Retail · Westlake, Ohio
Crocker Park Phase 3
Crocker Park Phase 3 is financed with a $18.0M CMBS loan at 4.536% that reaches maturity on February 6, 2032, in 5 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $18,003,402
- Original balance (same notes)
- $19,500,000
- Interest rate
- 4.536% fixed
- Originated
- February 4, 2022
- Maturity
- February 6, 2032
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- September 5, 2031
- Master servicer
- Midland Loan Services
- Originator
- JPMorgan Chase Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 201 & 203 Market St 218-307 Main St., Westlake, OH 44145
- Metro
- Cleveland, OH
- Rentable area
- 110,352 sq ft
- Built
- 2015
- Largest tenants
- H&M; World Market; L. L. Bean
- Value at securitization
- $31.7M (Oct 2021)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.64x | 2.06x |
| Occupancy | 93% | 89% |
| Net operating income (annualized from 3 months) | $2.0M | $2.5M |
| Debt yield | 13.8% |
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-B33 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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 fallen from 93% when the loan was securitized to 89%.
- Net operating income is 27% above the underwritten figure ($2.5M a year against $2.0M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.64x at securitization to 2.06x on the latest statements.
- The filing gives Jan 2029 as the lease end date for the largest tenant (H&M), 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 | $18.0M | Current | No | 2.06x | 89% |
| August 2026 | $18.0M | Current | No | 2.06x | 89% |
| July 2026 | $18.1M | Current | No | 2.06x | 89% |
| June 2026 | $18.1M | Current | No | n/a | n/a |
| May 2026 | $18.1M | Current | No | n/a | n/a |
| April 2026 | $18.2M | Current | No | 1.76x | 97% |
| March 2026 | $18.2M | Current | No | 1.79x | 100% |
| February 2026 | $18.2M | Current | No | 1.79x | 100% |
| January 2026 | $18.2M | Current | No | 1.79x | 100% |
| December 2025 | $18.3M | Current | No | 1.75x | 84% |
| November 2025 | $18.3M | Current | No | 1.75x | 84% |
| October 2025 | $18.3M | Current | No | 1.75x | 84% |
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-B33 Mortgage Trust | 20 | $18,003,402 | Sep 2026 | SEC filing, September 28, 2026 |
Other Cleveland loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Midway Market Square | Elyria, OH | Retail | $12.7M | 4.41% | Feb 2032 | 1.52x | 89% | Current |
| Elyria Industrial | Elyria, OH | Industrial | $8.2M | 6.275% | Sep 2032 | 1.38x | 81% | Current |
| Triskett Road Self Storage | Cleveland, OH | Self storage | $6.5M | 3.923% | Feb 2032 | 2.66x | 92% | Current |
| Orange Professional Building | Orange, OH | Office | $3.9M | 4.25% | Apr 2032 | 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.