← Benchmark 2018-B3 Commercial Mortgage Trust · Loan annex · CMBS market
- Deal
- Benchmark 2018-B3 Commercial Mortgage Trust
- Current balance
- $41.6M (September 2026)
- Share of deal
- 5.3%
- Status
- Matured balloon, non-performing
- DSCR (latest)
- 0.02
- Occupancy (latest)
- 66%
- Scheduled maturity
- 2028-01-06
Property and terms
| Property | InterContinental San Francisco |
| Address | 888 Howard Street; San Francisco, CA 94103 |
| Property type | Lodging |
| Units, beds or keys | 556 |
| Net rentable square feet | not yet reported |
| Year built | 2008 |
| Year last renovated | 2018 |
| Original balance | $50.0M |
| Current balance | $41.6M (September 2026) |
| Share of deal balance | 5.3% |
| Interest rate at origination | 4.15% |
| Current interest rate | 4.15% |
| Origination date | 12-22-2017 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2028-01-06 |
| Prepayment lockout end | 02-05-2020 |
| Yield maintenance end | 10-05-2027 |
| Servicer | KeyBank |
| Loan servicer | not yet reported |
| Originator | Deutsche Bank AG, New York Branch |
| Current status | Matured balloon, non-performing |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $261.9M | 07-17-2017 | MAI |
| Most recent reported | $261.9M | 2017-07-17 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| April 2018 | $49.8M | Current | 4.15% | 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 | $49.7M | Current | 4.15% | 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 | $49.7M | Current | 4.15% | 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 | $49.6M | Current | 4.15% | 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 | $49.5M | Current | 4.15% | 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 | $49.4M | Current | 4.15% | 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 | $49.4M | Current | 4.15% | 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 | $49.3M | Current | 4.15% | 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 | $49.2M | Current | 4.15% | 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 | $49.2M | Current | 4.15% | 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 | $49.1M | Current | 4.15% | 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 | $49.1M | Matured balloon, performing | 4.15% | not yet reported | not yet reported | not yet reported | $242,715 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2019 | $49.0M | Current | 4.15% | 2.97 | 3.70 | 80% | not yet reported | 09-30-2018 | $70.6M | $55.5M | $15.1M | $12.1M |
| May 2019 | $48.9M | Current | 4.15% | 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 | $48.8M | Current | 4.15% | 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 | $48.7M | Current | 4.15% | 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 | $48.7M | Current | 4.15% | 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 | $48.6M | Current | 4.15% | not yet reported | not yet reported | not yet reported | $194,157 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2019 | $48.5M | Current | 4.15% | 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 | $48.5M | Current | 4.15% | 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 | $48.4M | Current | 4.15% | 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 | $48.3M | Current | 4.15% | 1.65 | 2.11 | 87% | not yet reported | 06-30-2019 | $73.2M | $59.7M | $13.5M | $10.6M |
| February 2020 | $48.2M | Current | 4.15% | 1.65 | 2.11 | 87% | not yet reported | 06-30-2019 | $73.2M | $59.7M | $13.5M | $10.6M |
| March 2020 | $48.2M | Current | 4.15% | 2.10 | 2.56 | 85% | not yet reported | 09-30-2019 | $50.8M | $28.9M | $21.9M | $18.0M |
| April 2020 | $48.1M | Matured balloon, performing | 4.15% | 2.10 | 2.56 | 85% | $145,619 | 09-30-2019 | $50.8M | $28.9M | $21.9M | $18.0M |
| May 2020 | $48.0M | Current | 4.15% | 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 2020 | $47.9M | Current | 4.15% | 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 2020 | $47.9M | Current | 4.15% | 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 2020 | $47.8M | Current | 4.15% | 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 2020 | $47.7M | Current | 4.15% | 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 2020 | $47.6M | Current | 4.15% | 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 2020 | $47.6M | Current | 4.15% | 0.83 | 1.29 | 35% | $0 | 06-30-2020 | $59.5M | $51.2M | $8.3M | $5.3M |
