Hotel · Sterling Heights, Michigan
Hampton Inn & Suites - Sterling Heights
Hampton Inn & Suites - Sterling Heights is financed with a $6.6M CMBS loan at 5.72% that reaches maturity on December 1, 2028, in 2 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
- $6,639,289
- Original balance (same notes)
- $7,500,000
- Interest rate
- 5.72% fixed
- Originated
- November 19, 2018
- Maturity
- December 1, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- August 31, 2028
- Master servicer
- Trimont LLC
- Originator
- Basis Real Estate Capital II, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 36400 Van Dyke Avenue, Sterling Heights, MI 48312
- Metro
- Detroit-Warren-Dearborn, MI
- Units, rooms or beds
- 76
- Built
- 2002
- Value at securitization
- $12.9M (Jan 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.95x | -0.63x |
| Occupancy | 85% | 49% |
| Net operating income | $1.0M | $-332K |
| Debt yield | -5.0% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the Wells Fargo Commercial Mortgage Trust 2018-C48 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Occupancy has fallen from 85% when the loan was securitized to 49%.
- Net operating income is 133% below the underwritten figure ($-332K a year against $1.0M).
- Debt service coverage moved from 1.95x at securitization to -0.63x on the latest statements.
- At -0.63x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.6M | Current | No | -0.63x | 49% |
| August 2026 | $6.7M | Current | No | -0.63x | 49% |
| July 2026 | $6.7M | Current | No | -0.63x | 49% |
| June 2026 | $6.7M | Current | No | -0.63x | 49% |
| May 2026 | $6.7M | Current | No | -0.13x | 52% |
| April 2026 | $6.7M | Current | No | -0.13x | 52% |
| March 2026 | $6.7M | Current | No | -0.13x | 52% |
| February 2026 | $6.7M | Current | No | -0.13x | 52% |
| January 2026 | $6.7M | Current | No | 0.39x | 52% |
| December 2025 | $6.7M | Current | No | 0.39x | 52% |
| November 2025 | $6.8M | Current | No | 0.39x | 52% |
| October 2025 | $6.8M | Current | No | 0.39x | 52% |
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 2018-C48 | 36 | $6,639,289 | Sep 2026 | SEC filing, September 29, 2026 |
Other Detroit-Warren-Dearborn loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Twelve Oaks Mall | Novi, MI | Retail | $170.2M | 4.399% | Mar 2028 | 2.43x | 86% | Current |
| Romulus - Huron | Romulus, MI | Industrial | $127.8M | 7.35% | May 2028 | 1.37x | 69% | Current |
| Penske Distribution Center | Romulus, MI | Industrial | $70.0M | 4.63% | Dec 2028 | 2.59x | 100% | Current |
| Brasswater Warehouse Portfolio | Warren, MI | Office | $65.5M | 7.25% | Jul 2028 | n/a | n/a | Current |
| Troy Place | Troy, MI | Office | $40.0M | 5.09% | Dec 2028 | 2.38x | 65% | Current |
| Kohl's Shelby Property | Shelby Township, MI | Retail | $38.1M | 3.09% | Sep 2028 | n/a | n/a | Current |
| Travelers Tower I | Southfield, MI | Office | $33.0M | 4.82% | Jul 2028 | 2.12x | 75% | Current |
| One Kennedy Square | Detroit, MI | Office | $33.0M | 4.60% | Feb 2028 | 1.93x | 88% | Current |
All loans maturing in 2028 · 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.