Hotel · Lake City, Florida
Fairfield Inn & Suites Lake City
Fairfield Inn & Suites Lake City is financed with a $6.8M CMBS loan at 5.50% that reaches maturity on February 6, 2032, in 5 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
- $6,782,579
- Original balance (same notes)
- $7,250,000
- Interest rate
- 5.50% fixed
- Originated
- January 25, 2022
- Maturity
- February 6, 2032
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- December 5, 2031
- Master servicer
- Trimont LLC
- Originator
- Argentic Real Estate Finance LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 538 Southwest Corporate Drive, Lake City, FL 32024
- Units, rooms or beds
- 89
- Built
- 2008, renovated 2016
- Value at securitization
- $11.9M (Oct 2021)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.22x | 1.37x |
| Occupancy | 75% | 52% |
| Net operating income | $1.1M | $676K |
| Debt yield | 10.0% |
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 Wells Fargo Commercial Mortgage Trust 2022-C62 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
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 75% when the loan was securitized to 52%.
- Net operating income is 38% below the underwritten figure ($676K a year against $1.1M).
- Debt service coverage moved from 2.22x at securitization to 1.37x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.8M | Current | No | 1.37x | 52% |
| August 2026 | $6.8M | Current | No | 1.37x | 52% |
| July 2026 | $6.8M | Current | No | 1.37x | 52% |
| June 2026 | $6.8M | Current | No | 2.21x | n/a |
| May 2026 | $6.8M | Current | No | 2.21x | n/a |
| April 2026 | $6.8M | Current | No | 2.21x | n/a |
| March 2026 | $6.8M | Current | No | 2.21x | n/a |
| February 2026 | $6.8M | Current | No | 2.21x | n/a |
| January 2026 | $6.9M | Current | No | 2.21x | n/a |
| December 2025 | $6.9M | Current | No | 2.94x | 73% |
| November 2025 | $6.9M | Current | No | 2.94x | 73% |
| October 2025 | $6.9M | Current | No | 2.94x | 73% |
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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2022-C62 | 25 | $6,782,579 | Sep 2026 | SEC filing, September 29, 2026 |
Other Florida loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Silver Sands Premium Outlets | Miramar Beach, FL | Retail | $140.0M | 3.959% | Mar 2032 | 3.51x | 78% | Current |
| Hilton Sandestin Beach Resort | Miramar Beach, FL | Hotel | $120.0M | 4.62% | May 2032 | 3.74x | 66% | Current |
| Tallahassee | Tallahassee, FL | Self storage | $108.6M | 3.049% | Jan 2032 | n/a | n/a | Current |
| 360 Rosemary | West Palm Beach, FL | Office | $85.0M | 3.95% | Feb 2032 | 1.82x | 100% | Current |
| Marketplace at the Outlets | West Palm Beach, FL | Retail | $79.0M | 3.454% | Jan 2032 | 2.87x | 99% | Current |
| Wells Fargo Center Tampa | Tampa, FL | Office | $73.0M | 5.72% | Sep 2032 | 1.56x | 92% | Current |
| The Grove at Portofino Vineyards | Fort Myers, FL | Multifamily | $71.0M | 3.85% | Jan 2032 | 1.39x | 87% | Current |
| Art Ovation Hotel | Sarasota, FL | Hotel | $56.1M | 5.90% | Aug 2032 | 1.38x | 83% | 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.