Hotel · Cromwell, Connecticut
Courtyard Cromwell
Courtyard Cromwell is financed with a $11.6M CMBS loan at 4.28% that reaches maturity on October 5, 2026, this month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $11,593,571
- Original balance (same notes)
- $14,000,000
- Interest rate
- 4.28% fixed
- Originated
- September 26, 2016
- Maturity
- October 5, 2026
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- January 4, 2019
- Prepayment premium ends
- July 4, 2026
- Master servicer
- Trimont LLC
- Originator
- Natixis
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred August 10, 2020, returned March 4, 2022
- Workout strategy
- Resolved
- Modified
- Yes, most recently June 5, 2020
- Defeasance
- None reported
The property
- Address
- 4 Sebethe Drive, Cromwell, CT 06416
- Units, rooms or beds
- 145
- Built
- 1986, renovated 2003
- Value at securitization
- $19.1M (Aug 2016)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.12x | 2.01x |
| Occupancy | 70% | 61% |
| Net operating income | $1.8M | $1.7M |
| Debt yield | 14.3% |
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 CSMC 2016-NXSR Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Past maturity
- Modified
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 70% when the loan was securitized to 61%.
- Net operating income is 5% below the underwritten figure ($1.7M a year against $1.8M).
- Debt service coverage moved from 2.12x at securitization to 2.01x on the latest statements.
- The most recent valuation in the filing is $15.0M (December 1, 2020), against $19.1M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $11.6M | Current | No | 2.01x | 61% |
| August 2026 | $11.6M | Current | No | 2.01x | 61% |
| July 2026 | $11.6M | Current | No | 1.88x | 61% |
| June 2026 | $11.7M | Current | No | 1.88x | 61% |
| May 2026 | $11.7M | Current | No | 1.90x | 62% |
| April 2026 | $11.7M | Current | No | 1.90x | 62% |
| March 2026 | $11.8M | Current | No | 1.90x | 62% |
| February 2026 | $11.8M | Current | No | 1.90x | 62% |
| January 2026 | $11.8M | Current | No | 1.94x | 63% |
| December 2025 | $11.8M | Current | No | 1.94x | 63% |
| November 2025 | $11.9M | Current | No | 1.94x | 63% |
| October 2025 | $11.9M | Current | No | 2.18x | 66% |
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 August 10, 2020, returned to the master servicer March 4, 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 |
|---|---|---|---|---|
| CSMC 2016-NXSR Commercial Mortgage Trust | 14 | $11,593,571 | Sep 2026 | SEC filing, September 28, 2026 |
Other Connecticut loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Delamar Greenwich Harbor | Greenwich, CT | Hotel | $29.6M | 5.255% | Dec 2026 | 2.17x | 58% | 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.