Office · Chesapeake, Virginia
Greenbrier Towers I & II
Greenbrier Towers I & II is financed with a $12.8M CMBS loan at 4.50% that reaches its anticipated repayment date on March 6, 2027, in 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $12,844,332
- Original balance (same notes)
- $13,500,000
- Interest rate
- 4.50% fixed
- Originated
- February 10, 2022
- Maturity
- March 6, 2027
- Anticipated repayment date
- March 6, 2027 (the rate steps up if the loan is not repaid by then)
- Payments
- Interest only for 17 months, then amortizing
- Master servicer
- KeyBank Real Estate Capital
- Originator
- CREFI
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 860 and 870 Greenbrier Circle, Chesapeake, VA 23320
- Metro
- Virginia Beach-Chesapeake-Norfolk, VA-NC
- Rentable area
- 171,762 sq ft
- Built
- 1985, renovated 2018
- Largest tenants
- Frontier Technology; Gryphon Technologies LC; MI Technical Solutions Inc
- Value at securitization
- $21.3M (Jan 2022)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 2.80x |
| Occupancy | 73% | 90% |
| Net operating income (annualized from 6 months) | n/a | $2.3M |
| Debt yield | 18.1% |
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 Benchmark 2022-B34 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Matures 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
- Occupancy has risen from 73% when the loan was securitized to 90%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $12.8M | Not reported | No | 2.80x | 90% |
| August 2026 | $12.9M | Not reported | No | 2.80x | 90% |
| July 2026 | $12.9M | Not reported | No | 2.55x | 89% |
| June 2026 | $12.9M | Not reported | No | 2.55x | 89% |
| May 2026 | $12.9M | Not reported | No | 2.55x | 89% |
| April 2026 | $12.9M | Not reported | No | 2.61x | 89% |
| March 2026 | $13.0M | Not reported | No | 2.31x | 89% |
| February 2026 | $13.0M | Not reported | No | 2.61x | 89% |
| January 2026 | $13.0M | Not reported | No | 2.75x | 89% |
| December 2025 | $13.0M | Not reported | No | 2.64x | 89% |
| November 2025 | $13.0M | Not reported | No | 2.75x | 87% |
| October 2025 | $13.1M | Not reported | No | 2.75x | 87% |
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 2022-B34 Mortgage Trust | 22 | $12,844,332 | Sep 2026 | SEC filing, October 1, 2026 |
Other Virginia Beach-Chesapeake-Norfolk loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Bennetts Creek Crossing | Suffolk, VA | Retail | $8.1M | 4.56% | Jun 2027 | 1.91x | 97% | Current |
| Hampton Inn Norfolk | Norfolk, VA | Hotel | $7.3M | 4.228% | Jul 2027 | 3.27x | 84% | Current |
| Haynes Furniture Store | Virginia Beach, VA | Retail | $7.2M | 5.097% | Jan 2027 | 2.15x | 100% | Current |
| Hampton Inn & Suites Williamsburg Historic District | Williamsburg, VA | Hotel | $6.5M | 4.45% | Aug 2027 | 1.93x | 53% | Current |
| Las Gaviotas Shopping Center | Chesapeake, VA | Retail | $4.5M | 4.55% | Dec 2027 | 4.57x | 98% | Current |
| Sterling Oaks | Norfolk, VA | Multifamily | $4.1M | 4.365% | Sep 2027 | 1.01x | 98% | Current |
| 5544 Greenwich Road | Virginia Beach, VA | Office | $2.5M | 5.071% | Aug 2027 | 1.16x | 85% | Current |
All loans maturing in 2027 · 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.