Industrial portfolio, 33 properties · Munster, Indiana
101 45th Street
Public CMBS trusts hold $138.8M of the loan on this portfolio at 3.231% that reaches maturity on December 6, 2029, in 3 years and 1 month. As of the Sep 2026 and Oct 2026 servicer reports its status is current.
The loan
- Balance in tracked trusts
- $138,770,196
- Original balance (same notes)
- $144,500,000
- Interest rate
- 3.231% fixed
- Originated
- November 26, 2019
- Maturity
- December 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- September 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- DBR Investments Co. Limited
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 101 W. 45th Street, Munster, IN 46319
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Value at securitization
- $319.4M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $18.9M | $21.0M |
| Debt yield | 15.2% |
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 GS Mortgage Securities Trust 2020-GC45 filing for the reporting period ending October 9, 2026, filed with the SEC October 22, 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.
What the filing shows
- Net operating income is 11% above the underwritten figure ($21.0M a year against $18.9M).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| 101 45th Street | Munster, IN | Industrial | n/a | n/a |
| 4820-4850 Indianapolis Road | Whitestown, IN | Industrial | n/a | n/a |
| 8401 Bearing Drive | Indianapolis, IN | Industrial | n/a | n/a |
| 5900 North Meadows Drive | Grove City, OH | Industrial | n/a | n/a |
| 5701 North Meadows Drive | Grove City, OH | Industrial | n/a | n/a |
| 8421 Bearing Drive | Indianapolis, IN | Industrial | n/a | n/a |
| 6451-6471 Northwind Parkway | Hobart, IN | Industrial | n/a | n/a |
| 4910-4938 Indianapolis Road | Whitestown, IN | Industrial | n/a | n/a |
| 6221-6241 Northwind Parkway | Hobart, IN | Industrial | n/a | n/a |
| 775 Commerce Parkway West Drive | Greenwood, IN | Industrial | 100% | 4.63x |
| 1901 Northwind Parkway | Hobart, IN | Industrial | n/a | n/a |
| 333 45th Street | Munster, IN | Industrial | n/a | n/a |
| 221 South Swift Road | Addison, IL | Industrial | n/a | n/a |
| W 234 N 2091 Ridgeview Pwky Ct | Pewaukee, WI | Industrial | n/a | n/a |
| 2240 Creekside Parkway | Lockbourne, OH | Industrial | n/a | n/a |
| 201 South Swift Road | Addison, IL | Industrial | n/a | n/a |
| 8441 Bearing Drive | Indianapolis, IN | Industrial | n/a | n/a |
| 4700 North Ironwood Drive | Franklin, WI | Industrial | n/a | n/a |
| 4410 North 132nd Street | Butler, WI | Industrial | n/a | n/a |
| 999 Gerdt Court | Greenwood, IN | Industrial | n/a | n/a |
| 480 45th Street | Munster, IN | Industrial | n/a | n/a |
| 12857 South Hamlin Court | Alsip, IL | Industrial | n/a | n/a |
| 1695 Glen Ellyn Road | Glendale Heights, IL | Industrial | n/a | n/a |
| 1701-1721 Northwind Parkway | Hobart, IN | Industrial | n/a | n/a |
| 1245-1247 Lakeside Drive | Romeoville, IL | Industrial | n/a | n/a |
| 3890 Perry Boulevard | Whitestown, IN | Industrial | n/a | n/a |
| 215 45th Street | Munster, IN | Industrial | n/a | n/a |
| 845 Telser Road | Lake Zurich, IL | Industrial | n/a | n/a |
| 1851 Northwind Parkway | Hobart, IN | Industrial | n/a | n/a |
| 1650 Northwind Parkway | Hobart, IN | Industrial | n/a | n/a |
| 225 45th Street | Whitestown, IN | Industrial | n/a | n/a |
| 1600-1640 Northwind Parkway | Hobart, IN | Industrial | n/a | n/a |
| 235 45th Street | Whitestown, IN | Industrial | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $57.6M | Current | No | n/a | n/a |
| September 2026 | $138.8M | Current | No | n/a | n/a |
| August 2026 | $138.8M | Current | No | n/a | n/a |
| July 2026 | $138.8M | Current | No | n/a | n/a |
| June 2026 | $138.8M | Current | No | n/a | n/a |
| May 2026 | $138.8M | Current | No | n/a | n/a |
| April 2026 | $138.8M | Current | No | n/a | n/a |
| March 2026 | $138.8M | Current | No | n/a | n/a |
| February 2026 | $138.8M | Current | No | n/a | n/a |
| January 2026 | $138.8M | Current | No | n/a | n/a |
| December 2025 | $138.8M | Current | No | n/a | n/a |
| November 2025 | $138.8M | 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
The loan is split into 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| GS Mortgage Securities Trust 2020-GC45 | 3 | $57,620,843 | Oct 2026 | SEC filing, October 22, 2026 |
| Benchmark 2020-B16 Mortgage Trust | 8 | $43,215,632 | Sep 2026 | SEC filing, October 1, 2026 |
| Benchmark 2020-IG1 Mortgage Trust | 12 | $37,933,721 | Sep 2026 | SEC filing, September 28, 2026 |
Other Chicago-Naperville-Elgin loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Millennium Park Plaza | Chicago, IL | Mixed use | $210.0M | 3.66% | Aug 2029 | 1.66x | 73% | Current |
| City Hyde Park | Chicago, IL | Multifamily | $108.7M | 4.70% | Oct 2029 | 1.03x | 83% | Current |
| 5452-5466 S. Ellis Avenue | Chicago, IL | Multifamily | $106.8M | 4.554% | Feb 2029 | n/a | n/a | Current |
| 3500 Lacey Road | Downers Grove, IL | Office | $85.8M | 4.35% | Dec 2029 | 2.39x | 95% | Current |
| Lakeside Apartments | Lisle, IL | Multifamily | $70.0M | 4.935% | Mar 2029 | 1.98x | 95% | Current |
| Hilton Garden Inn & Canopy - Chicago Central Loop | Chicago, IL | Healthcare | $65.0M | 7.60% | Jun 2029 | 1.93x | 74% | Current |
| The Elston Retail Collection | Chicago, IL | Retail | $57.1M | 3.65% | Nov 2029 | 1.40x | 100% | With the special servicer |
| Solstice on the Park | Chicago, IL | Multifamily | $45.0M | 2.75% | Jul 2029 | 2.78x | 90% | Current |
All loans maturing in 2029 · All Chicago-Naperville-Elgin loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting periods ending September 11, 2026, October 9, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.