Multifamily · Houston, Texas
The Onyx
The Onyx is financed with a $38.0M CMBS loan at 3.934% that reaches maturity on December 6, 2031, in 5 years and 1 month. 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
- $38,000,000
- Original balance (same notes)
- $38,000,000
- Interest rate
- 3.934% fixed
- Originated
- December 1, 2021
- Maturity
- December 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- September 5, 2031
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred February 12, 2025
- Workout strategy
- Modification
- Defeasance
- None reported
The property
- Address
- 10300 S Wilcrest Drive, Houston, TX 77099
- Metro
- Houston-Pasadena-The Woodlands, TX
- Units, rooms or beds
- 438
- Built
- 1979, renovated 2019
- Value at securitization
- $60.2M (Oct 2021)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.35x | n/a |
| Occupancy | 96% | n/a |
| Net operating income | $3.6M | n/a |
Watch flags
Computed from the Benchmark 2022-B32 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $38.0M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $38.0M | 60-89 days delinquent | Yes | n/a | n/a |
| July 2026 | $38.0M | 30-59 days delinquent | Yes | n/a | n/a |
| June 2026 | $38.0M | Late payment but less than 30 days delinquent | Yes | n/a | n/a |
| May 2026 | $38.0M | Late payment but less than 30 days delinquent | Yes | n/a | n/a |
| April 2026 | $38.0M | 90+ days delinquent | Yes | n/a | n/a |
| March 2026 | $38.0M | 90+ days delinquent | Yes | n/a | n/a |
| February 2026 | $38.0M | 60-89 days delinquent | Yes | n/a | n/a |
| January 2026 | $38.0M | 30-59 days delinquent | Yes | n/a | n/a |
| December 2025 | $38.0M | Late payment but less than 30 days delinquent | Yes | n/a | n/a |
| November 2025 | $38.0M | Late payment but less than 30 days delinquent | Yes | n/a | n/a |
| October 2025 | $38.0M | Current | 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 February 12, 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 |
|---|---|---|---|---|
| Benchmark 2022-B32 Mortgage Trust | 18 | $38,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Houston-Pasadena-The Woodlands loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 1201 Lake Robbins | The Woodlands, TX | Office | $250.0M | 3.827% | Oct 2031 | 2.84x | 100% | Current |
| 1500 Post Oak Boulevard | Houston, TX | Office | $140.0M | 6.747% | Mar 2031 | n/a | n/a | Current |
| West Memorial Place | Houston, TX | Office | $106.0M | 7.035% | May 2031 | n/a | n/a | Current |
| 2700 Post Property | Houston, TX | Office | $81.5M | 4.46% | Mar 2031 | n/a | n/a | Current |
| HP Plaza | Spring, TX | Office | $79.0M | 7.01% | Jun 2031 | n/a | n/a | Current |
| Waterway Plaza I | The Woodlands, TX | Office | $66.0M | 3.269% | Feb 2031 | 3.74x | 100% | Current |
| Fountains on the Lake | Stafford, TX | Retail | $59.1M | 3.776% | Dec 2031 | 3.70x | 97% | Current |
| Bella Terra | Richmond, TX | Retail | $52.3M | 3.48% | Dec 2031 | 3.12x | 91% | Current |
All loans maturing in 2031 · All Houston-Pasadena-The Woodlands 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.