Hotel portfolio, 2 properties · Nevada
MGM Grand & Mandalay Bay
Public CMBS trusts hold $81.5M of the loan on this portfolio at 3.558% that reaches its anticipated repayment date on March 5, 2030, in 3 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $81,500,000
- Original balance (same notes)
- $81,500,000
- Interest rate
- 3.558% fixed
- Originated
- February 14, 2020
- Maturity
- March 5, 2032
- Anticipated repayment date
- March 5, 2030 (the rate steps up if the loan is not repaid by then)
- Payments
- Interest only for the full term
- Prepayment lockout ends
- September 4, 2029
- Master servicer
- KeyBank National Association
- Originator
- Barclays Capital Real Estate Inc.; Citi Real Estate Funding Inc.; Deutsche Bank AG, New York Branch; Societe Generale Financial Corporation
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Units, rooms or beds
- 9,748
- Value at securitization
- $4.6B (Jan 2020)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 4.95x | 4.73x |
| Occupancy | 88% | 93% |
| Net operating income | $520.1M | $511.4M |
| Debt yield | 627.4% |
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 Wells Fargo Commercial Mortgage Trust 2020-C58 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 risen from 88% when the loan was securitized to 93%.
- Debt service coverage moved from 4.95x at securitization to 4.73x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $81.5M | Current | No | 4.73x | 93% |
| August 2026 | $81.5M | Current | No | 4.73x | 93% |
| July 2026 | $81.5M | Late payment but less than 30 days delinquent | No | 4.73x | 93% |
| June 2026 | $81.5M | Late payment but less than 30 days delinquent | No | 5.00x | 95% |
| May 2026 | $81.5M | Late payment but less than 30 days delinquent | No | 5.00x | 95% |
| April 2026 | $81.5M | Late payment but less than 30 days delinquent | No | 5.00x | 95% |
| March 2026 | $81.5M | Current | No | 5.00x | 95% |
| February 2026 | $81.5M | Current | No | 5.00x | 95% |
| January 2026 | $81.5M | Current | No | 6.16x | 94% |
| December 2025 | $81.5M | Current | No | 6.16x | 94% |
| November 2025 | $81.5M | Current | No | 6.16x | 94% |
| October 2025 | $81.5M | Current | No | 6.16x | 94% |
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
The loan is split into 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2020-C58 | 2 | $40,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2021-C59 | 5 | $36,500,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Wells Fargo Commercial Mortgage Trust 2020-C58 | 2A | $5,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Nevada 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 |
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.