Kilambi News
Monday, October 19, 2026

Benchmark 2025-V18 Mortgage Trust: loan annex

Page built October 19, 2026

Loan detail for Benchmark 2025-V18 Mortgage Trust.

Data as of loan data through September 2026; ratings as held in the dataset at 2026-10-01

← Benchmark 2025-V18 Mortgage Trust · CMBS market

Detail sections for the 27 loans of this deal that do not have a page of their own. Loans with a surveillance history, loans at or above the section's size threshold of $25.0M, and the largest loans in the deal have their own pages, linked from the loan table on the deal page. Every loan in the deal appears either here or on its own page.

LANDINGS I & II

PropertyLANDINGS I & II
Address9025 AND 9045 RIVER ROAD; Indianapolis, IN 46240
Property typeOffice
Units, beds or keysnot yet reported
Net rentable square feet233,979
Year built1997
Year last renovated2022
Original balance$24.0M
Current balance$24.0M (September 2026)
Share of deal balance1.8%
Interest rate at origination6.65%
Current interest rate6.65%
Origination date09-19-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-10-06
Prepayment lockout end08-05-2030
Yield maintenance endnot yet reported
ServicerTrimont LLC
Loan servicernot yet reported
OriginatorCiti Real Estate Funding Inc.
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$39.0M07-11-2025MAI

Largest tenants

TenantSquare feetLease expiration
American Structurepoint Inc.98,44708-31-2033
United States Infrastructure Corporation47,05610-31-2029
WGU CORPORATION16,35709-30-2032

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)06-30-2026
Revenue$2.5M
Operating expenses$1.1M
Net operating income$1.4M
Net cash flow$1.3M
DSCR (net cash flow)1.60
DSCR (net operating income)1.77
Occupancy92%
Servicer advances outstanding$0

NYC Mixed-Use Portfolio

PropertyNYC Mixed-Use Portfolio
AddressNY
Property typenot yet reported
Units, beds or keysnot yet reported
Net rentable square feetnot yet reported
Year builtnot yet reported
Year last renovatednot yet reported
Original balance$24.0M
Current balance$24.0M (September 2026)
Share of deal balance1.8%
Interest rate at origination6.65%
Current interest rate6.65%
Origination date09-09-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-10-06
Prepayment lockout end07-05-2030
Yield maintenance endnot yet reported
ServicerTrimont LLC
Loan servicernot yet reported
OriginatorDBR Investments Co. Limited
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$36.1Mnot yet reportednot yet reported

Latest financials

Financial period end (latest)not yet reported
Revenuenot yet reported
Operating expensesnot yet reported
Net operating incomenot yet reported
Net cash flownot yet reported
DSCR (net cash flow)not yet reported
DSCR (net operating income)not yet reported
Occupancynot yet reported
Servicer advances outstanding$0

161 WASHINGTON STREET

Property161 WASHINGTON STREET
Address161 WASHINGTON STREET; Conshohocken, PA 19428
Property typeOffice
Units, beds or keysnot yet reported
Net rentable square feet349,659
Year built2002
Year last renovated2023
Original balance$22.5M
Current balance$22.5M (September 2026)
Share of deal balance1.7%
Interest rate at origination6.30%
Current interest rate6.30%
Origination date09-04-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-09-06
Prepayment lockout end09-05-2027
Yield maintenance end03-05-2030
ServicerTrimont LLC
Loan servicernot yet reported
OriginatorGoldman Sachs Bank USA
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$78.0M07-17-2025MAI

Largest tenants

TenantSquare feetLease expiration
MARSH & MCLENNAN AGENCY35,38305-31-2027
ALLIED BARTON (HQ)34,03301-31-2029
CENTERSQUARE INVESTMENT MGMT. (HQ)24,27304-30-2034

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)not yet reported
Revenuenot yet reported
Operating expensesnot yet reported
Net operating incomenot yet reported
Net cash flownot yet reported
DSCR (net cash flow)not yet reported
DSCR (net operating income)not yet reported
Occupancynot yet reported
Servicer advances outstanding$0

