Hotel · Baltimore, Maryland
Staybridge Suites Baltimore - Inner Harbor
Staybridge Suites Baltimore - Inner Harbor is financed with a $15.0M CMBS loan at 8.29% that reaches maturity on August 6, 2033, in 6 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $15,000,000
- Original balance (same notes)
- $15,000,000
- Interest rate
- 8.29% fixed
- Originated
- August 8, 2023
- Maturity
- August 6, 2033
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- May 5, 2033
- Originator
- LMF Commercial, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 17 Commerce Street, Baltimore, MD 21202
- Metro
- Baltimore-Columbia-Towson, MD
- Units, rooms or beds
- 101
- Built
- 1905, renovated 2017
- Value at securitization
- $23.7M (Jun 2023)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.56x | 0.83x |
| Occupancy | 77% | 67% |
| Net operating income (annualized from 3 months) | $2.1M | $1.1M |
| Debt yield | 7.1% |
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 BBCMS Mortgage Trust 2023-C22 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in every report since July 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
- Occupancy has fallen from 77% when the loan was securitized to 67%.
- Net operating income is 50% below the underwritten figure ($1.1M a year against $2.1M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.56x at securitization to 0.83x on the latest statements.
- At 0.83x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $15.0M | Current | No | 0.83x | 67% |
| August 2026 | $15.0M | Current | No | 0.83x | 67% |
| July 2026 | $14.3M | 90+ days delinquent | Yes | n/a | n/a |
| June 2026 | $15.0M | Current | No | n/a | n/a |
| May 2026 | $15.0M | Current | No | n/a | n/a |
| April 2026 | $15.0M | Current | No | 1.13x | 78% |
| March 2026 | $15.0M | Current | No | 1.18x | 78% |
| February 2026 | $15.0M | Current | No | 1.18x | 77% |
| January 2026 | $15.0M | Current | No | 1.18x | 77% |
| December 2025 | $15.0M | Current | No | n/a | n/a |
| November 2025 | $15.0M | Current | No | n/a | n/a |
| October 2025 | $15.0M | Current | No | 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 March 4, 2025.
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-C22 | 18 | $15,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Baltimore-Columbia-Towson loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Arundel Mills And Marketplace | Hanover, MD | Retail | $360.0M | 7.701% | Nov 2033 | n/a | n/a | Current |
| 8271 Anderson Ct | Odenton, MD | Industrial | $72.2M | 5.935% | Jul 2033 | n/a | n/a | Current |
| Town Place Suites - BWI Airport | Linthicum Heights, MD | Hotel | $7.7M | 6.84% | Apr 2033 | 1.11x | 68% | Current |
| Abingdon Storage | Abingdon, MD | Self storage | $5.5M | 6.458% | Feb 2033 | 4.23x | 86% | Current |
| Walgreens - Rosedale | Rosedale, MD | Retail | $2.1M | 7.223% | Oct 2033 | 1.81x | 100% | Current |
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.