Hotel · North Las Vegas, Nevada
Motel 6 Las Vegas
Motel 6 Las Vegas is financed with a $5.1M CMBS loan at 4.128% that reaches maturity on January 6, 2032, in 5 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,084,275
- Original balance (same notes)
- $5,550,000
- Interest rate
- 4.128% fixed
- Originated
- December 23, 2021
- Maturity
- January 6, 2032
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- November 5, 2031
- Master servicer
- Midland
- Originator
- AREF
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 6585 Speedway Blvd, North Las Vegas, NV 89115
- Metro
- Las Vegas-Henderson-North Las Vegas, NV
- Units, rooms or beds
- 100
- Built
- 2018
- Value at securitization
- $10.5M (Dec 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.20x | 2.69x |
| Occupancy | 64% | 66% |
| Net operating income (annualized from 6 months) | $1.0M | $1.8M |
| Debt yield | 34.5% |
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 Morgan Stanley Capital I Trust 2022-L8 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Coverage down 0.25x or more from securitization
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
- Net operating income is 70% above the underwritten figure ($1.8M a year against $1.0M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 3.20x at securitization to 2.69x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.1M | Current | No | 2.69x | 66% |
| August 2026 | $5.1M | Current | No | n/a | n/a |
| July 2026 | $5.1M | Current | No | n/a | n/a |
| June 2026 | $5.1M | Current | No | n/a | n/a |
| May 2026 | $5.1M | Current | No | n/a | n/a |
| April 2026 | $5.1M | Current | No | 3.57x | 70% |
| March 2026 | $5.1M | Current | No | 3.57x | 70% |
| February 2026 | $5.1M | Current | No | 3.57x | 70% |
| January 2026 | $5.2M | Current | No | 3.74x | 70% |
| December 2025 | $5.2M | Current | No | 3.74x | 70% |
| November 2025 | $5.2M | Current | No | 3.74x | 70% |
| October 2025 | $5.2M | Current | No | 3.87x | 71% |
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 |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2022-L8 | 30 | $5,084,275 | Sep 2026 | SEC filing, October 2, 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 |
| Eastgate Plaza, Henderson | Henderson, NV | Retail | $22.3M | 4.085% | Feb 2032 | 2.51x | 93% | 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 |
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.