Loan portfolio exposure: Southeast and Texas

36 listings

Commercial loans by property type, balance and maturity over states shaded by share of the portfolio. Sample data: invented borrowers, illustrative figures.

• Main Street Tower

  1000 Main St, Houston, TX 77002, USA

  $38,500,000 · Special mention

  Class B downtown office, 71% leased. The anchor law firm (22% of rent) expires in 2027 with no renewal notice. Below-grade parking in a flood-prone block; sponsor is a regional family office.

• Clinton Drive Cold Storage

  5000 Clinton Dr, Houston, TX 77020, USA

  $21,400,000 · Pass

  Temperature-controlled warehouse, 312,000 sq ft, on a 12-year lease to a regional grocery distributor. Flood zone AE, so elevated docks and a flood policy are required covenants.

• McKinney Avenue Lofts

  3100 McKinney Ave, Dallas, TX 75204, USA

  $29,800,000 · Pass

  286 units in Uptown, 94% occupied, average rent up 4% year over year. Interest-only period ends in 2027, which is the date to watch for debt service.

• Commerce Street Grand

  1321 Commerce St, Dallas, TX 75202, USA

  $33,000,000 · Watch

  Historic 430-room downtown hotel. RevPAR is recovering but group bookings are still 18% below the 2019 level. Debt matures in 2027 and the sponsor has asked for a 12-month extension.

• Congress Avenue Plaza

  100 Congress Ave., Austin, TX 78701, USA

  $42,000,000 · Pass

  Trophy tower near the Capitol, 88% leased to law, lobbying and tech tenants. Weighted average lease term is 6.4 years; sponsor is an institutional fund with a 15% guarantee.

• Quarry Market Center

  255 E Basse Rd, San Antonio, TX 78209, USA

  $18,200,000 · Pass

  Open-air lifestyle center in a former cement quarry, 96% leased. Anchored by a grocer and a 14-screen cinema; two small-shop leases roll in 2027.

• Alta Mesa Distribution

  3000 Altamesa Blvd, Fort Worth, TX 76133, USA

  $15,600,000 · Pass

  Cross-dock building with 64 doors, 100% leased to two third-party logistics firms through 2031. Inland location, flood zone X, clean Phase I.

• Seawall Beach Resort

  2301 Seawall Blvd, Galveston, TX 77550, USA

  $24,500,000 · Special mention

  312-key beachfront resort on the Gulf side of the seawall. Coastal windstorm premium rose 41% at last renewal; DSCR is below covenant and a hurricane repair reserve is not yet funded.

• Brickell Financial Center

  1111 Brickell Ave, Miami, FL 33131, USA

  $47,000,000 · Watch

  Brickell tower, 83% leased, with three finance tenants taking 31% of the space. Two of the three have leases rolling within 18 months. Flood zone AE at street level; mechanical rooms are on the roof.

• Bayshore Residences

  Quantum on the Bay, 1900 N Bayshore Dr, Miami, FL 33132, USA

  $36,800,000 · Watch

  392-unit high-rise on Biscayne Bay, 91% occupied. Condo-style insurance costs have doubled in two years, which is what pulled DSCR under 1.15. Flood zone AE.

• Collins Avenue Beach Hotel

  1601 Collins Ave, Miami Beach, FL 33139, USA

  $39,500,000 · Watch

  Oceanfront 220-room hotel in the Art Deco district. Occupancy is seasonal and windstorm coverage is renewed each June; a Category 3 storm closes it for an estimated nine months.

• Westshore Plaza Center

  2223 N Westshore Blvd, Tampa, FL 33607, USA

  $26,700,000 · Pass

  Regional shopping center near the airport, 92% leased, with two department store tenants on long leases. Flood zone X shaded, but the site sits in the Tampa Bay storm-surge evacuation area.

• Conroy Road Shops

  4200 Conroy Rd, Orlando, FL 32839, USA

  $17,400,000 · Pass

  Tourist-corridor shopping center, 97% leased, with half of sales from international visitors. Inland, flood zone X, roof replaced in 2024.

• Independent Drive Office Park

  1 E Independent Dr, Jacksonville, FL 32202, USA

  $19,900,000 · Watch

  Downtown riverfront office, 74% leased, mostly insurance and banking back-office tenants. A 90,000 sq ft tenant gave notice for 2027; the sponsor is marketing the floors.

• Eller Drive Port Logistics

  Port Everglades Terminal 25, 1850 Eller Dr, Fort Lauderdale, FL 33316, USA

  $28,300,000 · Pass

  Port-adjacent warehouse and container yard, 100% leased to a freight forwarder through 2033. Flood zone AE; the storm plan includes moving equipment 48 hours before landfall.

• Colonial Gardens Apartments

  2200 Colonial Blvd, Fort Myers, FL 33907, USA

  $14,500,000 · Watch

  180-unit garden community, 87% occupied since storm repairs closed 22 units. Flood zone AE, and insurance proceeds still cover only part of the rebuild.

• Doral Logistics Center

  3600 NW 82nd Ave, Doral, FL 33166, USA

  $22,100,000 · Pass

  Three-building distribution campus, 98% leased to Latin American importers. Close to the airport; flood zone AH with a sump system maintained by the borrower.

