Office · Chicago, Illinois
221-223 W. Ohio & 215 W. Ohio
221-223 W. Ohio & 215 W. Ohio is financed with a $8.7M CMBS loan at 4.18% that reaches maturity on September 1, 2027, in 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $8,723,450
- Original balance (same notes)
- $9,600,000
- Interest rate
- 4.18% fixed
- Originated
- August 29, 2017
- Maturity
- September 1, 2027
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- June 30, 2027
- Master servicer
- Trimont LLC
- Originator
- CIBC Inc.
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred November 5, 2024
- Workout strategy
- Foreclosure
- Defeasance
- None reported
The property
- Address
- 215, 221, 223 West Ohio Street, Chicago, IL 60654
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Rentable area
- 60,345 sq ft
- Built
- 1880, renovated 2017
- Largest tenants
- Moreno Architects LTD; The Set Collective; JMW TECHNOLOGIES
- Value at securitization
- $14.7M (Jun 2017)
Performance
| At securitization | Latest (Sep 2025) | |
|---|---|---|
| DSCR (NOI) | 1.93x | 0.10x |
| Occupancy | 100% | 27% |
| Net operating income (annualized from 9 months) | $1.1M | $56K |
| Debt yield | 0.6% |
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 UBS Commercial Mortgage Trust 2017-C4 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Matures within 12 months
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 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 100% when the loan was securitized to 27%.
- Net operating income is 95% below the underwritten figure ($56K a year against $1.1M; the latest statement covers 9 months, annualized).
- Debt service coverage moved from 1.93x at securitization to 0.10x on the latest statements.
- At 0.10x, the property's reported NOI does not cover its debt service.
- The most recent valuation in the filing is $4.3M (May 5, 2026), against $14.7M at securitization.
- The filing gives Jan 2026 as the lease end date for the largest tenant (Moreno Architects LTD), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.7M | 90+ days delinquent | Yes | 0.10x | 27% |
| August 2026 | $8.7M | 90+ days delinquent | Yes | 0.10x | 27% |
| July 2026 | $8.7M | 90+ days delinquent | Yes | 0.10x | 27% |
| June 2026 | $8.7M | 90+ days delinquent | Yes | 0.10x | 27% |
| May 2026 | $8.7M | 90+ days delinquent | Yes | 0.10x | 27% |
| April 2026 | $8.7M | 90+ days delinquent | Yes | 0.10x | 27% |
| March 2026 | $8.7M | 90+ days delinquent | Yes | 0.10x | 27% |
| February 2026 | $8.7M | 90+ days delinquent | Yes | 0.10x | 27% |
| January 2026 | $8.7M | 90+ days delinquent | Yes | 1.88x | 84% |
| December 2025 | $8.7M | 90+ days delinquent | Yes | 1.88x | 84% |
| November 2025 | $8.7M | 90+ days delinquent | Yes | 1.88x | 84% |
| October 2025 | $8.7M | 90+ days delinquent | Yes | 1.88x | 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 November 5, 2024, still there.
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 |
|---|---|---|---|---|
| UBS Commercial Mortgage Trust 2017-C4 | 30 | $8,723,450 | Sep 2026 | SEC filing, September 28, 2026 |
Other Chicago-Naperville-Elgin loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Old Chicago Post Office | Chicago, IL | Office | $125.0M | 3.47% | Jan 2027 | n/a | n/a | Current |
| University Center Chicago | Chicago, IL | Multifamily | $120.6M | 3.92% | Aug 2027 | 3.25x | 99% | Current |
| Prudential Plaza, Chicago (2027 maturity), loan 5 in CD 2017-CD3 Mortgage Trust | Chicago, IL | Office | $65.0M | 4.61% | Aug 2027 | 1.82x | 63% | Current |
| Radisson Blu Aqua Hotel | Chicago, IL | Hotel | $64.0M | 4.597% | Nov 2027 | 2.19x | 70% | Current |
| Prudential Plaza, Chicago (2027 maturity), loan 3 in JPMDB Commercial Mortgage Securities Trust 2017-C5 | Chicago, IL | Office | $60.4M | 4.61% | Aug 2027 | 1.82x | 63% | Current |
| Crossings at Hobart | Merrillville, IN | Retail | $45.5M | 4.84% | Mar 2027 | 1.26x | 93% | Current |
| Lincolnshire Commons | Lincolnshire, IL | Mixed use | $40.5M | 4.46% | Aug 2027 | 1.21x | 70% | Current |
| Calumet Business Center | Chicago, IL | Industrial | $28.5M | 4.305% | Feb 2027 | 1.08x | 81% | Current |
All loans maturing in 2027 · 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.