Multifamily · Taylor, Michigan
Park Place Apartments, Taylor
Park Place Apartments is financed with a $5.9M CMBS loan at 3.68% that reaches maturity on May 6, 2031, in 4 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,910,127
- Original balance (same notes)
- $6,600,000
- Interest rate
- 3.68%
- Originated
- n/a
- Maturity
- May 6, 2031
- Payments
- Amortizing over 30 years
- Master servicer
- KeyBank Real Estate Capital
- Originator
- SMC
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 15529 Plaza South Drive, Taylor, MI 48180
- Metro
- Detroit-Warren-Dearborn, MI
- Units, rooms or beds
- 104
- Built
- 1969, renovated 1997
- Value at securitization
- $10.3M (Mar 2021)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | n/a | 2.57x |
| Occupancy | 98% | 99% |
| Net operating income | n/a | $933K |
| Debt yield | 15.8% |
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 BBCMS Mortgage Trust 2021-C10 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 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.9M | Not reported | No | 2.57x | 99% |
| August 2026 | $5.9M | Not reported | No | 2.57x | 99% |
| July 2026 | $5.9M | Not reported | No | 2.57x | 99% |
| June 2026 | $5.9M | Not reported | No | 2.57x | 99% |
| May 2026 | $6.0M | Not reported | No | 2.57x | 99% |
| April 2026 | $6.0M | Not reported | No | 2.57x | 99% |
| March 2026 | $6.0M | Not reported | No | 2.50x | 98% |
| February 2026 | $6.0M | Not reported | No | 2.50x | 98% |
| January 2026 | $6.0M | Not reported | No | 2.50x | 98% |
| December 2025 | $6.0M | Not reported | No | 2.50x | 98% |
| November 2025 | $6.0M | Not reported | No | 2.45x | 98% |
| October 2025 | $6.0M | Not reported | No | 2.45x | 98% |
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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2021-C10 | 39 | $5,910,127 | Sep 2026 | SEC filing, September 29, 2026 |
Other Detroit-Warren-Dearborn loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Columbia Center | Troy, MI | Office | $55.0M | 6.845% | May 2031 | n/a | n/a | Current |
| Edge at Novi | Novi, MI | Multifamily | $50.0M | 5.86% | May 2031 | n/a | n/a | Current |
| Village of Rochester Hills | Rochester Hills, MI | Retail | $47.8M | 3.747% | May 2031 | 2.37x | 98% | Current |
| 325 North Woodward | MI | Mixed use | $38.0M | 7.19% | Aug 2031 | n/a | n/a | Current |
| Magna Seating Hq | Novi, MI | Office | $37.7M | 3.51% | Apr 2031 | 2.59x | 100% | Current |
| U-haul Moving & Storage Of Inkster | Inkster, MI | Self storage | $33.8M | 2.565% | Jul 2031 | n/a | n/a | Current |
| Chestnut Woods & Chestnut Crossing | Howell, MI | Multifamily | $33.0M | 5.66% | Aug 2031 | n/a | n/a | Current |
| The Kensley | Howell, MI | Multifamily | $27.3M | 6.13% | May 2031 | n/a | n/a | Current |
All loans maturing in 2031 · 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.