Retail · Walker, Michigan
Green Orchards Shopping Center
Green Orchards Shopping Center is financed with a $9.5M CMBS loan at 4.09% that reaches maturity on December 6, 2029, in 3 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $9,459,713
- Original balance (same notes)
- $9,750,000
- Interest rate
- 4.09% fixed
- Originated
- December 9, 2019
- Maturity
- December 6, 2029
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ended
- January 5, 2022
- Master servicer
- Trimont LLC
- Originator
- Rialto Mortgage Finance, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 745 Center Drive Nw, Walker, MI 49544
- Metro
- Grand Rapids-Wyoming-Kentwood, MI
- Rentable area
- 156,633 sq ft
- Built
- 1996
- Largest tenants
- Kohl's Deparment Stores Inc.; OfficeMax; Shoe Carnival
- Value at securitization
- $16.9M (Oct 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.41x | 2.45x |
| Occupancy | 97% | 100% |
| Net operating income (annualized from 3 months) | $1.4M | $1.4M |
| Debt yield | 14.8% |
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 2020-C55 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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.
What the filing shows
- Occupancy has risen from 97% when the loan was securitized to 100%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $9.5M | Current | No | 2.45x | 100% |
| August 2026 | $9.5M | Current | No | 2.45x | 100% |
| July 2026 | $9.5M | Current | No | 2.45x | 100% |
| June 2026 | $9.5M | Current | No | 2.78x | 97% |
| May 2026 | $9.5M | Current | No | 2.78x | 97% |
| April 2026 | $9.5M | Current | No | 2.78x | 97% |
| March 2026 | $9.5M | Current | No | 2.42x | 97% |
| February 2026 | $9.6M | Current | No | 2.42x | 97% |
| January 2026 | $9.6M | Current | No | 2.42x | 97% |
| December 2025 | $9.6M | Current | No | 2.42x | 97% |
| November 2025 | $9.6M | Current | No | 2.37x | 97% |
| October 2025 | $9.6M | Current | No | 2.37x | 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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2020-C55 | 34 | $9,459,713 | Sep 2026 | SEC filing, September 29, 2026 |
Other Grand Rapids-Wyoming-Kentwood loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Farmers Insurance Corporate Campus | Caledonia, MI | Office | $92.8M | 3.55% | Sep 2029 | 1.60x | 100% | Current |
| Woodland Mall | Kentwood, MI | Retail | $80.0M | 7.35% | Dec 2029 | 2.16x | 95% | Current |
| 1040 40th Street SE | Grand Rapids, MI | Industrial | $45.5M | 7.06% | Jun 2029 | 1.34x | 100% | Current |
| 48 West | Allendale, MI | Multifamily | $33.0M | 7.20% | Jul 2029 | 1.37x | 93% | Current |
| Appletree | Walker, MI | Manufactured housing | $28.4M | 4.90% | Apr 2029 | n/a | n/a | Current |
| Village at Knapp's Crossing | Grand Rapids, MI | Retail | $25.2M | 3.65% | Nov 2029 | 2.11x | 100% | Current |
| Lofts On Michigan | Grand Rapids, MI | Multifamily | $8.9M | 5.02% | Jun 2029 | 1.19x | 98% | Current |
| WoodSpring Suites - Holland | Holland, MI | Hotel | $7.0M | 3.641% | Sep 2029 | n/a | n/a | Current |
All loans maturing in 2029 · All Grand Rapids-Wyoming-Kentwood 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.