Mixed use · Detroit, Michigan
Peterboro Office & Retail
Peterboro Office & Retail is financed with a $6.3M CMBS loan at 7.555% that reaches maturity on June 6, 2033, in 6 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
- $6,317,304
- Original balance (same notes)
- $6,500,000
- Interest rate
- 7.555% fixed
- Originated
- June 2, 2023
- Maturity
- June 6, 2033
- Payments
- Amortizing over 30 years
- Master servicer
- KeyBank Real Estate Capital
- Originator
- AREF2
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 10 Peterboro St Unit 2 &, Detroit, MI 48201
- Metro
- Detroit-Warren-Dearborn, MI
- Rentable area
- 51,748 sq ft
- Built
- 1921
- Largest tenants
- Central City Health; CENTRAL CITY HEALTH; PHARMOR PHARMACY
- Value at securitization
- $11.8M (Apr 2023)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.49x |
| Occupancy | 100% | 100% |
| Net operating income | n/a | $818K |
| Debt yield | 13.0% |
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 2023-C20 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 | $6.3M | Not reported | No | 1.49x | 100% |
| August 2026 | $6.3M | Not reported | No | 1.49x | 100% |
| July 2026 | $6.3M | Not reported | No | 1.49x | 100% |
| June 2026 | $6.3M | Not reported | No | 1.49x | 100% |
| May 2026 | $6.3M | Not reported | No | 1.49x | 100% |
| April 2026 | $6.3M | Not reported | No | 1.46x | 100% |
| March 2026 | $6.3M | Not reported | No | 1.46x | 100% |
| February 2026 | $6.4M | Late payment but less than 30 days delinquent | No | 1.46x | 100% |
| January 2026 | $6.4M | Not reported | No | 1.46x | 100% |
| December 2025 | $6.4M | Not reported | No | 1.52x | 100% |
| November 2025 | $6.4M | Not reported | No | 1.52x | 100% |
| October 2025 | $6.4M | Not reported | No | 1.52x | 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 |
|---|---|---|---|---|
| BBCMS 2023-C20 | 26 | $6,317,304 | Sep 2026 | SEC filing, September 29, 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 |
| Park at Trowbridge | Southfield, MI | Multifamily | $28.8M | 7.28% | Nov 2033 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 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 |
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.