Multifamily · Dallas, Texas
Prince Hall Apartments
Prince Hall Apartments is financed with a $9.9M CMBS loan at 3.97% that reaches maturity on December 5, 2031, in 5 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
- $9,912,500
- Original balance (same notes)
- $9,912,500
- Interest rate
- 3.97% fixed
- Originated
- November 24, 2021
- Maturity
- December 5, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- September 4, 2031
- Master servicer
- Midland Loan Services
- Originator
- 3650 Real Estate Investment Trust 2 LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently May 1, 2024
- Defeasance
- None reported
The property
- Address
- 3650 Dixon Avenue 5240 Wulschleger Lane, Dallas, TX 75210
- Metro
- Dallas-Fort Worth-Arlington, TX
- Units, rooms or beds
- 192
- Built
- 1969
- Value at securitization
- $15.3M (Aug 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.55x | 3.36x |
| Occupancy | 98% | 92% |
| Net operating income (annualized from 6 months) | $1.0M | $2.7M |
| Debt yield | 27.3% |
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 3650R 2022-PF2 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- 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.
What the filing shows
- Occupancy has fallen from 98% when the loan was securitized to 92%.
- Net operating income is 165% above the underwritten figure ($2.7M a year against $1.0M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.55x at securitization to 3.36x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $9.9M | Current | No | 3.36x | 92% |
| August 2026 | $9.9M | Current | No | 3.36x | 92% |
| July 2026 | $9.9M | Current | No | 3.23x | 93% |
| June 2026 | $9.9M | Current | No | 3.23x | 93% |
| May 2026 | $9.9M | Current | No | n/a | n/a |
| April 2026 | $9.9M | 30-59 days delinquent | No | 3.45x | 97% |
| March 2026 | $9.9M | 30-59 days delinquent | No | 3.45x | 97% |
| February 2026 | $9.9M | 30-59 days delinquent | No | 3.45x | 97% |
| January 2026 | $9.9M | 30-59 days delinquent | No | 3.45x | 97% |
| December 2025 | $9.9M | 60-89 days delinquent | No | 3.45x | 97% |
| November 2025 | $9.9M | 30-59 days delinquent | No | 3.45x | 97% |
| October 2025 | $9.9M | 30-59 days delinquent | No | 3.52x | 98% |
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 |
|---|---|---|---|---|
| 3650R 2022-PF2 Commercial Mortgage Trust | 28 | $9,912,500 | Sep 2026 | SEC filing, September 29, 2026 |
Other Dallas-Fort Worth-Arlington loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Pinnacle Tower | Dallas, TX | Office | $100.0M | 6.451% | Mar 2031 | n/a | n/a | Current |
| International Plaza I | Farmers Branch, TX | Office | $65.4M | 2.435% | Sep 2031 | 5.86x | 100% | Current |
| Building E1 | Frisco, TX | Office | $52.8M | 3.80% | Dec 2031 | n/a | n/a | Current |
| Volara Apartments | Dallas, TX | Multifamily | $44.0M | 6.73% | Mar 2031 | n/a | n/a | Current |
| 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 | n/a | n/a | Current |
| Granite Tower | Farmers Branch, TX | Office | $36.3M | 3.72% | Jul 2031 | 2.80x | 89% | Current |
| Bardin Place Shopping Center | Arlington, TX | Retail | $32.3M | 3.52% | Aug 2031 | 3.02x | 99% | 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 September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.