Hotel · Silverdale, Washington
Best Western Plus Silverdale Beach Hotel
Best Western Plus Silverdale Beach Hotel is financed with a $11.8M CMBS loan at 5.09% that reaches maturity on October 1, 2027, in 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $11,757,595
- Original balance (same notes)
- $15,000,000
- Interest rate
- 5.09% fixed
- Originated
- September 21, 2017
- Maturity
- October 1, 2027
- Payments
- Amortizing over 25 years
- Prepayment lockout ends
- June 30, 2027
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred June 9, 2020, returned April 6, 2021
- Workout strategy
- Resolved
- Defeasance
- None reported
The property
- Address
- 3073 Nw Bucklin Hill Road, Silverdale, WA 98383
- Units, rooms or beds
- 151
- Built
- 1987, renovated 2017
- Value at securitization
- $28.5M (Sep 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.15x | 1.71x |
| Occupancy | 85% | 73% |
| Net operating income | $2.3M | $1.8M |
| Debt yield | 15.5% |
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 BANK 2017-BNK8 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
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 85% when the loan was securitized to 73%.
- Net operating income is 20% below the underwritten figure ($1.8M a year against $2.3M).
- Debt service coverage moved from 2.15x at securitization to 1.71x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $11.8M | Current | No | 1.71x | 73% |
| August 2026 | $11.8M | Current | No | 1.58x | 73% |
| July 2026 | $11.8M | Current | No | 1.58x | 73% |
| June 2026 | $11.9M | Current | No | 1.33x | 73% |
| May 2026 | $11.9M | Current | No | 1.33x | 73% |
| April 2026 | $11.9M | Current | No | 1.33x | 73% |
| March 2026 | $12.0M | Current | No | 1.18x | 75% |
| February 2026 | $12.0M | Current | No | 1.06x | 75% |
| January 2026 | $12.1M | Current | No | 1.06x | 75% |
| December 2025 | $12.1M | Current | No | 1.40x | 75% |
| November 2025 | $12.1M | Current | No | 1.40x | 75% |
| October 2025 | $12.2M | Current | No | 1.40x | 75% |
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 June 9, 2020, returned to the master servicer April 6, 2021.
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 |
|---|---|---|---|---|
| BANK 2017-BNK8 | 16 | $11,757,595 | Sep 2026 | SEC filing, October 1, 2026 |
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.