Multifamily · Warren, Michigan
Warren Club
Warren Club is financed with a $13.9M CMBS loan at 6.251% that reaches maturity on January 6, 2031, in 4 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $13,950,000
- Original balance (same notes)
- $13,950,000
- Interest rate
- 6.251% fixed
- Originated
- December 22, 2025
- Maturity
- January 6, 2031
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- November 5, 2030
- Master servicer
- Berkadia
- Originator
- Argentic Real Estate Finance 2 LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 29356 Dequindre Road, Warren, MI 48092
- Metro
- Detroit-Warren-Dearborn, MI
- Units, rooms or beds
- 216
- Built
- 1966, renovated 2022
- Value at securitization
- $20.1M (Nov 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.34x | n/a |
| Occupancy | 94% | n/a |
| Net operating income | $1.4M | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2026-5C40 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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 8 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $13.9M | Current | No | n/a | n/a |
| August 2026 | $13.9M | Current | No | n/a | n/a |
| July 2026 | $13.9M | Current | No | n/a | n/a |
| June 2026 | $13.9M | Current | No | n/a | n/a |
| May 2026 | $13.9M | Current | No | n/a | n/a |
| April 2026 | $13.9M | Current | No | n/a | n/a |
| March 2026 | $13.9M | Current | No | n/a | n/a |
| February 2026 | $13.9M | Current | 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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2026-5C40 | 23 | $13,950,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Detroit-Warren-Dearborn loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Columbia Center | Troy, MI | Office | $55.0M | 6.845% | May 2031 | n/a | n/a | Current |
| Edge at Novi | Novi, MI | Multifamily | $50.0M | 5.86% | May 2031 | n/a | n/a | Current |
| Village of Rochester Hills | Rochester Hills, MI | Retail | $47.8M | 3.747% | May 2031 | 2.37x | 98% | Current |
| 325 North Woodward | MI | Mixed use | $38.0M | 7.19% | Aug 2031 | n/a | n/a | Current |
| Magna Seating Hq | Novi, MI | Office | $37.7M | 3.51% | Apr 2031 | 2.59x | 100% | Current |
| U-haul Moving & Storage Of Inkster | Inkster, MI | Self storage | $33.8M | 2.565% | Jul 2031 | n/a | n/a | Current |
| Chestnut Woods & Chestnut Crossing | Howell, MI | Multifamily | $33.0M | 5.66% | Aug 2031 | n/a | n/a | Current |
| The Kensley | Howell, MI | Multifamily | $27.3M | 6.13% | May 2031 | n/a | n/a | Current |
All loans maturing in 2031 · 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.