Multifamily · Palos Hills, Illinois
Scenic Tree Apartments
Scenic Tree Apartments is financed with a $15.6M CMBS loan at 4.24% that reaches maturity on February 1, 2030, in 3 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $15,626,629
- Original balance (same notes)
- $17,000,000
- Interest rate
- 4.24% fixed
- Originated
- January 21, 2020
- Maturity
- February 1, 2030
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- January 31, 2030
- Master servicer
- Trimont LLC
- Originator
- Basis Real Estate Capital II, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 10205 86th Terrace, Palos Hills, IL 60465
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Units, rooms or beds
- 254
- Built
- 1968, renovated 2019
- Value at securitization
- $22.8M (Nov 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.51x | 1.24x |
| Occupancy | 93% | 90% |
| Net operating income (annualized from 6 months) | $1.5M | $1.3M |
| Debt yield | 8.0% |
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 Wells Fargo Commercial Mortgage Trust 2020-C55 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x 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
- Occupancy has fallen from 93% when the loan was securitized to 90%.
- Net operating income is 17% below the underwritten figure ($1.3M a year against $1.5M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.51x at securitization to 1.24x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $15.6M | Current | No | 1.24x | 90% |
| August 2026 | $15.7M | Current | No | 1.43x | 85% |
| July 2026 | $15.7M | Current | No | 1.43x | 85% |
| June 2026 | $15.7M | Current | No | 1.63x | 88% |
| May 2026 | $15.7M | Current | No | 1.63x | 88% |
| April 2026 | $15.8M | Current | No | 1.63x | 88% |
| March 2026 | $15.8M | Current | No | 1.54x | 92% |
| February 2026 | $15.8M | Current | No | 1.54x | 92% |
| January 2026 | $15.8M | Current | No | 1.54x | 92% |
| December 2025 | $15.9M | Current | No | 1.54x | 92% |
| November 2025 | $15.9M | Current | No | 1.58x | 93% |
| October 2025 | $15.9M | Current | No | 1.58x | 93% |
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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2020-C55 | 18 | $15,626,629 | 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.