Hotel · Port St. Lucie, Florida
TownePlace Suites Port St. Lucie I-95
TownePlace Suites Port St. Lucie I-95 is financed with a $16.5M CMBS loan at 6.945% that reaches maturity on December 6, 2032, in 6 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $16,486,281
- Original balance (same notes)
- $16,600,000
- Interest rate
- 6.945% fixed
- Originated
- December 9, 2022
- Maturity
- December 6, 2032
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- September 5, 2032
- Master servicer
- Midland Loan Services
- Originator
- LMF Commercial, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 10460 SW Village Parkway, Port St. Lucie, FL 34987
- Units, rooms or beds
- 128
- Built
- 2019
- Value at securitization
- $28.2M (Nov 2022)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.98x | 1.46x |
| Occupancy | 87% | 81% |
| Net operating income | $2.6M | $1.8M |
| Debt yield | 11.0% |
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 BMO 2023-C4 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Coverage down 0.25x or more from securitization
- NOI down 20% 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 87% when the loan was securitized to 81%.
- Net operating income is 30% below the underwritten figure ($1.8M a year against $2.6M).
- Debt service coverage moved from 1.98x at securitization to 1.46x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $16.5M | Current | No | 1.46x | 81% |
| August 2026 | $16.5M | Current | No | 1.46x | 81% |
| July 2026 | $16.5M | Current | No | 1.42x | 80% |
| June 2026 | $16.5M | Current | No | 1.42x | 80% |
| May 2026 | $16.5M | Current | No | n/a | n/a |
| April 2026 | $16.5M | Current | No | 1.56x | 81% |
| March 2026 | $16.6M | Current | No | 1.56x | 81% |
| February 2026 | $16.6M | Current | No | 1.56x | 81% |
| January 2026 | $16.6M | Current | No | 1.56x | 81% |
| December 2025 | $16.6M | Current | No | 1.56x | 81% |
| November 2025 | $16.6M | Current | No | 1.56x | 81% |
| October 2025 | $16.6M | Current | No | 1.45x | 76% |
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 |
|---|---|---|---|---|
| BMO 2023-C4 Mortgage Trust | 23 | $16,486,281 | Sep 2026 | SEC filing, October 2, 2026 |
Other Florida loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Cortez Village Townhomes | Fort Pierce, FL | Multifamily | $10.0M | 5.49% | Jul 2032 | 2.24x | 96% | Current |
| Edwards Landing Apartments | Fort Pierce, FL | Multifamily | $8.3M | 5.445% | May 2032 | n/a | n/a | 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.