Mixed use · Las Vegas, Nevada
Oasis Plaza
Oasis Plaza is financed with a $45.0M CMBS loan at 6.70% that reaches maturity on August 1, 2029, in 2 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $45,000,000
- Original balance (same notes)
- $45,000,000
- Interest rate
- 6.70% fixed
- Originated
- July 29, 2024
- Maturity
- August 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 31, 2029
- Master servicer
- Midland Loan Services
- Originator
- Barclays Capital Real Estate Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 3555, 3585, 3595 Highland Dr 3600, 3601, 3665, 3675, 3685, and 3695 Highland Dr, Las Vegas, NV 89102
- Metro
- Las Vegas-Henderson-North Las Vegas, NV
- Rentable area
- 333,841 sq ft
- Built
- 1974
- Largest tenants
- Las Vegas Medic; Work Lounge LLC; BBQS By Design LLC
- Value at securitization
- $70.0M (May 2024)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.45x | 1.33x |
| Occupancy | 97% | 93% |
| Net operating income (annualized from 3 months) | $4.4M | $4.1M |
| Debt yield | 9.2% |
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 Benchmark 2024-V9 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Largest tenant's lease ends within 12 months
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 97% when the loan was securitized to 93%.
- Net operating income is 7% below the underwritten figure ($4.1M a year against $4.4M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.45x at securitization to 1.33x on the latest statements.
- The filing gives Mar 2027 as the lease end date for the largest tenant (Las Vegas Medic), 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 | $45.0M | Current | No | 1.33x | 93% |
| August 2026 | $45.0M | Current | No | 1.33x | 86% |
| July 2026 | $45.0M | Current | No | 1.33x | 86% |
| June 2026 | $45.0M | Current | No | n/a | n/a |
| May 2026 | $45.0M | Current | No | n/a | n/a |
| April 2026 | $45.0M | Current | No | 1.36x | 85% |
| March 2026 | $45.0M | Current | No | 1.36x | 89% |
| February 2026 | $45.0M | Current | No | 1.36x | 89% |
| January 2026 | $45.0M | Current | No | 1.36x | 89% |
| December 2025 | $45.0M | Current | No | 1.34x | 87% |
| November 2025 | $45.0M | Current | No | 1.34x | 87% |
| October 2025 | $45.0M | Current | No | 1.34x | 87% |
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 |
|---|---|---|---|---|
| Benchmark 2024-V9 Mortgage Trust | 6 | $45,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Las Vegas-Henderson-North Las Vegas loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Grand Canal Shoppes | Las Vegas, NV | Retail | $710.0M | 3.741% | Jul 2029 | 2.98x | 85% | Current |
| Bellagio Hotel and Casino | Las Vegas, NV | Hotel | $600.0M | 3.17% | Dec 2029 | 6.51x | 97% | Current |
| Showcase I | Las Vegas, NV | Retail | $169.5M | 6.36% | Jul 2029 | 1.18x | 99% | Current |
| Galleria At Sunset | Henderson, NV | Retail | $47.6M | 8.46% | Mar 2029 | 2.05x | 100% | Current |
| Hilton Dual Brand Las Vegas | Las Vegas, NV | Hotel | $46.0M | 7.93% | Apr 2029 | n/a | n/a | Current |
| Shadow Mountain Marketplace | Las Vegas, NV | Retail | $46.0M | 5.14% | Feb 2029 | 1.39x | 94% | Current |
| Rainbow Sunset Pavilion | Las Vegas, NV | Office | $39.4M | 5.145% | Jan 2029 | 1.83x | 87% | Current |
| Solitude at Centennial | Las Vegas, NV | Multifamily | $35.5M | 3.391% | Nov 2029 | 2.78x | 94% | Current |
All loans maturing in 2029 · 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.