Office · Detroit, Michigan
Talon Centre
Talon Centre is financed with a $3.3M CMBS loan at 4.34% that reaches maturity on December 11, 2027, in 13 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,333,864
- Original balance (same notes)
- $4,000,000
- Interest rate
- 4.34% fixed
- Originated
- December 8, 2017
- Maturity
- December 11, 2027
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- September 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
- 100 River Place Drive, Detroit, MI 48207
- Metro
- Detroit-Warren-Dearborn, MI
- Rentable area
- 68,249 sq ft
- Built
- 1937, renovated 1992
- Largest tenants
- Skillman Foundation; MMSDC; Advantage Health Center
- Value at securitization
- $6.6M (Oct 2017)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.25x | 0.86x |
| Occupancy | 92% | 62% |
| Net operating income | $537K | $205K |
| Debt yield | 6.2% |
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 BANK 2018-BNK10 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in every report since June 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
- Occupancy has fallen from 92% when the loan was securitized to 62%.
- Net operating income is 62% below the underwritten figure ($205K a year against $537K).
- Debt service coverage moved from 2.25x at securitization to 0.86x on the latest statements.
- At 0.86x, the property's reported NOI does not cover its debt service.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.3M | Current | No | 0.86x | 62% |
| August 2026 | $3.3M | Current | No | 0.86x | 62% |
| July 2026 | $3.3M | Current | No | 0.86x | 62% |
| June 2026 | $3.4M | Current | No | 0.86x | 62% |
| May 2026 | $3.4M | Current | No | 1.48x | 62% |
| April 2026 | $3.4M | Current | No | 1.48x | 62% |
| February 2026 | $3.4M | Current | No | 1.48x | 62% |
| January 2026 | $3.4M | Current | No | 1.48x | 62% |
| December 2025 | $3.4M | Current | No | 1.81x | 66% |
| November 2025 | $3.4M | Current | No | 1.81x | 66% |
| October 2025 | $3.4M | Current | No | 1.81x | 66% |
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 2018-BNK10 | 53 | $3,333,864 | Sep 2026 | SEC filing, September 29, 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.