Hotel · Ypsilanti, Michigan
Marriott Ann Arbor Ypsilanti
Marriott Ann Arbor Ypsilanti is financed with a $27.5M CMBS loan at 7.055% that reaches maturity on January 6, 2031, in 4 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $27,500,000
- Original balance (same notes)
- $27,500,000
- Interest rate
- 7.055% fixed
- Originated
- December 9, 2025
- Maturity
- January 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- July 5, 2030
- Master servicer
- Midland Loan Services
- Originator
- BSPRT CMBS Finance, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1275 South Huron Street, Ypsilanti, MI 48197
- Metro
- Ann Arbor, MI
- Units, rooms or beds
- 243
- Built
- 1989, renovated 2023
- Value at securitization
- $54.0M (Sep 2026)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.01x | 1.25x |
| Occupancy | 62% | 60% |
| Net operating income | $4.0M | $2.5M |
| Debt yield | 9.0% |
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 BMO 2025-5C13 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
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 38% below the underwritten figure ($2.5M a year against $4.0M).
- Debt service coverage moved from 2.01x at securitization to 1.25x on the latest statements.
The last 10 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $27.5M | Current | No | 1.25x | 60% |
| August 2026 | $27.5M | Current | No | 1.25x | 60% |
| July 2026 | $27.5M | Current | No | n/a | n/a |
| June 2026 | $27.5M | Current | No | n/a | n/a |
| May 2026 | $27.5M | Current | No | n/a | n/a |
| April 2026 | $27.5M | Current | No | n/a | n/a |
| March 2026 | $27.5M | Current | No | n/a | n/a |
| February 2026 | $27.5M | Current | No | n/a | n/a |
| January 2026 | $27.5M | Current | No | n/a | n/a |
| December 2025 | $27.5M | Payment not received but still in grace period or not yet due | No | n/a | n/a |
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 |
|---|---|---|---|---|
| BMO 2025-5C13 Mortgage Trust | 9 | $27,500,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Ann Arbor loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Redwood Ypsilanti | Ypsilanti, MI | Multifamily | $26.0M | 4.075% | Mar 2031 | 1.96x | 94% | Current |
| 1320 South University Avenue | Ann Arbor, MI | Multifamily | $7.0M | 3.65% | Dec 2031 | n/a | n/a | 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.