Multifamily · Wichita Falls, Texas
Stone Gate Terrace
Stone Gate Terrace is financed with a $4.3M CMBS loan at 6.55% that reaches maturity on November 6, 2030, in 4 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,275,000
- Original balance (same notes)
- $4,275,000
- Interest rate
- 6.55% fixed
- Originated
- October 24, 2025
- Maturity
- November 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- May 5, 2030
- Master servicer
- Midland
- Originator
- LMF Commercial, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 5201 Central East Freeway, Wichita Falls, TX 76306
- Units, rooms or beds
- 48
- Built
- 2005
- Value at securitization
- $6.4M (Sep 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.32x | n/a |
| Occupancy | 96% | n/a |
| Net operating income | $375K | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2026-5C40 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.
The last 8 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.3M | Current | No | n/a | n/a |
| August 2026 | $4.3M | Current | No | n/a | n/a |
| July 2026 | $4.3M | Current | No | n/a | n/a |
| June 2026 | $4.3M | Current | No | n/a | n/a |
| May 2026 | $4.3M | Current | No | n/a | n/a |
| April 2026 | $4.3M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| March 2026 | $4.3M | Current | No | n/a | n/a |
| February 2026 | $4.3M | 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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2026-5C40 | 43 | $4,275,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Texas loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Wichita Falls Multifamily Portfolio | Wichita Falls, TX | Multifamily | $30.0M | 6.592% | Jul 2030 | 1.54x | 92% | Current |
| Quail Creek Crossing | Wichita Falls, TX | Retail | $21.8M | 6.745% | Oct 2030 | n/a | n/a | Current |
| The Kate | Wichita Falls, TX | Multifamily | $10.5M | 6.84% | Sep 2030 | n/a | n/a | 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.