Self storage · Athens, Texas
South Athens Storage
South Athens Storage is financed with a $5.6M CMBS loan at 6.89% that reaches maturity on July 1, 2033, in 6 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,600,000
- Original balance (same notes)
- $5,600,000
- Interest rate
- 6.89% fixed
- Originated
- June 14, 2023
- Maturity
- July 1, 2033
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 28, 2033
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Mortgage Capital Holdings LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 7227 Highway 19 South, Athens, TX 75752
- Rentable area
- 80,885 sq ft
- Units, rooms or beds
- 535
- Built
- 2005, renovated 2020
- Value at securitization
- $9.5M (May 2023)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.38x | 1.19x |
| Occupancy | 90% | 91% |
| Net operating income (annualized from 6 months) | $540K | $467K |
| 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 BANK 2023-BNK46 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
- Net operating income is 14% below the underwritten figure ($467K a year against $540K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.38x at securitization to 1.19x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.6M | Current | No | 1.19x | 91% |
| August 2026 | $5.6M | Current | No | 1.22x | 84% |
| July 2026 | $5.6M | Current | No | 1.24x | 84% |
| June 2026 | $5.6M | Current | No | 1.24x | 84% |
| May 2026 | $5.6M | Current | No | 1.24x | 84% |
| April 2026 | $5.6M | Current | No | 1.24x | 84% |
| March 2026 | $5.6M | Current | No | 1.20x | 85% |
| February 2026 | $5.6M | Current | No | 1.20x | 85% |
| January 2026 | $5.6M | Current | No | 1.20x | 85% |
| December 2025 | $5.6M | Current | No | 1.16x | 88% |
| November 2025 | $5.6M | Current | No | 1.16x | 88% |
| October 2025 | $5.6M | Current | No | 1.16x | 88% |
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 |
|---|---|---|---|---|
| BANK 2023-BNK46 | 23 | $5,600,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Texas loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Muse | Dallas, TX | Multifamily | $81.6M | 7.364% | Oct 2033 | n/a | n/a | With the special servicer |
| Barbours Cut Ios | La Porte, TX | Industrial | $80.7M | 7.20% | Jun 2033 | 1.61x | 100% | Current |
| Cityview Centre | Fort Worth, TX | Retail | $40.0M | 6.00% | Mar 2033 | 1.80x | 94% | Current |
| Lakeside Forest | Houston, TX | Multifamily | $27.4M | 7.264% | Oct 2033 | 1.42x | 87% | Current |
| BLE Portfolio | Houston, TX | Multifamily | $27.3M | 7.264% | Oct 2033 | 1.30x | 91% | Current |
| 303 W Hurst Blvd | Hurst, TX | Industrial | $26.5M | 7.27% | May 2033 | 1.58x | 100% | Current |
| La Primavera | Houston, TX | Multifamily | $25.5M | 7.532% | Nov 2033 | 1.34x | 89% | Current |
| Magnolia Cove Apartments, Houston | Houston, TX | Multifamily | $23.0M | 7.28% | Nov 2033 | 1.51x | 96% | 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.