Office · Las Vegas, Nevada
Eastern Courtyard
Eastern Courtyard is financed with a $4.1M CMBS loan at 4.922% that reaches maturity on August 6, 2028, in 21 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is delinquent: 60-89 days delinquent.
The loan
- Balance in tracked trusts
- $4,118,216
- Original balance (same notes)
- $4,750,000
- Interest rate
- 4.922% fixed
- Originated
- July 26, 2018
- Maturity
- August 6, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- May 5, 2028
- Originator
- UBS AG
Status
- Payment status
- 60-89 days delinquent (code 2)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 3920-3950 South Eastern Avenue, Las Vegas, NV 89119
- Metro
- Las Vegas-Henderson-North Las Vegas, NV
- Rentable area
- 51,370 sq ft
- Built
- 1985
- Largest tenants
- Desert Radiology Imaging, LLC; Viva Diagnostics Imaging,, LLC; Bluebird Labs LLC
- Value at securitization
- $7.3M (Jun 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.75x | 1.55x |
| Occupancy | 80% | 100% |
| Net operating income (annualized from 6 months) | $532K | $945K |
| Debt yield | 22.9% |
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 UBS Commercial Mortgage Trust 2018-C13 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in every report since August 2026.
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 risen from 80% when the loan was securitized to 100%.
- Net operating income is 78% above the underwritten figure ($945K a year against $532K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.75x at securitization to 1.55x on the latest statements.
- The filing gives Mar 2028 as the lease end date for the largest tenant (Desert Radiology Imaging, 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 | $4.1M | 60-89 days delinquent | No | 1.55x | 100% |
| August 2026 | $4.1M | 30-59 days delinquent | No | n/a | n/a |
| July 2026 | $4.1M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| June 2026 | $4.1M | Current | No | n/a | n/a |
| May 2026 | $4.1M | Current | No | n/a | n/a |
| April 2026 | $4.1M | Current | No | 1.73x | n/a |
| March 2026 | $4.1M | Current | No | 1.73x | n/a |
| February 2026 | $4.2M | Current | No | 1.78x | 68% |
| January 2026 | $4.2M | Current | No | 1.78x | 68% |
| December 2025 | $4.2M | Current | No | 1.78x | 68% |
| November 2025 | $4.2M | Current | No | 1.78x | 68% |
| October 2025 | $4.2M | 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 |
|---|---|---|---|---|
| UBS Commercial Mortgage Trust 2018-C13 | 46 | $4,118,216 | Sep 2026 | SEC filing, September 28, 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.