Hotel · Lakeland, Florida
TownePlace Suites Lakeland
TownePlace Suites Lakeland is financed with a $13.0M CMBS loan at 4.75% that reaches maturity on June 6, 2029, in 2 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $12,980,396
- Original balance (same notes)
- $14,500,000
- Interest rate
- 4.75% fixed
- Originated
- May 10, 2019
- Maturity
- June 6, 2029
- Payments
- Interest only for 12 months, then amortizing
- Prepayment lockout ended
- June 5, 2022
- Originator
- Column Financial, Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 3370 US Highway 98 North, Lakeland, FL 33805
- Metro
- Lakeland-Winter Haven, FL
- Units, rooms or beds
- 112
- Built
- 2016
- Value at securitization
- $20.0M (Mar 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.87x | 2.40x |
| Occupancy | 75% | 77% |
| Net operating income (annualized from 6 months) | $1.7M | $4.4M |
| Debt yield | 33.9% |
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 CSAIL 2019-C16 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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 159% above the underwritten figure ($4.4M a year against $1.7M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.87x at securitization to 2.40x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $13.0M | Current | No | 2.40x | 77% |
| August 2026 | $13.0M | Current | No | n/a | n/a |
| July 2026 | $13.0M | Current | No | n/a | n/a |
| June 2026 | $13.0M | Current | No | n/a | n/a |
| May 2026 | $13.1M | Current | No | n/a | n/a |
| April 2026 | $13.1M | Current | No | 1.52x | 72% |
| March 2026 | $13.1M | Current | No | 1.52x | 72% |
| February 2026 | $13.1M | Current | No | 1.74x | 72% |
| January 2026 | $13.2M | Current | No | 1.74x | 72% |
| December 2025 | $13.2M | Current | No | 1.74x | 72% |
| November 2025 | $13.2M | Current | No | 2.46x | 72% |
| October 2025 | $13.2M | Current | No | 2.46x | 79% |
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 |
|---|---|---|---|---|
| CSAIL 2019-C16 Commercial Mortgage Trust | 18 | $12,980,396 | Sep 2026 | SEC filing, September 28, 2026 |
Other Lakeland-Winter Haven loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 199 Avenue B Northwest | Winter Haven, FL | Mixed use | $37.8M | 4.39% | Nov 2029 | n/a | n/a | Current |
| Lakeland Park Center | Lakeland, FL | Retail | $24.0M | 6.477% | Nov 2029 | 2.43x | 100% | Current |
| La Provence Apartments | Lake Wales, FL | Multifamily | $5.0M | 7.75% | Apr 2029 | n/a | n/a | Delinquent |
All loans maturing in 2029 · All Lakeland-Winter Haven loans
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.