BMARK 2018-B5
Explore verified charts, linked entities, and recent activity for this CMBS deal. Data last updated April 29, 2026.2026-04-29
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Quick Answer
What is BMARK 2018-B5? A US commercial mortgage-backed security ($1.0B; 53 loans; 230 properties).
Identifiers: Series bmark2018-b5; CIK 1745529.
Unique value: Dealcharts provides computed pool metrics, time-series performance analysis, and cross-deal comparisons not available in raw SEC EDGAR filings.
Sources: SEC EDGAR CIK 1745529.
What it means for you: This is the reported figure—the same for everyone, and it takes no one's side. For what it means from a specific position, email cairn+page@cmdrvl.com —name the CUSIP you hold (or a seat you're sizing up) and Cairn tailors the read to your position, with the receipts.
Machine-readable data: https://dealcharts.org/llm/facts/bmark2018-b5.json · API docs
📋 Quick Links
Who's Involved#
Rating AgenciesS&P, Fitch, Morningstar
Special ServicerLNR Partners
Operating AdvisorPentalpha Surveillance
Master ServicerTrimont Real Estate Advisors
Special ServicerLNR Securities Holdings
Certificate AdministratorComputershare Trust Company, N.A.
Master ServicerWells Fargo Bank, National Association
TrusteeWilmington Trust, National Association
Certificate AdministratorWells Fargo Bank, N.A.
Special ServicerMidland Loan Services
DepositorJ.P. Morgan Chase Commercial Mortgage Securities Corp.
Deal Metrics
Key performance indicators and statistics tracking the deal's current status and history.Deal Overview
Original Trust Amount
$1,039,409,250Current Trust Amount
$927,922,597Number of Loans
53Number of Properties
230Average Loan Size
$18,560,879Portfolio Characteristics
Weighted Average Interest Rate
4.6%Weighted Average Term
108 monthsWA DSCR (NCF) at Issuance
2.19xWA DSCR (NCF) Current
2.08xOriginal Valuation
$14,288,815,000Current Valuation
$12,504,990,000Key Dates
Origination Date
7/11/2018Latest Valuation
2/2/2026Latest Transfer
3/30/2026Latest Return
10/6/2023Latest Modification
7/1/2023Special Servicing Status
Loans in Special Servicing
4Special Servicing Balance
$126,387,776Loans Returned to Master
4Balance Returned
$80,898,982Avg Time in Special Servicing
367 daysAvg Time to Return
334 daysValuation Changes
Updated Valuations
4Total Updated Value
$64,200,000Value Change Amount
-$111,200,000Value Change Percentage
-195.8%Modifications
Number of Modifications
4Modified Balance
$135,939,627Deal Charts
Charts showing deal performance over time.
Fund Exposure#
Source: NPORT-P & related disclosures • 2026-03-27| Fund Name | Filing Date | FIGI | LEI | Tranches | Total Value | Reporting Period |
|---|---|---|---|---|---|---|
| Fixed Income SHares: Series M | 2026-05-29 | Search FIGI | Lookup LEI | A-2 | $3,250,906 | 2026-12-31 |
| iShares Securitized Income Active ETF | 2026-03-27 | Search FIGI | Lookup LEI | A-4 | $549,079 | 2026-04-30 |
| BlackRock Securitized Income Fund | 2025-12-23 | Search FIGI | Lookup LEI | A-4 | $546,920 | 2026-04-30 |
| N/A | 2026-05-29 | Search FIGI | Lookup LEI | A-2 | $195,054 | 2026-06-30 |
| American Century Short Duration Strategic Income ETF | 2026-04-29 | Search FIGI | Lookup LEI | D, B | $179,348 | 2026-08-31 |
| Fund Name | Tranches | Ids |
|---|---|---|
| Fixed Income SHares: Series M $3,250,906 2026-12-31 | A-2 | Search FIGI Lookup LEI |
| iShares Securitized Income Active ETF $549,079 2026-04-30 | A-4 | Search FIGI Lookup LEI |
| BlackRock Securitized Income Fund $546,920 2026-04-30 | A-4 | Search FIGI Lookup LEI |
| N/A $195,054 2026-06-30 | A-2 | Search FIGI Lookup LEI |
| American Century Short Duration Strategic Income ETF $179,348 2026-08-31 | D, B | Search FIGI Lookup LEI |
5 of 5 funds* Use toggle buttons to sort
* 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.
