Industrial portfolio, 2 properties · Alma, Michigan
Alma Products and Velko Hinge Portfolio
This portfolio is financed with a $14.3M CMBS loan at 7.543% that reaches maturity on September 6, 2033, in 6 years and 10 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
- $14,250,000
- Original balance (same notes)
- $14,250,000
- Interest rate
- 7.543% fixed
- Originated
- August 30, 2023
- Maturity
- September 6, 2033
- Payments
- Interest only for the full term
- Prepayment lockout ends
- June 5, 2033
- Originator
- Barclays Capital Real Estate Inc.
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred March 4, 2025
- Workout strategy
- Foreclosure
- Advancing
- The servicer has stopped advancing on this loan (non-recoverable)
- Defeasance
- None reported
The property
- Address
- 2000 Michigan Ave, Alma, MI 48801
- Value at securitization
- $21.8M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | n/a | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2023-C21 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Servicer stopped advancing
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.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Alma Products and Velko Hinge Portfolio | Alma, MI | Industrial | n/a | n/a |
| 9325 Kennedy Court | Munster, IN | Industrial | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $14.3M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $14.3M | 90+ days delinquent | Yes | n/a | n/a |
| July 2026 | $14.3M | 90+ days delinquent | Yes | n/a | n/a |
| June 2026 | $14.3M | 90+ days delinquent | Yes | n/a | n/a |
| May 2026 | $14.3M | 90+ days delinquent | Yes | n/a | n/a |
| April 2026 | $14.3M | 90+ days delinquent | Yes | 0.05x | n/a |
| March 2026 | $14.3M | 90+ days delinquent | Yes | 0.05x | n/a |
| February 2026 | $14.3M | 90+ days delinquent | Yes | 0.05x | n/a |
| January 2026 | $14.3M | 90+ days delinquent | Yes | 0.05x | n/a |
| December 2025 | $14.3M | 90+ days delinquent | Yes | 0.05x | n/a |
| November 2025 | $14.3M | 90+ days delinquent | Yes | 0.05x | n/a |
| October 2025 | $14.3M | 90+ days delinquent | Yes | 0.05x | 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.
Special-servicing history
- Transferred to the special servicer March 4, 2025, 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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2023-C21 | 18 | $14,250,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Michigan loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Great Lakes Crossing Outlets | Auburn Hill, MI | Retail | $180.0M | 6.521% | Feb 2033 | 2.84x | 94% | Current |
| Blackbird Portfolio | Ann Arbor, MI | Other | $30.0M | 7.92% | Dec 2033 | 1.45x | 56% | Current |
| Park at Trowbridge | Southfield, MI | Multifamily | $28.8M | 7.28% | Nov 2033 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Metra Portfolio | Belding, MI | Industrial | $27.2M | 7.50% | Nov 2033 | n/a | n/a | Current |
| Utica Park Place | Utica, MI | Retail | $27.0M | 7.75% | Nov 2033 | 1.31x | 100% | Current |
| Maple Hill Pavilion | Kalamazoo, MI | Retail | $23.2M | 6.07% | May 2033 | n/a | n/a | Current |
| Fedex Ground - Lansing | Lansing, MI | Industrial | $11.8M | 5.53% | Feb 2033 | 2.01x | 100% | Current |
| Tammany on the Ponds | Lansing, MI | Multifamily | $9.7M | 6.939% | Jul 2033 | 1.55x | 97% | 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.