Hotel portfolio, 7 properties · Highlands, North Carolina
Old Edwards Portfolio
Public CMBS trusts hold $70.0M of the loan on this portfolio at 7.089% that reaches maturity on September 6, 2031, in 4 years and 10 months. As of the Sep 2026 and Oct 2026 servicer reports its status is current.
The loan
- Balance in tracked trusts
- $70,000,000
- Original balance (same notes)
- $70,000,000
- Interest rate
- 7.089% fixed
- Originated
- August 7, 2026
- Maturity
- September 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- June 5, 2031
- Master servicer
- Midland
- Originator
- German American Capital Corporation
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 445 & 594 Main Street 11 and 28 W. Church Street, Highlands, NC 28741
- Value at securitization
- $276.9M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $26.6M | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2026-5C43 filing for the reporting period ending October 13, 2026, filed with the SEC October 6, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Old Edwards Portfolio | Highlands, NC | Lodging | n/a | n/a |
| The Reserve | Sunset, SC | Lodging | n/a | n/a |
| Old Edwards Club | Cashiers, NC | Mixed Use | n/a | n/a |
| 200 Main | Highlands, NC | Lodging | n/a | n/a |
| Rivet House | Athens, GA | Lodging | n/a | n/a |
| Half-Mile Farm | Highlands, NC | Lodging | n/a | n/a |
| GlenCove | Cashiers, NC | Lodging | n/a | n/a |
The last 3 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $20.0M | Current | No | n/a | n/a |
| September 2026 | $50.0M | Current | No | n/a | n/a |
| August 2026 | $50.0M | Payment not received but still in grace period or not yet due | No | n/a | n/a |
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 |
|---|---|---|---|---|
| Benchmark 2026-V23 Mortgage Trust | 3 | $50,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BBCMS Mortgage Trust 2026-5C43 | 16 | $20,000,000 | Oct 2026 | SEC filing, October 6, 2026 |
Other North Carolina loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Addison Ridge Phases I & III | Fayetteville, NC | Multifamily | $67.0M | 5.60% | Jan 2031 | n/a | n/a | Current |
| Harris Building | Charlotte, NC | Office | $64.0M | 6.367% | Apr 2031 | n/a | n/a | Current |
| Greenrock Estates | Charlotte, NC | Multifamily | $33.0M | 5.92% | Apr 2031 | n/a | n/a | Current |
| Forty 540 Ii | Morrisville, NC | Office | $30.7M | 6.877% | Feb 2031 | n/a | n/a | Current |
| Greensboro-High Point Marriott Airport | Greensboro, NC | Hotel | $23.0M | 7.79% | Jun 2031 | n/a | n/a | Current |
| Paragon Films Sale-Leaseback | Taylorsville, NC | Industrial | $21.8M | 3.45% | Aug 2031 | n/a | n/a | Current |
| Dreamland Shopping Center | Asheville, NC | Retail | $20.1M | 3.356% | Aug 2031 | 8.33x | 83% | Current |
| Osprey Cove North | Jacksonville, NC | Multifamily | $16.6M | 6.33% | Feb 2031 | n/a | n/a | Delinquent |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting periods ending September 11, 2026, October 13, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.