Hotel · Fort Walton Beach, Florida
Townplace Suites - Fort Walton Beach
Townplace Suites - Fort Walton Beach is financed with a $12.2M CMBS loan at 5.246% that reaches maturity on January 6, 2027, in 2 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $12,191,334
- Original balance (same notes)
- $16,000,000
- Interest rate
- 5.246% fixed
- Originated
- December 20, 2016
- Maturity
- January 6, 2027
- Payments
- Amortizing over 25 years
- Prepayment lockout ended
- April 5, 2019
- Originator
- GSMC
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred May 14, 2020, returned September 17, 2020
- Workout strategy
- Resolved
- Defeasance
- None reported
The property
- Address
- 843 Eglin Parkway, Fort Walton Beach, FL 32547
- Metro
- Crestview-Fort Walton Beach-Destin, FL
- Rentable area
- 112 sq ft
- Units, rooms or beds
- 112
- Built
- 2014
- Value at securitization
- $25.6M (Nov 2016)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.14x | 2.13x |
| Occupancy | 84% | 78% |
| Net operating income (annualized from 6 months) | $2.5M | $5.0M |
| Debt yield | 40.6% |
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 GS Mortgage Securities Trust 2017-GS5 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 2026.
- Matures within 12 months
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 84% when the loan was securitized to 78%.
- Net operating income is 101% above the underwritten figure ($5.0M a year against $2.5M; the latest statement covers 6 months, annualized).
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $12.2M | Current | No | 2.13x | 78% |
| September 2026 | $12.2M | Current | No | 2.13x | 78% |
| August 2026 | $12.3M | Current | No | 1.05x | 71% |
| July 2026 | $12.3M | Current | No | 1.05x | 71% |
| June 2026 | $12.4M | Current | No | 1.05x | 71% |
| May 2026 | $12.4M | Current | No | n/a | n/a |
| April 2026 | $12.4M | Current | No | 0.94x | 60% |
| March 2026 | $12.5M | Current | No | 0.94x | 60% |
| February 2026 | $12.5M | Current | No | 1.28x | 60% |
| January 2026 | $12.6M | Payment not received but still in grace period or not yet due | No | 1.28x | 63% |
| December 2025 | $12.6M | Current | No | 1.28x | 63% |
| November 2025 | $12.6M | Current | No | 1.17x | 64% |
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 14, 2020, returned to the master servicer September 17, 2020.
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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| GS Mortgage Securities Trust 2017-GS5 | 21 | $12,191,334 | Oct 2026 | SEC filing, October 22, 2026 |
Other Crestview-Fort Walton Beach-Destin loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Island Palm Shoppes | Destin, FL | Retail | $4.1M | 4.73% | Aug 2027 | 2.00x | 100% | Current |
| Runway Plaza | Destin, FL | Retail | $1.7M | 4.73% | Aug 2027 | 2.29x | 100% | Current |
All loans maturing in 2027 · All Crestview-Fort Walton Beach-Destin loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.