Other · Texas
Katy Station Business Park and West Belt
Public CMBS trusts hold $4.1M of the loan on Katy Station Business Park and West Belt at 3.68% that reaches maturity on January 1, 2031, in 4 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,095,000
- Original balance (same notes)
- $4,095,000
- Interest rate
- 3.68% fixed
- Originated
- December 10, 2020
- Maturity
- January 1, 2031
- Payments
- Interest only for the full term
- Master servicer
- Trimont LLC
- Originator
- MSMCH
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Value at securitization
- $6.4M
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.72x | 2.46x |
| Occupancy | 89% | 100% |
| Net operating income (annualized from 6 months) | $416K | $284K |
| Debt yield | 6.9% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the BANK 2021-BNK31 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Occupancy has risen from 89% when the loan was securitized to 100%.
- Net operating income is 32% below the underwritten figure ($284K a year against $416K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.72x at securitization to 2.46x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.1M | Current | No | 2.46x | 100% |
| August 2026 | $4.1M | Current | No | 2.46x | 100% |
| July 2026 | $4.1M | Current | No | 2.25x | 100% |
| June 2026 | $4.1M | Current | No | 2.25x | 100% |
| May 2026 | $4.1M | Current | No | 2.25x | 100% |
| April 2026 | $1.1M | Current | No | 2.90x | 88% |
| March 2026 | $4.1M | Current | No | 2.90x | 88% |
| February 2026 | $4.1M | Current | No | 2.90x | 88% |
| January 2026 | $4.1M | Current | No | 2.77x | 91% |
| December 2025 | $4.1M | Current | No | 2.77x | 91% |
| November 2025 | $4.1M | Current | No | 2.77x | 91% |
| October 2025 | $4.1M | Current | No | 2.77x | 98% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Where the loan sits
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2021-BNK31 | 40A | $2,992,500 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK 2021-BNK31 | 40 | $1,102,500 | Sep 2026 | SEC filing, September 29, 2026 |
Other Texas loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 1201 Lake Robbins | The Woodlands, TX | Office | $250.0M | 3.827% | Oct 2031 | 2.84x | 100% | Current |
| The Domain | Austin, TX | Retail | $210.0M | 3.094% | Jul 2031 | 6.51x | 98% | Current |
| 1500 Post Oak Boulevard | Houston, TX | Office | $140.0M | 6.747% | Mar 2031 | n/a | n/a | Current |
| 111 Congress | Austin, TX | Office | $116.5M | 7.135% | Aug 2031 | n/a | n/a | Current |
| West Memorial Place | Houston, TX | Office | $106.0M | 7.035% | May 2031 | n/a | n/a | Current |
| Pinnacle Tower | Dallas, TX | Office | $100.0M | 6.451% | Mar 2031 | n/a | n/a | Current |
| Park North | San Antonio, TX | Retail | $83.4M | 5.923% | Jan 2031 | n/a | n/a | Current |
| 2700 Post Property | Houston, TX | Office | $81.5M | 4.46% | Mar 2031 | n/a | n/a | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.