Hotel · Fort Myers, Florida
Courtyard Fort Myers at I-75
Courtyard Fort Myers at I-75 is financed with a $21.3M CMBS loan at 7.62% that reaches maturity on April 6, 2029, in 2 years and 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $21,325,000
- Original balance (same notes)
- $21,325,000
- Interest rate
- 7.62% fixed
- Originated
- March 28, 2024
- Maturity
- April 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 5, 2029
- Master servicer
- Wells Fargo Bank, NA
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 10050 Gulf Center Drive, Fort Myers, FL 33913
- Metro
- Cape Coral-Fort Myers, FL
- Units, rooms or beds
- 134
- Built
- 2007, renovated 2015
- Value at securitization
- $33.5M (Feb 2024)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.89x | 1.60x |
| Occupancy | 88% | 72% |
| Net operating income | $3.1M | $2.6M |
| Debt yield | 12.3% |
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 BBCMS Mortgage Trust 2024-5C27 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
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 88% when the loan was securitized to 72%.
- Net operating income is 15% below the underwritten figure ($2.6M a year against $3.1M).
- Debt service coverage moved from 1.89x at securitization to 1.60x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $21.3M | Current | No | 1.60x | 72% |
| August 2026 | $21.3M | Current | No | 1.60x | 72% |
| July 2026 | $21.3M | Current | No | 1.61x | 69% |
| June 2026 | $21.3M | Current | No | 1.61x | 69% |
| May 2026 | $21.3M | Current | No | 1.88x | 79% |
| April 2026 | $21.3M | Current | No | 1.88x | 79% |
| March 2026 | $21.3M | Late payment but less than 30 days delinquent | No | 1.88x | 79% |
| February 2026 | $21.3M | Current | No | 1.88x | 79% |
| January 2026 | $21.3M | Current | No | 2.56x | 78% |
| December 2025 | $21.3M | Current | No | 2.56x | 78% |
| November 2025 | $21.3M | Current | No | 2.56x | 78% |
| October 2025 | $21.3M | Current | No | 2.56x | 78% |
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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2024-5C27 | 10 | $21,325,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Cape Coral-Fort Myers loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Gartner Campus South | Fort Myers, FL | Office | $40.3M | 3.60% | Dec 2029 | 3.35x | 100% | Current |
| Hilton Garden Inn - Ft. Myers | Fort Myers, FL | Hotel | $12.4M | 4.25% | Oct 2029 | 1.20x | 78% | Current |
| Springhill Suites Fort Myers Airport | Fort Myers, FL | Hotel | $12.3M | 7.62% | Apr 2029 | 1.19x | 65% | Current |
| Northpoint Shopping Center | Cape Coral, FL | Retail | $11.0M | 4.925% | Jan 2029 | 2.36x | 97% | Current |
| Grand Bay Plaza | Fort Myers, FL | Retail | $7.9M | 4.25% | Dec 2029 | 2.12x | 100% | Current |
| Pine Island Marketplace | Cape Coral, FL | Retail | $7.3M | 6.11% | Oct 2029 | 2.33x | 100% | Current |
| Bent Palms Apartments | Fort Myers, FL | Multifamily | $3.4M | 4.04% | Nov 2029 | 1.31x | 96% | Current |
All loans maturing in 2029 · All Cape Coral-Fort Myers 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.