Hotel · Bellingham, Washington
Marriott SpringHill Suites and Towneplace Suites
Public CMBS trusts hold $19.3M of the loan on Marriott SpringHill Suites and Towneplace Suites at 4.30% that reaches maturity on June 6, 2029, in 2 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
- $19,312,784
- Original balance (same notes)
- $22,300,000
- Interest rate
- 4.30%
- Originated
- June 6, 2019
- Maturity
- June 6, 2029
- Payments
- Amortizing over 30 years
- Master servicer
- KeyBank Real Estate Capital
- Originator
- SMC
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 4040 and 4050 Northwest Avenue, Bellingham, WA 98226
- Units, rooms or beds
- 205
- Built
- 2013
- Value at securitization
- $45.0M (Apr 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.73x |
| Occupancy | 76% | 49% |
| Net operating income | n/a | $2.3M |
| Debt yield | 11.8% |
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 CF 2019-CF2 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 2026.
- Occupancy down 10 points 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 76% when the loan was securitized to 49%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $19.3M | Current | No | 1.73x | 65% |
| August 2026 | $19.4M | Current | No | 1.73x | 65% |
| July 2026 | $19.4M | Current | No | 1.73x | 65% |
| June 2026 | $19.4M | Current | No | 1.79x | 66% |
| May 2026 | $19.5M | Current | No | 1.95x | 68% |
| April 2026 | $19.5M | Current | No | 1.95x | 68% |
| March 2026 | $19.6M | Late payment but less than 30 days delinquent | No | 1.95x | 68% |
| February 2026 | $19.6M | Current | No | 1.95x | 68% |
| January 2026 | $19.6M | Current | No | 1.95x | 68% |
| December 2025 | $19.7M | Current | No | 1.95x | 68% |
| November 2025 | $19.7M | Current | No | 2.12x | 69% |
| October 2025 | $19.7M | Current | No | 2.12x | 69% |
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 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2019-C4 | 29 | $10,652,342 | Sep 2026 | SEC filing, September 29, 2026 |
| CF 2019-CF2 Mortgage Trust | 32 | $8,660,441 | Sep 2026 | SEC filing, September 30, 2026 |
Other Washington loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Cordata Center North | Bellingham, WA | Retail | $13.4M | 4.879% | Apr 2029 | 1.64x | 100% | 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.