Multifamily portfolio, 5 properties · Norfolk, Virginia
930 Providence Road
This portfolio is financed with a $6.3M CMBS loan at 3.30% that reaches maturity on September 1, 2031, in 4 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $6,274,149
- Original balance (same notes)
- $7,000,000
- Interest rate
- 3.30% fixed
- Originated
- August 31, 2021
- Maturity
- September 1, 2031
- Payments
- Amortizing over 30 years
- Master servicer
- KeyBank Real Estate Capital
- Originator
- KeyBank
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 930 Providence Road, Norfolk, VA 23325
- Metro
- Virginia Beach-Chesapeake-Norfolk, VA-NC
- Value at securitization
- $11.7M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | n/a | $790K |
| Debt yield | 12.6% |
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 Morgan Stanley Capital I Trust 2021-L7 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| 930 Providence Road | Norfolk, VA | Multifamily | 100% | 2.15x |
| 710-722 E 29th Street | Norfolk, VA | Multifamily | 89% | n/a |
| 2011 Chesapeake Drive | Norfolk, VA | Multifamily | 100% | n/a |
| 811-819 E 29th Street | Norfolk, VA | Multifamily | 88% | n/a |
| 1507 O'Keefe Street | Norfolk, VA | Multifamily | 96% | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.3M | Not reported | No | 2.15x | 100% |
| August 2026 | $6.3M | Not reported | No | 2.11x | 91% |
| July 2026 | $6.3M | Not reported | No | n/a | 92% |
| June 2026 | $6.3M | Not reported | No | 2.11x | 91% |
| May 2026 | $6.3M | Not reported | No | 2.07x | 91% |
| April 2026 | $6.3M | Not reported | No | 2.07x | 100% |
| March 2026 | $6.4M | Not reported | No | n/a | 100% |
| February 2026 | $6.4M | Not reported | No | 2.07x | 100% |
| January 2026 | $6.4M | Not reported | No | 1.91x | 100% |
| December 2025 | $6.4M | Not reported | No | 1.91x | 100% |
| November 2025 | $6.4M | Not reported | No | 1.91x | 100% |
| October 2025 | $6.4M | Not reported | No | 1.94x | 100% |
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 |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2021-L7 | 43 | $6,274,149 | Sep 2026 | SEC filing, October 2, 2026 |
Other Virginia Beach-Chesapeake-Norfolk loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Magnolia Meadows Mobile Home Park | Suffolk, VA | Manufactured housing | $50.0M | 6.33% | May 2031 | n/a | n/a | Current |
| Axis Apartments, Hampton | Hampton, VA | Multifamily | $27.0M | 3.85% | Nov 2031 | 2.16x | 99% | 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 |
| Virginia Portfolio | Hampton, VA | Multifamily | $15.3M | 6.46% | Oct 2031 | n/a | n/a | Current |
| Centerbrooke Self Storage | Suffolk, VA | Self storage | $9.5M | 3.60% | Oct 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 |
| Walgreens - Newport News, Va | Newport News, VA | Retail | $5.1M | 4.66% | Apr 2031 | 1.86x | 100% | Current |
All loans maturing in 2031 · All Virginia Beach-Chesapeake-Norfolk loans
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.