Retail · Livonia, Michigan
Livonia Commons
Livonia Commons is financed with a $14.0M CMBS loan at 4.163% that reaches maturity on October 1, 2026, this month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $14,018,116
- Original balance (same notes)
- $17,500,000
- Interest rate
- 4.163% fixed
- Originated
- September 15, 2016
- Maturity
- October 1, 2026
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- June 30, 2026
- Master servicer
- Trimont LLC
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 13507 Middlebelt Road, Livonia, MI 48150
- Metro
- Detroit-Warren-Dearborn, MI
- Rentable area
- 150,407 sq ft
- Built
- 1962, renovated 2015
- Largest tenants
- Dick's Sporting Goods; Auto Zone; Ross Dress for Less
- Value at securitization
- $24.5M (Aug 2016)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.58x | 1.75x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $1.6M | $1.8M |
| Debt yield | 12.8% |
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 Morgan Stanley Bank of America Merrill Lynch Trust 2016-C32 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Past maturity
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 11% above the underwritten figure ($1.8M a year against $1.6M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.58x at securitization to 1.75x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $14.0M | Current | No | 1.75x | 100% |
| August 2026 | $14.1M | Current | No | 1.75x | 100% |
| July 2026 | $14.1M | Current | No | 1.93x | 100% |
| June 2026 | $14.1M | Current | No | 2.08x | 100% |
| May 2026 | $14.2M | Current | No | 2.08x | 100% |
| April 2026 | $14.2M | Current | No | 2.08x | 100% |
| March 2026 | $14.2M | Current | No | 2.09x | 100% |
| February 2026 | $14.3M | Current | No | 2.09x | 100% |
| January 2026 | $14.3M | Current | No | 2.09x | 100% |
| December 2025 | $14.3M | Current | No | 2.09x | 100% |
| November 2025 | $14.4M | Current | No | 2.09x | 100% |
| October 2025 | $14.4M | Current | No | 1.98x | 84% |
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 |
|---|---|---|---|---|
| Morgan Stanley Bank of America Merrill Lynch Trust 2016-C32 | 20 | $14,018,116 | Sep 2026 | SEC filing, September 29, 2026 |
Other Detroit-Warren-Dearborn loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 3800 Hamlin | Auburn Hills, MI | Office | $24.0M | 3.218% | Nov 2026 | 4.07x | 100% | With the special servicer |
| Seven Mile Crossing | Livonia, MI | Office | $15.9M | 3.86% | Nov 2026 | n/a | n/a | Current |
| Boulevard Apartments | Auburn Hills, MI | Multifamily | $13.0M | 4.66% | Dec 2026 | 4.40x | 100% | Current |
| 23 Mile Macomb Medical Campus | Macomb, MI | Office | $11.4M | 4.588% | Nov 2026 | n/a | n/a | Current |
| La Mirage Shopping Center | Southfield, MI | Retail | $2.8M | 4.87% | Nov 2026 | 2.53x | 100% | Current |
| Country Side Plaza | Clinton Township, MI | Retail | $1.1M | 5.29% | Dec 2026 | 2.13x | 89% | Current |
All loans maturing in 2026 · 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.