Retail · Las Vegas, Nevada
Craig Plaza
Craig Plaza is financed with a $3.2M CMBS loan at 5.29% that reaches maturity on April 6, 2028, in 17 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,194,508
- Original balance (same notes)
- $3,700,000
- Interest rate
- 5.29% fixed
- Originated
- March 29, 2018
- Maturity
- April 6, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- February 5, 2028
- Master servicer
- Trimont LLC
- Originator
- Argentic Real Estate Finance LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred December 21, 2021, returned June 1, 2022
- Workout strategy
- Resolved
- Defeasance
- None reported
The property
- Address
- 7077, 7079 and 7083 West Craig Road, Las Vegas, NV 89129
- Metro
- Las Vegas-Henderson-North Las Vegas, NV
- Rentable area
- 16,050 sq ft
- Built
- 2011, renovated 2018
- Largest tenants
- EZ Pawn Shop; Gym; BE WELL STUDIO
- Value at securitization
- $5.9M (Jan 2018)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.81x | 1.98x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 3 months) | $445K | $495K |
| 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 Wells Fargo Commercial Mortgage Trust 2018-C44 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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
- Net operating income is 11% above the underwritten figure ($495K a year against $445K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.81x at securitization to 1.98x on the latest statements.
- The filing gives Sep 2026 as the lease end date for the largest tenant (EZ Pawn Shop), 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 | $3.2M | Current | No | 1.98x | 100% |
| August 2026 | $3.2M | Current | No | 1.98x | 100% |
| July 2026 | $3.2M | Current | No | 1.98x | 100% |
| June 2026 | $3.2M | Current | No | 1.98x | 100% |
| May 2026 | $3.2M | Current | No | 2.16x | 100% |
| April 2026 | $3.2M | Current | No | 2.16x | 100% |
| March 2026 | $3.2M | Current | No | 2.16x | 100% |
| February 2026 | $3.2M | Current | No | 2.16x | 100% |
| January 2026 | $3.2M | Current | No | 2.16x | 100% |
| December 2025 | $3.2M | Current | No | 2.03x | 100% |
| November 2025 | $3.3M | Current | No | 2.03x | 100% |
| October 2025 | $3.3M | Current | No | 2.03x | 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.
Special-servicing history
- Transferred to the special servicer December 21, 2021, returned to the master servicer June 1, 2022.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2018-C44 | 42 | $3,194,508 | Sep 2026 | SEC filing, September 29, 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.