Office portfolio, 11 properties · Richmond, Virginia
Hillcrest
Public CMBS trusts hold $59.0M of the loan on this portfolio at 3.48% that reaches its anticipated repayment date on December 6, 2026, in 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
- $59,000,000
- Original balance (same notes)
- $59,000,000
- Interest rate
- 3.48% fixed
- Originated
- December 1, 2021
- Maturity
- December 6, 2026
- Anticipated repayment date
- December 6, 2026 (the rate steps up if the loan is not repaid by then)
- Payments
- Interest only for 56 months, then amortizing
- Master servicer
- KeyBank Real Estate Capital
- Originator
- CREFI
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1801 Bayberry Court, Richmond, VA 23226
- Metro
- Richmond, VA
- Value at securitization
- $95.6M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 6 months) | n/a | $6.1M |
| Debt yield | 10.3% |
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.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Hillcrest | Richmond, VA | Office | 83% | 2.90x |
| Arrington | Richmond, VA | Office | 82% | n/a |
| Highland II | Richmond, VA | Office | 54% | n/a |
| Meridian | Richmond, VA | Office | 100% | n/a |
| Bayberry | Richmond, VA | Office | 85% | n/a |
| Highland I | Richmond, VA | Office | 100% | n/a |
| Capstone | Richmond, VA | Office | 100% | n/a |
| Forest Plaza I | Richmond, VA | Office | 38% | n/a |
| Forest Plaza II | Richmond, VA | Office | 93% | n/a |
| Utica | Richmond, VA | Office | 100% | n/a |
| Willard | Richmond, VA | Office | 100% | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $59.0M | Current | No | 2.90x | 83% |
| August 2026 | $59.0M | Late payment but less than 30 days delinquent | No | 2.90x | 83% |
| July 2026 | $59.0M | Late payment but less than 30 days delinquent | No | 2.90x | 83% |
| June 2026 | $59.0M | Late payment but less than 30 days delinquent | No | 2.90x | 83% |
| May 2026 | $59.0M | Current | No | 2.90x | 83% |
| April 2026 | $59.0M | Late payment but less than 30 days delinquent | No | 2.99x | 83% |
| March 2026 | $59.0M | Current | No | 3.04x | 83% |
| February 2026 | $59.0M | Late payment but less than 30 days delinquent | No | 3.04x | 83% |
| January 2026 | $59.0M | Current | No | 3.04x | 83% |
| December 2025 | $59.0M | Current | No | 3.04x | 83% |
| November 2025 | $59.0M | Current | No | 3.04x | 83% |
| October 2025 | $59.0M | Current | No | 3.00x | 83% |
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
The loan is split into 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2022-B32 Mortgage Trust | 20 | $30,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| Benchmark 2022-B33 Mortgage Trust | 19 | $20,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| Benchmark 2022-B34 Mortgage Trust | 28 | $9,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
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.