Self storage · Crystal Lake, Illinois
Liberty Self Storage
Liberty Self Storage is financed with a $3.1M CMBS loan at 3.51% that reaches maturity on September 1, 2030, in 3 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,100,000
- Original balance (same notes)
- $3,100,000
- Interest rate
- 3.51% fixed
- Originated
- August 5, 2020
- Maturity
- September 1, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- May 31, 2030
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 4114 Illinios Route 176; 171 Erick Street; 4506 Ray Street, Crystal Lake, IL 60014
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Rentable area
- 106,730 sq ft
- Units, rooms or beds
- 704
- Built
- 1976
- Value at securitization
- $6.2M (Jun 2020)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.98x | 2.75x |
| Occupancy | 92% | 91% |
| Net operating income (annualized from 6 months) | $439K | $306K |
| Debt yield | 9.9% |
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 BANK 2020-BNK28 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- NOI down 20% 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
- Net operating income is 30% below the underwritten figure ($306K a year against $439K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 3.98x at securitization to 2.75x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.1M | Current | No | 2.75x | 91% |
| August 2026 | $3.1M | Current | No | 2.75x | 91% |
| July 2026 | $3.1M | Current | No | 2.66x | 93% |
| June 2026 | $3.1M | Current | No | 2.66x | 93% |
| May 2026 | $3.1M | Current | No | 1.62x | 93% |
| April 2026 | $3.1M | Current | No | 1.62x | 93% |
| March 2026 | $3.1M | Current | No | 1.62x | 93% |
| February 2026 | $3.1M | Current | No | 2.57x | 92% |
| January 2026 | $3.1M | Current | No | 2.57x | 92% |
| December 2025 | $3.1M | Current | No | 2.57x | 92% |
| November 2025 | $3.1M | Current | No | 2.37x | 92% |
| October 2025 | $3.1M | Current | No | 2.37x | 92% |
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 |
|---|---|---|---|---|
| BANK 2020-BNK28 | 42 | $3,100,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Chicago-Naperville-Elgin loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Mcdonalds Global Hq | Chicago, IL | Office | $224.8M | 2.935% | Nov 2030 | 1.58x | 98% | Current |
| Grand Plaza | Chicago, IL | Mixed use | $160.0M | 5.56% | Mar 2030 | 1.68x | 61% | Current |
| Soho House Chicago | Chicago, IL | Mixed use | $65.0M | 6.785% | Feb 2030 | 1.94x | 100% | Current |
| 1515 West Webster | Chicago, IL | Office | $56.4M | 6.525% | Aug 2030 | n/a | n/a | Current |
| Ashland Laflin Duo | Chicago, IL | Multifamily | $44.5M | 6.647% | Feb 2030 | n/a | n/a | Current |
| Barry Quad | Chicago, IL | Multifamily | $33.9M | 6.895% | Jun 2030 | 1.25x | 100% | Current |
| Chatham Ridge Shopping Center | Chicago, IL | Retail | $30.5M | 6.81% | Feb 2030 | 1.54x | 100% | Current |
| Walgreens 9 Portfolio | Buffalo Grove, IL | Retail | $30.0M | 3.51% | Oct 2030 | n/a | n/a | Current |
All loans maturing in 2030 · 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.