Hotel · Austin, Texas
Staybridge Suites - Austin Airport
Staybridge Suites - Austin Airport is financed with a $10.5M CMBS loan at 8.12% that reaches maturity on November 6, 2028, in 2 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer.
The loan
- Balance in tracked trusts
- $10,533,459
- Original balance (same notes)
- $13,000,000
- Interest rate
- 8.12% fixed
- Originated
- November 6, 2023
- Maturity
- November 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 5, 2028
- Master servicer
- Midland
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- Transferred July 7, 2025
- Workout strategy
- Bankruptcy
- Defeasance
- None reported
The property
- Address
- 1611 Airport Commerce Drive, Austin, TX 78741
- Metro
- Austin-Round Rock-San Marcos, TX
- Units, rooms or beds
- 161
- Built
- 2009, renovated 2018
- Value at securitization
- $27.0M (Aug 2023)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.92x | n/a |
| Occupancy | 79% | n/a |
| Net operating income | $2.1M | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2023-5C23 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
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.
What the filing shows
- The most recent valuation in the filing is $22.5M (December 2, 2025), against $27.0M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $10.5M | Late payment but less than 30 days delinquent | Yes | n/a | n/a |
| August 2026 | $10.5M | Current | Yes | n/a | n/a |
| July 2026 | $10.8M | 90+ days delinquent | Yes | n/a | n/a |
| June 2026 | $10.8M | 90+ days delinquent | Yes | n/a | n/a |
| May 2026 | $10.8M | 60-89 days delinquent | Yes | n/a | n/a |
| April 2026 | $13.0M | 90+ days delinquent | Yes | 0.57x | 58% |
| March 2026 | $13.0M | 90+ days delinquent | Yes | 0.57x | 58% |
| February 2026 | $13.0M | 90+ days delinquent | Yes | 0.45x | 55% |
| January 2026 | $13.0M | 90+ days delinquent | Yes | 0.45x | 55% |
| December 2025 | $13.0M | 90+ days delinquent | Yes | 0.45x | 55% |
| November 2025 | $13.0M | 60-89 days delinquent | Yes | n/a | n/a |
| October 2025 | $13.0M | 90+ 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 July 7, 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 2023-5C23 | 17 | $10,533,459 | Sep 2026 | SEC filing, September 29, 2026 |
Other Austin-Round Rock-San Marcos loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Starburst Apartments | Austin, TX | Multifamily | $110.0M | 7.37% | May 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 13785 Research Boulevard | Austin, TX | Office | $65.0M | 5.215% | Mar 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 801 Barton Springs | Austin, TX | Office | $34.5M | 4.015% | May 2028 | 0.55x | 100% | Current |
| Homewood Suites San Marcos | San Marcos, TX | Hotel | $10.0M | 6.83% | Dec 2028 | 1.71x | 72% | Current |
| Staybridge Suites Austin | Austin, TX | Hotel | $10.0M | 5.17% | Jul 2028 | n/a | n/a | Current |
| The Yard | Austin, TX | Industrial | $9.9M | 4.17% | Feb 2028 | n/a | n/a | Current |
| South Brook Town Center | Austin, TX | Retail | $6.9M | 5.058% | Oct 2028 | 1.64x | 100% | Late, less than 30 days |
| Norwood Park | Austin, TX | Retail | $5.5M | 5.19% | May 2028 | 1.74x | 88% | Current |
All loans maturing in 2028 · All Austin-Round Rock-San Marcos 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.