Hotel · New York, New York
Holiday Inn Fidi
Public CMBS trusts hold $87.0M of the loan on Holiday Inn Fidi at 5.12% that reaches maturity on October 6, 2028, in 23 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $87,025,000
- Original balance (same notes)
- $87,025,000
- Interest rate
- 5.12% fixed
- Originated
- September 18, 2018
- Maturity
- October 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- June 5, 2028
- Master servicer
- Trimont LLC
- Originator
- Ladder Capital Finance LLC
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- Transferred May 20, 2020, returned May 15, 2026
- Workout strategy
- Resolved
- Modified
- Yes, most recently June 25, 2025
- Defeasance
- None reported
The property
- Address
- 99 and 103 Washington Street, New York, NY 10006
- Metro
- New York-Newark-Jersey City, NY-NJ
- Units, rooms or beds
- 492
- Built
- 2014
- Value at securitization
- $233.0M (Jul 2018)
Performance
| At securitization | Latest (Sep 2025) | |
|---|---|---|
| DSCR (NOI) | 2.73x | -0.08x |
| Occupancy | 93% | 38% |
| Net operating income (annualized from 9 months) | $12.4M | $-455K |
| Debt yield | -0.5% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the CSAIL 2018-C14 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Modified
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Occupancy has fallen from 93% when the loan was securitized to 38%.
- Net operating income is 104% below the underwritten figure ($-455K a year against $12.4M; the latest statement covers 9 months, annualized).
- Debt service coverage moved from 2.73x at securitization to -0.08x on the latest statements.
- At -0.08x, the property's reported NOI does not cover its debt service.
- The most recent valuation in the filing is $150.0M (March 10, 2025), against $233.0M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $87.0M | Late payment but less than 30 days delinquent | No | -0.08x | 38% |
| August 2026 | $87.0M | Current | No | -0.08x | 38% |
| July 2026 | $87.0M | Current | No | -0.08x | 38% |
| June 2026 | $87.0M | Current | No | -0.08x | 38% |
| May 2026 | $87.0M | Late payment but less than 30 days delinquent | Yes | -0.08x | 38% |
| April 2026 | $87.0M | 90+ days delinquent | Yes | -0.08x | 38% |
| March 2026 | $87.0M | 60-89 days delinquent | Yes | -0.08x | 38% |
| February 2026 | $87.0M | 30-59 days delinquent | Yes | -0.08x | 38% |
| January 2026 | $87.0M | Late payment but less than 30 days delinquent | Yes | 0.12x | 38% |
| December 2025 | $87.0M | Current | Yes | 0.12x | 38% |
| November 2025 | $87.0M | Late payment but less than 30 days delinquent | Yes | 0.12x | 38% |
| October 2025 | $87.0M | 30-59 days delinquent | Yes | 2.08x | 77% |
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 20, 2020, returned to the master servicer May 15, 2026.
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
The loan is split into 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2018-C47 | 6 | $35,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2018-C6 | 9 | $27,025,000 | Sep 2026 | SEC filing, September 25, 2026 |
| CSAIL 2018-C14 Commercial Mortgage Trust | 9 | $25,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other New York-Newark-Jersey City loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One SoHo Square | New York, NY | Office | $469.0M | 2.725% | Aug 2028 | 1.78x | 85% | With the special servicer |
| 11 West 42nd Street | New York, NY | Office | $274.0M | 7.44% | Jul 2028 | 1.27x | 99% | Current |
| Harborside 2-3 | Jersey City, NJ | Office | $225.0M | 5.84% | Apr 2028 | 2.29x | 76% | Current |
| 3 Park Avenue | New York, NY | Office | $182.0M | 4.75% | Dec 2028 | 0.61x | 47% | Current |
| Gateway Center South | Brooklyn, NY | Retail | $162.5M | 6.873% | Jun 2028 | 1.69x | 98% | Current |
| 685 Fifth Avenue Retail | New York, NY | Retail | $160.0M | 3.871% | Jul 2028 | 3.13x | 100% | With the special servicer |
| 1745 Broadway | New York, NY | Office | $144.0M | 3.768% | Jun 2028 | 2.52x | 88% | Current |
| 65 Broadway, New York (2028 maturity), loan 4Sb in CF 2019-CF1 Mortgage Trust | New York, NY | Office | $136.0M | 4.935% | Dec 2028 | n/a | n/a | Current |
All loans maturing in 2028 · All New York-Newark-Jersey City loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting periods ending September 8, 2026, September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.