Hotel · Phoenix, Arizona
Marriott Phoenix Airport
Marriott Phoenix Airport is financed with a $33.9M CMBS loan at 4.128% that reaches maturity on December 6, 2029, in 3 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
- $33,896,259
- Original balance (same notes)
- $40,000,000
- Interest rate
- 4.128% fixed
- Originated
- November 22, 2019
- Maturity
- December 6, 2029
- Payments
- Amortizing over 27 years
- Prepayment lockout ends
- October 5, 2029
- Master servicer
- Trimont LLC
- Originator
- Ladder Capital Finance LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently June 6, 2020
- Defeasance
- None reported
The property
- Address
- 1101 North 44th Street, Phoenix, AZ 85008
- Metro
- Phoenix-Mesa-Chandler, AZ
- Units, rooms or beds
- 345
- Built
- 1999, renovated 2019
- Value at securitization
- $76.1M (Oct 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.31x | 3.79x |
| Occupancy | 52% | 69% |
| Net operating income | $5.7M | $9.3M |
| Debt yield | 27.5% |
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 CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-C7 filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 2026.
- 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 risen from 52% when the loan was securitized to 69%.
- Net operating income is 64% above the underwritten figure ($9.3M a year against $5.7M).
- Debt service coverage moved from 2.31x at securitization to 3.79x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $33.9M | Current | No | 3.79x | 69% |
| August 2026 | $34.0M | Current | No | 3.85x | 69% |
| July 2026 | $34.1M | Current | No | 3.85x | 69% |
| June 2026 | $34.2M | Current | No | 3.34x | 65% |
| May 2026 | $34.2M | Current | No | 3.34x | 65% |
| April 2026 | $34.3M | Current | No | 3.34x | 65% |
| March 2026 | $34.4M | Current | No | 3.34x | 65% |
| February 2026 | $34.5M | Current | No | 3.20x | 64% |
| January 2026 | $34.6M | Current | No | 3.20x | 64% |
| December 2025 | $34.7M | Current | No | 3.20x | 64% |
| November 2025 | $34.7M | Current | No | 3.25x | 64% |
| October 2025 | $34.8M | Current | No | 3.25x | 64% |
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 |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-C7 | 8 | $33,896,259 | Sep 2026 | SEC filing, September 30, 2026 |
Other Phoenix-Mesa-Chandler loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 3900 Camelback | Phoenix, AZ | Office | $37.5M | 3.48% | Dec 2029 | 1.93x | 24% | Current |
| 4041 Central | Phoenix, AZ | Office | $36.7M | 3.66% | Oct 2029 | 1.90x | 71% | Delinquent |
| Embassy Suites Scottsdale | Scottsdale, AZ | Hotel | $35.5M | 5.915% | Feb 2029 | 2.02x | 81% | Current |
| Riverwalk Business Park | Scottsdale, AZ | Office | $34.5M | 7.718% | Dec 2029 | 2.39x | 95% | Current |
| Papago Gateway Center | Tempe, AZ | Office | $34.0M | 8.248% | Mar 2029 | 2.33x | 99% | Current |
| Scottsdale Center | Scottsdale, AZ | Office | $24.4M | 5.145% | Jan 2029 | 2.68x | 98% | Current |
| Greenway Park Plaza | Phoenix, AZ | Retail | $19.0M | 3.80% | Oct 2029 | 2.00x | 97% | Current |
| Residence Inn - Phoenix Chandler South | Chandler, AZ | Hotel | $16.0M | 4.30% | Nov 2029 | n/a | n/a | Current |
All loans maturing in 2029 · All Phoenix-Mesa-Chandler 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.