Hotel · Linthicum Heights, Maryland
Town Place Suites - BWI Airport
Town Place Suites - BWI Airport is financed with a $7.7M CMBS loan at 6.84% that reaches maturity on April 6, 2033, in 6 years and 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,720,445
- Original balance (same notes)
- $8,000,000
- Interest rate
- 6.84% fixed
- Originated
- March 10, 2023
- Maturity
- April 6, 2033
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- January 5, 2033
- Master servicer
- Midland Loan Services
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1171 Winterson Road, Linthicum Heights, MD 21090
- Metro
- Baltimore-Columbia-Towson, MD
- Built
- 2007, renovated 2018
- Value at securitization
- $15.3M (Jan 2023)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.25x | 1.11x |
| Occupancy | 83% | 68% |
| Net operating income (annualized from 6 months) | $1.4M | $1.4M |
| Debt yield | 18.2% |
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 2023-B38 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
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 83% when the loan was securitized to 68%.
- Debt service coverage moved from 2.25x at securitization to 1.11x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.7M | Current | No | 1.11x | 68% |
| August 2026 | $7.7M | Current | No | n/a | n/a |
| July 2026 | $7.7M | Current | No | n/a | n/a |
| June 2026 | $7.7M | Current | No | n/a | n/a |
| May 2026 | $7.7M | Current | No | n/a | n/a |
| April 2026 | $7.8M | Current | No | 1.72x | 76% |
| March 2026 | $7.8M | Current | No | 1.77x | 78% |
| February 2026 | $7.8M | Current | No | 1.77x | 78% |
| January 2026 | $7.8M | Current | No | 1.77x | 78% |
| December 2025 | $7.8M | Current | No | 3.09x | 78% |
| November 2025 | $7.8M | Current | No | 3.09x | 75% |
| October 2025 | $7.8M | Current | No | 3.09x | 75% |
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 2023-B38 Mortgage Trust | 23 | $7,720,445 | Sep 2026 | SEC filing, October 1, 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 |
| Staybridge Suites Baltimore - Inner Harbor | Baltimore, MD | Hotel | $15.0M | 8.29% | Aug 2033 | 0.83x | 67% | 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.