Multifamily · Houston, Texas
Summerfield Apartments, Houston
Summerfield Apartments is financed with a $6.2M CMBS loan at 7.05% that reaches maturity on July 6, 2034, in 7 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
- $6,230,000
- Original balance (same notes)
- $6,230,000
- Interest rate
- 7.05% fixed
- Originated
- June 28, 2024
- Maturity
- July 6, 2034
- Payments
- Interest only for the full term
- Prepayment lockout ended
- August 5, 2026
- Prepayment premium ends
- March 5, 2034 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 7614 South Gessner Road, Houston, TX 77036
- Metro
- Houston-Pasadena-The Woodlands, TX
- Units, rooms or beds
- 110
- Built
- 1969, renovated 2023
- Value at securitization
- $10.2M (Jun 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.40x | 1.46x |
| Occupancy | 96% | 95% |
| Net operating income (annualized from 6 months) | $626K | $653K |
| Debt yield | 10.5% |
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 BBCMS Mortgage Trust 2024-C28 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 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.2M | Current | No | 1.46x | 95% |
| August 2026 | $6.2M | Current | No | 1.45x | 94% |
| July 2026 | $6.2M | Current | No | 1.45x | 94% |
| June 2026 | $6.2M | Current | No | 1.45x | 94% |
| May 2026 | $6.2M | Current | No | 1.44x | 93% |
| April 2026 | $6.2M | Current | No | 1.43x | 94% |
| March 2026 | $6.2M | Current | No | 1.43x | 94% |
| February 2026 | $6.2M | Current | No | 1.43x | 94% |
| January 2026 | $6.2M | Current | No | 1.43x | 94% |
| December 2025 | $6.2M | Current | No | 1.43x | 94% |
| November 2025 | $6.2M | Current | No | 1.43x | 93% |
| October 2025 | $6.2M | Current | No | 1.43x | 93% |
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 2024-C28 | 27 | $6,230,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Houston-Pasadena-The Woodlands loans due in 2034
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Diamond Ridge Apartments | Houston, TX | Multifamily | $31.0M | 7.235% | Aug 2034 | 1.42x | 92% | Current |
| The Presidio Apartments | Houston, TX | Multifamily | $23.5M | 7.08% | Sep 2034 | 1.21x | 78% | Current |
| Quail Meadows Apartments | Houston, TX | Multifamily | $20.8M | 7.00% | Sep 2034 | 1.43x | 82% | Current |
| Emerald Pointe Apartments, Pasadena | Pasadena, TX | Multifamily | $16.2M | 7.576% | Feb 2034 | 1.48x | 93% | Current |
| Pebble Walk Apartments | Houston, TX | Multifamily | $12.5M | 6.93% | Sep 2034 | n/a | n/a | Current |
| Texas Parkway Shopping Center | Missouri City, TX | Retail | $7.6M | 7.68% | Mar 2034 | 0.62x | 82% | With the special servicer and 90+ days delinquent |
| 1110 Nasa Parkway | Houston, TX | Office | $7.5M | 6.70% | Jun 2034 | n/a | n/a | Current |
| 1120 Nasa Parkway | Houston, TX | Office | $5.4M | 6.75% | Jun 2034 | 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.