Hotel · Brewster, Massachusetts
Ocean Edge Resort & Golf Club
Public CMBS trusts hold $60.3M of the loan on Ocean Edge Resort & Golf Club at 3.75% that reaches maturity on October 1, 2029, in 2 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $60,315,753
- Original balance (same notes)
- $70,000,000
- Interest rate
- 3.75%
- Originated
- September 6, 2019
- Maturity
- October 1, 2029
- Payments
- Amortizing over 30 years
- Master servicer
- KeyBank Real Estate Capital
- Originator
- KeyBank
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Modified
- Yes, most recently March 1, 2020
- Defeasance
- None reported
The property
- Address
- 2907 Main Street, Brewster, MA 02631
- Units, rooms or beds
- 337
- Built
- 1912
- Value at securitization
- $135.4M (May 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 2.47x |
| Occupancy | 42% | 38% |
| Net operating income | n/a | $9.6M |
| Debt yield | 15.9% |
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 BBCMS Mortgage Trust 2019-C5 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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 fallen from 42% when the loan was securitized to 38%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $60.3M | Not reported | No | 2.47x | 38% |
| August 2026 | $60.4M | Not reported | No | 2.46x | 39% |
| July 2026 | $60.6M | Not reported | No | 2.46x | 39% |
| June 2026 | $60.7M | Not reported | No | 2.46x | 39% |
| May 2026 | $60.8M | Not reported | No | 2.46x | 39% |
| April 2026 | $61.0M | Not reported | No | 2.46x | 39% |
| March 2026 | $61.1M | Not reported | No | 2.32x | 45% |
| February 2026 | $61.2M | Not reported | No | 2.32x | 45% |
| January 2026 | $61.4M | Not reported | No | 2.32x | 45% |
| December 2025 | $61.5M | Not reported | No | 6.07x | 45% |
| November 2025 | $61.6M | Not reported | No | 2.32x | 48% |
| October 2025 | $61.7M | Not reported | No | 2.12x | 48% |
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 |
|---|---|---|---|---|
| CF 2019-CF2 Mortgage Trust | 3 | $34,466,144 | Sep 2026 | SEC filing, September 30, 2026 |
| BBCMS Mortgage Trust 2019-C5 | 11-A2 | $25,849,608 | Sep 2026 | SEC filing, September 29, 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.