Office · Southfield, Michigan
Central Park Plaza, Southfield
Central Park Plaza is financed with a $7.8M CMBS loan at 4.45% that reaches maturity on August 6, 2029, in 2 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,821,922
- Original balance (same notes)
- $9,250,000
- Interest rate
- 4.45% fixed
- Originated
- July 12, 2019
- Maturity
- August 6, 2029
- Payments
- Amortizing over 27 years
- Prepayment lockout ends
- May 5, 2029
- Master servicer
- Trimont LLC
- Originator
- Ladder Capital Finance LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 26211 Central Park Boulevard, Southfield, MI 48076
- Metro
- Detroit-Warren-Dearborn, MI
- Rentable area
- 115,276 sq ft
- Built
- 1972, renovated 2016
- Largest tenants
- Washtenaw County HIDTA; Elite School Management Inc.; Michigan Orthopaedic Surgeons
- Value at securitization
- $15.0M (May 2019)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.97x | 1.25x |
| Occupancy | 89% | 84% |
| Net operating income | $1.2M | $735K |
| Debt yield | 9.4% |
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 2019-C52 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
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 89% when the loan was securitized to 84%.
- Net operating income is 37% below the underwritten figure ($735K a year against $1.2M).
- Debt service coverage moved from 1.97x at securitization to 1.25x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.8M | Current | No | 1.25x | 84% |
| August 2026 | $7.8M | Current | No | 1.25x | 84% |
| July 2026 | $7.9M | Current | No | 1.25x | 84% |
| June 2026 | $7.9M | Current | No | 1.25x | 84% |
| May 2026 | $7.9M | Late payment but less than 30 days delinquent | No | 1.25x | 84% |
| April 2026 | $7.9M | Current | No | 1.22x | 86% |
| March 2026 | $7.9M | Current | No | 1.22x | 86% |
| February 2026 | $8.0M | Current | No | 1.22x | 86% |
| January 2026 | $8.0M | Current | No | 1.14x | 85% |
| December 2025 | $8.0M | Current | No | 1.17x | 76% |
| November 2025 | $8.0M | Current | No | 1.17x | 76% |
| October 2025 | $8.0M | Current | No | 1.17x | 76% |
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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2019-C52 | 31 | $7,821,922 | Sep 2026 | SEC filing, September 29, 2026 |
Other Detroit-Warren-Dearborn loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| First National Building | Detroit, MI | Office | $430.0M | 3.778% | Jan 2029 | n/a | n/a | Current |
| FCA USA - Detroit, MI | Detroit, MI | Industrial | $147.9M | 5.744% | Apr 2029 | n/a | n/a | Current |
| Bedrock Mixed-Use Portfolio | Detroit, MI | Other | $75.0M | 6.385% | Jun 2029 | 1.64x | 83% | Current |
| Garfield Commons | Clinton Township, MI | Multifamily | $75.0M | 7.32% | Jan 2029 | n/a | n/a | Current |
| Amazon Distribution Livonia | Livonia, MI | Industrial | $34.0M | 3.73% | May 2029 | 3.79x | 100% | Current |
| Pointe Plaza | Grosse Pointe Woods, MI | Mixed use | $30.5M | 7.955% | Jul 2029 | 1.61x | 100% | Current |
| Northville Village Shopping Center Phase I | Northville, MI | Retail | $29.5M | 6.50% | Sep 2029 | 1.65x | 98% | Current |
| Waterside Marketplace | Chesterfield, MI | Retail | $25.8M | 6.21% | Nov 2029 | 2.34x | 93% | Current |
All loans maturing in 2029 · 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.