Multifamily portfolio, 5 properties · Houston, Texas
Providence at Memorial
This portfolio is financed with a $76.0M CMBS loan at 6.307% that reaches maturity on June 1, 2032, in 5 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $76,000,000
- Original balance (same notes)
- $76,000,000
- Interest rate
- 6.307% fixed
- Originated
- May 13, 2022
- Maturity
- June 1, 2032
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 29, 2032
- Master servicer
- Midland Loan Services
- Originator
- Societe Generale Financial Corporation
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1370 Afton Street, Houston, TX 77055
- Metro
- Houston-Pasadena-The Woodlands, TX
- Value at securitization
- $168.8M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $8.6M | $1.2M |
| Debt yield | 1.6% |
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 BBCMS Mortgage Trust 2022-C16 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- NOI down 20% or more from securitization
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
- Net operating income is 86% below the underwritten figure ($1.2M a year against $8.6M).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Providence at Memorial | Houston, TX | Multifamily | n/a | n/a |
| Diamond Hill | Houston, TX | Multifamily | n/a | n/a |
| Casa Del Mar | Houston, TX | Multifamily | n/a | n/a |
| Sedona Pointe | Houston, TX | Multifamily | n/a | n/a |
| Buena Vista | Houston, TX | Multifamily | 81% | 1.90x |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $76.0M | Current | No | n/a | n/a |
| August 2026 | $76.0M | Current | No | n/a | n/a |
| July 2026 | $76.0M | Current | No | n/a | n/a |
| June 2026 | $76.0M | Current | No | n/a | n/a |
| May 2026 | $76.0M | Current | No | n/a | n/a |
| April 2026 | $76.0M | Current | No | 1.21x | n/a |
| March 2026 | $76.0M | Current | No | 1.21x | n/a |
| February 2026 | $76.0M | Current | No | 1.49x | 86% |
| January 2026 | $76.0M | Current | No | 1.49x | 86% |
| December 2025 | $76.0M | Current | No | 1.49x | 86% |
| November 2025 | $76.0M | Current | No | 1.49x | 86% |
| October 2025 | $76.0M | Current | No | 1.49x | 86% |
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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2022-C16 | 1 | $76,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Houston-Pasadena-The Woodlands loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Katy Mills | Katy, TX | Retail | $123.0M | 5.767% | Aug 2032 | 3.63x | 93% | Current |
| The Kirby Collection | Houston, TX | Mixed use | $95.7M | 2.94% | Jan 2032 | 4.64x | 86% | Current |
| Plaza on Richmond | Houston, TX | Retail | $44.0M | 5.595% | Aug 2032 | 1.61x | 84% | Current |
| Total Plaza | Houston, TX | Office | $32.5M | 4.771% | Apr 2032 | 1.37x | 81% | Current |
| Midtown Central Square | Houston, TX | Office | $30.7M | 5.08% | Mar 2032 | 1.83x | 78% | With the special servicer and 30-59 days delinquent |
| Creekside Apartments | Baytown, TX | Multifamily | $30.6M | 6.02% | Aug 2032 | n/a | n/a | Current |
| Fresenius - Houston | Houston, TX | Retail | $29.6M | 4.14% | Jan 2032 | n/a | n/a | Current |
| Weston at Copperfield | Houston, TX | Multifamily | $28.0M | 4.296% | Apr 2032 | 1.90x | 91% | Current |
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.