365 WEST PASSAIC

Property365 WEST PASSAIC
Address365 WEST PASSAIC STREET; Rochelle Park, NJ 07662
Property typeOffice
Units, beds or keysnot yet reported
Net rentable square feet220,313
Year built1976
Year last renovated2023
Original balance$22.5M
Current balance$22.5M (September 2026)
Share of deal balance1.7%
Interest rate at origination6.71%
Current interest rate6.71%
Origination date09-18-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-10-06
Prepayment lockout end07-05-2030
Yield maintenance endnot yet reported
ServicerTrimont LLC
Loan servicernot yet reported
OriginatorDBR Investments Co. Limited
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$36.5M05-06-2025MAI

Largest tenants

TenantSquare feetLease expiration
BOTWINICK & CO21,99402-28-2034
CARE PLUS NJ17,81603-31-2034
STANTEC CONSULTING SERVICES13,42511-30-2030

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)not yet reported
Revenuenot yet reported
Operating expensesnot yet reported
Net operating incomenot yet reported
Net cash flownot yet reported
DSCR (net cash flow)not yet reported
DSCR (net operating income)not yet reported
Occupancynot yet reported
Servicer advances outstanding$0

QUAIL CREEK CROSSING

PropertyQUAIL CREEK CROSSING
Address3201 LAWRENCE ROAD; Wichita Falls, TX 76308
Property typeRetail
Units, beds or keysnot yet reported
Net rentable square feet157,927
Year built2006
Year last renovatednot yet reported
Original balance$22.0M
Current balance$21.8M (September 2026)
Share of deal balance1.7%
Interest rate at origination6.74%
Current interest rate6.74%
Origination date09-24-2025
Original term60 months
Amortization term360 months
Interest-only periodnot yet reported
Scheduled maturity2030-10-06
Prepayment lockout end04-05-2030
Yield maintenance endnot yet reported
ServicerTrimont LLC
Loan servicernot yet reported
OriginatorGoldman Sachs Bank USA
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$32.6M07-11-2025MAI

Largest tenants

TenantSquare feetLease expiration
HOMEGOODS, INC.23,40011-30-2033
OFFICE DEPOT20,30012-31-2031
PETSMART20,08707-31-2027

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)not yet reported
Revenuenot yet reported
Operating expensesnot yet reported
Net operating incomenot yet reported
Net cash flownot yet reported
DSCR (net cash flow)not yet reported
DSCR (net operating income)not yet reported
Occupancynot yet reported
Servicer advances outstanding$0

VILLAGE SQUARE

PropertyVILLAGE SQUARE
Address27079-27299 CHAGRIN BOULEVARD; Woodmere, OH 44122
Property typeRetail
Units, beds or keysnot yet reported
Net rentable square feet113,170
Year built1960
Year last renovated2021
Original balance$21.0M
Current balance$21.0M (September 2026)
Share of deal balance1.6%
Interest rate at origination6.45%
Current interest rate6.45%
Origination date09-30-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-10-06
Prepayment lockout end04-05-2030
Yield maintenance endnot yet reported
ServicerTrimont LLC
Loan servicernot yet reported
OriginatorGoldman Sachs Bank USA
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$32.9M08-14-2025MAI

Largest tenants

TenantSquare feetLease expiration
TARGET33,06501-31-2033
TJX COMPANIES27,12001-31-2029
DXL11,49511-30-2031

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)not yet reported
Revenuenot yet reported
Operating expensesnot yet reported
Net operating incomenot yet reported
Net cash flownot yet reported
DSCR (net cash flow)not yet reported
DSCR (net operating income)not yet reported
Occupancynot yet reported
Servicer advances outstanding$0

Loan 3A

PropertyLoan 3A
Addressnot yet reported
Property typenot yet reported
Units, beds or keysnot yet reported
Net rentable square feetnot yet reported
Year builtnot yet reported
Year last renovatednot yet reported
Original balance$20.0M
Current balance$20.0M (September 2026)
Share of deal balance1.5%
Interest rate at origination5.33%
Current interest rate5.33%
Origination date07-29-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-08-06
Prepayment lockout endnot yet reported
Yield maintenance endnot yet reported
Servicernot yet reported
Loan servicernot yet reported
Originatornot yet reported
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Latest financials

Financial period end (latest)not yet reported
Revenuenot yet reported
Operating expensesnot yet reported
Net operating incomenot yet reported
Net cash flownot yet reported
DSCR (net cash flow)not yet reported
DSCR (net operating income)not yet reported
Occupancynot yet reported
Servicer advances outstanding$0

