Retail · Missouri City, Texas
Knights Court
Knights Court is financed with a $6.1M CMBS loan at 4.95% that reaches maturity on May 1, 2029, in 2 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $6,120,000
- Original balance (same notes)
- $6,120,000
- Interest rate
- 4.95% fixed
- Originated
- April 2, 2019
- Maturity
- May 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- December 31, 2028
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 7746 Highway 6, Missouri City, TX 77459
- Metro
- Houston-Pasadena-The Woodlands, TX
- Rentable area
- 40,882 sq ft
- Built
- 2008
- Largest tenants
- Ihedigbo Fitness LLC; Marler; Sharp Minds Academy
- Value at securitization
- $10.3M (Jan 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.79x | 1.54x |
| Occupancy | 88% | 51% |
| Net operating income (annualized from 6 months) | $858K | $477K |
| Debt yield | 7.8% |
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 2019-BNK18 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points 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 fallen from 88% when the loan was securitized to 51%.
- Net operating income is 44% below the underwritten figure ($477K a year against $858K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.79x at securitization to 1.54x on the latest statements.
- The filing gives Mar 2029 as the lease end date for the largest tenant (Ihedigbo Fitness LLC), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.1M | Late payment but less than 30 days delinquent | No | 1.54x | 51% |
| August 2026 | $6.1M | Late payment but less than 30 days delinquent | No | 1.51x | 55% |
| July 2026 | $6.1M | Late payment but less than 30 days delinquent | No | 1.26x | 55% |
| June 2026 | $6.1M | Current | No | 1.26x | 55% |
| May 2026 | $6.1M | Current | No | 1.26x | 55% |
| April 2026 | $6.1M | Current | No | 1.26x | 55% |
| March 2026 | $6.1M | Current | No | 1.21x | 55% |
| February 2026 | $6.1M | Late payment but less than 30 days delinquent | No | 1.21x | 55% |
| January 2026 | $6.1M | Current | No | 1.21x | 55% |
| December 2025 | $6.1M | Current | No | 1.21x | 55% |
| November 2025 | $6.1M | Current | No | 1.14x | 55% |
| October 2025 | $6.1M | Current | No | 1.14x | 55% |
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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2019-BNK18 | 33 | $6,120,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Houston-Pasadena-The Woodlands loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Woodlands Mall | The Woodlands, TX | Retail | $247.6M | 4.256% | Aug 2029 | 4.02x | 84% | Current |
| Baybrook Mall | Friendswood, TX | Retail | $205.7M | 6.816% | Aug 2029 | 1.65x | 91% | Current |
| 9950 Woodloch | The Woodlands, TX | Office | $127.4M | 7.075% | Jul 2029 | n/a | n/a | Current |
| Cortland West Champions | Houston, TX | Multifamily | $78.4M | 5.893% | Oct 2029 | 1.64x | 91% | Current |
| Verde Apartments | Houston, TX | Multifamily | $78.0M | 6.79% | Dec 2029 | 1.13x | 81% | Current |
| Marqe Entertainment Center | Houston, TX | Retail | $70.0M | 7.27% | Apr 2029 | 1.61x | 99% | Current |
| Falls Houston Multifamily Portfolio | Houston, TX | Multifamily | $63.3M | 6.944% | Jul 2029 | 1.38x | 89% | With the special servicer and 90+ days delinquent |
| NOV Headquarters | Houston, TX | Office | $39.2M | 4.63% | Apr 2029 | 1.83x | 100% | Current |
All loans maturing in 2029 · All Houston-Pasadena-The Woodlands loans
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.