BMARK 2018-B1 - Charts and Resources
Data discoverability for CMBS deal BMARK 2018-B1 updated as of 2025-06-27.
2025-06-27
Deal Overview
Benchmark 2018-B1 Mortgage Trust's issuance is a U.S. CMBS transaction issued from the BMARK shelf and backed by 54 commercial mortgage loans with an aggregate principal balance of 1.2 billion at issuance, secured by the fee and leasehold interests in 204 properties across 34 U.S. states.CIK
1722194
Rating AgenciesS&P, Fitch, KBRA
Controlling ClassEIGHTFOLD REAL ESTATE CAPITAL FUND V, L.P.
Master ServicerTrimont Real Estate Advisors
Special ServicerLNR Partners
Operating AdvisorPark Bridge Lender Services
Certificate AdministratorWells Fargo Bank, N.A.
DepositorDeutsche Mortgage & Asset Receiving Corporation
Certificate AdministratorComputershare Trust Company, N.A.
Master ServicerWells Fargo Bank, National Association
TrusteeWilmington Trust, National Association
Deal Metrics
Key performance indicators and statistics tracking the deal's current status and history.Deal Overview
Original Trust Amount
$1,166,626,000Current Trust Amount
$825,678,278Number of Loans
54Number of Properties
204Average Loan Size
$21,604,185Portfolio Characteristics
Weighted Average Interest Rate
4.1%Weighted Average Term
110 monthsOriginal Valuation
$11,740,670,000Current Valuation
$10,211,710,000Key Dates
Origination Date
12/29/2017Latest Valuation
2/19/2025Latest Transfer
3/6/2025Latest Return
6/21/2022Latest Modification
12/6/2021Special Servicing Status
Loans in Special Servicing
6Special Servicing Balance
$118,627,952Loans Returned to Master
1Balance Returned
$10,480,281Avg Time in Special Servicing
905 daysAvg Time to Return
615 daysValuation Changes
Updated Valuations
4Total Updated Value
$54,275,000Value Change Amount
-$65,385,000Value Change Percentage
-217.2%Modifications
Number of Modifications
5Modified Balance
$72,405,059Deal Charts
Visual analytics and interactive charts showing the deal's performance over time. Track key metrics like balance, delinquency rates, and special servicing status through interactive visualizations.
Fund Holdings
Explore a list of funds that include BMARK 2018-B1 bonds in their portfolios, sourced directly from the most recent NPORT-P filings on EDGAR SEC.gov. The funds in this table should have a reporting period end date in the future which means the holdings are current as of the most recent filing.* This table is not yet exhaustive. It is a new feature and contains only the funds we have found so far based on the tranche identifiers we know about. We are still working on it!
* The FIGI Search url provided for each fund will link you to the OpenFIGI search page to lookup FIGI identifiers.
* Reporting Period represents the reporting period end date from the NPORT-P filing.
* For full disclosures, please visit our disclosures page.
* The FIGI Search url provided for each fund will link you to the OpenFIGI search page to lookup FIGI identifiers.
* Reporting Period represents the reporting period end date from the NPORT-P filing.
* For full disclosures, please visit our disclosures page.
Recent Commentary
Special servicers provide regular updates on the status of troubled loans. Below are recent comments from special servicing reports filed with sec.gov EDGAR for BMARK 2018-B1, giving insights into the current situation and actions being taken.💬 Servicer Commentary
2025-07-28
156-168 Bleecker
RWN Capital Holdings LLC
Prospectus ID: 17
REO Title Date: February 21, 2025. Description of Collateral: The subject property is a retail condominium unit located at 156-168 Bleecker Street in New York, New York. More specially, the property is located on the southern blockfront of Bleeker Stree t between Sullivan Street and Thompson Street, within the Greenwich Village neighborhood of Manhattan. The subject commercial unit consists of 27,541 SF of net rentable area, with 14,706 SF of ground floor level space and 12,835 square feet of selling bas ement space. It is currently configured as seven retail units and one residential unit (a fair market 2-bedroom apartment). Currently three of the retail units are occupied while the remaining four units are vacant. The residential unit is vacant and cann ot be occupied without being renovated. Current occupancy is 80.1%. Crossed with or is a Companion Loan to: N/A. Deferred Maintenance/Repair Issues: Generally in Good condition. Leasing Summary: Recently finalized a renewal with CVS. Evaluating LOI for end-cap. Colliers has been appointed as PM/easing agent. Marketing Summary: Asset is not currently listed for sale.
