Retail · Spring, Texas
Spring Park Village - Tx
Spring Park Village - Tx is financed with a $3.1M CMBS loan at 5.305% that reaches maturity on October 11, 2028, in 23 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
- $3,080,000
- Original balance (same notes)
- $3,080,000
- Interest rate
- 5.305% fixed
- Originated
- September 24, 2018
- Maturity
- October 11, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- July 10, 2028
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 19752 North Freeway, Spring, TX 77373
- Metro
- Houston-Pasadena-The Woodlands, TX
- Rentable area
- 10,433 sq ft
- Built
- 2008
- Largest tenants
- New Cingular Wireless Pcs LLC dba Cingular Wirele; Texas State Optical; Starbucks Coffee Co.
- Value at securitization
- $5.3M (Aug 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.89x | 2.15x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $313K | $357K |
| Debt yield | 11.6% |
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 2018-BNK15 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% above the underwritten figure ($357K a year against $313K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.89x at securitization to 2.15x on the latest statements.
- The filing gives Jul 2028 as the lease end date for the largest tenant (New Cingular Wireless Pcs LLC dba Cingular Wirele), before the loan matures. Lenders look hard at that rollover.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.1M | Late payment but less than 30 days delinquent | No | 2.15x | 100% |
| August 2026 | $3.1M | Current | No | 2.18x | 100% |
| June 2026 | $3.1M | Current | No | 2.18x | 100% |
| May 2026 | $3.1M | Current | No | 2.18x | 100% |
| April 2026 | $3.1M | Current | No | 2.22x | 100% |
| March 2026 | $3.1M | Current | No | 2.22x | 100% |
| February 2026 | $3.1M | Current | No | 2.22x | 100% |
| January 2026 | $3.1M | Current | No | 2.22x | 100% |
| December 2025 | $3.1M | Current | No | 2.22x | 100% |
| November 2025 | $3.1M | Current | No | 2.22x | 100% |
| October 2025 | $3.1M | Current | No | 2.23x | 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 |
|---|---|---|---|---|
| BANK 2018-BNK15 | 52 | $3,080,000 | Sep 2026 | SEC filing, September 29, 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.