Multifamily · Midland, Texas
Midway Station
Midway Station is financed with a $24.5M CMBS loan at 4.942% that reaches maturity on August 6, 2028, in 21 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $24,548,599
- Original balance (same notes)
- $27,225,000
- Interest rate
- 4.942% fixed
- Originated
- July 10, 2018
- Maturity
- August 6, 2028
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ended
- August 5, 2021
- Master servicer
- Trimont LLC
- Originator
- Column Financial, Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred February 1, 2021, returned May 6, 2021
- Workout strategy
- Resolved
- Defeasance
- None reported
The property
- Address
- 3700 North a Street, Midland, TX 79705
- Units, rooms or beds
- 210
- Built
- 2014
- Value at securitization
- $37.5M (May 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.49x | 1.75x |
| Occupancy | 95% | 98% |
| Net operating income (annualized from 6 months) | $2.6M | $3.1M |
| Debt yield | 12.5% |
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 CSAIL 2018-CX12 Commercial 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
- Occupancy has risen from 95% when the loan was securitized to 98%.
- Net operating income is 18% above the underwritten figure ($3.1M a year against $2.6M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.49x at securitization to 1.75x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $24.5M | Current | No | 1.75x | 98% |
| August 2026 | $24.6M | Current | No | 1.76x | 98% |
| July 2026 | $24.6M | Current | No | 1.76x | 98% |
| June 2026 | $24.7M | Current | No | 1.76x | 98% |
| May 2026 | $24.7M | Current | No | 1.73x | 96% |
| April 2026 | $24.8M | Current | No | 1.73x | 96% |
| March 2026 | $24.8M | Current | No | 1.73x | 96% |
| February 2026 | $24.8M | Current | No | 1.67x | 96% |
| January 2026 | $24.9M | Current | No | 1.67x | 96% |
| December 2025 | $24.9M | Current | No | 1.67x | 96% |
| November 2025 | $25.0M | Current | No | 1.67x | 99% |
| October 2025 | $25.0M | Current | No | 1.67x | 99% |
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.
Special-servicing history
- Transferred to the special servicer February 1, 2021, returned to the master servicer May 6, 2021.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CSAIL 2018-CX12 Commercial Mortgage Trust | 9 | $24,548,599 | Sep 2026 | SEC filing, September 28, 2026 |
Other Texas loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Oasis at Pavilion Park | Midland, TX | Multifamily | $36.0M | 3.999% | Jan 2028 | 2.77x | 95% | Current |
| Tgaar Tower | Midland, TX | Office | $6.0M | 4.489% | Feb 2028 | 2.52x | 97% | 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.