Track record

Every ALERT, and what happened next

Labels are replayed month by month from the loan filings we retain, so each property shows the first month it met an ALERT trigger. One row per property, all notes combined.

Properties flagged ALERT

24

Balance at first ALERT

$811.1M

Now with special servicer

14 of 24

Replayed since

04/2026

14 of 24 flagged properties have since moved to, or remain with, the special servicer. Verified sales recorded so far: 0. A sale is counted only with a dated deed, note sale or foreclosure record; a payoff or a loan leaving a filing is not treated as a trade, so this number grows as outcomes close. Replay begins with the earliest monthly filing retained for each loan.

PropertyFirst ALERTTriggerBalance at ALERTServicing nowLabel nowVerified outcomeDiscount
La Primavera
Houston, Harris County
04/2026Value 30%+ below securitizationNot reportedPerformingALERTPendingn/a
BLE Portfolio
Houston, Harris County, 3 properties
04/2026Value 30%+ below securitizationNot reportedPerformingALERTPendingn/a
Orbit Apartments
Austin, Travis County, 2 notes
04/2026Value 30%+ below securitization$110MSpecially servicedALERTPendingn/a
Providence At Memorial
Houston, Harris County
04/2026Value 30%+ below securitization$76MPerformingALERTPendingn/a
Falls Houston Multifamily Portfolio
Houston, Harris County, 3 properties
04/2026Value 30%+ below securitization$63.3MSpecially servicedALERTPendingn/a
Domain At Waco
Waco, McLennan County, 2 notes
04/2026Value 30%+ below securitization$55MSpecially servicedALERTPendingn/a
Langdon at Walnut Park
Austin, Travis County
04/2026Value 30%+ below securitization$55MSpecially servicedALERTPendingn/a
Rockridge Apartments
Houston, Harris County
04/2026Value 30%+ below securitization$54MSpecially servicedALERTPendingn/a
Ella Lofts
San Marcos, Hays County, 2 notes
04/2026Value 30%+ below securitization$47.1MPerformingALERTPendingn/a
The Pointe & Oak Shadows
Harris County, 2 properties, 2 notes
04/2026Paid-through 6+ months stale$44.9MSpecially servicedALERTPendingn/a
Oak Glen Apartments
Houston, Harris County
04/2026Value 30%+ below securitization$30.8MPerformingALERTPendingn/a
Horizon Apartments
Baytown, Harris County
04/2026Value 30%+ below securitization$25.3MPerformingALERTPendingn/a
Mustang Village
Wichita Falls, Wichita County
04/2026Value 30%+ below securitization$25.1MPerformingALERTPendingn/a
Falls of Deer Park Apartments
Pasadena, Harris County
04/2026Paid-through 6+ months stale$25.0MSpecially servicedALERTPendingn/a
Deerfield Apartments
Houston, Harris County
04/2026Value 30%+ below securitization$22.6MPerformingALERTPendingn/a
Sentral At Austin 1614
Austin, Travis County
04/2026Value 30%+ below securitization$20MPerformingALERTPendingn/a
Falls of West Oaks
Houston, Harris County
04/2026Paid-through 6+ months stale$18.3MSpecially servicedALERTPendingn/a
Oakridge Apartments
Amarillo, Potter County
04/2026Value 30%+ below securitization$13.8MSpecially servicedALERTPendingn/a
Legends At Kingsville
Kingsville, Kleberg County
04/2026Paid-through 6+ months stale$12.7MSpecially servicedALERTPendingn/a
Tanglewood North
Odessa, Ector County
04/2026Value 30%+ below securitization$10.8MPerformingALERTPendingn/a
The Quarter
San Antonio, Bexar County
04/2026Value 30%+ below securitization$7.6MSpecially servicedALERTPendingn/a
Falls Of Westpark
Houston, Harris County
05/2026Value 30%+ below securitization$26.3MSpecially servicedALERTPendingn/a
Waterford Grove Apartments
Houston, Harris County
07/2026Value 30%+ below securitization$60MSpecially servicedALERTPendingn/a
Parker Square Apartments
Houston, Harris County
08/2026Paid-through 6+ months stale$7.6MSpecially servicedALERTPendingn/a

Method

ALERT triggers: paid-through date six or more months behind the reporting month, or the latest value at least 30 percent below the value at securitization. Balance is the reported unpaid balance in the first ALERT month, summed across notes on the property. Discount equals balance at ALERT minus verified outcome price, divided by balance at ALERT. No estimate, appraisal or listing price is substituted for a realized outcome.

Read signal methodology