← Benchmark 2018-B4 Mortgage Trust · Loan annex · CMBS market
- Deal
- Benchmark 2018-B4 Mortgage Trust
- Current balance
- $28.9M (September 2026)
- Share of deal
- 2.9%
- Status
- Real estate owned (REO)
- DSCR (latest)
- -0.29
- Occupancy (latest)
- 55%
- Scheduled maturity
- 2024-05-01
Property and terms
| Property | JAGR Hotel Portfolio |
| Address | not yet reported |
| Property type | Lodging |
| Units, beds or keys | 721 |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $29.0M |
| Current balance | $28.9M (September 2026) |
| Share of deal balance | 2.9% |
| Interest rate at origination | 5.10% |
| Current interest rate | 5.10% |
| Origination date | 05-01-2018 |
| Original term | 60 months |
| Amortization term | 360 months |
| Interest-only period | 36 months |
| Scheduled maturity | 2024-05-01 |
| Prepayment lockout end | 11-30-2018 |
| Yield maintenance end | 11-30-2022 |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | JPMorgan Chase Bank, National Association |
| Current status | Real estate owned (REO) |
| Specially serviced now | Yes |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $73.5M | not yet reported | MAI |
| Most recent reported | $41.9M | 2025-11-19 | MAI |
Change from securitization to the most recent reported valuation: -43.0%.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| July 2018 | $29.0M | Current | 5.10% | 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 | $29.0M | Current | 5.10% | 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 | $29.0M | Current | 5.10% | 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 | $29.0M | Current | 5.10% | 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 | $29.0M | Current | 5.10% | 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 | $29.0M | Current | 5.10% | 1.54 | 2.10 | 66% | $0 | 09-30-2018 | $26.5M | $22.5M | $4.0M | $2.9M |
| January 2019 | $29.0M | Current | 5.10% | 1.54 | 2.10 | 66% | $0 | 09-30-2018 | $26.5M | $22.5M | $4.0M | $2.9M |
| February 2019 | $29.0M | Current | 5.10% | 1.54 | 2.10 | 66% | $0 | 09-30-2018 | $26.5M | $22.5M | $4.0M | $2.9M |
| March 2019 | $29.0M | Current | 5.10% | 1.92 | 2.47 | 63% | $0 | 12-31-2018 | $34.6M | $28.4M | $6.3M | $4.9M |
| April 2019 | $29.0M | Current | 5.10% | 1.92 | 2.47 | 63% | $0 | 12-31-2018 | $34.6M | $28.4M | $6.3M | $4.9M |
| May 2019 | $29.0M | Current | 5.10% | 1.92 | 2.47 | 63% | $0 | 12-31-2018 | $34.6M | $28.4M | $6.3M | $4.9M |
| June 2019 | $29.0M | Current | 5.10% | 1.92 | 2.47 | 63% | $0 | 12-31-2018 | $34.6M | $28.4M | $6.3M | $4.9M |
| July 2019 | $29.0M | Current | 5.10% | 1.92 | 2.47 | 63% | $0 | 12-31-2018 | $34.6M | $28.4M | $6.3M | $4.9M |
| August 2019 | $29.0M | Current | 5.10% | 1.92 | 2.47 | 63% | $0 | 12-31-2018 | $34.6M | $28.4M | $6.3M | $4.9M |
| September 2019 | $29.0M | Current | 5.10% | 1.81 | 2.35 | 64% | $0 | 06-30-2019 | $34.3M | $28.3M | $6.0M | $4.6M |
| October 2019 | $29.0M | Current | 5.10% | 1.81 | 2.35 | 64% | $0 | 06-30-2019 | $34.3M | $28.3M | $6.0M | $4.6M |
| November 2019 | $29.0M | Current | 5.10% | 1.81 | 2.35 | 64% | $0 | 06-30-2019 | $34.3M | $28.3M | $6.0M | $4.6M |
