Self storage · Lake Villa, Illinois
Safe and Secure Self Storage
Safe and Secure Self Storage is financed with a $2.1M CMBS loan at 7.11% that reaches maturity on January 1, 2030, in 3 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $2,150,000
- Original balance (same notes)
- $2,150,000
- Interest rate
- 7.11% fixed
- Originated
- December 6, 2024
- Maturity
- January 1, 2030
- Payments
- Interest only for the full term
- Master servicer
- KeyBank Real Estate Capital
- Originator
- KeyBank
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 23366 W Wall St, Lake Villa, IL 60046
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Units, rooms or beds
- 29,975
- Value at securitization
- $3.9M (Oct 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.87x |
| Occupancy | 99% | 95% |
| Net operating income (annualized from 6 months) | n/a | $292K |
| Debt yield | 13.6% |
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 BBCMS Mortgage Trust 2025-5C33 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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
- Occupancy has fallen from 99% when the loan was securitized to 95%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.1M | Not reported | No | 1.87x | 95% |
| August 2026 | $2.1M | Not reported | No | 1.87x | 95% |
| July 2026 | $2.1M | Not reported | No | 1.52x | 92% |
| June 2026 | $2.1M | Not reported | No | 1.52x | 92% |
| May 2026 | $2.1M | Not reported | No | 1.52x | 92% |
| April 2026 | $2.1M | Not reported | No | 1.52x | 92% |
| March 2026 | $2.1M | Not reported | No | 1.54x | 92% |
| February 2026 | $2.1M | Not reported | No | 0.87x | 89% |
| January 2026 | $2.1M | Not reported | No | 0.61x | 91% |
| December 2025 | $2.1M | Not reported | No | 0.61x | 88% |
| November 2025 | $2.1M | Not reported | No | 0.61x | 88% |
| October 2025 | $2.1M | Not reported | No | 0.67x | 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.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2025-5C33 | 44 | $2,150,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Chicago-Naperville-Elgin loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Mcdonalds Global Hq | Chicago, IL | Office | $224.8M | 2.935% | Nov 2030 | 1.58x | 98% | Current |
| Grand Plaza | Chicago, IL | Mixed use | $160.0M | 5.56% | Mar 2030 | 1.68x | 61% | Current |
| Soho House Chicago | Chicago, IL | Mixed use | $65.0M | 6.785% | Feb 2030 | 1.94x | 100% | Current |
| 1515 West Webster | Chicago, IL | Office | $56.4M | 6.525% | Aug 2030 | n/a | n/a | Current |
| Ashland Laflin Duo | Chicago, IL | Multifamily | $44.5M | 6.647% | Feb 2030 | n/a | n/a | Current |
| Barry Quad | Chicago, IL | Multifamily | $33.9M | 6.895% | Jun 2030 | 1.25x | 100% | Current |
| Chatham Ridge Shopping Center | Chicago, IL | Retail | $30.5M | 6.81% | Feb 2030 | 1.54x | 100% | Current |
| Walgreens 9 Portfolio | Buffalo Grove, IL | Retail | $30.0M | 3.51% | Oct 2030 | n/a | n/a | Current |
All loans maturing in 2030 · 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.