property record · Multifamily
1 Ionia Avenue SW
Commercial property in Grand Rapids, Kent County, Michigan. Income, occupancy and loan, each figure linked to the filing it comes from.
Operating income
As reported to the trustee. DSCR below 1.0 means the property does not cover its debt service.
| As of | NOI | Revenue | Expenses | DSCR | Source |
|---|---|---|---|---|---|
| 2026-06-30 | 144,703 | 337,743 | 193,040 | 1.10 | evidence → |
| 2026-03-31 | 62,029 | 170,029 | 108,000 | 0.95 | evidence → |
| 2025-12-31 | 254,705 | 667,820 | 413,115 | 0.96 | evidence → |
| 2025-09-30 | 183,208 | 487,634 | 304,426 | 0.92 | evidence → |
| 2025-06-30 | 126,802 | 334,795 | 207,993 | 0.96 | evidence → |
| 2025-03-31 | 53,171 | 169,867 | 116,696 | 0.81 | evidence → |
| 2024-12-31 | 319,872 | 682,759 | 362,887 | 1.20 | evidence → |
| 2024-09-30 | 264,675 | 522,786 | 258,111 | 1.33 | evidence → |
| 2024-06-30 | 195,734 | 357,853 | 162,119 | 1.48 | evidence → |
| 2024-03-31 | 128,232 | 207,338 | 79,106 | 1.94 | evidence → |
| 2023-12-31 | 492,984 | 798,064 | 305,080 | 1.86 | evidence → |
| 2023-09-30 | 375,648 | 602,773 | 227,124 | 1.89 | evidence → |
| 2023-06-30 | 259,200 | 413,004 | 153,804 | 1.96 | evidence → |
| 2023-03-31 | 123,497 | 208,420 | 84,923 | 1.89 | evidence → |
| 2022-09-30 | 350,057 | 577,706 | 227,649 | 1.76 | evidence → |
| 2022-06-30 | 275,941 | 427,437 | 151,496 | 2.09 | evidence → |
| 2022-03-31 | 141,283 | 214,917 | 73,634 | 2.16 | evidence → |
| 2021-12-31 | 399,085 | 686,104 | 287,019 | 1.51 | evidence → |
| 2021-09-30 | 402,740 | 622,541 | 219,801 | 2.03 | evidence → |
| 2021-06-30 | 275,783 | 416,679 | 140,896 | 2.09 | evidence → |
| 2021-03-31 | 128,515 | 207,855 | 79,340 | 1.97 | evidence → |
| 2020-12-31 | 510,584 | 808,913 | 298,329 | 1.92 | evidence → |
| 2020-09-30 | 363,833 | 608,825 | 244,992 | 1.82 | evidence → |
| 2019-05-31 | 483,057 | 740,457 | 257,400 | 1.82 | evidence → |
Property record
| Field | Value | Source |
|---|---|---|
| collateral of | {"trust_cik": "0001780678", "entity_ref": "1db1ec50-4084-490f-80fd-86dc4f6669ee", "originator": "Ladder Capita | evidence → |
| loan payment status | {"label": "Current", "value": "0", "loan_id": "49"} | evidence → |
| address | {"zip": "49503", "city": "Grand Rapids", "state": "MI", "county": "Kent", "address": "1 Ionia Avenue SW"} | evidence → |
| occupancy | {"basis": "most_recent", "value": 0.92} | evidence → |
| status | {"label": "Same as at Securitization", "value": "6", "defeased_label": "No Defeasance Occurred", "defeased_sta | evidence → |
| type | {"label": "Multifamily", "value": "MF"} | evidence → |
| units | {"basis": "most_recent", "value": 23} | evidence → |
| valuation | {"basis": "securitization", "amount": 8450000, "source": "MAI", "currency": "USD", "source_label": "Appraisal | evidence → |
| year built | {"value": 1885, "renovated": 2012} | evidence → |
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