Retail · Houston, Texas
Park Harbor Retail Center
Park Harbor Retail Center is financed with a $2.2M CMBS loan at 4.68% that reaches maturity on October 1, 2029, in 2 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $2,219,516
- Original balance (same notes)
- $2,520,000
- Interest rate
- 4.68% fixed
- Originated
- September 20, 2019
- Maturity
- October 1, 2029
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- June 30, 2029
- Master servicer
- Trimont LLC
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1855 Barker Cypress Road, Houston, TX 77084
- Metro
- Houston-Pasadena-The Woodlands, TX
- Rentable area
- 17,550 sq ft
- Built
- 2007
- Largest tenants
- Star Kiddos Childcare Center; Three Leaf Nepalese Indian Cuisine; Bloom Events Studio
- Value at securitization
- $3.6M (Aug 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.78x | 1.93x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 3 months) | $278K | $307K |
| Debt yield | 13.8% |
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 BANK 2019-BNK24 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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 10% above the underwritten figure ($307K a year against $278K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.78x at securitization to 1.93x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.2M | Current | No | 1.93x | 100% |
| August 2026 | $2.2M | Current | No | 1.93x | 100% |
| July 2026 | $2.2M | Current | No | 1.93x | 100% |
| June 2026 | $2.2M | Current | No | 1.93x | 100% |
| May 2026 | $2.2M | Current | No | 2.03x | 100% |
| April 2026 | $2.2M | Current | No | 2.03x | 100% |
| March 2026 | $2.2M | Current | No | 2.03x | 100% |
| February 2026 | $2.2M | Current | No | 2.03x | 100% |
| January 2026 | $2.3M | Current | No | 2.03x | 100% |
| December 2025 | $2.3M | Current | No | 2.35x | 100% |
| November 2025 | $2.3M | Current | No | 2.35x | 100% |
| October 2025 | $2.3M | Current | No | 2.35x | 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 |
|---|---|---|---|---|
| BANK 2019-BNK24 | 55 | $2,219,516 | Sep 2026 | SEC filing, September 29, 2026 |
Other Houston-Pasadena-The Woodlands loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Woodlands Mall | The Woodlands, TX | Retail | $247.6M | 4.256% | Aug 2029 | 4.02x | 84% | Current |
| Baybrook Mall | Friendswood, TX | Retail | $205.7M | 6.816% | Aug 2029 | 1.65x | 91% | Current |
| 9950 Woodloch | The Woodlands, TX | Office | $127.4M | 7.075% | Jul 2029 | n/a | n/a | Current |
| Cortland West Champions | Houston, TX | Multifamily | $78.4M | 5.893% | Oct 2029 | 1.64x | 91% | Current |
| Verde Apartments | Houston, TX | Multifamily | $78.0M | 6.79% | Dec 2029 | 1.13x | 81% | Current |
| Marqe Entertainment Center | Houston, TX | Retail | $70.0M | 7.27% | Apr 2029 | 1.61x | 99% | Current |
| Falls Houston Multifamily Portfolio | Houston, TX | Multifamily | $63.3M | 6.944% | Jul 2029 | 1.38x | 89% | With the special servicer and 90+ days delinquent |
| NOV Headquarters | Houston, TX | Office | $39.2M | 4.63% | Apr 2029 | 1.83x | 100% | Current |
All loans maturing in 2029 · 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.