Retail · Virginia Beach, Virginia
Dam Neck Shopping Center
Dam Neck Shopping Center is financed with a $6.9M CMBS loan at 5.28% that reaches maturity on April 6, 2028, in 17 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $6,905,245
- Original balance (same notes)
- $8,000,000
- Interest rate
- 5.28% fixed
- Originated
- April 5, 2018
- Maturity
- April 6, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- January 5, 2028
- Master servicer
- Trimont LLC
- Originator
- BSPRT Finance, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1630-1650 General Booth Boulevard, Virginia Beach, VA 23454
- Metro
- Virginia Beach-Chesapeake-Norfolk, VA-NC
- Rentable area
- 131,100 sq ft
- Built
- 1991
- Largest tenants
- USF S&H VIRGINIA LLC; VA Vintage LLC; Rudolph Construction Partners
- Value at securitization
- $13.8M (Dec 2017)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.51x | 2.42x |
| Occupancy | 86% | 98% |
| Net operating income (annualized from 3 months) | $801K | $1.3M |
| Debt yield | 18.9% |
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 JPMDB Commercial Mortgage Securities Trust 2018-C8 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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 86% when the loan was securitized to 98%.
- Net operating income is 63% above the underwritten figure ($1.3M a year against $801K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.51x at securitization to 2.42x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.9M | Current | No | 2.42x | 98% |
| August 2026 | $6.9M | Current | No | 2.42x | 98% |
| July 2026 | $6.9M | Current | No | 1.80x | 98% |
| June 2026 | $6.9M | Current | No | 1.80x | 98% |
| May 2026 | $7.0M | Current | No | 2.12x | 98% |
| April 2026 | $7.0M | Current | No | 2.12x | 98% |
| March 2026 | $7.0M | Current | No | 2.12x | 98% |
| February 2026 | $7.0M | Current | No | 2.12x | 98% |
| January 2026 | $7.0M | Current | No | 1.77x | 98% |
| December 2025 | $7.0M | Current | No | 1.77x | 98% |
| November 2025 | $7.0M | Current | No | 1.77x | 98% |
| October 2025 | $7.0M | Current | No | 1.77x | 98% |
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 |
|---|---|---|---|---|
| JPMDB Commercial Mortgage Securities Trust 2018-C8 | 26 | $6,905,245 | Sep 2026 | SEC filing, September 28, 2026 |
Other Virginia Beach-Chesapeake-Norfolk loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 375 Kenyon Road | Suffolk, VA | Industrial | $163.1M | 2.484% | Apr 2028 | n/a | n/a | Current |
| Norfolk Waterside Marriott | Norfolk, VA | Hotel | $33.5M | 7.915% | Jun 2028 | 0.40x | 68% | With the special servicer and 90+ days delinquent |
| Residence Inn by Marriott Newport News Airport | Newport News, VA | Hotel | $9.7M | 4.851% | Sep 2028 | 2.10x | 68% | Current |
| Springhill Suites - Norfolk, Va | Norfolk, VA | Hotel | $7.7M | 5.483% | May 2028 | 1.88x | 73% | Current |
| Davis Mhp | Newport News, VA | Manufactured housing | $6.3M | 7.26% | Sep 2028 | 1.50x | 96% | Current |
| Holiday Inn Express Newport News | Newport News, VA | Hotel | $6.0M | 5.225% | Apr 2028 | 1.56x | 64% | Current |
| Newport News Flex Portfolio | Newport News, VA | Industrial | $4.8M | 5.19% | Feb 2028 | 3.24x | 95% | Current |
All loans maturing in 2028 · 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.