Retail · Schereville, Indiana
Panera Bread Schererville
Panera Bread Schererville is financed with a $1.8M CMBS loan at 4.867% that reaches its anticipated repayment date on September 5, 2027, in 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
- $1,782,045
- Original balance (same notes)
- $1,900,000
- Interest rate
- 4.867% fixed
- Originated
- August 17, 2017
- Maturity
- September 5, 2027
- Anticipated repayment date
- September 5, 2027 (the rate steps up if the loan is not repaid by then)
- Payments
- Amortizing over 30 years
- Master servicer
- KeyBank Real Estate Capital
- Originator
- Natixis Real Estate Capital LLC
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 144 US Highway 41, Schereville, IN 46375
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Rentable area
- 6,000 sq ft
- Built
- 2001, renovated 2012
- Largest tenants
- Panera Bread
- Value at securitization
- $3.7M (Jul 2017)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.74x |
| Occupancy | 100% | 100% |
| Net operating income | n/a | $210K |
| Debt yield | 11.8% |
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 CSAIL 2017-CX9 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Matures within 12 months
- Largest tenant's lease ends within 12 months
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 Jul 2027 as the lease end date for the largest tenant (Panera Bread), 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 | $1.8M | Not reported | No | 1.74x | 100% |
| August 2026 | $1.8M | Not reported | No | 1.74x | 100% |
| July 2026 | $1.8M | Not reported | No | 1.74x | 100% |
| June 2026 | $1.8M | Not reported | No | 1.74x | 100% |
| May 2026 | $1.8M | Not reported | No | 1.86x | 100% |
| April 2026 | $1.8M | Not reported | No | 1.86x | 100% |
| March 2026 | $1.8M | Not reported | No | 1.76x | 100% |
| February 2026 | $1.8M | Not reported | No | 1.76x | 100% |
| January 2026 | $1.8M | Not reported | No | 1.76x | 100% |
| December 2025 | $1.8M | Not reported | No | 1.76x | 100% |
| November 2025 | $1.8M | Not reported | No | 1.76x | 100% |
| October 2025 | $1.8M | Not reported | No | 1.76x | 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 |
|---|---|---|---|---|
| CSAIL 2017-CX9 Commercial Mortgage Trust | 31 | $1,782,045 | Sep 2026 | SEC filing, September 28, 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 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.