Hotel · Tinley Park, Illinois
EVEN Hotel Tinley Park
EVEN Hotel Tinley Park is financed with a $28.5M CMBS loan at 8.50% that reaches maturity on February 6, 2030, in 3 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
- $28,500,000
- Original balance (same notes)
- $28,500,000
- Interest rate
- 8.50% fixed
- Originated
- January 31, 2025
- Maturity
- February 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 5, 2027
- Prepayment premium ends
- August 5, 2029 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- Bank of Montreal
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 18501 Convention Center Drive, Tinley Park, IL 60477
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Units, rooms or beds
- 202
- Built
- 2000, renovated 2020
- Value at securitization
- $47.5M (Nov 2024)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.80x | 0.96x |
| Occupancy | 64% | 63% |
| Net operating income (annualized from 3 months) | $4.4M | $2.4M |
| Debt yield | 8.3% |
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 BMO 2025-5C10 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in every report since August 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
- Net operating income is 46% below the underwritten figure ($2.4M a year against $4.4M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.80x at securitization to 0.96x on the latest statements.
- At 0.96x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $28.5M | Current | No | 0.96x | 63% |
| August 2026 | $28.5M | Current | No | 0.96x | 63% |
| July 2026 | $28.5M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| June 2026 | $28.5M | Current | No | n/a | n/a |
| May 2026 | $28.5M | Current | No | n/a | n/a |
| April 2026 | $28.5M | Current | No | 1.22x | 61% |
| March 2026 | $28.5M | Current | No | 1.22x | 61% |
| February 2026 | $28.5M | Current | No | 1.22x | 61% |
| January 2026 | $28.5M | Current | No | 1.08x | 62% |
| December 2025 | $28.5M | Current | No | 1.08x | 62% |
| November 2025 | $28.5M | Current | No | 0.96x | 59% |
| October 2025 | $28.5M | Current | No | 0.96x | 59% |
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 |
|---|---|---|---|---|
| BMO 2025-5C10 Mortgage Trust | 7 | $28,500,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Chicago-Naperville-Elgin loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Mcdonalds Global Hq | Chicago, IL | Office | $224.8M | 2.935% | Nov 2030 | 1.58x | 98% | Current |
| Grand Plaza | Chicago, IL | Mixed use | $160.0M | 5.56% | Mar 2030 | 1.68x | 61% | Current |
| Soho House Chicago | Chicago, IL | Mixed use | $65.0M | 6.785% | Feb 2030 | 1.94x | 100% | Current |
| 1515 West Webster | Chicago, IL | Office | $56.4M | 6.525% | Aug 2030 | n/a | n/a | Current |
| Ashland Laflin Duo | Chicago, IL | Multifamily | $44.5M | 6.647% | Feb 2030 | n/a | n/a | Current |
| Barry Quad | Chicago, IL | Multifamily | $33.9M | 6.895% | Jun 2030 | 1.25x | 100% | Current |
| Chatham Ridge Shopping Center | Chicago, IL | Retail | $30.5M | 6.81% | Feb 2030 | 1.54x | 100% | Current |
| Walgreens 9 Portfolio | Buffalo Grove, IL | Retail | $30.0M | 3.51% | Oct 2030 | n/a | n/a | Current |
All loans maturing in 2030 · 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.