Hotel · San Diego, California
Best Western Plus Hacienda Hotel
Best Western Plus Hacienda Hotel is financed with a $31.5M CMBS loan at 5.10% that reaches maturity on April 6, 2028, in 17 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $31,500,000
- Original balance (same notes)
- $31,500,000
- Interest rate
- 5.10% fixed
- Originated
- March 8, 2018
- Maturity
- April 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 5, 2028
- Master servicer
- Midland
- Originator
- LoanCore Capital Markets LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred May 28, 2021, returned July 18, 2023
- Workout strategy
- Resolved
- Modified
- Yes, most recently February 22, 2023
- Defeasance
- None reported
The property
- Address
- 4041, 4049, 4045 Harney Street 2423,2429,2467 Juan St and 4065,4058-4059 Conde St, San Diego, CA 92110
- Metro
- San Diego-Chula Vista-Carlsbad, CA
- Units, rooms or beds
- 200
- Built
- 1988, renovated 1997
- Value at securitization
- $58.1M (Sep 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.15x | 2.35x |
| Occupancy | 84% | 78% |
| Net operating income (annualized from 6 months) | $3.5M | $7.7M |
| Debt yield | 24.5% |
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 COMM 2018-COR3 Mortgage Trust filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
- Modified
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 84% when the loan was securitized to 78%.
- Net operating income is 121% above the underwritten figure ($7.7M a year against $3.5M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.15x at securitization to 2.35x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $31.5M | Current | No | 2.35x | 78% |
| August 2026 | $31.5M | Current | No | 2.35x | 78% |
| July 2026 | $31.5M | Current | No | 2.12x | 79% |
| June 2026 | $31.5M | Current | No | 2.12x | 79% |
| May 2026 | $31.5M | Current | No | n/a | n/a |
| April 2026 | $31.5M | Current | No | 2.06x | n/a |
| March 2026 | $31.5M | Current | No | 2.06x | n/a |
| February 2026 | $31.5M | Current | No | 2.06x | n/a |
| January 2026 | $31.5M | Current | No | 2.42x | 75% |
| December 2025 | $31.5M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| November 2025 | $31.5M | Current | No | n/a | n/a |
| October 2025 | $31.5M | Current | No | n/a | n/a |
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.
Special-servicing history
- Transferred to the special servicer May 28, 2021, returned to the master servicer July 18, 2023.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| COMM 2018-COR3 Mortgage Trust | 12 | $31,500,000 | Sep 2026 | SEC filing, September 25, 2026 |
Other San Diego-Chula Vista-Carlsbad loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Liberty Station Retail | San Diego, CA | Retail | $117.0M | 5.23% | Dec 2028 | n/a | n/a | Current |
| Broadway Plaza | Chula Vista, CA | Retail | $41.0M | 4.672% | Jul 2028 | 1.93x | 100% | Current |
| Mission Center | San Diego, CA | Office | $28.6M | 4.265% | Jun 2028 | 2.22x | 84% | Current |
| Residence Inn Chula Vista | Chula Vista, CA | Hotel | $25.4M | 5.35% | Dec 2028 | 2.33x | 88% | Current |
| The Ratner | San Diego, CA | Office | $24.5M | 4.045% | Apr 2028 | 0.75x | 41% | Current |
| Seville Plaza | San Diego, CA | Office | $18.8M | 4.67% | Aug 2028 | 1.93x | 100% | Current |
| Mercado Plaza and Brandywine | CA | Retail | $15.8M | 7.411% | Aug 2028 | 1.39x | 100% | Current |
| Merge Carmel Valley | San Diego, CA | Mixed use | $14.3M | 4.907% | Jun 2028 | n/a | n/a | Current |
All loans maturing in 2028 · All San Diego-Chula Vista-Carlsbad loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.