Retail · Gurnee, Illinois
Gurnee Mills
Public CMBS trusts hold $89.0M of the loan on Gurnee Mills at 3.99% that reaches maturity on October 1, 2026, this month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $89,026,946
- Original balance (same notes)
- $95,000,000
- Interest rate
- 3.99% fixed
- Originated
- September 27, 2016
- Maturity
- October 1, 2026
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- March 31, 2026
- Master servicer
- Trimont LLC
- Originator
- Regions Bank
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred June 1, 2020, returned May 11, 2021
- Workout strategy
- Resolved
- Modified
- Yes, most recently May 1, 2020
- Defeasance
- None reported
The property
- Address
- 6170 West Grand Avenue, Gurnee, IL 60031
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Rentable area
- 1,684,040 sq ft
- Built
- 1991, renovated 2014
- Largest tenants
- Bass Pro Shops Outdoor; Macy's; Kohl's Department Stores Inc.
- Value at securitization
- $417.0M (Aug 2016)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.69x | 2.27x |
| Occupancy | 93% | 91% |
| Net operating income (annualized from 6 months) | $26.6M | $23.8M |
| Debt yield | 26.7% |
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 CD 2017-CD5 MORTGAGE TRUST filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 2026.
- Past maturity
- Modified
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 11% below the underwritten figure ($23.8M a year against $26.6M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.69x at securitization to 2.27x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $89.0M | Current | No | 2.27x | 91% |
| August 2026 | $89.0M | Current | No | 2.22x | 91% |
| July 2026 | $89.0M | Current | No | 2.22x | 91% |
| June 2026 | $89.0M | Current | No | 2.22x | 91% |
| May 2026 | $89.0M | Current | No | 2.01x | 91% |
| April 2026 | $89.0M | Current | No | 2.01x | 91% |
| March 2026 | $89.0M | Current | No | 2.01x | 91% |
| February 2026 | $89.0M | Current | No | 2.01x | 91% |
| January 2026 | $89.0M | Current | No | 2.01x | 91% |
| December 2025 | $89.0M | Current | No | 2.05x | 90% |
| November 2025 | $89.0M | Current | No | 2.05x | 90% |
| October 2025 | $89.0M | Current | No | 2.05x | 90% |
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 June 1, 2020, returned to the master servicer May 11, 2021.
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
The loan is split into 5 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CSMC 2016-NXSR Commercial Mortgage Trust | 3 | $32,799,401 | Sep 2026 | SEC filing, September 28, 2026 |
| CSMC 2016-NXSR Commercial Mortgage Trust | 3A | $23,428,144 | Sep 2026 | SEC filing, September 28, 2026 |
| CD 2017-CD5 MORTGAGE TRUST | 17 | $18,742,515 | Sep 2026 | SEC filing, September 30, 2026 |
| CD 2017-CD6 Mortgage Trust | 27A | $9,371,257 | Sep 2026 | SEC filing, September 25, 2026 |
| CD 2017-CD6 Mortgage Trust | 27 | $4,685,629 | Sep 2026 | SEC filing, September 25, 2026 |
Other Chicago-Naperville-Elgin loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Aon Center | Chicago, IL | Office | $136.0M | 4.627% | Jul 2026 | 4.11x | 66% | Past maturity and not performing |
| Riverway | Rosemont, IL | Office | $114.6M | 4.96% | Dec 2026 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 181 West Madison Street | Chicago, IL | Office | $84.4M | 3.90% | Dec 2026 | n/a | n/a | With the special servicer |
| 625 North Michigan Avenue | Chicago, IL | Office | $50.6M | 4.63% | Mar 2026 | 1.33x | 64% | Past maturity and not performing |
| Mariano's - Bronzeville | Chicago, IL | Retail | $19.0M | 4.155% | Nov 2026 | n/a | n/a | Current |
| Cicero Industrial | Cicero, IL | Industrial | $16.7M | 4.25% | Nov 2026 | 3.22x | 93% | Current |
| 2233 South Throop Street | Chicago, IL | Industrial | $15.0M | 3.34% | Oct 2026 | 3.09x | 100% | Current |
| Ontario City Centre | Chicago, IL | Mixed use | $14.5M | 4.72% | Dec 2026 | 2.36x | 100% | Current |
All loans maturing in 2026 · All Chicago-Naperville-Elgin loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting periods ending September 9, 2026, September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.