Office · Las Vegas, Nevada
3300 West Sahara
3300 West Sahara is financed with a $23.2M CMBS loan at 3.60% that reaches maturity on April 1, 2030, in 3 years and 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $23,175,000
- Original balance (same notes)
- $23,175,000
- Interest rate
- 3.60% fixed
- Originated
- March 13, 2020
- Maturity
- April 1, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- November 30, 2029
- Master servicer
- Trimont LLC
- Originator
- Bank of America, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 3300 West Sahara Avenue, Las Vegas, NV 89102
- Metro
- Las Vegas-Henderson-North Las Vegas, NV
- Rentable area
- 225,811 sq ft
- Built
- 1986, renovated 1994
- Largest tenants
- STATE OF NEVADA; STATE OF NEVADA; Omninet Property Management Inc
- Value at securitization
- $34.3M (Jan 2020)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 3.20x | 1.17x |
| Occupancy | 81% | 34% |
| Net operating income (annualized from 3 months) | $2.7M | $990K |
| Debt yield | 4.3% |
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 BANK 2020-BNK27 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
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 81% when the loan was securitized to 34%.
- Net operating income is 63% below the underwritten figure ($990K a year against $2.7M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 3.20x at securitization to 1.17x on the latest statements.
- The filing gives Aug 2029 as the lease end date for the largest tenant (STATE OF NEVADA), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $23.2M | Current | No | 1.17x | 34% |
| August 2026 | $23.2M | Current | No | 1.17x | 34% |
| July 2026 | $23.2M | Current | No | 1.17x | 34% |
| June 2026 | $23.2M | Current | No | 1.25x | 34% |
| May 2026 | $23.2M | Current | No | 1.47x | 34% |
| April 2026 | $23.2M | Current | No | 1.47x | 34% |
| March 2026 | $23.2M | Current | No | 1.47x | 34% |
| February 2026 | $23.2M | Current | No | 1.47x | 34% |
| January 2026 | $23.2M | Current | No | 1.47x | 34% |
| December 2025 | $23.2M | Current | No | 1.47x | 34% |
| November 2025 | $23.2M | Current | No | 1.73x | 34% |
| October 2025 | $23.2M | Current | No | 1.73x | 34% |
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 |
|---|---|---|---|---|
| BANK 2020-BNK27 | 9 | $23,175,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Las Vegas-Henderson-North Las Vegas loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| MGM Grand, Las Vegas (2030 maturity), loan 4 in BENCHMARK 2020-B19 MORTGAGE TRUST | Las Vegas, NV | Hotel | $847.8M | 3.558% | Mar 2030 | n/a | n/a | Current |
| CityCenter (Aria & Vdara) | Las Vegas, NV | Hotel | $552.0M | 6.079% | Dec 2030 | n/a | n/a | Current |
| 1700 Pavilion | Las Vegas, NV | Office | $75.0M | 7.073% | Jun 2030 | n/a | n/a | Current |
| Tropical Distribution Center | Las Vegas, NV | Industrial | $75.0M | 3.593% | Jul 2030 | 1.99x | 100% | Current |
| MGM Grand, Las Vegas (2030 maturity), loan 4 in CSAIL 2021-C20 Commercial Mortgage Trust | Las Vegas, NV | Hotel | $39.1M | 3.558% | Mar 2030 | n/a | n/a | Current |
| Silver City Plaza | Las Vegas, NV | Retail | $38.5M | 4.155% | Jan 2030 | 1.99x | 100% | Current |
| Lake Mead Crossing | Henderson, NV | Retail | $28.0M | 6.71% | Dec 2030 | 1.36x | 98% | Current |
| Walgreens - Las Vegas Strip | Las Vegas, NV | Retail | $27.7M | 4.18% | Jan 2030 | 1.80x | 100% | Current |
All loans maturing in 2030 · 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.