Retail · League City, Texas
Marina South Sc
Marina South Sc is financed with a $7.5M CMBS loan at 4.397% that reaches maturity on November 6, 2027, in 12 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,535,687
- Original balance (same notes)
- $8,400,000
- Interest rate
- 4.397% fixed
- Originated
- October 18, 2017
- Maturity
- November 6, 2027
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ended
- January 5, 2020
- Prepayment premium ends
- August 5, 2027 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 2951 Marina Bay Drive, League City, TX 77573
- Metro
- Houston-Pasadena-The Woodlands, TX
- Rentable area
- 86,546 sq ft
- Built
- 1991
- Largest tenants
- Randall's Food Markets; South Shore Optical; Palm Beach Tan Inc.
- Value at securitization
- $13.4M (Oct 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.57x | 1.95x |
| Occupancy | 100% | 98% |
| Net operating income (annualized from 6 months) | $791K | $991K |
| Debt yield | 13.1% |
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 Capital I Trust 2017-HR2 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
- Net operating income is 25% above the underwritten figure ($991K a year against $791K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.57x at securitization to 1.95x on the latest statements.
- The filing gives Oct 2027 as the lease end date for the largest tenant (Randall's Food Markets), 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 | $7.5M | Current | No | 1.95x | 98% |
| August 2026 | $7.5M | Current | No | 2.60x | 98% |
| July 2026 | $7.6M | Current | No | 2.60x | 98% |
| June 2026 | $7.6M | Current | No | 2.60x | 98% |
| May 2026 | $7.6M | Current | No | 1.33x | 100% |
| April 2026 | $7.6M | Current | No | 1.66x | 100% |
| March 2026 | $7.6M | Current | No | 1.66x | 100% |
| February 2026 | $7.6M | Current | No | 1.66x | 100% |
| January 2026 | $7.6M | Current | No | 1.66x | 100% |
| December 2025 | $7.7M | Current | No | 1.66x | 100% |
| November 2025 | $7.7M | Current | No | 1.77x | 100% |
| October 2025 | $7.7M | Current | No | 1.77x | 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 |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2017-HR2 | 33 | $7,535,687 | Sep 2026 | SEC filing, October 2, 2026 |
Other Houston-Pasadena-The Woodlands loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Market Street - The Woodlands | The Woodlands, TX | Retail | $175.0M | 4.085% | Jun 2027 | n/a | n/a | Current |
| Baybrook Lifestyle and Power Center | Friendswood, TX | Retail | $140.0M | 3.77% | Dec 2027 | 3.78x | 99% | Current |
| Lyric Centre | Houston, TX | Office | $48.0M | 4.199% | Feb 2027 | 3.06x | 81% | Current |
| Remington Park | Houston, TX | Multifamily | $42.5M | 4.04% | Oct 2027 | 2.18x | 93% | Current |
| Doubletree Greenway Houston | Houston, TX | Hotel | $32.5M | 5.06% | Feb 2027 | 1.76x | 55% | Current |
| Center at Pearland Parkway | Pearland, TX | Retail | $25.6M | 4.222% | Jul 2027 | 2.73x | 96% | Current |
| Shops On Sage | Houston, TX | Retail | $15.3M | 5.657% | Mar 2027 | n/a | n/a | Current |
| Willow Bend Apartments | Houston, TX | Multifamily | $13.2M | 4.514% | Jul 2027 | 1.84x | 88% | Current |
All loans maturing in 2027 · 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.