Hotel · Charlotte, North Carolina
Renaissance Charlotte Southpark Hotel
Renaissance Charlotte Southpark Hotel is financed with a $19.8M CMBS loan at 6.53% that reaches maturity on May 11, 2033, in 6 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $19,757,025
- Original balance (same notes)
- $20,500,000
- Interest rate
- 6.53% fixed
- Originated
- April 25, 2023
- Maturity
- May 11, 2033
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- February 10, 2033
- Master servicer
- Trimont LLC
- Originator
- WFB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 5501 Carnegie Boulevard, Charlotte, NC 28209
- Metro
- Charlotte-Concord-Gastonia, NC-SC
- Units, rooms or beds
- 264
- Built
- 1989, renovated 2019
- Value at securitization
- $48.0M (Mar 2023)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.08x | 1.58x |
| Occupancy | 61% | 57% |
| Net operating income | $3.2M | $2.5M |
| Debt yield | 12.5% |
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 MSWF Commercial Mortgage Trust 2023-1 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Coverage down 0.25x or more from securitization
- 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
- Occupancy has fallen from 61% when the loan was securitized to 57%.
- Net operating income is 24% below the underwritten figure ($2.5M a year against $3.2M).
- Debt service coverage moved from 2.08x at securitization to 1.58x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $19.8M | Current | No | 1.58x | 57% |
| August 2026 | $19.8M | Current | No | 1.95x | 59% |
| July 2026 | $19.8M | Current | No | 1.95x | 59% |
| June 2026 | $19.8M | Current | No | 1.95x | 59% |
| May 2026 | $19.8M | Current | No | 2.53x | 66% |
| April 2026 | $19.9M | Current | No | 2.53x | 66% |
| March 2026 | $19.9M | Current | No | 2.53x | 66% |
| February 2026 | $19.9M | Current | No | 2.53x | 66% |
| January 2026 | $19.9M | Current | No | 2.41x | 69% |
| December 2025 | $19.9M | Current | No | 2.41x | 69% |
| November 2025 | $20.0M | Current | No | 2.41x | 69% |
| October 2025 | $20.0M | Current | No | 2.55x | 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.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| MSWF Commercial Mortgage Trust 2023-1 | 15 | $19,757,025 | Sep 2026 | SEC filing, October 2, 2026 |
Other Charlotte-Concord-Gastonia loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Avidxchange Headquarters | Charlotte, NC | Office | $37.4M | 5.298% | Jan 2033 | 2.93x | 100% | Current |
| Promenade at Carolina Reserve | Indian Land, SC | Retail | $21.4M | 6.92% | Jul 2033 | 1.84x | 100% | Current |
| 425 East Hebron Street | Charlotte, NC | Industrial | $1.3M | 7.28% | Apr 2033 | 1.52x | 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.