Hotel · Mackinaw City, Michigan
Baymont Inn & Suites - Mackinaw City
Baymont Inn & Suites - Mackinaw City is financed with a $2.7M CMBS loan at 4.95% that reaches maturity on August 6, 2029, in 2 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $2,710,449
- Original balance (same notes)
- $3,250,000
- Interest rate
- 4.95% fixed
- Originated
- July 19, 2019
- Maturity
- August 6, 2029
- Payments
- Amortizing over 25 years
- Prepayment lockout ends
- May 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- UBS AG
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 109 South Nicolet Street, Mackinaw City, MI 49701
- Units, rooms or beds
- 77
- Built
- 1997, renovated 2015
- Value at securitization
- $5.5M (May 2019)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.36x | 0.48x |
| Occupancy | 86% | 58% |
| Net operating income | $536K | $109K |
| Debt yield | 4.0% |
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 BBCMS Mortgage Trust 2019-C4 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in every report since March 2026.
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 86% when the loan was securitized to 58%.
- Net operating income is 80% below the underwritten figure ($109K a year against $536K).
- Debt service coverage moved from 2.36x at securitization to 0.48x on the latest statements.
- At 0.48x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.7M | Current | No | 0.48x | 58% |
| August 2026 | $2.7M | Current | No | 0.48x | 58% |
| July 2026 | $2.7M | Current | No | 0.48x | 58% |
| June 2026 | $2.7M | Current | No | 0.48x | 58% |
| May 2026 | $2.7M | Current | No | 0.48x | 58% |
| April 2026 | $2.7M | Current | No | 0.48x | 58% |
| March 2026 | $2.8M | Current | No | 0.48x | 58% |
| February 2026 | $2.8M | Current | No | 5.04x | 58% |
| January 2026 | $2.8M | Current | No | 1.22x | 84% |
| December 2025 | $2.8M | Current | No | 1.22x | 84% |
| November 2025 | $2.8M | Current | No | 1.22x | 84% |
| October 2025 | $2.8M | Current | No | 1.22x | 84% |
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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2019-C4 | 67 | $2,710,449 | Sep 2026 | SEC filing, September 29, 2026 |
Other Michigan loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| First National Building | Detroit, MI | Office | $430.0M | 3.778% | Jan 2029 | n/a | n/a | Current |
| FCA USA - Detroit, MI | Detroit, MI | Industrial | $147.9M | 5.744% | Apr 2029 | n/a | n/a | Current |
| Farmers Insurance Corporate Campus | Caledonia, MI | Office | $92.8M | 3.55% | Sep 2029 | 1.60x | 100% | Current |
| Woodland Mall | Kentwood, MI | Retail | $80.0M | 7.35% | Dec 2029 | 2.16x | 95% | Current |
| Bedrock Mixed-Use Portfolio | Detroit, MI | Other | $75.0M | 6.385% | Jun 2029 | 1.64x | 83% | Current |
| Garfield Commons | Clinton Township, MI | Multifamily | $75.0M | 7.32% | Jan 2029 | n/a | n/a | Current |
| Midlink Business Park | Kalamazoo, MI | Office | $70.0M | 6.113% | Nov 2029 | 1.23x | 87% | Current |
| 1040 40th Street SE | Grand Rapids, MI | Industrial | $45.5M | 7.06% | Jun 2029 | 1.34x | 100% | 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.