Hotel portfolio, 11 properties · Wisconsin
Wisconsin Hotel Portfolio
This portfolio is financed with a $59.6M CMBS loan at 5.33% that reaches maturity on February 1, 2028, in 15 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $59,627,053
- Original balance (same notes)
- $74,600,000
- Interest rate
- 5.33% fixed
- Originated
- January 4, 2018
- Maturity
- February 1, 2028
- Payments
- Amortizing over 25 years
- Prepayment lockout ends
- October 31, 2027
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Units, rooms or beds
- 1,255
- Value at securitization
- $118.0M
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.78x | 1.25x |
| Occupancy | 66% | 60% |
| Net operating income | $9.6M | $6.8M |
| Debt yield | 11.4% |
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 BANK 2018-BNK10 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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 66% when the loan was securitized to 60%.
- Net operating income is 29% below the underwritten figure ($6.8M a year against $9.6M).
- Debt service coverage moved from 1.78x at securitization to 1.25x on the latest statements.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $59.6M | Current | No | 1.25x | 60% |
| August 2026 | $59.8M | Current | No | 1.21x | 59% |
| July 2026 | $60.0M | Current | No | 1.21x | 59% |
| June 2026 | $60.2M | Current | No | 1.21x | 59% |
| May 2026 | $60.3M | Current | No | 1.22x | 58% |
| April 2026 | $60.5M | Current | No | 1.22x | 58% |
| February 2026 | $60.9M | Current | No | 1.35x | 58% |
| January 2026 | $61.1M | Current | No | 1.35x | 58% |
| December 2025 | $61.2M | Current | No | 1.55x | 57% |
| November 2025 | $61.4M | Current | No | 1.55x | 57% |
| October 2025 | $61.6M | Current | No | 1.46x | 57% |
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 |
|---|---|---|---|---|
| BANK 2018-BNK10 | 4 | $59,627,053 | Sep 2026 | SEC filing, September 29, 2026 |
Other Wisconsin loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 700 Ash Street | Reedsburg, WI | Industrial | $48.2M | 3.733% | Dec 2028 | n/a | n/a | Current |
| Pick N' Save - Grafton, Wi | Grafton, WI | Retail | $38.5M | 4.202% | Mar 2028 | n/a | n/a | Current |
| Aurora Healthcare Center | Plymouth, WI | Office | $17.1M | 4.541% | May 2028 | n/a | n/a | Current |
| Outlook Group | Neenah, WI | Industrial | $10.4M | 4.74% | Jun 2028 | 2.16x | 100% | Current |
| Staybridge Suites - Oconomowoc | Oconomowoc, WI | Hotel | $8.3M | 5.75% | Dec 2028 | 2.51x | 54% | Current |
| The Marketplace at Janesville | Janesville, WI | Retail | $7.1M | 4.862% | Nov 2028 | 0.92x | 74% | Current |
| Pick N Save Appleton Wi | Appleton, WI | Retail | $6.8M | 4.68% | Jan 2028 | 1.47x | 100% | Current |
| Oshkosh Center II | Oshkosh, WI | Retail | $6.6M | 4.95% | Aug 2028 | 1.83x | 95% | 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.