Hotel · Colorado Springs, Colorado
Cheyenne Mountain Resort
Cheyenne Mountain Resort is financed with a $75.0M CMBS loan at 7.45% that reaches maturity on November 6, 2029, in 3 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $75,000,000
- Original balance (same notes)
- $75,000,000
- Interest rate
- 7.45% fixed
- Originated
- October 10, 2024
- Maturity
- November 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- May 5, 2029
- Master servicer
- Wells Fargo Bank, NA
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 3225 Broadmoor Valley Road, Colorado Springs, CO 80906
- Metro
- Colorado Springs, CO
- Units, rooms or beds
- 316
- Built
- 1985, renovated 2024
- Value at securitization
- $124.6M (Oct 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.78x | 1.47x |
| Occupancy | 64% | 59% |
| Net operating income | $10.1M | $8.4M |
| Debt yield | 11.1% |
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 2024-V12 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Coverage down 0.25x 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 64% when the loan was securitized to 59%.
- Net operating income is 17% below the underwritten figure ($8.4M a year against $10.1M).
- Debt service coverage moved from 1.78x at securitization to 1.47x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $75.0M | Current | No | 1.47x | 59% |
| August 2026 | $75.0M | Current | No | 1.38x | 57% |
| July 2026 | $75.0M | Current | No | 1.38x | 57% |
| June 2026 | $75.0M | Current | No | 1.38x | 58% |
| May 2026 | $75.0M | Current | No | 1.62x | 62% |
| April 2026 | $75.0M | Current | No | 1.62x | 62% |
| March 2026 | $75.0M | Current | No | 1.62x | 62% |
| February 2026 | $75.0M | Current | No | 1.62x | 62% |
| January 2026 | $75.0M | Current | No | 1.62x | 62% |
| December 2025 | $75.0M | Current | No | 0.51x | 52% |
| November 2025 | $75.0M | Current | No | 0.51x | 52% |
| October 2025 | $75.0M | Current | No | 0.51x | 52% |
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 2024-V12 Mortgage Trust | 2 | $75,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Colorado Springs loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Citadel Crossing - Colorado Springs | Colorado Springs, CO | Retail | $41.0M | 8.13% | Jun 2029 | 1.13x | 93% | Current |
| Colorado Square | Colorado Springs, CO | Office | $32.2M | 4.10% | Aug 2029 | n/a | n/a | Current |
| DoubleTree Colorado Springs | Colorado Springs, CO | Hotel | $23.7M | 4.90% | May 2029 | 2.66x | 68% | Current |
| Platte Airpark Tech Campus | Colorado Springs, CO | Office | $14.6M | 3.759% | Nov 2029 | 2.69x | 100% | Current |
| Woodmen Corporate Center | Colorado Springs, CO | Office | $8.5M | 4.87% | Feb 2029 | 2.66x | 76% | Current |
| Fillmore Crossing | Colorado Springs, CO | Multifamily | $7.6M | 4.73% | May 2029 | 2.76x | 96% | Current |
| Fairfield Inn & Suites - Colorado Springs North | Colorado Springs, CO | Hotel | $6.3M | 5.10% | Apr 2029 | 0.16x | 55% | Current |
| Fairway Plaza & Markets at Maizeland | Colorado Springs, CO | Retail | $5.6M | 5.70% | Jul 2029 | 1.70x | 90% | 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.