Multifamily · Huntsville, Texas
The Armory Student Housing
The Armory Student Housing is financed with a $17.5M CMBS loan at 6.57% that reaches maturity on April 6, 2034, in 7 years and 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $17,500,000
- Original balance (same notes)
- $17,500,000
- Interest rate
- 6.57% fixed
- Originated
- April 2, 2024
- Maturity
- April 6, 2034
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 5, 2034
- Master servicer
- Trimont LLC
- Originator
- Bank of Montreal
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2257 Sam Houston Avenue, Huntsville, TX 77340
- Units, rooms or beds
- 502
- Built
- 2018
- Value at securitization
- $28.4M (Feb 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.88x | 1.50x |
| Occupancy | 94% | 92% |
| Net operating income (annualized from 6 months) | $2.2M | $1.8M |
| Debt yield | 10.1% |
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 BBCMS Mortgage Trust 2024-C26 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Coverage down 0.25x or more from securitization
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 20% below the underwritten figure ($1.8M a year against $2.2M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.88x at securitization to 1.50x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $17.5M | Current | No | 1.50x | 92% |
| August 2026 | $17.5M | Current | No | 1.50x | 92% |
| July 2026 | $17.5M | Current | No | 1.51x | 88% |
| June 2026 | $17.5M | Current | No | 1.51x | 88% |
| May 2026 | $17.5M | Current | No | 1.51x | 88% |
| April 2026 | $17.5M | Current | No | 1.51x | 88% |
| March 2026 | $17.5M | Current | No | 1.51x | 88% |
| February 2026 | $17.5M | Current | No | 1.62x | 91% |
| January 2026 | $17.5M | Current | No | 1.62x | 91% |
| December 2025 | $17.5M | Current | No | 1.75x | 91% |
| November 2025 | $17.5M | Current | No | 1.75x | 91% |
| October 2025 | $17.5M | Current | No | 1.75x | 91% |
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-C26 | 13 | $17,500,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Texas loans due in 2034
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Grapevine Mills | Grapevine, TX | Retail | $250.0M | 6.264% | Jul 2034 | n/a | n/a | Current |
| Dallas Market Center | Dallas, TX | Mixed use | $237.0M | 6.502% | Jun 2034 | n/a | n/a | Current |
| Domain At Waco | Waco, TX | Multifamily | $55.0M | 7.66% | Jun 2034 | n/a | n/a | Current |
| The Riley | Richardson, TX | Multifamily | $53.8M | 7.13% | May 2034 | 1.02x | 84% | With the special servicer and 30-59 days delinquent |
| Diamond Ridge Apartments | Houston, TX | Multifamily | $31.0M | 7.235% | Aug 2034 | 1.42x | 92% | Current |
| Weatherford Ridge | Weatherford, TX | Retail | $29.8M | 6.955% | May 2034 | n/a | n/a | Current |
| Tropicale Foods | Lubbock, TX | Industrial | $29.7M | 6.385% | Nov 2034 | 1.84x | 100% | Current |
| Homewood Suites & Residence Inn Texas Portfolio | TX | Hotel | $29.0M | 7.532% | May 2034 | 1.28x | 86% | Late, less than 30 days |
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.