Hotel · Dunn, North Carolina
Fairfield Inn & Suites Dunn
688 Jackson Road, Dunn, NC · Google Maps
Fairfield Inn & Suites Dunn is financed with a $5.0M CMBS loan at 5.00% that reaches maturity on April 6, 2029, in 2 years and 5 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $4,963,243
- Original balance (same notes)
- $8,200,000
- Interest rate
- 5.00% fixed
- Originated
- March 28, 2019
- Maturity
- April 6, 2029
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- January 5, 2029
- Originator
- Rialto Mortgage Finance, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 688 Jackson Road, Dunn, NC 28334
- Units, rooms or beds
- 88
- Built
- 2016
- Value at securitization
- $12.7M (Jan 2019)
Performance
| Measure | At securitization | Latest (Jun 2026) |
|---|---|---|
| DSCR (NOI) | 1.91x | 0.91x |
| Occupancy | 82% | 60% |
| Net operating income (annualized from 6 months) | $1.0M | $965K |
| Debt yield | 19.4% |
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.
Comparable loans: hotel properties in North Carolina, with NOI, occupancy and value.
Watch flags
Computed from the BBCMS Mortgage Trust 2019-C3 filing for the reporting period ending October 13, 2026, filed with the SEC October 29, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
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 82% when the loan was securitized to 60%.
- Debt service coverage moved from 1.91x at securitization to 0.91x on the latest statements.
- At 0.91x, the property's reported NOI does not cover its debt service.
Who is behind this loan
- Principal/carveout guarantor
- Shown with Pro
- Parties and contacts named by the trust
- Shown with Pro
Source: SEC Form 424B2 prospectus, Annex A-1, filed Jun 2019.
Source: SEC Form 10-D, Exhibit 99.1 distribution statement, filed Oct 2026.
Refinance test on today's income
The latest annual NOI in the filing is $965K, a debt yield of 19.4% on $5.0M. Lenders often size a new loan so NOI is at least 9% to 10% of the loan amount.
| Debt yield a lender requires | Largest loan | Against today's balance |
|---|---|---|
| 9% | $10.7M | $5.8M of room |
| 10% | $9.6M | $4.7M of room |
Arithmetic on the filed NOI only: no rates, reserves, cap rates or lender terms. NOI can be a year old; see the statement dates above.
Operating statement
| Annual | At securitization | Latest, Jun 2026 | Per unit |
|---|---|---|---|
| Revenue | $2.5M | $4.2M | $47,362/unit |
| Operating expenses | $1.5M | $3.2M | $36,399/unit |
| Net operating income | $1.0M | $965K | $10,963/unit |
| Net cash flow | $906K | $798K | $9,069/unit |
| Expense ratio | 60.2% | 76.9% |
From the servicer's Schedule AL report; the latest statement covers 6 months and is annualized; 88 units.
Refinance and early payoff, at today's rates
This estimate uses today's Treasury curve and needs JavaScript.
Rough estimates, not quotes. New loan: the filed NOI divided by the coverage you set, at the Treasury yield for the term plus your spread. Early payoff: the present value of the remaining scheduled payments to the open date at today's Treasury yields, less the balance, which is roughly what defeasance or yield maintenance costs. Loan documents, fees and the securities bought change the real number. Treasury yields: U.S. Treasury daily par curve.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $5.0M | Current | No | 0.91x | 60% |
| September 2026 | $5.0M | Current | No | 0.91x | 60% |
| August 2026 | $7.2M | Current | No | 0.76x | 60% |
| July 2026 | $7.2M | Current | No | 0.76x | 60% |
| June 2026 | $7.2M | Current | No | n/a | n/a |
| May 2026 | $7.2M | Current | No | n/a | n/a |
| April 2026 | $7.3M | Current | No | 0.76x | 60% |
| March 2026 | $7.3M | Current | No | 1.04x | 60% |
| February 2026 | $7.3M | Current | No | 1.04x | 63% |
| January 2026 | $7.3M | Current | No | 1.04x | 63% |
| December 2025 | $7.3M | Current | No | 1.19x | 63% |
| November 2025 | $7.3M | Current | No | 1.19x | 61% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements.
Full history back to June 2019. See it with Pro.
Where the loan sits
One trust holds this loan in the data.
| Trust | Asset no. in that trust | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2019-C3 | 38 | $4,963,243 | Oct 2026 | SEC filing, October 29, 2026 |
Other North Carolina loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Innovation Park | Charlotte, NC | Office | $182.3M | 3.505% | Nov 2029 | 1.22x | 49% | Current |
| 4813, 4815 & 4721 Emperor Boulevard and 1005, 1007 & 1009 Slater Road and 3 other properties | Durham, NC | Office | $108.0M | 7.364% | Mar 2029 | n/a | n/a | Current |
| Exchange On Erwin | Durham, NC | Mixed use | $75.5M | 3.421% | Dec 2029 | 0.99x | 92% | Current |
| The Arcadian and 2 other properties | Winston-Salem, NC | Multifamily | $74.2M | 6.95% | Sep 2029 | n/a | n/a | Not reported |
| Panorama Tower | Charlotte, NC | Mixed use | $71.5M | 7.37% | Mar 2029 | 1.46x | 72% | Current |
| White Oak Crossing | Garner, NC | Retail | $59.9M | 3.544% | Dec 2029 | 2.14x | 99% | Current |
| Weston I & II | Cary, NC | Office | $48.4M | 5.742% | Jan 2029 | 1.11x | 74% | Late, less than 30 days |
| Walmart Asheboro Individual Property and 3 other properties | Asheboro, NC | Retail | $42.3M | 3.63% | Dec 2029 | n/a | n/a | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 13, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.