Office · Las Vegas, Nevada
United Healthcare Building - Las Vegas
Public CMBS trusts hold $18.5M of the loan on United Healthcare Building - Las Vegas at 4.979% that reached maturity on October 6, 2025, 12 months ago. As of the Sep 2026 servicer report, the latest filed for this loan, its status is past maturity and not performing.
The loan
- Balance in tracked trusts
- $18,497,254
- Original balance (same notes)
- $20,000,000
- Interest rate
- 4.979% fixed
- Originated
- October 4, 2019
- Maturity
- October 6, 2024; extended by modification to October 6, 2025
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ended
- January 5, 2022
- Originator
- UBS AG
Status
- Payment status
- Non performing matured balloon. (code 5)
- Special servicing
- Transferred October 15, 2024
- Workout strategy
- REO
- Modified
- Yes, most recently October 6, 2024
- Defeasance
- Partly defeased
The property
- Address
- 2716 N. Tenaya Way, Las Vegas, NV 89128
- Metro
- Las Vegas-Henderson-North Las Vegas, NV
- Rentable area
- 205,000 sq ft
- Built
- 1998, renovated 2016
- Largest tenants
- United Health Care
- Value at securitization
- $70.2M (Aug 2019)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.58x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $4.8M | n/a |
Watch flags
Computed from the CSAIL 2019-C18 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Past maturity
- Modified
On the cmbs.news watch list in every report since May 2026.
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 most recent valuation in the filing is $57.9M (September 24, 2025), against $70.2M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $18.5M | Non performing matured balloon | Yes | n/a | n/a |
| August 2026 | $18.5M | Non performing matured balloon | Yes | n/a | n/a |
| July 2026 | $18.6M | Non performing matured balloon | Yes | n/a | n/a |
| June 2026 | $18.8M | Non performing matured balloon | Yes | n/a | n/a |
| May 2026 | $18.8M | Non performing matured balloon | Yes | n/a | n/a |
| April 2026 | $27.1M | Current | No | 1.87x | 100% |
| March 2026 | $18.8M | Non performing matured balloon | Yes | n/a | n/a |
| February 2026 | $18.8M | Non performing matured balloon | Yes | n/a | n/a |
| January 2026 | $18.8M | Non performing matured balloon | Yes | n/a | n/a |
| December 2025 | $18.8M | Non performing matured balloon | Yes | n/a | n/a |
| November 2025 | $18.8M | Non performing matured balloon | Yes | n/a | n/a |
| October 2025 | $18.8M | Non performing matured balloon | Yes | 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.
Special-servicing history
- Transferred to the special servicer October 15, 2024, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CSAIL 2019-C18 Commercial Mortgage Trust | 8 | $18,497,254 | Sep 2026 | SEC filing, September 28, 2026 |
Other Las Vegas-Henderson-North Las Vegas loans due in 2025
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| United Healthcare Office | Las Vegas, NV | Office | $24.8M | 4.979% | Oct 2025 | 1.24x | 100% | Past maturity and not performing |
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.