| December 2019 | $29.0M | Current | 5.10% | 1.78 | 2.31 | 65% | $0 | 09-30-2019 | $34.0M | $28.1M | $5.9M | $4.5M |
| January 2020 | $29.0M | Current | 5.10% | 1.78 | 2.31 | 65% | $0 | 09-30-2019 | $34.0M | $28.1M | $5.9M | $4.5M |
| February 2020 | $29.0M | Current | 5.10% | 1.78 | 2.31 | 65% | $0 | 09-30-2019 | $34.0M | $28.1M | $5.9M | $4.5M |
| March 2020 | $29.0M | Current | 5.10% | 2.12 | 2.66 | 65% | $0 | 12-31-2019 | $34.2M | $27.5M | $6.7M | $5.4M |
| April 2020 | $29.0M | Current | 5.10% | 2.12 | 2.66 | 65% | $0 | 12-31-2019 | $34.2M | $27.5M | $6.7M | $5.4M |
| May 2020 | $29.0M | Current | 5.10% | 2.12 | 2.66 | 65% | $0 | 12-31-2019 | $34.2M | $27.5M | $6.7M | $5.4M |
| June 2020 | $29.0M | Current | 5.10% | 2.12 | 2.66 | 65% | $0 | 12-31-2019 | $34.2M | $27.5M | $6.7M | $5.4M |
| July 2020 | $29.0M | Current | 5.10% | 1.83 | 2.35 | 64% | $0 | 03-31-2020 | $33.0M | $27.0M | $6.0M | $4.6M |
| August 2020 | $29.0M | Current | 5.10% | 1.83 | 2.35 | 64% | $0 | 03-31-2020 | $33.0M | $27.0M | $6.0M | $4.6M |
| September 2020 | $29.0M | Current | 5.10% | 0.47 | 0.86 | 50% | $0 | 06-30-2020 | $24.7M | $22.5M | $2.2M | $1.2M |
| October 2020 | $29.0M | Current | 5.10% | 0.47 | 0.86 | 50% | $0 | 06-30-2020 | $24.7M | $22.5M | $2.2M | $1.2M |
| November 2020 | $29.0M | Matured balloon, non-performing | 5.10% | 0.47 | 0.86 | 50% | $127,134 | 06-30-2020 | $24.7M | $22.5M | $2.2M | $1.2M |
| December 2020 | $29.0M | 30-59 days delinquent | 5.10% | 0.47 | 0.86 | 50% | $250,166 | 06-30-2020 | $24.7M | $22.5M | $2.2M | $1.2M |
| January 2021 | $29.0M | 60-89 days delinquent | 5.10% | 0.47 | 0.86 | 50% | $377,300 | 06-30-2020 | $24.7M | $22.5M | $2.2M | $1.2M |
| February 2021 | $29.0M | 90+ days delinquent | 5.10% | -0.76 | -0.55 | 0% | $504,433 | 12-31-2020 | $13.5M | $14.8M | $-1.4M | $-1.9M |
| March 2021 | $29.0M | 90+ days delinquent | 5.10% | -0.76 | -0.55 | 0% | $619,264 | 12-31-2020 | $13.5M | $14.8M | $-1.4M | $-1.9M |
| April 2021 | $29.0M | 90+ days delinquent | 5.10% | -0.76 | -0.55 | 0% | $746,397 | 12-31-2020 | $13.5M | $14.8M | $-1.4M | $-1.9M |
| May 2021 | $29.0M | 90+ days delinquent | 5.10% | -0.76 | -0.55 | 0% | $869,430 | 12-31-2020 | $13.5M | $14.8M | $-1.4M | $-1.9M |
| June 2021 | $29.0M | 90+ days delinquent | 5.10% | -0.76 | -0.55 | 0% | $1.0M | 12-31-2020 | $13.5M | $14.8M | $-1.4M | $-1.9M |
| July 2021 | $29.0M | 90+ days delinquent | 5.10% | -0.76 | -0.55 | 0% | $1.2M | 12-31-2020 | $13.5M | $14.8M | $-1.4M | $-1.9M |
| August 2021 | $29.0M | 90+ days delinquent | 5.10% | -0.76 | -0.55 | 0% | $1.3M | 12-31-2020 | $13.5M | $14.8M | $-1.4M | $-1.9M |
| September 2021 | $29.0M | 90+ days delinquent | 5.10% | -0.43 | -0.21 | 40% | $1.5M | 06-30-2021 | $13.8M | $14.4M | $-523,726 | $-1.1M |
| October 2021 | $29.0M | 90+ days delinquent | 5.10% | -0.43 | -0.21 | 40% | $1.7M | 06-30-2021 | $13.8M | $14.4M | $-523,726 | $-1.1M |
| November 2021 | $29.0M | 90+ days delinquent | 5.10% | -0.43 | -0.21 | 40% | $1.8M | 06-30-2021 | $13.8M | $14.4M | $-523,726 | $-1.1M |
