Manufactured housing portfolio, 9 properties · Watseka, Illinois
Watch E Kee & Sugar Creek
This portfolio is financed with a $14.1M CMBS loan at 6.26% that reaches maturity on July 6, 2032, in 5 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $14,100,000
- Original balance (same notes)
- $14,100,000
- Interest rate
- 6.26%
- Originated
- June 22, 2022
- Maturity
- July 6, 2032
- Payments
- Interest only for 48 months, then amortizing
- Master servicer
- KeyBank Real Estate Capital
- Originator
- AREF
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred October 8, 2025
- Workout strategy
- Other
- Defeasance
- None reported
The property
- Address
- 31-A Watch-E-Kee Drive, Watseka, IL 60970
- Value at securitization
- $21.1M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | n/a | $1.4M |
| Debt yield | 10.2% |
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 2022-C17 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
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 |
|---|---|---|---|---|
| Watch E Kee & Sugar Creek | Watseka, IL | Mobile Home Park | 80% | 2.12x |
| Canton Portfolio | Canton and Massillon, OH | Mobile Home Park | 60% | 1.45x |
| Keokuk | Keokuk, IA | Mobile Home Park | 48% | 2.08x |
| Fmc | Rockford, IL | Mobile Home Park | 61% | 0.90x |
| Poplar | Fostoria, OH | Mobile Home Park | 56% | 1.90x |
| Hummingbird Hill & Providential Crossing | Princeton and Bureau Junc, IL | Mobile Home Park | 26% | 1.04x |
| Eastwood | Ansonia, OH | Mobile Home Park | 55% | 2.15x |
| Malvern | Malvern, OH | Mobile Home Park | 56% | 1.14x |
| Bronson | Bronson, MI | Mobile Home Park | 87% | 1.33x |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $14.1M | 90+ days delinquent | Yes | 2.12x | 80% |
| August 2026 | $14.1M | 90+ days delinquent | Yes | 2.12x | 80% |
| July 2026 | $14.1M | 90+ days delinquent | Yes | 2.12x | 80% |
| June 2026 | $14.1M | 90+ days delinquent | Yes | 2.12x | 80% |
| May 2026 | $14.1M | 90+ days delinquent | Yes | 2.12x | 80% |
| April 2026 | $14.1M | 90+ days delinquent | Yes | 2.12x | 80% |
| March 2026 | $14.1M | 90+ days delinquent | Yes | 1.45x | 60% |
| February 2026 | $14.1M | 90+ days delinquent | Yes | 2.12x | 80% |
| January 2026 | $14.1M | 90+ days delinquent | Yes | 2.12x | 80% |
| December 2025 | $14.1M | 60-89 days delinquent | Yes | 1.14x | 56% |
| November 2025 | $14.1M | 30-59 days delinquent | Yes | 2.12x | 80% |
| October 2025 | $14.1M | Not reported | Yes | 2.12x | 80% |
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 October 8, 2025, 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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2022-C17 | 26 | $14,100,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Illinois loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 200 West Jackson | Chicago, IL | Office | $86.0M | 3.72% | Feb 2032 | 1.69x | 73% | Current |
| Chicago Business Center | Chicago, IL | Industrial | $33.6M | 4.025% | Jan 2032 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Lincoln Place | Fairview Heights, IL | Retail | $28.0M | 5.16% | Jun 2032 | 2.04x | 99% | Current |
| South Michigan Avenue | Chicago, IL | Mixed use | $22.5M | 5.92% | Aug 2032 | 1.49x | 100% | Current |
| Chicago Marketplace | Chicago, IL | Industrial | $17.7M | 4.025% | Jan 2032 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 4520 S Drexel Boulevard | Chicago, IL | Multifamily | $15.4M | 6.15% | Jun 2032 | 1.00x | 85% | With the special servicer and 90+ days delinquent |
| Village Plaza | Morton Grove, IL | Retail | $14.5M | 3.265% | Jan 2032 | 4.57x | 95% | Current |
| South Matteson Property | Matteson, IL | Retail | $11.6M | 3.773% | Jan 2032 | n/a | n/a | 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.