Hotel · Greensboro, North Carolina
Four Points by Sheraton Greensboro Airport
Four Points by Sheraton Greensboro Airport is financed with a $8.5M CMBS loan at 7.272% that reaches maturity on January 6, 2029, in 2 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $8,500,000
- Original balance (same notes)
- $8,500,000
- Interest rate
- 7.272% fixed
- Originated
- December 13, 2023
- Maturity
- January 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- September 5, 2028
- Master servicer
- Midland Loan Services
- Originator
- DBR Investments Co. Limited
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 7619 Thorndike Road, Greensboro, NC 27409
- Metro
- Greensboro-High Point, NC
- Units, rooms or beds
- 112
- Built
- 1996, renovated 2018
- Value at securitization
- $12.8M (Oct 2023)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.16x | -0.64x |
| Occupancy | 60% | 56% |
| Net operating income (annualized from 3 months) | $1.4M | $-405K |
| Debt yield | -4.8% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the Benchmark 2024-V5 Mortgage Trust filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in every report since July 2026.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Occupancy has fallen from 60% when the loan was securitized to 56%.
- Net operating income is 130% below the underwritten figure ($-405K a year against $1.4M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.16x at securitization to -0.64x on the latest statements.
- At -0.64x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.5M | Current | No | -0.64x | 56% |
| August 2026 | $8.5M | Current | No | -0.64x | 56% |
| July 2026 | $8.5M | Current | No | -0.64x | 50% |
| June 2026 | $8.5M | Current | No | n/a | n/a |
| May 2026 | $8.5M | Current | No | n/a | n/a |
| April 2026 | $8.5M | Current | No | 0.46x | 65% |
| March 2026 | $8.5M | Current | No | 0.46x | 65% |
| February 2026 | $8.5M | Current | No | 0.46x | 68% |
| January 2026 | $8.5M | Current | No | 0.46x | 68% |
| December 2025 | $8.5M | Current | No | 0.59x | 68% |
| November 2025 | $8.5M | Current | No | 0.59x | 65% |
| October 2025 | $8.5M | Payment not received but still in grace period or not yet due | No | 0.59x | 65% |
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 |
|---|---|---|---|---|
| Benchmark 2024-V5 Mortgage Trust | 26 | $8,500,000 | Sep 2026 | SEC filing, September 25, 2026 |
Other Greensboro-High Point loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Walmart Asheboro Individual Property | Asheboro, NC | Retail | $42.3M | 3.63% | Dec 2029 | n/a | n/a | Current |
| Hampton Inn McLeansville | Mcleansville, NC | Hotel | $4.8M | 4.379% | Nov 2029 | n/a | n/a | Late, less than 30 days |
| Aaa Self Storage 20 | Greensboro, NC | Self storage | $4.1M | 4.89% | Mar 2029 | 2.53x | 99% | Current |
| Aaa Self Storage High Point | High Point, NC | Self storage | $3.7M | 3.796% | Aug 2029 | 2.21x | 98% | Current |
| AAA Self Storage Greensboro | Greensboro, NC | Self storage | $3.7M | 3.796% | Aug 2029 | 2.43x | 98% | Current |
| Fairgrove Mhc | Reidsville, NC | Manufactured housing | $3.5M | 6.10% | Jul 2029 | 1.49x | 89% | Current |
| AAA Self Storage Eastchester | High Point, NC | Self storage | $3.2M | 3.70% | Sep 2029 | 2.96x | 96% | Current |
| Pomona Park | Greensboro, NC | Office | $2.0M | 4.104% | Nov 2029 | 1.44x | 100% | Current |
All loans maturing in 2029 · All Greensboro-High Point loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.