Hotel · Whippany, New Jersey
Marriott Hanover
Marriott Hanover is financed with a $57.8M CMBS loan at 4.85% that reaches maturity on April 11, 2029, in 2 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
- $57,833,805
- Original balance (same notes)
- $60,000,000
- Interest rate
- 4.85% fixed
- Originated
- March 28, 2019
- Maturity
- April 11, 2029
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- January 10, 2029
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred April 2, 2021, returned November 2, 2021
- Workout strategy
- Resolved
- Modified
- Yes, most recently September 11, 2020
- Defeasance
- None reported
The property
- Address
- 1401 Route 10 East, Whippany, NJ 07981
- Metro
- New York-Newark-Jersey City, NY-NJ
- Units, rooms or beds
- 353
- Built
- 1986, renovated 2019
- Value at securitization
- $103.3M (Feb 2020)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.15x | 1.89x |
| Occupancy | 72% | 64% |
| Net operating income | $8.2M | $7.2M |
| Debt yield | 12.4% |
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 BANK 2019-BNK18 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- Modified
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 72% when the loan was securitized to 64%.
- Net operating income is 12% below the underwritten figure ($7.2M a year against $8.2M).
- Debt service coverage moved from 2.15x at securitization to 1.89x on the latest statements.
- The most recent valuation in the filing is $66.1M (May 24, 2021), against $103.3M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $57.8M | Current | No | 1.89x | 64% |
| August 2026 | $57.9M | Current | No | 1.89x | 64% |
| July 2026 | $58.0M | Current | No | 1.72x | 66% |
| June 2026 | $58.1M | Current | No | 1.72x | 66% |
| May 2026 | $58.1M | Current | No | 1.72x | 66% |
| April 2026 | $58.2M | Current | No | 1.90x | 66% |
| March 2026 | $58.3M | Current | No | 1.90x | 66% |
| February 2026 | $58.4M | Current | No | 2.92x | 66% |
| January 2026 | $58.5M | Current | No | 2.92x | 66% |
| December 2025 | $58.5M | Current | No | 2.92x | 66% |
| November 2025 | $58.6M | Current | No | 2.92x | 66% |
| October 2025 | $58.7M | Current | No | 1.81x | 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.
Special-servicing history
- Transferred to the special servicer April 2, 2021, returned to the master servicer November 2, 2021.
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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2019-BNK18 | 7 | $57,833,805 | Sep 2026 | SEC filing, September 29, 2026 |
Other New York-Newark-Jersey City loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 1633 Broadway | New York, NY | Office | $780.0M | 2.99% | Dec 2029 | 2.87x | 76% | Current |
| 650 Madison Avenue | New York, NY | Mixed use | $545.8M | 3.486% | Dec 2029 | 1.25x | 62% | Current |
| Queens Center | Elmhurst, NY | Retail | $510.0M | 5.37% | Nov 2029 | 1.94x | 93% | Current |
| 3 Columbus Circle | New York, NY | Mixed use | $490.0M | 3.914% | Mar 2029 | 2.80x | 90% | Current |
| 30 Hudson Yards | New York, NY | Office | $422.0M | 3.11% | Jul 2029 | n/a | n/a | Current |
| 55 Hudson Yards | New York, NY | Office | $371.7M | 2.95% | Dec 2029 | n/a | n/a | Current |
| Gateway Center North | Brooklyn, NY | Retail | $300.0M | 6.827% | Nov 2029 | n/a | n/a | Current |
| 640 5th Avenue | New York, NY | Mixed use | $288.6M | 6.129% | Jul 2029 | 2.35x | 90% | Current |
All loans maturing in 2029 · All New York-Newark-Jersey City 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.