Old Edwards Inn
A hotel property in Highlands, North Carolina. Securitized in 1 CMBS deal in 2026.
$143.9MAppraised value (latest deal)
80.9%Occupancy
$12.5MUnderwritten NOI
8.7%Implied cap rate
- Address
- 445 Main Street, Highlands, NC 28741
- Property type
- Hotel · Full Service
- Year built
- 1878
- Size
- 84 Rooms
- Sponsor
- James B. Whitley
- Loan purpose
- Refinance
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BBCMS 2026-5C43 | 2026-10-14 | $143.9M | 80.9% | $12.5M | 8.7% | $11.7M | 48.7% | 2.35x | 424B |
Historical NOI reported in BBCMS 2026-5C43
| Period ending | NOI |
|---|---|
| 5/31/2026 | $12.3M |
| 12/31/2025 | $11.2M |
More CMBS properties in North Carolina →
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.