Hotel · Nashville, Tennessee
Sheraton Grand Nashville Downtown
Public CMBS trusts hold $130.0M of the loan on Sheraton Grand Nashville Downtown at 5.035% that reaches maturity on October 6, 2028, in 23 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $130,000,000
- Original balance (same notes)
- $130,000,000
- Interest rate
- 5.035% fixed
- Originated
- October 4, 2018
- Maturity
- October 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- May 5, 2028
- Master servicer
- Wells Fargo
- Originator
- AREF
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred June 12, 2020, returned September 10, 2021
- Workout strategy
- Resolved
- Defeasance
- None reported
The property
- Address
- 623 Union Street, Nashville, TN 37219
- Metro
- Nashville-Davidson--Murfreesboro--Franklin, TN
- Units, rooms or beds
- 482
- Built
- 1975, renovated 2014
- Value at securitization
- $276.5M (Sep 2018)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.72x | n/a |
| Occupancy | 80% | n/a |
| Net operating income | $22.2M | n/a |
Watch flags
Computed from the Morgan Stanley Capital I Trust 2019-L2 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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
- The most recent valuation in the filing is $189.3M (May 1, 2021), against $276.5M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $130.0M | Current | No | 2.84x | 80% |
| August 2026 | $130.0M | Current | No | 2.84x | 80% |
| July 2026 | $130.0M | Current | No | 2.84x | 80% |
| June 2026 | $130.0M | Current | No | 2.84x | 80% |
| May 2026 | $130.0M | Current | No | 2.84x | 80% |
| April 2026 | $130.0M | Current | No | 2.70x | 80% |
| March 2026 | $130.0M | Current | No | 2.70x | 79% |
| February 2026 | $130.0M | Current | No | 2.70x | 79% |
| January 2026 | $130.0M | Current | No | 2.70x | 79% |
| December 2025 | $130.0M | Late payment but less than 30 days delinquent | No | 2.70x | 79% |
| November 2025 | $130.0M | Late payment but less than 30 days delinquent | No | 2.64x | 79% |
| October 2025 | $130.0M | Current | No | 2.64x | 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.
Special-servicing history
- Transferred to the special servicer June 12, 2020, returned to the master servicer September 10, 2021.
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
The loan is split into 4 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2018-H4 | 3 | $50,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| CSAIL 2018-C14 Commercial Mortgage Trust | 7 | $30,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| Wells Fargo Commercial Mortgage Trust 2018-C48 | 2 | $30,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Morgan Stanley Capital I Trust 2019-L2 | 22 | $20,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Nashville-Davidson--Murfreesboro--Franklin loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Coolsprings Galleria | Franklin, TN | Retail | $131.4M | 4.839% | May 2028 | 1.95x | 93% | Current |
| Sheraton Music City | Nashville, TN | Hotel | $60.1M | 4.94% | Jun 2028 | 1.87x | 70% | Current |
| Hilton Garden Inn Nashville Smyrna | Smyrna, TN | Hotel | $42.7M | 5.00% | Aug 2028 | n/a | n/a | With the special servicer |
| Spring Hill Logistics Center | Spring Hill, TN | Industrial | $25.0M | 4.609% | Jun 2028 | 3.03x | 100% | Current |
| Pin Oaks | Nashville, TN | Industrial | $11.5M | 4.795% | Jul 2028 | 2.52x | 96% | Current |
| Hickory View Apartments | Nashville, TN | Multifamily | $10.6M | 5.47% | Mar 2028 | 1.81x | 95% | Current |
| Home2 Suites - Franklin Cool Springs | Franklin, TN | Hotel | $10.4M | 5.11% | Dec 2028 | 1.32x | 69% | Current |
| Marketplace Center at Murfreesboro | Murfreesboro, TN | Retail | $7.5M | 5.21% | Oct 2028 | 1.80x | 73% | Current |
All loans maturing in 2028 · All Nashville-Davidson--Murfreesboro--Franklin 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.