Retail · Missouri City, Texas
Texas Parkway Shopping Center
Texas Parkway Shopping Center is financed with a $7.6M CMBS loan at 7.68% that reaches maturity on March 6, 2034, in 7 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $7,575,000
- Original balance (same notes)
- $7,575,000
- Interest rate
- 7.68% fixed
- Originated
- February 23, 2024
- Maturity
- March 6, 2034
- Payments
- Interest only for the full term
- Prepayment lockout ends
- September 5, 2033
- Master servicer
- Trimont LLC
- Originator
- LMF Commercial, LLC
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred August 1, 2025
- Workout strategy
- Foreclosure
- Defeasance
- None reported
The property
- Address
- 2192 Texas Parkway, Missouri City, TX 77489
- Metro
- Houston-Pasadena-The Woodlands, TX
- Rentable area
- 84,331 sq ft
- Built
- 1981
- Largest tenants
- Blink; King Dollar #19; Family Dollar
- Value at securitization
- $15.1M (Nov 2023)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.82x | 0.62x |
| Occupancy | 88% | 82% |
| Net operating income (annualized from 3 months) | $1.1M | $372K |
| Debt yield | 4.9% |
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 BMO 2024-C8 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
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
- Occupancy has fallen from 88% when the loan was securitized to 82%.
- Net operating income is 65% below the underwritten figure ($372K a year against $1.1M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.82x at securitization to 0.62x on the latest statements.
- At 0.62x, the property's reported NOI does not cover its debt service.
- The most recent valuation in the filing is $15.5M (May 13, 2026), against $15.1M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.6M | 90+ days delinquent | Yes | 0.62x | 82% |
| August 2026 | $7.6M | 90+ days delinquent | Yes | 0.62x | 82% |
| July 2026 | $7.6M | 90+ days delinquent | Yes | 1.48x | 82% |
| June 2026 | $7.6M | 60-89 days delinquent | Yes | 1.48x | 82% |
| May 2026 | $7.6M | 30-59 days delinquent | Yes | n/a | n/a |
| April 2026 | $7.6M | 60-89 days delinquent | Yes | n/a | n/a |
| March 2026 | $7.6M | 30-59 days delinquent | Yes | n/a | n/a |
| February 2026 | $7.6M | 60-89 days delinquent | Yes | n/a | n/a |
| January 2026 | $7.6M | 30-59 days delinquent | Yes | n/a | n/a |
| December 2025 | $7.6M | 60-89 days delinquent | Yes | n/a | n/a |
| November 2025 | $7.6M | 30-59 days delinquent | Yes | n/a | n/a |
| October 2025 | $7.6M | Late payment but less than 30 days delinquent | Yes | 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.
Special-servicing history
- Transferred to the special servicer August 1, 2025, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BMO 2024-C8 Mortgage Trust | 17 | $7,575,000 | Sep 2026 | SEC filing, October 2, 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 |
| 1110 Nasa Parkway | Houston, TX | Office | $7.5M | 6.70% | Jun 2034 | n/a | n/a | Current |
| Summerfield Apartments, Houston | Houston, TX | Multifamily | $6.2M | 7.05% | Jul 2034 | 1.46x | 95% | 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.