Retail · Henderson, Nevada
Carnegie Center
Carnegie Center is financed with a $3.6M CMBS loan at 4.26% that reaches maturity on January 1, 2030, in 3 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,580,039
- Original balance (same notes)
- $3,900,000
- Interest rate
- 4.26% fixed
- Originated
- December 30, 2019
- Maturity
- January 1, 2030
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ended
- December 31, 2021
- Prepayment premium ends
- August 31, 2029 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 2520 West Horizon Ridge Parkway, Henderson, NV 89052
- Metro
- Las Vegas-Henderson-North Las Vegas, NV
- Rentable area
- 19,611 sq ft
- Built
- 2004
- Largest tenants
- BioMatrix Specialty Pharmacy LLC and Total Infusi; Peeley LLC dba Burn Boot Camp; Ion Solar LLC
- Value at securitization
- $5.6M (Nov 2019)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.79x | 1.37x |
| Occupancy | 94% | 62% |
| Net operating income | $413K | $316K |
| Debt yield | 8.8% |
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-BNK26 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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 94% when the loan was securitized to 62%.
- Net operating income is 24% below the underwritten figure ($316K a year against $413K).
- Debt service coverage moved from 1.79x at securitization to 1.37x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.6M | Current | No | 1.37x | 62% |
| August 2026 | $3.6M | Current | No | 1.37x | 62% |
| July 2026 | $3.6M | Current | No | 1.37x | 62% |
| June 2026 | $3.6M | Current | No | 1.37x | 62% |
| May 2026 | $3.6M | Current | No | 1.37x | 62% |
| April 2026 | $3.6M | Current | No | 1.37x | 62% |
| March 2026 | $3.6M | Current | No | 1.37x | 100% |
| February 2026 | $3.6M | Current | No | 1.36x | 100% |
| January 2026 | $3.6M | Current | No | 1.36x | 100% |
| December 2025 | $3.6M | Current | No | 1.89x | 100% |
| November 2025 | $3.6M | Current | No | 1.89x | 100% |
| October 2025 | $3.6M | Current | No | 1.89x | 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 |
|---|---|---|---|---|
| BANK 2020-BNK26 | 65 | $3,580,039 | Sep 2026 | SEC filing, October 1, 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.