Across Washington DC, Maryland, and Virginia there are 143 distressed CMBS loans totaling about $1.76 billion in current balance — broad-based across all three jurisdictions and concentrated in office and hotel. This is an aggregate, market-level read compiled from public securitized-loan disclosures; no individual loans, borrowers, or lenders are identified.
| Jurisdiction | Distressed CMBS loans | Share |
|---|---|---|
| Virginia | 71 | 50% |
| Maryland | 49 | 34% |
| Washington DC | 23 | 16% |
| Property type | Loans | Share |
|---|---|---|
| Office | 68 | 48% |
| Hotel | 65 | 45% |
| Mixed-use | 10 | 7% |
Office and hotel together are about 93% of DMV CMBS distress.
| Stage | Loans |
|---|---|
| In special servicing (the workout desk has the file) | 41 |
| 90+ days delinquent | 8 |
| Non-performing matured balloon (past maturity, unpaid) | 2 |
| In active foreclosure | 6 |
| Bank-owned (REO) | 2 |
| In maturity default | 3 |
41 files (29%) are already at a special servicer, and 8 have reached foreclosure or REO — further along than the headlines suggest.
Median debt-service coverage ratio (DSCR) among loans reporting it is 1.51 — little cushion for further NOI slippage — and 42 loans are below 1.0x, meaning current cash flow does not cover debt service.
Distress in the DMV is concentrated where you'd expect (office and hotel) but is further along the resolution path than the headlines suggest. For lenders and special servicers, the question is no longer whether to resolve non-core credit but how cleanly — through a workout, a discounted payoff, or a note sale.
Aggregate figures compiled by Standing Bid Capital from public CMBS securitized-loan disclosures (SEC EDGAR remittance reports), as of the March 2026 reporting cycle. This is educational market intelligence, not an offering or solicitation for any specific asset, and no individual loan, borrower, or lender is identified. Figures are directional; CMBS remittance data lags the current period.
On an aggregate basis, roughly 143 distressed CMBS loans totaling about $1.76 billion in current balance across DC, Maryland, and Virginia, concentrated in office and hotel.
Office (about 48% of distressed DMV CMBS loans) and hotel (about 45%) together make up roughly 93% of the total.
About 41 loans (29%) are already in special servicing and 8 have reached foreclosure or REO, so a meaningful share is well into the resolution process rather than early-stage.
No — this brief is aggregate, market-level intelligence only. Standing Bid Capital is a principal buyer of CRE notes and REO across the DMV; individual credits are handled privately and confidentially. Request a confidential review.