Hotel · Klamath Falls, Oregon
Fairfield Inn Klamath Falls
Fairfield Inn Klamath Falls is financed with a $13.3M CMBS loan at 6.03% that reaches maturity on August 5, 2032, in 5 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $13,289,239
- Original balance (same notes)
- $14,000,000
- Interest rate
- 6.03% fixed
- Originated
- July 15, 2022
- Maturity
- August 5, 2032
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- December 4, 2024
- Prepayment premium ends
- May 4, 2032 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- 3650 Real Estate Investment Trust 2 LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 460 Timbermill Drive, Klamath Falls, OR 97601
- Units, rooms or beds
- 92
- Built
- 2020
- Value at securitization
- $22.7M (May 2022)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.07x | 1.69x |
| Occupancy | 78% | 74% |
| Net operating income (annualized from 6 months) | $2.1M | $3.4M |
| Debt yield | 25.9% |
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 3650R 2022-PF2 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x 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 78% when the loan was securitized to 74%.
- Net operating income is 65% above the underwritten figure ($3.4M a year against $2.1M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.07x at securitization to 1.69x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $13.3M | Current | No | 1.69x | 74% |
| August 2026 | $13.3M | Current | No | n/a | n/a |
| July 2026 | $13.3M | Current | No | n/a | n/a |
| June 2026 | $13.3M | Current | No | n/a | n/a |
| May 2026 | $13.4M | Current | No | n/a | n/a |
| April 2026 | $13.4M | Current | No | 2.20x | 77% |
| March 2026 | $13.4M | Current | No | 2.51x | 81% |
| February 2026 | $13.4M | Current | No | 2.51x | 81% |
| January 2026 | $13.4M | Current | No | 2.51x | 81% |
| December 2025 | $13.4M | Current | No | 2.51x | 81% |
| November 2025 | $13.5M | Current | No | 1.84x | 75% |
| October 2025 | $13.5M | Current | No | 1.84x | 75% |
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 |
|---|---|---|---|---|
| 3650R 2022-PF2 Commercial Mortgage Trust | 22 | $13,289,239 | Sep 2026 | SEC filing, September 29, 2026 |
Other Oregon loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Tangent Industrial Park | Tangent, OR | Industrial | $31.5M | 3.83% | Jan 2032 | 2.62x | 89% | Current |
| 20495 Murray Road | Bend, OR | Industrial | $10.7M | 3.875% | Mar 2032 | 1.88x | 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.