BMARK 2021-B25
Explore verified charts, linked entities, and recent activity for this CMBS deal. Data last updated March 26, 2026.2026-03-26
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Quick Answer
What is BMARK 2021-B25? A US commercial mortgage-backed security ($1.2B; 47 loans; 85 properties).
Identifiers: Series bmark2021-b25; CIK 1851115.
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 1851115.
Machine-readable data: https://dealcharts.org/llm/facts/bmark2021-b25.json · API docs
📋 Quick Links
Who's Involved#
Rating AgenciesS&P, Fitch, KBRA
Certificate AdministratorComputershare Trust Company, N.A.
DepositorGS Mortgage Securities Corporation II
Special ServicerSitus Holdings
Master ServicerMidland Loan Services
Operating AdvisorPentalpha Surveillance
Special ServicerRialto Capital Advisors
Deal Metrics
Key performance indicators and statistics tracking the deal's current status and history.Deal Overview
Original Trust Amount
$1,209,528,850Current Trust Amount
$1,165,532,966Number of Loans
47Number of Properties
85Average Loan Size
$25,734,656Portfolio Characteristics
Weighted Average Interest Rate
3.6%Weighted Average Term
116 monthsWA DSCR (NCF) at Issuance
2.75xWA DSCR (NCF) Current
2.38xOriginal Valuation
$5,350,853,619Current Valuation
$5,303,223,619Key Dates
Origination Date
4/1/2021Latest Valuation
9/30/2025Latest Transfer
10/28/2025Latest Return
3/5/2026Latest Modification
12/24/2025Special Servicing Status
Loans in Special Servicing
2Special Servicing Balance
$8,911,867Loans Returned to Master
3Balance Returned
$31,096,200Avg Time in Special Servicing
962 daysAvg Time to Return
361 daysValuation Changes
Updated Valuations
3Total Updated Value
$7,650,000Value Change Amount
-$7,510,000Value Change Percentage
-139.7%Modifications
Number of Modifications
7Modified Balance
$206,500,726Deal Charts
Charts showing deal performance over time.
Fund Exposure#
Source: NPORT-P & related disclosures • 2026-01-28| Fund Name | Filing Date | FIGI | LEI | Tranches | Total Value | Reporting Period |
|---|---|---|---|---|---|---|
| Bond Fund of America | 2026-02-26 | Search FIGI | Lookup LEI | A-5 | $22,201,361 | 2025-12-31 |
| Intermediate Bond Fund of America | 2026-01-29 | Search FIGI | Lookup LEI | A-5 | $15,103,321 | 2026-08-31 |
| American Funds Multi-Sector Income Fund | 2026-02-26 | Search FIGI | Lookup LEI | B | $4,187,016 | 2025-12-31 |
| American Balanced Fund | 2026-02-26 | Search FIGI | Lookup LEI | A-5 | $1,924,760 | 2025-12-31 |
| MML Managed Bond Fund | 2026-02-26 | Search FIGI | Lookup LEI | 300P-C | $1,729,512 | 2025-12-31 |
| DoubleLine Commercial Real Estate ETF | 2026-02-20 | Search FIGI | Lookup LEI | A-3 | $1,147,069 | 2026-09-30 |
| SIIT CORE FIXED INCOME FUND | 2026-01-28 | Search FIGI | Lookup LEI | A-4 | $775,384 | 2026-05-31 |
| Capital Income Builder | 2025-12-29 | Search FIGI | Lookup LEI | A-5 | $426,928 | 2025-10-31 |
| American Funds Strategic Bond Fund | 2026-02-26 | Search FIGI | Lookup LEI | B | $393,147 | 2025-12-31 |
| Delaware Strategic Allocation Fund | 2023-10-31 | Search FIGI | Lookup LEI | A-5 | $373,461 | 2023-03-31 |
| Short Duration Bond Fund | 2026-01-28 | Search FIGI | Lookup LEI | A-1 | $102,261 | 2026-05-31 |
| Fund Name | Tranches | Ids |
|---|---|---|
| Bond Fund of America $22,201,361 2025-12-31 | A-5 | Search FIGI Lookup LEI |
| Intermediate Bond Fund of America $15,103,321 2026-08-31 | A-5 | Search FIGI Lookup LEI |
| American Funds Multi-Sector Income Fund $4,187,016 2025-12-31 | B | Search FIGI Lookup LEI |
| American Balanced Fund $1,924,760 2025-12-31 | A-5 | Search FIGI Lookup LEI |
| MML Managed Bond Fund $1,729,512 2025-12-31 | 300P-C | Search FIGI Lookup LEI |
| DoubleLine Commercial Real Estate ETF $1,147,069 2026-09-30 | A-3 | Search FIGI Lookup LEI |
