Hotel · Mentor, Ohio
Holiday Inn Mentor Ohio
7701 and 7703 Reynolds Road, Mentor, OH · Google Maps
Holiday Inn Mentor Ohio is financed with a $10.0M CMBS loan at 7.71% that reaches maturity on August 1, 2031, in 4 years and 9 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $10,000,000
- Original balance (same notes)
- $10,000,000
- Interest rate
- 7.71% fixed
- Originated
- July 8, 2026
- Maturity
- August 1, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 30, 2031
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 7701 and 7703 Reynolds Road, Mentor, OH 44060
- Metro
- Cleveland, OH
- Units, rooms or beds
- 132
- Built
- 1973
- Value at securitization
- $15.7M (Apr 2026)
Performance
| Measure | At securitization | Latest |
|---|---|---|
| DSCR (NOI) | 2.02x | n/a |
| Occupancy | 75% | n/a |
| Net operating income | $1.6M | n/a |
Comparable loans: hotel properties in Cleveland, OH, with NOI, occupancy and value.
Watch flags
Computed from the BANK5 2026-5YR24 filing for the reporting period ending October 13, 2026, filed with the SEC October 30, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
Who is behind this loan
- Non-recourse carveout guarantor and sponsor
- Shown with Pro
- Parties and contacts named by the trust
- Shown with Pro
Source: SEC Form 424B2 prospectus, Annex A-1, filed Aug 2026.
Source: SEC Form 10-D, Exhibit 99.1 distribution statement, filed Oct 2026.
Operating statement
| Annual | At securitization | Latest | Per unit |
|---|---|---|---|
| Revenue | $4.8M | n/a | |
| Operating expenses | $3.2M | n/a | |
| Net operating income | $1.6M | n/a | |
| Net cash flow | $1.4M | n/a | |
| Expense ratio | 67.2% | n/a |
From the servicer's Schedule AL report; 132 units.
Refinance and early payoff, at today's rates
This estimate uses today's Treasury curve and needs JavaScript.
Rough estimates, not quotes. New loan: the filed NOI divided by the coverage you set, at the Treasury yield for the term plus your spread. Early payoff: the present value of the remaining scheduled payments to the open date at today's Treasury yields, less the balance, which is roughly what defeasance or yield maintenance costs. Loan documents, fees and the securities bought change the real number. Treasury yields: U.S. Treasury daily par curve.
The last 3 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $10.0M | Current | No | n/a | n/a |
| September 2026 | $10.0M | Current | No | n/a | n/a |
| August 2026 | $10.0M | Current | No | 1.99x | 75% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements.
Where the loan sits
One trust holds this loan in the data.
| Trust | Asset no. in that trust | Balance | Report period | Source |
|---|---|---|---|---|
| BANK5 2026-5YR24 | 28 | $10,000,000 | Oct 2026 | SEC filing, October 30, 2026 |
Other Cleveland loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Midtown Towers | Parma, OH | Multifamily | $47.5M | 5.91% | Sep 2031 | n/a | n/a | Current |
| 1010 Building and Heinens Rotunda Building | Cleveland, OH | Mixed use | $22.1M | 4.68% | Jul 2031 | 1.12x | 95% | Current |
| Cleveland Dual Brand Hotel | Independence, OH | Hotel | $20.9M | 8.31% | Jan 2031 | 1.34x | 59% | Current |
| The Westbury Apartments | North Olmsted, OH | Multifamily | $18.5M | 6.45% | Sep 2031 | n/a | n/a | Current |
| 23000 Millcreek Boulevard | Highland Hills, OH | Office | $17.0M | 2.70% | Jan 2031 | 4.12x | 90% | Current |
| 32 West Apartments | Cleveland, OH | Multifamily | $10.4M | 7.049% | Apr 2031 | 1.61x | n/a | Current |
| Beachwood Office Park | Beachwood, OH | Office | $5.5M | 4.09% | Jul 2031 | 2.54x | 98% | Current |
| Pinebrook Apartments | Lorain, OH | Multifamily | $4.5M | 3.15% | Sep 2031 | 5.98x | 90% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 13, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.