Office · Dallas, Texas
Park Central Tower
Public CMBS trusts hold $54.8M of the loan on Park Central Tower at 4.016% that reaches maturity on December 6, 2029, in 3 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $54,772,431
- Original balance (same notes)
- $60,000,000
- Interest rate
- 4.016% fixed
- Originated
- November 7, 2019
- Maturity
- December 6, 2029
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- September 5, 2029
- Master servicer
- Trimont LLC
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 12700 and 12712 Park Central Drive, Dallas, TX 75251
- Metro
- Dallas-Fort Worth-Arlington, TX
- Rentable area
- 668,154 sq ft
- Built
- 1975, renovated 2018
- Largest tenants
- TBK BANK SSB; Holmes Murphy & Assoc.; RT SPECIALTY
- Value at securitization
- $103.7M (Oct 2019)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.54x | 1.42x |
| Occupancy | 82% | 65% |
| Net operating income | $6.2M | $4.9M |
| Debt yield | 8.9% |
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 CF 2019-CF3 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% 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 82% when the loan was securitized to 65%.
- Net operating income is 21% below the underwritten figure ($4.9M a year against $6.2M).
- Debt service coverage moved from 2.54x at securitization to 1.42x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $54.8M | Current | No | 1.42x | 65% |
| August 2026 | $54.9M | Current | No | 1.42x | 65% |
| July 2026 | $55.0M | Current | No | 1.42x | 65% |
| June 2026 | $55.1M | Current | No | 1.42x | 65% |
| May 2026 | $55.2M | Current | No | 1.42x | 65% |
| April 2026 | $55.3M | Current | No | 1.42x | 65% |
| March 2026 | $55.4M | Current | No | 1.42x | 65% |
| February 2026 | $55.5M | Current | No | 1.23x | 66% |
| January 2026 | $55.6M | Current | No | 1.23x | 66% |
| December 2025 | $55.7M | Current | No | 1.12x | 68% |
| November 2025 | $55.8M | Current | No | 1.12x | 68% |
| October 2025 | $55.9M | Current | No | 1.12x | 68% |
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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-C7 | 13 | $31,950,585 | Sep 2026 | SEC filing, September 30, 2026 |
| CF 2019-CF3 Mortgage Trust | 11 | $22,821,846 | Sep 2026 | SEC filing, September 30, 2026 |
Other Dallas-Fort Worth-Arlington loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Stonebriar Centre | Frisco, TX | Retail | $255.0M | 6.999% | Jul 2029 | 2.44x | 93% | Current |
| Legacy Corporate Centre I & II | Plano, TX | Office | $167.4M | 3.37% | Aug 2029 | n/a | n/a | Current |
| Renaissance Plano | Plano, TX | Hotel | $78.4M | 4.45% | Jul 2029 | 2.90x | 68% | Current |
| International Plaza II | Dallas, TX | Office | $78.3M | 7.43% | Oct 2029 | 1.98x | 97% | Current |
| Warwick Melrose & Allerton | Dallas, TX | Hotel | $78.0M | 8.14% | Mar 2029 | n/a | n/a | Current |
| One At&t | Dallas, TX | Office | $71.5M | 4.39% | Jan 2029 | 2.69x | 100% | Current |
| One At&t Plaza | Dallas, TX | Office | $60.0M | 4.39% | Jan 2029 | n/a | n/a | Current |
| Timber Creek Crossing | Dallas, TX | Retail | $57.5M | 6.175% | Feb 2029 | 1.59x | 100% | Current |
All loans maturing in 2029 · All Dallas-Fort Worth-Arlington 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.