Multifamily portfolio, 5 properties · Clinton Township, Michigan
Garfield Commons
This portfolio is financed with a $75.0M CMBS loan at 7.32% that reaches maturity on January 6, 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
- $75,000,000
- Original balance (same notes)
- $75,000,000
- Interest rate
- 7.32% fixed
- Originated
- December 8, 2023
- Maturity
- January 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 5, 2028
- Master servicer
- Berkadia
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 17673 Kingsbrooke Circle, Clinton Township, MI 48038
- Metro
- Detroit-Warren-Dearborn, MI
- Value at securitization
- $134.4M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $8.5M | n/a |
Watch flags
Computed from the Benchmark 2024-V5 Mortgage Trust filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 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 |
|---|---|---|---|---|
| Garfield Commons | Clinton Township, MI | Multifamily | n/a | n/a |
| Farmbrooke Manor | Clinton Township, MI | Multifamily | n/a | n/a |
| Warren Woods | Warren, MI | Multifamily | n/a | n/a |
| Highland Towers | Southfield, MI | Multifamily | n/a | n/a |
| Golf Manor | Roseville, MI | Multifamily | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $75.0M | Current | No | n/a | n/a |
| August 2026 | $75.0M | Current | No | n/a | n/a |
| July 2026 | $75.0M | Current | No | n/a | n/a |
| June 2026 | $75.0M | Current | No | n/a | n/a |
| May 2026 | $75.0M | Current | No | n/a | n/a |
| April 2026 | $75.0M | Current | No | 1.75x | 92% |
| March 2026 | $75.0M | Current | No | 1.75x | 92% |
| February 2026 | $75.0M | Current | No | 1.82x | 96% |
| January 2026 | $75.0M | Current | No | 1.82x | 96% |
| December 2025 | $75.0M | Current | No | 1.79x | 97% |
| November 2025 | $75.0M | Current | No | 1.79x | 97% |
| October 2025 | $75.0M | Current | No | 1.79x | 97% |
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 2024-V5 Mortgage Trust | 1 | $75,000,000 | Sep 2026 | SEC filing, September 25, 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 |
| 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 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.