Multifamily portfolio, 6 properties · Alsip, Illinois
Somerset I
This portfolio is financed with a $42.5M CMBS loan at 3.78% that reaches maturity on December 6, 2031, in 5 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer.
The loan
- Balance in tracked trusts
- $42,500,000
- Original balance (same notes)
- $42,500,000
- Interest rate
- 3.78% fixed
- Originated
- November 17, 2021
- Maturity
- December 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 5, 2031
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- Transferred March 15, 2024
- Workout strategy
- Other
- Defeasance
- None reported
The property
- Address
- 4127 West 127th Street, Alsip, IL 60803
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Value at securitization
- $63.8M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $3.5M | n/a |
Watch flags
Computed from the BENCHMARK 2021-B31 MORTGAGE TRUST filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 2026.
- With the special servicer
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 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.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Somerset I | Alsip, IL | Multifamily | n/a | n/a |
| Oak Lawn | Oak Lawn, IL | Multifamily | n/a | n/a |
| Somerset II | Merrionette Park, IL | Multifamily | n/a | n/a |
| Kenmore | Chicago, IL | Multifamily | n/a | n/a |
| Somerset III | Merrionette Park, IL | Multifamily | n/a | n/a |
| Washington | Oak Park, IL | Multifamily | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $42.5M | Late payment but less than 30 days delinquent | Yes | n/a | n/a |
| August 2026 | $42.5M | Late payment but less than 30 days delinquent | Yes | n/a | n/a |
| July 2026 | $42.5M | Late payment but less than 30 days delinquent | Yes | n/a | n/a |
| June 2026 | $42.5M | 30-59 days delinquent | Yes | n/a | n/a |
| May 2026 | $42.5M | Current | Yes | n/a | n/a |
| April 2026 | $42.5M | Late payment but less than 30 days delinquent | Yes | 2.58x | 93% |
| March 2026 | $42.5M | Late payment but less than 30 days delinquent | Yes | 2.58x | 93% |
| February 2026 | $42.5M | Late payment but less than 30 days delinquent | Yes | 2.58x | 93% |
| January 2026 | $42.5M | Current | Yes | n/a | n/a |
| December 2025 | $42.5M | Current | Yes | n/a | n/a |
| November 2025 | $42.5M | Current | Yes | n/a | n/a |
| October 2025 | $42.5M | Current | Yes | n/a | 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.
Special-servicing history
- Transferred to the special servicer March 15, 2024, 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 2021-B31 MORTGAGE TRUST | 12 | $42,500,000 | Sep 2026 | SEC filing, September 30, 2026 |
Other Chicago-Naperville-Elgin loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One North Wacker | Chicago, IL | Office | $353.0M | 2.719% | Oct 2031 | 4.16x | 91% | Current |
| Harvard | Havard, IL | Industrial | $81.0M | 3.716% | Mar 2031 | n/a | n/a | Current |
| The Leo | Chicago, IL | Multifamily | $65.0M | 5.85% | Jun 2031 | n/a | n/a | Current |
| Meadowcreek | Melrose Park, IL | Manufactured housing | $60.0M | 5.98% | Apr 2031 | n/a | n/a | Current |
| Willow Glen | Willow Springs, IL | Multifamily | $58.0M | 6.263% | Jan 2031 | 1.06x | 94% | Current |
| Food4Less - Chicago Heights | Chicago Heights, IL | Retail | $47.0M | 3.165% | Jul 2031 | n/a | n/a | Current |
| Mason Multifamily Portfolio | DeKalb, IL | Multifamily | $36.9M | 3.991% | Jul 2031 | 3.05x | 98% | Current |
| Amazon Chicago-Pullman | Chicago, IL | Industrial | $35.5M | 3.489% | Jan 2031 | 3.13x | 100% | Current |
All loans maturing in 2031 · 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.