Retail · Commerce Township, Michigan
The Shops at Commerce Village
The Shops at Commerce Village is financed with a $1.9M CMBS loan at 4.65% that reaches maturity on September 11, 2027, in 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $1,879,904
- Original balance (same notes)
- $2,250,000
- Interest rate
- 4.65% fixed
- Originated
- September 8, 2017
- Maturity
- September 11, 2027
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- June 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
- 2220 Union Lake Road, Commerce Township, MI 48382
- Metro
- Detroit-Warren-Dearborn, MI
- Rentable area
- 14,742 sq ft
- Built
- 2005
- Largest tenants
- Wilson's Pub; Go Wireless; BIGGBY COFFEE
- Value at securitization
- $3.0M (Aug 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.60x | 1.49x |
| Occupancy | 96% | 100% |
| Net operating income (annualized from 6 months) | $222K | $209K |
| 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 BANK 2017-BNK8 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Matures within 12 months
- Largest tenant's lease ends 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 96% when the loan was securitized to 100%.
- Net operating income is 6% below the underwritten figure ($209K a year against $222K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.60x at securitization to 1.49x on the latest statements.
- The filing gives Apr 2027 as the lease end date for the largest tenant (Wilson's Pub), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $1.9M | Current | No | 1.49x | 100% |
| August 2026 | $1.9M | Current | No | 1.53x | 100% |
| July 2026 | $1.9M | Current | No | 1.53x | 100% |
| June 2026 | $1.9M | Current | No | 1.43x | 100% |
| May 2026 | $1.9M | Current | No | 1.43x | 100% |
| April 2026 | $1.9M | Current | No | 1.43x | 100% |
| March 2026 | $1.9M | Current | No | 1.43x | 100% |
| February 2026 | $1.9M | Current | No | 1.43x | 100% |
| January 2026 | $1.9M | Current | No | 1.43x | 100% |
| December 2025 | $1.9M | Current | No | 1.43x | 100% |
| November 2025 | $1.9M | Current | No | 1.51x | 100% |
| October 2025 | $1.9M | Current | No | 1.42x | 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 |
|---|---|---|---|---|
| BANK 2017-BNK8 | 49 | $1,879,904 | Sep 2026 | SEC filing, October 1, 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.