250-254 WINTHROP STREET

Property250-254 WINTHROP STREET
Address250-254 WINTHROP STREET; Brooklyn, NY 11225
Property typeMultifamily
Units, beds or keys56
Net rentable square feetnot yet reported
Year built2023
Year last renovatednot yet reported
Original balance$17.8M
Current balance$17.8M (September 2026)
Share of deal balance1.4%
Interest rate at origination6.15%
Current interest rate6.15%
Origination date09-18-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-10-06
Prepayment lockout end04-05-2030
Yield maintenance endnot yet reported
ServicerTrimont LLC
Loan servicernot yet reported
OriginatorBank of Montreal
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$27.4M04-24-2025MAI

Latest financials

Financial period end (latest)not yet reported
Revenuenot yet reported
Operating expensesnot yet reported
Net operating incomenot yet reported
Net cash flownot yet reported
DSCR (net cash flow)not yet reported
DSCR (net operating income)not yet reported
Occupancynot yet reported
Servicer advances outstanding$0

2105-2109 1ST AVENUE

Property2105-2109 1ST AVENUE
Address2105-2109 1ST AVENUE; New York, NY 10029
Property typeMixed use
Units, beds or keys67
Net rentable square feetnot yet reported
Year built1930
Year last renovatednot yet reported
Original balance$17.5M
Current balance$17.5M (September 2026)
Share of deal balance1.3%
Interest rate at origination6.49%
Current interest rate6.49%
Origination date09-30-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-10-06
Prepayment lockout end04-05-2030
Yield maintenance endnot yet reported
ServicerTrimont LLC
Loan servicernot yet reported
OriginatorCiti Real Estate Funding Inc.
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$24.0M05-30-2025MAI

Largest tenants

TenantSquare feetLease expiration
HAZZAM R. AL NAGAR1,49006-30-2039
MR. YUR JULIAN REYES AND MR. GEOVANI JULIAN1,30006-30-2030
BECKS WINE AND SPIRITS, INC.1,15001-31-2028

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)not yet reported
Revenuenot yet reported
Operating expensesnot yet reported
Net operating incomenot yet reported
Net cash flownot yet reported
DSCR (net cash flow)not yet reported
DSCR (net operating income)not yet reported
Occupancynot yet reported
Servicer advances outstanding$0

SPYGLASS INN

PropertySPYGLASS INN
Address2705 SPYGLASS DRIVE; Pismo Beach, CA 93449
Property typeLodging
Units, beds or keys82
Net rentable square feetnot yet reported
Year built1971
Year last renovated2015
Original balance$16.6M
Current balance$16.6M (September 2026)
Share of deal balance1.3%
Interest rate at origination7.61%
Current interest rate7.61%
Origination date08-06-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-08-06
Prepayment lockout end09-05-2027
Yield maintenance end02-05-2030
ServicerTrimont LLC
Loan servicernot yet reported
OriginatorGoldman Sachs Bank USA
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$29.8M06-24-2025MAI

Latest financials

Financial period end (latest)06-30-2026
Revenue$4.9M
Operating expenses$2.8M
Net operating income$2.1M
Net cash flow$1.9M
DSCR (net cash flow)1.49
DSCR (net operating income)1.65
Occupancy71%
Servicer advances outstanding$0

COTTAGE INN BY THE SEA

PropertyCOTTAGE INN BY THE SEA
Address2351 PRICE STREET; Pismo Beach, CA 93449
Property typeLodging
Units, beds or keys80
Net rentable square feetnot yet reported
Year built1998
Year last renovated2024
Original balance$15.7M
Current balance$15.7M (September 2026)
Share of deal balance1.2%
Interest rate at origination7.61%
Current interest rate7.61%
Origination date08-06-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-08-06
Prepayment lockout end09-05-2027
Yield maintenance end02-05-2030
ServicerTrimont LLC
Loan servicernot yet reported
OriginatorGoldman Sachs Bank USA
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$25.5M06-24-2025MAI

Latest financials

Financial period end (latest)06-30-2026
Revenue$5.5M
Operating expenses$3.2M
Net operating income$2.3M
Net cash flow$2.0M
DSCR (net cash flow)1.69
DSCR (net operating income)1.87
Occupancy75%
Servicer advances outstanding$0

