Hotel · Ann Arbor, Michigan
Staybridge Suites - Ann Arbor, Mi
Staybridge Suites - Ann Arbor, Mi is financed with a $13.8M CMBS loan at 7.42% that reaches maturity on October 1, 2034, in 7 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $13,770,469
- Original balance (same notes)
- $14,000,000
- Interest rate
- 7.42% fixed
- Originated
- September 3, 2024
- Maturity
- October 1, 2034
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- June 30, 2034
- Master servicer
- Midland Loan Services
- Originator
- BANA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 3850 Research Park Drive, Ann Arbor, MI 48108
- Metro
- Ann Arbor, MI
- Units, rooms or beds
- 130
- Built
- 2017
- Value at securitization
- $19.8M (Jun 2024)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.56x | 1.71x |
| Occupancy | 62% | 73% |
| Net operating income | $1.8M | $2.0M |
| Debt yield | 14.5% |
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 2024-BNK48 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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 73%.
- Net operating income is 10% above the underwritten figure ($2.0M a year against $1.8M).
- Debt service coverage moved from 1.56x at securitization to 1.71x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $13.8M | Current | No | 1.71x | 73% |
| August 2026 | $13.8M | Current | No | 1.71x | 73% |
| July 2026 | $13.8M | Current | No | 1.71x | 73% |
| June 2026 | $13.8M | Current | No | 1.71x | 73% |
| May 2026 | $13.8M | Current | No | 1.71x | 73% |
| April 2026 | $13.8M | Current | No | 1.71x | 73% |
| March 2026 | $13.8M | Current | No | n/a | n/a |
| February 2026 | $13.8M | Current | No | n/a | n/a |
| January 2026 | $13.9M | Current | No | n/a | n/a |
| December 2025 | $13.9M | Current | No | n/a | n/a |
| November 2025 | $13.9M | Current | No | n/a | n/a |
| October 2025 | $13.9M | Current | No | n/a | n/a |
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 2024-BNK48 | 23 | $13,770,469 | Sep 2026 | SEC filing, October 1, 2026 |
Other Ann Arbor loans due in 2034
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Burlington Center | Ann Arbor, MI | Office | $15.0M | 7.10% | Apr 2034 | 1.94x | 85% | Current |
| Pollys Country Market | Chelsea, MI | Retail | $4.9M | 7.425% | Mar 2034 | 1.54x | 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.