Industrial · Rochester Hills, Michigan
1500 West Hamlin Road
1500 West Hamlin Road is financed with a $9.3M CMBS loan at 8.32% that reaches maturity on November 6, 2028, in 2 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $9,250,000
- Original balance (same notes)
- $9,250,000
- Interest rate
- 8.32% fixed
- Originated
- November 1, 2023
- Maturity
- November 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- July 5, 2028
- Master servicer
- Midland
- Originator
- BSPRT CMBS Finance, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1500 West Hamlin Road, Rochester Hills, MI 48309
- Metro
- Detroit-Warren-Dearborn, MI
- Rentable area
- 100,000 sq ft
- Built
- 2017
- Largest tenants
- 1500 Hamlin LLC
- Value at securitization
- $16.9M (Sep 2023)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.41x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $1.1M | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2023-5C23 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $9.3M | Current | No | n/a | n/a |
| August 2026 | $9.3M | Current | No | n/a | n/a |
| July 2026 | $9.3M | Current | No | n/a | n/a |
| June 2026 | $9.3M | Current | No | n/a | n/a |
| May 2026 | $9.3M | Current | No | n/a | n/a |
| April 2026 | $9.3M | Current | No | 1.48x | 100% |
| March 2026 | $9.3M | Current | No | 1.48x | 100% |
| February 2026 | $9.3M | Current | No | 1.48x | 100% |
| January 2026 | $9.3M | Current | No | 1.46x | 100% |
| December 2025 | $9.3M | Current | No | 1.46x | 100% |
| November 2025 | $9.3M | Current | No | 1.46x | 100% |
| October 2025 | $9.3M | Current | No | 1.48x | 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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2023-5C23 | 19 | $9,250,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Detroit-Warren-Dearborn loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Twelve Oaks Mall | Novi, MI | Retail | $170.2M | 4.399% | Mar 2028 | 2.43x | 86% | Current |
| Romulus - Huron | Romulus, MI | Industrial | $127.8M | 7.35% | May 2028 | 1.37x | 69% | Current |
| Penske Distribution Center | Romulus, MI | Industrial | $70.0M | 4.63% | Dec 2028 | 2.59x | 100% | Current |
| Brasswater Warehouse Portfolio | Warren, MI | Office | $65.5M | 7.25% | Jul 2028 | n/a | n/a | Current |
| Troy Place | Troy, MI | Office | $40.0M | 5.09% | Dec 2028 | 2.38x | 65% | Current |
| Kohl's Shelby Property | Shelby Township, MI | Retail | $38.1M | 3.09% | Sep 2028 | n/a | n/a | Current |
| Travelers Tower I | Southfield, MI | Office | $33.0M | 4.82% | Jul 2028 | 2.12x | 75% | Current |
| One Kennedy Square | Detroit, MI | Office | $33.0M | 4.60% | Feb 2028 | 1.93x | 88% | Current |
All loans maturing in 2028 · All Detroit-Warren-Dearborn 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.