Retail · Richmond, Virginia
Stonebridge Shopping Center
Stonebridge Shopping Center is financed with a $10.3M CMBS loan at 4.36% that reaches maturity on January 1, 2030, in 3 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
- $10,296,840
- Original balance (same notes)
- $11,200,000
- Interest rate
- 4.36% fixed
- Originated
- December 17, 2019
- Maturity
- January 1, 2030
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- September 30, 2029
- Master servicer
- Midland
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 7303 Midlothian Turnpike 7130 Tim Price Way, 101 & 241 Stonebridge Plaza Av, Richmond, VA 23225
- Metro
- Richmond, VA
- Rentable area
- 44,266 sq ft
- Built
- 2013
- Largest tenants
- ABC STORE #159/COMMONWEALTH OF VIRGINIA; RICE FIELDS VIETNAMESE CUISINE AND BAR; SPECTRUM TRANSFORMATION GROUP
- Value at securitization
- $15.5M (Oct 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.43x | 1.30x |
| Occupancy | 86% | 83% |
| Net operating income (annualized from 6 months) | $957K | $1.8M |
| Debt yield | 17.1% |
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 Morgan Stanley Capital I Trust 2020-L4 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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 84% above the underwritten figure ($1.8M a year against $957K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.43x at securitization to 1.30x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $10.3M | Current | No | 1.30x | 83% |
| August 2026 | $10.3M | Current | No | n/a | n/a |
| July 2026 | $10.3M | Current | No | n/a | n/a |
| June 2026 | $10.3M | Current | No | n/a | n/a |
| May 2026 | $10.4M | Current | No | n/a | n/a |
| April 2026 | $10.4M | Current | No | 1.25x | 86% |
| March 2026 | $10.4M | Current | No | 1.25x | 86% |
| February 2026 | $10.4M | Current | No | 1.25x | 86% |
| January 2026 | $10.4M | Current | No | 1.32x | 86% |
| December 2025 | $10.5M | Current | No | 1.32x | 86% |
| November 2025 | $10.5M | Current | No | 1.32x | 86% |
| October 2025 | $10.5M | Current | No | 1.25x | 86% |
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 |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2020-L4 | 27 | $10,296,840 | Sep 2026 | SEC filing, October 2, 2026 |
Other Richmond loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Marriott Richmond Dual Brand | Richmond, VA | Hotel | $25.8M | 3.40% | Mar 2030 | 3.37x | 71% | Current |
| Colonnades West | Glen Allen, VA | Retail | $15.5M | 3.81% | Jan 2030 | 3.41x | 100% | Current |
| Cvs Mechanicsville | Mechanicsville, VA | Retail | $2.4M | 4.39% | Feb 2030 | 1.93x | 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.