Mixed use · Traverse City, Michigan
400 West Front Street II
400 West Front Street II is financed with a $1.9M CMBS loan at 4.79% that reaches maturity on May 6, 2029, in 2 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $1,878,236
- Original balance (same notes)
- $2,100,000
- Interest rate
- 4.79% fixed
- Originated
- April 9, 2019
- Maturity
- May 6, 2029
- Payments
- Interest only for 12 months, then amortizing
- Prepayment lockout ended
- June 5, 2020
- Prepayment premium ends
- December 5, 2028 (yield maintenance)
- Master servicer
- Midland
- Originator
- SMC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 400 West Front Street Unit 1 And Unit 3, Traverse City, MI 49684
- Rentable area
- 15,719 sq ft
- Built
- 1904, renovated 2003
- Largest tenants
- North Peak Brewing Co; Seman Brown & Brown; Eternal Wellness LLC
- Value at securitization
- $3.4M (Mar 2019)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.55x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $218K | n/a |
Watch flags
Computed from the Morgan Stanley Capital I Trust 2019-H6 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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
- The filing gives May 2028 as the lease end date for the largest tenant (North Peak Brewing Co), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $1.9M | Current | No | n/a | n/a |
| August 2026 | $1.9M | Current | No | n/a | n/a |
| July 2026 | $1.9M | Current | No | n/a | n/a |
| June 2026 | $1.9M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| May 2026 | $1.9M | Current | No | n/a | n/a |
| April 2026 | $1.9M | Current | No | 2.46x | n/a |
| March 2026 | $1.9M | Current | No | 2.46x | n/a |
| February 2026 | $1.9M | Current | No | 2.46x | n/a |
| January 2026 | $1.9M | Current | No | 2.46x | n/a |
| December 2025 | $1.9M | Current | No | n/a | n/a |
| November 2025 | $1.9M | Current | No | n/a | n/a |
| October 2025 | $1.9M | 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 |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2019-H6 | 28 | $1,878,236 | Sep 2026 | SEC filing, October 2, 2026 |
Other Michigan loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Grand Traverse Crossing | Traverse City, MI | Retail | $22.0M | 4.86% | Jun 2029 | 1.68x | 99% | 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.