Hotel · East Syracuse, New York
Cresthill Suites - East Syracuse
Cresthill Suites - East Syracuse is financed with a $4.2M CMBS loan at 5.50% that reaches maturity on March 1, 2029, in 2 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,181,322
- Original balance (same notes)
- $5,000,000
- Interest rate
- 5.50% fixed
- Originated
- February 4, 2019
- Maturity
- March 1, 2029
- Payments
- Amortizing over 25 years
- Prepayment lockout ended
- June 30, 2021
- Originator
- Societe Generale Financial Corporation
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred June 17, 2020, returned November 24, 2021
- Workout strategy
- Resolved
- Modified
- Yes, most recently April 1, 2020
- Defeasance
- None reported
The property
- Address
- 6410 New Venture Gear Drive, East Syracuse, NY 13057
- Metro
- Syracuse, NY
- Units, rooms or beds
- 83
- Built
- 2000, renovated 2018
- Value at securitization
- $8.3M (Jan 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.12x | 1.18x |
| Occupancy | 81% | 53% |
| Net operating income (annualized from 6 months) | $782K | $876K |
| Debt yield | 21.0% |
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 CSAIL 2019-C16 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- 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 81% when the loan was securitized to 53%.
- Net operating income is 12% above the underwritten figure ($876K a year against $782K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.12x at securitization to 1.18x on the latest statements.
- The most recent valuation in the filing is $6.3M (February 2, 2022), against $8.3M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.2M | Current | No | 1.18x | 53% |
| August 2026 | $4.2M | Current | No | n/a | n/a |
| July 2026 | $4.2M | Current | No | n/a | n/a |
| June 2026 | $4.2M | Current | No | n/a | n/a |
| May 2026 | $4.2M | Current | No | n/a | n/a |
| April 2026 | $4.2M | Current | No | 1.76x | 60% |
| March 2026 | $4.2M | Current | No | 1.76x | 60% |
| February 2026 | $4.3M | Current | No | 1.76x | 60% |
| January 2026 | $4.3M | Current | No | 1.97x | 62% |
| December 2025 | $4.3M | Current | No | 1.97x | 62% |
| November 2025 | $4.3M | Current | No | 1.97x | 60% |
| October 2025 | $4.3M | Current | No | 1.32x | 60% |
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 June 17, 2020, returned to the master servicer November 24, 2021.
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 |
|---|---|---|---|---|
| CSAIL 2019-C16 Commercial Mortgage Trust | 43 | $4,181,322 | Sep 2026 | SEC filing, September 28, 2026 |
Other Syracuse loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One Lincoln Center | Syracuse, NY | Office | $20.8M | 5.40% | Jan 2029 | 1.31x | n/a | Current |
| Novanta Building | Syracuse, NY | Mixed use | $7.0M | 4.55% | Jul 2029 | 1.97x | 100% | Current |
| River Mall Plaza | Baldwinsville, NY | Retail | $4.4M | 4.73% | Jun 2029 | 1.68x | 100% | Current |
| Carrier Circle Business Complex | East Syracuse, NY | Industrial | $3.9M | 4.12% | Nov 2029 | 1.07x | 69% | 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.