SPRINGFIELD TOWN CENTER

PropertySPRINGFIELD TOWN CENTER
Address6500 SPRINGFIELD MALL; Springfield, VA 22150
Property typeRetail
Units, beds or keysnot yet reported
Net rentable square feet981,463
Year built1972
Year last renovated2014
Original balance$25.0M
Current balance$15.0M (September 2026)
Share of deal balance1.1%
Interest rate at origination7.12%
Current interest rate7.12%
Origination date06-20-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-07-06
Prepayment lockout end11-05-2027
Yield maintenance end01-05-2030
ServicerMidland Loan Services
Loan servicernot yet reported
OriginatorGoldman Sachs Bank USA, Barclays Capital Real Estate Inc.
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$274.6M04-01-2025MAI

Largest tenants

TenantSquare feetLease expiration
MACYS252,24502-28-2035
DICKS SPORTING GOODS53,89101-31-2030
REGAL CINEMAS49,78810-31-2031

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)not yet reported
Revenuenot yet reported
Operating expensesnot yet reported
Net operating incomenot yet reported
Net cash flownot yet reported
DSCR (net cash flow)not yet reported
DSCR (net operating income)not yet reported
Occupancynot yet reported
Servicer advances outstanding$0

Compass Sunbelt Storage Portfolio

PropertyCompass Sunbelt Storage Portfolio
Addressnot yet reported
Property typeSelf storage
Units, beds or keys1300
Net rentable square feetnot yet reported
Year builtnot yet reported
Year last renovatednot yet reported
Original balance$11.8M
Current balance$11.8M (September 2026)
Share of deal balance0.9%
Interest rate at origination6.35%
Current interest rate6.35%
Origination date09-04-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-09-06
Prepayment lockout end03-05-2030
Yield maintenance endnot yet reported
ServicerTrimont LLC
Loan servicernot yet reported
OriginatorCiti Real Estate Funding Inc.
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$18.2Mnot yet reportednot yet reported

Latest financials

Financial period end (latest)06-30-2026
Revenue$1.0M
Operating expenses$385,280
Net operating income$645,583
Net cash flow$638,288
DSCR (net cash flow)1.68
DSCR (net operating income)1.70
Occupancy98%
Servicer advances outstanding$0

THE MARKET ON CHERRY ROAD

PropertyTHE MARKET ON CHERRY ROAD
Address2349-2353 CHERRY ROAD; Rock Hill, SC 29732
Property typeRetail
Units, beds or keysnot yet reported
Net rentable square feet132,550
Year built1965
Year last renovated2016
Original balance$11.7M
Current balance$11.7M (September 2026)
Share of deal balance0.9%
Interest rate at origination6.68%
Current interest rate6.68%
Origination date08-20-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-09-06
Prepayment lockout end03-05-2030
Yield maintenance endnot yet reported
ServicerTrimont LLC
Loan servicernot yet reported
OriginatorCiti Real Estate Funding Inc.
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$18.7M07-03-2025MAI

Largest tenants

TenantSquare feetLease expiration
Big Lots31,18001-31-2030
Office Depot16,40004-30-2030
Harbor Freight Tools USA Inc.15,00009-30-2030

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)06-30-2026
Revenue$984,248
Operating expenses$227,160
Net operating income$757,088
Net cash flow$717,245
DSCR (net cash flow)1.82
DSCR (net operating income)1.92
Occupancy100%
Servicer advances outstanding$0

Pacifica Hotel Portfolio (4-Pack)

PropertyPacifica Hotel Portfolio (4-Pack)
AddressCA
Property typeLodging
Units, beds or keys312
Net rentable square feetnot yet reported
Year builtnot yet reported
Year last renovatednot yet reported
Original balance$11.4M
Current balance$11.4M (September 2026)
Share of deal balance0.9%
Interest rate at origination7.22%
Current interest rate7.22%
Origination date08-06-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-08-06
Prepayment lockout end09-05-2027
Yield maintenance end02-05-2030
ServicerTrimont LLC
Loan servicernot yet reported
OriginatorGoldman Sachs Bank USA
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$124.8Mnot yet reportednot yet reported

Latest financials

Financial period end (latest)06-30-2026
Revenue$24.7M
Operating expenses$14.8M
Net operating income$9.9M
Net cash flow$8.9M
DSCR (net cash flow)1.71
DSCR (net operating income)1.90
Occupancy75%
Servicer advances outstanding$0

