Hotel · Lubbock, Texas
Cotton Court Hotel
Cotton Court Hotel is financed with a $21.0M CMBS loan at 7.601% that reaches maturity on September 6, 2028, in 22 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $21,000,000
- Original balance (same notes)
- $21,000,000
- Interest rate
- 7.601% fixed
- Originated
- August 9, 2023
- Maturity
- September 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ended
- September 5, 2025
- Prepayment premium ends
- March 5, 2028 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- DBR Investments Co. Limited
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 1610 Broadway Street, Lubbock, TX 79401
- Metro
- Lubbock, TX
- Units, rooms or beds
- 165
- Built
- 2020
- Value at securitization
- $38.2M (Sep 2023)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.84x | 2.25x |
| Occupancy | 60% | 73% |
| Net operating income | $3.0M | $3.6M |
| Debt yield | 17.4% |
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 Benchmark 2023-V4 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
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 60% when the loan was securitized to 73%.
- Net operating income is 23% above the underwritten figure ($3.6M a year against $3.0M).
- Debt service coverage moved from 1.84x at securitization to 2.25x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $21.0M | Current | No | 2.25x | 73% |
| August 2026 | $21.0M | Current | No | 2.12x | 73% |
| July 2026 | $21.0M | Current | No | 2.12x | 73% |
| June 2026 | $21.0M | Current | No | 2.12x | 73% |
| May 2026 | $21.0M | Current | No | n/a | n/a |
| April 2026 | $21.0M | Current | No | 2.04x | 68% |
| March 2026 | $21.0M | Current | No | 1.95x | 68% |
| February 2026 | $21.0M | Current | No | 1.95x | 69% |
| January 2026 | $21.0M | Current | No | 1.95x | 69% |
| December 2025 | $21.0M | Current | No | 1.95x | 69% |
| November 2025 | $21.0M | Current | No | 1.97x | 69% |
| October 2025 | $21.0M | Current | No | 1.97x | 67% |
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 2023-V4 Mortgage Trust | 11 | $21,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Lubbock loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| AVR Homewood Suites Lubbock | Lubbock, TX | Hotel | $7.0M | 5.578% | Dec 2028 | 0.79x | 86% | 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.