Multifamily · San Marcos, Texas
The Mirage at San Marcos
The Mirage at San Marcos is financed with a $35.0M CMBS loan at 5.265% that reaches maturity on May 6, 2031, in 4 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $35,000,000
- Original balance (same notes)
- $35,000,000
- Interest rate
- 5.265% fixed
- Originated
- April 7, 2026
- Maturity
- May 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 5, 2031
- Master servicer
- Trimont LLC
- Originator
- BSPRT CMBS Finance, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1610 North Interstate 35, San Marcos, TX 78666
- Metro
- Austin-Round Rock-San Marcos, TX
- Units, rooms or beds
- 816
- Built
- 2003, renovated 2025
- Value at securitization
- $61.0M (Feb 2026)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.94x | n/a |
| Occupancy | 96% | n/a |
| Net operating income | $3.6M | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2026-5C41 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 5 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $35.0M | Current | No | n/a | n/a |
| August 2026 | $35.0M | Current | No | n/a | n/a |
| July 2026 | $35.0M | Current | No | n/a | n/a |
| June 2026 | $35.0M | Current | No | n/a | n/a |
| May 2026 | $35.0M | Payment not received but still in grace period or not yet due | 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 2026-5C41 | 3 | $35,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Austin-Round Rock-San Marcos loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Domain | Austin, TX | Retail | $210.0M | 3.094% | Jul 2031 | 6.51x | 98% | Current |
| 111 Congress | Austin, TX | Office | $116.5M | 7.135% | Aug 2031 | n/a | n/a | Current |
| Frontera Crossing | Austin, TX | Office | $27.6M | 7.366% | May 2031 | n/a | n/a | Current |
| Crescent Shopping Center | Austin, TX | Retail | $24.4M | 4.355% | May 2031 | 2.99x | 99% | Current |
| North Park Shopping Center, Austin | Austin, TX | Retail | $14.5M | 6.28% | Jul 2031 | n/a | n/a | Current |
| Round Rock | Round Rock, TX | Office | $12.2M | 3.92% | Feb 2031 | n/a | n/a | Current |
| Shepherd Mountain Plaza | Austin, TX | Office | $11.5M | 2.68% | Oct 2031 | 3.30x | 85% | Current |
| 8900 South Congress | Austin, TX | Retail | $9.6M | 3.839% | Dec 2031 | 2.04x | 100% | Current |
All loans maturing in 2031 · 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 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.