Office · Frisco, Texas
Tower at Frisco Square
Tower at Frisco Square is financed with a $31.6M CMBS loan at 3.62% that reaches maturity on December 6, 2030, in 4 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $31,563,678
- Original balance (same notes)
- $32,000,000
- Interest rate
- 3.62% fixed
- Originated
- November 10, 2020
- Maturity
- December 6, 2030
- Payments
- Interest only for 61 months, then amortizing
- Prepayment lockout ended
- December 5, 2022
- Prepayment premium ends
- October 5, 2030 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 5757 & 5805 Main Street, Frisco, TX 75034
- Metro
- Dallas-Fort Worth-Arlington, TX
- Rentable area
- 171,080 sq ft
- Built
- 2015
- Largest tenants
- Gearbox Software LLC; OpTic Gaming; K Pitch - Nerdvana Coffee & Food
- Value at securitization
- $49.3M (Oct 2020)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.89x | 2.00x |
| Occupancy | 94% | 87% |
| Net operating income (annualized from 6 months) | $3.3M | $7.1M |
| Debt yield | 22.4% |
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 Benchmark 2020-B21 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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.
What the filing shows
- Occupancy has fallen from 94% when the loan was securitized to 87%.
- Net operating income is 113% above the underwritten figure ($7.1M a year against $3.3M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.89x at securitization to 2.00x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $31.6M | Current | No | 2.00x | 87% |
| August 2026 | $31.6M | Current | No | 1.85x | 87% |
| July 2026 | $31.7M | Current | No | 1.85x | 93% |
| June 2026 | $31.7M | Current | No | 1.85x | 93% |
| May 2026 | $31.8M | Current | No | n/a | n/a |
| April 2026 | $31.8M | Current | No | 2.98x | 93% |
| March 2026 | $31.9M | Current | No | 2.58x | 93% |
| February 2026 | $31.9M | Current | No | 2.58x | 93% |
| January 2026 | $32.0M | Current | No | 2.58x | 93% |
| December 2025 | $32.0M | Current | No | 2.58x | 93% |
| November 2025 | $32.0M | Current | No | 2.58x | 93% |
| October 2025 | $32.0M | Current | No | 2.44x | 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 |
|---|---|---|---|---|
| Benchmark 2020-B21 Mortgage Trust | 10 | $31,563,678 | Sep 2026 | SEC filing, September 28, 2026 |
Other Dallas-Fort Worth-Arlington loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Kpmg Plaza at Hall Arts | Dallas, TX | Office | $111.7M | 3.41% | Jan 2030 | 2.87x | 99% | Current |
| USAA Plano | Plano, TX | Office | $63.6M | 3.624% | Sep 2030 | 1.57x | 100% | Current |
| 6500 South | Dallas, TX | Multifamily | $50.0M | 6.52% | Apr 2030 | 1.39x | 90% | Current |
| Turtle Creek Village Retail | Dallas, TX | Retail | $48.6M | 6.87% | Jun 2030 | n/a | n/a | Current |
| Turtle Creek Village | Dallas, TX | Other | $35.4M | 6.87% | Jun 2030 | 2.94x | 92% | Current |
| Avalon 8801 | Irving, TX | Multifamily | $32.0M | 6.601% | Apr 2030 | 1.34x | 98% | Current |
| Synergy Park | Richardson, TX | Mixed use | $29.2M | 6.28% | Feb 2030 | 3.21x | 100% | Current |
| Tollway Towers | Dallas, TX | Office | $28.9M | 5.29% | Dec 2030 | 1.20x | 67% | Current |
All loans maturing in 2030 · All Dallas-Fort Worth-Arlington 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.