BENCHMARK 2018-B2 Mortgage Trust

Tranches, pool and monthly delinquency indicator for BENCHMARK 2018-B2 Mortgage Trust.

Data as of loan data through September 2026; ratings as held in the dataset at build

Current pool balance: $1.06B (September 2026)
Original pool balance: $1.51B
Loans at issuance: 66
Closing date: 2018-02-27
Weighted average coupon at issuance: 4.18%
Weighted average LTV at issuance: 36.0%
30+ delinquent (latest): 0.00%
Realized stress score: 54.2
Net rating change since issuance: +0.49 notches

Tranches

Class	Original balance	Credit support (computed)	Coupon	CUSIP	Fitch	KBRA	S&P	Moody's	DBRS
A-1	$29.6M	98.04%	2.646% fixed	08161CAA9	PIF	WR	NR	not yet reported	not yet reported
A-2	$341.8M	75.36%	3.662% fixed	08161CAB7	PIF	WR	NR	not yet reported	not yet reported
A-3	$60.0M	71.37%	3.544% fixed	08161CAC5	AAA	AAA	AAA (sf)	not yet reported	not yet reported
A-4	$125.0M	63.08%	3.615% fixed	08161CAD3	AAA	AAA	AAA (sf)	not yet reported	not yet reported
A-5	$444.2M	33.61%	3.882% fixed	08161CAE1	AAA	AAA	AAA (sf)	not yet reported	not yet reported
A-S	$165.8M	22.61%	4.083% fixed	08161CAJ0	AA-	AAA	NRprelim	not yet reported	not yet reported
A-SB	$54.3M	19.00%	3.780% fixed	08161CAF8	AAA	AAA	AAA (sf)	not yet reported	not yet reported
B	$60.3M	15.00%	4.204% floating (WAC)	08161CAK7	A-	AA-	NRprelim	not yet reported	not yet reported
C	$60.3M	11.00%	4.204% floating (WAC)	08161CAL5	BBB-	A-	NR	not yet reported	not yet reported
D	$20.7M	9.62%	2.704% floating (WAC)	08161CAP6	BB-	BBB	NRprelim	not yet reported	not yet reported
E-RR	$50.9M	6.25%	4.204% floating (WAC)	08161CAR2	CCC	BB-	NR	not yet reported	not yet reported
F-RR	$18.8M	5.00%	4.204% floating (WAC)	08161CAT8	CC	B-	NR	not yet reported	not yet reported
G-RR	$18.8M	3.75%	4.204% floating (WAC)	08161CAV3	C	CCC	NRprelim	not yet reported	not yet reported
NR-RR	$56.5M	0.00%	4.204% floating (WAC)	08161CAX9	not yet reported	not yet reported	NR	not yet reported	not yet reported
R	not yet reported	not yet reported	not yet reported	08161CBB6	not yet reported	not yet reported	not yet reported	not yet reported	not yet reported
S	not yet reported	not yet reported	not yet reported	08161CAZ4	not yet reported	not yet reported	not yet reported	not yet reported	not yet reported
X-A	$1.22B	Interest only	0.434% floating	08161CAG6	AA-	AAA	NR	not yet reported	not yet reported
X-B	$60.3M	Interest only	0.000% floating	08161CAH4	not yet reported	AAA	NR	not yet reported	not yet reported
X-D	$20.7M	Interest only	1.500% fixed	08161CAM3	BB-	BBB	NR	not yet reported	not yet reported

Credit support is computed from the class stack order in the prospectus: the share of the deal's principal balance in classes junior to the class. Interest-only classes carry a notional balance and no principal support figure. Ratings are the latest held in the dataset for each class and agency; NR means the agency shows the class as not rated, WR that the rating was withdrawn, PIF that the class has been paid in full. Any other status value is shown exactly as the agency reports it. A + after a CUSIP marks a class with companion CUSIPs in the dataset.

Pool at issuance

Loans	66
Original loan balance	$1.73B
Weighted average coupon	4.18%
Weighted average LTV	36.0%
Median loan LTV	54.4%
Full-term interest only (share of balance)	57.2%
Balloon loans (share of balance)	100.0%
Largest loan (share of balance)	4.6%
Five largest loans (share of balance)	19.5%
Occupancy at issuance (weighted average)	91.3%

Realized outcomes

Months reported	104
Peak 30+ delinquency	0.00% (February 2018)
Ever severe (share of original balance)	26.86%
Ever modified (share of original balance)	3.75%
Past scheduled maturity (share of original balance)	7.77%
Non-performing matured (share of original balance)	64.90%
Maximum servicer advances (share of balance)	0.76%
Median DSCR, first year	2.25
Median DSCR, latest	1.94
Realized stress score	54.2

Property types

Property type	Original balance	Share of pool
Office	$710.6M	41.0%
Lodging	$327.1M	18.9%
SE	$195.7M	11.3%
Retail	$188.8M	10.9%
Multifamily	$151.1M	8.7%
Mixed use	$83.0M	4.8%
Industrial	$42.9M	2.5%
Other (code 98)	$24.5M	1.4%
Self storage	$7.7M	0.4%

Property type is reported for 100.0% of the pool balance; shares are of the full pool.

Largest loans

Property	Location	Original balance	Share of pool	Coupon	Originated
Central Park of Lisle	Lisle, IL	$79.5M	4.6%	4.35%	2017
Promenade Shops at Aventura	Aventura, FL	$70.0M	4.0%	4.67%	2018
Apple Campus 3	Sunnyvale, CA	$68.0M	3.9%	3.36%	2017
DEFEASED - EOS 21	not yet reported	$60.0M	3.5%	3.88%	2017
InterContinental San Francisco	San Francisco, CA	$60.0M	3.5%	4.15%	2017

Delinquency and stress indicator

▬ 30+ days delinquent · ▬ Distressed (90+, foreclosure, REO, non-performing matured)

Monthly shares of the deal's reported balance, from the deal indicator series in the dataset. Months in which fewer than half of the reported loans carry a delinquency status code are not plotted.

Ratings

Classes with a CUSIP	19 of 19
Classes with a current rating in the dataset	17 of 19
Net rating change since issuance	+0.49 notches (balance-weighted)
Delinquency threshold crossed	Not crossed in the dataset
First downgrade	None recorded

Sources: SEC Form ABS-EE asset-level reports, Form 10-D distribution reports and the deal prospectus; rating histories published under SEC Rule 17g-7(b) and agency releases. Definitions are in the methods note on the market page.