Retail · Henderson, Nevada
Eastgate Plaza, Henderson
Eastgate Plaza is financed with a $22.3M CMBS loan at 4.085% that reaches maturity on February 5, 2032, in 5 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $22,250,000
- Original balance (same notes)
- $22,250,000
- Interest rate
- 4.085% fixed
- Originated
- January 24, 2022
- Maturity
- February 5, 2032
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 4, 2031
- Master servicer
- Midland Loan Services
- Originator
- 3650 Real Estate Investment Trust 2 LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 510-560 Marks Street, Henderson, NV 89014
- Metro
- Las Vegas-Henderson-North Las Vegas, NV
- Rentable area
- 106,487 sq ft
- Built
- 2002
- Largest tenants
- Cavender Stores, LP; Dollar Tree Stores, Inc.; Henderson Salon Boutique
- Value at securitization
- $34.1M (Nov 2021)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.39x | 2.51x |
| Occupancy | 100% | 93% |
| Net operating income | $2.2M | $2.3M |
| 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 3650R 2022-PF2 Commercial Mortgage Trust 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
- Occupancy has fallen from 100% when the loan was securitized to 93%.
- Debt service coverage moved from 2.39x at securitization to 2.51x on the latest statements.
- The filing gives Jul 2026 as the lease end date for the largest tenant (Cavender Stores, LP), 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 | $22.3M | Current | No | 2.51x | 93% |
| August 2026 | $22.3M | Current | No | 2.51x | 93% |
| July 2026 | $22.3M | Current | No | 2.51x | 93% |
| June 2026 | $22.3M | Current | No | n/a | n/a |
| May 2026 | $22.3M | Current | No | n/a | n/a |
| April 2026 | $22.3M | Current | No | 2.53x | 96% |
| March 2026 | $22.3M | Current | No | 2.55x | 93% |
| February 2026 | $22.3M | Current | No | 2.55x | 93% |
| January 2026 | $22.3M | Current | No | 2.55x | 93% |
| December 2025 | $22.3M | Current | No | 2.32x | 93% |
| November 2025 | $22.3M | Current | No | 2.32x | 95% |
| October 2025 | $22.3M | Current | No | 2.32x | 95% |
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 |
|---|---|---|---|---|
| 3650R 2022-PF2 Commercial Mortgage Trust | 13 | $22,250,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Las Vegas-Henderson-North Las Vegas loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 6543 Las Vegas Boulevard South | Las Vegas, NV | Office | $114.7M | 4.25% | Jan 2032 | n/a | n/a | Current |
| Walgreens - Las Vegas | Las Vegas, NV | Office | $80.0M | 5.06% | Jun 2032 | n/a | n/a | Current |
| Green Valley Corporate Center North | Henderson, NV | Office | $37.0M | 5.29% | Aug 2032 | 1.63x | 68% | Current |
| Mountain's Edge Marketplace | Las Vegas, NV | Retail | $33.0M | 4.51% | Mar 2032 | 2.29x | 100% | Current |
| Green Valley Corporate Center South | Henderson, NV | Office | $29.4M | 5.75% | Oct 2032 | n/a | n/a | Current |
| 2470 2490 Paseo Verde Pkwy | Henderson, NV | Office | $20.1M | 5.99% | Oct 2032 | 1.26x | 74% | Current |
| Marnell Corporate Center 3 | Las Vegas, NV | Office | $15.1M | 5.378% | Aug 2032 | 1.44x | 90% | Current |
| Decatur Business Center | Las Vegas, NV | Industrial | $12.0M | 4.45% | Mar 2032 | n/a | n/a | Current |
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.