Multifamily · Carbondale, Illinois
900 East Grand Avenue
Public CMBS trusts hold $3.0M of the loan on 900 East Grand Avenue at 5.52% that reaches maturity on May 6, 2032, in 5 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,000,000
- Original balance (same notes)
- $3,000,000
- Interest rate
- 5.52% fixed
- Originated
- April 8, 2022
- Maturity
- May 6, 2032
- Payments
- Interest only for the full term
- Master servicer
- KeyBank Real Estate Capital
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 900 East Grand Avenue, Carbondale, IL 62901
- Units, rooms or beds
- 36
- Built
- 1992, renovated 2020
- Value at securitization
- $4.7M (Mar 2022)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 0.90x |
| Occupancy | 94% | 89% |
| Net operating income | n/a | $151K |
| Debt yield | 5.0% |
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 BENCHMARK 2022-B35 MORTGAGE TRUST filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Coverage below 1.00x
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 94% when the loan was securitized to 89%.
- At 0.90x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.0M | Not reported | No | 0.90x | 89% |
| August 2026 | $3.0M | Not reported | No | 0.87x | 94% |
| July 2026 | $3.0M | Not reported | No | 0.87x | 94% |
| June 2026 | $3.0M | Not reported | No | 0.87x | 94% |
| May 2026 | $3.0M | Not reported | No | 0.70x | 92% |
| April 2026 | $3.0M | Not reported | No | 0.70x | 92% |
| March 2026 | $3.0M | Not reported | No | 0.80x | 92% |
| February 2026 | $3.0M | Not reported | No | 0.80x | 89% |
| January 2026 | $3.0M | Not reported | No | 0.86x | 89% |
| December 2025 | $3.0M | Not reported | No | 0.91x | 89% |
| November 2025 | $3.0M | Not reported | No | 0.78x | 92% |
| October 2025 | $3.0M | Not reported | No | 0.78x | 92% |
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 |
|---|---|---|---|---|
| BENCHMARK 2022-B35 MORTGAGE TRUST | 37 | $3,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Illinois loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 200 West Jackson | Chicago, IL | Office | $86.0M | 3.72% | Feb 2032 | 1.69x | 73% | Current |
| Chicago Business Center | Chicago, IL | Industrial | $33.6M | 4.025% | Jan 2032 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Lincoln Place | Fairview Heights, IL | Retail | $28.0M | 5.16% | Jun 2032 | 2.04x | 99% | Current |
| South Michigan Avenue | Chicago, IL | Mixed use | $22.5M | 5.92% | Aug 2032 | 1.49x | 100% | Current |
| Chicago Marketplace | Chicago, IL | Industrial | $17.7M | 4.025% | Jan 2032 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 4520 S Drexel Boulevard | Chicago, IL | Multifamily | $15.4M | 6.15% | Jun 2032 | 1.00x | 85% | With the special servicer and 90+ days delinquent |
| Village Plaza | Morton Grove, IL | Retail | $14.5M | 3.265% | Jan 2032 | 4.57x | 95% | Current |
| Watch E Kee & Sugar Creek | Watseka, IL | Manufactured housing | $14.1M | 6.26% | Jul 2032 | n/a | n/a | With the special servicer and 90+ days delinquent |
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.