Hotel · Amarillo, Texas
Courtyard Amarillo Downtown
724 South Polk Street, Amarillo, TX · Google Maps
Courtyard Amarillo Downtown is financed with a $14.8M CMBS loan at 6.64% that reaches maturity on November 1, 2030, in 4 years. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $14,800,000
- Original balance (same notes)
- $14,800,000
- Interest rate
- 6.64% fixed
- Originated
- October 20, 2025
- Maturity
- November 1, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 31, 2027
- Prepayment premium ends
- April 30, 2030 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 724 South Polk Street, Amarillo, TX 79101
- Metro
- Amarillo, TX
- Units, rooms or beds
- 107
- Built
- 1927, renovated 2010
- Value at securitization
- $22.3M (Sep 2025)
Performance
| Measure | At securitization | Latest (Jun 2026) |
|---|---|---|
| DSCR (NOI) | 1.92x | 2.49x |
| Occupancy | 75% | 79% |
| Net operating income (annualized from 6 months) | $1.9M | $2.5M |
| Debt yield | 16.9% |
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.
Comparable loans: hotel properties in Amarillo, TX, with NOI, occupancy and value.
Watch flags
Computed from the BANK5 2025-5YR18 filing for the reporting period ending October 13, 2026, filed with the SEC October 27, 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 75% when the loan was securitized to 79%.
- Net operating income is 31% above the underwritten figure ($2.5M a year against $1.9M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.92x at securitization to 2.49x on the latest statements.
Who is behind this loan
- Non-recourse carveout guarantor
- Shown with Pro
- Sponsor
- Shown with Pro
- Parties and contacts named by the trust
- Shown with Pro
Source: SEC Form 424B2 prospectus, Annex A-1, filed Nov 2025.
Source: SEC Form 10-D, Exhibit 99.1 distribution statement, filed Oct 2026.
Refinance test on today's income
The latest annual NOI in the filing is $2.5M, a debt yield of 16.9% on $14.8M. Lenders often size a new loan so NOI is at least 9% to 10% of the loan amount.
| Debt yield a lender requires | Largest loan | Against today's balance |
|---|---|---|
| 9% | $27.8M | $13.0M of room |
| 10% | $25.0M | $10.2M of room |
Arithmetic on the filed NOI only: no rates, reserves, cap rates or lender terms. NOI can be a year old; see the statement dates above.
Operating statement
| Annual | At securitization | Latest, Jun 2026 | Per unit |
|---|---|---|---|
| Revenue | $4.5M | $5.3M | $49,934/unit |
| Operating expenses | $2.5M | $2.8M | $26,580/unit |
| Net operating income | $1.9M | $2.5M | $23,354/unit |
| Net cash flow | $1.7M | $2.3M | $21,357/unit |
| Expense ratio | 57.1% | 53.2% |
From the servicer's Schedule AL report; the latest statement covers 6 months and is annualized; 107 units; renovated 2010.
Refinance and early payoff, at today's rates
This estimate uses today's Treasury curve and needs JavaScript.
Rough estimates, not quotes. New loan: the filed NOI divided by the coverage you set, at the Treasury yield for the term plus your spread. Early payoff: the present value of the remaining scheduled payments to the open date at today's Treasury yields, less the balance, which is roughly what defeasance or yield maintenance costs. Loan documents, fees and the securities bought change the real number. Treasury yields: U.S. Treasury daily par curve.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $14.8M | Current | No | 2.49x | 79% |
| September 2026 | $14.8M | Current | No | n/a | n/a |
| August 2026 | $14.8M | Current | No | n/a | n/a |
| July 2026 | $14.8M | Current | No | n/a | n/a |
| June 2026 | $14.8M | Current | No | n/a | n/a |
| May 2026 | $14.8M | Current | No | n/a | n/a |
| April 2026 | $14.8M | Current | No | n/a | n/a |
| March 2026 | $14.8M | Current | No | n/a | n/a |
| February 2026 | $14.8M | Current | No | n/a | n/a |
| January 2026 | $14.8M | Current | No | n/a | n/a |
| December 2025 | $14.8M | Current | No | 1.98x | 75% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements.
Where the loan sits
One trust holds this loan in the data.
| Trust | Asset no. in that trust | Balance | Report period | Source |
|---|---|---|---|---|
| BANK5 2025-5YR18 | 18 | $14,800,000 | Oct 2026 | SEC filing, October 27, 2026 |
Other Amarillo loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| High Plains Ranch | Amarillo, TX | Manufactured housing | $8.8M | 6.43% | Jan 2030 | 1.25x | 100% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 13, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.