Hotel · Annapolis, Maryland
Westin Annapolis
Westin Annapolis is financed with a $44.9M CMBS loan at 7.255% that reaches maturity on July 11, 2028, in 20 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $44,900,000
- Original balance (same notes)
- $44,900,000
- Interest rate
- 7.255% fixed
- Originated
- June 22, 2023
- Maturity
- July 11, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 10, 2028
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 100 Westgate Circle, Annapolis, MD 21401
- Metro
- Baltimore-Columbia-Towson, MD
- Units, rooms or beds
- 225
- Built
- 2007, renovated 2020
- Value at securitization
- $72.3M (Jun 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.99x | 2.13x |
| Occupancy | 71% | 75% |
| Net operating income | $6.6M | $7.0M |
| Debt yield | 15.7% |
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 BANK5 2023-5YR3 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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
- Occupancy has risen from 71% when the loan was securitized to 75%.
- Net operating income is 7% above the underwritten figure ($7.0M a year against $6.6M).
- Debt service coverage moved from 1.99x at securitization to 2.13x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $44.9M | Current | No | 2.13x | 75% |
| August 2026 | $44.9M | Current | No | 2.13x | 75% |
| July 2026 | $44.9M | Current | No | 2.06x | 73% |
| June 2026 | $44.9M | Current | No | 2.06x | 73% |
| May 2026 | $44.9M | Current | No | 2.06x | 73% |
| April 2026 | $44.9M | Current | No | 1.96x | 70% |
| March 2026 | $44.9M | Current | No | 1.96x | 70% |
| February 2026 | $44.9M | Current | No | 1.96x | 70% |
| January 2026 | $44.9M | Current | No | 1.98x | 69% |
| December 2025 | $44.9M | Current | No | 1.98x | 69% |
| November 2025 | $44.9M | Current | No | 1.98x | 69% |
| October 2025 | $44.9M | Current | No | 2.05x | 68% |
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 |
|---|---|---|---|---|
| BANK5 2023-5YR3 | 5 | $44,900,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Baltimore-Columbia-Towson loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Dulaney Center | Towson, MD | Office | $43.1M | 4.773% | May 2028 | 1.27x | 66% | With the special servicer and 30-59 days delinquent |
| 650 South Exeter Street | Baltimore, MD | Mixed use | $25.0M | 4.84% | Jun 2028 | 0.14x | 55% | Current |
| 11311 Mccormick Road | Hunt Valley, MD | Office | $21.9M | 4.361% | Jan 2028 | 1.85x | 70% | Current |
| Harford Village Mhc | Edgewood, MD | Manufactured housing | $21.7M | 4.565% | Jan 2028 | 2.04x | 99% | Current |
| Waysons Mhc | Lothian, MD | Manufactured housing | $20.1M | 4.875% | Apr 2028 | 1.56x | 100% | Current |
| 11126 McCormick Rd | Hunt Valley, MD | Industrial | $18.1M | 6.473% | Nov 2028 | n/a | n/a | Current |
| One Market Center | Baltimore, MD | Office | $15.8M | 4.885% | Mar 2028 | n/a | n/a | Current |
| DoubleTree Columbia | Columbia, MD | Hotel | $15.1M | 8.18% | Jul 2028 | n/a | n/a | Current |
All loans maturing in 2028 · All Baltimore-Columbia-Towson 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.