Retail · Houston, Texas
Shops on Navigation
Shops on Navigation is financed with a $5.9M CMBS loan at 5.31% that reaches maturity on December 6, 2028, in 2 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
- $5,938,691
- Original balance (same notes)
- $6,500,000
- Interest rate
- 5.31% fixed
- Originated
- November 16, 2018
- Maturity
- December 6, 2028
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- October 5, 2028
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2240 Navigation Boulevard, Houston, TX 77003
- Metro
- Houston-Pasadena-The Woodlands, TX
- Rentable area
- 17,888 sq ft
- Built
- 2017
- Largest tenants
- JCJ Wings, LLC dba Big City Wings (t0001586); Frost Bank (t0001061); EADO Family Dental, PLLC (t0001003)
- Value at securitization
- $9.2M (Oct 2018)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.30x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $563K | n/a |
Watch flags
Computed from the Benchmark 2018-B8 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.9M | Current | No | n/a | n/a |
| August 2026 | $5.9M | Current | No | n/a | n/a |
| July 2026 | $6.0M | Current | No | n/a | n/a |
| June 2026 | $6.0M | Current | No | n/a | n/a |
| May 2026 | $6.0M | Current | No | n/a | n/a |
| April 2026 | $6.0M | Current | No | 1.39x | 100% |
| March 2026 | $6.0M | Current | No | 1.41x | 100% |
| February 2026 | $6.0M | Current | No | 1.41x | 100% |
| January 2026 | $6.0M | Current | No | 1.41x | 100% |
| December 2025 | $6.0M | Current | No | 1.41x | 100% |
| November 2025 | $6.0M | Current | No | 1.41x | 100% |
| October 2025 | $6.0M | Current | No | 1.41x | 100% |
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 |
|---|---|---|---|---|
| Benchmark 2018-B8 Mortgage Trust | 38 | $5,938,691 | Sep 2026 | SEC filing, September 28, 2026 |
Other Houston-Pasadena-The Woodlands loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Heritage Plaza, Houston | Houston, TX | Office | $172.0M | 7.63% | May 2028 | 2.13x | 78% | Current |
| Sugar Land Town Square | Sugar Land, TX | Mixed use | $105.0M | 7.966% | Nov 2028 | 1.19x | 69% | Current |
| Rockridge Apartments | Houston, TX | Multifamily | $54.0M | 8.00% | Nov 2028 | 0.44x | 25% | With the special servicer and 90+ days delinquent |
| Pin Oak North Medical Office | Bellaire, TX | Office | $53.6M | 4.647% | Feb 2028 | 0.85x | 66% | With the special servicer and 90+ days delinquent |
| 5444 & 5430 Westheimer | Houston, TX | Office | $51.0M | 4.72% | Nov 2028 | 0.68x | 43% | Current |
| 6330 West Loop South | Bellaire, TX | Office | $48.4M | 8.18% | May 2028 | 1.21x | 88% | Current |
| Victory Lakes | League City, TX | Retail | $39.0M | 5.01% | Oct 2028 | n/a | n/a | Current |
| Market Center at Aliana | Richmond, TX | Retail | $37.0M | 7.03% | Oct 2028 | 1.29x | 95% | Current |
All loans maturing in 2028 · 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.