Multifamily · Houston, Texas
Shenandoah Woods
Shenandoah Woods is financed with a $21.8M CMBS loan at 6.54% that reaches maturity on February 6, 2030, in 3 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $21,750,000
- Original balance (same notes)
- $21,750,000
- Interest rate
- 6.54% fixed
- Originated
- January 24, 2025
- Maturity
- February 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- November 5, 2029
- Master servicer
- Trimont LLC
- Originator
- AREF2
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 4250 West 34th Street, Houston, TX 77092
- Metro
- Houston-Pasadena-The Woodlands, TX
- Units, rooms or beds
- 232
- Built
- 1977, renovated 2021
- Value at securitization
- $38.1M (Nov 2024)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.66x | 1.61x |
| Occupancy | 93% | 90% |
| Net operating income | $2.4M | $2.3M |
| Debt yield | 10.7% |
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 Wells Fargo Commercial Mortgage Trust 2025-5C4 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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.
What the filing shows
- Occupancy has fallen from 93% when the loan was securitized to 90%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $21.8M | Late payment but less than 30 days delinquent | No | 1.61x | 90% |
| August 2026 | $21.8M | Current | No | 1.61x | 90% |
| July 2026 | $21.8M | Current | No | 1.61x | 90% |
| June 2026 | $21.8M | Current | No | 1.61x | 90% |
| May 2026 | $21.8M | Current | No | 1.61x | 90% |
| April 2026 | $21.8M | Current | No | 1.61x | 90% |
| March 2026 | $21.8M | Current | No | 1.62x | 94% |
| February 2026 | $21.8M | Current | No | 1.62x | 94% |
| January 2026 | $21.8M | Current | No | 1.62x | 94% |
| December 2025 | $21.8M | Current | No | 1.62x | 94% |
| November 2025 | $21.8M | Current | No | n/a | n/a |
| October 2025 | $21.8M | 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. 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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2025-5C4 | 10 | $21,750,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Houston-Pasadena-The Woodlands loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 5712 Old River | Old River Winfree, TX | Self storage | $60.0M | 5.808% | Oct 2030 | n/a | n/a | Current |
| Waterford Grove Apartments | Houston, TX | Multifamily | $60.0M | 6.567% | Mar 2030 | 0.88x | 71% | Delinquent |
| Hotel ZaZa | Houston, TX | Hotel | $58.4M | 3.80% | Mar 2030 | 3.56x | 62% | Current |
| Rayford Square | Spring, TX | Retail | $57.6M | 3.595% | Jan 2030 | n/a | n/a | Current |
| Providence at Heights & Legacy at Westchase | Houston, TX | Multifamily | $50.5M | 6.36% | Jun 2030 | 1.18x | 93% | With the special servicer |
| Trails at Dominion Park | Houston, TX | Multifamily | $42.7M | 6.20% | Jan 2030 | n/a | n/a | Current |
| Chasewood Technology Park | Houston, TX | Office | $41.7M | 3.914% | Sep 2030 | 1.97x | 69% | Current |
| Haven at Bellaire | Richmond, TX | Multifamily | $41.6M | 6.262% | Oct 2030 | 1.07x | 91% | With the special servicer and 60-89 days delinquent |
All loans maturing in 2030 · All Houston-Pasadena-The Woodlands 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.