Mixed use · Williamsburg, Michigan
Oak Shore Commerce Park
Oak Shore Commerce Park is financed with a $6.7M CMBS loan at 7.36% that reaches maturity on February 6, 2031, in 4 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $6,650,000
- Original balance (same notes)
- $6,650,000
- Interest rate
- 7.36% fixed
- Originated
- January 27, 2026
- Maturity
- February 6, 2031
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- August 5, 2030
- Master servicer
- Trimont LLC
- Originator
- NREC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 6455 U.s. 31 North, Williamsburg, MI 49690
- Rentable area
- 85,071 sq ft
- Built
- 1986, renovated 2024
- Largest tenants
- FLEX SELF-STORAGE; PICKLE-U LLC; TRULY FREE INC
- Value at securitization
- $11.5M (Dec 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.37x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $755K | n/a |
Watch flags
Computed from the Wells Fargo Commercial Mortgage Trust 2026-5C9 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
The last 5 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.7M | Current | No | n/a | n/a |
| August 2026 | $6.7M | Current | No | n/a | n/a |
| July 2026 | $6.7M | Current | No | n/a | n/a |
| June 2026 | $6.7M | Current | No | n/a | n/a |
| May 2026 | $6.7M | Current | No | 1.94x | 100% |
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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2026-5C9 | 24 | $6,650,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Michigan loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 2314-2418 Sybrandt Road | Traverse City, MI | Industrial | $63.1M | 3.855% | 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.