Retail · Battle Creek, Michigan
Minges Brook Mall
Minges Brook Mall is financed with a $5.4M CMBS loan at 4.36% that reaches maturity on September 6, 2027, in 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,358,921
- Original balance (same notes)
- $5,750,000
- Interest rate
- 4.36% fixed
- Originated
- August 22, 2017
- Maturity
- September 6, 2027
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- April 5, 2027
- Originator
- CCRE
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 5568, 5570, 5700 Beckley Road, Battle Creek, MI 49015
- Rentable area
- 270,980 sq ft
- Built
- 1989, renovated 1998
- Largest tenants
- Target stores ( Non collateral 101909); 5700 Creek -Felpausch Successor(Non collateral 48234 ); ABC Warehouse (Non collateral 35000)
- Value at securitization
- $11.7M (Jun 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.10x | 1.93x |
| Occupancy | 86% | 95% |
| Net operating income (annualized from 6 months) | $787K | $1.3M |
| Debt yield | 25.0% |
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 CCUBS Commercial Mortgage Trust 2017-C1 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Coverage down 0.25x or more from securitization
- 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 86% when the loan was securitized to 95%.
- Net operating income is 70% above the underwritten figure ($1.3M a year against $787K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 3.10x at securitization to 1.93x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.4M | Current | No | 1.93x | 95% |
| August 2026 | $5.4M | Current | No | 1.93x | 95% |
| July 2026 | $5.4M | Current | No | n/a | n/a |
| June 2026 | $5.4M | Current | No | n/a | n/a |
| May 2026 | $5.4M | Current | No | n/a | n/a |
| April 2026 | $5.4M | Current | No | 2.25x | 95% |
| March 2026 | $5.4M | Current | No | 2.25x | 95% |
| February 2026 | $5.4M | Current | No | 2.25x | n/a |
| January 2026 | $5.4M | Current | No | 2.20x | 97% |
| December 2025 | $5.4M | Current | No | 2.20x | 97% |
| November 2025 | $5.4M | Current | No | 2.20x | 97% |
| October 2025 | $5.5M | Current | No | 1.91x | 86% |
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 |
|---|---|---|---|---|
| CCUBS Commercial Mortgage Trust 2017-C1 | 29 | $5,358,921 | Sep 2026 | SEC filing, September 28, 2026 |
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.