Office · Ann Arbor, Michigan
Burlington Center
Burlington Center is financed with a $15.0M CMBS loan at 7.10% that reaches maturity on April 6, 2034, in 7 years and 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $14,954,425
- Original balance (same notes)
- $15,300,000
- Interest rate
- 7.10% fixed
- Originated
- April 5, 2024
- Maturity
- April 6, 2034
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- December 5, 2033
- Master servicer
- Trimont LLC
- Originator
- Argentic Real Estate Finance 2 LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 315 and 325 East Eisenhower Parkway, Ann Arbor, MI 48108
- Metro
- Ann Arbor, MI
- Rentable area
- 157,881 sq ft
- Built
- 1984, renovated 2013
- Largest tenants
- The Regents of the University of Michigan; Plymouth Oral & Facial Surgery P.L.C.; UBS Financial Services Inc.
- Value at securitization
- $33.2M (Feb 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.99x | 1.94x |
| Occupancy | 90% | 85% |
| Net operating income (annualized from 6 months) | $2.5M | $2.4M |
| Debt yield | 16.1% |
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 BBCMS Mortgage Trust 2024-C26 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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
- Occupancy has fallen from 90% when the loan was securitized to 85%.
- The filing gives Feb 2030 as the lease end date for the largest tenant (The Regents of the University of Michigan), 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 | $15.0M | Current | No | 1.94x | 85% |
| August 2026 | $15.0M | Current | No | 2.02x | 85% |
| July 2026 | $15.0M | Current | No | 2.02x | 85% |
| June 2026 | $15.0M | Current | No | 2.02x | 85% |
| May 2026 | $15.0M | Current | No | 2.02x | 85% |
| April 2026 | $15.0M | Current | No | 2.02x | 85% |
| March 2026 | $15.0M | Current | No | 2.80x | 92% |
| February 2026 | $15.0M | Current | No | 2.80x | 92% |
| January 2026 | $15.1M | Current | No | 2.80x | 92% |
| December 2025 | $15.1M | Current | No | 2.91x | 90% |
| November 2025 | $15.1M | Current | No | 2.91x | 90% |
| October 2025 | $15.1M | Current | No | 2.91x | 90% |
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 2024-C26 | 16 | $14,954,425 | Sep 2026 | SEC filing, October 1, 2026 |
Other Ann Arbor loans due in 2034
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Staybridge Suites - Ann Arbor, Mi | Ann Arbor, MI | Hotel | $13.8M | 7.42% | Oct 2034 | 1.71x | 73% | Current |
| Pollys Country Market | Chelsea, MI | Retail | $4.9M | 7.425% | Mar 2034 | 1.54x | 100% | 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.