Mixed use · Waukegan, Illinois
Ucc Environmental Hq
Ucc Environmental Hq is financed with a $6.5M CMBS loan at 6.95% that reaches maturity on May 1, 2028, in 18 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $6,500,000
- Original balance (same notes)
- $6,500,000
- Interest rate
- 6.95% fixed
- Originated
- April 24, 2023
- Maturity
- May 1, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 31, 2027
- Master servicer
- Trimont LLC
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2100 Norman Drive, Waukegan, IL 60085
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Rentable area
- 116,500 sq ft
- Built
- 1989, renovated 2017
- Largest tenants
- UCC
- Value at securitization
- $10.7M (Mar 2023)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.76x | 1.96x |
| Occupancy | 100% | 100% |
| Net operating income | $806K | $897K |
| Debt yield | 13.8% |
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 BANK5 2023-5YR2 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
- Net operating income is 11% above the underwritten figure ($897K a year against $806K).
- Debt service coverage moved from 1.76x at securitization to 1.96x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.5M | Current | No | 1.96x | 100% |
| August 2026 | $6.5M | Current | No | 1.96x | 100% |
| July 2026 | $6.5M | Current | No | 1.96x | 100% |
| June 2026 | $6.5M | Current | No | 1.96x | 100% |
| May 2026 | $6.5M | Current | No | 1.96x | 100% |
| April 2026 | $6.5M | Current | No | 1.96x | 100% |
| March 2026 | $6.5M | Current | No | 1.96x | 100% |
| February 2026 | $6.5M | Current | No | 1.96x | 100% |
| January 2026 | $6.5M | Current | No | 2.17x | 100% |
| December 2025 | $6.5M | Current | No | 2.17x | 100% |
| November 2025 | $6.5M | Current | No | 2.17x | 100% |
| October 2025 | $6.5M | Current | No | 1.95x | 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK5 2023-5YR2 | 20 | $6,500,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Chicago-Naperville-Elgin loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 333 S Wabash | Chicago, IL | Office | $99.7M | 3.53% | Sep 2028 | 1.70x | 81% | Current |
| Westbrook Corporate Center | Westchester, IL | Office | $86.4M | 4.86% | Jun 2028 | 1.30x | 68% | With the special servicer and 90+ days delinquent |
| Continental Towers | Rolling Meadows, IL | Office | $84.5M | 4.75% | Sep 2028 | 0.31x | 53% | With the special servicer and 90+ days delinquent |
| Executive Towers West | Downers Grove, IL | Office | $54.2M | 4.85% | Aug 2028 | 1.23x | 63% | Current |
| The Buckingham | Chicago, IL | Multifamily | $42.3M | 5.522% | Aug 2028 | 1.18x | n/a | With the special servicer and 90+ days delinquent |
| Oak Creek Center | Lombard, IL | Office | $34.6M | 4.80% | Mar 2028 | n/a | n/a | Current |
| One Parkway North Fee | Deerfield, IL | Other | $24.5M | 4.282% | Jan 2028 | 1.91x | 81% | With the special servicer and 90+ days delinquent |
| Willows Hotel Chicago | Chicago, IL | Hotel | $20.7M | 5.155% | Jan 2028 | n/a | n/a | Current |
All loans maturing in 2028 · 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.