Mixed use · Chicago, Illinois
1714 W Division
1714 W Division is financed with a $8.8M CMBS loan at 5.24% that reaches maturity on December 1, 2028, in 2 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $8,798,881
- Original balance (same notes)
- $9,300,000
- Interest rate
- 5.24% fixed
- Originated
- November 19, 2018
- Maturity
- December 1, 2028
- Payments
- Interest only for 48 months, then amortizing
- Prepayment lockout ends
- August 31, 2028
- Master servicer
- Midland
- Originator
- CCRE
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred April 17, 2020, returned November 24, 2020
- Workout strategy
- Resolved
- Defeasance
- None reported
The property
- Address
- 1714 W Division Street, Chicago, IL 60622
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Rentable area
- 23,609 sq ft
- Built
- 1910, renovated 2017
- Largest tenants
- INDUSTRIOUS CHI; FURTHER POINT ACQUISITION:
- Value at securitization
- $14.3M (Oct 2018)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.32x | 1.43x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 3 months) | $812K | $893K |
| Debt yield | 10.2% |
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 Morgan Stanley Capital I Trust 2018-H4 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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 10% above the underwritten figure ($893K a year against $812K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.32x at securitization to 1.43x on the latest statements.
- The most recent valuation in the filing is $8.8M (July 24, 2020), against $14.3M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.8M | Current | No | 1.43x | 100% |
| August 2026 | $8.8M | Current | No | 1.43x | 100% |
| July 2026 | $8.8M | Current | No | 1.43x | 100% |
| June 2026 | $8.8M | Current | No | n/a | n/a |
| May 2026 | $8.8M | Current | No | n/a | n/a |
| April 2026 | $8.9M | Current | No | 1.04x | 84% |
| March 2026 | $8.9M | Current | No | 1.04x | 84% |
| February 2026 | $8.9M | Current | No | 1.18x | 84% |
| January 2026 | $8.9M | Current | No | 1.18x | 84% |
| December 2025 | $8.9M | Late payment but less than 30 days delinquent | No | 1.20x | 84% |
| November 2025 | $8.9M | Current | No | 1.20x | 84% |
| October 2025 | $8.9M | Current | No | 1.20x | 84% |
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 April 17, 2020, returned to the master servicer November 24, 2020.
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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2018-H4 | 28 | $8,798,881 | Sep 2026 | SEC filing, October 2, 2026 |
Other Chicago-Naperville-Elgin loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 333 S Wabash | Chicago, IL | Office | $99.7M | 3.53% | Sep 2028 | 1.70x | 81% | Current |
| Westbrook Corporate Center | Westchester, IL | Office | $86.4M | 4.86% | Jun 2028 | 1.30x | 68% | With the special servicer and 90+ days delinquent |
| Continental Towers | Rolling Meadows, IL | Office | $84.5M | 4.75% | Sep 2028 | 0.31x | 53% | With the special servicer and 90+ days delinquent |
| Executive Towers West | Downers Grove, IL | Office | $54.2M | 4.85% | Aug 2028 | 1.23x | 63% | Current |
| The Buckingham | Chicago, IL | Multifamily | $42.3M | 5.522% | Aug 2028 | 1.18x | n/a | With the special servicer and 90+ days delinquent |
| Oak Creek Center | Lombard, IL | Office | $34.6M | 4.80% | Mar 2028 | n/a | n/a | Current |
| One Parkway North Fee | Deerfield, IL | Other | $24.5M | 4.282% | Jan 2028 | 1.91x | 81% | With the special servicer and 90+ days delinquent |
| Willows Hotel Chicago | Chicago, IL | Hotel | $20.7M | 5.155% | Jan 2028 | n/a | n/a | Current |
All loans maturing in 2028 · 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.