Multifamily portfolio, 12 properties · Chicago, Illinois
8705-8711 South Morgan Street
This portfolio is financed with a $15.6M CMBS loan at 7.27% that reaches maturity on September 6, 2029, in 2 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $15,640,309
- Original balance (same notes)
- $16,000,000
- Interest rate
- 7.27% fixed
- Originated
- August 29, 2024
- Maturity
- September 6, 2029
- Payments
- Amortizing over 28 years
- Master servicer
- KeyBank Real Estate Capital
- Originator
- SMC
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 8705-8711 South Morgan Street, Chicago, IL 60620
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Value at securitization
- $30.0M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | n/a | $1.8M |
| Debt yield | 11.3% |
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 BBCMS Mortgage Trust 2024-5C29 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| 8705-8711 South Morgan Street | Chicago, IL | Multifamily | 78% | 1.31x |
| 11214-11218 South Indiana Avenue | Chicago, IL | Multifamily | 81% | n/a |
| 8201 South Paulina Street | Chicago, IL | Multifamily | 5% | n/a |
| 2320 West Garfield Boulevard | Chicago, IL | Multifamily | 100% | n/a |
| 7818-7820 South South Shore Drive | Chicago, IL | Multifamily | 88% | n/a |
| 8001-8007 South Eberhart Avenue | Chicago, IL | Multifamily | 78% | n/a |
| 8139-8145 South Maryland Avenue | Chicago, IL | Multifamily | 82% | n/a |
| 535 East 102nd Street | Chicago, IL | Multifamily | 73% | n/a |
| 6516 South Stony Island Avenue | Chicago, IL | Multifamily | 94% | n/a |
| 7770-7778 South South Shore Drive | Chicago, IL | Multifamily | 87% | n/a |
| 9017-9025 South Cottage Grove Avenue | Chicago, IL | Multifamily | 57% | n/a |
| 7956 South Normal Avenue | Chicago, IL | Multifamily | 100% | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $15.6M | Not reported | No | 1.31x | 78% |
| August 2026 | $15.7M | Not reported | No | 1.31x | 78% |
| July 2026 | $15.7M | Not reported | No | 1.31x | 78% |
| June 2026 | $15.7M | Not reported | No | 1.31x | 78% |
| May 2026 | $15.7M | Not reported | No | 1.31x | 78% |
| April 2026 | $15.7M | Not reported | No | 1.31x | 78% |
| March 2026 | $15.7M | Not reported | No | n/a | 81% |
| February 2026 | $15.8M | Not reported | No | 0.79x | 78% |
| January 2026 | $15.8M | Not reported | No | 0.79x | 78% |
| December 2025 | $15.8M | Not reported | No | n/a | 100% |
| November 2025 | $15.8M | Not reported | No | 0.79x | 78% |
| October 2025 | $15.8M | Not reported | No | 0.78x | 78% |
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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2024-5C29 | 23 | $15,640,309 | Sep 2026 | SEC filing, September 29, 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.