Office · Las Vegas, Nevada
Rainbow Sunset Pavilion - Nv
Rainbow Sunset Pavilion - Nv is financed with a $19.5M CMBS loan at 4.70% that reaches maturity on January 11, 2028, in 14 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $19,498,390
- Original balance (same notes)
- $23,100,000
- Interest rate
- 4.70% fixed
- Originated
- January 11, 2018
- Maturity
- January 11, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- October 10, 2027
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 6325 South Rainbow Boulevard & 7000 West Post Road, Las Vegas, NV 89118
- Metro
- Las Vegas-Henderson-North Las Vegas, NV
- Rentable area
- 104,795 sq ft
- Built
- 2007
- Largest tenants
- Wells Fargo Bank; Affinity Interactive; Caesars Entertainment Inc.
- Value at securitization
- $33.0M (Oct 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.52x | 1.24x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $2.2M | $1.8M |
| Debt yield | 9.3% |
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 BANK 2018-BNK10 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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 18% below the underwritten figure ($1.8M a year against $2.2M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.52x at securitization to 1.24x on the latest statements.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $19.5M | Current | No | 1.24x | 100% |
| August 2026 | $19.5M | Current | No | 1.19x | 75% |
| July 2026 | $19.6M | Current | No | 1.19x | 75% |
| June 2026 | $19.6M | Current | No | 0.93x | 75% |
| May 2026 | $19.7M | Current | No | 0.93x | 75% |
| April 2026 | $19.7M | Current | No | 0.93x | 75% |
| February 2026 | $19.8M | Current | No | 0.83x | 61% |
| January 2026 | $19.8M | Current | No | 0.83x | 62% |
| December 2025 | $19.9M | Current | No | 0.83x | 62% |
| November 2025 | $19.9M | Current | No | 0.83x | 62% |
| October 2025 | $20.0M | Current | No | 0.83x | 62% |
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 |
|---|---|---|---|---|
| BANK 2018-BNK10 | 18 | $19,498,390 | Sep 2026 | SEC filing, September 29, 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 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.