Industrial portfolio, 16 properties · Houston, Texas
Washington Avenue Properties
Public CMBS trusts hold $26.0M of the loan on this portfolio at 3.40% that reaches maturity on October 6, 2029, in 2 years and 11 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $26,000,000
- Original balance (same notes)
- $26,000,000
- Interest rate
- 3.40% fixed
- Originated
- October 4, 2019
- Maturity
- October 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- July 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- Argentic Real Estate Finance LLC
Status
- Payment status
- Payment not received but still in grace period or not yet due. (code A)
- Special servicing
- Transferred April 7, 2023, returned November 6, 2023
- Workout strategy
- Resolved
- Defeasance
- None reported
The property
- Address
- 5002, 5023, 5101, 5102, 5219, 5316, 5317 and 5334 Washington Avenue, Houston, TX 77007
- Metro
- Houston-Pasadena-The Woodlands, TX
- Value at securitization
- $60.3M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $4.1M | $3.8M |
| Debt yield | 14.7% |
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 GS Mortgage Securities Trust 2019-GSA1 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 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
- Net operating income is 7% below the underwritten figure ($3.8M a year against $4.1M).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Washington Avenue Properties | Houston, TX | Mixed Use | n/a | n/a |
| 319 Saint Emanuel | Houston, TX | Industrial | 55% | 2.84x |
| 16210 Clay Road | Houston, TX | Industrial | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $26.0M | Payment not received but still in grace period or not yet due | No | n/a | n/a |
| September 2026 | $26.0M | Current | No | n/a | n/a |
| August 2026 | $26.0M | Current | No | n/a | n/a |
| July 2026 | $26.0M | Current | No | n/a | n/a |
| June 2026 | $26.0M | Current | No | n/a | n/a |
| May 2026 | $26.0M | Current | No | n/a | n/a |
| April 2026 | $26.0M | Current | No | n/a | n/a |
| March 2026 | $26.0M | Current | No | n/a | n/a |
| February 2026 | $26.0M | Current | No | n/a | n/a |
| January 2026 | $26.0M | Current | No | n/a | n/a |
| December 2025 | $26.0M | Current | No | n/a | n/a |
| November 2025 | $26.0M | Current | 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.
Special-servicing history
- Transferred to the special servicer April 7, 2023, returned to the master servicer November 6, 2023.
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 |
|---|---|---|---|---|
| GS Mortgage Securities Trust 2019-GSA1 | 12 | $26,000,000 | Oct 2026 | SEC filing, October 22, 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 October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.