Hotel · West Des Moines, Iowa
Courtyard Des Moines
Courtyard Des Moines is financed with a $7.3M CMBS loan at 4.34% that reaches maturity on August 6, 2027, in 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,311,685
- Original balance (same notes)
- $8,400,000
- Interest rate
- 4.34% fixed
- Originated
- July 20, 2017
- Maturity
- August 6, 2027
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- May 5, 2027
- Master servicer
- Midland
- Originator
- CREFI
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently May 6, 2020
- Defeasance
- None reported
The property
- Address
- 410 South 68th Street, West Des Moines, IA 50266
- Metro
- Des Moines-West Des Moines, IA
- Units, rooms or beds
- 102
- Built
- 2008, renovated 2017
- Value at securitization
- $14.1M (Jun 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.27x | -0.10x |
| Occupancy | 63% | 57% |
| Net operating income | $1.2M | $-49K |
| Debt yield | -0.7% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the COMM 2017-COR2 Mortgage Trust filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
- Matures within 12 months
- Modified
On the cmbs.news watch list in every report since September 2026.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Occupancy has fallen from 63% when the loan was securitized to 57%.
- Net operating income is 104% below the underwritten figure ($-49K a year against $1.2M).
- Debt service coverage moved from 3.27x at securitization to -0.10x on the latest statements.
- At -0.10x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.3M | Current | No | -0.10x | 57% |
| August 2026 | $7.3M | Current | No | n/a | n/a |
| July 2026 | $7.3M | Current | No | n/a | n/a |
| June 2026 | $7.4M | Current | No | n/a | n/a |
| May 2026 | $7.4M | Current | No | n/a | n/a |
| April 2026 | $7.4M | Current | No | 0.46x | 63% |
| March 2026 | $7.4M | Current | No | 0.46x | 63% |
| February 2026 | $7.4M | Current | No | 0.54x | 64% |
| January 2026 | $7.4M | Current | No | 0.54x | 64% |
| December 2025 | $7.4M | Current | No | 0.54x | 64% |
| November 2025 | $7.5M | Current | No | 0.66x | 64% |
| October 2025 | $7.5M | Current | No | 0.66x | 64% |
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 |
|---|---|---|---|---|
| COMM 2017-COR2 Mortgage Trust | 36 | $7,311,685 | Sep 2026 | SEC filing, September 25, 2026 |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.