Hotel · Austin, Texas
Residence Inn Austin Northwest
Residence Inn Austin Northwest is financed with a $20.9M CMBS loan at 7.419% that reaches maturity on September 6, 2033, in 6 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $20,850,000
- Original balance (same notes)
- $20,850,000
- Interest rate
- 7.419% fixed
- Originated
- August 16, 2023
- Maturity
- September 6, 2033
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ended
- October 5, 2025
- Prepayment premium ends
- March 5, 2033 (yield maintenance)
- Originator
- Barclays Capital Real Estate Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 11301 Burnet Road, Austin, TX 78758
- Metro
- Austin-Round Rock-San Marcos, TX
- Units, rooms or beds
- 132
- Built
- 2016
- Value at securitization
- $40.0M (Jul 2023)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.85x | 1.10x |
| Occupancy | 83% | 73% |
| Net operating income (annualized from 3 months) | $3.2M | $1.8M |
| Debt yield | 8.4% |
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 2023-C21 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points 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 83% when the loan was securitized to 73%.
- Net operating income is 45% below the underwritten figure ($1.8M a year against $3.2M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.85x at securitization to 1.10x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $20.9M | Current | No | 1.10x | 73% |
| August 2026 | $20.9M | Current | No | 1.10x | 64% |
| July 2026 | $20.9M | Current | No | 1.10x | 64% |
| June 2026 | $20.9M | Current | No | n/a | n/a |
| May 2026 | $20.9M | Current | No | n/a | n/a |
| April 2026 | $20.9M | Current | No | 1.38x | 72% |
| March 2026 | $20.9M | Current | No | 1.38x | 72% |
| February 2026 | $20.9M | Current | No | 1.56x | 77% |
| January 2026 | $20.9M | Current | No | 1.56x | 77% |
| December 2025 | $20.9M | Current | No | 1.56x | 77% |
| November 2025 | $20.9M | Current | No | 1.78x | 79% |
| October 2025 | $20.9M | Current | No | 1.78x | 79% |
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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2023-C21 | 10 | $20,850,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Austin-Round Rock-San Marcos loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| TownePlace Suites Austin Northwest | Austin, TX | Hotel | $19.1M | 7.419% | Sep 2033 | 1.24x | 69% | Current |
| Holiday Inn Express Dripping Springs | Dripping Springs, TX | Hotel | $11.2M | 7.62% | Jun 2033 | n/a | n/a | Current |
| Triangle Center, Round Rock | Round Rock, TX | Retail | $8.0M | 7.35% | Sep 2033 | 2.35x | 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.