Hotel · Flat Rock, North Carolina
Fairfield Inn & Suites Hendersonville Flat Rock
Fairfield Inn & Suites Hendersonville Flat Rock is financed with a $7.5M CMBS loan at 5.40% that reaches maturity on December 6, 2028, in 2 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,469,454
- Original balance (same notes)
- $8,500,000
- Interest rate
- 5.40% fixed
- Originated
- November 13, 2018
- Maturity
- December 6, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- September 5, 2028
- Master servicer
- Trimont LLC
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently July 1, 2020
- Defeasance
- None reported
The property
- Address
- 836 Upward Road, Flat Rock, NC 28731
- Metro
- Asheville, NC
- Units, rooms or beds
- 84
- Built
- 2017
- Value at securitization
- $14.3M (Oct 2018)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.89x | 1.54x |
| Occupancy | 65% | 71% |
| Net operating income | $1.1M | $881K |
| Debt yield | 11.8% |
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 2018-C2 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x 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 risen from 65% when the loan was securitized to 71%.
- Net operating income is 19% below the underwritten figure ($881K a year against $1.1M).
- Debt service coverage moved from 1.89x at securitization to 1.54x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.5M | Current | No | 1.54x | 71% |
| August 2026 | $7.5M | Current | No | 1.54x | 71% |
| July 2026 | $7.5M | Current | No | 1.54x | 71% |
| June 2026 | $7.5M | Current | No | 1.54x | 71% |
| May 2026 | $7.5M | Current | No | 1.90x | 77% |
| April 2026 | $7.5M | Current | No | 1.90x | 77% |
| March 2026 | $7.5M | Current | No | 1.90x | 77% |
| February 2026 | $7.6M | Current | No | 2.20x | 77% |
| January 2026 | $7.6M | Current | No | 2.20x | 77% |
| December 2025 | $7.6M | Current | No | 2.26x | 78% |
| November 2025 | $7.6M | Current | No | 2.26x | 78% |
| October 2025 | $7.6M | Current | No | 2.26x | 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 2018-C2 | 33 | $7,469,454 | Sep 2026 | SEC filing, September 29, 2026 |
Other Asheville loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Asheville Market Place | Asheville, NC | Retail | $21.9M | 4.92% | Mar 2028 | 1.70x | 92% | Current |
| River Hills | Asheville, NC | Retail | $13.8M | 4.94% | Nov 2028 | 1.91x | 100% | Current |
| Skyland Towne Center | Asheville, NC | Retail | $5.5M | 5.43% | Dec 2028 | 1.42x | 96% | Current |
| Dixie Self Storage | Asheville, NC | Mixed use | $3.9M | 5.31% | Apr 2028 | 1.62x | 80% | 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.