Industrial · Shelby Township, Michigan
SAPA Transmission
SAPA Transmission is financed with a $8.7M CMBS loan at 5.44% that reaches maturity on February 1, 2027, in 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $8,740,402
- Original balance (same notes)
- $9,350,000
- Interest rate
- 5.44%
- Originated
- n/a
- Maturity
- February 1, 2027
- Payments
- Amortizing over 30 years
- Master servicer
- KeyBank Real Estate Capital
- Originator
- K
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 51901 Shelby Pkwy, Shelby Township, MI 48315
- Metro
- Detroit-Warren-Dearborn, MI
- Rentable area
- 110,833 sq ft
- Built
- 2019
- Largest tenants
- SAPA Transmission
- Value at securitization
- $15.3M (Dec 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.52x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | n/a | $972K |
| Debt yield | 11.1% |
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 BMO 2022-C1 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.7M | Not reported | No | 1.52x | 100% |
| August 2026 | $8.8M | Not reported | No | 1.54x | 100% |
| July 2026 | $8.8M | Not reported | No | 1.54x | 100% |
| June 2026 | $8.8M | Not reported | No | 1.54x | 100% |
| May 2026 | $8.8M | Not reported | No | 1.54x | 100% |
| April 2026 | $8.8M | Not reported | No | 1.54x | 100% |
| March 2026 | $8.8M | Not reported | No | 1.54x | 100% |
| February 2026 | $8.8M | Not reported | No | 1.54x | 100% |
| January 2026 | $8.8M | Not reported | No | 1.54x | 100% |
| December 2025 | $8.9M | Not reported | No | 1.54x | 100% |
| November 2025 | $8.9M | Not reported | No | 1.54x | 100% |
| October 2025 | $8.9M | Not reported | No | 1.54x | 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 |
|---|---|---|---|---|
| BMO 2022-C1 Mortgage Trust | 40 | $8,740,402 | Sep 2026 | SEC filing, October 2, 2026 |
Other Detroit-Warren-Dearborn loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One Ally Center | Detroit, MI | Office | $102.0M | 4.516% | Dec 2027 | 4.54x | 89% | Current |
| The Townsend Hotel | Birmingham, MI | Hotel | $35.0M | 4.17% | Oct 2027 | 2.13x | 69% | Current |
| Bank of America Plaza | Troy, MI | Office | $33.7M | 4.055% | May 2027 | 1.33x | 60% | Current |
| 150 West Jefferson, Detroit (2027 maturity), loan 6 in Morgan Stanley Capital I Trust 2017-HR2 | Detroit, MI | Office | $32.9M | 4.603% | Dec 2027 | 3.89x | 84% | Current |
| 150 West Jefferson, Detroit (2027 maturity), loan 8 in Wells Fargo Commercial Mortgage Trust 2017-C42 | Detroit, MI | Office | $30.5M | 4.603% | Dec 2027 | 3.89x | 84% | Current |
| Bingham Office Center | Bingham Farms, MI | Office | $26.1M | 4.254% | May 2027 | n/a | n/a | Current |
| Lormax Stern Retail Development - Roseville | Roseville, MI | Retail | $25.4M | 5.274% | Jun 2027 | 1.98x | 93% | Current |
| Long Lake Crossing | Troy, MI | Office | $21.0M | 6.11% | Mar 2027 | 1.07x | 79% | With the special servicer and 90+ days delinquent |
All loans maturing in 2027 · 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.