Retail · Sparks, Nevada
Sparks Crossing
Sparks Crossing is financed with a $49.1M CMBS loan at 6.05% that reaches maturity on January 11, 2031, in 4 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
- $49,070,000
- Original balance (same notes)
- $49,070,000
- Interest rate
- 6.05% fixed
- Originated
- December 18, 2025
- Maturity
- January 11, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- July 10, 2030
- 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
- 101 Los Altos Parkway, Sparks, NV 89431
- Metro
- Reno, NV
- Rentable area
- 329,061 sq ft
- Built
- 2007
- Largest tenants
- Ross Dress for Less; Best Buy; Michaels #7752
- Value at securitization
- $78.1M (Nov 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.66x | n/a |
| Occupancy | 97% | n/a |
| Net operating income | $5.0M | n/a |
Watch flags
Computed from the BANK5 2026-5YR20 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
- The filing gives Jan 2029 as the lease end date for the largest tenant (Ross Dress for Less), before the loan matures. Lenders look hard at that rollover.
The last 8 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $49.1M | Current | No | n/a | n/a |
| August 2026 | $49.1M | Current | No | n/a | n/a |
| July 2026 | $49.1M | Current | No | n/a | n/a |
| June 2026 | $49.1M | Current | No | n/a | n/a |
| May 2026 | $49.1M | Current | No | n/a | n/a |
| April 2026 | $49.1M | Current | No | n/a | n/a |
| March 2026 | $49.1M | Current | No | n/a | n/a |
| February 2026 | $49.1M | Current | No | 1.44x | 97% |
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 |
|---|---|---|---|---|
| BANK5 2026-5YR20 | 7 | $49,070,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Reno loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 9295 & 9315 Prototype Drive | Reno, NV | Industrial | $177.5M | 6.242% | Jun 2031 | n/a | n/a | Current |
| 200 South Virginia Street | Reno, NV | Office | $15.9M | 3.617% | Jul 2031 | 3.60x | 84% | Current |
| South Creek Shopping Center | Reno, NV | Retail | $15.0M | 6.50% | Jan 2031 | n/a | n/a | Current |
| Village at Double Diamond | Reno, NV | Retail | $10.8M | 3.355% | Nov 2031 | 4.07x | 100% | Current |
| Vista Park Self Storage | Sparks, NV | Self storage | $9.8M | 3.472% | Jun 2031 | 3.36x | 87% | Current |
| Kleppe Greg Business Park | Sparks, NV | Industrial | $7.0M | 3.30% | Jan 2031 | n/a | n/a | Current |
| The Deluxe Apartments | Reno, NV | Multifamily | $3.6M | 3.89% | Dec 2031 | 2.01x | 88% | 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.