Mixed use · Chicago, Illinois
Kinzie Design Center
Kinzie Design Center is financed with a $15.4M CMBS loan at 4.73% that reaches maturity on April 1, 2028, in 17 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $15,400,000
- Original balance (same notes)
- $15,400,000
- Interest rate
- 4.73% fixed
- Originated
- March 5, 2018
- Maturity
- April 1, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 31, 2028
- Master servicer
- Trimont LLC
- Originator
- KeyBank National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 218-230 West Kinzie Street and 401 North Franklin Street, Chicago, IL 60654
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Rentable area
- 76,053 sq ft
- Built
- 1880, renovated 2008
- Largest tenants
- Chartis Group LLC; 218 KINZIE RESTAURAN; INTERNATIONAL ORANGE
- Value at securitization
- $31.0M (Jan 2018)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.23x | 2.53x |
| Occupancy | 94% | 87% |
| Net operating income | $1.7M | $1.9M |
| Debt yield | 12.1% |
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 UBS Commercial Mortgage Trust 2018-C10 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Largest tenant's lease ends within 12 months
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 94% when the loan was securitized to 87%.
- Net operating income is 13% above the underwritten figure ($1.9M a year against $1.7M).
- Debt service coverage moved from 2.23x at securitization to 2.53x on the latest statements.
- The filing gives Jul 2027 as the lease end date for the largest tenant (Chartis Group LLC), 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 | $15.4M | Current | No | 2.53x | 87% |
| August 2026 | $15.4M | Current | No | 2.53x | 87% |
| July 2026 | $15.4M | Current | No | 2.53x | 87% |
| June 2026 | $15.4M | Current | No | 2.53x | 87% |
| May 2026 | $15.4M | Current | No | 2.53x | 87% |
| April 2026 | $15.4M | Current | No | 2.53x | 87% |
| March 2026 | $15.4M | Current | No | 2.80x | 90% |
| February 2026 | $15.4M | Current | No | 2.80x | 90% |
| January 2026 | $15.4M | Current | No | 2.80x | 90% |
| December 2025 | $15.4M | Current | No | 2.80x | 90% |
| November 2025 | $15.4M | Current | No | 1.95x | 91% |
| October 2025 | $15.4M | Current | No | 1.95x | 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 |
|---|---|---|---|---|
| UBS Commercial Mortgage Trust 2018-C10 | 18 | $15,400,000 | 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.