| December 2020 | $47.5M | Current | 4.15% | 0.83 | 1.29 | 35% | $0 | 06-30-2020 | $59.5M | $51.2M | $8.3M | $5.3M |
| January 2021 | $47.4M | Current | 4.15% | 0.83 | 1.29 | 35% | $0 | 06-30-2020 | $59.5M | $51.2M | $8.3M | $5.3M |
| February 2021 | $47.3M | Current | 4.15% | 0.24 | 0.52 | 39% | $0 | 09-30-2020 | $45.0M | $41.7M | $3.3M | $1.5M |
| March 2021 | $47.2M | Current | 4.15% | 0.24 | 0.52 | 39% | $0 | 09-30-2020 | $45.0M | $41.7M | $3.3M | $1.5M |
| April 2021 | $47.2M | Current | 4.15% | -0.57 | -0.39 | 38% | $0 | 12-31-2020 | $28.9M | $31.4M | $-2.5M | $-3.6M |
| May 2021 | $47.1M | Current | 4.15% | 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 2021 | $47.0M | Current | 4.15% | 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 2021 | $47.0M | Matured balloon, performing | 4.15% | not yet reported | not yet reported | not yet reported | $242,710 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2021 | $46.9M | Current | 4.15% | 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 2021 | $46.8M | Current | 4.15% | 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 2021 | $46.7M | Current | 4.15% | 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 2021 | $46.6M | Current | 4.15% | 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 2021 | $46.5M | Current | 4.15% | 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 2022 | $46.5M | Current | 4.15% | 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 2022 | $46.4M | Current | 4.15% | 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 2022 | $46.3M | Current | 4.15% | 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 2022 | $46.2M | Current | 4.15% | 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 2022 | $46.1M | Current | 4.15% | 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 | $46.1M | Matured balloon, performing | 4.15% | not yet reported | not yet reported | not yet reported | $242,708 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2022 | $46.0M | Current | 4.15% | 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 | $45.9M | Current | 4.15% | 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 | $45.8M | Current | 4.15% | 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 | $45.8M | Matured balloon, performing | 4.15% | 0.28 | 0.61 | 87% | $145,629 | 06-30-2022 | $52.5M | $48.6M | $3.9M | $1.8M |
| November 2022 | $45.7M | Current | 4.15% | 0.28 | 0.61 | 87% | $0 | 06-30-2022 | $52.5M | $48.6M | $3.9M | $1.8M |
| December 2022 | $45.6M | Current | 4.15% | 0.28 | 0.61 | 87% | $0 | 06-30-2022 | $52.5M | $48.6M | $3.9M | $1.8M |
| January 2023 | $45.5M | Current | 4.15% | -0.17 | 0.15 | 84% | $0 | 09-30-2022 | $50.4M | $49.4M | $952,158 | $-1.1M |
| February 2023 | $45.4M | Current | 4.15% | -0.17 | 0.15 | 84% | $0 | 09-30-2022 | $50.4M | $49.4M | $952,158 | $-1.1M |
| March 2023 | $45.3M | Current | 4.15% | -0.17 | 0.15 | 84% | $0 | 09-30-2022 | $50.4M | $49.4M | $952,158 | $-1.1M |
| April 2023 | $45.2M | Current | 4.15% | 0.06 | 0.41 | not yet reported | $0 | 12-31-2022 | $56.2M | $53.6M | $2.6M | $370,021 |
| May 2023 | $45.1M | Current | 4.15% | 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 | $45.1M | Matured balloon, performing | 4.15% | not yet reported | not yet reported | not yet reported | $242,712 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2023 | $45.1M | Matured balloon, non-performing | 4.15% | 0.58 | 0.98 | 62% | $485,430 | 03-31-2023 | $64.4M | $58.1M | $6.3M | $3.7M |
| August 2023 | $44.9M | Current | 4.15% | 0.58 | 0.98 | 62% | $0 | 03-31-2023 | $64.4M | $58.1M | $6.3M | $3.7M |
| September 2023 | $44.8M | Current | 4.15% | 0.58 | 0.98 | 62% | $0 | 03-31-2023 | $64.4M | $58.1M | $6.3M | $3.7M |
| October 2023 | $44.7M | Current | 4.15% | 1.01 | 1.33 | 65% | $0 | 06-30-2023 | $46.8M | $39.0M | $7.8M | $6.0M |
| November 2023 | $44.6M | Current | 4.15% | 1.01 | 1.33 | 65% | $0 | 06-30-2023 | $46.8M | $39.0M | $7.8M | $6.0M |
| December 2023 | $44.5M | Current | 4.15% | 1.01 | 1.33 | 65% | $0 | 06-30-2023 | $46.8M | $39.0M | $7.8M | $6.0M |
| January 2024 | $44.5M | Current | 4.15% | 1.00 | 1.16 | 68% | $0 | 09-30-2023 | $45.8M | $40.2M | $5.6M | $4.8M |
| February 2024 | $44.4M | Current | 4.15% | 1.00 | 1.16 | 68% | $0 | 09-30-2023 | $45.8M | $40.2M | $5.6M | $4.8M |
