Self storage portfolio, 12 properties · Michigan
Inland Self Storage Michigan Portfolio
Public CMBS trusts hold $46.7M of the loan on this portfolio at 3.71% that reaches maturity on March 1, 2030, in 3 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $46,711,196
- Original balance (same notes)
- $50,000,000
- Interest rate
- 3.71% fixed
- Originated
- February 4, 2020
- Maturity
- March 1, 2030
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ended
- April 30, 2022
- Prepayment premium ends
- December 31, 2029 (yield maintenance)
- Master servicer
- KeyBank National Association
- Originator
- KeyBank National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Units, rooms or beds
- 5,705
- Value at securitization
- $102.7M (Feb 2020)
Performance
| At securitization | Latest (Dec 2024) | |
|---|---|---|
| DSCR (NOI) | 1.55x | 1.89x |
| Occupancy | 88% | 79% |
| Net operating income | $5.7M | $7.0M |
| Debt yield | 14.9% |
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 BBCMS Mortgage Trust 2020-C7 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 fallen from 88% when the loan was securitized to 79%.
- Net operating income is 22% above the underwritten figure ($7.0M a year against $5.7M).
- Debt service coverage moved from 1.55x at securitization to 1.89x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $46.7M | Current | No | 1.89x | 79% |
| August 2026 | $46.8M | Current | No | 1.89x | 79% |
| July 2026 | $46.9M | Current | No | 1.89x | 79% |
| June 2026 | $47.0M | Current | No | 1.89x | 79% |
| May 2026 | $47.0M | Current | No | 1.89x | 79% |
| April 2026 | $47.1M | Current | No | 1.89x | 79% |
| March 2026 | $47.2M | Current | No | 1.89x | 79% |
| February 2026 | $47.3M | Current | No | 1.89x | 79% |
| January 2026 | $47.4M | Current | No | 1.89x | 79% |
| December 2025 | $47.5M | Current | No | 1.89x | 79% |
| November 2025 | $47.5M | Current | No | 1.89x | 79% |
| October 2025 | $47.6M | Current | No | 1.89x | 79% |
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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2020-C7 | 4 | $46,711,196 | Sep 2026 | SEC filing, September 29, 2026 |
Other Michigan loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Gateway Industrial Center | Detroit, MI | Industrial | $93.0M | 6.74% | Jul 2030 | n/a | n/a | Late, less than 30 days |
| 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 |
| Earhart Corporate Center | Ann Arbor, MI | Office | $29.5M | 3.572% | Oct 2030 | 2.11x | 96% | Current |
| The Standard | Farmington Hills, MI | Office | $28.7M | 3.672% | Nov 2030 | 0.48x | 35% | Current |
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.