Hotel · Spokane, Washington
Fairfield Inn - Spokane
Fairfield Inn - Spokane is financed with a $7.0M CMBS loan at 4.276% that reaches maturity on December 1, 2029, in 3 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
- $7,026,904
- Original balance (same notes)
- $8,020,000
- Interest rate
- 4.276% fixed
- Originated
- November 21, 2019
- Maturity
- December 1, 2029
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- September 30, 2029
- Master servicer
- Midland
- Originator
- JPMorgan Chase Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred March 26, 2020, returned April 20, 2020
- Workout strategy
- Resolved
- Defeasance
- Partly defeased
The property
- Address
- 311 North Riverpoint Boulevard, Spokane, WA 99202
- Metro
- Spokane-Spokane Valley, WA
- Units, rooms or beds
- 84
- Built
- 1994, renovated 2011
- Value at securitization
- $11.8M (Oct 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.09x | 2.70x |
| Occupancy | 78% | n/a |
| Net operating income (annualized from 6 months) | $993K | $2.6M |
| Debt yield | 36.8% |
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 Benchmark 2020-B16 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
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
- Net operating income is 161% above the underwritten figure ($2.6M a year against $993K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.09x at securitization to 2.70x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.0M | Current | No | 2.70x | n/a |
| August 2026 | $7.0M | Current | No | 2.70x | n/a |
| July 2026 | $7.1M | Current | No | n/a | n/a |
| June 2026 | $7.1M | Current | No | n/a | n/a |
| May 2026 | $7.1M | Current | No | n/a | n/a |
| April 2026 | $7.1M | Current | No | 2.25x | 61% |
| March 2026 | $7.1M | Current | No | 2.25x | 61% |
| February 2026 | $7.1M | Current | No | 2.79x | 75% |
| January 2026 | $7.1M | Current | No | 2.79x | 75% |
| December 2025 | $7.2M | Current | No | 2.79x | 75% |
| November 2025 | $7.2M | Current | No | 2.87x | 73% |
| October 2025 | $7.2M | Current | No | 2.87x | 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.
Special-servicing history
- Transferred to the special servicer March 26, 2020, returned to the master servicer April 20, 2020.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2020-B16 Mortgage Trust | 26 | $7,026,904 | Sep 2026 | SEC filing, October 1, 2026 |
Other Spokane-Spokane Valley loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Extra Space Storage Division | Spokane, WA | Self storage | $8.4M | 7.11% | Nov 2029 | n/a | n/a | Late, less than 30 days |
| Albertsons Millwood | Millwood, WA | Retail | $5.3M | 4.10% | Sep 2029 | 2.29x | 100% | Current |
All loans maturing in 2029 · All Spokane-Spokane Valley 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.