Retail portfolio, 9 properties · Buffalo Grove, Illinois
Walgreens 9 Portfolio
This portfolio is financed with a $30.0M CMBS loan at 3.51% that reaches maturity on October 1, 2030, in 3 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $30,000,000
- Original balance (same notes)
- $30,000,000
- Interest rate
- 3.51% fixed
- Originated
- October 1, 2020
- Maturity
- October 1, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- May 31, 2030
- 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
- 1225 West Dundee Road, Buffalo Grove, IL 60089
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Value at securitization
- $50.4M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 3 months) | $2.6M | $996K |
| Debt yield | 3.3% |
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-B21 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- NOI down 20% 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
- Net operating income is 61% below the underwritten figure ($996K a year against $2.6M; the latest statement covers 3 months, annualized).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Walgreens 9 Portfolio | Buffalo Grove, IL | Retail | 100% | 0.92x |
| 3130 Clarksville Pike | Nashville, TN | Retail | n/a | n/a |
| 3532 Dreher Shoals Road | Irmo, SC | Retail | n/a | n/a |
| 106 Illini Boulevard | Sherman, IL | Retail | n/a | n/a |
| 2900 Paul Huff Parkway Northwest | Cleveland, TN | Retail | n/a | n/a |
| 4989 State Street | Saginaw, MI | Retail | n/a | n/a |
| 1055 E. Main Street | Alice, TX | Retail | n/a | n/a |
| 9 Knight Hill Road | Camden, SC | Retail | n/a | n/a |
| 110 N. Westwood Boulevard | Poplar Bluff, MO | Retail | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $30.0M | Current | No | 0.92x | 100% |
| August 2026 | $30.0M | Current | No | 0.92x | 100% |
| July 2026 | $30.0M | Current | No | 0.92x | 100% |
| June 2026 | $30.0M | Current | No | n/a | n/a |
| May 2026 | $30.0M | Current | No | n/a | n/a |
| April 2026 | $30.0M | Current | No | 0.95x | 100% |
| March 2026 | $30.0M | Current | No | 0.95x | 100% |
| February 2026 | $30.0M | Current | No | 0.95x | 100% |
| January 2026 | $30.0M | Current | No | 0.95x | 100% |
| December 2025 | $30.0M | Current | No | 0.95x | 100% |
| November 2025 | $30.0M | Current | No | 0.79x | 100% |
| October 2025 | $30.0M | Current | No | 0.79x | 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 |
|---|---|---|---|---|
| Benchmark 2020-B21 Mortgage Trust | 15 | $30,000,000 | Sep 2026 | SEC filing, September 28, 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 |
| EVEN Hotel Tinley Park | Tinley Park, IL | Hotel | $28.5M | 8.50% | Feb 2030 | 0.96x | 63% | 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.