Retail · Henderson, Nevada
Galleria Commons
Galleria Commons is financed with a $18.6M CMBS loan at 4.70% that reaches maturity on February 1, 2028, in 15 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $18,590,680
- Original balance (same notes)
- $21,980,000
- Interest rate
- 4.70% fixed
- Originated
- January 30, 2018
- Maturity
- February 1, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- October 31, 2027
- Master servicer
- Midland Loan Services
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 470,480,490,494,500 N. Stephanie Street, Henderson, NV 89014
- Metro
- Las Vegas-Henderson-North Las Vegas, NV
- Rentable area
- 275,822 sq ft
- Built
- 1997
- Largest tenants
- Smiths Food & Drugs Centers Inc; Bob's Discount Furniture, LLC; Burlington Coat Factory Warehouse of Henderson, Inc.
- Value at securitization
- $31.5M (Dec 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.81x | 1.89x |
| Occupancy | 100% | 99% |
| Net operating income | $2.5M | $2.6M |
| Debt yield | 13.9% |
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 CITIGROUP COMMERCIAL MORTGAGE TRUST 2018-B2 filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $18.6M | Current | No | 1.89x | 99% |
| August 2026 | $18.6M | Current | No | 1.89x | 99% |
| July 2026 | $18.7M | Current | No | 2.75x | 100% |
| June 2026 | $18.7M | Current | No | n/a | n/a |
| May 2026 | $18.7M | Current | No | n/a | n/a |
| April 2026 | $18.8M | Current | No | 1.09x | 98% |
| March 2026 | $18.8M | Current | No | 1.09x | 98% |
| February 2026 | $18.9M | Payment not received but still in grace period or not yet due | No | 1.08x | 52% |
| January 2026 | $18.9M | Current | No | 1.08x | 52% |
| December 2025 | $18.9M | Current | No | 1.08x | 52% |
| November 2025 | $19.0M | Current | No | 1.08x | 52% |
| October 2025 | $19.0M | 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 |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2018-B2 | 19 | $18,590,680 | Sep 2026 | SEC filing, September 25, 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 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.