Hotel · Birmingham, Michigan
The Townsend Hotel
The Townsend Hotel is financed with a $35.0M CMBS loan at 4.17% that reaches maturity on October 1, 2027, in 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
- $35,000,000
- Original balance (same notes)
- $35,000,000
- Interest rate
- 4.17% fixed
- Originated
- September 15, 2017
- Maturity
- October 1, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ends
- June 30, 2027
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred June 17, 2020, returned January 28, 2021
- Workout strategy
- Resolved
- Modified
- Yes, most recently December 15, 2020
- Defeasance
- None reported
The property
- Address
- 100 Townsend Street, Birmingham, MI 48009
- Metro
- Detroit-Warren-Dearborn, MI
- Units, rooms or beds
- 150
- Built
- 1986, renovated 2016
- Value at securitization
- $67.9M (Aug 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 4.19x | 2.13x |
| Occupancy | 76% | 69% |
| Net operating income | $6.2M | $3.1M |
| Debt yield | 9.0% |
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 Morgan Stanley Bank of America Merrill Lynch Trust 2017-C34 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
- Modified
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 76% when the loan was securitized to 69%.
- Net operating income is 49% below the underwritten figure ($3.1M a year against $6.2M).
- Debt service coverage moved from 4.19x at securitization to 2.13x on the latest statements.
- The most recent valuation in the filing is $39.4M (August 27, 2020), against $67.9M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $35.0M | Current | No | 2.13x | 69% |
| August 2026 | $35.0M | Current | No | 2.13x | 69% |
| July 2026 | $35.0M | Current | No | 2.48x | 69% |
| June 2026 | $35.0M | Current | No | 2.48x | 69% |
| May 2026 | $35.0M | Current | No | 2.48x | 69% |
| April 2026 | $35.0M | Current | No | 2.66x | 70% |
| March 2026 | $35.0M | Current | No | 2.66x | 70% |
| February 2026 | $35.0M | Current | No | 2.66x | 70% |
| January 2026 | $35.0M | Current | No | 2.63x | 71% |
| December 2025 | $35.0M | Current | No | 2.63x | 71% |
| November 2025 | $35.0M | Current | No | 2.63x | 71% |
| October 2025 | $35.0M | Current | No | 2.81x | 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 June 17, 2020, returned to the master servicer January 28, 2021.
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 |
|---|---|---|---|---|
| Morgan Stanley Bank of America Merrill Lynch Trust 2017-C34 | 12 | $35,000,000 | 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 |
| 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 |
| Wilshire Plaza | Troy, MI | Office | $20.9M | 4.59% | Aug 2027 | 1.58x | 68% | Current |
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.