Mixed use · Chicago, Illinois
3122 Broadway
3122 Broadway is financed with a $5.1M CMBS loan at 7.005% that reaches maturity on June 6, 2034, in 7 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,100,000
- Original balance (same notes)
- $5,100,000
- Interest rate
- 7.005% fixed
- Originated
- May 10, 2024
- Maturity
- June 6, 2034
- Payments
- Interest only for the full term
- Prepayment lockout ends
- December 5, 2033
- Master servicer
- Midland
- Originator
- Bank of Montreal
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 3120-22 N Broadway, Chicago, IL 60657
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Rentable area
- 2,565 sq ft
- Units, rooms or beds
- 19
- Built
- 2021
- Largest tenants
- The NOW
- Value at securitization
- $7.9M (Feb 2024)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.29x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $467K | n/a |
Watch flags
Computed from the BMO 2024-C9 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Largest tenant's lease ends within 12 months
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
- The filing gives Jul 2027 as the lease end date for the largest tenant (The NOW), 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 | $5.1M | Current | No | n/a | n/a |
| August 2026 | $5.1M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| July 2026 | $5.1M | Current | No | n/a | n/a |
| June 2026 | $5.1M | Current | No | n/a | n/a |
| May 2026 | $5.1M | Current | No | n/a | n/a |
| April 2026 | $5.1M | Current | No | 1.22x | 100% |
| March 2026 | $5.1M | Late payment but less than 30 days delinquent | No | 1.22x | 100% |
| February 2026 | $5.1M | Current | No | 1.22x | 100% |
| January 2026 | $5.1M | Late payment but less than 30 days delinquent | No | 1.22x | 100% |
| December 2025 | $5.1M | Current | No | 1.22x | 100% |
| November 2025 | $5.1M | Current | No | 1.22x | 100% |
| October 2025 | $5.1M | Current | No | 1.22x | 100% |
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 |
|---|---|---|---|---|
| BMO 2024-C9 Mortgage Trust | 40 | $5,100,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Chicago-Naperville-Elgin loans due in 2034
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 900 North Michigan | Chicago, IL | Mixed use | $180.0M | 6.853% | Aug 2034 | 1.54x | 90% | Current |
| River East Garage | Chicago, IL | Other | $66.7M | 7.755% | Dec 2034 | n/a | n/a | Current |
| Phoenix | Phoenix, IL | Industrial | $38.8M | 6.21% | Oct 2034 | n/a | n/a | Current |
| Spark by Hilton O'Hare | Des Plaines, IL | Hotel | $8.4M | 7.535% | Nov 2034 | 2.68x | 70% | Current |
| Atrium Point | New Lenox, IL | Mixed use | $8.3M | 6.87% | Dec 2034 | n/a | n/a | Late, less than 30 days |
| Shops at Lily Cache Creek | Bolingbrook, IL | Retail | $4.0M | 6.20% | Sep 2034 | 1.61x | 87% | Current |
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.