Multifamily · Lisle, Illinois
Lakeside Apartments
Public CMBS trusts hold $70.0M of the loan on Lakeside Apartments at 4.935% that reaches maturity on March 6, 2029, in 2 years and 4 months. As of the Sep 2026 and Oct 2026 servicer reports its status is current.
The loan
- Balance in tracked trusts
- $70,000,000
- Original balance (same notes)
- $70,000,000
- Interest rate
- 4.935% fixed
- Originated
- March 1, 2019
- Maturity
- March 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- December 5, 2028
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 4800 Lake Trail Dr, Lisle, IL 60532
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Units, rooms or beds
- 568
- Built
- 1971, renovated 2018
- Value at securitization
- $101.5M (Dec 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.67x | 1.98x |
| Occupancy | 97% | 95% |
| Net operating income (annualized from 6 months) | $5.8M | $13.9M |
| 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 GS Mortgage Securities Trust 2019-GC39 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
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 138% above the underwritten figure ($13.9M a year against $5.8M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.67x at securitization to 1.98x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $35.0M | Current | No | 1.98x | 95% |
| September 2026 | $70.0M | Current | No | 2.00x | 92% |
| August 2026 | $70.0M | Current | No | 2.00x | 92% |
| July 2026 | $70.0M | Current | No | 2.00x | 92% |
| June 2026 | $70.0M | Current | No | 2.00x | 92% |
| May 2026 | $70.0M | Current | No | n/a | n/a |
| April 2026 | $70.0M | Current | No | 2.08x | 92% |
| March 2026 | $70.0M | Current | No | 2.09x | 96% |
| February 2026 | $70.0M | Current | No | 2.09x | 96% |
| January 2026 | $70.0M | Current | No | 2.09x | 96% |
| December 2025 | $70.0M | Current | No | 2.09x | 96% |
| November 2025 | $70.0M | Current | No | 2.10x | 96% |
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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| GS Mortgage Securities Trust 2019-GC39 | 8 | $35,000,000 | Oct 2026 | SEC filing, October 22, 2026 |
| Benchmark 2019-B11 Mortgage Trust | 12 | $35,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Chicago-Naperville-Elgin loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Millennium Park Plaza | Chicago, IL | Mixed use | $210.0M | 3.66% | Aug 2029 | 1.66x | 73% | Current |
| 101 45th Street | Munster, IN | Industrial | $138.8M | 3.231% | Dec 2029 | n/a | n/a | Current |
| City Hyde Park | Chicago, IL | Multifamily | $108.7M | 4.70% | Oct 2029 | 1.03x | 83% | Current |
| 5452-5466 S. Ellis Avenue | Chicago, IL | Multifamily | $106.8M | 4.554% | Feb 2029 | n/a | n/a | Current |
| 3500 Lacey Road | Downers Grove, IL | Office | $85.8M | 4.35% | Dec 2029 | 2.39x | 95% | Current |
| Hilton Garden Inn & Canopy - Chicago Central Loop | Chicago, IL | Healthcare | $65.0M | 7.60% | Jun 2029 | 1.93x | 74% | Current |
| The Elston Retail Collection | Chicago, IL | Retail | $57.1M | 3.65% | Nov 2029 | 1.40x | 100% | With the special servicer |
| Solstice on the Park | Chicago, IL | Multifamily | $45.0M | 2.75% | Jul 2029 | 2.78x | 90% | Current |
All loans maturing in 2029 · 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 11, 2026, October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.