Hotel · Atlantic City, New Jersey
The Showboat Hotel
Public CMBS trusts hold $23.0M of the loan on The Showboat Hotel at 7.795% that reaches maturity on November 6, 2032, in 6 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 30-59 days delinquent.
The loan
- Balance in tracked trusts
- $23,012,648
- Original balance (same notes)
- $23,750,000
- Interest rate
- 7.795% fixed
- Originated
- October 31, 2022
- Maturity
- November 6, 2032
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- August 5, 2032
- Master servicer
- KeyBank Real Estate Capital
- Originator
- Barclays
Status
- Payment status
- 30-59 days delinquent (code 1)
- Special servicing
- Transferred May 5, 2025
- Workout strategy
- Foreclosure
- Defeasance
- None reported
The property
- Address
- 801 Boardwalk, Atlantic City, NJ 8401
- Metro
- Atlantic City-Hammonton, NJ
- Units, rooms or beds
- 475
- Built
- 1988, renovated 2022
- Value at securitization
- $140.0M (Aug 2022)
Performance
| At securitization | Latest (Dec 2023) | |
|---|---|---|
| DSCR (NOI) | n/a | 4.15x |
| Occupancy | 53% | 56% |
| Net operating income | n/a | $17.4M |
| Debt yield | 75.5% |
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-C19 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $23.0M | 30-59 days delinquent | Yes | 4.15x | 56% |
| August 2026 | $23.0M | 30-59 days delinquent | Yes | 4.15x | 56% |
| July 2026 | $23.0M | Late payment but less than 30 days delinquent | Yes | 4.15x | 56% |
| June 2026 | $23.1M | Late payment but less than 30 days delinquent | Yes | 4.15x | 56% |
| May 2026 | $23.1M | Not reported | Yes | 4.15x | 56% |
| April 2026 | $23.1M | 30-59 days delinquent | Yes | 4.15x | 56% |
| March 2026 | $23.1M | 60-89 days delinquent | Yes | 4.15x | 56% |
| February 2026 | $23.1M | 30-59 days delinquent | Yes | 4.15x | 56% |
| January 2026 | $23.2M | 90+ days delinquent | Yes | 4.15x | 56% |
| December 2025 | $23.2M | 60-89 days delinquent | Yes | 4.15x | 56% |
| November 2025 | $23.2M | 30-59 days delinquent | Yes | 4.15x | 56% |
| October 2025 | $23.2M | 30-59 days delinquent | Yes | 4.15x | 56% |
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 May 5, 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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2023-C19 | 16-A-2-1 | $11,506,324 | Sep 2026 | SEC filing, September 29, 2026 |
| BBCMS Mortgage Trust 2023-C19 | 16-A-2-2 | $11,506,324 | Sep 2026 | SEC filing, September 29, 2026 |
Other Atlantic City-Hammonton loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Showboat Hotel, Atlantic City (2032 maturity) | Atlantic City, NJ | Hotel | $24.0M | 7.795% | Nov 2032 | n/a | n/a | With the special servicer and 30-59 days delinquent |
| 897 12th Street | Hammonton, NJ | Office | $8.8M | 5.85% | Apr 2032 | 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.