Hotel · Louisville, Kentucky
Four Points Louisville Airport
Four Points Louisville Airport is financed with a $7.4M CMBS loan at 5.74% that reaches maturity on April 6, 2028, in 17 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,408,200
- Original balance (same notes)
- $9,100,000
- Interest rate
- 5.74% fixed
- Originated
- March 7, 2018
- Maturity
- April 6, 2028
- Payments
- Amortizing over 25 years
- Prepayment lockout ends
- January 5, 2028
- Master servicer
- Midland
- Originator
- AREF
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred March 31, 2020, returned March 18, 2022
- Workout strategy
- Resolved
- Modified
- Yes, most recently March 19, 2021
- Defeasance
- None reported
The property
- Address
- 2850 Crittenden Drive, Louisville, KY 40209
- Metro
- Louisville/Jefferson County, KY-IN
- Units, rooms or beds
- 117
- Built
- 2003, renovated 2013
- Value at securitization
- $14.0M (Nov 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.78x | 2.21x |
| Occupancy | 76% | 44% |
| Net operating income (annualized from 6 months) | $1.2M | $3.1M |
| Debt yield | 41.3% |
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 UBS Commercial Mortgage Trust 2018-C11 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Occupancy down 10 points 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 fallen from 76% when the loan was securitized to 44%.
- Net operating income is 150% above the underwritten figure ($3.1M a year against $1.2M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.78x at securitization to 2.21x on the latest statements.
- The most recent valuation in the filing is $16.5M (September 9, 2020), against $14.0M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.4M | Current | No | 2.21x | 44% |
| August 2026 | $7.4M | Current | No | 2.21x | 44% |
| July 2026 | $7.4M | Current | No | n/a | n/a |
| June 2026 | $7.5M | Current | No | n/a | n/a |
| May 2026 | $7.5M | Current | No | n/a | n/a |
| April 2026 | $7.5M | Current | No | 1.24x | n/a |
| March 2026 | $7.5M | Current | No | 1.24x | n/a |
| February 2026 | $7.6M | Current | No | 1.24x | n/a |
| January 2026 | $7.6M | Current | No | 1.58x | 48% |
| December 2025 | $7.6M | Current | No | 1.58x | 48% |
| November 2025 | $7.6M | Current | No | 0.88x | 49% |
| October 2025 | $7.6M | Current | No | 0.88x | 49% |
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 31, 2020, returned to the master servicer March 18, 2022.
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 |
|---|---|---|---|---|
| UBS Commercial Mortgage Trust 2018-C11 | 31 | $7,408,200 | Sep 2026 | SEC filing, September 28, 2026 |
Other Louisville/Jefferson County loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Oxmoor Center | Louisville, KY | Retail | $90.0M | 8.12% | Jun 2028 | 1.56x | 99% | Current |
| Eden Apartments | Louisville, KY | Multifamily | $7.6M | 6.625% | Jul 2028 | 1.50x | 90% | With the special servicer and 90+ days delinquent |
| Clarksville Shops | Clarksville, IN | Retail | $2.8M | 5.42% | Feb 2028 | 0.56x | 93% | Current |
All loans maturing in 2028 · All Louisville/Jefferson County 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.