Retail · Spring, Texas
Northland Center
Northland Center is financed with a $14.3M CMBS loan at 6.043% that reaches maturity on April 1, 2031, in 4 years and 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $14,250,000
- Original balance (same notes)
- $14,250,000
- Interest rate
- 6.043% fixed
- Originated
- March 17, 2026
- Maturity
- April 1, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 30, 2028
- Prepayment premium ends
- September 30, 2030 (yield maintenance)
- Master servicer
- Midland
- Originator
- Bank of America, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 1457, 1489, 1491 Spring Cypress Road, Spring, TX 77373
- Metro
- Houston-Pasadena-The Woodlands, TX
- Rentable area
- 190,551 sq ft
- Built
- 1974, renovated 2021
- Largest tenants
- Academy, Ltd.; Goodwill Industries of Houston, Inc.; Harbor Freight Tools
- Value at securitization
- $37.0M (Feb 2026)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.41x | n/a |
| Occupancy | 87% | n/a |
| Net operating income | $2.1M | n/a |
Watch flags
Computed from the BANK5 2026-5YR21 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
- The filing gives May 2030 as the lease end date for the largest tenant (Academy, Ltd.), before the loan matures. Lenders look hard at that rollover.
The last 6 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $14.3M | Current | No | n/a | n/a |
| August 2026 | $14.3M | Current | No | n/a | n/a |
| July 2026 | $14.3M | Current | No | n/a | n/a |
| June 2026 | $14.3M | Current | No | n/a | n/a |
| May 2026 | $14.3M | Current | No | n/a | n/a |
| April 2026 | $14.3M | Current | No | 1.95x | 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 2026-5YR21 | 17 | $14,250,000 | 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.