| SIIT CORE FIXED INCOME FUND $775,384 2026-05-31 | A-4 | Search FIGI Lookup LEI |
| Capital Income Builder $426,928 2025-10-31 | A-5 | Search FIGI Lookup LEI |
| American Funds Strategic Bond Fund $393,147 2025-12-31 | B | Search FIGI Lookup LEI |
| Delaware Strategic Allocation Fund $373,461 2023-03-31 | A-5 | Search FIGI Lookup LEI |
| Short Duration Bond Fund $102,261 2026-05-31 | A-1 | Search FIGI Lookup LEI |
11 of 11 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
2026-02-26
Prospectus ID: 31A-2-1
02/04/2026 - The collateral is a single tenant high-rise office building in Brooklyn, NY. The tenant is NYC DCAS and the building houses the NYC Housing Court. The loan transferred to special servicing on 10/7/24, due to payment default. Borrower faile d to pay required reserve payments triggered due to the tenant not executing a five-year lease extension. Counsel has been engaged and the loan was accelerated. Lender filed a Receiver motion that was denied. Subsequently, Borrower submitted a propose d lease for the primary tenant that was contingently approved. Lender and Borrower closed a modification on 12/30/2025 that allows for the execution of the DCAS lease, paid all of Lender''s fees and enforcement costs, and gives Lender a $10MM evergreen L OC as additional collateral for the remainder of the loan term. The Loan will be returned to Master Servicing upon collection of 3 timely Loan Payments.
💬 Servicer Commentary
2026-02-26
7828 Georgia Ave Nw
Norman Jemal
Prospectus ID: 30
2/11/2026 - Loan transferred to Special Servicing for payment default. Lender has sent PNL and is reaching out to the Borrower group. Borrower has executed PNL. Borrower has been sent notice of tax shortfall. Borrower has brought the loan current and exec uted forbearance; confirmed compliance with CMA. Once CMA budget is approved by Special Servicer, loan will return to Master Servicer.
💬 Servicer Commentary
2026-02-26
Portfolio (3 Retail properties)
John Boone
Prospectus ID: 33
2/11/2026 - The Loan transferred to the Special Servicer in February 2023 for non-monetary defaults. Special Servicer is in communication with the Borrower and has engaged an examiner to determine the CMA shortfall that needs to be replenished. Borrower h as easement proposal approved for one new lease. Financials have been submitted. Borrower has requested turning over the property by way of a DIL; Special Servicer has conducted site visits and court has approved the appointment of the Receiver. Receiver has taken control of property and is negotiating renewals; McAdory building, under contract for sale, closed August 2025. Lender has scheduled foreclosure for February 27, 2026, as to remaining
💬 Servicer Commentary
2025-06-27
Mid Cape Flex
Douglas Hannah
Prospectus ID: 43
Subject collateral consists of a 101,430 SF office/industrial property located in Cape Coral, FL, built in 2006. The loan has returned to master from special servicing effective 5/20/25. Additionally, loan is being monitored for delinquent insurance.
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/bmark2021-b25
{
"deal_id": "bmark2021-b25",
"issuer": "",
"shelf": "",
"issue_date": "",
"linked_entities": [
{
"role": "Rating Agencies",
"name": "S&P, Fitch, KBRA"
},
{
"role": "Certificate Administrator",
"name": "Computershare Trust Company, N.A."
},
{
"role": "Depositor",
"name": "GS Mortgage Securities Corporation II"
},
{
"role": "Special Servicer",
"name": "Situs Holdings"
},
{
"role": "Master Servicer",
"name": "Midland Loan Services"
},
{
"role": "Operating Advisor",
"name": "Pentalpha Surveillance"
},
{
"role": "Special Servicer",
"name": "Rialto Capital Advisors"
}
]
}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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