Office · Detroit, Michigan
One Kennedy Square
One Kennedy Square is financed with a $33.0M CMBS loan at 4.60% that reaches maturity on February 11, 2028, in 15 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $32,952,124
- Original balance (same notes)
- $36,400,000
- Interest rate
- 4.60% fixed
- Originated
- January 19, 2018
- Maturity
- February 11, 2028
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- November 10, 2027
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 777 Woodward Avenue, Detroit, MI 48226
- Metro
- Detroit-Warren-Dearborn, MI
- Rentable area
- 246,304 sq ft
- Built
- 2005
- Largest tenants
- The Walbridge Group Inc.; Centene Management Co. LLC; Ernst and Young US
- Value at securitization
- $52.5M (Nov 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.84x | 1.93x |
| Occupancy | 100% | 88% |
| Net operating income (annualized from 6 months) | $4.1M | $4.4M |
| Debt yield | 13.2% |
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 BANK 2018-BNK10 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Occupancy down 10 points or more from securitization
- Largest tenant's lease ends 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 fallen from 100% when the loan was securitized to 88%.
- Net operating income is 6% above the underwritten figure ($4.4M a year against $4.1M; the latest statement covers 6 months, annualized).
- The filing gives Jul 2027 as the lease end date for the largest tenant (The Walbridge Group Inc.), before the loan matures. Lenders look hard at that rollover.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $33.0M | Current | No | 1.93x | 88% |
| August 2026 | $33.0M | Current | No | 1.75x | 91% |
| July 2026 | $33.1M | Current | No | 1.75x | 91% |
| June 2026 | $33.1M | Current | No | 1.75x | 91% |
| May 2026 | $33.2M | Current | No | 1.75x | 91% |
| April 2026 | $33.2M | Current | No | 1.75x | 91% |
| February 2026 | $33.4M | Current | No | 1.75x | 91% |
| January 2026 | $33.4M | Current | No | 1.77x | 91% |
| December 2025 | $33.5M | Current | No | 1.77x | 91% |
| November 2025 | $33.5M | Current | No | 1.77x | 91% |
| October 2025 | $33.6M | Current | No | 2.10x | 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 |
|---|---|---|---|---|
| BANK 2018-BNK10 | 11 | $32,952,124 | Sep 2026 | SEC filing, September 29, 2026 |
Other Detroit-Warren-Dearborn loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Twelve Oaks Mall | Novi, MI | Retail | $170.2M | 4.399% | Mar 2028 | 2.43x | 86% | Current |
| Romulus - Huron | Romulus, MI | Industrial | $127.8M | 7.35% | May 2028 | 1.37x | 69% | Current |
| Penske Distribution Center | Romulus, MI | Industrial | $70.0M | 4.63% | Dec 2028 | 2.59x | 100% | Current |
| Brasswater Warehouse Portfolio | Warren, MI | Office | $65.5M | 7.25% | Jul 2028 | n/a | n/a | Current |
| Troy Place | Troy, MI | Office | $40.0M | 5.09% | Dec 2028 | 2.38x | 65% | Current |
| Kohl's Shelby Property | Shelby Township, MI | Retail | $38.1M | 3.09% | Sep 2028 | n/a | n/a | Current |
| Travelers Tower I | Southfield, MI | Office | $33.0M | 4.82% | Jul 2028 | 2.12x | 75% | Current |
| 46643 Ryan Court | Novi, MI | Industrial | $32.8M | 4.32% | Feb 2028 | n/a | n/a | Current |
All loans maturing in 2028 · 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.