Hotel portfolio, 2 properties · Largo, Florida
Natson Hotel Largo Portfolio
This portfolio is financed with a $26.0M CMBS loan at 6.658% that reaches maturity on December 6, 2035, in 9 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
- $26,000,000
- Original balance (same notes)
- $26,000,000
- Interest rate
- 6.658% fixed
- Originated
- November 14, 2025
- Maturity
- December 6, 2035
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- February 5, 2028
- Prepayment premium ends
- October 5, 2035 (yield maintenance)
- Master servicer
- Midland
- Originator
- JPMCB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 100 East Bay Drive, Largo, FL 33770
- Metro
- Tampa-St. Petersburg-Clearwater, FL
- Value at securitization
- $46.3M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $4.0M | $2.8M |
| Debt yield | 10.8% |
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 BANK 2025-BNK51 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- 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
- Net operating income is 29% below the underwritten figure ($2.8M a year against $4.0M).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Natson Hotel Largo Portfolio | Largo, FL | Lodging | 86% | 1.79x |
| 210 Seminole Blvd | Largo, FL | Lodging | 78% | 1.40x |
The last 10 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $26.0M | Current | No | 1.79x | 86% |
| August 2026 | $26.0M | Current | No | 1.68x | 84% |
| July 2026 | $26.0M | Current | No | 1.68x | 84% |
| June 2026 | $26.0M | Current | No | 1.68x | 84% |
| May 2026 | $26.0M | Current | No | n/a | n/a |
| April 2026 | $26.0M | Current | No | n/a | n/a |
| March 2026 | $26.0M | Current | No | n/a | n/a |
| February 2026 | $26.0M | Current | No | n/a | n/a |
| January 2026 | $26.0M | Current | No | n/a | n/a |
| December 2025 | $26.0M | Current | No | 2.06x | 90% |
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 |
|---|---|---|---|---|
| BANK 2025-BNK51 | 11 | $26,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Tampa-St. Petersburg-Clearwater loans due in 2035
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Sweetwater Business Center | Tampa, FL | Industrial | $24.0M | 6.20% | Oct 2035 | n/a | n/a | Current |
| Hilton Garden Tampa Riverview | Riverview, FL | Hotel | $14.5M | 6.912% | Jan 2035 | 2.58x | 76% | 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.