Hotel · Smithfield, North Carolina
Holiday Inn Express Smithfield
Holiday Inn Express Smithfield is financed with a $7.3M CMBS loan at 7.032% 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
- $7,345,442
- Original balance (same notes)
- $7,600,000
- Interest rate
- 7.032% fixed
- Originated
- March 7, 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
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 190 South Equity Drive, Smithfield, NC 27577
- Metro
- Raleigh-Cary, NC
- Units, rooms or beds
- 80
- Built
- 2012, renovated 2018
- Value at securitization
- $12.0M (Oct 2023)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.35x |
| Occupancy | 78% | 54% |
| Net operating income | n/a | $821K |
| Debt yield | 11.2% |
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.
- Occupancy down 10 points or more from securitization
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 78% when the loan was securitized to 54%.
- The most recent valuation in the filing is $10.5M (September 8, 2022), against $12.0M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.3M | Not reported | No | 1.35x | 54% |
| August 2026 | $7.4M | Not reported | No | 1.35x | 62% |
| July 2026 | $7.4M | Not reported | No | 1.37x | 62% |
| June 2026 | $7.4M | Not reported | No | 1.38x | 62% |
| May 2026 | $7.4M | Not reported | No | 1.42x | 62% |
| April 2026 | $7.4M | Not reported | No | 1.42x | 73% |
| March 2026 | $7.4M | Not reported | No | 1.44x | 73% |
| February 2026 | $7.4M | Not reported | No | 1.44x | 73% |
| January 2026 | $7.4M | Not reported | No | 1.42x | 73% |
| December 2025 | $7.4M | Not reported | No | 1.42x | 65% |
| November 2025 | $7.4M | Not reported | No | 1.42x | 65% |
| October 2025 | $7.4M | Not reported | No | 1.42x | 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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2023-C19 | 27 | $7,345,442 | Sep 2026 | SEC filing, September 29, 2026 |
Other Raleigh-Cary loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Brier Creek Commons | Raleigh, NC | Retail | $82.2M | 6.91% | May 2033 | 1.44x | 100% | Current |
| 419 West River Road | Louisburg, NC | Industrial | $11.8M | 8.255% | Nov 2033 | 1.63x | 100% | Current |
| Fairfield Inn & Suites Wake Forest | Wake Forest, NC | Hotel | $10.0M | 6.922% | Apr 2033 | 1.83x | 72% | 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.