Retail · Long Grove, Illinois
Sunset Grove Shopping Center
Sunset Grove Shopping Center is financed with a $23.4M CMBS loan at 3.74% that reaches maturity on February 6, 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
- $23,350,000
- Original balance (same notes)
- $23,350,000
- Interest rate
- 3.74% fixed
- Originated
- January 7, 2020
- Maturity
- February 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ended
- March 5, 2022
- Prepayment premium ends
- December 5, 2029 (yield maintenance)
- Master servicer
- Midland
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 4186-4198 Illinois Route 83, Long Grove, IL 60047
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Rentable area
- 109,938 sq ft
- Built
- 2011
- Largest tenants
- Sunset food mart; CVS; Appell dental group
- Value at securitization
- $37.7M (Nov 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.61x | 2.79x |
| Occupancy | 100% | 96% |
| Net operating income (annualized from 6 months) | $2.3M | $5.0M |
| Debt yield | 21.3% |
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 2020-B16 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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 100% when the loan was securitized to 96%.
- Net operating income is 116% above the underwritten figure ($5.0M a year against $2.3M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.61x at securitization to 2.79x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $23.4M | Current | No | 2.79x | 96% |
| August 2026 | $23.4M | Current | No | 2.79x | 96% |
| July 2026 | $23.4M | Current | No | n/a | n/a |
| June 2026 | $23.4M | Current | No | n/a | n/a |
| May 2026 | $23.4M | Current | No | n/a | n/a |
| April 2026 | $23.4M | Current | No | 2.73x | 91% |
| March 2026 | $23.4M | Current | No | 2.73x | 91% |
| February 2026 | $23.4M | Current | No | 2.75x | 92% |
| January 2026 | $23.4M | Current | No | 2.75x | 92% |
| December 2025 | $23.4M | Current | No | 2.75x | 92% |
| November 2025 | $23.4M | Current | No | 2.75x | 92% |
| October 2025 | $23.4M | Current | No | 2.76x | 92% |
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 |
|---|---|---|---|---|
| Benchmark 2020-B16 Mortgage Trust | 18 | $23,350,000 | Sep 2026 | SEC filing, October 1, 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.