Multifamily · Detroit, Michigan
640 Virginia Park Street
640 Virginia Park Street is financed with a $1.4M CMBS loan at 5.13% that reaches maturity on February 6, 2032, in 5 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $1,412,037
- Original balance (same notes)
- $1,425,000
- Interest rate
- 5.13%
- Originated
- n/a
- Maturity
- February 6, 2032
- Payments
- Amortizing over 30 years
- Master servicer
- KeyBank Real Estate Capital
- Originator
- SMC
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred January 30, 2024
- Workout strategy
- Foreclosure
- Defeasance
- None reported
The property
- Address
- 640 Virginia Park Street, Detroit, MI 48202
- Metro
- Detroit-Warren-Dearborn, MI
- Units, rooms or beds
- 21
- Built
- 1966
- Value at securitization
- $2.2M (Nov 2021)
Performance
| At securitization | Latest (Mar 2023) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.32x |
| Occupancy | 100% | 95% |
| Net operating income | n/a | $98K |
| Debt yield | 6.9% |
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 BMO 2022-C1 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
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 100% when the loan was securitized to 95%.
- The most recent valuation in the filing is $1.1M (April 22, 2025), against $2.2M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $1.4M | 90+ days delinquent | Yes | 1.32x | 95% |
| August 2026 | $1.4M | 90+ days delinquent | Yes | 1.32x | 95% |
| July 2026 | $1.4M | 90+ days delinquent | Yes | 1.32x | 95% |
| June 2026 | $1.4M | 90+ days delinquent | Yes | 1.32x | 95% |
| May 2026 | $1.4M | 90+ days delinquent | Yes | 1.32x | 95% |
| April 2026 | $1.4M | 90+ days delinquent | Yes | 1.32x | 95% |
| March 2026 | $1.4M | 90+ days delinquent | Yes | 1.32x | 95% |
| February 2026 | $1.4M | 90+ days delinquent | Yes | 1.32x | 95% |
| January 2026 | $1.4M | 90+ days delinquent | Yes | 1.32x | 95% |
| December 2025 | $1.4M | 90+ days delinquent | Yes | 1.32x | 95% |
| November 2025 | $1.4M | 90+ days delinquent | Yes | 1.32x | 95% |
| October 2025 | $1.4M | 90+ days delinquent | Yes | 1.32x | 95% |
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.
Special-servicing history
- Transferred to the special servicer January 30, 2024, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BMO 2022-C1 Mortgage Trust | 77 | $1,412,037 | Sep 2026 | SEC filing, October 2, 2026 |
Other Detroit-Warren-Dearborn loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One Campus Martius | Detroit, MI | Office | $218.0M | 6.02% | Jul 2032 | 1.97x | 82% | Current |
| Midtown Square | Troy, MI | Retail | $76.9M | 4.00% | Mar 2032 | 1.94x | 99% | Current |
| Evergreen | Detroit, MI | Industrial | $59.9M | 5.51% | Aug 2032 | n/a | n/a | Current |
| Brighton Towne Square | Brighton, MI | Mixed use | $40.0M | 5.906% | Jun 2032 | 1.34x | 100% | Current |
| PentaCentre Office | Troy, MI | Office | $32.2M | 5.32% | Jun 2032 | 1.80x | 65% | Current |
| Lakes Medical Center | West Bloomfield, MI | Office | $27.0M | 5.99% | Sep 2032 | 1.78x | 92% | Current |
| Hall Road Crossing | Shelby Township, MI | Retail | $26.4M | 4.12% | Mar 2032 | 1.70x | 100% | Current |
| Woodlands Officentre | Farmington Hills, MI | Office | $14.7M | 7.21% | Nov 2032 | 1.89x | 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.