Hotel · Bellevue, Washington
Embassy Suites Bellevue
Embassy Suites Bellevue is financed with a $40.0M CMBS loan at 5.374% that reaches maturity on February 6, 2029, in 2 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $40,041,151
- Original balance (same notes)
- $41,500,000
- Interest rate
- 5.374% fixed
- Originated
- January 25, 2019
- Maturity
- February 6, 2029
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ended
- July 5, 2021
- Originator
- Column Financial, Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently July 1, 2020
- Defeasance
- None reported
The property
- Address
- 3225 158th Avenue SE, Bellevue, WA 98008
- Metro
- Seattle-Tacoma-Bellevue, WA
- Units, rooms or beds
- 240
- Built
- 1990, renovated 2016
- Value at securitization
- $64.0M (Dec 2018)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.77x | 0.43x |
| Occupancy | 79% | 62% |
| Net operating income (annualized from 3 months) | $4.9M | $1.2M |
| Debt yield | 3.0% |
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 below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Modified
On the cmbs.news watch list in every report since July 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 79% when the loan was securitized to 62%.
- Net operating income is 76% below the underwritten figure ($1.2M a year against $4.9M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.77x at securitization to 0.43x on the latest statements.
- At 0.43x, 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 | $40.0M | Current | No | 0.43x | 62% |
| August 2026 | $40.1M | Current | No | 0.43x | 62% |
| July 2026 | $40.1M | Current | No | 0.43x | 62% |
| June 2026 | $40.2M | Current | No | n/a | n/a |
| May 2026 | $40.2M | Current | No | n/a | n/a |
| April 2026 | $40.3M | Current | No | 1.18x | 69% |
| March 2026 | $40.3M | Current | No | 1.18x | 69% |
| February 2026 | $40.4M | Current | No | 1.18x | 69% |
| January 2026 | $40.4M | Current | No | 0.81x | 62% |
| December 2025 | $40.5M | Current | No | 0.81x | 62% |
| November 2025 | $40.5M | Current | No | 0.81x | 62% |
| October 2025 | $40.6M | Current | No | 0.81x | 62% |
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 |
|---|---|---|---|---|
| CSAIL 2019-C16 Commercial Mortgage Trust | 3 | $40,041,151 | Sep 2026 | SEC filing, September 28, 2026 |
Other Seattle-Tacoma-Bellevue loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Newport Corporate Center | Bellevue, WA | Office | $164.0M | 3.543% | May 2029 | 5.70x | 100% | Current |
| Summit 1, 2, 3 | Bellevue, WA | Office | $155.0M | 2.952% | Feb 2029 | n/a | n/a | Current |
| Sunset North | Bellevue, WA | Office | $150.0M | 3.25% | Oct 2029 | 1.96x | 66% | Current |
| 4th & Battery | Seattle, WA | Office | $135.0M | 4.378% | Jun 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Millennium Corporate Park | Redmond, WA | Office | $131.0M | 3.032% | Jan 2029 | 3.62x | 89% | Current |
| 90 North Campus | Bellevue, WA | Office | $80.0M | 3.732% | Dec 2029 | 2.97x | 100% | Current |
| University Village, Seattle | Seattle, WA | Retail | $75.0M | 3.30% | Dec 2029 | 2.52x | 95% | Current |
| The Summit, Bellevue | Bellevue, WA | Office | $65.0M | 2.952% | Feb 2029 | n/a | n/a | Current |
All loans maturing in 2029 · All Seattle-Tacoma-Bellevue 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.