Self storage · Palestine, Texas
Lone Star Secure Storage
Lone Star Secure Storage is financed with a $2.7M CMBS loan at 6.565% that reaches maturity on November 6, 2030, in 4 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $2,700,000
- Original balance (same notes)
- $2,700,000
- Interest rate
- 6.565% fixed
- Originated
- October 8, 2025
- Maturity
- November 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 5, 2030
- Master servicer
- Trimont LLC
- Originator
- SMC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 4801 North Loop 256, Palestine, TX 75803
- Rentable area
- 41,420 sq ft
- Units, rooms or beds
- 285
- Built
- 2008
- Value at securitization
- $4.4M (Aug 2025)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.48x | 1.47x |
| Occupancy | 91% | 98% |
| Net operating income (annualized from 6 months) | $266K | $266K |
| Debt yield | 9.9% |
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 Morgan Stanley Bank of America Merrill Lynch Trust 2025-5C2 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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
- Occupancy has risen from 91% when the loan was securitized to 98%.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.7M | Current | No | 1.47x | 98% |
| August 2026 | $2.7M | Current | No | 1.47x | 98% |
| July 2026 | $2.7M | Current | No | n/a | n/a |
| June 2026 | $2.7M | Current | No | n/a | n/a |
| May 2026 | $2.7M | Current | No | n/a | n/a |
| April 2026 | $2.7M | Current | No | n/a | n/a |
| March 2026 | $2.7M | Current | No | n/a | n/a |
| February 2026 | $2.7M | Current | No | n/a | n/a |
| January 2026 | $2.7M | Current | No | n/a | n/a |
| December 2025 | $2.7M | Current | No | n/a | n/a |
| November 2025 | $2.7M | Current | No | 1.54x | 91% |
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 |
|---|---|---|---|---|
| Morgan Stanley Bank of America Merrill Lynch Trust 2025-5C2 | 36 | $2,700,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Texas loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Kpmg Plaza at Hall Arts | Dallas, TX | Office | $111.7M | 3.41% | Jan 2030 | 2.87x | 99% | Current |
| Caldera Property | Midland, TX | Self storage | $77.1M | 6.135% | Feb 2030 | n/a | n/a | Current |
| Houston-Austin Multifamily Portfolio | TX | Multifamily | $68.0M | 3.80% | Jan 2030 | 1.43x | 90% | Current |
| USAA Plano | Plano, TX | Office | $63.6M | 3.624% | Sep 2030 | 1.57x | 100% | Current |
| 5712 Old River | Old River Winfree, TX | Self storage | $60.0M | 5.808% | Oct 2030 | n/a | n/a | Current |
| Waterford Grove Apartments | Houston, TX | Multifamily | $60.0M | 6.567% | Mar 2030 | 0.88x | 71% | Delinquent |
| Hotel ZaZa | Houston, TX | Hotel | $58.4M | 3.80% | Mar 2030 | 3.56x | 62% | Current |
| Rayford Square | Spring, TX | Retail | $57.6M | 3.595% | Jan 2030 | 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.