Hotel · Indian Wells, California
Sands Hotel & Spa
Sands Hotel & Spa is financed with a $7.0M CMBS loan at 3.745% that reaches maturity on November 6, 2029, in 3 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,000,000
- Original balance (same notes)
- $7,000,000
- Interest rate
- 3.745% fixed
- Originated
- November 5, 2019
- Maturity
- November 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- December 5, 2022
- Prepayment premium ends
- July 5, 2029 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- Deutsche Bank AG, New York Branch
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 44-985 Province Way, Indian Wells, CA 92210
- Metro
- Riverside-San Bernardino-Ontario, CA
- Units, rooms or beds
- 46
- Built
- 1959, renovated 2018
- Value at securitization
- $18.7M (Aug 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 4.65x | 14.43x |
| Occupancy | 60% | 84% |
| Net operating income (annualized from 6 months) | $1.2M | $7.7M |
| Debt yield | 110.5% |
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 BENCHMARK 2019-B15 MORTGAGE TRUST filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 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.
What the filing shows
- Occupancy has risen from 60% when the loan was securitized to 84%.
- Net operating income is 526% above the underwritten figure ($7.7M a year against $1.2M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 4.65x at securitization to 14.43x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.0M | Current | No | 14.43x | 84% |
| August 2026 | $7.0M | Current | No | n/a | n/a |
| July 2026 | $7.0M | Current | No | n/a | n/a |
| June 2026 | $7.0M | Current | No | n/a | n/a |
| May 2026 | $7.0M | Current | No | n/a | n/a |
| April 2026 | $7.0M | Current | No | 6.72x | 71% |
| March 2026 | $7.0M | Current | No | 7.38x | 71% |
| February 2026 | $7.0M | Current | No | 7.38x | 70% |
| January 2026 | $7.0M | Current | No | 7.38x | 70% |
| December 2025 | $7.0M | Current | No | 7.38x | 70% |
| November 2025 | $7.0M | Current | No | 7.38x | 70% |
| October 2025 | $7.0M | Current | No | 12.57x | 77% |
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 |
|---|---|---|---|---|
| BENCHMARK 2019-B15 MORTGAGE TRUST | 28 | $7,000,000 | Sep 2026 | SEC filing, September 30, 2026 |
Other Riverside-San Bernardino-Ontario loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Springs | Palm Springs, CA | Retail | $167.2M | 4.059% | May 2029 | n/a | n/a | Current |
| Galleria at Tyler | Riverside, CA | Retail | $120.0M | 7.919% | Jan 2029 | 1.81x | 85% | Current |
| Metro 3610 | Riverside, CA | Multifamily | $75.5M | 6.181% | Nov 2029 | 1.16x | 95% | Current |
| Jess Ranch Marketplace | Apple Valley, CA | Retail | $58.1M | 3.724% | Aug 2029 | 2.51x | 93% | Current |
| 67660 East Ramon Road | Cathedral City, CA | Self storage | $39.0M | 4.14% | Apr 2029 | n/a | n/a | Current |
| The Glen | San Bernardino, CA | Multifamily | $28.5M | 6.921% | Feb 2029 | 1.18x | 79% | Current |
| Menifee Town Center | Menifee, CA | Retail | $21.7M | 3.86% | Aug 2029 | n/a | n/a | Current |
| Tower Plaza | Temecula, CA | Retail | $19.3M | 4.12% | Jul 2029 | 2.66x | 97% | Current |
All loans maturing in 2029 · All Riverside-San Bernardino-Ontario loans
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.