Multifamily · Las Vegas, Nevada
1300 Casino
1300 Casino is financed with a $10.3M CMBS loan at 3.32% that reaches maturity on July 6, 2031, in 4 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $10,250,000
- Original balance (same notes)
- $10,250,000
- Interest rate
- 3.32% fixed
- Originated
- June 11, 2021
- Maturity
- July 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 5, 2031
- Master servicer
- Midland Loan Services
- Originator
- DBR Investments Co. Limited
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1300 S Casino Center Boulevard, Las Vegas, NV 89104
- Metro
- Las Vegas-Henderson-North Las Vegas, NV
- Units, rooms or beds
- 65
- Built
- 2020
- Value at securitization
- $15.3M (Mar 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.51x | 2.28x |
| Occupancy | 98% | 94% |
| Net operating income (annualized from 6 months) | $865K | $1.6M |
| Debt yield | 15.5% |
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 2021-B28 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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 fallen from 98% when the loan was securitized to 94%.
- Net operating income is 84% above the underwritten figure ($1.6M a year against $865K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.51x at securitization to 2.28x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $10.3M | Current | No | 2.28x | 94% |
| August 2026 | $10.3M | Current | No | 2.33x | 94% |
| July 2026 | $10.3M | Current | No | 2.33x | 94% |
| June 2026 | $10.3M | Current | No | 2.33x | 94% |
| May 2026 | $10.3M | Current | No | n/a | n/a |
| April 2026 | $10.3M | Current | No | 2.01x | 97% |
| March 2026 | $10.3M | Current | No | 2.01x | 97% |
| February 2026 | $10.3M | Current | No | 1.98x | 97% |
| January 2026 | $10.3M | Current | No | 1.98x | 97% |
| December 2025 | $10.3M | Current | No | 1.98x | 97% |
| November 2025 | $10.3M | Current | No | 1.94x | 97% |
| October 2025 | $10.3M | Current | No | 1.94x | 97% |
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 2021-B28 Mortgage Trust | 44 | $10,250,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Las Vegas-Henderson-North Las Vegas loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Summerhill Pointe Apartments | Las Vegas, NV | Multifamily | $60.0M | 3.548% | Jun 2031 | 2.63x | 93% | Current |
| Montecito Tower | Las Vegas, NV | Office | $32.5M | 3.64% | Jun 2031 | 1.72x | 83% | Current |
| The Crossing at Lake Mead | Las Vegas, NV | Multifamily | $28.9M | 3.083% | Jul 2031 | 2.53x | 88% | Current |
| 3025 South Las Vegas Boulevard | Las Vegas, NV | Retail | $18.5M | 6.85% | Feb 2031 | 1.38x | 100% | Current |
| Henderson Properties | Henderson, NV | Mixed use | $18.5M | 3.499% | Nov 2031 | 2.51x | 95% | Current |
| Sunset Hills Apartments | Henderson, NV | Multifamily | $16.6M | 3.75% | Mar 2031 | 1.24x | 83% | Current |
| Gardner Plaza | Henderson, NV | Mixed use | $15.5M | 4.38% | Feb 2031 | 2.08x | 95% | Current |
| Beltway Marketplace | Las Vegas, NV | Retail | $14.8M | 6.344% | Sep 2031 | n/a | n/a | Current |
All loans maturing in 2031 · All Las Vegas-Henderson-North Las Vegas 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.