Hotel · Comstock Park, Michigan
Comfort Suites - Grand Rapids
Comfort Suites - Grand Rapids is financed with a $5.3M CMBS loan at 4.685% that reaches maturity on May 6, 2029, in 2 years and 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
- $5,335,956
- Original balance (same notes)
- $6,100,000
- Interest rate
- 4.685% fixed
- Originated
- April 29, 2019
- Maturity
- May 6, 2029
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- July 5, 2021
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred June 15, 2020, returned November 29, 2022
- Workout strategy
- Resolved
- Modified
- Yes, most recently April 6, 2020
- Defeasance
- None reported
The property
- Address
- 350 Dodge St, Comstock Park, MI 49321
- Metro
- Grand Rapids-Wyoming-Kentwood, MI
- Units, rooms or beds
- 86
- Built
- 2005, renovated 2017
- Value at securitization
- $10.0M (Apr 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.72x | 0.34x |
| Occupancy | 74% | 56% |
| Net operating income | $1.0M | $129K |
| Debt yield | 2.4% |
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 2019-C16 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Modified
On the cmbs.news watch list in every report since July 2026.
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 74% when the loan was securitized to 56%.
- Net operating income is 87% below the underwritten figure ($129K a year against $1.0M).
- Debt service coverage moved from 2.72x at securitization to 0.34x on the latest statements.
- At 0.34x, the property's reported NOI does not cover its debt service.
- The most recent valuation in the filing is $7.9M (May 23, 2022), against $10.0M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.3M | Current | No | 0.34x | 56% |
| August 2026 | $5.3M | Current | No | 0.34x | 45% |
| July 2026 | $5.4M | Current | No | 0.34x | 45% |
| June 2026 | $5.4M | Current | No | n/a | n/a |
| May 2026 | $5.4M | Current | No | n/a | n/a |
| April 2026 | $5.4M | Current | No | 0.41x | 62% |
| March 2026 | $5.4M | Current | No | 0.41x | 62% |
| February 2026 | $5.4M | Current | No | 0.41x | 62% |
| January 2026 | $5.4M | Current | No | 0.41x | 62% |
| December 2025 | $5.4M | Current | No | 0.41x | 62% |
| November 2025 | $5.4M | Current | No | 0.49x | 56% |
| October 2025 | $5.4M | Current | No | 0.49x | 56% |
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 15, 2020, returned to the master servicer November 29, 2022.
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 2019-C16 Commercial Mortgage Trust | 39 | $5,335,956 | Sep 2026 | SEC filing, September 28, 2026 |
Other Grand Rapids-Wyoming-Kentwood loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Farmers Insurance Corporate Campus | Caledonia, MI | Office | $92.8M | 3.55% | Sep 2029 | 1.60x | 100% | Current |
| Woodland Mall | Kentwood, MI | Retail | $80.0M | 7.35% | Dec 2029 | 2.16x | 95% | Current |
| 1040 40th Street SE | Grand Rapids, MI | Industrial | $45.5M | 7.06% | Jun 2029 | 1.34x | 100% | Current |
| 48 West | Allendale, MI | Multifamily | $33.0M | 7.20% | Jul 2029 | 1.37x | 93% | Current |
| Appletree | Walker, MI | Manufactured housing | $28.4M | 4.90% | Apr 2029 | n/a | n/a | Current |
| Village at Knapp's Crossing | Grand Rapids, MI | Retail | $25.2M | 3.65% | Nov 2029 | 2.11x | 100% | Current |
| Green Orchards Shopping Center | Walker, MI | Retail | $9.5M | 4.09% | Dec 2029 | 2.45x | 100% | Current |
| Lofts On Michigan | Grand Rapids, MI | Multifamily | $8.9M | 5.02% | Jun 2029 | 1.19x | 98% | Current |
All loans maturing in 2029 · All Grand Rapids-Wyoming-Kentwood loans
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.