Retail · Leesburg, Virginia
Village at Leesburg
Public CMBS trusts hold $124.3M of the loan on Village at Leesburg at 4.758% that reaches maturity on April 1, 2028, in 17 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $124,273,925
- Original balance (same notes)
- $131,250,000
- Interest rate
- 4.758% fixed
- Originated
- March 9, 2018
- Maturity
- April 1, 2028
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- December 31, 2027
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred June 6, 2020, returned August 1, 2020
- Workout strategy
- Resolved
- Defeasance
- None reported
The property
- Address
- 1600-1610, 1612, 1614, 1616 Village Market Boulevard Southeast; 101 Crosstrail Boulevard; 1490 Classic Path Way Southeast, Leesburg, VA 20175
- Metro
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Rentable area
- 546,107 sq ft
- Built
- 2009, renovated 2018
- Largest tenants
- Wegman's Food Markets Inc; Phoenix Theatre Entertainment; Village Pickleball
- Value at securitization
- $226.0M (Dec 2018)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.34x | 1.19x |
| Occupancy | 92% | 96% |
| Net operating income (annualized from 3 months) | $11.0M | $9.9M |
| Debt yield | 8.0% |
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 2018-C45 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 92% when the loan was securitized to 96%.
- Net operating income is 10% below the underwritten figure ($9.9M a year against $11.0M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.34x at securitization to 1.19x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $124.3M | Current | No | 1.19x | 96% |
| August 2026 | $124.4M | Current | No | 1.19x | 96% |
| July 2026 | $124.6M | Current | No | 1.19x | 96% |
| June 2026 | $124.8M | Current | No | 1.19x | 96% |
| May 2026 | $125.0M | Current | No | 1.15x | 96% |
| April 2026 | $125.2M | Current | No | 1.15x | 96% |
| March 2026 | $125.3M | Current | No | 1.15x | 96% |
| February 2026 | $125.6M | Current | No | 1.25x | 97% |
| January 2026 | $125.7M | Current | No | 1.25x | 97% |
| December 2025 | $125.9M | Current | No | 1.25x | 97% |
| November 2025 | $126.1M | Current | No | 1.25x | 97% |
| October 2025 | $126.3M | Current | No | 1.28x | 96% |
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 June 6, 2020, returned to the master servicer August 1, 2020.
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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2018-C44 | 1 | $62,492,031 | Sep 2026 | SEC filing, September 29, 2026 |
| Wells Fargo Commercial Mortgage Trust 2018-C45 | 1 | $61,781,894 | Sep 2026 | SEC filing, September 29, 2026 |
Other Washington-Arlington-Alexandria loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Tysons Corner Center | McLean, VA | Retail | $269.8M | 6.601% | Dec 2028 | 1.93x | 86% | Current |
| One Dulles Tower | Herndon, VA | Office | $152.0M | 3.986% | Mar 2028 | 2.32x | 100% | Current |
| Extra Space Washington | Washington, DC | Self storage | $105.0M | 4.532% | Mar 2028 | n/a | n/a | Current |
| Sentinel Square II | Washington, DC | Office | $104.0M | 6.05% | Dec 2028 | 1.18x | 94% | Current |
| Braddock Metro Center | Alexandria, VA | Office | $71.6M | 4.57% | Feb 2028 | 1.01x | 81% | With the special servicer and 90+ days delinquent |
| Ellsworth Place | Silver Spring, MD | Retail | $64.5M | 5.01% | Aug 2028 | 1.31x | 91% | With the special servicer and 90+ days delinquent |
| South Lake at Dulles | Herndon, VA | Office | $60.5M | 6.058% | Mar 2028 | 2.36x | 100% | Current |
| Commonwealth Centre | Chantilly, VA | Office | $49.0M | 3.986% | May 2028 | 3.25x | 100% | Current |
All loans maturing in 2028 · 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.