Retail · The Woodlands, Texas
Picasso Village
Picasso Village is financed with a $6.4M CMBS loan at 4.79% that reaches maturity on April 6, 2027, in 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $6,372,115
- Original balance (same notes)
- $7,300,000
- Interest rate
- 4.79% fixed
- Originated
- April 6, 2017
- Maturity
- April 6, 2027
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- January 5, 2027
- Master servicer
- Midland
- Originator
- SMC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently June 30, 2020
- Defeasance
- None reported
The property
- Address
- 314 Sawdust Road, The Woodlands, TX 77380
- Metro
- Houston-Pasadena-The Woodlands, TX
- Rentable area
- 45,515 sq ft
- Built
- 2005
- Largest tenants
- Houston MD Wellness & Medspa PLLC ?fka Gold Star Ventures, Inc. POSH S; Diego Manobanda & Washington Cielo Lounge; Diamondback Tatoo, LLC
- Value at securitization
- $10.2M (Apr 2017)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.53x | n/a |
| Occupancy | 90% | n/a |
| Net operating income | $703K | n/a |
Watch flags
Computed from the Morgan Stanley Capital I Trust 2017-H1 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Matures within 12 months
- Largest tenant's lease ends within 12 months
- Modified
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 |
|---|---|---|---|---|---|
| September 2026 | $6.4M | Current | No | n/a | n/a |
| August 2026 | $6.4M | Current | No | n/a | n/a |
| July 2026 | $6.4M | Current | No | n/a | n/a |
| June 2026 | $6.4M | Current | No | n/a | n/a |
| May 2026 | $6.4M | Current | No | n/a | n/a |
| April 2026 | $6.4M | Current | No | 1.54x | 80% |
| March 2026 | $6.4M | Current | No | 1.54x | 80% |
| February 2026 | $6.5M | Current | No | 1.54x | 80% |
| January 2026 | $6.5M | Current | No | 1.54x | 80% |
| December 2025 | $6.5M | Current | No | 1.74x | 80% |
| November 2025 | $6.5M | Current | No | 1.74x | 80% |
| October 2025 | $6.5M | Current | No | 1.74x | 80% |
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 |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2017-H1 | 41 | $6,372,115 | Sep 2026 | SEC filing, October 2, 2026 |
Other Houston-Pasadena-The Woodlands loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Market Street - The Woodlands | The Woodlands, TX | Retail | $175.0M | 4.085% | Jun 2027 | n/a | n/a | Current |
| Baybrook Lifestyle and Power Center | Friendswood, TX | Retail | $140.0M | 3.77% | Dec 2027 | 3.78x | 99% | Current |
| Lyric Centre | Houston, TX | Office | $48.0M | 4.199% | Feb 2027 | 3.06x | 81% | Current |
| Remington Park | Houston, TX | Multifamily | $42.5M | 4.04% | Oct 2027 | 2.18x | 93% | Current |
| Doubletree Greenway Houston | Houston, TX | Hotel | $32.5M | 5.06% | Feb 2027 | 1.76x | 55% | Current |
| Center at Pearland Parkway | Pearland, TX | Retail | $25.6M | 4.222% | Jul 2027 | 2.73x | 96% | Current |
| Shops On Sage | Houston, TX | Retail | $15.3M | 5.657% | Mar 2027 | n/a | n/a | Current |
| Willow Bend Apartments | Houston, TX | Multifamily | $13.2M | 4.514% | Jul 2027 | 1.84x | 88% | Current |
All loans maturing in 2027 · 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.