• Peachtree Street Tower

  191 Peachtree St NE, Atlanta, GA 30308, USA

  $34,000,000 · Pass

  Downtown Atlanta tower, 79% leased. A corporate headquarters tenant holds 38% of rent through 2032; sponsor is a REIT with a $10 million repayment guarantee.

• Midtown Terrace

  1201 Peachtree St NE, Atlanta, GA 30309, USA

  $27,400,000 · Pass

  262-unit Midtown apartments, 95% occupied, three blocks from the rail station. Fixed rate through maturity; rent growth is running ahead of underwriting.

• Garden City Port Warehouse

  2 Main St, Garden City, GA 31408, USA

  $31,500,000 · Pass

  1.1 million sq ft import distribution center near the container terminal, fully leased to two retailers. Flood zone AE, with docks raised 4 feet above the base elevation.

• Harbor Pointe Hotel

  100 General McIntosh Blvd, Savannah, GA 31401, USA

  $16,800,000 · Pass

  Riverfront 200-room hotel in the historic district. Strong weekend demand, weak midweek. Flood zone AE and a tidal-surge risk addressed by a flood wall installed in 2023.

• McDowell Street Flats

  600 S McDowell St, Charlotte, NC 28202, USA

  $23,600,000 · Pass

  240 units in South End, 92% occupied. New supply of about 1,800 units within a mile is pressuring concessions; sponsor posted a 12-month interest reserve.

• Riverwalk Hotel

  301 N Water St, Wilmington, NC 28401, USA

  $13,200,000 · Watch

  Downtown riverfront hotel with 270 rooms, built around meetings and weddings. Flood zone AE on the Cape Fear River; a hurricane closure cost the prior year two months of revenue.

• Perimeter Park Flex

  1000 Perimeter Park Dr, Morrisville, NC 27560, USA

  $11,700,000 · Pass

  Research Triangle flex and light-industrial buildings, 94% leased to biotech and device firms. Inland, flood zone X; tenants have average remaining terms of 4.8 years.

• Meeting Street Inn

  205 Meeting St, Charleston, SC 29401, USA

  $25,800,000 · Watch

  Luxury 430-room hotel near the market. The site floods in heavy tides and rain, and the borrower must keep flood insurance at the full loan balance.

• Main Street Residences

  220 N Main St, Greenville, SC 29601, USA

  $12,900,000 · Pass

  Downtown 140-unit mid-rise, 97% occupied, in a market with a growing employer base. Inland location, flood zone X.

• Twentieth Street Center

  420 20th St N, Birmingham, AL 35203, USA

  $21,300,000 · Watch

  Class A office tower, 76% leased to banking and healthcare tenants. The largest tenant has a 2028 termination option; sponsor is a local group with limited liquidity.

• Water Street Terminal Warehouse

  250 N Water St, Mobile, AL 36602, USA

  $13,400,000 · Pass

  Port-adjacent warehouse, 100% leased to a steel importer. Flood zone VE on the bay side; the borrower carries named-storm coverage with a 5% deductible.

• Demonbreun Street Apartments

  1201 Demonbreun St, Nashville, TN 37203, USA

  $31,200,000 · Pass

  300-unit apartments in Midtown Nashville, 93% occupied with 6% annual rent growth. Sponsor holds nine other properties with us; combined exposure is on the sponsor view.

• Winchester Road Logistics

  4250 Winchester Rd, Memphis, TN 38118, USA

  $19,500,000 · Pass

  Rail-served distribution center near the airport hub, 100% leased through 2032. Inland, flood zone X, and a low-concentration tenant roster.

• Parkside Drive Shopping Center

  11201 Parkside Dr, Knoxville, TN 37934, USA

  $9,800,000 · Watch

  Neighborhood center, 89% leased. The grocery anchor's lease ends in 2029, and the shop vacancy is up from 4% to 11% in a year; maturity is within 13 months.

• Poydras Street Riverfront Hotel

  2 Poydras St, New Orleans, LA 70130, USA

  $35,200,000 · Special mention

  1,200-room convention hotel. Debt matures in 2027 and DSCR sits under covenant after two quiet convention years. Flood zone AE behind the river levee; wind deductible is 5% of insured value.

• Main Street Office Center

  One American Place, 301 Main St, Baton Rouge, LA 70802, USA

  $16,300,000 · Pass

  Downtown office building, 82% leased with state agency and energy tenants. Agency leases carry termination rights tied to budget appropriations.

• Port District Cold Storage

  2510 14th St, Gulfport, MS 39501, USA

  $8,600,000 · Pass

  Cold-storage facility in the port district, 100% leased to a seafood and poultry exporter. Flood zone VE with backup generators on site; it is our only Mississippi loan.

• Waterside Office Tower

  Dominion Tower, 999 Waterside Dr, Norfolk, VA 23510, USA

  $18,900,000 · Watch

  Waterfront office tower, 80% leased to defense contractors and port services. Recurrent tidal flooding affects the ground floor; maturity is under 9 months away.

• Franklin Street Lofts

  501 E Franklin St, Richmond, VA 23219, USA

  $12,400,000 · Pass

  Adaptive-reuse apartments, 118 units, 96% occupied. Inland site on higher ground, with tax credits supporting the debt service.