Jacov Portfolio

PropertyJacov Portfolio
AddressNY
Property typeMultifamily
Units, beds or keys29
Net rentable square feetnot yet reported
Year builtnot yet reported
Year last renovatednot yet reported
Original balance$10.5M
Current balance$10.5M (September 2026)
Share of deal balance0.8%
Interest rate at origination6.04%
Current interest rate6.04%
Origination date09-30-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-10-06
Prepayment lockout end04-05-2030
Yield maintenance endnot yet reported
ServicerTrimont LLC
Loan servicernot yet reported
OriginatorCiti Real Estate Funding Inc.
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$15.8Mnot yet reportednot yet reported

Latest financials

Financial period end (latest)not yet reported
Revenuenot yet reported
Operating expensesnot yet reported
Net operating incomenot yet reported
Net cash flownot yet reported
DSCR (net cash flow)not yet reported
DSCR (net operating income)not yet reported
Occupancynot yet reported
Servicer advances outstanding$0

Loan 21A

PropertyLoan 21A
Addressnot yet reported
Property typenot yet reported
Units, beds or keysnot yet reported
Net rentable square feetnot yet reported
Year builtnot yet reported
Year last renovatednot yet reported
Original balance$10.0M
Current balance$10.0M (September 2026)
Share of deal balance0.8%
Interest rate at origination7.12%
Current interest rate7.12%
Origination date06-20-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-07-06
Prepayment lockout endnot yet reported
Yield maintenance endnot yet reported
Servicernot yet reported
Loan servicernot yet reported
Originatornot yet reported
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Latest financials

Financial period end (latest)not yet reported
Revenuenot yet reported
Operating expensesnot yet reported
Net operating incomenot yet reported
Net cash flownot yet reported
DSCR (net cash flow)not yet reported
DSCR (net operating income)not yet reported
Occupancynot yet reported
Servicer advances outstanding$0

CFS INDUSTRIAL HQ

PropertyCFS INDUSTRIAL HQ
Address117 HOSPITAL ROAD; Devens, MA 01434
Property typeIndustrial
Units, beds or keysnot yet reported
Net rentable square feet165,335
Year built2023
Year last renovatednot yet reported
Original balance$10.0M
Current balance$10.0M (September 2026)
Share of deal balance0.8%
Interest rate at origination6.75%
Current interest rate6.75%
Origination date09-22-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-10-06
Prepayment lockout end04-05-2030
Yield maintenance endnot yet reported
ServicerTrimont LLC
Loan servicernot yet reported
OriginatorGoldman Sachs Bank USA
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$74.9M07-30-2025MAI

Largest tenants

TenantSquare feetLease expiration
Commonwealth Fusion Systems165,33510-31-2037

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)06-30-2026
Revenue$4.4M
Operating expenses$976,369
Net operating income$3.4M
Net cash flow$3.4M
DSCR (net cash flow)1.86
DSCR (net operating income)1.91
Occupancy100%
Servicer advances outstanding$0

DAVIS BUILDING

PropertyDAVIS BUILDING
Address1629 K STREET NORTH WEST; Washington, DC 20006
Property typeOffice
Units, beds or keysnot yet reported
Net rentable square feet98,049
Year built1964
Year last renovatednot yet reported
Original balance$9.8M
Current balance$9.8M (September 2026)
Share of deal balance0.7%
Interest rate at origination7.39%
Current interest rate7.39%
Origination date09-30-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-10-06
Prepayment lockout end04-05-2030
Yield maintenance endnot yet reported
ServicerTrimont LLC
Loan servicernot yet reported
OriginatorCiti Real Estate Funding Inc.
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$15.2M09-12-2025MAI

Largest tenants

TenantSquare feetLease expiration
Osi Management Inc14,38711-30-2031
Mcclendon Center8,13303-31-2035
Center Immigration Studies4,73407-31-2033

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)not yet reported
Revenuenot yet reported
Operating expensesnot yet reported
Net operating incomenot yet reported
Net cash flownot yet reported
DSCR (net cash flow)not yet reported
DSCR (net operating income)not yet reported
Occupancynot yet reported
Servicer advances outstanding$0

