Multifamily · Lansing, Michigan
The Venue
The Venue is financed with a $6.8M CMBS loan at 6.623% that reaches maturity on October 6, 2031, in 4 years and 11 months. As of the Nov 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $6,750,000
- Original balance (same notes)
- $6,750,000
- Interest rate
- 6.623% fixed
- Originated
- October 5, 2026
- Maturity
- October 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 5, 2031
- Master servicer
- Trimont
- Originator
- German American Capital Corporation
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2010 East Michigan Avenue, Lansing, MI 48912
- Metro
- Lansing-East Lansing, MI
- Units, rooms or beds
- 42
- Built
- 1922, renovated 2017
- Value at securitization
- $10.0M (Jul 2026)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.43x | n/a |
| Occupancy | 95% | n/a |
| Net operating income | $650K | n/a |
Watch flags
Computed from the AXDB 2026-MULT1 Mortgage Trust filing for the reporting period ending November 11, 2026, filed with the SEC October 21, 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.
The last 1 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $6.8M | Payment not received but still in grace period or not yet due | 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 |
|---|---|---|---|---|
| AXDB 2026-MULT1 Mortgage Trust | 27 | $6,750,000 | Nov 2026 | SEC filing, October 21, 2026 |
Other Lansing-East Lansing loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Towne Square | Lansing, MI | Multifamily | $16.7M | 6.936% | May 2031 | n/a | n/a | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending November 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.