Office · Stafford, Texas
Park Plaza Business Park
Park Plaza Business Park is financed with a $6.2M CMBS loan at 3.95% that reaches maturity on December 1, 2030, in 4 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
- $6,237,599
- Original balance (same notes)
- $7,000,000
- Interest rate
- 3.95% fixed
- Originated
- November 9, 2020
- Maturity
- December 1, 2030
- Payments
- Interest only for 1 months, then amortizing
- Prepayment lockout ends
- September 30, 2030
- Master servicer
- Midland Loan Services
- Originator
- JPMorgan Chase Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 11104 West Airport Boulevard, Stafford, TX 77477
- Metro
- Houston-Pasadena-The Woodlands, TX
- Rentable area
- 90,163 sq ft
- Built
- 1983, renovated 2019
- Largest tenants
- Cantex Continuing Care Network, LLC; GBA Corona, Inc.; Impact receivables management LLC
- Value at securitization
- $11.0M (Sep 2020)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.49x | 2.56x |
| Occupancy | 98% | 90% |
| Net operating income (annualized from 6 months) | $993K | $2.1M |
| Debt yield | 33.0% |
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 Benchmark 2020-B21 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 fallen from 98% when the loan was securitized to 90%.
- Net operating income is 107% above the underwritten figure ($2.1M a year against $993K; the latest statement covers 6 months, annualized).
- The filing gives Jun 2028 as the lease end date for the largest tenant (Cantex Continuing Care Network, LLC), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.2M | Current | No | 2.56x | 90% |
| August 2026 | $6.2M | Current | No | 2.56x | 90% |
| July 2026 | $6.3M | Current | No | 2.72x | 89% |
| June 2026 | $6.3M | Current | No | 2.72x | 89% |
| May 2026 | $6.3M | Current | No | n/a | n/a |
| April 2026 | $6.3M | Current | No | 2.22x | 90% |
| March 2026 | $6.3M | Current | No | 2.22x | 90% |
| February 2026 | $6.3M | Current | No | 2.33x | 85% |
| January 2026 | $6.3M | Current | No | 2.33x | 85% |
| December 2025 | $6.3M | Current | No | 2.33x | 85% |
| November 2025 | $6.4M | Current | No | 2.20x | 85% |
| October 2025 | $6.4M | Current | No | 2.20x | 90% |
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 |
|---|---|---|---|---|
| Benchmark 2020-B21 Mortgage Trust | 32 | $6,237,599 | Sep 2026 | SEC filing, September 28, 2026 |
Other Houston-Pasadena-The Woodlands loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 5712 Old River | Old River Winfree, TX | Self storage | $60.0M | 5.808% | Oct 2030 | n/a | n/a | Current |
| Waterford Grove Apartments | Houston, TX | Multifamily | $60.0M | 6.567% | Mar 2030 | 0.88x | 71% | Delinquent |
| Hotel ZaZa | Houston, TX | Hotel | $58.4M | 3.80% | Mar 2030 | 3.56x | 62% | Current |
| Rayford Square | Spring, TX | Retail | $57.6M | 3.595% | Jan 2030 | n/a | n/a | Current |
| Providence at Heights & Legacy at Westchase | Houston, TX | Multifamily | $50.5M | 6.36% | Jun 2030 | 1.18x | 93% | With the special servicer |
| Trails at Dominion Park | Houston, TX | Multifamily | $42.7M | 6.20% | Jan 2030 | n/a | n/a | Current |
| Chasewood Technology Park | Houston, TX | Office | $41.7M | 3.914% | Sep 2030 | 1.97x | 69% | Current |
| Haven at Bellaire | Richmond, TX | Multifamily | $41.6M | 6.262% | Oct 2030 | 1.07x | 91% | With the special servicer and 60-89 days delinquent |
All loans maturing in 2030 · 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.