Mixed use · Newport News, Virginia
City Center at Oyster Point
City Center at Oyster Point is financed with a $57.8M CMBS loan at 6.82% 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
- $57,785,000
- Original balance (same notes)
- $57,785,000
- Interest rate
- 6.82% fixed
- Originated
- September 22, 2025
- Maturity
- October 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- June 5, 2030
- Master servicer
- Trimont LLC
- Originator
- German American Capital Corporation
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 701 Town Center Drive, Newport News, VA 23606
- Metro
- Virginia Beach-Chesapeake-Norfolk, VA-NC
- Rentable area
- 573,931 sq ft
- Built
- 2002
- Largest tenants
- The City of Newport; Riverside Healthcare; GSA LVA00848 (USAO)
- Value at securitization
- $88.5M (Jun 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.67x | n/a |
| Occupancy | 83% | n/a |
| Net operating income | $6.7M | n/a |
Watch flags
Computed from the Benchmark 2025-V18 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Largest tenant's lease ends within 12 months
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
- The filing gives Jul 2027 as the lease end date for the largest tenant (The City of Newport), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $57.8M | Current | No | n/a | n/a |
| August 2026 | $57.8M | Current | No | n/a | n/a |
| July 2026 | $57.8M | Current | No | n/a | n/a |
| June 2026 | $57.8M | Current | No | n/a | n/a |
| May 2026 | $57.8M | Current | No | n/a | n/a |
| April 2026 | $57.8M | Current | No | n/a | n/a |
| March 2026 | $57.8M | Current | No | n/a | n/a |
| February 2026 | $57.8M | Current | No | n/a | n/a |
| January 2026 | $57.8M | Current | No | n/a | n/a |
| December 2025 | $57.8M | Current | No | n/a | n/a |
| November 2025 | $57.8M | Current | No | n/a | n/a |
| October 2025 | $57.8M | 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2025-V18 Mortgage Trust | 4 | $57,785,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Virginia Beach-Chesapeake-Norfolk loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Storage Depot - Virginia Beach | Virginia Beach, VA | Self storage | $51.5M | 6.65% | Jan 2030 | 1.23x | 92% | Current |
| Cottage Grove Apartments | Newport News, VA | Multifamily | $43.0M | 6.26% | Mar 2030 | 1.13x | 92% | 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 |
| Peninsula Town Center, Hampton (2030 maturity) | Hampton, VA | Office | $16.2M | 4.25% | Jul 2030 | n/a | n/a | With the special servicer |
| 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 |
| Wyndham Garden Norfolk Downtown | Norfolk, VA | Hotel | $8.9M | 7.07% | Oct 2030 | n/a | n/a | Current |
All loans maturing in 2030 · 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.