Office · Skokie, Illinois
Fairway Executive Building
Fairway Executive Building is financed with a $6.3M CMBS loan at 4.84% that reaches maturity on November 1, 2028, in 2 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $6,300,000
- Original balance (same notes)
- $6,300,000
- Interest rate
- 4.84% fixed
- Originated
- October 5, 2018
- Maturity
- November 1, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ended
- October 31, 2020
- Prepayment premium ends
- July 31, 2028 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 8707 Skokie Boulevard, Skokie, IL 60077
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Rentable area
- 65,090 sq ft
- Built
- 1969, renovated 2010
- Largest tenants
- Presbyterian Home Manager; Wee Speech P C Julie Levin; BDI Global Llc
- Value at securitization
- $10.9M (Aug 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.61x | 2.22x |
| Occupancy | 97% | 92% |
| Net operating income (annualized from 6 months) | $808K | $692K |
| Debt yield | 11.0% |
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 BANK 2018-BNK15 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
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 97% when the loan was securitized to 92%.
- Net operating income is 14% below the underwritten figure ($692K a year against $808K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.61x at securitization to 2.22x on the latest statements.
- The filing gives Feb 2028 as the lease end date for the largest tenant (Presbyterian Home Manager), 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 | $6.3M | Current | No | 2.22x | 92% |
| August 2026 | $6.3M | Current | No | 2.28x | 89% |
| June 2026 | $6.3M | Current | No | 2.28x | 89% |
| May 2026 | $6.3M | Current | No | 2.28x | 89% |
| April 2026 | $6.3M | Current | No | 2.28x | 89% |
| March 2026 | $6.3M | Current | No | 2.28x | 89% |
| February 2026 | $6.3M | Current | No | 2.28x | 89% |
| January 2026 | $6.3M | Current | No | 2.39x | 89% |
| December 2025 | $6.3M | Current | No | 2.39x | 89% |
| November 2025 | $6.3M | Current | No | 2.40x | 91% |
| October 2025 | $6.3M | Current | No | 2.40x | 91% |
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 |
|---|---|---|---|---|
| BANK 2018-BNK15 | 36 | $6,300,000 | Sep 2026 | SEC filing, September 29, 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 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.