Office · Richmond, Virginia
Richmond Medical Office
Richmond Medical Office is financed with a $3.6M CMBS loan at 6.345% that reaches maturity on January 6, 2033, in 6 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer.
The loan
- Balance in tracked trusts
- $3,625,000
- Original balance (same notes)
- $3,625,000
- Interest rate
- 6.345% fixed
- Originated
- December 15, 2022
- Maturity
- January 6, 2033
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 5, 2032
- Master servicer
- Midland
- Originator
- BSPRT CMBS Finance, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred August 20, 2025
- Workout strategy
- Other
- Defeasance
- None reported
The property
- Address
- 7110 Forest Avenue, Richmond, VA 23226
- Metro
- Richmond, VA
- Rentable area
- 31,116 sq ft
- Built
- 1986, renovated 2019
- Largest tenants
- CRP Partners LLC Clinical; CRP Partners LLC Admin; Infusion Solutions, LLC
- Value at securitization
- $7.0M (Oct 2022)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.95x | n/a |
| Occupancy | 86% | n/a |
| Net operating income | $456K | n/a |
Watch flags
Computed from the BMO 2023-C5 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- With the special servicer
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
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 Mar 2030 as the lease end date for the largest tenant (CRP Partners LLC Clinical), 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 | $3.6M | Current | Yes | n/a | n/a |
| August 2026 | $3.6M | Current | Yes | n/a | n/a |
| July 2026 | $3.6M | Current | Yes | n/a | n/a |
| June 2026 | $3.6M | Current | Yes | n/a | n/a |
| May 2026 | $3.6M | Current | Yes | n/a | n/a |
| April 2026 | $3.6M | Late payment but less than 30 days delinquent | Yes | 1.66x | 100% |
| March 2026 | $3.6M | Current | Yes | 1.66x | 100% |
| February 2026 | $3.6M | Current | Yes | 1.66x | 100% |
| January 2026 | $3.6M | Current | Yes | 1.78x | 100% |
| December 2025 | $3.6M | Current | Yes | 1.78x | 100% |
| November 2025 | $3.6M | Current | Yes | 1.78x | 100% |
| October 2025 | $3.6M | Late payment but less than 30 days delinquent | Yes | 1.78x | 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.
Special-servicing history
- Transferred to the special servicer August 20, 2025, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BMO 2023-C5 Mortgage Trust | 33 | $3,625,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Richmond loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| North Run Business Park | Richmond, VA | Industrial | $34.0M | 7.37% | Jun 2033 | 1.27x | 83% | Current |
| Chesterfield Marketplace | North Chesterfield, VA | Retail | $15.5M | 6.623% | May 2033 | 1.42x | 100% | 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.