Office · Rockville, Maryland
9911 Belward
Public CMBS trusts hold $128.7M of the loan on 9911 Belward at 5.00% that reaches maturity on October 6, 2030, in 3 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $128,740,000
- Original balance (same notes)
- $128,740,000
- Interest rate
- 5.00% fixed
- Originated
- September 30, 2025
- Maturity
- October 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- November 5, 2027
- Prepayment premium ends
- April 5, 2030 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- German American Capital Corporation, Barclays Capital Real Estate Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 9911 Belward Campus Drive, Rockville, MD 20850
- Metro
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Rentable area
- 289,912 sq ft
- Built
- 2005
- Largest tenants
- Human Genome Sciences, Inc.
- Value at securitization
- $317.0M (Aug 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 3.41x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $22.3M | n/a |
Watch flags
Computed from the Benchmark 2025-V19 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $128.7M | Current | No | n/a | n/a |
| August 2026 | $128.7M | Current | No | n/a | n/a |
| July 2026 | $128.7M | Current | No | n/a | n/a |
| June 2026 | $128.7M | Current | No | n/a | n/a |
| May 2026 | $128.7M | Current | No | n/a | n/a |
| April 2026 | $128.7M | Current | No | n/a | n/a |
| March 2026 | $128.7M | Current | No | n/a | n/a |
| February 2026 | $128.7M | Current | No | n/a | n/a |
| January 2026 | $104.0M | Current | No | n/a | n/a |
| December 2025 | $104.0M | Current | No | n/a | n/a |
| November 2025 | $80.0M | Current | No | n/a | n/a |
| October 2025 | $80.0M | Payment not received but still in grace period or not yet due | No | n/a | n/a |
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
The loan is split into 4 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2025-V18 Mortgage Trust | 1 | $55,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| Benchmark 2025-V18 Mortgage Trust | 1A | $25,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| BBCMS Mortgage Trust 2026-5C40 | 10 | $24,740,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Benchmark 2025-V19 Mortgage Trust | 9 | $24,000,000 | Sep 2026 | SEC filing, September 30, 2026 |
Other Washington-Arlington-Alexandria loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Springfield Town Center | Springfield, VA | Retail | $150.0M | 7.115% | Jul 2030 | 1.56x | 96% | Current |
| Four Constitution Square | Washington, DC | Office | $138.0M | 2.536% | Nov 2030 | 5.02x | 100% | Current |
| The Wharf | Washington, DC | Other | $102.5M | 5.439% | Jul 2030 | n/a | n/a | Current |
| The Liz | Washington, DC | Mixed use | $93.0M | 4.45% | Aug 2030 | 1.54x | 92% | Current |
| 1401 H | Washington, DC | Office | $78.0M | 6.80% | Apr 2030 | 1.42x | 79% | Current |
| 3170 & 3180 Fairview Park Drive | Falls Church, VA | Office | $51.7M | 3.288% | Nov 2030 | 2.44x | 98% | Current |
| St. Charles Towne Plaza | Waldorf, MD | Retail | $28.5M | 6.83% | Jun 2030 | 1.90x | 100% | Current |
| Centrepointe Business Park | Landover, MD | Industrial | $27.0M | 7.35% | Apr 2030 | 1.54x | 82% | Current |
All loans maturing in 2030 · All Washington-Arlington-Alexandria 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.