Hotel · Chalmette, Louisiana
Best Western Plus - Chalmette
Best Western Plus - Chalmette is financed with a $4.5M CMBS loan at 5.416% that reaches maturity on December 1, 2027, in 13 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,461,789
- Original balance (same notes)
- $5,600,000
- Interest rate
- 5.416% fixed
- Originated
- November 21, 2017
- Maturity
- December 1, 2027
- Payments
- Amortizing over 25 years
- Prepayment lockout ended
- January 31, 2020
- Prepayment premium ends
- September 30, 2027 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- JPMorgan Chase Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently June 1, 2020
- Defeasance
- Partly defeased
The property
- Address
- 3400 Paris Road, Chalmette, LA 70043
- Metro
- New Orleans-Metairie, LA
- Units, rooms or beds
- 65
- Built
- 2011, renovated 2017
- Value at securitization
- $8.0M (Sep 2017)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.24x | 0.78x |
| Occupancy | 80% | 52% |
| Net operating income | $917K | $319K |
| Debt yield | 7.1% |
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 Benchmark 2018-B1 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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
- Modified
On the cmbs.news watch list in every report since June 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 80% when the loan was securitized to 52%.
- Net operating income is 65% below the underwritten figure ($319K a year against $917K).
- Debt service coverage moved from 2.24x at securitization to 0.78x on the latest statements.
- At 0.78x, 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 | $4.5M | Current | No | 0.78x | 52% |
| August 2026 | $4.5M | Current | No | 0.78x | 52% |
| July 2026 | $4.5M | Current | No | 0.78x | 52% |
| June 2026 | $4.5M | Current | No | 0.78x | 52% |
| May 2026 | $4.5M | Current | No | 1.46x | 56% |
| April 2026 | $4.5M | Current | No | 1.46x | 56% |
| March 2026 | $4.5M | Current | No | 1.46x | 56% |
| February 2026 | $4.6M | Current | No | 1.46x | 56% |
| January 2026 | $4.6M | Current | No | 1.61x | 58% |
| December 2025 | $4.6M | Current | No | 1.61x | 58% |
| November 2025 | $4.6M | Current | No | 1.61x | 58% |
| October 2025 | $4.6M | Current | No | 1.85x | 64% |
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 |
|---|---|---|---|---|
| Benchmark 2018-B1 Mortgage Trust | 42 | $4,461,789 | Sep 2026 | SEC filing, October 1, 2026 |
Other New Orleans-Metairie loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Lakeside Shopping Center | Metairie, LA | Retail | $175.0M | 3.77% | Aug 2027 | 2.34x | 98% | Current |
| Carrollton Avenue Shopping Center | New Orleans, LA | Retail | $20.4M | 4.99% | Jan 2027 | 1.53x | 98% | Current |
| Centre at Westbank | Harvey, LA | Retail | $18.7M | 5.00% | Apr 2027 | 1.78x | 98% | Current |
| Trader Joes Center | Metairie, LA | Retail | $14.5M | 3.90% | Dec 2027 | 2.42x | 79% | Current |
| The Refinery | New Orleans, LA | Mixed use | $8.3M | 4.92% | Apr 2027 | 1.76x | 97% | Current |
| 6851 Veterans Memorial Blvd | Metairie, LA | Retail | $8.2M | 4.448% | May 2027 | 1.66x | 98% | Current |
| The Shoppes at Mid-City | New Orleans, LA | Retail | $7.7M | 4.73% | Jul 2027 | 1.26x | 100% | Current |
| CVS New Orleans | New Orleans, LA | Retail | $7.2M | 4.708% | Jul 2027 | 1.07x | 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.