Multifamily portfolio, 2 properties · Monroe, Michigan
Oak Forest Apartments
This portfolio is financed with a $13.6M CMBS loan at 5.164% that reaches maturity on May 6, 2027, in 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $13,603,567
- Original balance (same notes)
- $15,000,000
- Interest rate
- 5.164% fixed
- Originated
- April 25, 2017
- Maturity
- May 6, 2027
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- February 5, 2027
- Master servicer
- Midland
- Originator
- JLC
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred August 13, 2026
- Workout strategy
- Other
- Defeasance
- None reported
The property
- Address
- 300 Twin Oaks Drive, Monroe, MI 48162
- Value at securitization
- $20.5M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $1.3M | n/a |
Watch flags
Computed from the COMM 2017-COR2 Mortgage Trust filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Matures within 12 months
On the cmbs.news watch list in every report since August 2026.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Oak Forest Apartments | Monroe, MI | Multifamily | n/a | n/a |
| Oakwood Townhomes | Toledo, OH | Multifamily | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $13.6M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $13.6M | 60-89 days delinquent | No | n/a | n/a |
| July 2026 | $13.6M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| June 2026 | $13.6M | 30-59 days delinquent | No | n/a | n/a |
| May 2026 | $13.6M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| April 2026 | $13.7M | 30-59 days delinquent | No | 1.27x | 78% |
| March 2026 | $13.7M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| February 2026 | $13.7M | Payment not received but still in grace period or not yet due | No | n/a | n/a |
| January 2026 | $13.7M | Payment not received but still in grace period or not yet due | No | n/a | n/a |
| December 2025 | $13.7M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| November 2025 | $13.8M | Payment not received but still in grace period or not yet due | No | n/a | n/a |
| October 2025 | $13.8M | 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.
Special-servicing history
- Transferred to the special servicer August 13, 2026, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| COMM 2017-COR2 Mortgage Trust | 20 | $13,603,567 | Sep 2026 | SEC filing, September 25, 2026 |
Other Michigan loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Hampton Inn Monroe | Monroe, MI | Hotel | $5.9M | 5.63% | Feb 2027 | 1.68x | 57% | Current |
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.