Industrial · Mount Vernon, Illinois
Walgreens Distribution Center
Walgreens Distribution Center is financed with a $31.2M CMBS loan at 6.14% that reaches its anticipated repayment date on April 6, 2033, in 6 years and 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $31,200,000
- Original balance (same notes)
- $31,200,000
- Interest rate
- 6.14% fixed
- Originated
- March 14, 2023
- Maturity
- April 6, 2038
- Anticipated repayment date
- April 6, 2033 (the rate steps up if the loan is not repaid by then)
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 5, 2033
- Master servicer
- KeyBank Real Estate Capital
- Originator
- LMF
Status
- Payment status
- Not reported
- Special servicing
- Transferred April 9, 2025, returned August 13, 2026
- Workout strategy
- Resolved
- Modified
- Yes, most recently May 6, 2026
- Defeasance
- None reported
The property
- Address
- 5100 Lake Terrace Northeast, Mount Vernon, IL 62864
- Rentable area
- 724,424 sq ft
- Built
- 1990, renovated 2000
- Largest tenants
- Walgreen Co.
- Value at securitization
- $52.5M (Feb 2023)
Performance
| At securitization | Latest (Dec 2024) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.78x |
| Occupancy | 100% | 100% |
| Net operating income | n/a | $3.5M |
| Debt yield | 11.1% |
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 BBCMS Mortgage Trust 2023-C19 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Modified
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
- The most recent valuation in the filing is $50.5M (October 16, 2025), against $52.5M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $31.2M | Not reported | No | 1.78x | 100% |
| August 2026 | $31.2M | Late payment but less than 30 days delinquent | Yes | 1.78x | 100% |
| July 2026 | $31.2M | Not reported | Yes | 1.78x | 100% |
| June 2026 | $31.2M | Late payment but less than 30 days delinquent | Yes | 1.78x | 100% |
| May 2026 | $31.2M | Not reported | Yes | 1.78x | 100% |
| April 2026 | $31.2M | 90+ days delinquent | Yes | 1.78x | 100% |
| March 2026 | $31.2M | 90+ days delinquent | Yes | 1.78x | 100% |
| February 2026 | $31.2M | 90+ days delinquent | Yes | 1.78x | 100% |
| January 2026 | $31.2M | 90+ days delinquent | Yes | 1.78x | 100% |
| December 2025 | $31.2M | 90+ days delinquent | Yes | 1.78x | 100% |
| November 2025 | $31.2M | 90+ days delinquent | Yes | 1.78x | 100% |
| October 2025 | $31.2M | 90+ days delinquent | Yes | 1.78x | 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.
Special-servicing history
- Transferred to the special servicer April 9, 2025, returned to the master servicer August 13, 2026.
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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2023-C19 | 11 | $31,200,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Illinois loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Woodfield Mall | Schaumburg, IL | Retail | $254.0M | 6.335% | Dec 2033 | 2.47x | 94% | Current |
| Axis Apartments, Chicago | Chicago, IL | Multifamily | $136.0M | 6.88% | Dec 2033 | 1.04x | 92% | Current |
| 100 & 150 South Wacker Drive | Chicago, IL | Office | $100.0M | 6.089% | Feb 2033 | 2.30x | 60% | Current |
| 645 North Michigan Ave | Chicago, IL | Mixed use | $53.7M | 7.62% | Dec 2033 | 1.34x | 90% | Current |
| Village Square, Lake Zurich | Lake Zurich, IL | Retail | $52.5M | 7.07% | May 2033 | n/a | n/a | Current |
| Hyatt Regency Schaumburg | Schaumburg, IL | Hotel | $24.0M | 8.55% | Nov 2033 | n/a | n/a | Current |
| River Forest Medical Offices | River Forest, IL | Office | $22.0M | 8.65% | Oct 2033 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Watchfire Slb | Danville, IL | Industrial | $12.5M | 5.855% | Apr 2033 | 1.80x | 100% | 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.