Industrial · Detroit, Michigan
Gateway Industrial Center
Public CMBS trusts hold $93.0M of the loan on Gateway Industrial Center at 6.74% that reaches maturity on July 6, 2030, in 3 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $93,000,000
- Original balance (same notes)
- $93,000,000
- Interest rate
- 6.74% fixed
- Originated
- June 9, 2025
- Maturity
- July 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 5, 2030
- Master servicer
- Trimont LLC
- Originator
- Argentic Real Estate Finance 2 LLC
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 12601 and 12701 Southfield Freeway, Detroit, MI 48223
- Metro
- Detroit-Warren-Dearborn, MI
- Rentable area
- 1,441,839 sq ft
- Built
- 1948, renovated 2023
- Largest tenants
- Detroit Manufacturing Systems, LLC; Tiberina Detroit, Inc.; Quaker Houghton PA, Inc.
- Value at securitization
- $160.3M (Jun 2026)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.30x | n/a |
| Occupancy | 78% | n/a |
| Net operating income | $8.3M | n/a |
Watch flags
Computed from the Wells Fargo Commercial Mortgage Trust 2025-5C5 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Largest tenant's lease ends within 12 months
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
- The filing gives Sep 2027 as the lease end date for the largest tenant (Detroit Manufacturing Systems, LLC), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $93.0M | Late payment but less than 30 days delinquent | No | 0.78x | 72% |
| August 2026 | $93.0M | Current | No | 0.78x | 72% |
| July 2026 | $94.8M | Current | No | 0.87x | 72% |
| June 2026 | $93.0M | Current | No | 0.87x | 72% |
| May 2026 | $93.0M | Current | No | 0.87x | 72% |
| April 2026 | $93.0M | Current | No | 0.87x | 72% |
| March 2026 | $93.0M | Current | No | n/a | n/a |
| February 2026 | $93.0M | Current | No | n/a | n/a |
| January 2026 | $93.0M | Current | No | n/a | n/a |
| December 2025 | $93.0M | Current | No | n/a | n/a |
| November 2025 | $93.0M | Current | No | n/a | n/a |
| October 2025 | $77.8M | 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
The loan is split into 6 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2025-5C5 | 2A | $30,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Wells Fargo Commercial Mortgage Trust 2025-5C5 | 2 | $28,250,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BMO 2025-5C12 Mortgage Trust | 13 | $15,250,000 | Sep 2026 | SEC filing, October 2, 2026 |
| Benchmark 2025-V16 Mortgage Trust | 22 | $10,000,000 | Sep 2026 | SEC filing, September 30, 2026 |
| Benchmark 2025-V17 Mortgage Trust | 23 | $8,250,000 | Sep 2026 | SEC filing, October 1, 2026 |
| Wells Fargo Commercial Mortgage Trust 2025-5C5 | 2B | $1,250,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Detroit-Warren-Dearborn loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Westin Book Cadillac | Detroit, MI | Hotel | $75.0M | 4.39% | Feb 2030 | 0.83x | 63% | Current |
| The Draxton Hotel 2.0 | Birmingham, MI | Hotel | $50.0M | 6.82% | Aug 2030 | 2.32x | 67% | Current |
| Infinity Park Apartments | Detroit, MI | Multifamily | $38.0M | 5.613% | Dec 2030 | n/a | n/a | Current |
| Southfield Westin | Southfield, MI | Hotel | $37.9M | 7.395% | May 2030 | 2.01x | 70% | Current |
| Lewis Technology Centre | Novi, MI | Office | $30.6M | 3.688% | Feb 2030 | n/a | n/a | Current |
| The Standard | Farmington Hills, MI | Office | $28.7M | 3.672% | Nov 2030 | 0.48x | 35% | Current |
| Brewery Park - Phase II | Detroit, MI | Office | $27.1M | 4.035% | Sep 2030 | n/a | n/a | Current |
| Gale Gardens Individual Property | Melvindale, MI | Multifamily | $21.4M | 3.85% | Mar 2030 | n/a | n/a | Current |
All loans maturing in 2030 · 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.