Office · Bellaire, Texas
Pin Oak North Medical Office
Pin Oak North Medical Office is financed with a $53.6M CMBS loan at 4.647% that reaches maturity on February 6, 2028, in 15 months. As of the Oct 2026 servicer report its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $53,636,866
- Original balance (same notes)
- $56,740,000
- Interest rate
- 4.647% fixed
- Originated
- January 19, 2018
- Maturity
- February 6, 2028
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- October 5, 2027
- Master servicer
- Trimont LLC
- Originator
- Goldman Sachs Mortgage Company
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred October 20, 2023
- Workout strategy
- Foreclosure
- Defeasance
- None reported
The property
- Address
- 6700 & 6750 West Loop South and 4710 Bellaire Boulevard, Bellaire, TX 77401
- Metro
- Houston-Pasadena-The Woodlands, TX
- Rentable area
- 351,528 sq ft
- Built
- 1974
- Largest tenants
- The Frost National Bank; Derm Surgery Associates P.A.; Memorial Hermann Medical Group
- Value at securitization
- $78.5M (Nov 2017)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.69x | 0.85x |
| Occupancy | 90% | 66% |
| Net operating income | $5.9M | $3.0M |
| Debt yield | 5.6% |
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 2018-GS9 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in all 12 monthly reports we hold (November 2025 to October 2026).
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 90% when the loan was securitized to 66%.
- Net operating income is 50% below the underwritten figure ($3.0M a year against $5.9M).
- Debt service coverage moved from 1.69x at securitization to 0.85x on the latest statements.
- At 0.85x, the property's reported NOI does not cover its debt service.
- The most recent valuation in the filing is $32.4M (September 3, 2026), against $78.5M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $53.6M | 90+ days delinquent | Yes | 0.85x | 66% |
| September 2026 | $53.6M | 90+ days delinquent | Yes | 0.85x | 66% |
| August 2026 | $53.6M | 90+ days delinquent | Yes | 0.85x | 66% |
| July 2026 | $53.6M | 90+ days delinquent | Yes | 0.85x | 66% |
| June 2026 | $53.6M | 90+ days delinquent | Yes | 0.85x | 66% |
| May 2026 | $53.6M | 90+ days delinquent | Yes | 0.82x | 67% |
| April 2026 | $53.6M | 90+ days delinquent | Yes | 0.82x | 67% |
| March 2026 | $53.6M | 90+ days delinquent | Yes | 0.82x | 67% |
| February 2026 | $53.6M | 90+ days delinquent | Yes | 0.82x | 67% |
| January 2026 | $53.6M | 90+ days delinquent | Yes | 0.70x | 66% |
| December 2025 | $53.6M | 90+ days delinquent | Yes | 0.70x | 66% |
| November 2025 | $53.6M | 90+ days delinquent | Yes | 0.70x | 66% |
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.
Special-servicing history
- Transferred to the special servicer October 20, 2023, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| GS Mortgage Securities Trust 2018-GS9 | 7 | $53,636,866 | Oct 2026 | SEC filing, October 22, 2026 |
Other Houston-Pasadena-The Woodlands loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Heritage Plaza, Houston | Houston, TX | Office | $172.0M | 7.63% | May 2028 | 2.13x | 78% | Current |
| Sugar Land Town Square | Sugar Land, TX | Mixed use | $105.0M | 7.966% | Nov 2028 | 1.19x | 69% | Current |
| Rockridge Apartments | Houston, TX | Multifamily | $54.0M | 8.00% | Nov 2028 | 0.44x | 25% | With the special servicer and 90+ days delinquent |
| 5444 & 5430 Westheimer | Houston, TX | Office | $51.0M | 4.72% | Nov 2028 | 0.68x | 43% | Current |
| 6330 West Loop South | Bellaire, TX | Office | $48.4M | 8.18% | May 2028 | 1.21x | 88% | Current |
| Victory Lakes | League City, TX | Retail | $39.0M | 5.01% | Oct 2028 | n/a | n/a | Current |
| Market Center at Aliana | Richmond, TX | Retail | $37.0M | 7.03% | Oct 2028 | 1.29x | 95% | Current |
| 1001 McKinney | Houston, TX | Office | $31.2M | 7.675% | Jul 2028 | n/a | n/a | Current |
All loans maturing in 2028 · 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 October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.