Hotel · Maumee, Ohio
Staybridge Suites Toledo
Staybridge Suites Toledo is financed with a $8.3M CMBS loan at 7.61% that reaches maturity on January 6, 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
- $8,309,254
- Original balance (same notes)
- $8,500,000
- Interest rate
- 7.61% fixed
- Originated
- December 28, 2023
- Maturity
- January 6, 2029
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- July 5, 2028
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2300 Village Drive East, Maumee, OH 43537
- Metro
- Toledo, OH
- Units, rooms or beds
- 122
- Built
- 2008, renovated 2015
- Value at securitization
- $14.9M (Dec 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.92x | 1.80x |
| Occupancy | 73% | 73% |
| Net operating income | $1.4M | $1.3M |
| Debt yield | 15.6% |
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 Benchmark 2024-V5 Mortgage Trust filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
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
- Net operating income is 6% below the underwritten figure ($1.3M a year against $1.4M).
- Debt service coverage moved from 1.92x at securitization to 1.80x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.3M | Current | No | 1.80x | 73% |
| August 2026 | $8.3M | Current | No | n/a | n/a |
| July 2026 | $8.3M | Current | No | n/a | n/a |
| June 2026 | $8.3M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| May 2026 | $8.3M | Payment not received but still in grace period or not yet due | No | n/a | n/a |
| April 2026 | $8.3M | Current | No | 0.90x | 54% |
| March 2026 | $8.3M | Current | No | 0.90x | 54% |
| February 2026 | $8.4M | Current | No | n/a | n/a |
| January 2026 | $8.4M | Current | No | n/a | n/a |
| December 2025 | $8.4M | Current | No | n/a | n/a |
| November 2025 | $8.4M | Current | No | n/a | n/a |
| October 2025 | $8.4M | 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.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2024-V5 Mortgage Trust | 25 | $8,309,254 | Sep 2026 | SEC filing, September 25, 2026 |
Other Toledo loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Spring Hollow Apartments | Toledo, OH | Multifamily | $25.9M | 5.10% | Feb 2029 | -0.88x | 38% | Current |
| Holland Art Van | Holland, OH | Retail | $8.0M | 5.45% | Jan 2029 | 0.85x | 100% | Current |
| Stor365 | Toledo, OH | Self storage | $2.1M | 7.987% | May 2029 | 1.12x | 95% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.