Office · Herndon, Virginia
The Hallmark
Public CMBS trusts hold $31.1M of the loan on The Hallmark at 3.60% that reaches maturity on December 6, 2031, in 5 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
- $31,051,692
- Original balance (same notes)
- $34,250,000
- Interest rate
- 3.60% fixed
- Originated
- November 30, 2021
- Maturity
- December 6, 2031
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- September 5, 2031
- Master servicer
- Midland Loan Services
- Originator
- BSPRT CMBS Finance, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 13873 Park Center Road, Herndon, VA 20171
- Metro
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Rentable area
- 332,040 sq ft
- Built
- 1984, renovated 2019
- Largest tenants
- IAI North America Inc.; Electronic Warfare Associates, Inc. (SigmaDefense); Federal Aviation Administration
- Value at securitization
- $54.2M (Nov 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.30x | 2.39x |
| Occupancy | 78% | 83% |
| Net operating income (annualized from 6 months) | $4.3M | $9.0M |
| Debt yield | 29.0% |
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 Wells Fargo Commercial Mortgage Trust 2022-C62 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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
- Occupancy has risen from 78% when the loan was securitized to 83%.
- Net operating income is 110% above the underwritten figure ($9.0M a year against $4.3M; the latest statement covers 6 months, annualized).
- The filing gives May 2030 as the lease end date for the largest tenant (IAI North America 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 | $31.1M | Current | No | 2.39x | 83% |
| August 2026 | $31.1M | Current | No | 1.96x | n/a |
| July 2026 | $31.2M | Current | No | 1.96x | n/a |
| June 2026 | $31.2M | Late payment but less than 30 days delinquent | No | 1.96x | n/a |
| May 2026 | $31.3M | Current | No | 2.18x | 81% |
| April 2026 | $31.4M | Current | No | 1.96x | 82% |
| March 2026 | $31.4M | Current | No | 1.96x | 82% |
| February 2026 | $31.5M | Late payment but less than 30 days delinquent | No | 2.18x | 81% |
| January 2026 | $31.5M | Current | No | 2.18x | 81% |
| December 2025 | $31.6M | Current | No | 2.18x | 81% |
| November 2025 | $31.7M | Current | No | 2.26x | 81% |
| October 2025 | $31.7M | Current | No | 2.26x | 81% |
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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2022-C14 | 13 | $19,945,612 | Sep 2026 | SEC filing, September 29, 2026 |
| Wells Fargo Commercial Mortgage Trust 2022-C62 | 17 | $11,106,080 | Sep 2026 | SEC filing, September 29, 2026 |
Other Washington-Arlington-Alexandria loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 1100 First Street NE | Washington, DC | Office | $146.0M | 3.002% | Oct 2031 | n/a | n/a | With the special servicer and 30-59 days delinquent |
| Project Embassy | Washington, DC | Mixed use | $140.0M | 7.542% | Aug 2031 | n/a | n/a | Current |
| Three Constitution Square | Washington, DC | Office | $96.0M | 2.579% | May 2031 | 5.35x | 100% | Current |
| National Cancer Institute Center | Frederick, MD | Office | $83.0M | 2.759% | Jun 2031 | 4.24x | 100% | Current |
| Unizo Four for 1100 First Street | Washington, DC | Office | $65.0M | 3.002% | Oct 2031 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Mall at Prince Georges | Hyattsville, MD | Retail | $57.9M | 7.355% | Jun 2031 | n/a | n/a | Current |
| The Landing at Woodyard | Clinton, MD | Retail | $44.5M | 3.74% | Jul 2031 | 2.30x | 100% | Current |
| Crescent Gateway | Bethesda, MD | Mixed use | $43.0M | 4.03% | Feb 2031 | 1.55x | 100% | Current |
All loans maturing in 2031 · 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.