Retail · Richmond, Virginia
WAG Richmond
WAG Richmond is financed with a $2.3M CMBS loan at 5.33% that reaches maturity on October 6, 2028, in 23 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $2,322,298
- Original balance (same notes)
- $2,600,000
- Interest rate
- 5.33% fixed
- Originated
- September 28, 2018
- Maturity
- October 6, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- July 5, 2028
- Master servicer
- KeyBank Real Estate Capital
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 3715 Mechanicsville Turnpike, Richmond, VA 23223
- Metro
- Richmond, VA
- Rentable area
- 13,905 sq ft
- Built
- 1999
- Largest tenants
- Walgreens
- Value at securitization
- $3.9M (Aug 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.42x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | n/a | $248K |
| Debt yield | 10.7% |
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 Benchmark 2018-B7 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.3M | Not reported | No | 1.42x | 100% |
| August 2026 | $2.3M | Not reported | No | 1.42x | 100% |
| July 2026 | $2.3M | Not reported | No | 1.42x | 100% |
| June 2026 | $2.3M | Not reported | No | 1.42x | 100% |
| May 2026 | $2.3M | Not reported | No | 1.42x | 100% |
| April 2026 | $2.3M | Not reported | No | 1.42x | 100% |
| March 2026 | $2.3M | Not reported | No | 1.42x | 100% |
| February 2026 | $2.4M | Not reported | No | 1.42x | 100% |
| January 2026 | $2.4M | Not reported | No | 1.42x | 100% |
| December 2025 | $2.4M | Not reported | No | 1.42x | 100% |
| November 2025 | $2.4M | Not reported | No | 0.68x | 100% |
| October 2025 | $2.4M | Not reported | No | 1.42x | 100% |
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 |
|---|---|---|---|---|
| Benchmark 2018-B7 Mortgage Trust | 51 | $2,322,298 | Sep 2026 | SEC filing, October 1, 2026 |
Other Richmond loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Short Pump Town Center | Richmond, VA | Retail | $170.0M | 8.303% | Aug 2028 | 1.77x | 96% | Current |
| Riverfront Plaza | Richmond, VA | Office | $129.2M | 5.066% | May 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Bank of America Center, Richmond | Richmond, VA | Office | $60.5M | 5.03% | Jul 2028 | 1.77x | 79% | With the special servicer |
| Suntrust Center | Richmond, VA | Office | $41.2M | 4.632% | Jun 2028 | 1.23x | 74% | Current |
| Forest Office Park | Richmond, VA | Office | $18.0M | 4.21% | Jan 2028 | 0.27x | 61% | Current |
| Richmond Self Storage | Richmond, VA | Self storage | $6.5M | 7.88% | Sep 2028 | 1.10x | 72% | Current |
| Nelson and Koger Office Buildings | Richmond, VA | Office | $5.3M | 7.70% | Aug 2028 | 1.96x | 76% | Current |
| Stay Over Suites | Hopewell, VA | Hotel | $4.3M | 5.96% | Feb 2028 | 3.56x | 76% | Late, less than 30 days |
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.