Industrial portfolio, 5 properties · Manteno, Illinois
Memphis and Chicago Industrial Portfolio
This portfolio is financed with a $75.0M CMBS loan at 6.78% that reaches maturity on July 6, 2029, in 2 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $75,000,000
- Original balance (same notes)
- $75,000,000
- Interest rate
- 6.78% fixed
- Originated
- July 2, 2024
- Maturity
- July 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- May 5, 2029
- 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
- 8374 North 4000E Road, Manteno, IL 60950
- Value at securitization
- $134.3M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 3 months) | $8.4M | $5.5M |
| Debt yield | 7.4% |
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 Benchmark 2024-V9 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- 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 34% below the underwritten figure ($5.5M a year against $8.4M; the latest statement covers 3 months, annualized).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Memphis and Chicago Industrial Portfolio | Manteno, IL | Warehouse | 99% | 1.06x |
| 255 and 440 E Brooks Rd | Memphis, TN | Warehouse | n/a | n/a |
| 8800 Rostin Road | Southaven, MS | Warehouse | n/a | n/a |
| 3900 and 4100 Willow Lake Blvd | Memphis, TN | Warehouse | n/a | n/a |
| 3021, 3077, 3091, 3095 and 3105 East 98th Street | Carmel, IN | Warehouse | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $75.0M | Current | No | 1.06x | 99% |
| August 2026 | $75.0M | Current | No | 1.06x | 100% |
| July 2026 | $75.0M | Current | No | 1.06x | 100% |
| June 2026 | $75.0M | Current | No | 1.06x | 100% |
| May 2026 | $75.0M | Current | No | n/a | n/a |
| April 2026 | $75.0M | Current | No | 1.53x | 71% |
| March 2026 | $75.0M | Current | No | 1.53x | 71% |
| February 2026 | $75.0M | Current | No | 1.53x | 71% |
| January 2026 | $75.0M | Current | No | 1.56x | 99% |
| December 2025 | $75.0M | Current | No | 1.56x | 99% |
| November 2025 | $75.0M | Current | No | 1.56x | 99% |
| October 2025 | $75.0M | Current | No | 1.50x | 90% |
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 |
|---|---|---|---|---|
| Benchmark 2024-V9 Mortgage Trust | 3 | $75,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Illinois loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 333 South Spruce Street | Manteno, IL | Industrial | $78.8M | 6.60% | Jan 2029 | 2.03x | n/a | Current |
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.