Retail · Hopewell, Virginia
The Crossings Shopping Center
The Crossings Shopping Center is financed with a $8.1M CMBS loan at 4.98% that reaches maturity on January 6, 2029, in 2 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
- $8,053,023
- Original balance (same notes)
- $9,240,000
- Interest rate
- 4.98% fixed
- Originated
- January 10, 2019
- Maturity
- January 6, 2029
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- October 5, 2028
- Master servicer
- Midland Loan Services
- Originator
- UBS AG
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 5260 Oaklawn Boulevard 5210 Oaklawn Blvd, Hopewell, VA 23860
- Metro
- Richmond, VA
- Rentable area
- 220,251 sq ft
- Built
- 1972, renovated 2017
- Largest tenants
- Destination Church; Variety Stores, LLC; Genuine Parts Compan
- Value at securitization
- $13.3M (Dec 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.10x | 2.28x |
| Occupancy | 93% | 93% |
| Net operating income (annualized from 6 months) | $1.2M | $2.7M |
| Debt yield | 33.9% |
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 UBS Commercial Mortgage Trust 2019-C16 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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
- Net operating income is 119% above the underwritten figure ($2.7M a year against $1.2M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.10x at securitization to 2.28x on the latest statements.
- The filing gives Aug 2027 as the lease end date for the largest tenant (Destination Church), 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 | $8.1M | Current | No | 2.28x | 93% |
| August 2026 | $8.1M | Current | No | n/a | n/a |
| July 2026 | $8.1M | Current | No | n/a | n/a |
| June 2026 | $8.1M | Current | No | n/a | n/a |
| May 2026 | $8.1M | Current | No | n/a | n/a |
| April 2026 | $8.1M | Current | No | 2.44x | 93% |
| March 2026 | $8.1M | Current | No | 2.44x | 93% |
| February 2026 | $8.2M | Current | No | 2.44x | 93% |
| January 2026 | $8.2M | Current | No | 2.45x | 93% |
| December 2025 | $8.2M | Current | No | 2.45x | 93% |
| November 2025 | $8.2M | Current | No | 2.45x | 93% |
| October 2025 | $8.2M | Current | No | 2.45x | 98% |
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 |
|---|---|---|---|---|
| UBS Commercial Mortgage Trust 2019-C16 | 25 | $8,053,023 | Sep 2026 | SEC filing, September 28, 2026 |
Other Richmond loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Embassy Suites Richmond | Richmond, VA | Hotel | $22.0M | 3.705% | Dec 2029 | 2.52x | 55% | Current |
| Hancock Village - Va | Chesterfield, VA | Retail | $16.9M | 4.925% | Jan 2029 | 2.05x | 99% | Current |
| Winterpock Crossing Shopping Center | Midlothian, VA | Retail | $12.3M | 7.07% | Aug 2029 | 1.45x | 98% | Current |
| Bell Creek Commons | Mechanicsville, VA | Retail | $8.2M | 4.57% | Apr 2029 | 1.58x | 74% | Current |
| Laburnum Square Shopping Center | Richmond, VA | Retail | $7.4M | 4.28% | Sep 2029 | 2.06x | 97% | Current |
| New York Life Building | Glen Allen, VA | Office | $7.4M | 4.53% | Jun 2029 | 0.96x | 92% | Current |
| Walnut Hill | Petersburg, VA | Retail | $6.3M | 3.939% | Dec 2029 | n/a | n/a | Current |
| Jefferson Storage | Prince George, VA | Self storage | $4.4M | 4.70% | Aug 2029 | 1.55x | 90% | 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.