Retail · Pharr, Texas
Pharr Town Center
Public CMBS trusts hold $65.2M of the loan on Pharr Town Center at 4.45% that reaches maturity on August 6, 2029, in 2 years and 9 months. As of the Sep 2026 and Oct 2026 servicer reports its status is current.
The loan
- Balance in tracked trusts
- $65,165,979
- Original balance (same notes)
- $70,000,000
- Interest rate
- 4.45% fixed
- Originated
- July 8, 2019
- Maturity
- August 6, 2029
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- May 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- DBR Investments Co. Limited
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 500 N Jackson Rd, Pharr, TX 78577
- Rentable area
- 439,315 sq ft
- Built
- 2013
- Largest tenants
- Academy, Ltd. #34; CNMK Texas Properties, LLC #1074 dba Cinemark; Main Event Entertainment, LP #017
- Value at securitization
- $104.4M (May 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.42x | 1.36x |
| Occupancy | 97% | 95% |
| Net operating income | $6.0M | $5.8M |
| Debt yield | 8.8% |
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 GS Mortgage Securities Trust 2019-GC42 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $27.9M | Current | No | 1.36x | 95% |
| September 2026 | $65.2M | Current | No | n/a | n/a |
| August 2026 | $65.3M | Current | No | n/a | n/a |
| July 2026 | $65.4M | Current | No | n/a | n/a |
| June 2026 | $65.5M | Current | No | n/a | n/a |
| May 2026 | $65.6M | Current | No | n/a | n/a |
| April 2026 | $65.7M | Current | No | 1.42x | 95% |
| March 2026 | $65.8M | Current | No | 1.42x | 90% |
| February 2026 | $66.0M | Current | No | 1.42x | 90% |
| January 2026 | $66.1M | Current | No | 1.42x | 90% |
| December 2025 | $66.2M | Current | No | 1.42x | 90% |
| November 2025 | $66.3M | Current | No | n/a | 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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CD 2019-CD8 Mortgage Trust | 8 | $37,264,830 | Sep 2026 | SEC filing, October 1, 2026 |
| GS Mortgage Securities Trust 2019-GC42 | 15 | $27,901,149 | Oct 2026 | SEC filing, October 22, 2026 |
Other Texas loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| River Valley Shopping Center | McAllen, TX | Retail | $14.7M | 4.10% | Aug 2029 | 2.77x | 98% | Current |
| McAllen Retail Portfolio | McAllen, TX | Retail | $7.9M | 5.10% | Feb 2029 | 1.53x | 89% | Current |
| Marval Plaza | Edinburg, TX | Retail | $3.5M | 4.25% | Oct 2029 | 1.67x | 100% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting periods ending September 11, 2026, October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.