BMARK 2018-B4 - Charts and Resources
Data discoverability for CMBS deal BMARK 2018-B4 updated as of 2025-07-28.
2025-07-28
Deal Overview
Benchmark 2018-B4 Mortgage Trust's issuance is a U.S. CMBS transaction issued from the BMARK shelf and backed by 48 commercial mortgage loans with an aggregate principal balance of 1.2 billion at issuance, secured by the fee and leasehold interests in 68 properties across 24 U.S. states.CIK
1740849
Rating AgenciesS&P, Fitch, Morningstar
DepositorDeutsche Mortgage & Asset Receiving Corporation
Special ServicerCWCapital Asset Management
TrusteeWilmington Trust, National Association
Certificate AdministratorWells Fargo Bank, N.A.
Certificate AdministratorComputershare Trust Company, N.A.
Operating AdvisorPark Bridge Lender Services
Master ServicerTrimont Real Estate Advisors
Controlling ClassBarings
Master ServicerWells Fargo Bank, National Association
Deal Metrics
Key performance indicators and statistics tracking the deal's current status and history.Deal Overview
Original Trust Amount
$1,159,051,750Current Trust Amount
$998,317,721Number of Loans
48Number of Properties
68Average Loan Size
$24,146,911Portfolio Characteristics
Weighted Average Interest Rate
4.6%Weighted Average Term
111 monthsOriginal Valuation
$13,785,625,000Current Valuation
$17,103,075,000Key Dates
Origination Date
6/12/2018Latest Valuation
4/2/2025Latest Transfer
9/10/2024Latest Return
2/21/2022Latest Modification
11/1/2020Special Servicing Status
Loans in Special Servicing
3Special Servicing Balance
$108,429,011Loans Returned to Master
3Balance Returned
$63,192,371Avg Time in Special Servicing
513 daysAvg Time to Return
247 daysValuation Changes
Updated Valuations
6Total Updated Value
$223,300,000Value Change Amount
-$115,500,000Value Change Percentage
-180.5%Modifications
Number of Modifications
5Modified Balance
$105,768,703Deal 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-B4 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-B4, giving insights into the current situation and actions being taken.💬 Servicer Commentary
2025-07-28
Westbrook Corporate Center
Raymond Massa
Prospectus ID: 11
The loan transferred to Special Servicing effective 9/10/2024 for imminent non-monetary default. The subject is a 1,156,393 SF suburban office complex comprised of five office buildings located in Westchester, IL, built in 1986 and renovated in 2016. As of June 2025, the subject is 56.9% leased, down from 64.9% leased in Feb-2025. This is compared to YE 2024 and YE 2023 leased occupancies of 61.8% and 67.1%, respectively. The decrease in occupancy from February is due to the Property's second largest tenant signing an amendment to reduce their footprint by nearly 65%, while extending the term on their remaining premises by 7.5 years. A site inspection was completed in November 2024 and reported the Property is in good condition with no observed material deferred maintenance. One of three pari passu loans. The SS is commencing the exercise of remedies to include receivership and foreclosure following a monetary default.
💬 Servicer Commentary
2025-07-28
Portfolio (10 Office properties)
Accesso Investment Properties VI LLLP
Prospectus ID: 8
The loan transferred to Special Servicing effective 9/6/2024 for imminent monetary default. The subject is a 691,705 SF complex located in Durham, NC. The complex consists of 10 buildings that were built between 1985 and 1988. A September 2024 site inspection found the asset in good overall condition. The occupancy as of April 2025 is 60%. The December 2024 T-12 NOI DSCR based on the Borrower's unaudited financials was 1.08x. A draft budget for 2025 for all 10 buildings was also received, and it projected a YE 2025 DSCR of less than 1.0x. The Lender is in discussions with Borrower about a loan modification. Terms have not been reached between Lender and Borrower at this time. The special servicer continues to run the payment waterfall as outlined in the loan documents. As of 6/30/25, the Borrower has to fund payment shortfalls, and the loan remains current and due for the June payment.
* 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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CMBS Fund Holdings Dataset
Filing data from sec.gov NPORT-P to produce the Fund Holdings table.
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