Multifamily portfolio, 2 properties · Howell, Michigan
Chestnut Woods & Chestnut Crossing
This portfolio is financed with a $33.0M CMBS loan at 5.66% that reaches maturity on August 1, 2031, in 4 years and 9 months. As of the Nov 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $33,000,000
- Original balance (same notes)
- $33,000,000
- Interest rate
- 5.66% fixed
- Originated
- July 13, 2026
- Maturity
- August 1, 2031
- Payments
- Interest only for the full term
- Prepayment premium ends
- April 30, 2031 (yield maintenance)
- Master servicer
- Walker
- Originator
- AxLender (DX) Subsidiary LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Metro
- Detroit-Warren-Dearborn, MI
- Units, rooms or beds
- 180
- Value at securitization
- $49.2M (Apr 2026)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.56x | n/a |
| Occupancy | 98% | n/a |
| Net operating income | $3.0M | n/a |
Watch flags
Computed from the AXDB 2026-MULT1 Mortgage Trust filing for the reporting period ending November 11, 2026, filed with the SEC October 21, 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.
The last 1 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $33.0M | Current | No | n/a | 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.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| AXDB 2026-MULT1 Mortgage Trust | 5 | $33,000,000 | Nov 2026 | SEC filing, October 21, 2026 |
Other Detroit-Warren-Dearborn loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Columbia Center | Troy, MI | Office | $55.0M | 6.845% | May 2031 | n/a | n/a | Current |
| Edge at Novi | Novi, MI | Multifamily | $50.0M | 5.86% | May 2031 | n/a | n/a | Current |
| Village of Rochester Hills | Rochester Hills, MI | Retail | $47.8M | 3.747% | May 2031 | 2.37x | 98% | Current |
| 325 North Woodward | MI | Mixed use | $38.0M | 7.19% | Aug 2031 | n/a | n/a | Current |
| Magna Seating Hq | Novi, MI | Office | $37.7M | 3.51% | Apr 2031 | 2.59x | 100% | Current |
| U-haul Moving & Storage Of Inkster | Inkster, MI | Self storage | $33.8M | 2.565% | Jul 2031 | n/a | n/a | Current |
| The Kensley | Howell, MI | Multifamily | $27.3M | 6.13% | May 2031 | n/a | n/a | Current |
| 211 West Fort Street | Detroit, MI | Office | $27.0M | 7.254% | Aug 2031 | n/a | n/a | Current |
All loans maturing in 2031 · All Detroit-Warren-Dearborn loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending November 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.