Multifamily · Austin, Texas
Texan Pearl
Texan Pearl is financed with a $13.0M CMBS loan at 5.434% that reaches maturity on March 6, 2027, in 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $13,000,000
- Original balance (same notes)
- $13,000,000
- Interest rate
- 5.434% fixed
- Originated
- March 3, 2017
- Maturity
- March 6, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 5, 2027
- Master servicer
- Midland
- Originator
- JLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2515 Pearl Street, Austin, TX 78705
- Metro
- Austin-Round Rock-San Marcos, TX
- Units, rooms or beds
- 78
- Built
- 2008
- Value at securitization
- $19.4M (Feb 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.35x | 2.26x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $969K | $3.3M |
| Debt yield | 25.1% |
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 COMM 2017-COR2 Mortgage Trust filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
- Matures within 12 months
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 236% above the underwritten figure ($3.3M a year against $969K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.35x at securitization to 2.26x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $13.0M | Current | No | 2.26x | 100% |
| August 2026 | $13.0M | Current | No | 2.26x | 100% |
| July 2026 | $13.0M | Current | No | n/a | n/a |
| June 2026 | $13.0M | Current | No | n/a | n/a |
| May 2026 | $13.0M | Current | No | n/a | n/a |
| April 2026 | $13.0M | Current | No | 1.77x | n/a |
| March 2026 | $13.0M | Current | No | 1.77x | n/a |
| February 2026 | $13.0M | Current | No | 1.77x | n/a |
| January 2026 | $13.0M | Current | No | 1.76x | 100% |
| December 2025 | $13.0M | Current | No | 1.76x | 100% |
| November 2025 | $13.0M | Current | No | 2.00x | 100% |
| October 2025 | $13.0M | Current | No | 2.00x | 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 |
|---|---|---|---|---|
| COMM 2017-COR2 Mortgage Trust | 25 | $13,000,000 | Sep 2026 | SEC filing, September 25, 2026 |
Other Austin-Round Rock-San Marcos loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Villas At San Gabriel | Austin, TX | Multifamily | $40.4M | 4.886% | Oct 2027 | 2.54x | 41% | Current |
| Hotel Indigo/Holiday Inn Express & Suites | Austin, TX | Hotel | $39.7M | 4.92% | Aug 2027 | 0.85x | 71% | Current |
| 2010 South Lamar Blvd | Austin, TX | Mixed use | $32.1M | 4.13% | Oct 2027 | n/a | n/a | Current |
| Holiday Inn Austin-Town Lake | Austin, TX | Hotel | $26.0M | 4.90% | Jun 2027 | 1.30x | 65% | With the special servicer |
| San Mar Plaza | San Marcos, TX | Retail | $16.8M | 4.725% | Oct 2027 | 2.18x | 100% | Current |
| Balcones Woods Shopping Center | Austin, TX | Retail | $16.4M | 4.70% | Jun 2027 | 2.06x | 95% | Current |
| Southridge Plaza Austin | Austin, TX | Retail | $14.2M | 4.20% | Sep 2027 | 3.83x | 100% | Current |
| Lohmans Crossing | Lakeway, TX | Retail | $12.6M | 4.93% | Jun 2027 | 1.28x | 94% | Current |
All loans maturing in 2027 · All Austin-Round Rock-San Marcos loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.