ORCHARD STREET PORTFOLIO

PropertyORCHARD STREET PORTFOLIO
Address12 ORCHARD PLACE, 20 ORCHARD PLACE, 28 ORCHARD PLACE, 138 ORCHARD STREET, 39 PARK HILL AVENUE; Yonkers, NY 10703
Property typeMultifamily
Units, beds or keys42
Net rentable square feetnot yet reported
Year built1890
Year last renovated2023
Original balance$9.6M
Current balance$9.6M (September 2026)
Share of deal balance0.7%
Interest rate at origination6.77%
Current interest rate6.77%
Origination date09-18-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-10-06
Prepayment lockout end08-05-2030
Yield maintenance endnot yet reported
ServicerTrimont LLC
Loan servicernot yet reported
OriginatorCiti Real Estate Funding Inc.
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$14.6M04-10-2025MAI

Latest financials

Financial period end (latest)not yet reported
Revenuenot yet reported
Operating expensesnot yet reported
Net operating incomenot yet reported
Net cash flownot yet reported
DSCR (net cash flow)not yet reported
DSCR (net operating income)not yet reported
Occupancynot yet reported
Servicer advances outstanding$0

Bronx Multifamily Portfolio

PropertyBronx Multifamily Portfolio
AddressBronx, NY
Property typeMultifamily
Units, beds or keys38
Net rentable square feetnot yet reported
Year builtnot yet reported
Year last renovatednot yet reported
Original balance$9.4M
Current balance$9.4M (September 2026)
Share of deal balance0.7%
Interest rate at origination6.56%
Current interest rate6.56%
Origination date09-19-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-10-06
Prepayment lockout end07-05-2030
Yield maintenance endnot yet reported
ServicerTrimont LLC
Loan servicernot yet reported
OriginatorDBR Investments Co. Limited
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$13.5M04-29-2025not yet reported

Latest financials

Financial period end (latest)not yet reported
Revenuenot yet reported
Operating expensesnot yet reported
Net operating incomenot yet reported
Net cash flownot yet reported
DSCR (net cash flow)not yet reported
DSCR (net operating income)not yet reported
Occupancynot yet reported
Servicer advances outstanding$0

WYNDHAM GARDEN NORFOLK DOWNTOWN

PropertyWYNDHAM GARDEN NORFOLK DOWNTOWN
Address700 MONTICELLO AVENUE; Norfolk, VA 23510
Property typeLodging
Units, beds or keys204
Net rentable square feetnot yet reported
Year built1951
Year last renovated2024
Original balance$8.9M
Current balance$8.9M (September 2026)
Share of deal balance0.7%
Interest rate at origination7.07%
Current interest rate7.07%
Origination date09-26-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-10-06
Prepayment lockout end04-05-2030
Yield maintenance endnot yet reported
ServicerTrimont LLC
Loan servicernot yet reported
OriginatorCiti Real Estate Funding Inc.
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$15.5M08-05-2025MAI

Latest financials

Financial period end (latest)not yet reported
Revenuenot yet reported
Operating expensesnot yet reported
Net operating incomenot yet reported
Net cash flownot yet reported
DSCR (net cash flow)not yet reported
DSCR (net operating income)not yet reported
Occupancynot yet reported
Servicer advances outstanding$0

WINDSONG INDUSTRIAL

PropertyWINDSONG INDUSTRIAL
Address17939 KIETH HARROW BOULEVARD; Houston, TX 77084
Property typeIndustrial
Units, beds or keysnot yet reported
Net rentable square feet64,800
Year built2019
Year last renovatednot yet reported
Original balance$6.3M
Current balance$6.3M (September 2026)
Share of deal balance0.5%
Interest rate at origination6.69%
Current interest rate6.69%
Origination date09-29-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-10-06
Prepayment lockout end04-05-2030
Yield maintenance endnot yet reported
ServicerTrimont LLC
Loan servicernot yet reported
OriginatorCiti Real Estate Funding Inc.
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$10.3M07-17-2025MAI

Largest tenants

TenantSquare feetLease expiration
Flip Wholesale10,00012-31-2028
KEM Power5,00012-31-2027
Sade Construction and Development LLC5,00007-31-2033

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)06-30-2026
Revenue$502,921
Operating expenses$193,850
Net operating income$309,071
Net cash flow$305,831
DSCR (net cash flow)1.43
DSCR (net operating income)1.45
Occupancy90%
Servicer advances outstanding$0

