Hotel · Houston, Texas
Magnolia Houston
Magnolia Houston is financed with a $33.4M CMBS loan at 7.47% that reaches maturity on July 1, 2029, in 2 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $33,400,000
- Original balance (same notes)
- $33,400,000
- Interest rate
- 7.47% fixed
- Originated
- June 5, 2024
- Maturity
- July 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- December 31, 2028
- Master servicer
- Wells Fargo Bank, NA
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1100 Texas Avenue, Houston, TX 77002
- Metro
- Houston-Pasadena-The Woodlands, TX
- Units, rooms or beds
- 314
- Built
- 1926, renovated 2019
- Value at securitization
- $72.5M (Apr 2024)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.73x | 3.63x |
| Occupancy | 61% | 75% |
| Net operating income (annualized from 3 months) | $4.4M | $9.3M |
| Debt yield | 27.9% |
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 BANK5 2024-5YR9 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
- Occupancy has risen from 61% when the loan was securitized to 75%.
- Net operating income is 112% above the underwritten figure ($9.3M a year against $4.4M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.73x at securitization to 3.63x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $33.4M | Current | No | 3.63x | 75% |
| August 2026 | $33.4M | Current | No | 3.63x | 75% |
| July 2026 | $33.4M | Current | No | 3.63x | 75% |
| June 2026 | $33.4M | Current | No | 1.90x | 68% |
| May 2026 | $33.4M | Current | No | 1.90x | 68% |
| April 2026 | $33.4M | Current | No | 1.93x | 69% |
| March 2026 | $33.4M | Current | No | 1.93x | 69% |
| February 2026 | $33.4M | Current | No | 1.93x | 69% |
| January 2026 | $33.4M | Current | No | 1.93x | 69% |
| December 2025 | $33.4M | Current | No | 2.38x | 72% |
| November 2025 | $33.4M | Current | No | 2.38x | 72% |
| October 2025 | $33.4M | 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 |
|---|---|---|---|---|
| BANK5 2024-5YR9 | 9 | $33,400,000 | Sep 2026 | SEC filing, September 28, 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.