Hotel portfolio, 3 properties · Chattanooga, Tennessee
Residence Inn - Chattanooga
This portfolio is financed with a $22.2M CMBS loan at 4.43% that reaches maturity on November 6, 2026, this month. As of the Oct 2026 servicer report its status is with the special servicer.
The loan
- Balance in tracked trusts
- $22,229,631
- Original balance (same notes)
- $27,500,000
- Interest rate
- 4.43% fixed
- Originated
- November 4, 2016
- Maturity
- November 6, 2026
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- March 5, 2019
- Prepayment premium ends
- August 5, 2026
- Master servicer
- Midland
- Originator
- DBNY
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred May 18, 2026
- Workout strategy
- Full Payoff
- Modified
- Yes, most recently June 5, 2020
- Defeasance
- None reported
The property
- Address
- 2340 Center Street, Chattanooga, TN 37421
- Metro
- Chattanooga, TN-GA
- Value at securitization
- $38.0M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 6 months) | $3.9M | $2.8M |
| Debt yield | 12.4% |
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 CD 2017-CD3 Mortgage Trust filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 2026.
- With the special servicer
- NOI down 20% or more from securitization
- Matures within 12 months
- Modified
On the cmbs.news watch list in every report since June 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
- Net operating income is 30% below the underwritten figure ($2.8M a year against $3.9M; the latest statement covers 6 months, annualized).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Residence Inn - Chattanooga | Chattanooga, TN | Lodging | 63% | 0.37x |
| TownePlace Suites - Chattanooga | Chattanooga, TN | Lodging | 67% | 0.02x |
| Fairfield Inn & Suites - Jacksonville West/Chaffee Point | Jacksonville, FL | Lodging | 82% | 2.76x |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $22.2M | Current | Yes | 0.37x | 63% |
| September 2026 | $22.3M | Current | Yes | 0.16x | 63% |
| August 2026 | $22.3M | Current | Yes | 0.16x | 57% |
| July 2026 | $22.4M | Payment not received but still in grace period or not yet due | Yes | 0.16x | 57% |
| June 2026 | $22.4M | Current | Yes | 0.16x | 57% |
| May 2026 | $22.5M | Current | No | n/a | n/a |
| April 2026 | $22.6M | Current | No | 0.57x | 66% |
| March 2026 | $22.6M | Current | No | 0.57x | 66% |
| February 2026 | $22.7M | Current | No | 0.57x | 66% |
| January 2026 | $22.7M | Current | No | 0.57x | 68% |
| December 2025 | $22.8M | Current | No | 0.57x | 68% |
| November 2025 | $22.8M | Current | No | 0.80x | 68% |
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.
Special-servicing history
- Transferred to the special servicer May 18, 2026, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CD 2017-CD3 Mortgage Trust | 19 | $22,229,631 | Oct 2026 | SEC filing, October 22, 2026 |
Other Chattanooga loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Integer Medical Manufacturing Facility | Trenton, GA | Industrial | $7.4M | 4.60% | Oct 2026 | 2.09x | 100% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.