Hotel · Altamonte Springs, Florida
Springhill Suites Altamonte
Springhill Suites Altamonte is financed with a $5.2M CMBS loan at 5.10% that reaches maturity on January 1, 2029, in 2 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,193,380
- Original balance (same notes)
- $5,400,000
- Interest rate
- 5.10% fixed
- Originated
- December 27, 2018
- Maturity
- January 1, 2029
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- August 31, 2028
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 205 West State Road 436, Altamonte Springs, FL 32714
- Metro
- Orlando-Kissimmee-Sanford, FL
- Units, rooms or beds
- 90
- Built
- 2000, renovated 2011
- Value at securitization
- $11.7M (Nov 2018)
Performance
| At securitization | Latest (Jun 2025) | |
|---|---|---|
| DSCR (NOI) | 3.20x | 1.33x |
| Occupancy | 87% | 64% |
| Net operating income | $1.1M | $467K |
| Debt yield | 9.0% |
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 BANK 2019-BNK16 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 87% when the loan was securitized to 64%.
- Net operating income is 59% below the underwritten figure ($467K a year against $1.1M).
- Debt service coverage moved from 3.20x at securitization to 1.33x on the latest statements.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.2M | Current | No | 1.33x | 64% |
| August 2026 | $5.2M | Current | No | 1.33x | 64% |
| July 2026 | $5.2M | Current | No | 1.33x | 64% |
| June 2026 | $5.2M | Current | No | 1.33x | 64% |
| May 2026 | $5.2M | Current | No | 1.33x | 64% |
| March 2026 | $5.2M | Current | No | 1.33x | 64% |
| February 2026 | $5.2M | Current | No | 1.33x | 64% |
| January 2026 | $5.2M | Current | No | 1.33x | 64% |
| December 2025 | $5.3M | Current | No | 1.33x | 64% |
| November 2025 | $5.3M | Current | No | 1.33x | 64% |
| October 2025 | $5.3M | Current | No | 1.33x | 64% |
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 |
|---|---|---|---|---|
| BANK 2019-BNK16 | 43 | $5,193,380 | Sep 2026 | SEC filing, September 29, 2026 |
Other Orlando-Kissimmee-Sanford loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Waterford Lakes Town Center | Orlando, FL | Retail | $118.1M | 4.86% | May 2029 | 1.90x | 92% | Current |
| Darden HQ | Orlando, FL | Office | $110.0M | 4.77% | Jan 2029 | 1.80x | 100% | Current |
| Marriott Downtown Orlando | Orlando, FL | Hotel | $34.3M | 4.118% | Jul 2029 | 2.15x | 62% | Current |
| The Wymore 360 | Altamonte Springs, FL | Multifamily | $33.0M | 6.839% | Nov 2029 | 0.67x | 90% | With the special servicer and 30-59 days delinquent |
| Celebration Suites | Kissimmee, FL | Hotel | $25.5M | 4.15% | Oct 2029 | n/a | n/a | Current |
| Doubletree - Orlando East | Orlando, FL | Hotel | $22.2M | 4.15% | Aug 2029 | 1.59x | 65% | Current |
| Southchase Village | Orlando, FL | Retail | $16.5M | 3.78% | Sep 2029 | 3.49x | 95% | Current |
| Orlando Terrace | Orlando, FL | Multifamily | $14.9M | 6.36% | Jun 2029 | 1.26x | 86% | Late, less than 30 days |
All loans maturing in 2029 · All Orlando-Kissimmee-Sanford 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.