Office · Troy, Michigan
PentaCentre Office
Public CMBS trusts hold $32.2M of the loan on PentaCentre Office at 5.32% that reaches maturity on June 6, 2032, in 5 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $32,210,166
- Original balance (same notes)
- $34,300,000
- Interest rate
- 5.32% fixed
- Originated
- June 2, 2022
- Maturity
- June 6, 2032
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- March 5, 2032
- Master servicer
- Midland
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 300, 320, 340 East Big Beaver Road 2800 Livernois Road, Troy, MI 48083
- Metro
- Detroit-Warren-Dearborn, MI
- Rentable area
- 734,156 sq ft
- Built
- 1986, renovated 2019
- Largest tenants
- Midland Credit Management, Inc.; One10 LLC; eMortgage Funding LLC
- Value at securitization
- $59.5M (Mar 2022)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.95x | 1.80x |
| Occupancy | 62% | 65% |
| Net operating income (annualized from 6 months) | $4.5M | $8.3M |
| Debt yield | 25.8% |
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 Benchmark 2022-B37 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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 62% when the loan was securitized to 65%.
- Net operating income is 86% above the underwritten figure ($8.3M a year against $4.5M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.95x at securitization to 1.80x on the latest statements.
- The filing gives Apr 2032 as the lease end date for the largest tenant (Midland Credit Management, Inc.), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $32.2M | Current | No | 1.80x | 65% |
| August 2026 | $32.3M | Current | No | 1.76x | 65% |
| July 2026 | $32.3M | Current | No | 1.76x | 65% |
| June 2026 | $32.3M | Current | No | n/a | n/a |
| May 2026 | $32.4M | Current | No | n/a | n/a |
| April 2026 | $32.4M | Current | No | 1.41x | 60% |
| March 2026 | $32.5M | Current | No | 1.41x | 60% |
| February 2026 | $32.5M | Current | No | 1.35x | 60% |
| January 2026 | $32.6M | Current | No | 1.35x | 59% |
| December 2025 | $32.6M | Current | No | 1.35x | 59% |
| November 2025 | $32.7M | Current | No | 1.35x | 59% |
| October 2025 | $32.7M | Current | No | 1.36x | 58% |
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 |
|---|---|---|---|---|
| BMO 2022-C2 Mortgage Trust | 12 | $19,063,159 | Sep 2026 | SEC filing, October 2, 2026 |
| Benchmark 2022-B37 Mortgage Trust | 19 | $13,147,006 | Sep 2026 | SEC filing, September 28, 2026 |
Other Detroit-Warren-Dearborn loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One Campus Martius | Detroit, MI | Office | $218.0M | 6.02% | Jul 2032 | 1.97x | 82% | Current |
| Midtown Square | Troy, MI | Retail | $76.9M | 4.00% | Mar 2032 | 1.94x | 99% | Current |
| Evergreen | Detroit, MI | Industrial | $59.9M | 5.51% | Aug 2032 | n/a | n/a | Current |
| Brighton Towne Square | Brighton, MI | Mixed use | $40.0M | 5.906% | Jun 2032 | 1.34x | 100% | Current |
| Lakes Medical Center | West Bloomfield, MI | Office | $27.0M | 5.99% | Sep 2032 | 1.78x | 92% | Current |
| Hall Road Crossing | Shelby Township, MI | Retail | $26.4M | 4.12% | Mar 2032 | 1.70x | 100% | Current |
| Woodlands Officentre | Farmington Hills, MI | Office | $14.7M | 7.21% | Nov 2032 | 1.89x | 99% | Current |
| Heritage Village Shopping Center | Warren, MI | Retail | $13.3M | 3.60% | Mar 2032 | 3.18x | 95% | 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.