Retail · Burke, Virginia
Burke Centre
Burke Centre is financed with a $88.0M CMBS loan at 6.39% that reaches maturity on October 1, 2035, in 8 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
- $88,000,000
- Original balance (same notes)
- $88,000,000
- Interest rate
- 6.39% fixed
- Originated
- September 18, 2025
- Maturity
- October 1, 2035
- Payments
- Interest only for the full term
- Prepayment premium ends
- March 31, 2035 (yield maintenance)
- Master servicer
- Midland
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 5649-5815 Burke Centre Parkway, Burke, VA 22015
- Metro
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Rentable area
- 229,831 sq ft
- Built
- 1980
- Largest tenants
- KOHLS INC; SAFEWAY STORE 4002; CVS PHARMACY 01378L01
- Value at securitization
- $129.3M (Aug 2025)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.41x | 1.22x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $8.0M | $14.1M |
| Debt yield | 16.0% |
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 BANK 2025-BNK51 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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.
What the filing shows
- Net operating income is 75% above the underwritten figure ($14.1M a year against $8.0M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.41x at securitization to 1.22x on the latest statements.
- The filing gives Apr 2029 as the lease end date for the largest tenant (KOHLS INC), before the loan matures. Lenders look hard at that rollover.
The last 10 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $88.0M | Current | No | 1.22x | 100% |
| August 2026 | $88.0M | Current | No | 1.20x | 100% |
| July 2026 | $88.0M | Current | No | 1.20x | 100% |
| June 2026 | $88.0M | Current | No | 1.20x | 100% |
| May 2026 | $88.0M | Current | No | 1.20x | 100% |
| April 2026 | $88.0M | Current | No | n/a | n/a |
| March 2026 | $88.0M | Current | No | n/a | n/a |
| February 2026 | $88.0M | Current | No | n/a | n/a |
| January 2026 | $88.0M | Current | No | n/a | n/a |
| December 2025 | $88.0M | Current | No | 1.40x | 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 |
|---|---|---|---|---|
| BANK 2025-BNK51 | 3 | $88,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Washington-Arlington-Alexandria loans due in 2035
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Marriott HQ | Bethesda, MD | Office | $199.1M | 5.491% | Mar 2035 | 2.04x | 100% | Current |
| Brandywine Regency Warehouse & Distribution Center | Brandywine, MD | Industrial | $75.1M | 6.62% | Dec 2035 | 3.17x | 100% | Current |
| Fishers Twinbrook | Rockville, MD | Mixed use | $46.0M | 5.449% | Dec 2035 | 3.15x | 100% | Current |
| Capitol Hill Hotel | Washington, DC | Hotel | $34.5M | 6.82% | Nov 2035 | -0.04x | n/a | Current |
| Davis Ford Crossing | Manassas, VA | Retail | $33.3M | 6.662% | Jul 2035 | 1.75x | 95% | Current |
| Security Public Storage Bethesda | Bethesda, MD | Self storage | $24.8M | 5.989% | Sep 2035 | 1.68x | 100% | Current |
| Marriott World Headquarters | Bethesda, MD | Office | $24.0M | 5.491% | Mar 2035 | 2.04x | 100% | Current |
| Security Public Storage Herndon | Herndon, VA | Self storage | $11.5M | 5.969% | Oct 2035 | n/a | n/a | Current |
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.