Office · Tinley Park, Illinois
North Creek Business Center
North Creek Business Center is financed with a $3.9M CMBS loan at 7.17% that reaches maturity on November 6, 2032, in 6 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer.
The loan
- Balance in tracked trusts
- $3,874,648
- Original balance (same notes)
- $4,025,000
- Interest rate
- 7.17% fixed
- Originated
- October 7, 2022
- Maturity
- November 6, 2032
- Payments
- Interest only for 1 months, then amortizing
- Prepayment lockout ends
- September 5, 2032
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred June 10, 2026
- Workout strategy
- Other
- Defeasance
- None reported
The property
- Address
- 18501 Maple Creek Drive, Tinley Park, IL 60477
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Rentable area
- 38,013 sq ft
- Built
- 2002
- Largest tenants
- iCan Dream Center, NFP; Circle Logistics, Inc.; Elara Caring III (aka, JHH/CIMA HOLDING, America at Home Healthcare &
- Value at securitization
- $6.2M (May 2022)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.43x | n/a |
| Occupancy | 97% | n/a |
| Net operating income | $467K | n/a |
Watch flags
Computed from the Benchmark 2022-B37 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- With the special servicer
On the cmbs.news watch list in every report since May 2026.
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
- The filing gives Nov 2029 as the lease end date for the largest tenant (iCan Dream Center, NFP), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.9M | Current | Yes | n/a | n/a |
| August 2026 | $3.9M | 90+ days delinquent | Yes | n/a | n/a |
| July 2026 | $3.9M | 90+ days delinquent | Yes | n/a | n/a |
| June 2026 | $3.9M | 60-89 days delinquent | No | n/a | n/a |
| May 2026 | $3.9M | 30-59 days delinquent | No | n/a | n/a |
| April 2026 | $3.9M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| March 2026 | $3.9M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| February 2026 | $3.9M | Current | No | n/a | n/a |
| January 2026 | $3.9M | Current | No | n/a | n/a |
| December 2025 | $3.9M | Current | No | n/a | n/a |
| November 2025 | $3.9M | Current | No | n/a | n/a |
| October 2025 | $3.9M | Current | No | n/a | n/a |
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 June 10, 2026, still there.
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 |
|---|---|---|---|---|
| Benchmark 2022-B37 Mortgage Trust | 39 | $3,874,648 | Sep 2026 | SEC filing, September 28, 2026 |
Other Chicago-Naperville-Elgin loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 200 West Jackson | Chicago, IL | Office | $86.0M | 3.72% | Feb 2032 | 1.69x | 73% | Current |
| Chase St. | Gary, IN | Industrial | $42.0M | 5.92% | Jun 2032 | n/a | n/a | Current |
| Chicago Business Center | Chicago, IL | Industrial | $33.6M | 4.025% | Jan 2032 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Lincoln Place | Fairview Heights, IL | Retail | $28.0M | 5.16% | Jun 2032 | 2.04x | 99% | Current |
| South Michigan Avenue | Chicago, IL | Mixed use | $22.5M | 5.92% | Aug 2032 | 1.49x | 100% | Current |
| Chicago Marketplace | Chicago, IL | Industrial | $17.7M | 4.025% | Jan 2032 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 4520 S Drexel Boulevard | Chicago, IL | Multifamily | $15.4M | 6.15% | Jun 2032 | 1.00x | 85% | With the special servicer and 90+ days delinquent |
| Village Plaza | Morton Grove, IL | Retail | $14.5M | 3.265% | Jan 2032 | 4.57x | 95% | 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.