Hotel · Seattle, Washington
Renaissance Seattle Hotel
Public CMBS trusts hold $127.0M of the loan on Renaissance Seattle Hotel at 4.81% that reaches maturity on June 6, 2027, in 7 months. As of the Sep 2026 and Oct 2026 servicer reports its status is current.
The loan
- Balance in tracked trusts
- $127,000,000
- Original balance (same notes)
- $127,000,000
- Interest rate
- 4.81% fixed
- Originated
- May 2, 2017
- Maturity
- June 6, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 5, 2027
- Master servicer
- Midland Loan Services
- Originator
- LoanCore Capital Markets LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently July 6, 2020
- Defeasance
- None reported
The property
- Address
- 515 Madison Street, Seattle, WA 98104
- Metro
- Seattle-Tacoma-Bellevue, WA
- Units, rooms or beds
- 557
- Built
- 1978, renovated 2017
- Value at securitization
- $229.7M (Mar 2017)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.58x | 0.41x |
| Occupancy | 82% | 66% |
| Net operating income (annualized from 3 months) | $16.0M | $2.5M |
| Debt yield | 2.0% |
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 JPMCC Commercial Mortgage Securities Trust 2019-COR4 filing for the reporting period ending October 6, 2026, filed with the SEC October 21, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Matures within 12 months
- Modified
On the cmbs.news watch list in every report since July 2026.
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 82% when the loan was securitized to 66%.
- Net operating income is 84% below the underwritten figure ($2.5M a year against $16.0M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.58x at securitization to 0.41x on the latest statements.
- At 0.41x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $77.0M | Current | No | 0.41x | 66% |
| September 2026 | $127.0M | Current | No | 0.41x | 66% |
| August 2026 | $127.0M | Current | No | 0.41x | 61% |
| July 2026 | $127.0M | Current | No | 0.41x | 61% |
| June 2026 | $127.0M | Current | No | n/a | n/a |
| May 2026 | $127.0M | Current | No | n/a | n/a |
| April 2026 | $127.0M | Current | No | 1.64x | 70% |
| March 2026 | $127.0M | Current | No | 1.64x | 70% |
| February 2026 | $127.0M | Current | No | 1.81x | 70% |
| January 2026 | $127.0M | Current | No | 1.81x | 73% |
| December 2025 | $127.0M | Current | No | 1.81x | 73% |
| November 2025 | $127.0M | Current | No | 1.01x | 73% |
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 |
|---|---|---|---|---|
| JPMCC Commercial Mortgage Securities Trust 2019-COR4 | 1 | $77,000,000 | Oct 2026 | SEC filing, October 21, 2026 |
| COMM 2017-COR2 Mortgage Trust | 5 | $50,000,000 | Sep 2026 | SEC filing, September 25, 2026 |
Other Seattle-Tacoma-Bellevue loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Komo Plaza | Seattle, WA | Mixed use | $139.0M | 4.299% | Jan 2027 | 2.85x | 100% | Current |
| Westin Building Exchange | Seattle, WA | Other | $135.0M | 3.29% | Jul 2027 | 18.47x | 71% | Current |
| Grand Hyatt Seattle | Seattle, WA | Hotel | $133.0M | 4.74% | Jun 2027 | -0.24x | 66% | Current |
| Bravern Office Commons | Bellevue, WA | Office | $75.0M | 3.203% | Jan 2027 | 3.54x | 100% | With the special servicer and 90+ days delinquent |
| 1000 Denny Way | Seattle, WA | Office | $56.0M | 5.107% | Feb 2027 | 1.69x | 57% | With the special servicer |
| Centre 425 Bellevue, Bellevue (2027 maturity), loan 8 in CSAIL 2017-CX10 Commercial Mortgage Trust | Bellevue, WA | Office | $44.0M | 4.151% | Nov 2027 | 1.94x | 100% | Current |
| Centre 425 Bellevue, Bellevue (2027 maturity), loan 4 in UBS Commercial Mortgage Trust 2017-C5 | Bellevue, WA | Office | $40.0M | 4.151% | Nov 2027 | 4.53x | 100% | Current |
| Meridian Sunrise Village | Puyallup, WA | Retail | $35.0M | 4.62% | Oct 2027 | 2.41x | 96% | Current |
All loans maturing in 2027 · All Seattle-Tacoma-Bellevue loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting periods ending September 8, 2026, October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.