← Benchmark 2018-B3 Commercial Mortgage Trust · Loan annex · CMBS market
- Deal
- Benchmark 2018-B3 Commercial Mortgage Trust
- Current balance
- not yet reported
- Share of deal
- not yet reported
- Status
- not yet reported
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2027-12-06
Property and terms
| Property | The Stimson Building |
| Address | not yet reported |
| Property type | not yet reported |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | 1916 |
| Year last renovated | not yet reported |
| Original balance | $4.5M |
| Current balance | not yet reported |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.64% |
| Current interest rate | 0.00% |
| Origination date | 11-28-2017 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2027-12-06 |
| Prepayment lockout end | 05-05-2020 |
| Yield maintenance end | 10-05-2027 |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Citi Real Estate Funding Inc. |
| Current status | not yet reported |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $7.8M | 11-07-2017 | MAI |
| Most recent reported | $3.2M | 2023-05-09 | MAI |
Change from securitization to the most recent reported valuation: -59.1%.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| April 2018 | $4.5M | Current | 4.64% | 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 | $4.5M | Current | 4.64% | 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 | $4.5M | Current | 4.64% | 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 | $4.5M | Current | 4.64% | 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 | $4.5M | Current | 4.64% | 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 | $4.4M | Current | 4.64% | 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 | $4.4M | Current | 4.64% | 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 | $4.4M | Current | 4.64% | 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 | $4.4M | Current | 4.64% | 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 | $4.4M | Current | 4.64% | 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 | $4.4M | Current | 4.64% | 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 | $4.4M | Current | 4.64% | 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 | $4.4M | Current | 4.64% | 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 | $4.4M | Current | 4.64% | 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 | $4.4M | Current | 4.64% | 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 | $4.4M | Current | 4.64% | 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 | $4.4M | Current | 4.64% | 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 | $4.4M | Current | 4.64% | 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 | $4.4M | Current | 4.64% | 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 |
| November 2019 | $4.4M | Current | 4.64% | 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 |
| December 2019 | $4.4M | Current | 4.64% | 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 |
| January 2020 | $4.4M | Current | 4.64% | 1.77 | 1.90 | 100% | not yet reported | 09-30-2019 | $871,140 | $343,721 | $527,419 | $491,757 |
| February 2020 | $4.3M | Current | 4.64% | 1.77 | 1.90 | 100% | not yet reported | 09-30-2019 | $871,140 | $343,721 | $527,419 | $491,757 |
| March 2020 | $4.3M | Current | 4.64% | 1.77 | 1.90 | 100% | not yet reported | 09-30-2019 | $871,140 | $343,721 | $527,419 | $491,757 |
| April 2020 | $4.3M | Current | 4.64% | 1.77 | 1.90 | 100% | not yet reported | 09-30-2019 | $871,140 | $343,721 | $527,419 | $491,757 |
| May 2020 | $4.3M | Matured balloon, performing | 4.64% | not yet reported | not yet reported | not yet reported | $23,159 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2020 | $4.3M | 30-59 days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $46,317 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2020 | $4.3M | 60-89 days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $69,475 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2020 | $4.3M | 90+ days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $92,633 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2020 | $4.3M | 90+ days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $115,792 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2020 | $4.3M | 90+ days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $134,792 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2020 | $4.3M | 90+ days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $157,812 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2020 | $4.3M | 90+ days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $176,813 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2021 | $4.3M | 90+ days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $195,674 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2021 | $4.3M | 90+ days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $214,536 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2021 | $4.3M | 90+ days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $233,815 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2021 | $4.3M | 90+ days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $252,677 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2021 | $4.3M | 90+ days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $271,677 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2021 | $4.3M | 90+ days delinquent | 4.64% | -0.13 | 0.00 | 100% | $290,539 | 03-31-2021 | $69,934 | $69,767 | $167 | $-8,748 |
| July 2021 | $4.3M | 90+ days delinquent | 4.64% | -0.13 | 0.00 | 100% | $313,698 | 03-31-2021 | $69,934 | $69,767 | $167 | $-8,748 |
| August 2021 | $4.3M | 90+ days delinquent | 4.64% | -0.53 | -0.40 | 100% | $336,857 | 06-30-2021 | $224,282 | $335,082 | $-110,800 | $-146,462 |
| September 2021 | $4.3M | 90+ days delinquent | 4.64% | -0.53 | -0.40 | 100% | $360,015 | 06-30-2021 | $224,282 | $335,082 | $-110,800 | $-146,462 |
| October 2021 | $4.3M | 90+ days delinquent | 4.64% | -0.53 | -0.40 | 100% | $383,174 | 06-30-2021 | $224,282 | $335,082 | $-110,800 | $-146,462 |
| November 2021 | $4.3M | 90+ days delinquent | 4.64% | -0.53 | -0.40 | 100% | $406,333 | 06-30-2021 | $224,282 | $335,082 | $-110,800 | $-146,462 |
| December 2021 | $4.3M | 90+ days delinquent | 4.64% | -0.53 | -0.40 | 100% | $429,492 | 06-30-2021 | $224,282 | $335,082 | $-110,800 | $-146,462 |
| January 2022 | $4.3M | 90+ days delinquent | 4.64% | -0.53 | -0.40 | 100% | $452,650 | 06-30-2021 | $224,282 | $335,082 | $-110,800 | $-146,462 |
| February 2022 | $4.3M | 90+ days delinquent | 4.64% | -0.69 | -0.56 | 100% | $475,809 | 12-31-2021 | $182,485 | $339,384 | $-156,899 | $-192,783 |
| March 2022 | $4.3M | 90+ days delinquent | 4.64% | -0.69 | -0.56 | 100% | $498,969 | 12-31-2021 | $182,485 | $339,384 | $-156,899 | $-192,783 |
| April 2022 | $4.3M | 90+ days delinquent | 4.64% | -0.69 | -0.56 | 100% | $522,128 | 12-31-2021 | $182,485 | $339,384 | $-156,899 | $-192,783 |
