Self storage · Lake Orion, Michigan
Clc - Premier Self Storage
Clc - Premier Self Storage is financed with a $11.7M CMBS loan at 3.535% that reaches maturity on November 11, 2031, in 5 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $11,700,000
- Original balance (same notes)
- $11,700,000
- Interest rate
- 3.535% fixed
- Originated
- October 22, 2021
- Maturity
- November 11, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 10, 2031
- Master servicer
- Trimont LLC
- Originator
- WFB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 100, 110, 140 Premier Drive, Lake Orion, MI 48359
- Metro
- Detroit-Warren-Dearborn, MI
- Rentable area
- 76,779 sq ft
- Units, rooms or beds
- 600
- Built
- 1987, renovated 2000
- Value at securitization
- $18.0M (Oct 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.44x | 2.16x |
| Occupancy | 100% | 91% |
| Net operating income (annualized from 6 months) | $1.0M | $909K |
| Debt yield | 7.8% |
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 2021-C61 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x 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 100% when the loan was securitized to 91%.
- Net operating income is 11% below the underwritten figure ($909K a year against $1.0M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.44x at securitization to 2.16x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $11.7M | Current | No | 2.16x | 91% |
| August 2026 | $11.7M | Current | No | 1.99x | 93% |
| July 2026 | $11.7M | Current | No | 1.99x | 93% |
| June 2026 | $11.7M | Current | No | 1.99x | 93% |
| May 2026 | $11.7M | Current | No | 2.32x | 92% |
| April 2026 | $11.7M | Current | No | 2.32x | 92% |
| March 2026 | $11.7M | Current | No | 2.33x | 92% |
| February 2026 | $11.7M | Current | No | 2.33x | 92% |
| January 2026 | $11.7M | Current | No | 2.33x | 92% |
| December 2025 | $11.7M | Current | No | 2.33x | 92% |
| November 2025 | $11.7M | Current | No | 2.30x | 89% |
| October 2025 | $11.7M | Current | No | 2.30x | 89% |
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 2021-C61 | 23 | $11,700,000 | Sep 2026 | SEC filing, September 29, 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 |
| Chestnut Woods & Chestnut Crossing | Howell, MI | Multifamily | $33.0M | 5.66% | Aug 2031 | n/a | n/a | Current |
| The Kensley | Howell, MI | Multifamily | $27.3M | 6.13% | May 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 September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.