Retail · Lemont, Illinois
Centennial Plaza, Lemont
Centennial Plaza is financed with a $5.4M CMBS loan at 3.81% that reaches maturity on January 6, 2029, in 2 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,361,753
- Original balance (same notes)
- $5,474,250
- Interest rate
- 3.81%
- Originated
- n/a
- Maturity
- January 6, 2029
- Payments
- Amortizing over 30 years
- Master servicer
- KeyBank Real Estate Capital
- Originator
- BMO
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1212-1264 State Street, Lemont, IL 60439
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Rentable area
- 38,500 sq ft
- Built
- 1997
- Largest tenants
- Anytime Fitness; Fork & Spoon; 4Music Inc. DBA School of Roc
- Value at securitization
- $8.2M (Oct 2021)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | n/a | 2.37x |
| Occupancy | 87% | 100% |
| Net operating income | n/a | $595K |
| 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 BMO 2022-C1 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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.
What the filing shows
- Occupancy has risen from 87% when the loan was securitized to 100%.
- The filing gives Mar 2028 as the lease end date for the largest tenant (Anytime Fitness), 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 | $5.4M | Not reported | No | 2.37x | 100% |
| August 2026 | $5.4M | Not reported | No | 2.37x | 100% |
| July 2026 | $5.4M | Not reported | No | 2.37x | 100% |
| June 2026 | $5.4M | Not reported | No | 2.37x | 92% |
| May 2026 | $5.4M | Not reported | No | 2.37x | 100% |
| April 2026 | $5.4M | Not reported | No | 2.82x | 100% |
| March 2026 | $5.4M | Not reported | No | 2.82x | 100% |
| February 2026 | $5.4M | Not reported | No | 2.82x | 100% |
| January 2026 | $5.4M | Not reported | No | 2.82x | 100% |
| December 2025 | $5.4M | Not reported | No | 2.82x | 100% |
| November 2025 | $5.4M | Not reported | No | 2.82x | 100% |
| October 2025 | $5.5M | Not reported | No | 2.82x | 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 |
|---|---|---|---|---|
| BMO 2022-C1 Mortgage Trust | 36 | $5,361,753 | Sep 2026 | SEC filing, October 2, 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.