← Benchmark 2018-B3 Commercial Mortgage Trust · Loan annex · CMBS market
- Deal
- Benchmark 2018-B3 Commercial Mortgage Trust
- Current balance
- $25.1M (September 2026)
- Share of deal
- 3.2%
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2028-04-06
Property and terms
| Property | Loan 19 |
| Address | not yet reported |
| Property type | SE |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | 2009 |
| Year last renovated | not yet reported |
| Original balance | $28.0M |
| Current balance | $25.1M (September 2026) |
| Share of deal balance | 3.2% |
| Interest rate at origination | 4.98% |
| Current interest rate | 4.98% |
| Origination date | 03-07-2018 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 24 months |
| Scheduled maturity | 2028-04-06 |
| Prepayment lockout end | 02-05-2028 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Citi Real Estate Funding Inc. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | Yes |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $40.1M | 01-05-2018 | MAI |
| Most recent reported | $35.0M | 2020-07-29 | MAI |
Change from securitization to the most recent reported valuation: -12.7%.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| April 2018 | $28.0M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2018 | $28.0M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2018 | $28.0M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2018 | $28.0M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2018 | $28.0M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2018 | $28.0M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2018 | $28.0M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2018 | $28.0M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2018 | $28.0M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2019 | $28.0M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2019 | $28.0M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2019 | $28.0M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2019 | $28.0M | Current | 4.98% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2019 | $28.0M | Current | 4.98% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2019 | $28.0M | Current | 4.98% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2019 | $28.0M | Current | 4.98% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2019 | $28.0M | Current | 4.98% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2019 | $28.0M | Current | 4.98% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2019 | $28.0M | Current | 4.98% | 1.75 | 1.88 | 98% | not yet reported | 06-30-2019 | $4.0M | $1.3M | $2.7M | $2.5M |
| November 2019 | $28.0M | Current | 4.98% | 1.75 | 1.88 | 98% | not yet reported | 06-30-2019 | $4.0M | $1.3M | $2.7M | $2.5M |
| December 2019 | $28.0M | Current | 4.98% | 1.75 | 1.88 | 98% | not yet reported | 06-30-2019 | $4.0M | $1.3M | $2.7M | $2.5M |
| January 2020 | $28.0M | Current | 4.98% | 1.75 | 1.88 | 98% | not yet reported | 06-30-2019 | $4.0M | $1.3M | $2.7M | $2.5M |
| February 2020 | $28.0M | Current | 4.98% | 1.75 | 1.88 | 98% | not yet reported | 06-30-2019 | $4.0M | $1.3M | $2.7M | $2.5M |
| March 2020 | $28.0M | Current | 4.98% | 1.69 | 1.82 | 98% | not yet reported | 09-30-2019 | $3.9M | $1.4M | $2.6M | $2.4M |
| April 2020 | $28.0M | Matured balloon, performing | 4.98% | 1.69 | 1.82 | 98% | $119,953 | 09-30-2019 | $3.9M | $1.4M | $2.6M | $2.4M |
