Multifamily portfolio, 2 properties · Texas
The Pointe & Oak Shadows
Public CMBS trusts hold $11.5M of the loan on this portfolio at 6.28% that reaches maturity on May 6, 2029, in 2 years and 6 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
- $11,493,127
- Original balance (same notes)
- $12,000,000
- Interest rate
- 6.28% fixed
- Originated
- April 18, 2024
- Maturity
- May 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- June 5, 2026
- Prepayment premium ends
- February 5, 2029 (yield maintenance)
- Master servicer
- Wells Fargo Bank, NA
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred March 31, 2025
- Workout strategy
- Foreclosure
- Advancing
- The servicer has stopped advancing on this loan (non-recoverable)
- Defeasance
- Partly defeased
The property
- Metro
- Houston-Pasadena-The Woodlands, TX
- Units, rooms or beds
- 700
- Value at securitization
- $72.7M (Dec 2023)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.58x | n/a |
| Occupancy | 98% | n/a |
| Net operating income | $4.7M | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2024-5C27 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Servicer stopped advancing
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 | $11.5M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $11.5M | 90+ days delinquent | Yes | n/a | n/a |
| July 2026 | $11.5M | 90+ days delinquent | Yes | n/a | n/a |
| June 2026 | $11.5M | 90+ days delinquent | Yes | n/a | n/a |
| May 2026 | $11.5M | 90+ days delinquent | Yes | n/a | n/a |
| April 2026 | $11.5M | 90+ days delinquent | Yes | n/a | n/a |
| March 2026 | $11.5M | 90+ days delinquent | Yes | n/a | n/a |
| February 2026 | $11.5M | 90+ days delinquent | Yes | n/a | n/a |
| January 2026 | $11.5M | 90+ days delinquent | Yes | n/a | n/a |
| December 2025 | $11.5M | 90+ days delinquent | Yes | n/a | n/a |
| November 2025 | $11.5M | 90+ days delinquent | Yes | n/a | n/a |
| October 2025 | $11.5M | 90+ 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 March 31, 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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2024-5C27 | 27 | $11,493,127 | Sep 2026 | SEC filing, September 29, 2026 |
Other Houston-Pasadena-The Woodlands loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Woodlands Mall | The Woodlands, TX | Retail | $247.6M | 4.256% | Aug 2029 | 4.02x | 84% | Current |
| Baybrook Mall | Friendswood, TX | Retail | $205.7M | 6.816% | Aug 2029 | 1.65x | 91% | Current |
| 9950 Woodloch | The Woodlands, TX | Office | $127.4M | 7.075% | Jul 2029 | n/a | n/a | Current |
| Cortland West Champions | Houston, TX | Multifamily | $78.4M | 5.893% | Oct 2029 | 1.64x | 91% | Current |
| Verde Apartments | Houston, TX | Multifamily | $78.0M | 6.79% | Dec 2029 | 1.13x | 81% | Current |
| Marqe Entertainment Center | Houston, TX | Retail | $70.0M | 7.27% | Apr 2029 | 1.61x | 99% | Current |
| Falls Houston Multifamily Portfolio | Houston, TX | Multifamily | $63.3M | 6.944% | Jul 2029 | 1.38x | 89% | With the special servicer and 90+ days delinquent |
| NOV Headquarters | Houston, TX | Office | $39.2M | 4.63% | Apr 2029 | 1.83x | 100% | Current |
All loans maturing in 2029 · 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.