Retail portfolio, 17 properties · Iron Mountain, Michigan
1000 North Stephenson Avenue
This portfolio is financed with a $14.4M CMBS loan at 4.52% that reaches its anticipated repayment date on June 6, 2029, in 2 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $14,416,855
- Original balance (same notes)
- $14,950,000
- Interest rate
- 4.52% fixed
- Originated
- May 24, 2019
- Maturity
- June 6, 2033
- Anticipated repayment date
- June 6, 2029 (the rate steps up if the loan is not repaid by then)
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- March 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- Deutsche Bank AG, New York Branch
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently October 24, 2025
- Defeasance
- None reported
The property
- Address
- 1000 North Stephenson Avenue, Iron Mountain, MI 49801
- Value at securitization
- $20.8M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | n/a | $1.4M |
| Debt yield | 9.4% |
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 BENCHMARK 2019-B12 MORTGAGE TRUST filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 2026.
- Modified
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| 1000 North Stephenson Avenue | Iron Mountain, MI | Retail | n/a | n/a |
| 23726 Serpent Road | Deerwood, MN | Retail | n/a | n/a |
| 2740 North M 33 | Rose City, MI | Retail | n/a | n/a |
| 5925 N Markey Road | Roscommon, MI | Retail | n/a | n/a |
| 103 State Highway 38 South | Bigfork, MN | Retail | n/a | n/a |
| 17511 West Route 150 | Brimfield, IL | Retail | n/a | n/a |
| 418 N Bullock Street | Whittemore, MI | Retail | n/a | n/a |
| 6088 N Old US-27 | Frederic, MI | Retail | n/a | n/a |
| 316 South Brooks Street | Lenox, IA | Retail | n/a | n/a |
| 5629 East 460th Street | Paullina, IA | Retail | n/a | n/a |
| Dollar General Portfolio II | Adair, IA | Retail | 100% | 1.50x |
| 301 Highway 12 North | Akron, IA | Retail | n/a | n/a |
| 1119 Church Street | New Harmony, IN | Retail | n/a | n/a |
| 1461 E US Hwy 136 | Table Grove, IL | Retail | n/a | n/a |
| 55298 Tucson Road | Griswold, IA | Retail | n/a | n/a |
| 12023 State Highway K | Neosho, MO | Retail | n/a | n/a |
| 1400 Northridge Road | Sidney, IA | Retail | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $14.4M | Current | No | n/a | n/a |
| August 2026 | $14.4M | Current | No | n/a | n/a |
| July 2026 | $14.5M | Current | No | n/a | n/a |
| June 2026 | $14.5M | Current | No | n/a | n/a |
| May 2026 | $14.5M | Current | No | n/a | n/a |
| April 2026 | $14.5M | Current | No | n/a | n/a |
| March 2026 | $14.5M | Current | No | n/a | n/a |
| February 2026 | $14.6M | Current | No | n/a | n/a |
| January 2026 | $14.6M | Current | No | n/a | n/a |
| December 2025 | $14.6M | Current | No | n/a | n/a |
| November 2025 | $14.6M | Current | No | n/a | n/a |
| October 2025 | $14.6M | Current | No | n/a | n/a |
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 |
|---|---|---|---|---|
| BENCHMARK 2019-B12 MORTGAGE TRUST | 25 | $14,416,855 | Sep 2026 | SEC filing, September 30, 2026 |
Other Michigan loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| First National Building | Detroit, MI | Office | $430.0M | 3.778% | Jan 2029 | n/a | n/a | Current |
| FCA USA - Detroit, MI | Detroit, MI | Industrial | $147.9M | 5.744% | Apr 2029 | n/a | n/a | Current |
| Farmers Insurance Corporate Campus | Caledonia, MI | Office | $92.8M | 3.55% | Sep 2029 | 1.60x | 100% | Current |
| Woodland Mall | Kentwood, MI | Retail | $80.0M | 7.35% | Dec 2029 | 2.16x | 95% | Current |
| Bedrock Mixed-Use Portfolio | Detroit, MI | Other | $75.0M | 6.385% | Jun 2029 | 1.64x | 83% | Current |
| Garfield Commons | Clinton Township, MI | Multifamily | $75.0M | 7.32% | Jan 2029 | n/a | n/a | Current |
| Midlink Business Park | Kalamazoo, MI | Office | $70.0M | 6.113% | Nov 2029 | 1.23x | 87% | Current |
| 1040 40th Street SE | Grand Rapids, MI | Industrial | $45.5M | 7.06% | Jun 2029 | 1.34x | 100% | 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.