Retail · Danville, Virginia
Coleman Marketplace
Coleman Marketplace is financed with a $14.3M CMBS loan at 6.65% that reaches maturity on July 6, 2033, in 6 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $14,307,880
- Original balance (same notes)
- $14,473,000
- Interest rate
- 6.65% fixed
- Originated
- June 13, 2023
- Maturity
- July 6, 2033
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- April 5, 2033
- Master servicer
- SCP SERVICING, LLC
- Originator
- RRECM Capital II, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 145 & 165 Holt Garrison Parkway, Danville, VA 24540
- Rentable area
- 201,675 sq ft
- Built
- 2007
- Largest tenants
- Marshall's #0731; Ross Dress for Less #1230; Burkes Outlet and Home Centric Store #745
- Value at securitization
- $23.9M (May 2023)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.77x | 1.90x |
| Occupancy | 87% | 93% |
| Net operating income (annualized from 6 months) | $2.0M | $4.3M |
| Debt yield | 29.8% |
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 BMO 2023-C7 Mortgage Trust 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.
What the filing shows
- Occupancy has risen from 87% when the loan was securitized to 93%.
- Net operating income is 116% above the underwritten figure ($4.3M a year against $2.0M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.77x at securitization to 1.90x on the latest statements.
- The filing gives Aug 2028 as the lease end date for the largest tenant (Marshall's #0731), 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 | $14.3M | Current | No | 1.90x | 93% |
| August 2026 | $14.3M | Current | No | 1.90x | 93% |
| July 2026 | $14.3M | Current | No | n/a | n/a |
| June 2026 | $14.3M | Current | No | n/a | n/a |
| May 2026 | $14.4M | Current | No | n/a | n/a |
| April 2026 | $14.4M | Current | No | 1.82x | 93% |
| March 2026 | $14.4M | Current | No | 1.82x | 93% |
| February 2026 | $14.4M | Current | No | 1.82x | 93% |
| January 2026 | $14.4M | Current | No | 1.86x | 91% |
| December 2025 | $14.4M | Current | No | 1.86x | 91% |
| November 2025 | $14.4M | Current | No | 2.16x | 91% |
| October 2025 | $14.4M | Current | No | 2.16x | 89% |
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 |
|---|---|---|---|---|
| BMO 2023-C7 Mortgage Trust | 23 | $14,307,880 | Sep 2026 | SEC filing, October 2, 2026 |
Other Virginia loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Ashburn Data Center | Ashburn, VA | Office | $60.0M | 5.95% | Jun 2033 | 2.49x | 99% | Current |
| Twin County Plaza | Galax, VA | Retail | $53.0M | 6.815% | Oct 2033 | n/a | n/a | Current |
| North Run Business Park | Richmond, VA | Industrial | $34.0M | 7.37% | Jun 2033 | 1.27x | 83% | Current |
| Chesterfield Marketplace | North Chesterfield, VA | Retail | $15.5M | 6.623% | May 2033 | 1.42x | 100% | Current |
| Lorton Station Medical Center - Va | Lorton, VA | Office | $13.5M | 7.596% | Jul 2033 | 1.52x | 100% | Current |
| Autozone Center | Leesburg, VA | Retail | $11.3M | 7.15% | Jun 2033 | 1.85x | 97% | Current |
| Mini U Storage - Springfield | Springfield, VA | Self storage | $7.0M | 6.60% | May 2033 | n/a | n/a | Current |
| CVS - Fredericksburg | Fredericksburg, VA | Retail | $3.7M | 6.83% | Apr 2033 | 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.