Multifamily · Houston, Texas
Witte Oaks Apartments
Witte Oaks Apartments is financed with a $6.8M CMBS loan at 7.25% that reaches maturity on May 6, 2035, in 8 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
- $6,750,000
- Original balance (same notes)
- $6,750,000
- Interest rate
- 7.25% fixed
- Originated
- May 6, 2025
- Maturity
- May 6, 2035
- Payments
- Interest only for the full term
- Prepayment lockout ends
- June 5, 2027
- Prepayment premium ends
- February 5, 2035 (yield maintenance)
- Master servicer
- Midland
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 1651 Witte Road, Houston, TX 77080
- Metro
- Houston-Pasadena-The Woodlands, TX
- Units, rooms or beds
- 123
- Built
- 1964
- Value at securitization
- $10.9M (Apr 2025)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.39x | 1.41x |
| Occupancy | 92% | 89% |
| Net operating income (annualized from 6 months) | $688K | $1.4M |
| Debt yield | 20.9% |
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 Morgan Stanley Bank of America Merrill Lynch Trust 2025-C35 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.
What the filing shows
- Occupancy has fallen from 92% when the loan was securitized to 89%.
- Net operating income is 105% above the underwritten figure ($1.4M a year against $688K; the latest statement covers 6 months, annualized).
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.8M | Current | No | 1.41x | 89% |
| August 2026 | $6.8M | Current | No | n/a | n/a |
| July 2026 | $6.8M | Current | No | n/a | n/a |
| June 2026 | $6.8M | Current | No | n/a | n/a |
| May 2026 | $6.8M | Current | No | n/a | n/a |
| April 2026 | $6.8M | Current | No | n/a | n/a |
| March 2026 | $6.8M | Current | No | n/a | n/a |
| February 2026 | $6.8M | Current | No | n/a | n/a |
| January 2026 | $6.8M | Current | No | n/a | n/a |
| December 2025 | $6.8M | Current | No | n/a | n/a |
| November 2025 | $6.8M | Current | No | n/a | n/a |
| October 2025 | $6.8M | 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.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Morgan Stanley Bank of America Merrill Lynch Trust 2025-C35 | 26 | $6,750,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Houston-Pasadena-The Woodlands loans due in 2035
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Houston Multifamily Portfolio | Houston, TX | Multifamily | $36.0M | 7.05% | Dec 2035 | n/a | n/a | Current |
| Rosenberg HQ Property | Rosenberg, TX | Industrial | $28.9M | 6.65% | Feb 2035 | n/a | n/a | Current |
| Innsbruck-Lemoyne Apartments | Houston, TX | Multifamily | $25.3M | 7.605% | Jan 2035 | n/a | n/a | Current |
| Porterwood Shopping Center | Porter, TX | Retail | $11.5M | 6.48% | Dec 2035 | n/a | n/a | Current |
| Dublin Court Industrial | Stafford, TX | Industrial | $8.5M | 7.27% | Feb 2035 | n/a | n/a | Current |
| Hampton Inn Houston Airport, Humble | Humble, TX | Hotel | $6.2M | 8.115% | Jan 2035 | -0.69x | 72% | Current |
| PrimeWest Warehouse | Katy, TX | Industrial | $5.0M | 6.75% | Jun 2035 | 1.19x | 100% | Current |
| Katy Fort Bend Business Park | Katy, TX | Industrial | $4.8M | 6.698% | Nov 2035 | 1.43x | n/a | Current |
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.