Multifamily · Houston, Texas
Quail Meadows Apartments
Quail Meadows Apartments is financed with a $20.8M CMBS loan at 7.00% that reaches maturity on September 6, 2034, in 7 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $20,750,000
- Original balance (same notes)
- $20,750,000
- Interest rate
- 7.00% fixed
- Originated
- August 23, 2024
- Maturity
- September 6, 2034
- Payments
- Interest only for the full term
- Master servicer
- KeyBank Real Estate Capital
- Originator
- SMC
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 10201 Telephone Road, Houston, TX 77075
- Metro
- Houston-Pasadena-The Woodlands, TX
- Units, rooms or beds
- 356
- Built
- 1971
- Value at securitization
- $32.8M (Jul 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.43x |
| Occupancy | 95% | 82% |
| Net operating income (annualized from 6 months) | n/a | $2.1M |
| Debt yield | 10.2% |
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 BMO 2024-C10 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Occupancy down 10 points 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
- Occupancy has fallen from 95% when the loan was securitized to 82%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $20.8M | Not reported | No | 1.43x | 82% |
| August 2026 | $20.8M | Not reported | No | 1.71x | 84% |
| July 2026 | $20.8M | Not reported | No | 1.76x | 84% |
| June 2026 | $20.8M | Not reported | No | 1.76x | 91% |
| May 2026 | $20.8M | Not reported | No | 1.76x | 91% |
| April 2026 | $20.8M | Not reported | No | 1.61x | 91% |
| March 2026 | $20.8M | Not reported | No | 1.51x | 91% |
| February 2026 | $20.8M | Not reported | No | 1.51x | 91% |
| January 2026 | $20.8M | Not reported | No | 1.62x | 91% |
| December 2025 | $20.8M | Not reported | No | 1.62x | 94% |
| November 2025 | $20.8M | Not reported | No | 1.62x | 94% |
| October 2025 | $20.8M | Not reported | No | 1.62x | 94% |
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 |
|---|---|---|---|---|
| BMO 2024-C10 Mortgage Trust | 16 | $20,750,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Houston-Pasadena-The Woodlands loans due in 2034
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Diamond Ridge Apartments | Houston, TX | Multifamily | $31.0M | 7.235% | Aug 2034 | 1.42x | 92% | Current |
| The Presidio Apartments | Houston, TX | Multifamily | $23.5M | 7.08% | Sep 2034 | 1.21x | 78% | Current |
| Emerald Pointe Apartments, Pasadena | Pasadena, TX | Multifamily | $16.2M | 7.576% | Feb 2034 | 1.48x | 93% | Current |
| Pebble Walk Apartments | Houston, TX | Multifamily | $12.5M | 6.93% | Sep 2034 | n/a | n/a | Current |
| Texas Parkway Shopping Center | Missouri City, TX | Retail | $7.6M | 7.68% | Mar 2034 | 0.62x | 82% | With the special servicer and 90+ days delinquent |
| 1110 Nasa Parkway | Houston, TX | Office | $7.5M | 6.70% | Jun 2034 | n/a | n/a | Current |
| Summerfield Apartments, Houston | Houston, TX | Multifamily | $6.2M | 7.05% | Jul 2034 | 1.46x | 95% | Current |
| 1120 Nasa Parkway | Houston, TX | Office | $5.4M | 6.75% | Jun 2034 | n/a | n/a | 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.