Retail · Las Vegas, Nevada
Times Square Retail Center
Times Square Retail Center is financed with a $2.4M CMBS loan at 6.34% that reaches maturity on February 1, 2031, in 4 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $2,400,000
- Original balance (same notes)
- $2,400,000
- Interest rate
- 6.34% fixed
- Originated
- January 23, 2026
- Maturity
- February 1, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- November 30, 2030
- Master servicer
- KeyBank National Association
- Originator
- KeyBank National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 4010, 4012, 4018, 4020 South Rainbow Boulevard and 6820 West Flamingo Road, Las Vegas, NV 89103
- Metro
- Las Vegas-Henderson-North Las Vegas, NV
- Rentable area
- 61,300 sq ft
- Built
- 1979
- Largest tenants
- VONS (SPROUTS); WELLS FARGO BANK; D PINOY
- Value at securitization
- $14.4M (Dec 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 5.99x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $924K | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2026-5C41 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 Aug 2029 as the lease end date for the largest tenant (VONS (SPROUTS)), before the loan matures. Lenders look hard at that rollover.
The last 5 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.4M | Current | No | n/a | n/a |
| August 2026 | $2.4M | Current | No | n/a | n/a |
| July 2026 | $2.4M | Current | No | n/a | n/a |
| June 2026 | $2.4M | Current | No | n/a | n/a |
| May 2026 | $2.4M | Current | No | n/a | n/a |
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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2026-5C41 | 33 | $2,400,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Las Vegas-Henderson-North Las Vegas loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Summerhill Pointe Apartments | Las Vegas, NV | Multifamily | $60.0M | 3.548% | Jun 2031 | 2.63x | 93% | Current |
| Montecito Tower | Las Vegas, NV | Office | $32.5M | 3.64% | Jun 2031 | 1.72x | 83% | Current |
| The Crossing at Lake Mead | Las Vegas, NV | Multifamily | $28.9M | 3.083% | Jul 2031 | 2.53x | 88% | Current |
| 3025 South Las Vegas Boulevard | Las Vegas, NV | Retail | $18.5M | 6.85% | Feb 2031 | 1.38x | 100% | Current |
| Henderson Properties | Henderson, NV | Mixed use | $18.5M | 3.499% | Nov 2031 | 2.51x | 95% | Current |
| Sunset Hills Apartments | Henderson, NV | Multifamily | $16.6M | 3.75% | Mar 2031 | 1.24x | 83% | Current |
| Gardner Plaza | Henderson, NV | Mixed use | $15.5M | 4.38% | Feb 2031 | 2.08x | 95% | Current |
| Beltway Marketplace | Las Vegas, NV | Retail | $14.8M | 6.344% | Sep 2031 | n/a | n/a | Current |
All loans maturing in 2031 · 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.