Retail · Wheaton, Illinois
Wheaton Plaza
Wheaton Plaza is financed with a $4.7M CMBS loan at 3.84% that reaches maturity on March 1, 2032, in 5 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,669,423
- Original balance (same notes)
- $5,100,000
- Interest rate
- 3.84% fixed
- Originated
- February 2, 2022
- Maturity
- March 1, 2032
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- March 31, 2024
- Prepayment premium ends
- August 31, 2031 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Mortgage Capital Holdings LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 801-811 Butterfield Road, Wheaton, IL 60187
- Metro
- Chicago-Naperville-Elgin, IL-IN
- Rentable area
- 23,084 sq ft
- Built
- 2002
- Largest tenants
- DMG; T-Mobile; Ruby Cleaner's Outlet
- Value at securitization
- $10.3M (Nov 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.32x | 2.30x |
| Occupancy | 100% | 94% |
| Net operating income (annualized from 6 months) | $665K | $664K |
| Debt yield | 14.2% |
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 BANK 2022-BNK40 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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 94%.
- The filing gives Apr 2031 as the lease end date for the largest tenant (DMG), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.7M | Current | No | 2.30x | 94% |
| August 2026 | $4.7M | Current | No | 2.06x | 94% |
| July 2026 | $8.0M | Current | No | 4.30x | 90% |
| June 2026 | $4.7M | Current | No | 2.06x | 94% |
| May 2026 | $4.7M | Current | No | 1.75x | 84% |
| April 2026 | $4.7M | Current | No | 1.75x | 84% |
| March 2026 | $4.7M | Current | No | 1.75x | 84% |
| February 2026 | $4.7M | Current | No | 1.73x | 83% |
| January 2026 | $4.7M | Current | No | 1.73x | 83% |
| December 2025 | $4.7M | Current | No | 1.73x | 83% |
| November 2025 | $4.8M | Current | No | 1.73x | 83% |
| October 2025 | $4.8M | Current | No | 1.73x | 83% |
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 |
|---|---|---|---|---|
| BANK 2022-BNK40 | 40 | $4,669,423 | Sep 2026 | SEC filing, September 29, 2026 |
Other Chicago-Naperville-Elgin 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 |
| Chase St. | Gary, IN | Industrial | $42.0M | 5.92% | Jun 2032 | n/a | n/a | 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 |
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.