Hotel · Lubbock, Texas
Staybridge Suites Lubbock
Staybridge Suites Lubbock is financed with a $11.6M CMBS loan at 8.04% that reaches maturity on December 6, 2033, in 7 years and 1 month. 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
- $11,582,907
- Original balance (same notes)
- $12,000,000
- Interest rate
- 8.04% fixed
- Originated
- December 1, 2023
- Maturity
- December 6, 2033
- Payments
- Amortizing over 25 years
- Prepayment lockout ends
- October 5, 2033
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred January 8, 2026
- Workout strategy
- Other
- Defeasance
- None reported
The property
- Address
- 4801 South Loop 289, Lubbock, TX 79424
- Metro
- Lubbock, TX
- Units, rooms or beds
- 120
- Built
- 2017
- Value at securitization
- $17.2M (Oct 2023)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.55x | n/a |
| Occupancy | 76% | n/a |
| Net operating income | $1.7M | n/a |
Watch flags
Computed from the Benchmark 2023-B40 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- With the special servicer
On the cmbs.news watch list in every report since December 2025.
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 $12.7M (March 26, 2026), against $17.2M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $11.6M | Current | Yes | n/a | n/a |
| August 2026 | $11.7M | 90+ days delinquent | Yes | n/a | n/a |
| July 2026 | $11.7M | 90+ days delinquent | Yes | n/a | n/a |
| June 2026 | $11.7M | 90+ days delinquent | Yes | n/a | n/a |
| May 2026 | $11.7M | 90+ days delinquent | Yes | n/a | n/a |
| April 2026 | $11.7M | 90+ days delinquent | Yes | 1.61x | 70% |
| March 2026 | $11.7M | 90+ days delinquent | Yes | 1.79x | 71% |
| February 2026 | $11.7M | 90+ days delinquent | Yes | 1.79x | 71% |
| January 2026 | $11.7M | 60-89 days delinquent | No | 1.79x | 71% |
| December 2025 | $11.7M | 30-59 days delinquent | No | 1.79x | 71% |
| November 2025 | $11.7M | Late payment but less than 30 days delinquent | No | 3.61x | 72% |
| October 2025 | $11.7M | Late payment but less than 30 days delinquent | No | 3.61x | 72% |
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 January 8, 2026, 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 |
|---|---|---|---|---|
| Benchmark 2023-B40 Mortgage Trust | 17 | $11,582,907 | Sep 2026 | SEC filing, September 28, 2026 |
Other Lubbock loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| La Quinta Inn & Suites Lubbock South | Lubbock, TX | Hotel | $5.9M | 8.38% | Aug 2033 | 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.