BMARK 2018-B4 - Charts and Resources
Data discoverability for CMBS deal BMARK 2018-B4 updated as of 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.| Role | Party |
|---|---|
| Rating Agencies | S&P, Fitch, Morningstar |
| Depositor | Deutsche Mortgage & Asset Receiving Corporation |
| Master Servicer | Wells Fargo Bank, National Association |
| Master Servicer | Trimont Real Estate Advisors |
| Special Servicer | CWCapital Asset Management |
| Controlling Class | Barings |
| Operating Advisor | Park Bridge Lender Services |
| Certificate Administrator | Wells Fargo Bank, N.A. |
| Trustee | Wilmington Trust, National Association |
| Certificate Administrator | Computershare Trust Company, N.A. |
Deal Metrics
Key performance indicators and statistics tracking the deal's current status and history.Deal Overview
Portfolio Characteristics
Key Dates
Special Servicing Status
Valuation Changes
Modifications
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.
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.* 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.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.
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.
* 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.
CREFC IRP standardized datasets
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