Multifamily portfolio, 3 properties · San Antonio, Texas
San Antonio Multifamily Trio
This portfolio is financed with a $22.2M CMBS loan at 7.145% that reaches maturity on September 1, 2028, in 22 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $22,200,000
- Original balance (same notes)
- $22,200,000
- Interest rate
- 7.145% fixed
- Originated
- August 29, 2023
- Maturity
- September 1, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 30, 2028
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Metro
- San Antonio-New Braunfels, TX
- Units, rooms or beds
- 452
- Value at securitization
- $31.7M (Jun 2023)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.35x | 1.14x |
| Occupancy | 99% | 86% |
| Net operating income | $2.2M | $1.8M |
| Debt yield | 8.3% |
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 BANK5 2023-5YR3 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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 99% when the loan was securitized to 86%.
- Net operating income is 15% below the underwritten figure ($1.8M a year against $2.2M).
- Debt service coverage moved from 1.35x at securitization to 1.14x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $22.2M | Current | No | 1.14x | 86% |
| August 2026 | $22.2M | Current | No | 1.14x | 86% |
| July 2026 | $22.2M | Current | No | 1.14x | 86% |
| June 2026 | $22.2M | Current | No | 1.14x | 86% |
| May 2026 | $22.2M | Current | No | 1.44x | 89% |
| April 2026 | $22.2M | Current | No | 1.44x | 89% |
| March 2026 | $22.2M | Current | No | 1.44x | 89% |
| February 2026 | $22.2M | Current | No | 1.44x | 89% |
| January 2026 | $22.2M | Current | No | 1.44x | 89% |
| December 2025 | $22.2M | Current | No | 1.44x | 89% |
| November 2025 | $22.2M | Current | No | 1.44x | 89% |
| October 2025 | $22.2M | Current | No | 1.44x | 89% |
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 |
|---|---|---|---|---|
| BANK5 2023-5YR3 | 16 | $22,200,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other San Antonio-New Braunfels loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Ingram Festival Shopping Center | San Antonio, TX | Retail | $23.1M | 4.544% | Jan 2028 | 1.65x | 100% | Current |
| Mccreless Market | San Antonio, TX | Retail | $20.5M | 4.70% | Dec 2028 | 2.61x | 94% | Current |
| Network Crossing | San Antonio, TX | Office | $15.9M | 6.80% | Jan 2028 | 1.57x | 68% | Current |
| Pavilions North Shopping Center | San Antonio, TX | Retail | $15.4M | 4.705% | Nov 2028 | -0.04x | 51% | Current |
| Interstate Plaza | New Braunfels, TX | Retail | $10.4M | 4.81% | Jul 2028 | 1.77x | 100% | Current |
| Plaza Del Rey | Seguin, TX | Retail | $8.7M | 4.92% | Sep 2028 | n/a | n/a | Current |
| Homewood Suites New Braunfels | New Braunfels, TX | Hotel | $8.7M | 5.652% | Jun 2028 | 1.71x | 80% | Current |
| Windbury Apartments | San Antonio, TX | Multifamily | $8.5M | 4.90% | Mar 2028 | 1.47x | 90% | Current |
All loans maturing in 2028 · All San Antonio-New Braunfels 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.