Metro area
Virginia Beach-Chesapeake-Norfolk CMBS loans
The Virginia Beach-Chesapeake-Norfolk, VA-NC metro has 59 loans in public CMBS trusts with $1.3B outstanding. 10.4% of the balance is with a special servicer and 4.8% is delinquent. 10 loans ($70.6M) mature by the end of 2027.
Maturing by year
| Year | Loans | Balance |
|---|---|---|
| 2026 | 1 | $3.9M |
| 2027 | 8 | $53.1M |
| 2028 | 8 | $238.1M |
| 2029 | 14 | $295.8M |
| 2030 | 12 | $264.1M |
| 2031 | 9 | $161.4M |
By property type
| Type | Loans | Balance | Special servicing |
|---|---|---|---|
| Retail | 15 | $318.8M | 0.0% |
| Office | 7 | $214.4M | 41.0% |
| Industrial | 6 | $200.9M | 0.0% |
| Multifamily | 8 | $194.0M | 0.0% |
| Hotel | 12 | $142.3M | 23.5% |
| Self storage | 7 | $96.7M | 0.0% |
| Mixed use | 2 | $71.4M | 19.0% |
| Manufactured housing | 2 | $56.4M | 0.0% |
Due in the next 12 months
- 2026-12 1 loan, $3.9M
- 2027-01 1 loan, $7.2M
- 2027-03 1 loan, $12.8M
- 2027-06 1 loan, $8.1M
- 2027-07 1 loan, $7.3M
- 2027-08 2 loans, $9.0M
- 2027-09 1 loan, $4.1M
Loans in Virginia Beach-Chesapeake-Norfolk
All 59, largest first.
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 375 Kenyon Road | Suffolk, VA | Industrial | $163.1M | 2.484% | Apr 2028 | n/a | n/a | Current |
| Battlefield Tech I - Battlefield | Chesapeake, VA | Office | $108.2M | 5.30% | Apr 2029 | n/a | n/a | Current |
| Landstown Commons | Virginia Beach, VA | Retail | $73.4M | 6.10% | Feb 2036 | n/a | n/a | Current |
| JANAF Shopping Yard | Norfolk, VA | Retail | $60.0M | 5.31% | Jul 2032 | 2.21x | 90% | Current |
| City Center at Oyster Point | Newport News, VA | Mixed use | $57.8M | 6.82% | Oct 2030 | n/a | n/a | Current |
| Dominion Tower | Norfolk, VA | Office | $57.2M | 5.29% | Jan 2029 | 1.49x | 65% | With the special servicer |
| Storage Depot - Virginia Beach | Virginia Beach, VA | Self storage | $51.5M | 6.65% | Jan 2030 | 1.23x | 92% | Current |
| Magnolia Meadows Mobile Home Park | Suffolk, VA | Manufactured housing | $50.0M | 6.33% | May 2031 | n/a | n/a | Current |
| Crossways Shopping Center | Chesapeake, VA | Retail | $49.5M | 5.47% | Sep 2032 | 1.65x | 73% | Current |
| Norfolk Premium Outlets | Norfolk, VA | Retail | $48.1M | 4.50% | Apr 2032 | 2.29x | 87% | Current |
| Cottage Grove Apartments | Newport News, VA | Multifamily | $43.0M | 6.26% | Mar 2030 | 1.13x | 92% | Current |
| Christopher Crossing Apartments | Newport News, VA | Multifamily | $42.0M | 6.61% | Nov 2029 | 1.55x | 92% | Current |
| Norfolk Waterside Marriott | Norfolk, VA | Hotel | $33.5M | 7.915% | Jun 2028 | 0.40x | 68% | With the special servicer and 90+ days delinquent |
| Autumn Lakes | Newport News, VA | Multifamily | $29.3M | 4.785% | Mar 2032 | n/a | n/a | Current |
| Axis Apartments, Hampton | Hampton, VA | Multifamily | $27.0M | 3.85% | Nov 2031 | 2.16x | 99% | Current |
| Pillars at Great Bridge | Chesapeake, VA | Multifamily | $27.0M | 5.57% | Dec 2030 | n/a | n/a | Current |
| Residence Inn Chesapeake | Chesapeake, VA | Hotel | $26.0M | 7.52% | Aug 2030 | n/a | n/a | Current |
| Hampton Towne Centre | Hampton, VA | Retail | $22.1M | 6.783% | Feb 2031 | n/a | n/a | Current |
| Prime Storage | Williamsburg, VA | Self storage | $20.0M | 2.95% | Sep 2031 | n/a | n/a | Current |
| Peninsula Town Center, Hampton (2030 maturity) | Hampton, VA | Office | $16.2M | 4.25% | Jul 2030 | n/a | n/a | With the special servicer |
| Virginia Portfolio | Hampton, VA | Multifamily | $15.3M | 6.46% | Oct 2031 | n/a | n/a | Current |
| Town Point Center | Norfolk, VA | Office | $14.5M | 5.35% | Jan 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| London Bridge Industrial | Virginia Beach, VA | Industrial | $14.0M | 6.56% | Aug 2029 | 1.48x | 100% | Current |
| Delta Hotels | Chesapeake, VA | Hotel | $13.8M | 4.65% | Oct 2029 | n/a | n/a | Current |
