Retail · Farmington, Michigan
Orchard 12 Plaza
Orchard 12 Plaza is financed with a $8.2M CMBS loan at 4.92% that reaches maturity on December 5, 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
- $8,180,314
- Original balance (same notes)
- $9,000,000
- Interest rate
- 4.92% fixed
- Originated
- November 13, 2017
- Maturity
- December 5, 2027
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- August 4, 2027
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 27841-27909 Orchard Lake Road, Farmington, MI 48334
- Metro
- Detroit-Warren-Dearborn, MI
- Rentable area
- 61,409 sq ft
- Built
- 1980, renovated 2015
- Largest tenants
- Craft Breww City; B. In Action LLC; Scramblers of MI
- Value at securitization
- $13.4M (Sep 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.54x | 2.10x |
| Occupancy | 86% | 93% |
| Net operating income (annualized from 6 months) | $887K | $1.2M |
| Debt yield | 14.8% |
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 2017-BNK9 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.
What the filing shows
- Occupancy has risen from 86% when the loan was securitized to 93%.
- Net operating income is 37% above the underwritten figure ($1.2M a year against $887K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.54x at securitization to 2.10x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.2M | Current | No | 2.10x | 93% |
| August 2026 | $8.2M | Current | No | 2.10x | 93% |
| July 2026 | $8.2M | Current | No | 1.76x | 87% |
| June 2026 | $8.2M | Current | No | 1.76x | 87% |
| May 2026 | $8.2M | Current | No | 1.76x | 87% |
| April 2026 | $8.2M | Current | No | 1.76x | 87% |
| March 2026 | $8.3M | Current | No | 1.76x | 87% |
| February 2026 | $8.3M | Current | No | 1.76x | 87% |
| January 2026 | $8.3M | Current | No | 1.81x | 85% |
| December 2025 | $8.3M | Current | No | 1.81x | 85% |
| November 2025 | $8.3M | Current | No | 1.81x | 85% |
| October 2025 | $8.3M | Current | No | 1.75x | 88% |
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 2017-BNK9 | 31 | $8,180,314 | Sep 2026 | SEC filing, September 29, 2026 |
Other Detroit-Warren-Dearborn loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One Ally Center | Detroit, MI | Office | $102.0M | 4.516% | Dec 2027 | 4.54x | 89% | Current |
| 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 |
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.