Office · Sterling, Virginia
Loudoun Gateway II & III
Loudoun Gateway II & III is financed with a $29.4M CMBS loan at 3.70% that reaches maturity on November 1, 2029, in 3 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $29,410,000
- Original balance (same notes)
- $29,410,000
- Interest rate
- 3.70%
- Originated
- October 3, 2019
- Maturity
- November 1, 2029
- Payments
- Amortizing
- Master servicer
- KeyBank Real Estate Capital
- Originator
- KeyBank
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 45195 & 45200 Business Court, Sterling, VA 20166
- Metro
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Rentable area
- 179,864 sq ft
- Built
- 2000
- Largest tenants
- Six3 Advanced Systems Inc.; Six3 Advanced Systems Inc.; Northstrat Incorporated
- Value at securitization
- $45.3M (Aug 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 4.09x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | n/a | $4.5M |
| Debt yield | 15.4% |
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 BBCMS Mortgage Trust 2019-C5 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Largest tenant's lease ends 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
- The filing gives Jul 2027 as the lease end date for the largest tenant (Six3 Advanced Systems Inc.), 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 | $29.4M | Not reported | No | 4.09x | 100% |
| August 2026 | $29.4M | Not reported | No | 4.09x | 100% |
| July 2026 | $29.4M | Not reported | No | 3.37x | 100% |
| June 2026 | $29.4M | Not reported | No | 3.37x | 100% |
| May 2026 | $29.4M | Not reported | No | 3.37x | 100% |
| April 2026 | $29.4M | Not reported | No | 3.37x | 100% |
| March 2026 | $29.4M | Not reported | No | 3.37x | 100% |
| February 2026 | $29.4M | Not reported | No | 3.37x | 100% |
| January 2026 | $29.4M | Not reported | No | 3.39x | 100% |
| December 2025 | $29.4M | Not reported | No | 3.39x | 100% |
| November 2025 | $29.4M | Not reported | No | 3.44x | 100% |
| October 2025 | $29.4M | Not reported | No | 3.44x | 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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2019-C5 | 12 | $29,410,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Washington-Arlington-Alexandria loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Parklawn Building | Rockville, MD | Office | $261.6M | 3.398% | Nov 2029 | 2.79x | 73% | Current |
| 1812 North Moore | Arlington, VA | Office | $172.7M | 7.53% | May 2029 | 0.96x | 99% | Late, less than 30 days |
| Uline Arena | Washington, DC | Mixed use | $120.0M | 4.04% | Aug 2029 | 1.68x | 94% | Current |
| 425 Eye Street | Washington, DC | Office | $102.2M | 1.00% | Jan 2029 | 3.57x | 77% | Current |
| 2001 K Street | Washington, DC | Office | $95.0M | 7.388% | May 2029 | 1.43x | 97% | Current |
| Tysons Corner Center - Office Tower | McLean, VA | Office | $95.0M | 3.33% | Oct 2029 | n/a | n/a | Current |
| Potomac Tower | Arlington, VA | Office | $84.0M | 7.60% | Sep 2029 | 1.66x | 100% | Current |
| Powered Shell Portfolio - Manassas DC-18 | Manassas, VA | Industrial | $83.8M | 3.637% | Jul 2029 | n/a | n/a | Current |
All loans maturing in 2029 · All Washington-Arlington-Alexandria 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.