Industrial · Las Vegas, Nevada
Decatur Crossing III
Decatur Crossing III is financed with a $16.3M CMBS loan at 7.195% that reaches maturity on August 6, 2030, in 3 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $16,250,000
- Original balance (same notes)
- $16,250,000
- Interest rate
- 7.195% fixed
- Originated
- July 31, 2025
- Maturity
- August 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- May 5, 2030
- Master servicer
- Midland
- Originator
- BSPRT CMBS Finance, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 4675 and 4775 West Teco Avenue, Las Vegas, NV 89118
- Metro
- Las Vegas-Henderson-North Las Vegas, NV
- Rentable area
- 112,299 sq ft
- Built
- 2007
- Largest tenants
- Synova Partners, LLC; Complete Association Management Company; Aggregate Industries/Holcim-SWR
- Value at securitization
- $25.1M (May 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.60x | n/a |
| Occupancy | 99% | n/a |
| Net operating income | $1.9M | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2025-5C37 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
- The filing gives Aug 2028 as the lease end date for the largest tenant (Synova Partners, LLC), 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 | $16.3M | Current | No | n/a | n/a |
| August 2026 | $16.3M | Current | No | n/a | n/a |
| July 2026 | $16.3M | Current | No | n/a | n/a |
| June 2026 | $16.3M | Current | No | n/a | n/a |
| May 2026 | $16.3M | Current | No | n/a | n/a |
| April 2026 | $16.3M | Current | No | n/a | n/a |
| March 2026 | $16.3M | Current | No | n/a | n/a |
| February 2026 | $16.3M | Current | No | n/a | n/a |
| January 2026 | $16.3M | Current | No | n/a | n/a |
| December 2025 | $16.3M | Current | No | n/a | n/a |
| November 2025 | $16.3M | Current | No | n/a | n/a |
| October 2025 | $16.3M | Current | No | n/a | n/a |
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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2025-5C37 | 19 | $16,250,000 | 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.