Hotel portfolio, 2 properties · Virginia
Virginia Beach Hotel Portfolio
Public CMBS trusts hold $81.2M of the loan on this portfolio at 4.913% that reaches maturity on September 6, 2028, in 22 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $81,238,793
- Original balance (same notes)
- $90,000,000
- Interest rate
- 4.913% fixed
- Originated
- August 31, 2018
- Maturity
- September 6, 2028
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- June 5, 2028
- Master servicer
- Trimont LLC
- Originator
- Barclays Bank PLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently April 6, 2020
- Defeasance
- None reported
The property
- Units, rooms or beds
- 456
- Value at securitization
- $130.4M
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.05x | 2.18x |
| Occupancy | 76% | 64% |
| Net operating income | $11.8M | $12.5M |
| Debt yield | 15.4% |
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-C48 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Occupancy down 10 points or more from securitization
- Modified
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 fallen from 76% when the loan was securitized to 64%.
- Net operating income is 6% above the underwritten figure ($12.5M a year against $11.8M).
- Debt service coverage moved from 2.05x at securitization to 2.18x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $81.2M | Current | No | 2.18x | 64% |
| August 2026 | $81.4M | Current | No | 2.18x | 64% |
| July 2026 | $81.5M | Current | No | 2.18x | 64% |
| June 2026 | $81.7M | Current | No | 2.18x | 64% |
| May 2026 | $81.8M | Current | No | 2.76x | 70% |
| April 2026 | $81.9M | Current | No | 2.76x | 70% |
| March 2026 | $82.1M | Current | No | 2.76x | 70% |
| February 2026 | $82.2M | Current | No | 2.76x | 70% |
| January 2026 | $82.4M | Current | No | 2.76x | 70% |
| December 2025 | $82.5M | Current | No | 2.76x | 70% |
| November 2025 | $82.6M | Current | No | 2.76x | 70% |
| October 2025 | $82.7M | Current | No | 2.08x | 62% |
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 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2018-C47 | 5 | $40,619,396 | Sep 2026 | SEC filing, September 29, 2026 |
| BBCMS Mortgage Trust 2018-C2 | 11 | $27,079,597 | Sep 2026 | SEC filing, September 29, 2026 |
| Wells Fargo Commercial Mortgage Trust 2018-C48 | 20 | $13,539,799 | Sep 2026 | SEC filing, September 29, 2026 |
Other Virginia 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 |
| Short Pump Town Center | Richmond, VA | Retail | $170.0M | 8.303% | Aug 2028 | 1.77x | 96% | Current |
| 375 Kenyon Road | Suffolk, VA | Industrial | $163.1M | 2.484% | Apr 2028 | n/a | n/a | Current |
| One Dulles Tower | Herndon, VA | Office | $152.0M | 3.986% | Mar 2028 | 2.32x | 100% | Current |
| Riverfront Plaza | Richmond, VA | Office | $129.2M | 5.066% | May 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Village at Leesburg | Leesburg, VA | Retail | $124.3M | 4.758% | Apr 2028 | 1.19x | 96% | Current |
| Braddock Metro Center | Alexandria, VA | Office | $71.6M | 4.57% | Feb 2028 | 1.01x | 81% | With the special servicer and 90+ days delinquent |
| Seminole Trail Portfolio | VA | Other | $65.0M | 6.695% | Jan 2028 | 1.86x | 85% | 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.