Hotel portfolio, 3 properties · Grand Rapids, Michigan
DoubleTree Grand Rapids
Public CMBS trusts hold $19.9M of the loan on this portfolio at 5.096% that reached maturity on May 1, 2024, 29 months ago. As of the Sep 2026 servicer report, the latest filed for this loan, its status is past maturity and not performing.
The loan
- Balance in tracked trusts
- $19,934,556
- Original balance (same notes)
- $20,000,000
- Interest rate
- 5.096% fixed
- Originated
- May 1, 2018
- Maturity
- May 1, 2024
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ended
- November 30, 2018
- Prepayment premium ends
- November 30, 2022 (yield maintenance)
- Master servicer
- KeyBank Real Estate Capital
- Originator
- JPMorgan Chase Bank, National Association
Status
- Payment status
- Non performing matured balloon. (code 5)
- Special servicing
- Transferred March 15, 2023
- Workout strategy
- Foreclosure
- Modified
- Yes, most recently November 1, 2020
- Defeasance
- Partly defeased
The property
- Address
- 4747 28th Street Southeast, Grand Rapids, MI 49512
- Metro
- Grand Rapids-Wyoming-Kentwood, MI
- Value at securitization
- $73.5M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | n/a | $1.9M |
| Debt yield | 9.4% |
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 BENCHMARK 2018-B6 MORTGAGE TRUST filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Past maturity
- Modified
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to 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.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| DoubleTree Grand Rapids | Grand Rapids, MI | Lodging | 53% | -0.02x |
| Hilton Jackson | Jackson, MS | Lodging | 50% | -0.04x |
| DoubleTree Annapolis | Annapolis, MD | Lodging | 60% | 2.13x |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $19.9M | Non performing matured balloon | Yes | -0.02x | 53% |
| August 2026 | $19.9M | Non performing matured balloon | Yes | -0.02x | 53% |
| July 2026 | $19.9M | Non performing matured balloon | Yes | -0.02x | 53% |
| June 2026 | $19.9M | Non performing matured balloon | Yes | -0.02x | 53% |
| May 2026 | $19.9M | Non performing matured balloon | Yes | -0.02x | 53% |
| April 2026 | $19.9M | Non performing matured balloon | Yes | -0.02x | 53% |
| March 2026 | $19.9M | Non performing matured balloon | Yes | 2.13x | 60% |
| February 2026 | $19.9M | Non performing matured balloon | Yes | -0.02x | 53% |
| January 2026 | $19.9M | Non performing matured balloon | Yes | -0.02x | 53% |
| December 2025 | $19.9M | Non performing matured balloon | Yes | -0.02x | 53% |
| November 2025 | $19.9M | Non performing matured balloon | Yes | -0.02x | 53% |
| October 2025 | $19.9M | Non performing matured balloon | Yes | -0.02x | 53% |
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 March 15, 2023, still there.
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 |
|---|---|---|---|---|
| BENCHMARK 2018-B6 MORTGAGE TRUST | 18 | $19,934,556 | 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.