Retail · Westland, Michigan
Kohl's Westland
Kohl's Westland is financed with a $9.2M CMBS loan at 5.12% that reaches maturity on March 6, 2028, in 16 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $9,225,755
- Original balance (same notes)
- $10,100,000
- Interest rate
- 5.12% fixed
- Originated
- February 20, 2018
- Maturity
- March 6, 2028
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- January 5, 2028
- Master servicer
- Midland
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 35000 Warren Road, Westland, MI 48185
- Metro
- Detroit-Warren-Dearborn, MI
- Rentable area
- 90,860 sq ft
- Built
- 1987, renovated 1996
- Largest tenants
- Westland BJ Partners LLC
- Value at securitization
- $14.7M (Jan 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.64x | 1.60x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $1.1M | $2.1M |
| Debt yield | 23.1% |
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 COMM 2018-COR3 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.
What the filing shows
- Net operating income is 97% above the underwritten figure ($2.1M a year against $1.1M; the latest statement covers 6 months, annualized).
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $9.2M | Current | No | 1.60x | 100% |
| August 2026 | $9.2M | Current | No | n/a | n/a |
| July 2026 | $9.3M | Current | No | n/a | n/a |
| June 2026 | $9.3M | Current | No | n/a | n/a |
| May 2026 | $9.3M | Current | No | n/a | n/a |
| April 2026 | $9.3M | Current | No | 1.65x | 100% |
| March 2026 | $9.3M | Current | No | 1.65x | 100% |
| February 2026 | $9.3M | Current | No | 1.65x | 100% |
| January 2026 | $9.3M | Current | No | 1.63x | 100% |
| December 2025 | $9.4M | Current | No | 1.63x | 100% |
| November 2025 | $9.4M | Current | No | 1.64x | 100% |
| October 2025 | $9.4M | Current | No | 1.64x | 100% |
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 |
|---|---|---|---|---|
| COMM 2018-COR3 Mortgage Trust | 27 | $9,225,755 | Sep 2026 | SEC filing, September 25, 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 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.