Retail · Manassas, Virginia
Davis Ford Crossing
Davis Ford Crossing is financed with a $33.3M CMBS loan at 6.662% that reaches maturity on July 6, 2035, in 8 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
- $33,250,000
- Original balance (same notes)
- $33,250,000
- Interest rate
- 6.662% fixed
- Originated
- June 25, 2025
- Maturity
- July 6, 2035
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 5, 2035
- Master servicer
- Midland
- Originator
- UBS AG
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 9860, 9870-9890 Liberia Avenue 10055 Wellington Rd, 9898-9972 Liberia Ave, Manassas, VA 20110
- Metro
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Rentable area
- 155,061 sq ft
- Built
- 1990, renovated 2015
- Largest tenants
- LA Fitness #48630; Staples #1647; Petco Animal Supplies Stores #28
- Value at securitization
- $49.4M (Apr 2025)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.54x | 1.75x |
| Occupancy | 95% | 95% |
| Net operating income (annualized from 3 months) | $3.5M | $4.0M |
| Debt yield | 12.0% |
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 BBCMS Mortgage Trust 2025-C35 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 16% above the underwritten figure ($4.0M a year against $3.5M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.54x at securitization to 1.75x on the latest statements.
- The filing gives Jun 2029 as the lease end date for the largest tenant (LA Fitness #48630), 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 | $33.3M | Current | No | 1.75x | 95% |
| August 2026 | $33.3M | Current | No | 1.75x | 95% |
| July 2026 | $33.3M | Current | No | 1.75x | 95% |
| June 2026 | $33.3M | Current | No | 1.75x | 95% |
| May 2026 | $33.3M | Current | No | 1.75x | 95% |
| April 2026 | $33.3M | Current | No | 1.48x | 95% |
| March 2026 | $33.3M | Current | No | 1.48x | 95% |
| February 2026 | $33.3M | Current | No | 1.48x | 95% |
| January 2026 | $33.3M | Current | No | n/a | n/a |
| December 2025 | $33.3M | Current | No | n/a | n/a |
| November 2025 | $33.3M | Current | No | n/a | n/a |
| October 2025 | $33.3M | Current | 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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2025-C35 | 8 | $33,250,000 | 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 |
| Burke Centre | Burke, VA | Retail | $88.0M | 6.39% | Oct 2035 | 1.22x | 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 |
| 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.