Retail · Saline, Michigan
Saline Shopping Center
Saline Shopping Center is financed with a $3.0M CMBS loan at 4.55% that reaches maturity on August 11, 2027, in 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,042,457
- Original balance (same notes)
- $4,600,000
- Interest rate
- 4.55% fixed
- Originated
- August 11, 2017
- Maturity
- August 11, 2027
- Payments
- Amortizing over 20 years
- Prepayment lockout ends
- May 10, 2027
- 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
- 501 East Michigan Avenue, Saline, MI 48176
- Metro
- Ann Arbor, MI
- Rentable area
- 83,906 sq ft
- Built
- 1984, renovated 2003
- Largest tenants
- Busch's Inc; LITTLE GREEN APPLE HALLMA; Play It Again Sports
- Value at securitization
- $8.3M (May 2017)
Performance
| At securitization | Latest (Jul 2026) | |
|---|---|---|
| DSCR (NOI) | 1.81x | 1.90x |
| Occupancy | 93% | 100% |
| Net operating income (annualized from 6 months) | $634K | $760K |
| Debt yield | 25.0% |
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 BANK 2017-BNK7 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Matures within 12 months
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 93% when the loan was securitized to 100%.
- Net operating income is 20% above the underwritten figure ($760K a year against $634K; the latest statement covers 6 months, annualized).
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.0M | Current | No | 1.90x | 100% |
| August 2026 | $3.1M | Current | No | 1.90x | 100% |
| July 2026 | $3.1M | Current | No | 2.17x | 100% |
| June 2026 | $3.1M | Current | No | 2.17x | 100% |
| May 2026 | $3.1M | Current | No | 1.69x | 96% |
| April 2026 | $3.1M | Current | No | 1.69x | 96% |
| March 2026 | $3.1M | Current | No | 1.69x | 96% |
| February 2026 | $3.2M | Current | No | 1.69x | 96% |
| January 2026 | $3.2M | Current | No | 1.80x | 96% |
| December 2025 | $3.2M | Current | No | 1.80x | 96% |
| November 2025 | $3.2M | Current | No | 1.80x | 96% |
| October 2025 | $3.2M | Current | No | 1.79x | 96% |
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 |
|---|---|---|---|---|
| BANK 2017-BNK7 | 48 | $3,042,457 | Sep 2026 | SEC filing, September 29, 2026 |
Other Ann Arbor loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Spicetree Apartments | Ann Arbor, MI | Multifamily | $39.6M | 4.315% | Dec 2027 | 2.18x | 90% | Current |
| Carleton | Ann Arbor, MI | Multifamily | $33.1M | 5.01% | Jun 2027 | n/a | n/a | Current |
| Walgreens - Ann Arbor | Ann Arbor, MI | Retail | $5.9M | 4.816% | Apr 2027 | n/a | n/a | Current |
| Arbor Landing Shopping Center | Ann Arbor, MI | Retail | $1.6M | 4.88% | Nov 2027 | 1.58x | 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.