Retail · Troy, Michigan
Rochester Square Shopping Center
Rochester Square Shopping Center is financed with a $1.4M CMBS loan at 5.55% that reaches maturity on November 11, 2028, in 2 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $1,398,452
- Original balance (same notes)
- $1,500,000
- Interest rate
- 5.55% fixed
- Originated
- November 9, 2018
- Maturity
- November 11, 2028
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- August 10, 2028
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 3946-3978 Rochester Road, Troy, MI 48083
- Metro
- Detroit-Warren-Dearborn, MI
- Rentable area
- 19,036 sq ft
- Built
- 1985
- Largest tenants
- AMICIS INC; ANSARI DENTAL OF TROY PLLC; DOJO ZEN BEI MARTIAL ARTS LLC
- Value at securitization
- $2.6M (Aug 2018)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.40x | 3.15x |
| Occupancy | 97% | 100% |
| Net operating income | $246K | $324K |
| Debt yield | 23.2% |
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 Wells Fargo Commercial Mortgage Trust 2018-C48 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 97% when the loan was securitized to 100%.
- Net operating income is 31% above the underwritten figure ($324K a year against $246K).
- Debt service coverage moved from 2.40x at securitization to 3.15x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $1.4M | Current | No | 3.15x | 100% |
| August 2026 | $1.4M | Current | No | 3.15x | 100% |
| July 2026 | $1.4M | Current | No | 3.15x | 100% |
| June 2026 | $1.4M | Current | No | 3.15x | 100% |
| May 2026 | $1.4M | Current | No | 3.15x | 100% |
| April 2026 | $1.4M | Current | No | 3.25x | 100% |
| March 2026 | $1.4M | Current | No | 3.25x | 100% |
| February 2026 | $1.4M | Current | No | 3.25x | 100% |
| January 2026 | $1.4M | Current | No | 3.25x | 100% |
| December 2025 | $1.4M | Current | No | 3.25x | 100% |
| November 2025 | $1.4M | Current | No | 3.46x | 100% |
| October 2025 | $1.4M | Current | No | 3.46x | 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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2018-C48 | 52 | $1,398,452 | Sep 2026 | SEC filing, September 29, 2026 |
Other Detroit-Warren-Dearborn loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Twelve Oaks Mall | Novi, MI | Retail | $170.2M | 4.399% | Mar 2028 | 2.43x | 86% | Current |
| Romulus - Huron | Romulus, MI | Industrial | $127.8M | 7.35% | May 2028 | 1.37x | 69% | Current |
| Penske Distribution Center | Romulus, MI | Industrial | $70.0M | 4.63% | Dec 2028 | 2.59x | 100% | Current |
| Brasswater Warehouse Portfolio | Warren, MI | Office | $65.5M | 7.25% | Jul 2028 | n/a | n/a | Current |
| Troy Place | Troy, MI | Office | $40.0M | 5.09% | Dec 2028 | 2.38x | 65% | Current |
| Kohl's Shelby Property | Shelby Township, MI | Retail | $38.1M | 3.09% | Sep 2028 | n/a | n/a | Current |
| Travelers Tower I | Southfield, MI | Office | $33.0M | 4.82% | Jul 2028 | 2.12x | 75% | Current |
| One Kennedy Square | Detroit, MI | Office | $33.0M | 4.60% | Feb 2028 | 1.93x | 88% | Current |
All loans maturing in 2028 · 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.