Multifamily · Chicago, Illinois
East Park Tower
East Park Tower is financed with a $14.8M CMBS loan at 4.48% that reaches maturity on March 1, 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
- $14,850,000
- Original balance (same notes)
- $14,850,000
- Interest rate
- 4.48% fixed
- Originated
- March 1, 2017
- Maturity
- March 1, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ends
- December 31, 2026
- Master servicer
- Trimont LLC
- Originator
- Citigroup Global Markets Realty Corp.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 5242 South Hyde Park Boulevard, Chicago, IL 60615
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Units, rooms or beds
- 135
- Built
- 1922, renovated 2012
- Largest tenants
- FRIEDRICH, KLATT & ASSOCIATES; FABIANACARTER; NEW RAINBOW CLEANER
- Value at securitization
- $23.5M (Jan 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.96x | 1.43x |
| Occupancy | 93% | 69% |
| Net operating income (annualized from 6 months) | $1.3M | $972K |
| Debt yield | 6.6% |
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 CITIGROUP COMMERCIAL MORTGAGE TRUST 2017-P7 filing for the reporting period ending September 10, 2026, filed with the SEC September 30, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% 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 93% when the loan was securitized to 69%.
- Net operating income is 27% below the underwritten figure ($972K a year against $1.3M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.96x at securitization to 1.43x on the latest statements.
- The filing gives Apr 2022 as the lease end date for the largest tenant (FRIEDRICH, KLATT & ASSOCIATES), before the loan matures. Lenders look hard at that rollover.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $14.8M | Current | No | 1.43x | 69% |
| August 2026 | $14.8M | Current | No | 1.34x | 70% |
| July 2026 | $14.8M | Current | No | 1.34x | 70% |
| June 2026 | $14.8M | Current | No | 1.34x | 70% |
| May 2026 | $14.8M | Current | No | 1.29x | 69% |
| April 2026 | $14.8M | Current | No | 1.29x | 69% |
| March 2026 | $14.8M | Current | No | 1.29x | 69% |
| February 2026 | $14.8M | Current | No | 1.29x | 69% |
| January 2026 | $14.8M | Current | No | 1.36x | 66% |
| November 2025 | $14.8M | Current | No | 1.36x | 66% |
| October 2025 | $14.8M | Current | No | 1.36x | 66% |
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 |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2017-P7 | 28 | $14,850,000 | 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 |
| Crossings at Hobart | Merrillville, IN | Retail | $45.5M | 4.84% | Mar 2027 | 1.26x | 93% | 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 |
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 10, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.