| March 2024 | $44.3M | Current | 4.15% | 1.00 | 1.16 | 68% | $0 | 09-30-2023 | $45.8M | $40.2M | $5.6M | $4.8M |
| April 2024 | $44.2M | Current | 4.15% | 1.00 | 1.16 | 68% | $0 | 09-30-2023 | $45.8M | $40.2M | $5.6M | $4.8M |
| May 2024 | $44.1M | Current | 4.15% | 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 | $44.1M | Matured balloon, performing | 4.15% | not yet reported | not yet reported | not yet reported | $242,716 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2024 | $43.9M | Current | 4.15% | 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 | $43.8M | Current | 4.15% | -0.01 | 0.36 | 64% | $0 | 03-31-2024 | $59.8M | $57.5M | $2.3M | $-67,760 |
| September 2024 | $43.8M | Current | 4.15% | -0.01 | 0.36 | 64% | $0 | 03-31-2024 | $59.8M | $57.5M | $2.3M | $-67,760 |
| October 2024 | $43.8M | Matured balloon, non-performing | 4.15% | -0.24 | 0.15 | 64% | $242,724 | 06-30-2024 | $61.4M | $60.5M | $948,122 | $-1.5M |
| November 2024 | $43.6M | Current | 4.15% | -0.24 | 0.15 | 64% | $0 | 06-30-2024 | $61.4M | $60.5M | $948,122 | $-1.5M |
| December 2024 | $43.5M | Current | 4.15% | -0.24 | 0.15 | 64% | $0 | 06-30-2024 | $61.4M | $60.5M | $948,122 | $-1.5M |
| January 2025 | $43.4M | Current | 4.15% | -0.24 | 0.15 | 64% | $0 | 06-30-2024 | $61.4M | $60.5M | $948,122 | $-1.5M |
| February 2025 | $43.4M | Matured balloon, performing | 4.15% | -1.00 | -0.65 | 64% | $242,719 | 09-30-2024 | $56.1M | $60.3M | $-4.1M | $-6.4M |
| March 2025 | $43.2M | Current | 4.15% | -1.00 | -0.65 | 64% | $0 | 09-30-2024 | $56.1M | $60.3M | $-4.1M | $-6.4M |
| April 2025 | $43.1M | Current | 4.15% | -1.40 | -1.07 | not yet reported | $0 | 12-31-2024 | $53.1M | $60.0M | $-6.9M | $-9.0M |
| May 2025 | $43.0M | Current | 4.15% | 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 | $42.9M | Current | 4.15% | 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 | $42.9M | Matured balloon, non-performing | 4.15% | not yet reported | not yet reported | not yet reported | $242,727 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2025 | $42.8M | Matured balloon, performing | 4.15% | -1.44 | -1.09 | 63% | $242,722 | 03-31-2025 | $55.2M | $62.2M | $-7.0M | $-9.2M |
| September 2025 | $42.7M | Current | 4.15% | -1.44 | -1.09 | 63% | $0 | 03-31-2025 | $55.2M | $62.2M | $-7.0M | $-9.2M |
| October 2025 | $42.7M | Matured balloon, performing | 4.15% | -1.46 | -1.11 | 65% | $242,728 | 06-30-2025 | $57.2M | $64.3M | $-7.1M | $-9.4M |
| November 2025 | $42.5M | Current | 4.15% | -1.46 | -1.11 | 65% | $0 | 06-30-2025 | $57.2M | $64.3M | $-7.1M | $-9.4M |
| December 2025 | $42.4M | Current | 4.15% | -1.46 | -1.11 | 65% | $0 | 06-30-2025 | $57.2M | $64.3M | $-7.1M | $-9.4M |
| January 2026 | $42.3M | Current | 4.15% | -1.46 | -1.09 | 67% | $0 | 09-30-2025 | $58.9M | $65.9M | $-7.0M | $-9.4M |
| February 2026 | $42.2M | Current | 4.15% | -1.46 | -1.09 | 67% | $0 | 09-30-2025 | $58.9M | $65.9M | $-7.0M | $-9.4M |
| March 2026 | $42.2M | Matured balloon, performing | 4.15% | -1.46 | -1.09 | 67% | $242,742 | 09-30-2025 | $58.9M | $65.9M | $-7.0M | $-9.4M |
| April 2026 | $42.0M | Current | 4.15% | -0.74 | -0.35 | not yet reported | $0 | 12-31-2025 | $62.4M | $64.6M | $-2.2M | $-4.7M |
| May 2026 | $42.0M | Matured balloon, performing | 4.15% | not yet reported | not yet reported | not yet reported | $242,731 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2026 | $41.8M | Current | 4.15% | 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 | $41.8M | Matured balloon, performing | 4.15% | not yet reported | not yet reported | not yet reported | $242,732 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2026 | $41.7M | Matured balloon, performing | 4.15% | 0.02 | 0.44 | 66% | $242,727 | 03-31-2026 | $68.0M | $65.1M | $2.8M | $129,590 |
| September 2026 | $41.6M | Matured balloon, non-performing | 4.15% | 0.02 | 0.44 | 66% | $242,727 | 03-31-2026 | $68.0M | $65.1M | $2.8M | $129,590 |
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.
Also filed in other trusts
Loans are sometimes split across trusts (pari passu), and each trust files the loan at its whole-loan amount. A loan with the same property name and origination date is filed in: BENCHMARK 2018-B2 Mortgage Trust; BENCHMARK 2018-B2 Mortgage Trust; BENCHMARK 2018-B2 Mortgage Trust.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.