1,091 deals

BMARK 2018-B4 - Charts and Resources

Data discoverability for CMBS deal BMARK 2018-B4 updated as of 2025-04-28.

2025-04-28

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 66 properties across 24 U.S. states.
RoleParty
Rating AgenciesS&P, Fitch, Morningstar
DepositorDeutsche Mortgage & Asset Receiving Corporation
Master ServicerWells Fargo Bank, National Association
Master ServicerTrimont Real Estate Advisors
Special ServicerCWCapital Asset Management
Controlling ClassBarings
Operating AdvisorPark Bridge Lender Services
Certificate AdministratorWells Fargo Bank, N.A.
TrusteeWilmington Trust, National Association
Certificate AdministratorComputershare Trust Company, N.A.

Deal Metrics

Key performance indicators and statistics tracking the deal's current status and history.

Deal Overview

Original Trust Amount
$1,159,051,750
Current Trust Amount
$1,009,066,698
Number of Loans
48
Number of Properties
66
Average Loan Size
$24,146,911

Portfolio Characteristics

Weighted Average Interest Rate
4.6%
Weighted Average Term
111 months
Original Valuation
$9,511,625,000
Current Valuation
$12,831,275,000

Key Dates

Origination Date
6/12/2018
Latest Valuation
6/28/2024
Latest Transfer
9/10/2024
Latest Return
2/21/2022
Latest Modification
11/1/2020

Special Servicing Status

Loans in Special Servicing
3
Special Servicing Balance
$108,621,052
Loans Returned to Master
3
Balance Returned
$63,317,485
Avg Time in Special Servicing
378 days
Avg Time to Return
247 days

Valuation Changes

Updated Valuations
6
Total Updated Value
$225,500,000
Value Change Amount
-$113,300,000
Value Change Percentage
-175.1%

Modifications

Number of Modifications
5
Modified Balance
$106,030,756

Deal 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.

Geographic Distribution - BMARK 2018-B4 - All States
2025-04-28

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.
Fund NameFiling DateFIGILEITranchesTotal ValueReporting Period
Federated Hermes Total Return Bond Fund2025-04-22Search FIGILookup LEIA-5$29,058,1922025-11-30
Fidelity Total Bond K6 Fund2025-04-25Search FIGILookup LEIA-5$4,063,3392025-08-31
Fidelity Series Investment Grade Bond Fund2025-04-25Search FIGILookup LEIA-5$3,903,7812025-08-31
Fidelity Investment Grade Securitized ETF2025-04-25Search FIGILookup LEIA-SB$3,514,7732025-08-31
Fidelity Investment Grade Bond Central Fund2025-02-25Search FIGILookup LEIA-5$3,134,6352025-09-30
Fidelity Total Bond Fund2025-04-25Search FIGILookup LEIA-5$2,890,6392025-08-31
Fidelity SAI Total Bond Fund2025-04-25Search FIGILookup LEIA-5$1,503,5632025-08-31
Strategic Advisers Fidelity Core Income Fund2025-04-25Search FIGILookup LEIA-5$1,233,3912025-05-31
Fidelity Investment Grade Bond Fund2025-04-25Search FIGILookup LEIA-5$788,9792025-08-31
iShares CMBS ETF2025-03-27Search FIGILookup LEIA-SB$322,3032025-10-31
iShares Core Total USD Bond Market ETF2025-03-26Search FIGILookup LEIA-SB$322,3032025-10-31
Hartford Total Return Bond ETF2025-03-27Search FIGILookup LEIX-A$219,4722025-07-31
THE HARTFORD TOTAL RETURN BOND FUND2025-03-27Search FIGILookup LEIX-A$124,9802025-10-31
Fidelity Total Bond ETF2025-04-25Search FIGILookup LEIA-5$124,3182025-08-31
Fidelity Limited Term Securitized Completion Fund2025-04-25Search FIGILookup LEIA-SB$17,0452025-08-31
Fund NameTranchesIds
Federated Hermes Total Return Bond Fund
$29,058,192
2025-11-30
A-5Search FIGI
Lookup LEI
Fidelity Total Bond K6 Fund
$4,063,339
2025-08-31
A-5Search FIGI
Lookup LEI
Fidelity Series Investment Grade Bond Fund
$3,903,781
2025-08-31
A-5Search FIGI
Lookup LEI
Fidelity Investment Grade Securitized ETF
$3,514,773
2025-08-31
A-SBSearch FIGI
Lookup LEI
Fidelity Investment Grade Bond Central Fund
$3,134,635
2025-09-30
A-5Search FIGI
Lookup LEI
Fidelity Total Bond Fund
$2,890,639
2025-08-31
A-5Search FIGI
Lookup LEI
Fidelity SAI Total Bond Fund
$1,503,563
2025-08-31
A-5Search FIGI
Lookup LEI
Strategic Advisers Fidelity Core Income Fund
$1,233,391
2025-05-31
A-5Search FIGI
Lookup LEI
Fidelity Investment Grade Bond Fund
$788,979
2025-08-31
A-5Search FIGI
Lookup LEI
iShares CMBS ETF
$322,303
2025-10-31
A-SBSearch FIGI
Lookup LEI
iShares Core Total USD Bond Market ETF
$322,303
2025-10-31
A-SBSearch FIGI
Lookup LEI
Hartford Total Return Bond ETF
$219,472
2025-07-31
X-ASearch FIGI
Lookup LEI
THE HARTFORD TOTAL RETURN BOND FUND
$124,980
2025-10-31
X-ASearch FIGI
Lookup LEI
Fidelity Total Bond ETF
$124,318
2025-08-31
A-5Search FIGI
Lookup LEI
Fidelity Limited Term Securitized Completion Fund
$17,045
2025-08-31
A-SBSearch FIGI
Lookup LEI
* 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.

Deal Documents

Links to the deal documents for BMARK 2018-B4.

Monthly Remittance Report

2025-04-28

Final Prospectus

2018-07-13

Preliminary Prospectus

2018-06-22

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.

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 February 2025, the subject is 64.9% leased. This is compared to YE 2023 and YE 2022 leased occupancies of 67.1% and 71.3%, respectively. The Property's largest tenant is at lease with an amendment to reduce their footprint by nearly two thirds, while ex tending the term on their remaining premises by 7.5 years. Once finalized, occupancy will decrease to 57.8%. A site inspection was completed in November and noted the Property is in good condition with no observed deferred maintenance. One of three pari pa ssu loans. Discussions with the Borrower regarding a potential loan modification are ongoing.

2025-03-26
Westbrook Corporate Center
Raymond Massa

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 December 2024 is 62%. The December 2024 T-12 NOI DSCR based on the Borrower's unaudited financials was 1.08x. Cash management has been complemented. 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 larger loan modification.

2025-03-26
Portfolio (10 Office properties)
Accesso Investment Properties VI LLLP
* 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.

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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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