Retail · Carbondale, Illinois
Carbondale Center
Carbondale Center is financed with a $3.1M CMBS loan at 4.88% that reaches maturity on August 1, 2028, in 21 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,054,183
- Original balance (same notes)
- $3,800,000
- Interest rate
- 4.88% fixed
- Originated
- August 1, 2018
- Maturity
- August 1, 2028
- Payments
- Amortizing over 25 years
- Prepayment lockout ends
- April 30, 2028
- Master servicer
- Wells Fargo
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 915 West Main Street, Carbondale, IL 62901
- Rentable area
- 59,726 sq ft
- Built
- 1997
- Largest tenants
- Schnuck Markets, Inc.; Tobacco & Vape; South Pointe Financial Corporation
- Value at securitization
- $5.9M (Jun 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.18x | 1.15x |
| Occupancy | 100% | 97% |
| Net operating income (annualized from 6 months) | $573K | $610K |
| Debt yield | 20.0% |
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 Morgan Stanley Capital I Trust 2018-L1 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Coverage down 0.25x or more from securitization
- 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 6% above the underwritten figure ($610K a year against $573K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.18x at securitization to 1.15x on the latest statements.
- The filing gives Aug 2027 as the lease end date for the largest tenant (Schnuck Markets, Inc.), 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 | $3.1M | Current | No | 1.15x | 97% |
| August 2026 | $3.1M | Current | No | 1.79x | 97% |
| July 2026 | $3.1M | Late payment but less than 30 days delinquent | No | 1.79x | 97% |
| June 2026 | $3.1M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| May 2026 | $3.1M | Current | No | n/a | n/a |
| April 2026 | $3.1M | Current | No | 1.15x | 97% |
| March 2026 | $3.1M | Current | No | 1.15x | 97% |
| February 2026 | $3.1M | Current | No | 1.15x | 97% |
| January 2026 | $3.1M | Current | No | 1.46x | 97% |
| December 2025 | $3.1M | Current | No | 1.46x | 97% |
| November 2025 | $3.1M | Current | No | 1.46x | 97% |
| October 2025 | $3.2M | Current | No | 1.46x | 97% |
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 |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2018-L1 | 45 | $3,054,183 | Sep 2026 | SEC filing, October 2, 2026 |
Other Illinois loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 333 S Wabash | Chicago, IL | Office | $99.7M | 3.53% | Sep 2028 | 1.70x | 81% | Current |
| Westbrook Corporate Center | Westchester, IL | Office | $86.4M | 4.86% | Jun 2028 | 1.30x | 68% | With the special servicer and 90+ days delinquent |
| Continental Towers | Rolling Meadows, IL | Office | $84.5M | 4.75% | Sep 2028 | 0.31x | 53% | With the special servicer and 90+ days delinquent |
| Executive Towers West | Downers Grove, IL | Office | $54.2M | 4.85% | Aug 2028 | 1.23x | 63% | Current |
| The Buckingham | Chicago, IL | Multifamily | $42.3M | 5.522% | Aug 2028 | 1.18x | n/a | With the special servicer and 90+ days delinquent |
| Oak Creek Center | Lombard, IL | Office | $34.6M | 4.80% | Mar 2028 | n/a | n/a | Current |
| One Parkway North Fee | Deerfield, IL | Other | $24.5M | 4.282% | Jan 2028 | 1.91x | 81% | With the special servicer and 90+ days delinquent |
| Willows Hotel Chicago | Chicago, IL | Hotel | $20.7M | 5.155% | Jan 2028 | n/a | n/a | 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.