Multifamily · Chicago, Illinois
Lake Park Apartments
Lake Park Apartments is financed with a $7.3M CMBS loan at 5.285% that reaches maturity on July 1, 2028, in 20 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $7,292,323
- Original balance (same notes)
- $8,200,000
- Interest rate
- 5.285% fixed
- Originated
- June 28, 2018
- Maturity
- July 1, 2028
- Payments
- Interest only for 12 months, then amortizing
- Prepayment lockout ends
- March 31, 2028
- Master servicer
- Trimont LLC
- Originator
- MSBNA
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- Transferred March 14, 2025, returned March 4, 2026
- Workout strategy
- Resolved
- Modified
- Yes, most recently November 3, 2025
- Defeasance
- None reported
The property
- Address
- 4612-4626 South Lake Park Avenue, Chicago, IL 60653
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Units, rooms or beds
- 48
- Built
- 1913, renovated 2018
- Value at securitization
- $11.4M (May 2018)
Performance
| At securitization | Latest (Sep 2025) | |
|---|---|---|
| DSCR (NOI) | 1.28x | 1.51x |
| Occupancy | 100% | 98% |
| Net operating income (annualized from 9 months) | $698K | $824K |
| Debt yield | 11.3% |
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 BANK 2018-BNK14 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- 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 18% above the underwritten figure ($824K a year against $698K; the latest statement covers 9 months, annualized).
- Debt service coverage moved from 1.28x at securitization to 1.51x on the latest statements.
- The most recent valuation in the filing is $11.0M (July 29, 2025), against $11.4M at securitization.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.3M | Late payment but less than 30 days delinquent | No | 1.51x | 98% |
| August 2026 | $7.3M | Late payment but less than 30 days delinquent | No | 1.51x | 98% |
| July 2026 | $7.3M | Late payment but less than 30 days delinquent | No | 1.51x | 98% |
| May 2026 | $7.3M | Current | No | 1.51x | 98% |
| April 2026 | $7.3M | Current | No | 1.51x | 98% |
| March 2026 | $7.4M | Current | Yes | 1.51x | 98% |
| February 2026 | $7.4M | Late payment but less than 30 days delinquent | Yes | 1.51x | 98% |
| January 2026 | $7.4M | Current | Yes | 1.62x | 96% |
| December 2025 | $7.4M | Current | Yes | 1.62x | 96% |
| November 2025 | $7.5M | 90+ days delinquent | Yes | 1.62x | 96% |
| October 2025 | $7.5M | 90+ days delinquent | Yes | 1.70x | 94% |
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 March 14, 2025, returned to the master servicer March 4, 2026.
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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2018-BNK14 | 39 | $7,292,323 | Sep 2026 | SEC filing, October 1, 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.