Industrial · Montgomery, Illinois
420 North Main Street
420 North Main Street is financed with a $15.9M CMBS loan at 4.06% that reaches maturity on December 1, 2029, in 3 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
- $15,851,185
- Original balance (same notes)
- $17,750,000
- Interest rate
- 4.06% fixed
- Originated
- November 5, 2019
- Maturity
- December 1, 2029
- Payments
- Interest only for 12 months, then amortizing
- Prepayment lockout ended
- December 31, 2021
- Originator
- CIBC Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 420 North Main Street, Montgomery, IL 60538
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Rentable area
- 634,968 sq ft
- Built
- 1905, renovated 2019
- Largest tenants
- Lyon LLC Ware House; Reed Machinery & Transportation Co, Inc; Transync International
- Value at securitization
- $25.5M (Oct 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.94x | 1.96x |
| Occupancy | 93% | 85% |
| Net operating income (annualized from 3 months) | $2.0M | $2.0M |
| Debt yield | 12.8% |
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 CSAIL 2019-C18 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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
- Occupancy has fallen from 93% when the loan was securitized to 85%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $15.9M | Current | No | 1.96x | 85% |
| August 2026 | $15.9M | Current | No | 1.96x | 85% |
| July 2026 | $15.9M | Late payment but less than 30 days delinquent | No | 1.96x | 85% |
| June 2026 | $16.0M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| May 2026 | $16.0M | Current | No | n/a | n/a |
| April 2026 | $20.9M | Current | No | 0.98x | 100% |
| March 2026 | $16.0M | Current | No | n/a | n/a |
| February 2026 | $16.1M | Current | No | n/a | n/a |
| January 2026 | $16.1M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| December 2025 | $16.2M | 30-59 days delinquent | No | n/a | n/a |
| November 2025 | $16.2M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| October 2025 | $16.2M | Late payment but less than 30 days delinquent | 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.
Special-servicing history
- Transferred to the special servicer December 11, 2020, returned to the master servicer May 16, 2022.
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 |
|---|---|---|---|---|
| CSAIL 2019-C18 Commercial Mortgage Trust | 12 | $15,851,185 | 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 |
| 101 45th Street | Munster, IN | Industrial | $138.8M | 3.231% | Dec 2029 | n/a | n/a | 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 |
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 period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.