Hotel · Santee, South Carolina
Holiday Inn Santee
Holiday Inn Santee is financed with a $7.5M CMBS loan at 7.88% that reaches maturity on June 6, 2033, in 6 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,505,268
- Original balance (same notes)
- $7,575,000
- Interest rate
- 7.88% fixed
- Originated
- May 26, 2023
- Maturity
- June 6, 2033
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- March 5, 2033
- Master servicer
- Midland Loan Services
- Originator
- LMF Commercial, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 139 Bradford Boulevard, Santee, SC 29142
- Units, rooms or beds
- 84
- Built
- 2005, renovated 2015
- Value at securitization
- $11.7M (May 2023)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.67x | -0.02x |
| Occupancy | 74% | 68% |
| Net operating income (annualized from 3 months) | $1.1M | $-16K |
| Debt yield | -0.2% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the BMO 2023-C6 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in every report since June 2026.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Occupancy has fallen from 74% when the loan was securitized to 68%.
- Net operating income is 101% below the underwritten figure ($-16K a year against $1.1M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.67x at securitization to -0.02x on the latest statements.
- At -0.02x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.5M | Current | No | -0.02x | 68% |
| August 2026 | $7.5M | Current | No | -0.02x | 56% |
| July 2026 | $7.5M | Current | No | -0.02x | 56% |
| June 2026 | $7.5M | Current | No | -0.02x | 56% |
| May 2026 | $7.5M | Current | No | n/a | n/a |
| April 2026 | $7.5M | Current | No | 0.24x | 63% |
| March 2026 | $7.5M | Current | No | 0.24x | 63% |
| February 2026 | $7.5M | Current | No | 0.24x | 63% |
| January 2026 | $7.5M | Current | No | 0.13x | 73% |
| December 2025 | $7.5M | Current | No | 0.13x | 73% |
| November 2025 | $7.6M | Current | No | 0.58x | 73% |
| October 2025 | $7.6M | Current | No | 0.10x | 73% |
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 |
|---|---|---|---|---|
| BMO 2023-C6 Mortgage Trust | 24 | $7,505,268 | Sep 2026 | SEC filing, October 2, 2026 |
Other South Carolina loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Northwoods Marketplace | North Charleston, SC | Retail | $219.5M | 6.446% | Sep 2033 | n/a | n/a | Current |
| Promenade at Carolina Reserve | Indian Land, SC | Retail | $21.4M | 6.92% | Jul 2033 | 1.84x | 100% | Current |
| Residence Inn Charleston Summerville | Summerville, SC | Hotel | $9.5M | 7.332% | Sep 2033 | 2.76x | 83% | Current |
| Courtyard Charleston Summerville | Summerville, SC | Hotel | $9.0M | 7.332% | Sep 2033 | 3.24x | 81% | 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.