Retail · Roseville, Michigan
Lormax Stern Retail Development - Roseville
Public CMBS trusts hold $25.4M of the loan on Lormax Stern Retail Development - Roseville at 5.274% that reaches maturity on June 6, 2027, in 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $25,371,048
- Original balance (same notes)
- $30,000,000
- Interest rate
- 5.274% fixed
- Originated
- May 16, 2017
- Maturity
- June 6, 2027
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- December 5, 2026
- Master servicer
- Trimont LLC
- Originator
- UBSAG
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 32233 Gratiot Avenue, Roseville, MI 48066
- Metro
- Detroit-Warren-Dearborn, MI
- Rentable area
- 410,354 sq ft
- Built
- 1964, renovated 2015
- Largest tenants
- Kohl's Deparment Stores Inc.; Dick's Sporting Goods; Michael Store's Inc.
- Value at securitization
- $62.2M (Feb 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.14x | 1.98x |
| Occupancy | 89% | 93% |
| Net operating income (annualized from 6 months) | $4.3M | $4.0M |
| Debt yield | 15.7% |
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 2017-C38 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Matures within 12 months
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 89% when the loan was securitized to 93%.
- Net operating income is 7% below the underwritten figure ($4.0M a year against $4.3M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.14x at securitization to 1.98x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $25.4M | Current | No | 1.98x | 93% |
| August 2026 | $25.4M | Current | No | 1.98x | 93% |
| July 2026 | $25.5M | Current | No | 1.98x | 93% |
| June 2026 | $25.5M | Current | No | 1.98x | 93% |
| May 2026 | $25.6M | Current | No | 2.14x | 93% |
| April 2026 | $25.6M | Current | No | 2.11x | 93% |
| March 2026 | $25.7M | Current | No | 2.11x | 93% |
| February 2026 | $25.7M | Current | No | 2.11x | 93% |
| January 2026 | $25.8M | Current | No | 2.11x | 93% |
| December 2025 | $25.8M | Current | No | 2.11x | 93% |
| November 2025 | $25.9M | Current | No | 2.05x | 93% |
| October 2025 | $25.9M | Current | No | 2.05x | 93% |
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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| UBS Commercial Mortgage Trust 2017-C1 | 23 | $15,222,630 | Sep 2026 | SEC filing, September 28, 2026 |
| Wells Fargo Commercial Mortgage Trust 2017-C38 | 30 | $10,148,419 | Sep 2026 | SEC filing, September 29, 2026 |
Other Detroit-Warren-Dearborn loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One Ally Center | Detroit, MI | Office | $102.0M | 4.516% | Dec 2027 | 4.54x | 89% | Current |
| The Townsend Hotel | Birmingham, MI | Hotel | $35.0M | 4.17% | Oct 2027 | 2.13x | 69% | Current |
| Bank of America Plaza | Troy, MI | Office | $33.7M | 4.055% | May 2027 | 1.33x | 60% | Current |
| 150 West Jefferson, Detroit (2027 maturity), loan 6 in Morgan Stanley Capital I Trust 2017-HR2 | Detroit, MI | Office | $32.9M | 4.603% | Dec 2027 | 3.89x | 84% | Current |
| 150 West Jefferson, Detroit (2027 maturity), loan 8 in Wells Fargo Commercial Mortgage Trust 2017-C42 | Detroit, MI | Office | $30.5M | 4.603% | Dec 2027 | 3.89x | 84% | Current |
| Bingham Office Center | Bingham Farms, MI | Office | $26.1M | 4.254% | May 2027 | n/a | n/a | Current |
| Long Lake Crossing | Troy, MI | Office | $21.0M | 6.11% | Mar 2027 | 1.07x | 79% | With the special servicer and 90+ days delinquent |
| Wilshire Plaza | Troy, MI | Office | $20.9M | 4.59% | Aug 2027 | 1.58x | 68% | Current |
All loans maturing in 2027 · 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.