Hotel · Sequim, Washington
Holiday Inn Express & Suites, Sequim
Holiday Inn Express & Suites is financed with a $6.3M CMBS loan at 5.025% that reaches maturity on October 6, 2027, in 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is delinquent: 30-59 days delinquent.
The loan
- Balance in tracked trusts
- $6,297,117
- Original balance (same notes)
- $8,000,000
- Interest rate
- 5.025% fixed
- Originated
- September 12, 2017
- Maturity
- October 6, 2027
- Payments
- Amortizing over 25 years
- Prepayment lockout ends
- June 5, 2027
- Master servicer
- Midland Loan Services
- Originator
- Ladder Capital Finance LLC
Status
- Payment status
- 30-59 days delinquent (code 1)
- Special servicing
- Transferred May 27, 2020, returned December 29, 2023
- Workout strategy
- Resolved
- Modified
- Yes, most recently December 22, 2022
- Defeasance
- None reported
The property
- Address
- 1441 E Washington St., Sequim, WA 98382
- Units, rooms or beds
- 77
- Built
- 2010
- Value at securitization
- $13.0M (Jul 2017)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.02x | n/a |
| Occupancy | 69% | n/a |
| Net operating income | $1.1M | n/a |
Watch flags
Computed from the CITIGROUP COMMERCIAL MORTGAGE TRUST 2017-C4 filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
- 30+ days delinquent or matured unpaid
- Modified
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 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
- The most recent valuation in the filing is $12.0M (February 22, 2023), against $13.0M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.3M | 30-59 days delinquent | No | n/a | n/a |
| August 2026 | $6.3M | 30-59 days delinquent | No | n/a | n/a |
| July 2026 | $6.3M | 30-59 days delinquent | No | n/a | n/a |
| June 2026 | $6.4M | 30-59 days delinquent | No | n/a | n/a |
| May 2026 | $6.4M | 30-59 days delinquent | No | n/a | n/a |
| April 2026 | $6.4M | 30-59 days delinquent | No | 1.45x | 65% |
| March 2026 | $6.4M | 30-59 days delinquent | No | -1.08x | 65% |
| February 2026 | $6.4M | 30-59 days delinquent | No | -1.08x | 45% |
| January 2026 | $6.5M | 30-59 days delinquent | No | -1.08x | 45% |
| December 2025 | $6.5M | 30-59 days delinquent | No | -1.08x | 45% |
| November 2025 | $6.5M | 30-59 days delinquent | No | -1.08x | 45% |
| October 2025 | $6.5M | Late payment but less than 30 days delinquent | No | -1.08x | 45% |
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 May 27, 2020, returned to the master servicer December 29, 2023.
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 |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2017-C4 | 37 | $6,297,117 | Sep 2026 | SEC filing, September 25, 2026 |
Other Washington loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Komo Plaza | Seattle, WA | Mixed use | $139.0M | 4.299% | Jan 2027 | 2.85x | 100% | Current |
| Westin Building Exchange | Seattle, WA | Other | $135.0M | 3.29% | Jul 2027 | 18.47x | 71% | Current |
| Grand Hyatt Seattle | Seattle, WA | Hotel | $133.0M | 4.74% | Jun 2027 | -0.24x | 66% | Current |
| Renaissance Seattle Hotel | Seattle, WA | Hotel | $127.0M | 4.81% | Jun 2027 | 0.41x | 66% | Current |
| Bravern Office Commons | Bellevue, WA | Office | $75.0M | 3.203% | Jan 2027 | 3.54x | 100% | With the special servicer and 90+ days delinquent |
| 1000 Denny Way | Seattle, WA | Office | $56.0M | 5.107% | Feb 2027 | 1.69x | 57% | With the special servicer |
| Centre 425 Bellevue, Bellevue (2027 maturity), loan 8 in CSAIL 2017-CX10 Commercial Mortgage Trust | Bellevue, WA | Office | $44.0M | 4.151% | Nov 2027 | 1.94x | 100% | Current |
| Centre 425 Bellevue, Bellevue (2027 maturity), loan 4 in UBS Commercial Mortgage Trust 2017-C5 | Bellevue, WA | Office | $40.0M | 4.151% | Nov 2027 | 4.53x | 100% | Current |
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.