Industrial · Hempstead, Texas
Logan Industrial
Logan Industrial is financed with a $9.4M CMBS loan at 3.30% that reaches maturity on August 6, 2031, in 4 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $9,392,139
- Original balance (same notes)
- $10,500,000
- Interest rate
- 3.30% fixed
- Originated
- July 19, 2021
- Maturity
- August 6, 2031
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- June 5, 2031
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1000 Blasingame, Hempstead, TX 77445
- Metro
- Houston-Pasadena-The Woodlands, TX
- Rentable area
- 150,102 sq ft
- Built
- 2008, renovated 2020
- Largest tenants
- Logan Industries
- Value at securitization
- $18.9M (May 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.43x | 2.98x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $1.3M | $3.3M |
| Debt yield | 35.4% |
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 Benchmark 2021-B28 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
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
- Net operating income is 148% above the underwritten figure ($3.3M a year against $1.3M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.43x at securitization to 2.98x on the latest statements.
- The filing gives Dec 2030 as the lease end date for the largest tenant (Logan Industries), 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 | $9.4M | Current | No | 2.98x | 100% |
| August 2026 | $9.4M | Current | No | 2.98x | 100% |
| July 2026 | $9.4M | Current | No | n/a | n/a |
| June 2026 | $9.5M | Current | No | n/a | n/a |
| May 2026 | $9.5M | Current | No | n/a | n/a |
| April 2026 | $9.5M | Current | No | 2.93x | 100% |
| March 2026 | $9.5M | Current | No | 2.93x | 100% |
| February 2026 | $9.5M | Current | No | 2.93x | 100% |
| January 2026 | $9.5M | Current | No | 2.93x | 100% |
| December 2025 | $9.6M | Current | No | 2.93x | 100% |
| November 2025 | $9.6M | Current | No | 2.93x | 100% |
| October 2025 | $9.6M | Current | No | 2.93x | 100% |
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 |
|---|---|---|---|---|
| Benchmark 2021-B28 Mortgage Trust | 43 | $9,392,139 | Sep 2026 | SEC filing, September 28, 2026 |
Other Houston-Pasadena-The Woodlands 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 |
| 1500 Post Oak Boulevard | Houston, TX | Office | $140.0M | 6.747% | Mar 2031 | n/a | n/a | Current |
| West Memorial Place | Houston, TX | Office | $106.0M | 7.035% | May 2031 | n/a | n/a | Current |
| 2700 Post Property | Houston, TX | Office | $81.5M | 4.46% | Mar 2031 | n/a | n/a | Current |
| HP Plaza | Spring, TX | Office | $79.0M | 7.01% | Jun 2031 | n/a | n/a | Current |
| Waterway Plaza I | The Woodlands, TX | Office | $66.0M | 3.269% | Feb 2031 | 3.74x | 100% | Current |
| Fountains on the Lake | Stafford, TX | Retail | $59.1M | 3.776% | Dec 2031 | 3.70x | 97% | Current |
| Bella Terra | Richmond, TX | Retail | $52.3M | 3.48% | Dec 2031 | 3.12x | 91% | Current |
All loans maturing in 2031 · 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.