Provenance & Documents
Issuance → amendments → reports. Tap to view on SEC.Context & Commentary#
Entity Statements
💬 Servicer Commentary
2026-03-26
Westbrook Corporate Center
Raymond Massa
Prospectus ID: 19
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 2026, the subject is 56.9% leased, down from 64.9% leased in Q1-2025. This is compared to YE 2024 and YE 2023 leased occupancies of 61.8% and 67.1%, respectively. The decrease in occupancy from Q1-2025 is primarily due to the Property's former 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 October 2025 and reported the Property is in fair condition with no observed material deferred maintenance, but some R&M items have been put on hold. One of three pari passu loans. The loans are cash managed. Following a monetary default by the Borrower, the SS commenced the exercise of remedies, including filing a foreclosure complaint and a motion to appoint a receiver with the court. On 1/30/26, the judge approved the bond, thereby putting into effect his signed order appointing
💬 Servicer Commentary
2026-03-26
Holiday Inn Express & Suites Wheat Ridge
Anthony Jon Sherman
Prospectus ID: 37
Loan transferred SS on 7/23/24 for Imminent Default due to cash flow issues. The Property has performed below a 1.00x DSCR since COVID-19. InterContinental Hotels Group indicated they will not be renewing the Franchise Agreement upon expiration in June 2028. Additionally, the Borrower put the Property on the market to sell and only received one offer due to the anticipated flag non-renewal. Lender reversed the September Waterfall for a one-time exception to pay OpEx prior to Debt Service to trigger Default. Counsel was retained and a Notice of Default Letter was sent out to Borrower on 12/16/24. GF was appointed as Receiver on 3/11/2025 and held a Receiver auction sale in 9/2025 that was unsuccessful. Lender is working on potentially selling the Property to a third party and discussing terms of the PSA. The collateral is a 3-story, 103-key hotel located in Wheat Ridge, CO. It was acquired in 2018 by the Sponsor, built in 1984, renovated in 2014, and completed its latest PIP in 2023. Am enities include a pool, fitness center, and a business center.
External Analysis
No external analysis linked yet. Contact us to publish and link your research.Have a source-backed note on this deal? Contact us.
Datasets & API#
Machine-readable spec (ODPS): /odps/cmbs-deals.yamlGET https://api.dealcharts.org/deals/bmark2018-b5
{
"deal_id": "bmark2018-b5",
"issuer": "",
"shelf": "",
"issue_date": "",
"linked_entities": [
{
"role": "Rating Agencies",
"name": "S&P, Fitch, Morningstar"
},
{
"role": "Special Servicer",
"name": "LNR Partners"
},
{
"role": "Operating Advisor",
"name": "Pentalpha Surveillance"
},
{
"role": "Master Servicer",
"name": "Trimont Real Estate Advisors"
},
{
"role": "Special Servicer",
"name": "LNR Securities Holdings"
},
{
"role": "Certificate Administrator",
"name": "Computershare Trust Company, N.A."
},
{
"role": "Master Servicer",
"name": "Wells Fargo Bank, National Association"
},
{
"role": "Trustee",
"name": "Wilmington Trust, National Association"
},
{
"role": "Certificate Administrator",
"name": "Wells Fargo Bank, N.A."
},
{
"role": "Special Servicer",
"name": "Midland Loan Services"
},
{
"role": "Depositor",
"name": "J.P. Morgan Chase Commercial Mortgage Securities Corp."
}
]
}Access the underlying datasets used to power these analytics.
CMBS Fund Holdings Dataset
Filing data from sec.gov NPORT-P to produce the Fund Holdings table.
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CREFC IRP standardized datasets
Get the standardized dataset following the CREFC IRP format, ideal for advanced reporting and analysis.
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