| May 2022 | $4.3M | 90+ days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $545,287 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2022 | $4.3M | 90+ days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $568,446 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2022 | $4.3M | 90+ days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $591,605 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2022 | $4.3M | 90+ days delinquent | 4.64% | -0.95 | -0.82 | 100% | $614,764 | 06-30-2022 | $173,891 | $403,010 | $-229,119 | $-264,781 |
| September 2022 | $4.3M | 90+ days delinquent | 4.64% | -1.19 | -1.07 | 100% | $637,923 | 07-31-2022 | $173,891 | $470,148 | $-296,257 | $-331,919 |
| October 2022 | $4.3M | 90+ days delinquent | 4.64% | -1.19 | -1.06 | 100% | $661,082 | 08-31-2022 | $195,627 | $491,366 | $-295,739 | $-331,401 |
| November 2022 | $4.3M | 90+ days delinquent | 4.64% | -1.19 | -1.06 | 100% | $684,241 | 08-31-2022 | $195,627 | $491,366 | $-295,739 | $-331,401 |
| December 2022 | $4.3M | 90+ days delinquent | 4.64% | -1.09 | -0.99 | 100% | $707,400 | 10-31-2022 | $173,891 | $502,799 | $-328,908 | $-364,570 |
| January 2023 | $4.3M | 90+ days delinquent | 4.64% | -1.37 | -1.24 | 30% | $730,559 | 11-30-2022 | $173,891 | $519,161 | $-345,270 | $-380,932 |
| February 2023 | $4.3M | 90+ days delinquent | 4.64% | -1.70 | -1.58 | not yet reported | $753,718 | 12-31-2022 | $174,326 | $612,453 | $-438,128 | $-473,790 |
| March 2023 | $4.3M | 90+ days delinquent | 4.64% | -1.70 | -1.58 | not yet reported | $776,879 | 12-31-2022 | $174,326 | $612,453 | $-438,128 | $-473,790 |
| April 2023 | $4.3M | 90+ days delinquent | 4.64% | -1.70 | -1.58 | not yet reported | $800,038 | 12-31-2022 | $174,326 | $612,453 | $-438,128 | $-473,790 |
| May 2023 | $4.3M | 90+ days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $823,198 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2023 | $4.3M | 90+ days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $846,357 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2023 | $4.3M | 90+ days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $869,516 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2023 | $4.3M | 90+ days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $892,676 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2023 | $4.3M | 90+ days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $915,835 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2023 | $4.3M | 90+ days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $938,994 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2023 | $4.3M | 90+ days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $947,179 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2023 | $4.3M | 90+ days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $947,179 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2024 | $4.3M | 90+ days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $947,179 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2024 | $4.3M | 90+ days delinquent | 4.64% | -1.34 | -1.21 | not yet reported | $947,179 | 09-30-2023 | $178,528 | $515,568 | $-337,040 | $-372,702 |
| March 2024 | $4.3M | 90+ days delinquent | 4.64% | -1.34 | -1.21 | not yet reported | $947,179 | 09-30-2023 | $178,528 | $515,568 | $-337,040 | $-372,702 |
| April 2024 | $4.3M | 90+ days delinquent | 4.64% | -1.34 | -1.21 | not yet reported | $947,179 | 09-30-2023 | $178,528 | $515,568 | $-337,040 | $-372,702 |
| May 2024 | $4.3M | 90+ days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $947,179 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2024 | $4.3M | 90+ days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $448,210 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2024 | $4.3M | 90+ days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $448,210 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2024 | $4.3M | 90+ days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $448,210 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2024 | $4.3M | 90+ days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $448,210 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2024 | $4.3M | 90+ days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $448,210 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2024 | $4.3M | 90+ days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $448,210 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2024 | $4.3M | 90+ days delinquent | 4.64% | not yet reported | not yet reported | not yet reported | $448,210 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2025 | $4.3M | 90+ days delinquent | 4.64% | 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 2025 | $4.3M | 90+ days delinquent | 4.64% | 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 2025 | $4.3M | 90+ days delinquent | 4.64% | 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 2025 | $4.3M | 90+ days delinquent | 4.64% | 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 | $4.3M | 90+ days delinquent | 4.64% | 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 | $0 | Current | 4.64% | 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 | not yet reported | not yet reported | 0.00% | 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 2025 | not yet reported | not yet reported | 0.00% | 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 2025 | not yet reported | not yet reported | 0.00% | 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 2025 | not yet reported | not yet reported | 0.00% | 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 |
| November 2025 | not yet reported | not yet reported | 0.00% | 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 |
| December 2025 | not yet reported | not yet reported | 0.00% | 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 |
| January 2026 | not yet reported | not yet reported | 0.00% | 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 |
| February 2026 | not yet reported | not yet reported | 0.00% | 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 |
| March 2026 | not yet reported | not yet reported | 0.00% | 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 |
| April 2026 | not yet reported | not yet reported | 0.00% | 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 2026 | not yet reported | not yet reported | 0.00% | 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 2026 | not yet reported | not yet reported | 0.00% | 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 2026 | not yet reported | not yet reported | 0.00% | 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 2026 | not yet reported | not yet reported | 0.00% | 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 2026 | not yet reported | not yet reported | 0.00% | 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 |
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 |
| 2020-06-11 | Transferred to the special servicer |
| 2025-06-26 | Liquidated; realized loss $4.0M |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.