1701 CLAY

Property1701 CLAY
Address1701 CLAY AVENUE; Bronx, NY 10457
Property typeMultifamily
Units, beds or keys17
Net rentable square feetnot yet reported
Year built2023
Year last renovatednot yet reported
Original balance$5.9M
Current balance$5.9M (September 2026)
Share of deal balance0.4%
Interest rate at origination6.91%
Current interest rate6.91%
Origination date09-18-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-10-06
Prepayment lockout end07-05-2030
Yield maintenance endnot yet reported
ServicerTrimont LLC
Loan servicernot yet reported
OriginatorDBR Investments Co. Limited
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$7.8M06-10-2025MAI

Latest financials

Financial period end (latest)not yet reported
Revenuenot yet reported
Operating expensesnot yet reported
Net operating incomenot yet reported
Net cash flownot yet reported
DSCR (net cash flow)not yet reported
DSCR (net operating income)not yet reported
Occupancynot yet reported
Servicer advances outstanding$0

BEST WESTERN SEVEN SEAS

PropertyBEST WESTERN SEVEN SEAS
Address411 HOTEL CIRCLE SOUTH; San Diego, CA 92108
Property typeLodging
Units, beds or keys307
Net rentable square feetnot yet reported
Year built1967
Year last renovatednot yet reported
Original balance$5.8M
Current balance$5.8M (September 2026)
Share of deal balance0.4%
Interest rate at origination7.35%
Current interest rate7.35%
Origination date08-08-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-09-06
Prepayment lockout endnot yet reported
Yield maintenance end03-05-2030
ServicerTrimont LLC
Loan servicernot yet reported
OriginatorGerman American Capital Corporation
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$10.7M06-17-2025MAI

Latest financials

Financial period end (latest)not yet reported
Revenuenot yet reported
Operating expensesnot yet reported
Net operating incomenot yet reported
Net cash flownot yet reported
DSCR (net cash flow)not yet reported
DSCR (net operating income)not yet reported
Occupancynot yet reported
Servicer advances outstanding$0

THE RALEIGH

PropertyTHE RALEIGH
Address12415 AMBAUM BOULEVARD SOUTHWEST; Burien, WA 98146
Property typeMultifamily
Units, beds or keys52
Net rentable square feetnot yet reported
Year built1967
Year last renovatednot yet reported
Original balance$5.1M
Current balance$5.1M (September 2026)
Share of deal balance0.4%
Interest rate at origination6.56%
Current interest rate6.56%
Origination date08-28-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-09-06
Prepayment lockout end11-05-2027
Yield maintenance end03-05-2030
ServicerTrimont LLC
Loan servicernot yet reported
OriginatorCiti Real Estate Funding Inc.
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$9.1M08-01-2025MAI

Latest financials

Financial period end (latest)06-30-2026
Revenue$541,403
Operating expenses$322,255
Net operating income$219,148
Net cash flow$212,028
DSCR (net cash flow)1.25
DSCR (net operating income)1.30
Occupancy92%
Servicer advances outstanding$0

632 STERLING PLACE

Property632 STERLING PLACE
Address632 STERLING PLACE; Brooklyn, NY 11238
Property typeMultifamily
Units, beds or keys10
Net rentable square feetnot yet reported
Year built1906
Year last renovated2021
Original balance$4.1M
Current balance$4.1M (September 2026)
Share of deal balance0.3%
Interest rate at origination6.09%
Current interest rate6.09%
Origination date09-16-2025
Original term60 months
Amortization termnot yet reported
Interest-only period60 months
Scheduled maturity2030-10-06
Prepayment lockout end04-05-2030
Yield maintenance endnot yet reported
ServicerTrimont LLC
Loan servicernot yet reported
OriginatorCiti Real Estate Funding Inc.
Current statusCurrent
Specially serviced nowNo
DefeasedNo

Valuation

BasisAmountDateSource (as filed)
At securitization$6.2M08-14-2025MAI

Latest financials

Financial period end (latest)not yet reported
Revenuenot yet reported
Operating expensesnot yet reported
Net operating incomenot yet reported
Net cash flownot yet reported
DSCR (net cash flow)not yet reported
DSCR (net operating income)not yet reported
Occupancynot yet reported
Servicer advances outstanding$0