Retail · Merrillville, Indiana
Crossings at Hobart
Public CMBS trusts hold $45.5M of the loan on Crossings at Hobart at 4.84% that reaches maturity on March 6, 2027, in 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $45,492,730
- Original balance (same notes)
- $57,000,000
- Interest rate
- 4.84% fixed
- Originated
- March 3, 2017
- Maturity
- March 6, 2027
- Payments
- Amortizing over 28 years
- Prepayment lockout ended
- June 5, 2019
- Prepayment premium ends
- November 5, 2026 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- RMF
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 1939-3101 East 80th Avenue, Merrillville, IN 46410
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Rentable area
- 772,383 sq ft
- Built
- 1988, renovated 2016
- Largest tenants
- Walmart Real Estate; Hobby Lobby; Dick's Sporting Goods
- Value at securitization
- $91.8M (Apr 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.53x | 1.26x |
| Occupancy | 98% | 93% |
| Net operating income (annualized from 6 months) | $5.7M | $4.8M |
| Debt yield | 10.5% |
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 CFCRE 2017-C8 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 2026.
- Coverage down 0.25x or more from securitization
- Matures 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
- Occupancy has fallen from 98% when the loan was securitized to 93%.
- Net operating income is 17% below the underwritten figure ($4.8M a year against $5.7M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.53x at securitization to 1.26x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $45.5M | Current | No | 1.26x | 93% |
| August 2026 | $45.6M | Current | No | 1.19x | 93% |
| July 2026 | $45.7M | Current | No | 1.19x | 93% |
| June 2026 | $45.9M | Current | No | 1.23x | 94% |
| May 2026 | $46.0M | Current | No | 1.23x | 94% |
| April 2026 | $46.1M | Current | No | 1.23x | 94% |
| March 2026 | $46.2M | Current | No | 1.22x | 94% |
| February 2026 | $46.4M | Current | No | 1.22x | 94% |
| January 2026 | $46.5M | Current | No | 1.22x | 94% |
| December 2025 | $46.6M | Current | No | 1.22x | 94% |
| November 2025 | $46.7M | Current | No | 1.25x | 93% |
| October 2025 | $46.9M | Current | No | 1.25x | 93% |
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
The loan is split into 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CFCRE 2017-C8 Mortgage Trust | 3 | $31,924,723 | Sep 2026 | SEC filing, September 30, 2026 |
| Wells Fargo Commercial Mortgage Trust 2017-C38 | 27 | $11,173,653 | Sep 2026 | SEC filing, September 29, 2026 |
| CFCRE 2017-C8 Mortgage Trust | 3A | $2,394,354 | Sep 2026 | SEC filing, September 30, 2026 |
Other Chicago-Naperville-Elgin loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Old Chicago Post Office | Chicago, IL | Office | $125.0M | 3.47% | Jan 2027 | n/a | n/a | Current |
| University Center Chicago | Chicago, IL | Multifamily | $120.6M | 3.92% | Aug 2027 | 3.25x | 99% | Current |
| Prudential Plaza, Chicago (2027 maturity), loan 5 in CD 2017-CD3 Mortgage Trust | Chicago, IL | Office | $65.0M | 4.61% | Aug 2027 | 1.82x | 63% | Current |
| Radisson Blu Aqua Hotel | Chicago, IL | Hotel | $64.0M | 4.597% | Nov 2027 | 2.19x | 70% | Current |
| Prudential Plaza, Chicago (2027 maturity), loan 3 in JPMDB Commercial Mortgage Securities Trust 2017-C5 | Chicago, IL | Office | $60.4M | 4.61% | Aug 2027 | 1.82x | 63% | Current |
| Lincolnshire Commons | Lincolnshire, IL | Mixed use | $40.5M | 4.46% | Aug 2027 | 1.21x | 70% | Current |
| Calumet Business Center | Chicago, IL | Industrial | $28.5M | 4.305% | Feb 2027 | 1.08x | 81% | Current |
| Hilton Garden Inn Chicago/north Loop | Chicago, IL | Hotel | $27.8M | 4.80% | Jun 2027 | 2.24x | 77% | Current |
All loans maturing in 2027 · 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.