Office · Farmers Branch, Texas
Pinnacle Tower
5001-5005 Lyndon B. Johnson Freeway, Farmers Branch, TX · Google Maps
Public CMBS trusts hold $100.0M of the loan on Pinnacle Tower at 6.451% that reaches maturity on March 6, 2031, in 4 years and 4 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $100,000,000
- Original balance (same notes)
- $100,000,000
- Interest rate
- 6.451% fixed
- Originated
- March 5, 2026
- Maturity
- March 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 5, 2028
- Prepayment premium ends
- September 5, 2030 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 5001-5005 Lyndon B. Johnson Freeway, Farmers Branch, TX 75244
- Metro
- Dallas-Fort Worth-Arlington, TX
- Rentable area
- 549,076 sq ft
- Built
- 1985, renovated 2025
- Largest tenants
- GUIDESTONE FINANCIAL RESOURCES; NEW YORK LIFE INSURANCE COMPANY; NOTHING BUNDT FRANCHISING, LLC
- Value at securitization
- $164.8M (Jan 2026)
Performance
| Measure | At securitization | Latest |
|---|---|---|
| DSCR (NOI) | 1.87x | n/a |
| Occupancy | 89% | n/a |
| Net operating income | $12.2M | n/a |
Comparable loans: office properties in Dallas-Fort Worth-Arlington, TX, with NOI, occupancy and value.
Watch flags
Computed from the Benchmark 2026-V23 Mortgage Trust filing for the reporting period ending October 13, 2026, filed with the SEC October 30, 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.
Who is behind this loan
- Non-recourse carveout guarantor and sponsor
- Shown with Pro
- Parties and contacts named by the trust
- Shown with Pro
Source: SEC Form 424B2 prospectus, Annex A-1, filed May 2026.
Source: SEC Form 10-D, Exhibit 99.1 distribution statement, filed Oct 2026.
Operating statement
| Annual | At securitization | Latest | Per sq ft |
|---|---|---|---|
| Revenue | $19.6M | n/a | |
| Operating expenses | $7.4M | n/a | |
| Net operating income | $12.2M | n/a | |
| Net cash flow | $11.7M | n/a | |
| Expense ratio | 37.6% | n/a |
From the servicer's Schedule AL report; 549,076 sq ft; renovated 2025.
Largest tenants
| Tenant | Sq ft | Share of building | Lease ends |
|---|---|---|---|
| GUIDESTONE FINANCIAL RESOURCES | 138,468 | 25% | Jul 2033 |
| NEW YORK LIFE INSURANCE COMPANY | 90,208 | 16% | Aug 2035 |
| NOTHING BUNDT FRANCHISING, LLC | 26,417 | 5% | Jan 2035 |
Red: the lease ends before the loan matures.
Refinance and early payoff, at today's rates
This estimate uses today's Treasury curve and needs JavaScript.
Rough estimates, not quotes. New loan: the filed NOI divided by the coverage you set, at the Treasury yield for the term plus your spread. Early payoff: the present value of the remaining scheduled payments to the open date at today's Treasury yields, less the balance, which is roughly what defeasance or yield maintenance costs. Loan documents, fees and the securities bought change the real number. Treasury yields: U.S. Treasury daily par curve.
The last 6 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $100.0M | Current | No | n/a | n/a |
| September 2026 | $100.0M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| August 2026 | $100.0M | Current | No | n/a | n/a |
| July 2026 | $90.0M | Current | No | n/a | n/a |
| June 2026 | $90.0M | Current | No | n/a | n/a |
| May 2026 | $65.0M | 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.
Where the loan sits
The loan is split into 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Asset no. in that trust | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2026-V22 Mortgage Trust | 4 | $65,000,000 | Oct 2026 | SEC filing, October 30, 2026 |
| BBCMS Mortgage Trust 2026-5C42 | 7 | $25,000,000 | Oct 2026 | SEC filing, October 29, 2026 |
| Benchmark 2026-V23 Mortgage Trust | 22 | $10,000,000 | Oct 2026 | SEC filing, October 30, 2026 |
Other Dallas-Fort Worth-Arlington loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| International Plaza I | Farmers Branch, TX | Office | $65.4M | 2.435% | Sep 2031 | 6.52x | 100% | Current |
| Building E1 and 1 other property | Frisco, TX | Office | $52.7M | 3.80% | Dec 2031 | n/a | n/a | Current |
| Volara Apartments | Dallas, TX | Multifamily | $44.0M | 6.73% | Mar 2031 | n/a | n/a | Not reported |
| Epic West Towne Crossing | Grand Prairie, TX | Retail | $40.8M | 3.25% | Oct 2031 | 2.12x | 86% | Current |
| Plaza at Legacy Plano | Plano, TX | Office | $37.1M | 7.48% | Jul 2031 | 1.29x | 92% | Current |
| Granite Tower | Farmers Branch, TX | Office | $36.3M | 3.72% | Jul 2031 | 2.80x | 90% | Current |
| Bardin Place Shopping Center | Arlington, TX | Retail | $32.3M | 3.52% | Aug 2031 | 3.02x | 99% | Not reported |
| Interlace Apartments | Dallas, TX | Multifamily | $30.0M | 7.61% | Aug 2031 | 1.26x | 95% | Current |
All loans maturing in 2031 · All Dallas-Fort Worth-Arlington loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 13, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.