Other · Deerfield, Illinois
One Parkway North Fee
One Parkway North Fee is financed with a $24.5M CMBS loan at 4.282% that reaches maturity on January 6, 2028, in 14 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $24,500,000
- Original balance (same notes)
- $24,500,000
- Interest rate
- 4.282% fixed
- Originated
- December 27, 2017
- Maturity
- January 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ended
- March 5, 2020
- Prepayment premium ends
- October 5, 2027 (yield maintenance)
- Master servicer
- KeyBank Real Estate Capital
- Originator
- n/a
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred January 22, 2026
- Workout strategy
- Foreclosure
- Defeasance
- None reported
The property
- Address
- One Parkway North, Deerfield, IL 60015
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Rentable area
- 257,394 sq ft
- Built
- 1988, renovated 2017
- Largest tenants
- Essendant; RMS Lifeline Inc.; BDM Investments LLC
- Value at securitization
- $33.0M (Dec 2017)
Performance
| At securitization | Latest (Sep 2025) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.91x |
| Occupancy | n/a | 81% |
| Net operating income (annualized from 9 months) | n/a | $2.0M |
| Debt yield | 8.3% |
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 2018-B2 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in every report since February 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 most recent valuation in the filing is $9.1M (March 27, 2026), against $33.0M at securitization.
- The filing gives Oct 2027 as the lease end date for the largest tenant (Essendant), 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 | $24.5M | 90+ days delinquent | Yes | 1.91x | 81% |
| August 2026 | $24.5M | 90+ days delinquent | Yes | 1.91x | 81% |
| July 2026 | $24.5M | 90+ days delinquent | Yes | 1.91x | 81% |
| June 2026 | $24.5M | 60-89 days delinquent | Yes | 1.91x | 81% |
| May 2026 | $24.5M | 30-59 days delinquent | Yes | 1.91x | 81% |
| April 2026 | $24.5M | 90+ days delinquent | Yes | 1.91x | 81% |
| March 2026 | $24.5M | 60-89 days delinquent | Yes | 1.91x | 81% |
| February 2026 | $24.5M | 30-59 days delinquent | Yes | 1.91x | 81% |
| January 2026 | $24.5M | Late payment but less than 30 days delinquent | No | 1.91x | 81% |
| December 2025 | $24.5M | Not reported | No | 1.91x | 81% |
| November 2025 | $24.5M | Not reported | No | 1.92x | 81% |
| October 2025 | $24.5M | Not reported | No | 1.92x | 81% |
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 January 22, 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 2018-B2 Mortgage Trust | 24 | $24,500,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Chicago-Naperville-Elgin loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 333 S Wabash | Chicago, IL | Office | $99.7M | 3.53% | Sep 2028 | 1.70x | 81% | Current |
| Westbrook Corporate Center | Westchester, IL | Office | $86.4M | 4.86% | Jun 2028 | 1.30x | 68% | With the special servicer and 90+ days delinquent |
| Continental Towers | Rolling Meadows, IL | Office | $84.5M | 4.75% | Sep 2028 | 0.31x | 53% | With the special servicer and 90+ days delinquent |
| Executive Towers West | Downers Grove, IL | Office | $54.2M | 4.85% | Aug 2028 | 1.23x | 63% | Current |
| The Buckingham | Chicago, IL | Multifamily | $42.3M | 5.522% | Aug 2028 | 1.18x | n/a | With the special servicer and 90+ days delinquent |
| Oak Creek Center | Lombard, IL | Office | $34.6M | 4.80% | Mar 2028 | n/a | n/a | Current |
| Willows Hotel Chicago | Chicago, IL | Hotel | $20.7M | 5.155% | Jan 2028 | n/a | n/a | Current |
| Shops at Fox River | McHenry, IL | Retail | $19.9M | 4.565% | May 2028 | 2.59x | 88% | Current |
All loans maturing in 2028 · 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.