Hotel · Richmond, Virginia
Embassy Suites Richmond
Embassy Suites Richmond is financed with a $22.0M CMBS loan at 3.705% that reaches maturity on December 1, 2029, in 3 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $22,000,000
- Original balance (same notes)
- $22,000,000
- Interest rate
- 3.705% fixed
- Originated
- November 1, 2019
- Maturity
- December 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 31, 2029
- Master servicer
- Trimont LLC
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2925 Emerywood Parkway, Richmond, VA 23294
- Metro
- Richmond, VA
- Units, rooms or beds
- 225
- Built
- 1986, renovated 2018
- Value at securitization
- $44.5M (May 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 4.19x | 2.52x |
| Occupancy | 69% | 55% |
| Net operating income | $3.5M | $2.1M |
| Debt yield | 9.4% |
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 2019-BNK23 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
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 fallen from 69% when the loan was securitized to 55%.
- Net operating income is 40% below the underwritten figure ($2.1M a year against $3.5M).
- Debt service coverage moved from 4.19x at securitization to 2.52x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $22.0M | Current | No | 2.52x | 55% |
| August 2026 | $22.0M | Current | No | 2.52x | 55% |
| July 2026 | $22.0M | Current | No | 2.52x | 55% |
| June 2026 | $22.0M | Current | No | 2.52x | 55% |
| May 2026 | $22.0M | Current | No | 2.52x | 55% |
| April 2026 | $22.0M | Current | No | 2.68x | 56% |
| March 2026 | $22.0M | Current | No | 2.81x | 58% |
| February 2026 | $22.0M | Current | No | 2.81x | 58% |
| January 2026 | $22.0M | Current | No | 2.81x | 58% |
| December 2025 | $22.0M | Current | No | 2.81x | 58% |
| November 2025 | $22.0M | Current | No | 2.81x | 58% |
| October 2025 | $22.0M | Current | No | 2.69x | 58% |
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 2019-BNK23 | 20 | $22,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Richmond loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Hancock Village - Va | Chesterfield, VA | Retail | $16.9M | 4.925% | Jan 2029 | 2.05x | 99% | Current |
| Winterpock Crossing Shopping Center | Midlothian, VA | Retail | $12.3M | 7.07% | Aug 2029 | 1.45x | 98% | Current |
| Bell Creek Commons | Mechanicsville, VA | Retail | $8.2M | 4.57% | Apr 2029 | 1.58x | 74% | Current |
| The Crossings Shopping Center | Hopewell, VA | Retail | $8.1M | 4.98% | Jan 2029 | 2.28x | 93% | Current |
| Laburnum Square Shopping Center | Richmond, VA | Retail | $7.4M | 4.28% | Sep 2029 | 2.06x | 97% | Current |
| New York Life Building | Glen Allen, VA | Office | $7.4M | 4.53% | Jun 2029 | 0.96x | 92% | Current |
| Walnut Hill | Petersburg, VA | Retail | $6.3M | 3.939% | Dec 2029 | n/a | n/a | Current |
| Jefferson Storage | Prince George, VA | Self storage | $4.4M | 4.70% | Aug 2029 | 1.55x | 90% | 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.