| Peninsula Town Center, Hampton (2025 maturity) | Hampton, VA | Mixed use | $13.6M | 4.83% | Dec 2025 | n/a | n/a | Past maturity and not performing |
| Greenbrier Towers I & II | Chesapeake, VA | Office | $12.8M | 4.50% | Mar 2027 | 2.80x | 90% | Current |
| Mercury Plaza | Hampton, VA | Retail | $12.5M | 3.06% | Dec 2030 | n/a | n/a | Current |
| Chesapeake | Chesapeake, VA | Industrial | $10.6M | 4.04% | Aug 2030 | 3.54x | 100% | Current |
| Springhill Suites Chesapeake | Chesapeake, VA | Hotel | $10.5M | 4.90% | Jun 2029 | 1.83x | 80% | Current |
| Residence Inn by Marriott Newport News Airport | Newport News, VA | Hotel | $9.7M | 4.851% | Sep 2028 | 2.10x | 68% | Current |
| Harbourview North | Suffolk, VA | Retail | $9.5M | 4.98% | Apr 2029 | n/a | n/a | Current |
| Centerbrooke Self Storage | Suffolk, VA | Self storage | $9.5M | 3.60% | Oct 2031 | n/a | n/a | Current |
| Wyndham Garden Norfolk Downtown | Norfolk, VA | Hotel | $8.9M | 7.07% | Oct 2030 | n/a | n/a | Current |
| Embassy Suites - Williamsburg | Williamsburg, VA | Hotel | $8.6M | 4.55% | Jun 2029 | 1.82x | 66% | Current |
| Bennetts Creek Crossing | Suffolk, VA | Retail | $8.1M | 4.56% | Jun 2027 | 1.91x | 97% | Current |
| Springhill Suites - Norfolk, Va | Norfolk, VA | Hotel | $7.7M | 5.483% | May 2028 | 1.88x | 73% | Current |
| Hampton Inn Norfolk | Norfolk, VA | Hotel | $7.3M | 4.228% | Jul 2027 | 3.27x | 84% | Current |
| Haynes Furniture Store | Virginia Beach, VA | Retail | $7.2M | 5.097% | Jan 2027 | 2.15x | 100% | Current |
| Dam Neck Shopping Center | Virginia Beach, VA | Retail | $6.9M | 5.28% | Apr 2028 | 2.42x | 98% | Current |
| Hampton Inn & Suites Williamsburg Historic District | Williamsburg, VA | Hotel | $6.5M | 4.45% | Aug 2027 | 1.93x | 53% | Current |
| Davis Mhp | Newport News, VA | Manufactured housing | $6.3M | 7.26% | Sep 2028 | 1.50x | 96% | Current |
| 930 Providence Road | Norfolk, VA | Multifamily | $6.3M | 3.30% | Sep 2031 | n/a | n/a | Current |
| Warwick Self Storage | Newport News, VA | Self storage | $6.2M | 3.51% | Oct 2031 | n/a | n/a | Current |
| Holiday Inn Express Newport News | Newport News, VA | Hotel | $6.0M | 5.225% | Apr 2028 | 1.56x | 64% | Current |
| Walgreens - Newport News, Va | Newport News, VA | Retail | $5.1M | 4.66% | Apr 2031 | 1.86x | 100% | Current |
| Newport News Flex Portfolio | Newport News, VA | Industrial | $4.8M | 5.19% | Feb 2028 | 3.24x | 95% | Current |
| Volvo Commons | Chesapeake, VA | Retail | $4.5M | 4.12% | Feb 2030 | 1.76x | 100% | Current |
| Las Gaviotas Shopping Center | Chesapeake, VA | Retail | $4.5M | 4.55% | Dec 2027 | 4.57x | 98% | Current |
| Incubator Road Flex | Hampton, VA | Industrial | $4.5M | 5.38% | Jun 2032 | 1.46x | 97% | Current |
| Sterling Oaks | Norfolk, VA | Multifamily | $4.1M | 4.365% | Sep 2027 | 1.01x | 98% | Current |
| American Classic Self Storage | Virginia Beach, VA | Self storage | $4.0M | 3.70% | Aug 2029 | 3.94x | 85% | Current |
| Greenbrier Industrial Portfolio | Chesapeake, VA | Industrial | $3.9M | 4.92% | Dec 2026 | 2.02x | 100% | Current |
| Walgreens Newport News | Newport News, VA | Retail | $3.9M | 4.12% | Sep 2030 | n/a | n/a | Current |
| Best Western Plus - Newport News | Newport News, VA | Hotel | $3.7M | 4.75% | Sep 2029 | 0.86x | 34% | Current |
| Shoppes at Gloucester | Gloucester, VA | Retail | $3.5M | 5.70% | Jan 2029 | 0.43x | 55% | Current |
| Qwik Stor Self Storage | Hampton, VA | Self storage | $3.4M | 4.14% | Oct 2029 | 2.95x | 98% | Current |
| 4012 & 4016 Raintree Road | Chesapeake, VA | Office | $3.0M | 3.62% | Sep 2029 | 3.19x | 90% | Current |
| 5544 Greenwich Road | Virginia Beach, VA | Office | $2.5M | 5.071% | Aug 2027 | 1.16x | 85% | Current |
| Airline Self Storage | Portsmouth, VA | Self storage | $2.1M | 4.00% | Sep 2030 | 2.17x | 98% | Current |
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