Hotel · Atlantic City, New Jersey
Showboat Hotel, Atlantic City (2032 maturity)
Public CMBS trusts hold $24.0M of the loan on Showboat Hotel at 7.795% that reaches maturity on November 6, 2032, in 6 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 30-59 days delinquent.
The loan
- Balance in tracked trusts
- $23,981,602
- Original balance (same notes)
- $24,750,000
- Interest rate
- 7.795% fixed
- Originated
- October 31, 2022
- Maturity
- November 6, 2032
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- August 5, 2032
- Originator
- Barclays Capital Real Estate Inc.
Status
- Payment status
- 30-59 days delinquent (code 1)
- Special servicing
- Transferred May 5, 2025
- Workout strategy
- Foreclosure
- Defeasance
- None reported
The property
- Address
- 801 Boardwalk, Atlantic City, NJ 8401
- Metro
- Atlantic City-Hammonton, NJ
- Units, rooms or beds
- 475
- Built
- 1988, renovated 2022
- Value at securitization
- $140.0M (Aug 2022)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 3.16x | n/a |
| Occupancy | 53% | n/a |
| Net operating income | $13.2M | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2022-C18 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $24.0M | 30-59 days delinquent | Yes | n/a | n/a |
| August 2026 | $24.0M | 30-59 days delinquent | Yes | n/a | n/a |
| July 2026 | $24.0M | Late payment but less than 30 days delinquent | Yes | n/a | n/a |
| June 2026 | $24.0M | Late payment but less than 30 days delinquent | Yes | n/a | n/a |
| May 2026 | $24.0M | Current | Yes | n/a | n/a |
| April 2026 | $24.1M | 30-59 days delinquent | Yes | n/a | n/a |
| March 2026 | $24.1M | 60-89 days delinquent | Yes | n/a | n/a |
| February 2026 | $24.1M | 30-59 days delinquent | Yes | n/a | n/a |
| January 2026 | $24.2M | 90+ days delinquent | Yes | n/a | n/a |
| December 2025 | $24.2M | 60-89 days delinquent | Yes | n/a | n/a |
| November 2025 | $24.2M | 30-59 days delinquent | Yes | n/a | n/a |
| October 2025 | $24.2M | 30-59 days delinquent | Yes | n/a | n/a |
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 5, 2025, 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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2022-C18 | 15 | $23,981,602 | Sep 2026 | SEC filing, September 29, 2026 |
Other Atlantic City-Hammonton loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Showboat Hotel | Atlantic City, NJ | Hotel | $23.0M | 7.795% | Nov 2032 | 4.15x | 56% | With the special servicer and 30-59 days delinquent |
| 897 12th Street | Hammonton, NJ | Office | $8.8M | 5.85% | Apr 2032 | n/a | n/a | With the special servicer and 90+ days delinquent |
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.