Hotel · Detroit, Michigan
The Westin Book Cadillac
Public CMBS trusts hold $75.0M of the loan on The Westin Book Cadillac at 4.39% that reaches maturity on February 1, 2030, in 3 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $75,034,730
- Original balance (same notes)
- $77,000,000
- Interest rate
- 4.39% fixed
- Originated
- January 22, 2020
- Maturity
- February 1, 2030
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- October 31, 2029
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred August 7, 2020, returned March 11, 2022
- Workout strategy
- Resolved
- Modified
- Yes, most recently December 16, 2021
- Defeasance
- None reported
The property
- Address
- 1114 Washington Blvd, Detroit, MI 48226
- Metro
- Detroit-Warren-Dearborn, MI
- Units, rooms or beds
- 453
- Built
- 1924, renovated 2008
- Value at securitization
- $136.0M (Nov 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.85x | 0.83x |
| Occupancy | 78% | 63% |
| Net operating income (annualized from 3 months) | $9.8M | $3.9M |
| Debt yield | 5.2% |
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 Benchmark 2020-B17 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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
- Modified
On the cmbs.news watch list in every report since August 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 78% when the loan was securitized to 63%.
- Net operating income is 60% below the underwritten figure ($3.9M a year against $9.8M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.85x at securitization to 0.83x on the latest statements.
- At 0.83x, the property's reported NOI does not cover its debt service.
- The most recent valuation in the filing is $82.3M (May 24, 2021), against $136.0M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $75.0M | Current | No | 0.83x | 63% |
| August 2026 | $75.1M | Current | No | 0.83x | 63% |
| July 2026 | $75.2M | Current | No | n/a | n/a |
| June 2026 | $75.3M | Current | No | n/a | n/a |
| May 2026 | $75.4M | Current | No | n/a | n/a |
| April 2026 | $75.6M | Current | No | 3.13x | n/a |
| March 2026 | $75.7M | Current | No | 3.13x | n/a |
| February 2026 | $75.8M | Current | No | 2.90x | 71% |
| January 2026 | $75.9M | Current | No | 2.90x | 71% |
| December 2025 | $76.0M | Current | No | 2.90x | 71% |
| November 2025 | $76.1M | Current | No | 2.90x | 71% |
| October 2025 | $76.2M | Current | No | 2.49x | 68% |
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 August 7, 2020, returned to the master servicer March 11, 2022.
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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2020-GC46 | 8 | $43,851,466 | Sep 2026 | SEC filing, September 30, 2026 |
| Benchmark 2020-B17 Mortgage Trust | 11 | $31,183,265 | Sep 2026 | SEC filing, September 28, 2026 |
Other Detroit-Warren-Dearborn loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Gateway Industrial Center | Detroit, MI | Industrial | $93.0M | 6.74% | Jul 2030 | n/a | n/a | Late, less than 30 days |
| The Draxton Hotel 2.0 | Birmingham, MI | Hotel | $50.0M | 6.82% | Aug 2030 | 2.32x | 67% | Current |
| Infinity Park Apartments | Detroit, MI | Multifamily | $38.0M | 5.613% | Dec 2030 | n/a | n/a | Current |
| Southfield Westin | Southfield, MI | Hotel | $37.9M | 7.395% | May 2030 | 2.01x | 70% | Current |
| Lewis Technology Centre | Novi, MI | Office | $30.6M | 3.688% | Feb 2030 | n/a | n/a | Current |
| The Standard | Farmington Hills, MI | Office | $28.7M | 3.672% | Nov 2030 | 0.48x | 35% | Current |
| Brewery Park - Phase II | Detroit, MI | Office | $27.1M | 4.035% | Sep 2030 | n/a | n/a | Current |
| Gale Gardens Individual Property | Melvindale, MI | Multifamily | $21.4M | 3.85% | Mar 2030 | n/a | n/a | Current |
All loans maturing in 2030 · 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.