Office · Rolling Meadows, Illinois
Continental Towers
Public CMBS trusts hold $84.5M of the loan on Continental Towers at 4.75% that reaches maturity on September 6, 2028, in 22 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $84,500,000
- Original balance (same notes)
- $84,500,000
- Interest rate
- 4.75% fixed
- Originated
- August 9, 2018
- Maturity
- September 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ended
- December 5, 2020
- Master servicer
- Trimont LLC
- Originator
- Column Financial, Inc.
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred April 25, 2023
- Workout strategy
- TBD
- Defeasance
- None reported
The property
- Address
- 1701 West Golf Road, Rolling Meadows, IL 60008
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Rentable area
- 910,717 sq ft
- Built
- 1978, renovated 2018
- Largest tenants
- Cellco Partnership d/b/a Verizon Wireless; Cellco Partnership d/b/a Verizon Wireless; Rational Cooking Systems
- Value at securitization
- $121.7M (Jul 2018)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.72x | 0.31x |
| Occupancy | 89% | 53% |
| Net operating income | $11.1M | $1.2M |
| Debt yield | 1.5% |
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 CSAIL 2018-C14 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
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 89% when the loan was securitized to 53%.
- Net operating income is 89% below the underwritten figure ($1.2M a year against $11.1M).
- Debt service coverage moved from 2.72x at securitization to 0.31x on the latest statements.
- At 0.31x, the property's reported NOI does not cover its debt service.
- The most recent valuation in the filing is $68.8M (February 20, 2026), against $121.7M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $84.5M | 90+ days delinquent | Yes | 0.31x | 53% |
| August 2026 | $84.5M | 90+ days delinquent | Yes | 0.31x | 53% |
| July 2026 | $84.5M | 90+ days delinquent | Yes | 0.31x | 53% |
| June 2026 | $84.5M | 90+ days delinquent | Yes | 0.31x | 53% |
| May 2026 | $84.5M | 90+ days delinquent | Yes | 0.94x | 51% |
| April 2026 | $84.5M | 90+ days delinquent | Yes | 0.94x | 51% |
| March 2026 | $84.5M | 90+ days delinquent | Yes | 0.94x | 51% |
| February 2026 | $84.5M | 90+ days delinquent | Yes | 0.94x | 51% |
| January 2026 | $84.5M | 90+ days delinquent | Yes | 0.94x | 51% |
| December 2025 | $84.5M | 90+ days delinquent | Yes | 0.94x | 51% |
| November 2025 | $84.5M | 90+ days delinquent | Yes | 0.94x | 51% |
| October 2025 | $84.5M | 90+ days delinquent | Yes | 0.94x | 51% |
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.
Special-servicing history
- Transferred to the special servicer April 25, 2023, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
The loan is split into 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CSAIL 2018-C14 Commercial Mortgage Trust | 3 | $44,500,000 | Sep 2026 | SEC filing, September 28, 2026 |
| CSAIL 2019-C15 Commercial Mortgage Trust | 13 | $25,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| CSAIL 2018-C14 Commercial Mortgage Trust | 3A | $15,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Chicago-Naperville-Elgin 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 |
| 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 |
| Shops at Fox River | McHenry, IL | Retail | $19.9M | 4.565% | May 2028 | 2.59x | 88% | Current |
All loans maturing in 2028 · 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.