Hotel · New Bern, North Carolina
Candlewood Suites New Bern
Candlewood Suites New Bern is financed with a $4.0M CMBS loan at 5.20% that reaches maturity on May 6, 2027, in 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,011,906
- Original balance (same notes)
- $6,000,000
- Interest rate
- 5.20% fixed
- Originated
- May 5, 2017
- Maturity
- May 6, 2027
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- February 5, 2027
- Master servicer
- Trimont LLC
- Originator
- RMF
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 3465 Dr. Martin Luther King Junior Boulevard, New Bern, NC 28562
- Units, rooms or beds
- 81
- Built
- 2010
- Value at securitization
- $10.1M (Mar 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.44x | 1.71x |
| Occupancy | 82% | 73% |
| Net operating income | $963K | $675K |
| Debt yield | 16.8% |
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 Wells Fargo Commercial Mortgage Trust 2017-C38 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
- Matures within 12 months
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 82% when the loan was securitized to 73%.
- Net operating income is 30% below the underwritten figure ($675K a year against $963K).
- Debt service coverage moved from 2.44x 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 | $4.0M | Current | No | 1.71x | 73% |
| August 2026 | $4.0M | Current | No | 1.99x | 75% |
| July 2026 | $4.0M | Current | No | 1.99x | 75% |
| June 2026 | $4.1M | Current | No | 2.37x | 78% |
| May 2026 | $4.1M | Current | No | 2.37x | 78% |
| April 2026 | $4.1M | Current | No | 2.28x | 75% |
| March 2026 | $4.1M | Current | No | 2.28x | 75% |
| February 2026 | $4.1M | Current | No | 2.28x | 75% |
| January 2026 | $4.1M | Current | No | 2.28x | 75% |
| December 2025 | $4.1M | Current | No | 2.28x | 75% |
| November 2025 | $4.2M | Current | No | 3.04x | 76% |
| October 2025 | $4.2M | Current | No | 3.04x | 76% |
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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2017-C38 | 47 | $4,011,906 | Sep 2026 | SEC filing, September 29, 2026 |
Other North Carolina loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Sheraton Hotel Greensboro | Greensboro, NC | Hotel | $34.8M | 5.16% | May 2027 | 3.55x | 50% | Current |
| RSI Home Products Distribution | Lincolnton, NC | Industrial | $33.5M | 4.978% | Feb 2027 | 2.23x | 100% | Current |
| Hyatt Place Charlotte Downtown | Charlotte, NC | Hotel | $22.8M | 5.503% | Feb 2027 | 1.45x | 60% | Current |
| Fedex Ground - Durham | Durham, NC | Industrial | $22.5M | 4.07% | Aug 2027 | 2.93x | 100% | Current |
| Capital Bank Plaza | Raleigh, NC | Office | $21.2M | 4.68% | May 2027 | 0.90x | 73% | Current |
| Charlotte Southpark Marriott | Charlotte, NC | Hotel | $20.8M | 4.90% | Apr 2027 | 2.40x | 73% | Current |
| The Arbors, Raleigh | Raleigh, NC | Office | $19.8M | 4.33% | Dec 2027 | 2.10x | 82% | Current |
| Midtown Crossing | Charlotte, NC | Retail | $19.5M | 5.02% | Jan 2027 | 1.67x | 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.