Retail · Merrillville, Indiana
Burlington Merrillville in
Burlington Merrillville in is financed with a $4.5M CMBS loan at 4.05% that reaches maturity on May 1, 2031, in 4 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
- $4,508,273
- Original balance (same notes)
- $5,000,000
- Interest rate
- 4.05% fixed
- Originated
- April 30, 2021
- Maturity
- May 1, 2031
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- May 31, 2023
- Prepayment premium ends
- October 31, 2030 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Mortgage Capital Holdings LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 2020 East Lincoln Highway, Merrillville, IN 46410
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Rentable area
- 44,135 sq ft
- Built
- 1979, renovated 2020
- Largest tenants
- Burlington Coat Factory
- Value at securitization
- $7.6M (Mar 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.69x | 1.72x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $488K | $501K |
| Debt yield | 11.1% |
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 BANK 2021-BNK34 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.5M | Current | No | 1.72x | 100% |
| August 2026 | $4.5M | Current | No | 1.72x | 100% |
| July 2026 | $4.5M | Current | No | 1.72x | 100% |
| June 2026 | $4.5M | Current | No | 1.72x | 100% |
| May 2026 | $4.5M | Current | No | 1.69x | 100% |
| April 2026 | $4.6M | Current | No | 1.69x | 100% |
| March 2026 | $4.6M | Current | No | 1.69x | 100% |
| February 2026 | $4.6M | Current | No | 1.70x | 100% |
| January 2026 | $4.6M | Current | No | 1.70x | 100% |
| December 2025 | $4.6M | Current | No | 1.70x | 100% |
| November 2025 | $4.6M | Current | No | 1.68x | 100% |
| October 2025 | $4.6M | Current | No | 1.68x | 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 |
|---|---|---|---|---|
| BANK 2021-BNK34 | 35 | $4,508,273 | Sep 2026 | SEC filing, September 29, 2026 |
Other Chicago-Naperville-Elgin loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One North Wacker | Chicago, IL | Office | $353.0M | 2.719% | Oct 2031 | 4.16x | 91% | Current |
| Harvard | Havard, IL | Industrial | $81.0M | 3.716% | Mar 2031 | n/a | n/a | Current |
| The Leo | Chicago, IL | Multifamily | $65.0M | 5.85% | Jun 2031 | n/a | n/a | Current |
| Meadowcreek | Melrose Park, IL | Manufactured housing | $60.0M | 5.98% | Apr 2031 | n/a | n/a | Current |
| Willow Glen | Willow Springs, IL | Multifamily | $58.0M | 6.263% | Jan 2031 | 1.06x | 94% | Current |
| Food4Less - Chicago Heights | Chicago Heights, IL | Retail | $47.0M | 3.165% | Jul 2031 | n/a | n/a | Current |
| Somerset I | Alsip, IL | Multifamily | $42.5M | 3.78% | Dec 2031 | n/a | n/a | With the special servicer |
| Mason Multifamily Portfolio | DeKalb, IL | Multifamily | $36.9M | 3.991% | Jul 2031 | 3.05x | 98% | Current |
All loans maturing in 2031 · 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.