Retail · Chesterfield, Virginia
Hancock Village - Va
Hancock Village - Va is financed with a $16.9M CMBS loan at 4.925% that reaches maturity on January 11, 2029, in 2 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $16,899,990
- Original balance (same notes)
- $17,900,000
- Interest rate
- 4.925% fixed
- Originated
- December 17, 2018
- Maturity
- January 11, 2029
- Payments
- Interest only for 48 months, then amortizing
- Prepayment lockout ends
- September 10, 2028
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 7300-7329 Hancock Village Drive and 14620-14645 Hancock Village Street, Chesterfield, VA 23832
- Metro
- Richmond, VA
- Rentable area
- 153,887 sq ft
- Built
- 2011
- Largest tenants
- Hobby Lobby; Dick's Sporting Goods; Five Below Inc.
- Value at securitization
- $24.0M (Nov 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.68x | 2.05x |
| Occupancy | 97% | 99% |
| Net operating income (annualized from 6 months) | $1.9M | $2.4M |
| Debt yield | 14.0% |
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 BANK 2019-BNK16 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 23% above the underwritten figure ($2.4M a year against $1.9M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.68x at securitization to 2.05x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $16.9M | Current | No | 2.05x | 99% |
| August 2026 | $16.9M | Current | No | 2.04x | 100% |
| July 2026 | $16.9M | Current | No | 2.04x | 100% |
| June 2026 | $17.0M | Current | No | 2.04x | 100% |
| May 2026 | $17.0M | Current | No | 2.02x | 100% |
| April 2026 | $12.7M | Current | No | 4.21x | 89% |
| March 2026 | $17.0M | Current | No | 2.02x | 100% |
| February 2026 | $17.1M | Current | No | 2.02x | 100% |
| January 2026 | $17.1M | Current | No | 1.99x | 100% |
| December 2025 | $17.1M | Current | No | 1.99x | 100% |
| November 2025 | $17.1M | Current | No | 1.99x | 100% |
| October 2025 | $17.2M | Current | No | 1.94x | 100% |
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-BNK16 | 17 | $16,899,990 | Sep 2026 | SEC filing, September 29, 2026 |
Other Richmond loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Embassy Suites Richmond | Richmond, VA | Hotel | $22.0M | 3.705% | Dec 2029 | 2.52x | 55% | 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.