Multifamily · Southfield, Michigan
Park at Trowbridge
Park at Trowbridge is financed with a $28.8M CMBS loan at 7.28% that reaches maturity on November 6, 2033, in 7 years. 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
- $28,800,000
- Original balance (same notes)
- $33,000,000
- Interest rate
- 7.28% fixed
- Originated
- November 6, 2023
- Maturity
- November 6, 2033
- Payments
- Interest only for the full term
- Prepayment lockout ends
- July 5, 2033
- Master servicer
- Midland Loan Services
- Originator
- Bank of Montreal
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred June 14, 2024
- Workout strategy
- Foreclosure
- Defeasance
- None reported
The property
- Address
- 24111 Civic Center Dr, Southfield, MI 48033
- Metro
- Detroit-Warren-Dearborn, MI
- Units, rooms or beds
- 320
- Built
- 1988, renovated 2023
- Value at securitization
- $73.0M (Oct 2023)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.38x | n/a |
| Occupancy | 83% | n/a |
| Net operating income | $3.4M | n/a |
Watch flags
Computed from the BMO 2023-C7 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 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.
What the filing shows
- The most recent valuation in the filing is $56.0M (May 17, 2025), against $73.0M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $28.8M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $28.8M | 90+ days delinquent | Yes | n/a | n/a |
| July 2026 | $28.8M | 90+ days delinquent | Yes | n/a | n/a |
| June 2026 | $28.8M | 90+ days delinquent | Yes | n/a | n/a |
| May 2026 | $28.8M | 90+ days delinquent | Yes | n/a | n/a |
| April 2026 | $28.8M | 90+ days delinquent | Yes | n/a | n/a |
| March 2026 | $28.8M | 90+ days delinquent | Yes | n/a | n/a |
| February 2026 | $28.8M | 90+ days delinquent | Yes | n/a | n/a |
| January 2026 | $33.0M | 90+ days delinquent | Yes | n/a | n/a |
| December 2025 | $33.0M | 90+ days delinquent | Yes | n/a | n/a |
| November 2025 | $33.0M | 90+ days delinquent | Yes | n/a | n/a |
| October 2025 | $33.0M | 90+ days delinquent | Yes | 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 June 14, 2024, 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 |
|---|---|---|---|---|
| BMO 2023-C7 Mortgage Trust | 7 | $28,800,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Detroit-Warren-Dearborn loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Great Lakes Crossing Outlets | Auburn Hill, MI | Retail | $180.0M | 6.521% | Feb 2033 | 2.84x | 94% | Current |
| Utica Park Place | Utica, MI | Retail | $27.0M | 7.75% | Nov 2033 | 1.31x | 100% | Current |
| Dollar Walgreens Portfolio (Oak Park) | Oak Park, MI | Retail | $8.1M | 6.36% | Feb 2033 | n/a | n/a | Current |
| Peterboro Office & Retail | Detroit, MI | Mixed use | $6.3M | 7.555% | Jun 2033 | 1.49x | 100% | 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.