Hotel · Myrtle Beach, South Carolina
Marriott Myrtle Beach Grande Dunes Resort
Public CMBS trusts hold $97.5M of the loan on Marriott Myrtle Beach Grande Dunes Resort at 6.145% that reaches maturity on July 11, 2034, in 7 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $97,531,092
- Original balance (same notes)
- $100,000,000
- Interest rate
- 6.145% fixed
- Originated
- July 2, 2024
- Maturity
- July 11, 2034
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- January 10, 2034
- Master servicer
- Wells Fargo Bank, NA
- Originator
- WFB, JPMCB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 8400 Costa Verde Drive, Myrtle Beach, SC 29572
- Units, rooms or beds
- 405
- Built
- 2003, renovated 2017
- Value at securitization
- $223.0M (Apr 2025)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.93x | 2.81x |
| Occupancy | 70% | 64% |
| Net operating income | $21.4M | $20.6M |
| Debt yield | 21.1% |
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 2024-BNK48 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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.
What the filing shows
- Occupancy has fallen from 70% when the loan was securitized to 64%.
- Debt service coverage moved from 2.93x at securitization to 2.81x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $97.5M | Current | No | 2.81x | 64% |
| August 2026 | $97.6M | Current | No | 2.81x | 64% |
| July 2026 | $97.7M | Current | No | 2.81x | 64% |
| June 2026 | $97.8M | Current | No | 2.87x | 66% |
| May 2026 | $97.9M | Current | No | 2.87x | 66% |
| April 2026 | $98.0M | Current | No | 2.87x | 66% |
| March 2026 | $131.2M | Current | No | 2.87x | 66% |
| February 2026 | $98.3M | Current | No | 2.79x | 66% |
| January 2026 | $98.3M | Current | No | 2.79x | 66% |
| December 2025 | $98.4M | Current | No | 2.73x | 66% |
| November 2025 | $98.5M | Current | No | 2.73x | 66% |
| October 2025 | $98.6M | Current | No | 2.73x | 66% |
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
The loan is split into 4 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2024-C63 | 3 | $43,888,991 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK 2024-BNK48 | 11 | $29,259,327 | Sep 2026 | SEC filing, October 1, 2026 |
| Wells Fargo Commercial Mortgage Trust 2024-C63 | 3A | $14,629,664 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK 2024-BNK48 | 11A | $9,753,109 | Sep 2026 | SEC filing, October 1, 2026 |
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.