Debt outstanding
$123M
540 N STATE ST
540 North State Street · Chicago, IL 60654
Every loan the CMBS tape reports against this building, as each trust filed it. A
building is the grain here, not the loan: this one is collateral in
2 separate trusts,
and the slices below are the pieces of its debt, not four different buildings.
Loan slices
2
Trusts
2
Type
Mixed Use
Square feet
106,565
Units
481
Year built
2003 · renovated 2023
Where the filings differ
Each trust describes the building in its own filing, and these are the fields on
which they do not match. Both spellings are printed with the trust that filed each. Often both
are true — a building sits in one municipality and takes its mail in another — and
where one is simply a misspelling, we do not have a basis to say which.
Property type
mixed use — Morgan Stanley Bank of America Merrill Lynch Trust 2025-5C1
multifamily — BANK5 2025-5YR14
The debt, slice by slice
| Trust | Balance | Rate | Matures | DSCR | NOI | Occupancy | Originator | Servicer | Special servicing |
|---|---|---|---|---|---|---|---|---|---|
| Morgan Stanley Bank of America Merrill Lynch Trust 2025-5C1 · asset 1 | $93M | 5.56% fixed | 2030-03-07 | 1.26 | $3M | 100% | Morgan Stanley Bank, N.A. | Midland Loan Services | No |
| BANK5 2025-5YR14 · asset 4 | $30M | 5.56% fixed | 2030-03-07 | 1.26 | $3M | 100% | Morgan Stanley Bank, N.A. | Midland Loan Services | No |
Named tenants
| Tenant | Square feet | Lease expires |
|---|---|---|
| Jewel Food Stores | 22,399 | 2032-10-16 |
| Instituto Cervantes of Chicago | 19,862 | 2032-02-29 |
| Rush University Medical Center | 10,248 | 2031-06-30 |
The asset-level exhibit names up to three tenants per
slice; where the trusts name different ones, all of them are listed.
- Built from SEC Regulation AB II asset-level filings (Form ABS-EE, Item 1(a) exhibits) as filed by each trust’s depositor. Latest filing on this building: 2026-08-31.
- Rebuilt nightly. A slice that left its pool is excluded by the tape’s own latest-filing cut, so this page shows live debt only.
- Figures are as each trust filed them and are not restated, reconciled or scored here.
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