Office · Detroit, Michigan
One Ally Center
Public CMBS trusts hold $102.0M of the loan on One Ally Center at 4.516% that reaches maturity on December 6, 2027, in 13 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $102,000,000
- Original balance (same notes)
- $102,000,000
- Interest rate
- 4.516% fixed
- Originated
- November 20, 2017
- Maturity
- December 6, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ends
- September 5, 2027
- Master servicer
- Trimont LLC
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 500 Woodward Avenue, Detroit, MI 48226
- Metro
- Detroit-Warren-Dearborn, MI
- Rentable area
- 976,095 sq ft
- Built
- 1992
- Largest tenants
- ALLY FINANCIAL INC; PricewaterhouseCoopers LLP; Dickinson Wright PLLC
- Value at securitization
- $185.0M (Oct 2017)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.75x | 4.54x |
| Occupancy | 94% | 89% |
| Net operating income (annualized from 3 months) | $12.8M | $14.5M |
| Debt yield | 14.3% |
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 Morgan Stanley Capital I Trust 2017-HR2 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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.
What the filing shows
- Occupancy has fallen from 94% when the loan was securitized to 89%.
- Net operating income is 13% above the underwritten figure ($14.5M a year against $12.8M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.75x at securitization to 4.54x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $102.0M | Current | No | 4.54x | 89% |
| August 2026 | $102.0M | Current | No | 4.54x | 89% |
| July 2026 | $102.0M | Current | No | 4.31x | 88% |
| June 2026 | $102.0M | Current | No | 4.31x | 88% |
| May 2026 | $102.0M | Current | No | 4.31x | 88% |
| April 2026 | $102.0M | Current | No | 4.20x | 87% |
| March 2026 | $102.0M | Current | No | 4.20x | 87% |
| February 2026 | $102.0M | Current | No | 4.20x | 87% |
| January 2026 | $102.0M | Current | No | 3.63x | 85% |
| December 2025 | $102.0M | Current | No | 3.63x | 85% |
| November 2025 | $102.0M | Current | No | 3.63x | 85% |
| October 2025 | $102.0M | Current | No | 3.63x | 85% |
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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2017-C42 | 1 | $70,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Morgan Stanley Capital I Trust 2017-HR2 | 8 | $32,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Detroit-Warren-Dearborn loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 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 |
| Lormax Stern Retail Development - Roseville | Roseville, MI | Retail | $25.4M | 5.274% | Jun 2027 | 1.98x | 93% | 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.