Office portfolio, 14 properties · Detroit, Michigan
First National Building
Public CMBS trusts hold $430.0M of the loan on this portfolio at 3.778% that reaches maturity on January 1, 2029, in 2 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $430,000,000
- Original balance (same notes)
- $503,650,240
- Interest rate
- 3.778%
- Originated
- n/a
- Maturity
- January 1, 2029
- Payments
- Amortizing
- Master servicer
- KeyBank Real Estate Capital
- Originator
- SMC, JPMCB
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 660 Woodward Avenue, Detroit, MI 48226
- Metro
- Detroit-Warren-Dearborn, MI
- Value at securitization
- $724.3M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | n/a | $54.1M |
| Debt yield | 12.6% |
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 BENCHMARK 2022-B35 MORTGAGE TRUST filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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 |
|---|---|---|---|---|
| First National Building | Detroit, MI | Office | 76% | 3.33x |
| The Qube | Detroit, MI | Office | 87% | n/a |
| Chrysler House | Detroit, MI | Office | 85% | n/a |
| 1001 Woodward | Detroit, MI | Office | 82% | n/a |
| One Woodward | Detroit, MI | Office | 76% | n/a |
| The Z Garage | Detroit, MI | Other | 100% | n/a |
| Two Detroit Garage | Detroit, MI | Other | 100% | n/a |
| 1505 & 1515 Woodward | Detroit, MI | Office | 96% | n/a |
| 1001 Brush Street | Detroit, MI | Other | 100% | n/a |
| The Assembly | Detroit, MI | Mixed Use | 75% | n/a |
| 419 Fort Street Garage | Detroit, MI | Other | 100% | n/a |
| Vinton | Detroit, MI | Mixed Use | 100% | n/a |
| 1401 First Street | Detroit, MI | Other | 100% | n/a |
| Lane Bryant Building | Detroit, MI | Office | 86% | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $430.0M | Current | No | 4.07x | 76% |
| August 2026 | $430.0M | Current | No | 4.07x | 76% |
| July 2026 | $430.0M | Late payment but less than 30 days delinquent | No | 3.33x | 76% |
| June 2026 | $430.0M | Late payment but less than 30 days delinquent | No | 3.33x | 76% |
| May 2026 | $430.0M | Current | No | 3.50x | 76% |
| April 2026 | $430.0M | Late payment but less than 30 days delinquent | No | 4.16x | 76% |
| March 2026 | $430.0M | Current | No | 4.38x | 76% |
| February 2026 | $430.0M | Late payment but less than 30 days delinquent | No | 4.38x | 76% |
| January 2026 | $430.0M | Current | No | 4.38x | 76% |
| December 2025 | $430.0M | Current | No | 4.27x | 76% |
| November 2025 | $430.0M | Current | No | 4.27x | 76% |
| October 2025 | $395.0M | Current | No | 3.43x | 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
The loan is split into 9 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2022-B32 Mortgage Trust | 2 | $125,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| Benchmark 2022-B33 Mortgage Trust | 3 | $80,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| Benchmark 2022-B34 Mortgage Trust | 3 | $50,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BMO 2022-C1 Mortgage Trust | 8 | $40,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BENCHMARK 2022-B35 MORTGAGE TRUST | 8B | $39,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| Benchmark 2022-B34 Mortgage Trust | 3A | $35,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BBCMS Mortgage Trust 2022-C15 | 13 | $26,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Morgan Stanley Capital I Trust 2022-L8 | 13 | $20,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BENCHMARK 2022-B35 MORTGAGE TRUST | 8A | $15,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Detroit-Warren-Dearborn loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 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 |
| Home Depot Livonia Mi | Livonia, MI | Retail | $24.7M | 4.75% | Apr 2029 | 2.04x | 100% | 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.