| May 2020 | $28.0M | Matured balloon, non-performing | 4.98% | not yet reported | not yet reported | not yet reported | $269,804 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2020 | $28.0M | 60-89 days delinquent | 4.98% | not yet reported | not yet reported | not yet reported | $419,652 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2020 | $28.0M | 90+ days delinquent | 4.98% | not yet reported | not yet reported | not yet reported | $569,503 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2020 | $28.0M | 90+ days delinquent | 4.98% | not yet reported | not yet reported | not yet reported | $719,351 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2020 | $27.9M | 60-89 days delinquent | 4.98% | not yet reported | not yet reported | not yet reported | $449,547 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2020 | $27.9M | 90+ days delinquent | 4.98% | not yet reported | not yet reported | not yet reported | $599,399 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2020 | $27.9M | 90+ days delinquent | 4.98% | 0.70 | 0.81 | 93% | $749,248 | 08-31-2020 | $3.0M | $1.7M | $1.3M | $1.1M |
| December 2020 | $27.9M | 90+ days delinquent | 4.98% | 0.70 | 0.81 | 93% | $899,100 | 08-31-2020 | $3.0M | $1.7M | $1.3M | $1.1M |
| January 2021 | $27.9M | 90+ days delinquent | 4.98% | 0.89 | 1.00 | 88% | $1.0M | 10-31-2020 | $3.1M | $1.4M | $1.6M | $1.5M |
| February 2021 | $27.8M | 90+ days delinquent | 4.98% | 0.88 | 0.99 | 88% | $749,250 | 12-31-2020 | $3.2M | $1.5M | $1.7M | $1.5M |
| March 2021 | $27.8M | 90+ days delinquent | 4.98% | 0.88 | 0.99 | 88% | $899,110 | 12-31-2020 | $3.2M | $1.5M | $1.7M | $1.5M |
| April 2021 | $27.8M | 90+ days delinquent | 4.98% | 0.88 | 0.99 | 88% | $1.0M | 12-31-2020 | $3.2M | $1.5M | $1.7M | $1.5M |
| May 2021 | $27.8M | 90+ days delinquent | 4.98% | not yet reported | not yet reported | not yet reported | $1.0M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2021 | $27.8M | 90+ days delinquent | 4.98% | -0.60 | -0.21 | 85% | $1.2M | 03-31-2021 | $801,119 | $895,174 | $-94,054 | $-270,002 |
| July 2021 | $27.5M | Matured balloon, performing | 4.98% | 0.87 | 0.97 | 85% | $149,853 | 05-31-2021 | $3.1M | $1.4M | $1.7M | $1.6M |
| August 2021 | $27.5M | Matured balloon, performing | 4.98% | 0.78 | 0.88 | 82% | $149,850 | 06-30-2021 | $3.2M | $1.6M | $1.6M | $1.4M |
| September 2021 | $27.5M | Matured balloon, non-performing | 4.98% | 0.78 | 0.88 | 82% | $149,850 | 06-30-2021 | $3.2M | $1.6M | $1.6M | $1.4M |
| October 2021 | $27.4M | Current | 4.98% | 0.98 | 1.08 | 88% | $0 | 08-31-2021 | $3.4M | $1.4M | $1.9M | $1.8M |
| November 2021 | $27.4M | Current | 4.98% | 0.98 | 1.08 | 88% | $0 | 08-31-2021 | $3.4M | $1.4M | $1.9M | $1.8M |
| December 2021 | $27.3M | Current | 4.98% | 0.98 | 1.08 | 86% | $0 | 08-31-2021 | $3.4M | $1.4M | $1.9M | $1.8M |
| January 2022 | $27.3M | Matured balloon, performing | 4.98% | 1.00 | 1.10 | 86% | $149,850 | 09-30-2021 | $3.4M | $1.4M | $2.0M | $1.8M |
| February 2022 | $27.3M | Current | 4.98% | 1.00 | 1.10 | 93% | $0 | 09-30-2021 | $3.4M | $1.4M | $2.0M | $1.8M |
| March 2022 | $27.2M | Current | 4.98% | 1.08 | 1.17 | 93% | $0 | 12-31-2021 | $3.5M | $1.4M | $2.1M | $1.9M |
| April 2022 | $27.2M | Matured balloon, performing | 4.98% | 1.08 | 1.17 | 93% | $149,851 | 12-31-2021 | $3.5M | $1.4M | $2.1M | $1.9M |
| May 2022 | $27.2M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2022 | $27.1M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2022 | $27.1M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2022 | $27.0M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2022 | $27.0M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2022 | $27.0M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2022 | $26.9M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2022 | $26.9M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2023 | $26.9M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2023 | $26.8M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2023 | $26.8M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2023 | $26.8M | Current | 4.98% | 0.79 | 0.89 | 100% | $0 | 12-31-2022 | $4.2M | $2.6M | $1.6M | $1.4M |
| May 2023 | $26.7M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2023 | $26.7M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2023 | $26.6M | Current | 4.98% | 2.15 | 2.24 | 100% | $0 | 03-31-2023 | $1.4M | $391,770 | $1.0M | $965,464 |
| August 2023 | $26.6M | Current | 4.98% | 2.15 | 2.24 | 95% | $0 | 03-31-2023 | $1.4M | $391,770 | $1.0M | $965,464 |
