Retail · Oak Lawn, Illinois
Jewel Osco & State Road Plaza
Jewel Osco & State Road Plaza is financed with a $8.3M CMBS loan at 4.85% that reaches maturity on October 5, 2028, in 23 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $8,309,927
- Original balance (same notes)
- $9,200,000
- Interest rate
- 4.85% fixed
- Originated
- September 7, 2018
- Maturity
- October 5, 2028
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ended
- April 4, 2021
- Originator
- Grass River Real Estate Credit Partners Loan Funding, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 8707A & B 8767 S. Ridgeland Ave, Oak Lawn, IL 60453
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Rentable area
- 54,583 sq ft
- Built
- 1965, renovated 2012
- Largest tenants
- Hour of Change Fitness; Dollar Tree; Pet Supplies Plus
- Value at securitization
- $14.9M (Aug 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.79x | 1.41x |
| Occupancy | 79% | 91% |
| Net operating income (annualized from 6 months) | $1.0M | $1.7M |
| Debt yield | 19.9% |
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 CSAIL 2019-C15 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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 risen from 79% when the loan was securitized to 91%.
- Net operating income is 59% above the underwritten figure ($1.7M a year against $1.0M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.79x at securitization to 1.41x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.3M | Current | No | 1.41x | 91% |
| August 2026 | $8.3M | Current | No | 1.38x | 91% |
| July 2026 | $8.3M | Current | No | 1.38x | 95% |
| June 2026 | $8.4M | Current | No | 1.38x | 95% |
| May 2026 | $8.4M | Current | No | n/a | n/a |
| April 2026 | $8.4M | Current | No | 1.31x | 91% |
| March 2026 | $8.4M | Current | No | 1.31x | 91% |
| February 2026 | $8.4M | Current | No | 1.31x | 91% |
| January 2026 | $8.4M | Current | No | 1.50x | 85% |
| December 2025 | $8.4M | Current | No | 1.50x | 85% |
| November 2025 | $8.5M | Current | No | 1.50x | 85% |
| October 2025 | $8.5M | Current | No | 1.52x | 86% |
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 |
|---|---|---|---|---|
| CSAIL 2019-C15 Commercial Mortgage Trust | 28 | $8,309,927 | Sep 2026 | SEC filing, September 28, 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.