Retail portfolio, 25 properties · Effingham, Illinois
Sherwin Williams Distribution Center - Effingham (Wabash), IL
Public CMBS trusts hold $86.0M of the loan on this portfolio at 3.453% that reaches maturity on January 1, 2027, in 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
- $86,000,000
- Original balance (same notes)
- $86,000,000
- Interest rate
- 3.453% fixed
- Originated
- December 22, 2021
- Maturity
- January 1, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ended
- August 31, 2026
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 711 W Wabash Avenue, Effingham, IL 62401
- Value at securitization
- $158.8M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 3 months) | $8.2M | $7.8M |
| Debt yield | 9.0% |
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 Benchmark 2022-B32 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Matures 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
- Net operating income is 6% below the underwritten figure ($7.8M a year against $8.2M; the latest statement covers 3 months, annualized).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Sherwin Williams Distribution Center - Effingham (Wabash), IL | Effingham, IL | Retail | 100% | 2.09x |
| Schnucks Markets - Farmington (Valley Creek), MO | Farmington, MO | Retail | 100% | 2.71x |
| Kroger- Clarkston, MI | Clarkston, MI | Retail | 100% | 3.09x |
| Walgreens - Lincolnton (Main), NC | Lincolnton, NC | Retail | 100% | 2.52x |
| WellMed - Corpus Christi (Saratoga), TX | Corpus Christi, TX | Retail | 100% | 2.63x |
| Walgreens - Greenville (North), SC | Greenville, SC | Retail | 100% | 2.60x |
| Walgreens - Orland Park (143rd), IL | Orland Park, IL | Retail | 100% | 2.48x |
| CVS Pharmacy - Tulsa (Harvard), OK | Tulsa, OK | Retail | 100% | 2.75x |
| Walgreens - Mattydale (Brewerton), NY | Mattydale, NY | Retail | 100% | 2.84x |
| Walgreens- Shawnee, KS | Shawnee, KS | Retail | 100% | 2.50x |
| Walgreens - Watervliet (2nd), NY | Watervliet, NY | Retail | 100% | 3.69x |
| Walgreens - El Dorado, AR | El Dorado, AR | Retail | 100% | 3.50x |
| Dollar General - St. Amant (Highway 22), LA | Saint Amant, LA | Retail | 100% | 2.48x |
| Dollar Tree - Powder Springs (Macland), GA | Powder Springs, GA | Retail | 100% | 2.51x |
| Dollar Tree- Batavia (Bauer), OH | Batavia, OH | Retail | 100% | 4.39x |
| Sherwin Williams - Waunakee (County), WI | Waunakee, WI | Retail | 100% | 3.85x |
| Family Dollar - South Bend (Lincoln), IN | South Bend, IN | Retail | 100% | 2.14x |
| Dollar General - Zachary (Hwy 964), LA | Zachary, LA | Retail | 100% | 2.50x |
| Webster Bank - Vernon Rockville(Talcottville), CT | Vernon, CT | Retail | 100% | 2.48x |
| Dollar General - Russellville (State 124), AR | Russellville, AR | Retail | 100% | 2.54x |
| Dollar General - Uniontown (Connellsville), PA | Uniontown, PA | Retail | 100% | 2.91x |
| Dollar General - Tulsa (41st), OK | Tulsa, OK | Retail | 100% | 2.49x |
| Dollar General - Cordova (Dexter), TN | Memphis, TN | Retail | 100% | 4.00x |
| Dollar Tree - Apollo (North), PA | Apollo, PA | Retail | 100% | 2.69x |
| Dollar General - Toledo (McCord), OH | Toledo, OH | Retail | 100% | 4.13x |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $86.0M | Current | No | 2.09x | 100% |
| August 2026 | $86.0M | Current | No | 2.09x | 100% |
| July 2026 | $86.0M | Current | No | 2.09x | 100% |
| June 2026 | $86.0M | Current | No | 2.09x | 100% |
| May 2026 | $86.0M | Current | No | n/a | n/a |
| April 2026 | $86.0M | Current | No | 2.48x | 100% |
| March 2026 | $86.0M | Current | No | 2.48x | 100% |
| February 2026 | $86.0M | Current | No | 2.48x | 100% |
| January 2026 | $86.0M | Current | No | 2.48x | 100% |
| December 2025 | $86.0M | Current | No | 2.48x | 100% |
| November 2025 | $86.0M | Current | No | 2.49x | 100% |
| October 2025 | $86.0M | Current | No | 2.49x | 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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2022-B33 Mortgage Trust | 6 | $56,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| Benchmark 2022-B32 Mortgage Trust | 19 | $30,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Illinois 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 |
| 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 |
| Hilton Garden Inn Chicago/north Loop | Chicago, IL | Hotel | $27.8M | 4.80% | Jun 2027 | 2.24x | 77% | 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.