← Benchmark 2022-B34 Mortgage Trust · Loan annex · CMBS market
- Deal
- Benchmark 2022-B34 Mortgage Trust
- Current balance
- $8.8M (September 2025)
- Share of deal
- not yet reported
- Status
- 90+ days delinquent
- DSCR (latest)
- 1.41
- Occupancy (latest)
- 76%
- Scheduled maturity
- 2032-03-06
Property and terms
| Property | Arlington Green Executive Plaza |
| Address | 2101 South Arlington Heights Road; Arlington Heights, IL 60005 |
| Property type | Office |
| Units, beds or keys | 0 |
| Net rentable square feet | 62,835 |
| Year built | 1984 |
| Year last renovated | 1996 |
| Original balance | $9.0M |
| Current balance | $8.8M (September 2025) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.20% |
| Current interest rate | 4.20% |
| Origination date | 02-17-2022 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2032-03-06 |
| Prepayment lockout end | 12-05-2031 |
| Yield maintenance end | not yet reported |
| Servicer | KeyBank Real Estate Capital |
| Loan servicer | not yet reported |
| Originator | Citi Real Estate Funding Inc. |
| Current status | 90+ days delinquent |
| Specially serviced now | Yes |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $14.6M | 01-12-2022 | MAI |
| Most recent reported | $4.0M | 2025-03-28 | MAI |
Change from securitization to the most recent reported valuation: -72.6%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Clarity Clinic Arlington Heigh | 14,764 | 06-30-2032 |
| Midwest Physician Administrati | 8,375 | 06-30-2027 |
| Suburban Endocrinology & Diabe | 7,606 | 11-30-2028 |
The three largest tenants as reported in the latest asset-level record.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| April 2022 | $9.0M | Current | 4.20% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2022 | $9.0M | not yet reported | 4.20% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| June 2022 | $9.0M | not yet reported | 4.20% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| July 2022 | $9.0M | not yet reported | 4.20% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| August 2022 | $8.9M | not yet reported | 4.20% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| September 2022 | $8.9M | not yet reported | 4.20% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| October 2022 | $8.9M | not yet reported | 4.20% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| November 2022 | $8.9M | not yet reported | 4.20% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| December 2022 | $8.9M | Matured balloon, non-performing | 4.20% | 0.00 | 0.00 | 0% | $43,975 | not yet reported | $0 | $0 | $0 | $0 |
| January 2023 | $8.9M | Matured balloon, non-performing | 4.20% | 0.00 | 0.00 | 0% | $43,973 | not yet reported | $0 | $0 | $0 | $0 |
| February 2023 | $8.9M | Matured balloon, non-performing | 4.20% | 0.00 | 0.00 | 0% | $44,012 | not yet reported | $0 | $0 | $0 | $0 |
| March 2023 | $8.9M | Matured balloon, non-performing | 4.20% | 0.00 | 0.00 | 78% | $44,012 | not yet reported | $0 | $0 | $0 | $0 |
| April 2023 | $8.9M | Matured balloon, non-performing | 4.20% | 0.00 | 0.00 | 78% | $43,974 | not yet reported | $0 | $0 | $0 | $0 |
| May 2023 | $8.9M | 30-59 days delinquent | 4.20% | 0.00 | 0.00 | 78% | $87,948 | not yet reported | $0 | $0 | $0 | $0 |
| June 2023 | $8.9M | 60-89 days delinquent | 4.20% | 0.00 | 0.00 | 78% | $131,922 | not yet reported | $0 | $0 | $0 | $0 |
| July 2023 | $8.9M | 90+ days delinquent | 4.20% | 0.00 | 0.00 | 78% | $175,897 | not yet reported | $0 | $0 | $0 | $0 |
| August 2023 | $8.9M | 90+ days delinquent | 4.20% | 0.00 | 0.00 | 78% | $219,871 | not yet reported | $0 | $0 | $0 | $0 |
