Office · Lombard, Illinois
701 East 22nd Street
701 East 22nd Street is financed with a $15.2M CMBS loan at 5.00% that reached its anticipated repayment date on November 6, 2024, 23 months ago. As of the Sep 2026 servicer report, the latest filed for this loan, its status is past maturity and not performing.
The loan
- Balance in tracked trusts
- $15,190,000
- Original balance (same notes)
- $15,190,000
- Interest rate
- 5.00%
- Originated
- October 18, 2017
- Maturity
- November 6, 2024
- Anticipated repayment date
- November 6, 2024 (the rate steps up if the loan is not repaid by then)
- Payments
- Amortizing
- Master servicer
- KeyBank Real Estate Capital
- Originator
- Benefit Street Partners CRE Finance LLC
Status
- Payment status
- Non performing matured balloon. (code 5)
- Special servicing
- Transferred November 7, 2024
- Workout strategy
- Foreclosure
- Defeasance
- Partly defeased
The property
- Address
- 701 East 22nd Street, Lombard, IL 60148
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Rentable area
- 174,098 sq ft
- Built
- 1980, renovated 2003
- Largest tenants
- Dental Network of America LLC; Dental Network of America LLC; Stantec Consulting Services Inc
- Value at securitization
- $23.6M (Aug 2017)
Performance
| At securitization | Latest (Sep 2024) | |
|---|---|---|
| DSCR (NOI) | n/a | 2.13x |
| Occupancy | 97% | 54% |
| Net operating income (annualized from 9 months) | n/a | $1.6M |
| Debt yield | 10.8% |
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 2017-CX10 Commercial Mortgage Trust 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
- Occupancy down 10 points or more from securitization
- Past maturity
- Largest tenant's lease ends 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 97% when the loan was securitized to 54%.
- The most recent valuation in the filing is $2.1M (June 22, 2026), against $23.6M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $15.2M | Non performing matured balloon | Yes | 2.13x | 54% |
| August 2026 | $15.2M | Non performing matured balloon | Yes | 2.13x | 54% |
| July 2026 | $15.2M | Non performing matured balloon | Yes | 2.13x | 54% |
| June 2026 | $15.2M | Non performing matured balloon | Yes | 2.13x | 54% |
| May 2026 | $15.2M | Non performing matured balloon | Yes | 2.13x | 54% |
| April 2026 | $15.2M | Non performing matured balloon | Yes | 2.13x | 54% |
| March 2026 | $15.2M | Non performing matured balloon | Yes | 2.13x | 54% |
| February 2026 | $15.2M | Non performing matured balloon | Yes | 2.13x | 54% |
| January 2026 | $15.2M | Non performing matured balloon | Yes | 2.13x | 54% |
| December 2025 | $15.2M | Non performing matured balloon | Yes | 2.13x | 54% |
| November 2025 | $15.2M | Non performing matured balloon | Yes | 2.13x | 54% |
| October 2025 | $15.2M | Non performing matured balloon | Yes | 2.13x | 54% |
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 7, 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 |
|---|---|---|---|---|
| CSAIL 2017-CX10 Commercial Mortgage Trust | 18 | $15,190,000 | Sep 2026 | SEC filing, September 28, 2026 |
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.