| September 2023 | $26.6M | Current | 4.98% | 1.66 | 1.76 | 95% | $0 | 06-30-2023 | $4.9M | $1.7M | $3.2M | $3.0M |
| October 2023 | $26.5M | Current | 4.98% | 1.66 | 1.76 | 95% | $0 | 06-30-2023 | $4.9M | $1.7M | $3.2M | $3.0M |
| November 2023 | $26.5M | Current | 4.98% | 1.66 | 1.76 | 95% | $0 | 06-30-2023 | $4.9M | $1.7M | $3.2M | $3.0M |
| December 2023 | $26.5M | Current | 4.98% | 1.66 | 1.76 | 95% | $0 | 06-30-2023 | $4.9M | $1.7M | $3.2M | $3.0M |
| January 2024 | $26.4M | Current | 4.98% | 1.66 | 1.76 | 95% | $0 | 06-30-2023 | $4.9M | $1.7M | $3.2M | $3.0M |
| February 2024 | $26.4M | Current | 4.98% | 1.66 | 1.76 | 95% | $0 | 06-30-2023 | $4.9M | $1.7M | $3.2M | $3.0M |
| March 2024 | $26.3M | Current | 4.98% | 1.66 | 1.76 | 95% | $0 | 06-30-2023 | $4.9M | $1.7M | $3.2M | $3.0M |
| April 2024 | $26.3M | Current | 4.98% | 1.66 | 1.76 | 95% | $0 | 06-30-2023 | $4.9M | $1.7M | $3.2M | $3.0M |
| May 2024 | $26.3M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2024 | $26.2M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2024 | $26.2M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2024 | $26.1M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2024 | $26.1M | Current | 4.98% | 1.61 | 1.71 | 83% | $0 | 06-30-2024 | $5.0M | $1.9M | $3.1M | $2.9M |
| October 2024 | $26.1M | Current | 4.98% | 1.61 | 1.71 | 83% | $0 | 06-30-2024 | $5.0M | $1.9M | $3.1M | $2.9M |
| November 2024 | $26.1M | Matured balloon, performing | 4.98% | 1.61 | 1.71 | 81% | $149,856 | 06-30-2024 | $5.0M | $1.9M | $3.1M | $2.9M |
| December 2024 | $26.0M | Matured balloon, performing | 4.98% | 1.61 | 1.71 | 81% | $149,860 | 06-30-2024 | $5.0M | $1.9M | $3.1M | $2.9M |
| January 2025 | $25.9M | Current | 4.98% | 1.42 | 1.52 | 81% | $0 | 09-30-2024 | $4.7M | $2.0M | $2.7M | $2.6M |
| February 2025 | $25.9M | Current | 4.98% | 1.42 | 1.52 | 81% | $0 | 09-30-2024 | $4.7M | $2.0M | $2.7M | $2.6M |
| March 2025 | $25.9M | Current | 4.98% | 1.42 | 1.52 | 100% | $0 | 09-30-2024 | $4.7M | $2.0M | $2.7M | $2.6M |
| April 2025 | $25.8M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2025 | $25.8M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2025 | $25.7M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2025 | $25.7M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2025 | $25.6M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2025 | $25.6M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2025 | $25.6M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2025 | $25.5M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2025 | $25.5M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2026 | $25.4M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2026 | $25.4M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2026 | $25.3M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2026 | $25.3M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2026 | $25.3M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2026 | $25.2M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2026 | $25.2M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2026 | $25.1M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2026 | $25.1M | Current | 4.98% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
Revenue, expenses, net operating income (NOI) and net cash flow (NCF) are the most recent financials reported as of each month, for the financial period ending on the date shown. DSCR is debt service coverage on the net cash flow and net operating income bases as reported.
Status timeline
| Date | Event |
|---|---|
| June 2020 | First reported 30 or more days delinquent |
| 2020-06-08 | Transferred to the special servicer |
| 2021-06-23 | Loan modified (rate after modification 0.00%; maturity after modification 2028-04-06) |
| 2021-09-29 | Returned to the master servicer |
| 2025-04-07 | Defeasance recorded (first filing showing defeased status) |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.