Hotel portfolio, 6 properties · Multiple locations
Navika Six Portfolio
Public CMBS trusts hold $30.1M of the loan on this portfolio at 4.755% that reaches maturity on September 1, 2028, in 22 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $30,093,595
- Original balance (same notes)
- $35,000,000
- Interest rate
- 4.755% fixed
- Originated
- August 29, 2018
- Maturity
- September 1, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- April 30, 2028
- Master servicer
- Trimont LLC
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred March 29, 2021, returned July 21, 2023
- Workout strategy
- Resolved
- Modified
- Yes, most recently May 1, 2020
- Defeasance
- None reported
The property
- Units, rooms or beds
- 803
- Value at securitization
- $126.6M
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.27x | 1.88x |
| Occupancy | 77% | 68% |
| Net operating income | $11.5M | $9.5M |
| Debt yield | 31.6% |
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 2018-BNK14 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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 77% when the loan was securitized to 68%.
- Net operating income is 17% below the underwritten figure ($9.5M a year against $11.5M).
- Debt service coverage moved from 2.27x at securitization to 1.88x on the latest statements.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $30.1M | Current | No | 1.88x | 68% |
| August 2026 | $30.2M | Current | No | 1.88x | 68% |
| July 2026 | $30.2M | Current | No | 1.88x | 68% |
| May 2026 | $30.3M | Current | No | 1.87x | 69% |
| April 2026 | $30.4M | Current | No | 1.87x | 69% |
| March 2026 | $30.5M | Current | No | 1.87x | 69% |
| February 2026 | $30.5M | Current | No | 1.87x | 69% |
| January 2026 | $30.6M | Current | No | 2.19x | 70% |
| December 2025 | $30.6M | Current | No | 2.19x | 70% |
| November 2025 | $30.7M | Current | No | 2.19x | 70% |
| October 2025 | $30.8M | Current | No | 2.19x | 70% |
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 March 29, 2021, returned to the master servicer July 21, 2023.
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 2018-BNK14 | 17 | $30,093,595 | Sep 2026 | SEC filing, October 1, 2026 |
Other hotel loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Starwood Hotel Portfolio | Hotel | $265.0M | 5.15% | Sep 2028 | 0.93x | 63% | With the special servicer | |
| Philadelphia Marriott Downtown | Philadelphia, PA | Hotel | $205.0M | 8.705% | Nov 2028 | 1.24x | 65% | Current |
| Sheraton Grand Nashville Downtown | Nashville, TN | Hotel | $130.0M | 5.035% | Oct 2028 | n/a | n/a | Current |
| InterContinental San Francisco | San Francisco, CA | Hotel | $91.4M | 4.145% | Jan 2028 | 0.54x | 65% | Current |
| Northwest Hotel Portfolio | Hotel | $90.3M | 5.018% | Apr 2028 | 1.55x | 78% | Current | |
| Holiday Inn Fidi | New York, NY | Hotel | $87.0M | 5.12% | Oct 2028 | -0.08x | 38% | Late, less than 30 days |
| Virginia Beach Hotel Portfolio | VA | Hotel | $81.2M | 4.913% | Sep 2028 | 2.18x | 64% | Current |
| Hyatt at Olive 8 | Seattle, WA | Hotel | $78.0M | 4.84% | Apr 2028 | n/a | n/a | 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.