Hotel · Vernal, Utah
Towneplace Suites Vernal
1219 West Highway 40, Vernal, UT · Google Maps
Towneplace Suites Vernal is financed with a $8.0M CMBS loan at 7.024% that reaches maturity on August 11, 2031, in 4 years and 9 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $8,000,000
- Original balance (same notes)
- $8,000,000
- Interest rate
- 7.024% fixed
- Originated
- August 7, 2026
- Maturity
- August 11, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 10, 2031
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1219 West Highway 40, Vernal, UT 84078
- Units, rooms or beds
- 85
- Built
- 2013, renovated 2024
- Value at securitization
- $16.4M (Jun 2026)
Performance
| Measure | At securitization | Latest |
|---|---|---|
| DSCR (NOI) | 2.50x | n/a |
| Occupancy | 70% | n/a |
| Net operating income | $1.4M | n/a |
Comparable loans: hotel properties in Utah, 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
- Shown with Pro
- 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.
Servicer advances
- P&I advances outstanding
- $46,410
From the trust's monthly trustee report. Advances are payments the servicer has fronted to bondholders on the borrower's behalf, repaid before bondholders when the loan resolves.
Operating statement
| Annual | At securitization | Latest | Per unit |
|---|---|---|---|
| Revenue | $3.5M | n/a | |
| Operating expenses | $2.0M | n/a | |
| Net operating income | $1.4M | n/a | |
| Net cash flow | $1.3M | n/a | |
| Expense ratio | 58.9% | n/a |
From the servicer's Schedule AL report; 85 units; renovated 2024.
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 | $8.0M | Current | No | n/a | n/a |
| September 2026 | $8.0M | Current | No | n/a | n/a |
| August 2026 | $8.0M | Current | No | 2.49x | 70% |
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 | 31 | $8,000,000 | Oct 2026 | SEC filing, October 30, 2026 |
Other Utah loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Vista Station 6 | Draper, UT | Office | $31.6M | 3.554% | Apr 2031 | 3.38x | 100% | Current |
| Courtside Apartments | Orem, UT | Multifamily | $26.7M | 3.99% | Dec 2031 | 1.88x | 100% | Current |
| Lake Pointe Corporate Centre | West Valley City, UT | Office | $25.3M | 2.966% | Sep 2031 | 1.78x | 50% | Current |
| 605 Place Student Housing | St. George, UT | Multifamily | $20.8M | 3.40% | Aug 2031 | 2.71x | 73% | Current |
| Sorrel River Ranch | Moab, UT | Hotel | $19.0M | 4.018% | Nov 2031 | 1.87x | 25% | Not reported |
| Raymond Center | Logan, UT | Retail | $16.8M | 6.61% | Mar 2031 | 1.34x | 90% | Current |
| Urban Grove | Pleasant Grove, UT | Office | $16.0M | 3.575% | Jul 2031 | 2.72x | 100% | Current |
| Zions Bank | Provo, UT | Office | $13.6M | 3.20% | Sep 2031 | -1.65x | 39% | Late, less than 30 days |
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.