Retail · Chicago, Illinois
1000 W. Washington Lofts
1000 W. Washington Lofts is financed with a $12.0M CMBS loan at 4.35% that reaches maturity on January 6, 2030, in 3 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
- $11,958,466
- Original balance (same notes)
- $13,600,000
- Interest rate
- 4.35% fixed
- Originated
- January 2, 2020
- Maturity
- January 6, 2030
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- August 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1000 W. Washington Boulevard, Chicago, IL 60607
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Rentable area
- 28,517 sq ft
- Built
- 1994, renovated 1996
- Largest tenants
- Kido International Preschool, Nursery & Child Care; NCP Management; 111 Carpenter St LLC
- Value at securitization
- $19.5M (Dec 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.38x | 0.60x |
| Occupancy | 88% | 79% |
| Net operating income (annualized from 3 months) | $1.1M | $494K |
| Debt yield | 4.1% |
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 CITIGROUP COMMERCIAL MORTGAGE TRUST 2020-GC46 filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in every report since July 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 88% when the loan was securitized to 79%.
- Net operating income is 56% below the underwritten figure ($494K a year against $1.1M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.38x at securitization to 0.60x on the latest statements.
- At 0.60x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $12.0M | Current | No | 0.60x | 79% |
| August 2026 | $12.0M | Current | No | 0.60x | 79% |
| July 2026 | $12.0M | Current | No | 0.60x | 79% |
| June 2026 | $12.0M | Current | No | n/a | n/a |
| May 2026 | $12.1M | Current | No | n/a | n/a |
| April 2026 | $12.1M | Current | No | 1.09x | 88% |
| March 2026 | $12.1M | Current | No | 1.09x | 88% |
| February 2026 | $12.1M | Current | No | 1.97x | 88% |
| January 2026 | $12.1M | Current | No | 1.97x | 88% |
| December 2025 | $12.2M | Late payment but less than 30 days delinquent | No | 1.97x | 88% |
| November 2025 | $12.2M | Current | No | 2.86x | 88% |
| October 2025 | $12.2M | Current | No | 2.86x | 88% |
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 |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2020-GC46 | 33 | $11,958,466 | Sep 2026 | SEC filing, September 30, 2026 |
Other Chicago-Naperville-Elgin loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Mcdonalds Global Hq | Chicago, IL | Office | $224.8M | 2.935% | Nov 2030 | 1.58x | 98% | Current |
| Grand Plaza | Chicago, IL | Mixed use | $160.0M | 5.56% | Mar 2030 | 1.68x | 61% | Current |
| Soho House Chicago | Chicago, IL | Mixed use | $65.0M | 6.785% | Feb 2030 | 1.94x | 100% | Current |
| 1515 West Webster | Chicago, IL | Office | $56.4M | 6.525% | Aug 2030 | n/a | n/a | Current |
| Ashland Laflin Duo | Chicago, IL | Multifamily | $44.5M | 6.647% | Feb 2030 | n/a | n/a | Current |
| Barry Quad | Chicago, IL | Multifamily | $33.9M | 6.895% | Jun 2030 | 1.25x | 100% | Current |
| Chatham Ridge Shopping Center | Chicago, IL | Retail | $30.5M | 6.81% | Feb 2030 | 1.54x | 100% | Current |
| Walgreens 9 Portfolio | Buffalo Grove, IL | Retail | $30.0M | 3.51% | Oct 2030 | n/a | n/a | Current |
All loans maturing in 2030 · All Chicago-Naperville-Elgin 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.