💬 Servicer Commentary
2025-07-28
Portfolio (65 Hotel properties)
SCG Hotel Investors Holdings L.P.
Prospectus ID: 27
Loan transferred to Special Servicing effective 2/24/25 due to imminent default. Hello Letter was noticed and PNA has been executed. Collateral consists of a 65 mixed service hotels, totaling 6,366 keys. Loan is paid through 6/1/2025. Servicer is actively negotiating modification terms with Borrower. Appraisal has been received and is under review.
💬 Servicer Commentary
2025-07-28
Prospectus ID: 5A
Subject is a $940,000,000 note that is secured by a senior lien against a 47-story, 1,596,521 square foot, Class A multi-tenant office property located at 825 Eight Avenue in New York City. Note is due for the July 6, 2025, payment and matures on November 6, 2027. Collateral also includes 252,107 square feet of amenity space (restaurant and retail tenants). Capital stack includes mezzanine debt. The Cravath law firm lease expired on August 31, 2024, and the tenant vacated the collateral at said time. The Borrower does not have a replacement tenant. The loss of this tenant causes operating shortfalls for the September 2024 and subsequent waterfalls. Note was transferred to the special servicer on September 13, 2024, due to imminent default. Nomura, a cur rent tenant, has an early termination option date on July 1, 2025. Legal counsel has been engaged and a PNA agreement has been executed with the Borrower. Default notices were sent to the mezzanine lenders, and they have not responded within the required3 0-day window. Loan was therefore modified to utilize loan reserves to fund shortfalls in the monthly operating expenses and debt service waterfall through the senior secured debt. Borrower is in negotiations with Nomura for the extension of their lease. Nomura is also working with a landlord at a second location. Borrower has started negotiations for the restructuring of the note with the Special Servicer to allow new
💬 Servicer Commentary
2025-07-28
1114-1126 Lake Street
Antonio Vallado
Prospectus ID: 31
Title Date: 7/5/24 Property Description: The property represents the retail component of a mixed-use high-rise development located at 1114-1126 Lake Street in Oak Park, Cook County, Illinois. The 0.80-acre site is along the northern side of Lake Street ju st east of Harlem Avenue. The property was constructed in 2006 and include 63,010 square feet of gross leasable area. Leasing Summary: Fitness Formula Club occupies 47,074 square feet of space on floors one through three with a base lease through May 202 7. There are five additional ground-level retail spaces that are currently vacant. The leasing agent on the property has been switched as of September 2024. The new leasing company is currently marketing the vacancies. Negotiating a new lease with a cred it tenant for 3,516 SF. The subject occupancy rate is 74.7% Marketing Summary: The property is not currently listed for sale but is being marketed for lease.
💬 Servicer Commentary
2025-07-28
Worldwide Plaza
SL Green Operating Partnership L.P.
Prospectus ID: 5
Subject is a $940,000,000 note that is secured by a senior lien against a 47-story, 1,596,521 square foot, Class A multi-tenant office property located at 825 Eight Avenue in New York City. Note is due for the July 6, 2025, payment and matures on November 6, 2027. Collateral also includes 252,107 square feet of amenity space (restaurant and retail tenants). Capital stack includes mezzanine debt. The Cravath law firm lease expired on August 31, 2024, and the tenant vacated the collateral at said time. The Borrower does not have a replacement tenant. The loss of this tenant causes operating shortfalls for the September 2024 and subsequent waterfalls. Note was transferred to the special servicer on September 13, 2024, due to imminent default. Nomura, a current tenant, has an early termination option date on July 1, 2025. Legal counsel has been engaged and a PNA agreement has been executed with the Borrower. Default notices were sent to the mezzanine lenders, and they have not responded within the required 30-day window. Loan was therefore modified to utilize loan reserves to fund shortfalls in the monthly operating expenses and debt service waterfall through the senior secured debt. Borrower is in negotiations with Nomura for the extension of their lease . Nomura is also working with a landlord at a second location. Borrower has started negotiations for the restructuring of the note with the Special Servicer to allow new
* This list shows only a few of the most recent special servicing commentaries. We are continuously updating our coverage!
* The tagged date represents the date of the Edgar sec.gov filing.
* For full disclosures, please visit our disclosures page.
* The tagged date represents the date of the Edgar sec.gov filing.
* For full disclosures, please visit our disclosures page.
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