Hotel · Hesperia, California
Holiday Inn Express - Hesperia
Holiday Inn Express - Hesperia is financed with a $10.9M CMBS loan at 7.315% that reaches maturity on April 1, 2033, in 6 years and 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $10,944,919
- Original balance (same notes)
- $11,300,000
- Interest rate
- 7.315% fixed
- Originated
- March 8, 2023
- Maturity
- April 1, 2033
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- December 31, 2032
- Master servicer
- KeyBank Real Estate Capital
- Originator
- SGFC
Status
- Payment status
- Not reported
- Special servicing
- Transferred January 31, 2024, returned September 11, 2025
- Workout strategy
- Pending return to master servicer
- Defeasance
- None reported
The property
- Address
- 9750 Key Pointe Avenue, Hesperia, CA 92345
- Metro
- Riverside-San Bernardino-Ontario, CA
- Units, rooms or beds
- 100
- Built
- 2002, renovated 2016
- Value at securitization
- $16.5M (Jan 2023)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 0.52x |
| Occupancy | 86% | 73% |
| Net operating income | n/a | $482K |
| Debt yield | 4.4% |
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 BBCMS Mortgage Trust 2023-C19 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage below 1.00x
- Occupancy down 10 points or more from securitization
On the cmbs.news watch list in every report since November 2025.
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 86% when the loan was securitized to 73%.
- At 0.52x, the property's reported NOI does not cover its debt service.
- The most recent valuation in the filing is $14.3M (April 1, 2024), against $16.5M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $10.9M | Not reported | No | 0.52x | 73% |
| August 2026 | $11.0M | Not reported | No | 0.52x | 73% |
| July 2026 | $11.0M | Not reported | No | 0.52x | 73% |
| June 2026 | $11.0M | Not reported | No | 0.30x | 69% |
| May 2026 | $11.0M | Not reported | No | 0.30x | 69% |
| April 2026 | $11.0M | Not reported | No | 0.30x | 69% |
| March 2026 | $11.0M | Not reported | No | 0.30x | 69% |
| February 2026 | $11.0M | Not reported | No | 0.39x | n/a |
| January 2026 | $11.0M | Not reported | No | 0.39x | n/a |
| December 2025 | $11.0M | Not reported | No | 0.39x | n/a |
| November 2025 | $11.0M | Not reported | No | 0.39x | n/a |
| October 2025 | $11.0M | Not reported | No | n/a | n/a |
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 January 31, 2024, returned to the master servicer September 11, 2025.
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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2023-C19 | 22 | $10,944,919 | Sep 2026 | SEC filing, September 29, 2026 |
Other Riverside-San Bernardino-Ontario loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Skorpios Industrial | Temecula, CA | Industrial | $75.0M | 6.635% | Aug 2033 | n/a | n/a | Current |
| Tri Palms Estates & Country Club | Thousand Palms, CA | Other | $14.0M | 6.907% | Oct 2033 | 4.22x | 100% | Current |
| Best Western Plus Diamond Valley Inn | Hemet, CA | Hotel | $6.3M | 8.12% | Jul 2033 | n/a | n/a | Current |
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.