Mixed use · Detroit, Michigan
Baltimore Station
Baltimore Station is financed with a $6.5M CMBS loan at 4.33% that reaches maturity on November 6, 2030, in 4 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer.
The loan
- Balance in tracked trusts
- $6,500,000
- Original balance (same notes)
- $6,500,000
- Interest rate
- 4.33% fixed
- Originated
- October 22, 2020
- Maturity
- November 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ended
- January 5, 2023
- Master servicer
- Trimont LLC
- Originator
- Argentic Real Estate Finance LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred March 26, 2026
- Workout strategy
- Foreclosure
- Defeasance
- Partly defeased
The property
- Address
- 6402 & 6408 Woodward Avenue, Detroit, MI 48202
- Metro
- Detroit-Warren-Dearborn, MI
- Rentable area
- 26,069 sq ft
- Built
- 1922, renovated 2018
- Largest tenants
- CRÈME BRULEE PAUL MITCHELL SALON; HUNTINGTON BANK; SPALDING DEDECKER
- Value at securitization
- $10.1M (Apr 2020)
Performance
| At securitization | Latest (Sep 2025) | |
|---|---|---|
| DSCR (NOI) | 1.90x | 0.87x |
| Occupancy | 95% | 91% |
| Net operating income (annualized from 9 months) | $541K | $248K |
| Debt yield | 3.8% |
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 Wells Fargo Commercial Mortgage Trust 2020-C58 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
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 95% when the loan was securitized to 91%.
- Net operating income is 54% below the underwritten figure ($248K a year against $541K; the latest statement covers 9 months, annualized).
- Debt service coverage moved from 1.90x at securitization to 0.87x on the latest statements.
- At 0.87x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.5M | Current | Yes | 0.87x | 91% |
| August 2026 | $6.5M | Late payment but less than 30 days delinquent | Yes | 0.87x | 91% |
| July 2026 | $6.5M | Late payment but less than 30 days delinquent | Yes | 0.87x | 91% |
| June 2026 | $6.5M | Late payment but less than 30 days delinquent | Yes | 0.87x | 91% |
| May 2026 | $6.5M | Late payment but less than 30 days delinquent | Yes | 0.87x | 91% |
| April 2026 | $6.5M | Late payment but less than 30 days delinquent | Yes | 0.87x | 91% |
| March 2026 | $6.5M | Current | No | 0.87x | 91% |
| February 2026 | $6.5M | Current | No | 0.87x | 91% |
| January 2026 | $6.5M | Current | No | 0.88x | 77% |
| December 2025 | $6.5M | Current | No | 0.88x | 77% |
| November 2025 | $6.5M | Current | No | 0.88x | 77% |
| October 2025 | $6.5M | Current | No | 0.94x | 83% |
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 26, 2026, 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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2020-C58 | 36 | $6,500,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Detroit-Warren-Dearborn loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Gateway Industrial Center | Detroit, MI | Industrial | $93.0M | 6.74% | Jul 2030 | n/a | n/a | Late, less than 30 days |
| The Westin Book Cadillac | Detroit, MI | Hotel | $75.0M | 4.39% | Feb 2030 | 0.83x | 63% | Current |
| The Draxton Hotel 2.0 | Birmingham, MI | Hotel | $50.0M | 6.82% | Aug 2030 | 2.32x | 67% | Current |
| Infinity Park Apartments | Detroit, MI | Multifamily | $38.0M | 5.613% | Dec 2030 | n/a | n/a | Current |
| Southfield Westin | Southfield, MI | Hotel | $37.9M | 7.395% | May 2030 | 2.01x | 70% | Current |
| Lewis Technology Centre | Novi, MI | Office | $30.6M | 3.688% | Feb 2030 | n/a | n/a | Current |
| The Standard | Farmington Hills, MI | Office | $28.7M | 3.672% | Nov 2030 | 0.48x | 35% | Current |
| Brewery Park - Phase II | Detroit, MI | Office | $27.1M | 4.035% | Sep 2030 | n/a | n/a | Current |
All loans maturing in 2030 · 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.