Office · Elgin, Illinois
Elgin Office Campus
Elgin Office Campus is financed with a $11.3M CMBS loan at 5.128% that reaches maturity on August 1, 2028, in 21 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer.
The loan
- Balance in tracked trusts
- $11,306,891
- Original balance (same notes)
- $20,750,000
- Interest rate
- 5.128% fixed
- Originated
- August 1, 2018
- Maturity
- August 1, 2028
- Payments
- Interest only for 12 months, then amortizing
- Prepayment lockout ended
- September 30, 2020
- Prepayment premium ends
- May 31, 2028 (yield maintenance)
- Master servicer
- KeyBank Real Estate Capital
- Originator
- JPMorgan Chase Bank, National Association
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- Transferred October 17, 2023
- Workout strategy
- Foreclosure
- Defeasance
- Partly defeased
The property
- Address
- 2450-2500 Westfield Drive, Elgin, IL 60124
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Rentable area
- 514,313 sq ft
- Built
- 1990
- Largest tenants
- JP Morgan Chase Bank; Advantax Inc.; DJJE Holdings LLC
- Value at securitization
- $42.0M (Jul 2018)
Performance
| At securitization | Latest (Sep 2023) | |
|---|---|---|
| DSCR (NOI) | n/a | 2.44x |
| Occupancy | 92% | 87% |
| Net operating income (annualized from 9 months) | n/a | $3.6M |
| Debt yield | 31.9% |
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 2018-B6 MORTGAGE TRUST filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
- With the special servicer
- Largest tenant's lease ends within 12 months
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 92% when the loan was securitized to 87%.
- The most recent valuation in the filing is $15.4M (October 1, 2024), against $42.0M at securitization.
- The filing gives Aug 2027 as the lease end date for the largest tenant (JP Morgan Chase Bank), 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 | $11.3M | Late payment but less than 30 days delinquent | Yes | 2.44x | 87% |
| August 2026 | $11.4M | 90+ days delinquent | Yes | 2.44x | 87% |
| July 2026 | $11.5M | 90+ days delinquent | Yes | 2.44x | 87% |
| June 2026 | $11.5M | 90+ days delinquent | Yes | 2.44x | 87% |
| May 2026 | $11.7M | 90+ days delinquent | Yes | 2.44x | 87% |
| April 2026 | $11.7M | 90+ days delinquent | Yes | 2.44x | 87% |
| March 2026 | $11.7M | 60-89 days delinquent | Yes | 2.44x | 87% |
| February 2026 | $11.8M | 30-59 days delinquent | Yes | 2.44x | 87% |
| January 2026 | $12.0M | 30-59 days delinquent | Yes | 2.44x | 87% |
| December 2025 | $12.0M | Late payment but less than 30 days delinquent | Yes | 2.44x | 87% |
| November 2025 | $12.1M | 30-59 days delinquent | Yes | 2.44x | 87% |
| October 2025 | $12.2M | 30-59 days delinquent | Yes | 2.44x | 87% |
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 October 17, 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BENCHMARK 2018-B6 MORTGAGE TRUST | 17 | $11,306,891 | Sep 2026 | SEC filing, September 25, 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 |
| Continental Towers | Rolling Meadows, IL | Office | $84.5M | 4.75% | Sep 2028 | 0.31x | 53% | 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 |
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 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.