Hotel · Charlotte, North Carolina
Hilton Garden Inn Waverly
Hilton Garden Inn Waverly is financed with a $17.5M CMBS loan at 4.58% that reaches maturity on September 5, 2029, in 2 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $17,474,925
- Original balance (same notes)
- $20,000,000
- Interest rate
- 4.58% fixed
- Originated
- June 18, 2019
- Maturity
- September 5, 2029
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- October 4, 2021
- Originator
- Grass River Real Estate Credit Partners Loan Funding, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently February 9, 2021
- Defeasance
- None reported
The property
- Address
- 7415 Waverly Walk Avenue, Charlotte, NC 28277
- Metro
- Charlotte-Concord-Gastonia, NC-SC
- Units, rooms or beds
- 141
- Built
- 2018
- Value at securitization
- $32.0M (Apr 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.13x | 2.73x |
| Occupancy | 79% | 85% |
| Net operating income (annualized from 6 months) | $2.6M | $6.8M |
| Debt yield | 38.6% |
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 CSAIL 2019-C17 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- 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 risen from 79% when the loan was securitized to 85%.
- Net operating income is 158% above the underwritten figure ($6.8M a year against $2.6M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.13x at securitization to 2.73x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $17.5M | Current | No | 2.73x | 85% |
| August 2026 | $17.5M | Current | No | 2.73x | 85% |
| July 2026 | $17.5M | Current | No | n/a | n/a |
| June 2026 | $17.6M | Current | No | n/a | n/a |
| May 2026 | $17.6M | Current | No | n/a | n/a |
| April 2026 | $17.6M | Current | No | 2.61x | 84% |
| March 2026 | $17.7M | Current | No | 2.64x | 84% |
| February 2026 | $17.7M | Current | No | 2.64x | 84% |
| January 2026 | $17.7M | Current | No | 2.64x | 84% |
| December 2025 | $17.8M | Current | No | 2.64x | 84% |
| November 2025 | $17.8M | Current | No | 2.65x | 83% |
| October 2025 | $17.8M | Current | No | 2.65x | 83% |
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 |
|---|---|---|---|---|
| CSAIL 2019-C17 Commercial Mortgage Trust | 19 | $17,474,925 | Sep 2026 | SEC filing, September 28, 2026 |
Other Charlotte-Concord-Gastonia loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Innovation Park | Charlotte, NC | Office | $182.3M | 3.505% | Nov 2029 | 1.22x | 49% | Current |
| Panorama Tower | Charlotte, NC | Mixed use | $71.5M | 7.37% | Mar 2029 | 2.06x | 72% | Current |
| Hilton at University Place | Charlotte, NC | Hotel | $40.4M | 5.10% | Apr 2029 | 1.86x | 70% | Current |
| Whitehall III & V | Charlotte, NC | Office | $31.5M | 3.693% | Dec 2029 | 1.86x | 88% | Current |
| Queen's Grant | Charlotte, NC | Manufactured housing | $29.7M | 6.40% | Sep 2029 | n/a | n/a | Current |
| Gateway Center | Charlotte, NC | Office | $28.4M | 4.95% | Apr 2029 | -0.54x | 9% | With the special servicer and 90+ days delinquent |
| Sharon Square | Charlotte, NC | Office | $24.4M | 4.47% | Dec 2029 | 1.35x | 79% | Current |
| Compucom World Headquarters | Fort Mill, SC | Office | $23.5M | 5.06% | Jan 2029 | 1.79x | 100% | Current |
All loans maturing in 2029 · All Charlotte-Concord-Gastonia 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.