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Houston's 11 Largest Delinquent Commercial Loans

Across the country, $21.2B of CMBS loans—4.22%—are underwater, with about $1.7B about to become delinquent. The delinquency rate is a full 136 bps lower than last year, although it's been ticking back up since February. All things considered, major Houston assets have thus far avoided calamity. Unfortunately, these 11 properties, below listed from smallest to largest loan, have not.

Marina Gate Shopping Center

1010 East NASA

Address: 1010 East NASA Rd, Webster

Property Type: Retail

Current Balance: $5.1M

Delinquency Status: Non-performing matured balloon

Venture Tech Building

8708 Technology Drive

Address: 8708 Technology Forest Place, The Woodlands

Property Type: Office

Current Balance: $5.3M

Delinquency Status: 90+ days delinquent

Lantern Bend Medical

411 Lantern Bend

Address: 411 Lantern Bend, Houston

Property Type: Office

Current Balance: $6.5M

Delinquency Status: REO

Gray Falls Center

12000 Westheimer

Address: 12000 Westheimer, Houston

Property Type: Office

Current Balance: $6.7M

Delinquency Status: REO

FMC Technologies Building

14741 Yorktown

Address: 14741 Yorktown, Houston

Property Type: Office

Current Balance: $7.6M

Delinquency Status: REO

Northwood Village

351 Greens Road

Address: 351 Greens Rd, Houston

Property Type: Retail

Current Balance: $7.6M

Delinquency Status: Foreclosure

West Oaks Plaza

2703 State Highway 6

Address: 2703 State Highway 6, Houston

Property Type: Retail

Current Balance: $8.6M

Delinquency Status: REO

Northborough Tower

100 Glenborough

Address: 100 Glenborough, Houston

Property Type: Office

Current Balance: $8.9M

Delinquency Status: Foreclosure

Woodforest Shopping Center

11054 East Freeway

Address: 11054 East Fwy, Houston 

Property Type: Retail

Current Balance: $10.8M

Delinquency Status: Foreclosure

13333 Northwest Crossing

13333 Northwest Freeway

Property Type: Office

Current Balance: $14.3M

Delinquency Status: Foreclosure

9720 Cypresswood

9720 Cypresswood

Property Type: Office

Current Balance: $17.7M

Delinquency Status: REO

All data obtained from Trepp Research

Related Topics: CMBS, Delinquent loans