Retail portfolio, 5 properties · Oak Park, Michigan
Dollar Walgreens Portfolio (Oak Park)
This portfolio is financed with a $8.1M CMBS loan at 6.36% that reaches maturity on February 6, 2033, in 6 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $8,076,250
- Original balance (same notes)
- $8,076,250
- Interest rate
- 6.36% fixed
- Originated
- January 30, 2023
- Maturity
- February 6, 2033
- Payments
- Interest only for the full term
- Prepayment lockout ends
- November 5, 2032
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 13550 Nine Mile Road 23090 Coolidge Hwy., Oak Park, MI 48237
- Metro
- Detroit-Warren-Dearborn, MI
- Value at securitization
- $12.8M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $905K | n/a |
Watch flags
Computed from the Benchmark 2023-B38 Mortgage Trust 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.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Dollar Walgreens Portfolio (Oak Park) | Oak Park, MI | Retail | n/a | n/a |
| 1343 Bessemer Road | Birmingham, AL | Retail | n/a | n/a |
| 19 N. Arlington Street | Akron, OH | Retail | n/a | n/a |
| 314 Highway 167 North | Bernice, LA | Retail | n/a | n/a |
| 3911 Joy Road | Detroit, MI | Retail | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.1M | Current | No | n/a | n/a |
| August 2026 | $8.1M | Current | No | n/a | n/a |
| July 2026 | $8.1M | Current | No | n/a | n/a |
| June 2026 | $8.1M | Current | No | n/a | n/a |
| May 2026 | $8.1M | Current | No | n/a | n/a |
| April 2026 | $8.1M | Current | No | 2.00x | 100% |
| March 2026 | $8.1M | Current | No | 2.00x | 100% |
| February 2026 | $8.1M | Current | No | 2.00x | 100% |
| January 2026 | $8.1M | Current | No | 2.00x | 100% |
| December 2025 | $8.1M | Late payment but less than 30 days delinquent | No | 1.98x | 100% |
| November 2025 | $8.1M | Current | No | 1.98x | 100% |
| October 2025 | $8.1M | Current | No | 1.98x | 100% |
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 |
|---|---|---|---|---|
| Benchmark 2023-B38 Mortgage Trust | 22 | $8,076,250 | Sep 2026 | SEC filing, October 1, 2026 |
Other Detroit-Warren-Dearborn loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Great Lakes Crossing Outlets | Auburn Hill, MI | Retail | $180.0M | 6.521% | Feb 2033 | 2.84x | 94% | Current |
| Park at Trowbridge | Southfield, MI | Multifamily | $28.8M | 7.28% | Nov 2033 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Utica Park Place | Utica, MI | Retail | $27.0M | 7.75% | Nov 2033 | 1.31x | 100% | Current |
| Peterboro Office & Retail | Detroit, MI | Mixed use | $6.3M | 7.555% | Jun 2033 | 1.49x | 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.