| September 2023 | $8.9M | 90+ days delinquent | 4.20% | 0.00 | 0.00 | 78% | $263,845 | not yet reported | $0 | $0 | $0 | $0 |
| October 2023 | $8.9M | 90+ days delinquent | 4.20% | 0.00 | 0.00 | 78% | $307,820 | not yet reported | $0 | $0 | $0 | $0 |
| November 2023 | $8.9M | 90+ days delinquent | 4.20% | 0.00 | 0.00 | 78% | $351,794 | not yet reported | $0 | $0 | $0 | $0 |
| December 2023 | $8.9M | 90+ days delinquent | 4.20% | 0.00 | 0.00 | 78% | $395,769 | not yet reported | $0 | $0 | $0 | $0 |
| January 2024 | $8.9M | 90+ days delinquent | 4.20% | 0.00 | 0.00 | 78% | $439,743 | not yet reported | $0 | $0 | $0 | $0 |
| February 2024 | $8.9M | 90+ days delinquent | 4.20% | 0.00 | 0.00 | 78% | $483,717 | not yet reported | $0 | $0 | $0 | $0 |
| March 2024 | $8.9M | 90+ days delinquent | 4.20% | 0.00 | 0.00 | 78% | $527,694 | not yet reported | $0 | $0 | $0 | $0 |
| April 2024 | $8.9M | 90+ days delinquent | 4.20% | 0.00 | 0.00 | 78% | $571,668 | not yet reported | $0 | $0 | $0 | $0 |
| May 2024 | $8.9M | 90+ days delinquent | 4.20% | 0.00 | 0.00 | 78% | $615,644 | not yet reported | $0 | $0 | $0 | $0 |
| June 2024 | $8.9M | 90+ days delinquent | 4.20% | 0.00 | 0.00 | 78% | $659,618 | not yet reported | $0 | $0 | $0 | $0 |
| July 2024 | $8.9M | 90+ days delinquent | 4.20% | 0.00 | 0.00 | 78% | $703,594 | not yet reported | $0 | $0 | $0 | $0 |
| August 2024 | $8.9M | 90+ days delinquent | 4.20% | 0.00 | 0.00 | 78% | $747,568 | not yet reported | $0 | $0 | $0 | $0 |
| September 2024 | $8.9M | 90+ days delinquent | 4.20% | 0.00 | 0.00 | 78% | $791,543 | not yet reported | $0 | $0 | $0 | $0 |
| October 2024 | $8.9M | 90+ days delinquent | 4.20% | 0.00 | 0.00 | 78% | $835,518 | not yet reported | $0 | $0 | $0 | $0 |
| November 2024 | $8.9M | 90+ days delinquent | 4.20% | 0.00 | 0.00 | 78% | $879,493 | not yet reported | $0 | $0 | $0 | $0 |
| December 2024 | $8.9M | 90+ days delinquent | 4.20% | 0.00 | 0.00 | 78% | $923,469 | not yet reported | $0 | $0 | $0 | $0 |
| January 2025 | $8.9M | 90+ days delinquent | 4.20% | 0.00 | 0.00 | 78% | $967,444 | not yet reported | $0 | $0 | $0 | $0 |
| February 2025 | $8.9M | 90+ days delinquent | 4.20% | 0.00 | 0.00 | 78% | $1.0M | not yet reported | $0 | $0 | $0 | $0 |
| March 2025 | $8.9M | 90+ days delinquent | 4.20% | 1.41 | 1.41 | 76% | $1.0M | 12-31-2024 | $1.3M | $529,541 | $744,539 | $744,539 |
| April 2025 | $8.9M | 90+ days delinquent | 4.20% | 1.41 | 1.41 | 76% | $1.1M | 12-31-2024 | $1.3M | $529,541 | $744,539 | $744,539 |
| May 2025 | $8.8M | 90+ days delinquent | 4.20% | 1.41 | 1.41 | 76% | $1.0M | 12-31-2024 | $1.3M | $529,541 | $744,539 | $744,539 |
| June 2025 | $8.8M | 90+ days delinquent | 4.20% | 1.41 | 1.41 | 76% | $1.0M | 12-31-2024 | $1.3M | $529,541 | $744,539 | $744,539 |
| July 2025 | $8.8M | 90+ days delinquent | 4.20% | 1.41 | 1.41 | 76% | $1.0M | 12-31-2024 | $1.3M | $529,541 | $744,539 | $744,539 |
| August 2025 | $8.8M | 90+ days delinquent | 4.20% | 1.41 | 1.41 | 76% | $1.0M | 12-31-2024 | $1.3M | $529,541 | $744,539 | $744,539 |
| September 2025 | $8.8M | 90+ days delinquent | 4.20% | 1.41 | 1.41 | 76% | $1.0M | 12-31-2024 | $1.3M | $529,541 | $744,539 | $744,539 |
Revenue, expenses, net operating income (NOI) and net cash flow (NCF) are the most recent financials reported as of each month, for the financial period ending on the date shown. DSCR is debt service coverage on the net cash flow and net operating income bases as reported.
Status timeline
| Date | Event |
|---|---|
| May 2023 | First reported 30 or more days delinquent |
| 2023-06-06 | Transferred to the special servicer |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.