Retail · Austin, Texas
Norwood Park
Norwood Park is financed with a $5.5M CMBS loan at 5.19% that reaches maturity on May 6, 2028, in 18 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,498,784
- Original balance (same notes)
- $6,100,000
- Interest rate
- 5.19% fixed
- Originated
- May 10, 2018
- Maturity
- May 6, 2028
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- February 5, 2028
- Master servicer
- Midland Loan Services
- Originator
- Rialto Mortgage Finance, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1030 Norwood Park Boulevard 1017 Rutherford Lane, Austin, TX 78753
- Metro
- Austin-Round Rock-San Marcos, TX
- Rentable area
- 35,484 sq ft
- Built
- 2005
- Largest tenants
- Emancipet, Inc (312) (Harvey Cleary); Slurp Lab, LLC (Ramen Tatsu-Ya); Emancipet, Inc dba Emancipet (316)
- Value at securitization
- $9.6M (Mar 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.87x | 1.74x |
| Occupancy | 100% | 88% |
| Net operating income (annualized from 6 months) | $600K | $1.4M |
| Debt yield | 25.7% |
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 CITIGROUP COMMERCIAL MORTGAGE TRUST 2018-C5 filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
- Occupancy down 10 points or more from securitization
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 fallen from 100% when the loan was securitized to 88%.
- Net operating income is 135% above the underwritten figure ($1.4M a year against $600K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.87x at securitization to 1.74x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.5M | Current | No | 1.74x | 88% |
| August 2026 | $5.5M | Current | No | 1.74x | 88% |
| July 2026 | $5.5M | Current | No | n/a | n/a |
| June 2026 | $5.5M | Current | No | n/a | n/a |
| May 2026 | $5.5M | Current | No | n/a | n/a |
| April 2026 | $5.5M | Current | No | 1.49x | 88% |
| March 2026 | $5.6M | Current | No | 1.49x | 88% |
| February 2026 | $5.6M | Current | No | 1.49x | 88% |
| January 2026 | $5.6M | Current | No | 1.49x | 88% |
| December 2025 | $5.6M | Current | No | 1.49x | 88% |
| November 2025 | $5.6M | Current | No | 1.49x | 88% |
| October 2025 | $5.6M | Current | No | 1.40x | 88% |
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 |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2018-C5 | 34 | $5,498,784 | Sep 2026 | SEC filing, September 25, 2026 |
Other Austin-Round Rock-San Marcos loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Starburst Apartments | Austin, TX | Multifamily | $110.0M | 7.37% | May 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 13785 Research Boulevard | Austin, TX | Office | $65.0M | 5.215% | Mar 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 801 Barton Springs | Austin, TX | Office | $34.5M | 4.015% | May 2028 | 0.55x | 100% | Current |
| Staybridge Suites - Austin Airport | Austin, TX | Hotel | $10.5M | 8.12% | Nov 2028 | n/a | n/a | With the special servicer |
| Homewood Suites San Marcos | San Marcos, TX | Hotel | $10.0M | 6.83% | Dec 2028 | 1.71x | 72% | Current |
| Staybridge Suites Austin | Austin, TX | Hotel | $10.0M | 5.17% | Jul 2028 | n/a | n/a | Current |
| The Yard | Austin, TX | Industrial | $9.9M | 4.17% | Feb 2028 | n/a | n/a | Current |
| South Brook Town Center | Austin, TX | Retail | $6.9M | 5.058% | Oct 2028 | 1.64x | 100% | Late, less than 30 days |
All loans maturing in 2028 · All Austin-Round Rock-San Marcos loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.