Office · Norfolk, Virginia
Town Point Center
Town Point Center is financed with a $14.5M CMBS loan at 5.35% 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 with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $14,450,394
- Original balance (same notes)
- $15,300,000
- Interest rate
- 5.35% fixed
- Originated
- December 20, 2018
- Maturity
- January 6, 2029
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ended
- April 5, 2021
- Originator
- BSPRT CMBS Finance, LLC
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred December 19, 2025
- Workout strategy
- Other
- Defeasance
- None reported
The property
- Address
- 150 Boush Street, Norfolk, VA 23510
- Metro
- Virginia Beach-Chesapeake-Norfolk, VA-NC
- Rentable area
- 132,583 sq ft
- Built
- 1986
- Largest tenants
- Corrie Maccoll; Insight Therapeutics; Goodman, Allen & Filetti, P.L.L.C.
- Value at securitization
- $20.9M (Oct 2018)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.63x | n/a |
| Occupancy | 92% | n/a |
| Net operating income | $1.7M | n/a |
Watch flags
Computed from the CSAIL 2019-C15 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $14.5M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $14.5M | 90+ days delinquent | Yes | n/a | n/a |
| July 2026 | $14.5M | 90+ days delinquent | Yes | n/a | n/a |
| June 2026 | $14.5M | 90+ days delinquent | Yes | n/a | n/a |
| May 2026 | $14.5M | 90+ days delinquent | Yes | n/a | n/a |
| April 2026 | $14.5M | 90+ days delinquent | Yes | 1.00x | 64% |
| March 2026 | $14.5M | 60-89 days delinquent | Yes | 1.00x | 64% |
| February 2026 | $14.5M | 30-59 days delinquent | Yes | 1.00x | 64% |
| January 2026 | $14.5M | Late payment but less than 30 days delinquent | Yes | 1.00x | 64% |
| December 2025 | $14.5M | Current | No | 1.00x | 64% |
| November 2025 | $14.5M | Current | No | 1.00x | 64% |
| October 2025 | $14.5M | Current | No | 1.00x | 64% |
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 December 19, 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 |
|---|---|---|---|---|
| CSAIL 2019-C15 Commercial Mortgage Trust | 22 | $14,450,394 | Sep 2026 | SEC filing, September 28, 2026 |
Other Virginia Beach-Chesapeake-Norfolk loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Battlefield Tech I - Battlefield | Chesapeake, VA | Office | $108.2M | 5.30% | Apr 2029 | n/a | n/a | Current |
| Dominion Tower | Norfolk, VA | Office | $57.2M | 5.29% | Jan 2029 | 1.49x | 65% | With the special servicer |
| Christopher Crossing Apartments | Newport News, VA | Multifamily | $42.0M | 6.61% | Nov 2029 | 1.55x | 92% | Current |
| London Bridge Industrial | Virginia Beach, VA | Industrial | $14.0M | 6.56% | Aug 2029 | 1.48x | 100% | Current |
| Delta Hotels | Chesapeake, VA | Hotel | $13.8M | 4.65% | Oct 2029 | n/a | n/a | Current |
| Springhill Suites Chesapeake | Chesapeake, VA | Hotel | $10.5M | 4.90% | Jun 2029 | 1.83x | 80% | Current |
| Harbourview North | Suffolk, VA | Retail | $9.5M | 4.98% | Apr 2029 | n/a | n/a | Current |
| Embassy Suites - Williamsburg | Williamsburg, VA | Hotel | $8.6M | 4.55% | Jun 2029 | 1.82x | 66% | Current |
All loans maturing in 2029 · 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.