Retail · Las Vegas, Nevada
4041 Linq Lane
4041 Linq Lane is financed with a $9.8M CMBS loan at 8.004% 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 late, less than 30 days.
The loan
- Balance in tracked trusts
- $9,840,000
- Original balance (same notes)
- $9,840,000
- Interest rate
- 8.004%
- Originated
- October 4, 2023
- Maturity
- October 6, 2028
- Payments
- Interest only for the full term
- Master servicer
- KeyBank Real Estate Capital
- Originator
- GACC
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 4041 Linq Lane, Las Vegas, NV 89109
- Metro
- Las Vegas-Henderson-North Las Vegas, NV
- Rentable area
- 19,905 sq ft
- Built
- 1963
- Largest tenants
- Batistas; Stage Door
- Value at securitization
- $23.9M (Jul 2023)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.27x |
| Occupancy | 80% | 80% |
| Net operating income (annualized from 6 months) | n/a | $1.0M |
| Debt yield | 10.4% |
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 BMO 2023-5C2 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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 | $9.8M | Late payment but less than 30 days delinquent | No | 1.27x | 80% |
| August 2026 | $9.8M | Late payment but less than 30 days delinquent | No | 0.97x | 80% |
| July 2026 | $9.8M | Not reported | No | 1.27x | 80% |
| June 2026 | $9.8M | Late payment but less than 30 days delinquent | No | 0.97x | 80% |
| May 2026 | $9.8M | Late payment but less than 30 days delinquent | No | 0.97x | 80% |
| April 2026 | $9.8M | Not reported | No | 0.97x | 80% |
| March 2026 | $9.8M | Late payment but less than 30 days delinquent | No | 0.97x | 80% |
| February 2026 | $9.8M | Not reported | No | 0.97x | 80% |
| January 2026 | $9.8M | Not reported | No | 0.97x | 80% |
| December 2025 | $9.8M | Not reported | No | 0.97x | 80% |
| November 2025 | $9.8M | Not reported | No | 0.97x | 80% |
| October 2025 | $9.8M | Not reported | No | 0.97x | 80% |
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 |
|---|---|---|---|---|
| BMO 2023-5C2 Mortgage Trust | 24 | $9,840,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Las Vegas-Henderson-North Las Vegas loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Montecito Crossing | Las Vegas, NV | Retail | $150.0M | 4.191% | Jan 2028 | n/a | n/a | Current |
| Showcase II | Las Vegas, NV | Retail | $128.0M | 4.896% | May 2028 | 1.58x | 100% | Current |
| Miracle Mile Shops | Las Vegas, NV | Retail | $106.3M | 6.991% | Jun 2028 | 1.51x | 88% | Current |
| Miracle Mile Mall | Las Vegas, NV | Retail | $50.0M | 6.991% | Jun 2028 | 1.51x | 88% | Current |
| Sahara Center | Las Vegas, NV | Retail | $37.0M | 4.366% | May 2028 | 2.63x | 75% | Current |
| River Valley MHC Portfolio | Las Vegas, NV | Manufactured housing | $33.1M | 4.91% | Aug 2028 | 1.70x | 92% | Current |
| Desert Marketplace | Las Vegas, NV | Retail | $31.2M | 5.415% | Nov 2028 | 1.38x | 99% | Current |
| The Grove Apartments, Las Vegas | Las Vegas, NV | Multifamily | $21.3M | 5.24% | Dec 2028 | 2.03x | 87% | Current |
All loans maturing in 2028 · 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.