Office · Chicago, Illinois
At&t Chicago
At&t Chicago is financed with a $10.2M CMBS loan at 3.665% that reaches maturity on January 6, 2032, in 5 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $10,170,000
- Original balance (same notes)
- $10,170,000
- Interest rate
- 3.665% fixed
- Originated
- December 8, 2021
- Maturity
- January 6, 2032
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 5, 2031
- Master servicer
- Midland Loan Services
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2401 W Grace Street, Chicago, IL 60618
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Rentable area
- 93,086 sq ft
- Built
- 1959, renovated 1997
- Largest tenants
- AT&T Services, Ir
- Value at securitization
- $16.4M (Oct 2021)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 3.13x | 3.52x |
| Occupancy | 100% | n/a |
| Net operating income (annualized from 3 months) | $1.2M | $1.3M |
| Debt yield | 13.3% |
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 Benchmark 2022-B32 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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
- Net operating income is 14% above the underwritten figure ($1.3M a year against $1.2M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 3.13x at securitization to 3.52x on the latest statements.
- The filing gives Apr 2027 as the lease end date for the largest tenant (AT&T Services, Ir), 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 | $10.2M | Late payment but less than 30 days delinquent | No | 3.52x | n/a |
| August 2026 | $10.2M | Current | No | 3.52x | 100% |
| July 2026 | $10.2M | 30-59 days delinquent | No | 3.52x | n/a |
| June 2026 | $10.2M | Late payment but less than 30 days delinquent | No | 3.52x | 100% |
| May 2026 | $10.2M | Current | No | n/a | n/a |
| April 2026 | $10.2M | Current | No | 3.50x | n/a |
| March 2026 | $10.2M | Current | No | 3.49x | n/a |
| February 2026 | $10.2M | Current | No | 3.49x | 100% |
| January 2026 | $10.2M | Current | No | 3.49x | 100% |
| December 2025 | $10.2M | Current | No | 3.49x | 100% |
| November 2025 | $10.2M | Current | No | 3.47x | 100% |
| October 2025 | $10.2M | Current | No | 3.47x | 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 |
|---|---|---|---|---|
| Benchmark 2022-B32 Mortgage Trust | 37 | $10,170,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Chicago-Naperville-Elgin 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 |
| Chase St. | Gary, IN | Industrial | $42.0M | 5.92% | Jun 2032 | n/a | n/a | 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 |
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.