Multifamily · Chesapeake, Virginia
Pillars at Great Bridge
Pillars at Great Bridge is financed with a $27.0M CMBS loan at 5.57% that reaches maturity on December 6, 2030, in 4 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
- $26,965,000
- Original balance (same notes)
- $26,965,000
- Interest rate
- 5.57% fixed
- Originated
- November 12, 2025
- Maturity
- December 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- September 5, 2030
- Master servicer
- Midland Loan Services
- Originator
- MF1 Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 124 Fairwind Drive, Chesapeake, VA 23320
- Metro
- Virginia Beach-Chesapeake-Norfolk, VA-NC
- Units, rooms or beds
- 192
- Built
- 2009, renovated 2021
- Value at securitization
- $38.7M (Jul 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.47x | n/a |
| Occupancy | 95% | n/a |
| Net operating income | $2.2M | n/a |
Watch flags
Computed from the JPMF1 Multifamily Mortgage Trust 2026-FX1 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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.
The last 4 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $27.0M | Current | No | n/a | n/a |
| August 2026 | $27.0M | Current | No | n/a | n/a |
| July 2026 | $27.0M | Current | No | n/a | n/a |
| June 2026 | $27.0M | Current | No | 1.38x | n/a |
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 |
|---|---|---|---|---|
| JPMF1 Multifamily Mortgage Trust 2026-FX1 | 16 | $26,965,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Virginia Beach-Chesapeake-Norfolk loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| City Center at Oyster Point | Newport News, VA | Mixed use | $57.8M | 6.82% | Oct 2030 | n/a | n/a | Current |
| Storage Depot - Virginia Beach | Virginia Beach, VA | Self storage | $51.5M | 6.65% | Jan 2030 | 1.23x | 92% | Current |
| Cottage Grove Apartments | Newport News, VA | Multifamily | $43.0M | 6.26% | Mar 2030 | 1.13x | 92% | Current |
| Residence Inn Chesapeake | Chesapeake, VA | Hotel | $26.0M | 7.52% | Aug 2030 | n/a | n/a | Current |
| Peninsula Town Center, Hampton (2030 maturity) | Hampton, VA | Office | $16.2M | 4.25% | Jul 2030 | n/a | n/a | With the special servicer |
| Mercury Plaza | Hampton, VA | Retail | $12.5M | 3.06% | Dec 2030 | n/a | n/a | Current |
| Chesapeake | Chesapeake, VA | Industrial | $10.6M | 4.04% | Aug 2030 | 3.54x | 100% | Current |
| Wyndham Garden Norfolk Downtown | Norfolk, VA | Hotel | $8.9M | 7.07% | Oct 2030 | n/a | n/a | Current |
All loans maturing in 2030 · 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.