Hotel · Fort Wayne, Indiana
Candlewood Suites Fort Wayne
Candlewood Suites Fort Wayne is financed with a $3.4M CMBS loan at 5.77% that reaches maturity on February 6, 2028, in 15 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,449,620
- Original balance (same notes)
- $4,250,000
- Interest rate
- 5.77% fixed
- Originated
- January 31, 2018
- Maturity
- February 6, 2028
- Payments
- Amortizing over 25 years
- Prepayment lockout ended
- May 5, 2020
- Originator
- Argentic Real Estate Finance LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred June 18, 2020, returned April 9, 2021
- Workout strategy
- Resolved
- Modified
- Yes, most recently January 21, 2021
- Defeasance
- None reported
The property
- Address
- 5251 Distribution Drive, Fort Wayne, IN 46825
- Metro
- Fort Wayne, IN
- Units, rooms or beds
- 83
- Built
- 2006
- Value at securitization
- $6.9M (Dec 2017)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.02x | 3.31x |
| Occupancy | 73% | 86% |
| Net operating income (annualized from 3 months) | $648K | $1.1M |
| Debt yield | 31.3% |
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 CSAIL 2018-CX11 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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 risen from 73% when the loan was securitized to 86%.
- Net operating income is 66% above the underwritten figure ($1.1M a year against $648K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.02x at securitization to 3.31x on the latest statements.
- The most recent valuation in the filing is $5.7M (July 16, 2020), against $6.9M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.4M | Current | No | 3.31x | 86% |
| August 2026 | $3.5M | Current | No | 3.31x | 86% |
| July 2026 | $3.5M | Current | No | 3.31x | 86% |
| June 2026 | $3.5M | Current | No | n/a | n/a |
| May 2026 | $3.5M | Current | No | n/a | n/a |
| April 2026 | $3.5M | Current | No | 1.59x | 69% |
| March 2026 | $3.5M | Current | No | 1.37x | 61% |
| February 2026 | $3.5M | Current | No | 1.37x | 61% |
| January 2026 | $3.5M | Current | No | 1.37x | 61% |
| December 2025 | $3.5M | Current | No | 1.37x | 61% |
| November 2025 | $3.5M | Current | No | 1.37x | 61% |
| October 2025 | $3.6M | Current | No | 1.37x | 61% |
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 18, 2020, returned to the master servicer April 9, 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 |
|---|---|---|---|---|
| CSAIL 2018-CX11 Commercial Mortgage Trust | 54 | $3,449,620 | Sep 2026 | SEC filing, September 28, 2026 |
Other Fort Wayne loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Hilton Garden Inn | Fort Wayne, IN | Hotel | $14.5M | 4.74% | Sep 2028 | n/a | n/a | Current |
| Dupont Office Center, Fort Wayne (2028 maturity) | Fort Wayne, IN | Office | $4.5M | 5.20% | Dec 2028 | 1.56x | 94% | 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.