Retail · Palatine, Illinois
Mariano's Palatine
Mariano's Palatine is financed with a $20.3M CMBS loan at 4.836% that reaches maturity on December 6, 2027, in 13 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $20,317,500
- Original balance (same notes)
- $20,317,500
- Interest rate
- 4.836% fixed
- Originated
- November 28, 2017
- Maturity
- December 6, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 5, 2027
- Master servicer
- Midland
- Originator
- LoanCore Capital Markets LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 545 North Hicks Road, Palatine, IL 60067
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Rentable area
- 71,324 sq ft
- Built
- 2012
- Largest tenants
- Marianos
- Value at securitization
- $29.9M (Oct 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.70x | 1.81x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $1.7M | $3.6M |
| Debt yield | 17.9% |
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 COMM 2018-COR3 Mortgage Trust filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 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 114% above the underwritten figure ($3.6M a year against $1.7M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.70x at securitization to 1.81x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $20.3M | Current | No | 1.81x | 100% |
| August 2026 | $20.3M | Current | No | 1.81x | 100% |
| July 2026 | $20.3M | Current | No | n/a | n/a |
| June 2026 | $20.3M | Current | No | n/a | n/a |
| May 2026 | $20.3M | Current | No | n/a | n/a |
| April 2026 | $20.3M | Current | No | 1.81x | 100% |
| March 2026 | $20.3M | Current | No | 1.81x | 100% |
| February 2026 | $20.3M | Current | No | 1.81x | 100% |
| January 2026 | $20.3M | Current | No | 1.81x | 100% |
| December 2025 | $20.3M | Current | No | 1.81x | 100% |
| November 2025 | $20.3M | Current | No | 1.81x | 100% |
| October 2025 | $20.3M | Current | No | 1.81x | 100% |
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 |
|---|---|---|---|---|
| COMM 2018-COR3 Mortgage Trust | 17 | $20,317,500 | Sep 2026 | SEC filing, September 25, 2026 |
Other Chicago-Naperville-Elgin loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Old Chicago Post Office | Chicago, IL | Office | $125.0M | 3.47% | Jan 2027 | n/a | n/a | Current |
| University Center Chicago | Chicago, IL | Multifamily | $120.6M | 3.92% | Aug 2027 | 3.25x | 99% | Current |
| Prudential Plaza, Chicago (2027 maturity), loan 5 in CD 2017-CD3 Mortgage Trust | Chicago, IL | Office | $65.0M | 4.61% | Aug 2027 | 1.82x | 63% | Current |
| Radisson Blu Aqua Hotel | Chicago, IL | Hotel | $64.0M | 4.597% | Nov 2027 | 2.19x | 70% | Current |
| Prudential Plaza, Chicago (2027 maturity), loan 3 in JPMDB Commercial Mortgage Securities Trust 2017-C5 | Chicago, IL | Office | $60.4M | 4.61% | Aug 2027 | 1.82x | 63% | Current |
| Crossings at Hobart | Merrillville, IN | Retail | $45.5M | 4.84% | Mar 2027 | 1.26x | 93% | Current |
| Lincolnshire Commons | Lincolnshire, IL | Mixed use | $40.5M | 4.46% | Aug 2027 | 1.21x | 70% | Current |
| Calumet Business Center | Chicago, IL | Industrial | $28.5M | 4.305% | Feb 2027 | 1.08x | 81% | Current |
All loans maturing in 2027 · 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 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.