Mixed use · Fort Worth, Texas
La Gran Plaza
La Gran Plaza is financed with a $63.1M CMBS loan at 6.80% that reaches maturity on March 6, 2035, in 8 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $63,082,720
- Original balance (same notes)
- $64,000,000
- Interest rate
- 6.80% fixed
- Originated
- March 6, 2025
- Maturity
- March 6, 2035
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- November 5, 2034
- Master servicer
- Trimont LLC
- Originator
- Ladder Capital Finance LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 4200 South Freeway, Fort Worth, TX 76115
- Metro
- Dallas-Fort Worth-Arlington, TX
- Rentable area
- 1,112,372 sq ft
- Built
- 1960
- Largest tenants
- Zocalo Property LP; Burlington Coat Factory; Fiesta Mart
- Value at securitization
- $148.0M (Feb 2025)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.51x | 2.16x |
| Occupancy | 88% | 80% |
| Net operating income (annualized from 6 months) | $12.6M | $10.9M |
| Debt yield | 17.3% |
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 BMO 2025-C12 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Coverage down 0.25x 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 80%.
- Net operating income is 13% below the underwritten figure ($10.9M a year against $12.6M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.51x at securitization to 2.16x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $63.1M | Current | No | 2.16x | 80% |
| August 2026 | $63.1M | Current | No | 2.17x | 84% |
| July 2026 | $63.2M | Current | No | 2.17x | 84% |
| June 2026 | $63.2M | Current | No | 2.17x | 84% |
| May 2026 | $63.3M | Current | No | 2.26x | 84% |
| April 2026 | $63.3M | Current | No | 2.26x | 84% |
| March 2026 | $63.4M | Current | No | 2.35x | 84% |
| February 2026 | $63.5M | Current | No | 2.35x | 84% |
| January 2026 | $63.5M | Current | No | 2.35x | 84% |
| December 2025 | $63.6M | Current | No | 2.35x | 84% |
| November 2025 | $63.6M | Current | No | n/a | n/a |
| October 2025 | $63.7M | Current | No | n/a | n/a |
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 |
|---|---|---|---|---|
| BMO 2025-C12 Mortgage Trust | 3 | $63,082,720 | Sep 2026 | SEC filing, October 2, 2026 |
Other Dallas-Fort Worth-Arlington loans due in 2035
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Marriott Dallas Las Colinas | Irving, TX | Hotel | $91.0M | 6.946% | Mar 2035 | n/a | n/a | Current |
| Robertsons Creek Shopping Center | Flower Mound, TX | Retail | $47.0M | 6.30% | Sep 2035 | 1.56x | 98% | Current |
| Dallas & Deerfield Portfolio | Richardson, TX | Industrial | $41.0M | 5.708% | Sep 2035 | n/a | n/a | Current |
| Denton Center | Denton, TX | Retail | $33.0M | 5.74% | Sep 2035 | 2.21x | 91% | Current |
| Leeton Leased Fee Portfolio | Fort Worth, TX | Multifamily | $23.9M | 6.395% | Jul 2035 | n/a | n/a | With the special servicer and 30-59 days delinquent |
| Doubletree Fort Worth | Fort Worth, TX | Hotel | $23.6M | 8.345% | Jan 2035 | 1.82x | 59% | Delinquent |
| Greenville Promenade | Greenville, TX | Retail | $20.0M | 6.50% | Apr 2035 | n/a | n/a | Current |
| H-Mart Town Center | Plano, TX | Retail | $19.9M | 5.546% | Nov 2035 | 2.47x | 95% | 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.