Office · West Allis, Wisconsin
Summit Place
Public CMBS trusts hold $35.5M of the loan on Summit Place at 4.89% that reaches maturity on December 6, 2026, in 1 month. As of the Oct 2026 servicer report its status is with the special servicer.
The loan
- Balance in tracked trusts
- $35,456,780
- Original balance (same notes)
- $40,000,000
- Interest rate
- 4.89% fixed
- Originated
- December 1, 2016
- Maturity
- December 6, 2026
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ended
- March 5, 2019
- Prepayment premium ends
- September 5, 2026
- Master servicer
- Midland
- Originator
- DBNY
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred April 6, 2026
- Workout strategy
- Foreclosure
- Defeasance
- None reported
The property
- Address
- 6737 and 6750 W. Washington Street, West Allis, WI 53214
- Metro
- Milwaukee-Waukesha, WI
- Rentable area
- 672,957 sq ft
- Built
- 1905, renovated 2003
- Largest tenants
- Mead & Hunt; Children's Hospital and Health System, Inc.; Steele Solutions
- Value at securitization
- $99.0M (Oct 2016)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.96x | n/a |
| Occupancy | 99% | n/a |
| Net operating income | $7.0M | n/a |
Watch flags
Computed from the CD 2017-CD3 Mortgage Trust filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 2026.
- With the special servicer
- Matures within 12 months
On the cmbs.news watch list in every report since May 2026.
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
- The most recent valuation in the filing is $53.7M (June 8, 2026), against $99.0M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $35.5M | Current | Yes | n/a | n/a |
| September 2026 | $35.5M | Current | Yes | n/a | n/a |
| August 2026 | $35.6M | Payment not received but still in grace period or not yet due | Yes | n/a | n/a |
| July 2026 | $35.7M | Payment not received but still in grace period or not yet due | Yes | n/a | n/a |
| June 2026 | $35.7M | Current | Yes | n/a | n/a |
| May 2026 | $35.8M | Payment not received but still in grace period or not yet due | Yes | n/a | n/a |
| April 2026 | $35.8M | Current | No | 1.09x | 71% |
| March 2026 | $35.9M | Current | No | 1.09x | 71% |
| February 2026 | $36.0M | Current | No | 1.09x | 71% |
| January 2026 | $36.0M | Current | No | 1.09x | 71% |
| December 2025 | $36.1M | Current | No | 1.00x | 71% |
| November 2025 | $36.2M | Payment not received but still in grace period or not yet due | No | 1.00x | 71% |
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.
Special-servicing history
- Transferred to the special servicer April 6, 2026, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CD 2017-CD3 Mortgage Trust | 12 | $35,456,780 | Oct 2026 | SEC filing, October 22, 2026 |
Other Milwaukee-Waukesha loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Walgreens - Wauwatosa, WI | Wauwatosa, WI | Retail | $35.0M | 4.593% | Dec 2026 | n/a | n/a | Current |
| Summit Place Wisconsin | West Allis, WI | Office | $28.4M | 4.89% | Dec 2026 | 1.09x | 71% | With the special servicer |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.