Hotel · San Marcos, Texas
Homewood Suites San Marcos
Homewood Suites San Marcos is financed with a $10.0M CMBS loan at 6.83% that reaches maturity on December 1, 2028, in 2 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $10,000,000
- Original balance (same notes)
- $10,000,000
- Interest rate
- 6.83% fixed
- Originated
- December 1, 2023
- Maturity
- December 1, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- July 31, 2028
- Master servicer
- Trimont LLC
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 451 Barnes Drive, San Marcos, TX 78666
- Metro
- Austin-Round Rock-San Marcos, TX
- Units, rooms or beds
- 94
- Built
- 2018
- Value at securitization
- $16.0M (Sep 2023)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.17x | 1.71x |
| Occupancy | 79% | 72% |
| Net operating income | $1.5M | $1.2M |
| Debt yield | 11.9% |
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 BANK5 2024-5YR5 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Coverage down 0.25x or more from securitization
- NOI down 20% 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 79% when the loan was securitized to 72%.
- Net operating income is 21% below the underwritten figure ($1.2M a year against $1.5M).
- Debt service coverage moved from 2.17x at securitization to 1.71x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $10.0M | Current | No | 1.71x | 72% |
| August 2026 | $10.0M | Current | No | 1.71x | 72% |
| July 2026 | $10.0M | Current | No | 1.53x | 69% |
| June 2026 | $10.0M | Current | No | 1.53x | 69% |
| May 2026 | $10.0M | Current | No | 1.53x | 69% |
| April 2026 | $10.0M | Current | No | 1.53x | 69% |
| March 2026 | $10.0M | Current | No | 0.90x | 68% |
| February 2026 | $10.0M | Current | No | 0.90x | 68% |
| January 2026 | $10.0M | Current | No | 1.74x | 67% |
| December 2025 | $10.0M | Current | No | 1.74x | 67% |
| November 2025 | $10.0M | Current | No | 1.74x | 67% |
| October 2025 | $10.0M | Current | No | 1.94x | 75% |
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 |
|---|---|---|---|---|
| BANK5 2024-5YR5 | 17 | $10,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Austin-Round Rock-San Marcos loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Starburst Apartments | Austin, TX | Multifamily | $110.0M | 7.37% | May 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 13785 Research Boulevard | Austin, TX | Office | $65.0M | 5.215% | Mar 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 801 Barton Springs | Austin, TX | Office | $34.5M | 4.015% | May 2028 | 0.55x | 100% | Current |
| Staybridge Suites - Austin Airport | Austin, TX | Hotel | $10.5M | 8.12% | Nov 2028 | n/a | n/a | With the special servicer |
| Staybridge Suites Austin | Austin, TX | Hotel | $10.0M | 5.17% | Jul 2028 | n/a | n/a | Current |
| The Yard | Austin, TX | Industrial | $9.9M | 4.17% | Feb 2028 | n/a | n/a | Current |
| South Brook Town Center | Austin, TX | Retail | $6.9M | 5.058% | Oct 2028 | 1.64x | 100% | Late, less than 30 days |
| Norwood Park | Austin, TX | Retail | $5.5M | 5.19% | May 2028 | 1.74x | 88% | Current |
All loans maturing in 2028 · All Austin-Round Rock-San Marcos loans
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.