Industrial · Las Vegas, Nevada
Southwest Business Center
Southwest Business Center is financed with a $6.7M CMBS loan at 4.398% that reaches maturity on November 6, 2026, this month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $6,718,878
- Original balance (same notes)
- $8,300,000
- Interest rate
- 4.398% fixed
- Originated
- November 1, 2016
- Maturity
- November 6, 2026
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- January 5, 2019
- Master servicer
- Trimont LLC
- Originator
- SMC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 4325 West Tropicana Avenue & 4330-4340 South Valley View Boulevard, Las Vegas, NV 89103
- Metro
- Las Vegas-Henderson-North Las Vegas, NV
- Rentable area
- 77,297 sq ft
- Built
- 1985
- Largest tenants
- Liberty Time; Super Summer Theatre; Choose 2 RENT LLC
- Value at securitization
- $11.2M (Oct 2016)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.52x | 1.89x |
| Occupancy | 82% | 78% |
| Net operating income (annualized from 6 months) | $757K | $951K |
| Debt yield | 14.1% |
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 JPMCC Commercial Mortgage Securities Trust 2016-JP4 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Matures 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 82% when the loan was securitized to 78%.
- Net operating income is 26% above the underwritten figure ($951K a year against $757K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.52x at securitization to 1.89x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.7M | Current | No | 1.89x | 78% |
| August 2026 | $6.7M | Current | No | 1.56x | 100% |
| July 2026 | $6.8M | Current | No | 1.56x | 100% |
| June 2026 | $6.8M | Current | No | 2.47x | 100% |
| May 2026 | $6.8M | Current | No | 2.47x | 100% |
| April 2026 | $6.8M | Current | No | 2.47x | 100% |
| March 2026 | $6.8M | Current | No | 2.72x | 97% |
| February 2026 | $6.8M | Current | No | 2.72x | 97% |
| January 2026 | $6.8M | Current | No | 2.72x | 97% |
| December 2025 | $6.9M | Current | No | 2.72x | 97% |
| November 2025 | $6.9M | Current | No | 2.94x | 100% |
| October 2025 | $6.9M | Current | No | 2.94x | 100% |
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 |
|---|---|---|---|---|
| JPMCC Commercial Mortgage Securities Trust 2016-JP4 | 32 | $6,718,878 | Sep 2026 | SEC filing, September 28, 2026 |
Other Las Vegas-Henderson-North Las Vegas loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Hampton Inn Tropicana | Las Vegas, NV | Hotel | $20.9M | 4.835% | Nov 2026 | 2.89x | 65% | Current |
| Arroyo South Office | Las Vegas, NV | Office | $17.4M | 4.498% | Nov 2026 | 2.28x | 89% | Current |
| The Hamptons | Las Vegas, NV | Multifamily | $14.4M | 4.269% | Nov 2026 | 1.33x | 72% | With the special servicer |
| Crosswinds | Las Vegas, NV | Multifamily | $2.5M | 4.269% | Nov 2026 | 3.21x | 92% | With the special servicer |
All loans maturing in 2026 · 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.