Hotel · Grace Bay, Multiple locations
Tapestry Grace Bay
11 Sandcastle Road, Grace Bay · Google Maps
Tapestry Grace Bay is financed with a $29.0M CMBS loan at 8.073% that reaches maturity on September 1, 2031, in 4 years and 10 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $29,000,000
- Original balance (same notes)
- $29,000,000
- Interest rate
- 8.073% fixed
- Originated
- August 7, 2026
- Maturity
- September 1, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 31, 2031
- Master servicer
- Trimont LLC
- Originator
- Bank of America, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 11 Sandcastle Road, Grace Bay, TKCA
- Units, rooms or beds
- 103
- Built
- 1997, renovated 2026
- Value at securitization
- $52.9M (May 2026)
Performance
| Measure | At securitization | Latest |
|---|---|---|
| DSCR (NOI) | 1.69x | n/a |
| Occupancy | 55% | n/a |
| Net operating income | $4.0M | n/a |
Comparable loans: hotel properties in Multiple locations, with NOI, occupancy and value.
Watch flags
Computed from the BANK5 2026-5YR24 filing for the reporting period ending October 13, 2026, filed with the SEC October 30, 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.
Who is behind this loan
- Non-recourse carveout guarantor and sponsor
- Shown with Pro
- Parties and contacts named by the trust
- Shown with Pro
Source: SEC Form 424B2 prospectus, Annex A-1, filed Aug 2026.
Source: SEC Form 10-D, Exhibit 99.1 distribution statement, filed Oct 2026.
Operating statement
| Annual | At securitization | Latest | Per unit |
|---|---|---|---|
| Revenue | $9.2M | n/a | |
| Operating expenses | $5.2M | n/a | |
| Net operating income | $4.0M | n/a | |
| Net cash flow | $3.6M | n/a | |
| Expense ratio | 56.6% | n/a |
From the servicer's Schedule AL report; 103 units; renovated 2026.
Refinance and early payoff, at today's rates
This estimate uses today's Treasury curve and needs JavaScript.
Rough estimates, not quotes. New loan: the filed NOI divided by the coverage you set, at the Treasury yield for the term plus your spread. Early payoff: the present value of the remaining scheduled payments to the open date at today's Treasury yields, less the balance, which is roughly what defeasance or yield maintenance costs. Loan documents, fees and the securities bought change the real number. Treasury yields: U.S. Treasury daily par curve.
The last 3 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $29.0M | Current | No | n/a | n/a |
| September 2026 | $29.0M | Current | No | n/a | n/a |
| August 2026 | $29.0M | Current | No | 1.87x | 55% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements.
Where the loan sits
One trust holds this loan in the data.
| Trust | Asset no. in that trust | Balance | Report period | Source |
|---|---|---|---|---|
| BANK5 2026-5YR24 | 11 | $29,000,000 | Oct 2026 | SEC filing, October 30, 2026 |
Other hotel loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Old Edwards Portfolio | Highlands, NC | Hotel | $135.0M | 7.089% | Sep 2031 | n/a | n/a | Current |
| Hilton Waterfront Beach Resort | Huntington Beach, CA | Hotel | $127.0M | 6.107% | Mar 2031 | 2.08x | n/a | Current |
| Marriott Savannah Riverfront | Savannah, GA | Hotel | $101.3M | 6.90% | Apr 2031 | n/a | n/a | Current |
| Ac Hotel New York Downtown | New York, NY | Hotel | $82.4M | 6.128% | Jan 2031 | 2.37x | 90% | Current |
| Fairfield Inn Time Square | New York, NY | Hotel | $80.0M | 7.205% | Jun 2031 | n/a | n/a | Current |
| Holiday Inn Chelsea | New York, NY | Hotel | $76.5M | 7.431% | Jun 2031 | n/a | n/a | Current |
| Marriott Monterey | Monterey, CA | Hotel | $75.0M | 5.872% | Feb 2031 | 3.53x | 78% | Current |
| Chateau Marmont | Los Angeles, CA | Hotel | $65.0M | 6.51% | Apr 2031 | n/a | n/a | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 13, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.