| December 2021 | $29.0M | 90+ days delinquent | 5.10% | -0.43 | -0.21 | 40% | $1.9M | 06-30-2021 | $13.8M | $14.4M | $-523,726 | $-1.1M |
| January 2022 | $29.0M | 30-59 days delinquent | 5.10% | -0.43 | -0.21 | 40% | $1.9M | 06-30-2021 | $13.8M | $14.4M | $-523,726 | $-1.1M |
| February 2022 | $29.0M | Current | 5.10% | 0.31 | 0.31 | 49% | $0 | 09-30-2021 | $14.7M | $13.4M | $1.3M | $1.3M |
| March 2022 | $29.0M | Current | 5.10% | 0.31 | 0.31 | 49% | $0 | 09-30-2021 | $14.7M | $13.4M | $1.3M | $1.3M |
| April 2022 | $29.0M | Current | 5.10% | 0.31 | 0.31 | 49% | $0 | 09-30-2021 | $14.7M | $13.4M | $1.3M | $1.3M |
| May 2022 | $29.0M | Current | 5.10% | -0.23 | 0.03 | 43% | $0 | 12-31-2021 | $17.0M | $16.9M | $87,460 | $-590,733 |
| June 2022 | $29.0M | Current | 5.10% | -0.23 | 0.03 | 43% | $0 | 12-31-2021 | $17.0M | $16.9M | $87,460 | $-590,733 |
| July 2022 | $29.0M | Current | 5.10% | -0.10 | 0.20 | 52% | $0 | 03-31-2022 | $19.2M | $18.7M | $518,048 | $-248,870 |
| August 2022 | $29.0M | Current | 5.10% | 0.01 | 0.34 | 55% | $0 | 06-30-2022 | $21.3M | $20.4M | $869,377 | $17,795 |
| September 2022 | $29.0M | Current | 5.10% | 0.01 | 0.34 | 55% | $0 | 06-30-2022 | $21.3M | $20.4M | $869,377 | $17,795 |
| October 2022 | $29.0M | Current | 5.10% | 0.01 | 0.34 | 55% | $0 | 06-30-2022 | $21.3M | $20.4M | $869,377 | $17,795 |
| November 2022 | $29.0M | Current | 5.10% | 0.01 | 0.34 | 55% | $0 | 06-30-2022 | $21.3M | $20.4M | $869,377 | $17,795 |
| December 2022 | $28.9M | Current | 5.10% | -0.19 | 0.15 | 55% | $0 | 09-30-2022 | $21.6M | $21.2M | $390,626 | $-473,911 |
| January 2023 | $28.9M | Current | 5.10% | -0.19 | 0.15 | 55% | $0 | 09-30-2022 | $21.6M | $21.2M | $390,626 | $-473,911 |
| February 2023 | $28.9M | Current | 5.10% | 0.42 | 0.81 | 54% | $0 | 12-31-2022 | $25.8M | $23.7M | $2.1M | $1.1M |
| March 2023 | $28.9M | 30-59 days delinquent | 5.10% | 0.42 | 0.81 | 54% | $155,700 | 12-31-2022 | $25.8M | $23.7M | $2.1M | $1.1M |
| April 2023 | $28.9M | 60-89 days delinquent | 5.10% | 0.42 | 0.81 | 54% | $311,386 | 12-31-2022 | $25.8M | $23.7M | $2.1M | $1.1M |
| May 2023 | $28.9M | 90+ days delinquent | 5.10% | 0.42 | 0.81 | 54% | $629,056 | 12-31-2022 | $25.8M | $23.7M | $2.1M | $1.1M |
| June 2023 | $28.9M | 90+ days delinquent | 5.10% | 0.42 | 0.81 | 54% | $784,740 | 12-31-2022 | $25.8M | $23.7M | $2.1M | $1.1M |
| July 2023 | $28.9M | 90+ days delinquent | 5.10% | 0.42 | 0.81 | 54% | $942,004 | 12-31-2022 | $25.8M | $23.7M | $2.1M | $1.1M |
| August 2023 | $28.9M | 90+ days delinquent | 5.10% | 0.26 | 0.59 | 55% | $1.1M | 06-30-2023 | $26.3M | $24.4M | $1.9M | $819,345 |
| September 2023 | $28.9M | 90+ days delinquent | 5.10% | 0.26 | 0.59 | 55% | $1.3M | 06-30-2023 | $26.3M | $24.4M | $1.9M | $819,345 |
| October 2023 | $28.9M | 90+ days delinquent | 5.10% | 0.26 | 0.59 | 55% | $1.4M | 06-30-2023 | $26.3M | $24.4M | $1.9M | $819,345 |
| November 2023 | $28.9M | 90+ days delinquent | 5.10% | 0.26 | 0.59 | 55% | $1.6M | 06-30-2023 | $26.3M | $24.4M | $1.9M | $819,345 |
| December 2023 | $28.9M | 90+ days delinquent | 5.10% | 0.26 | 0.59 | 55% | $1.7M | 06-30-2023 | $26.3M | $24.4M | $1.9M | $819,345 |
| January 2024 | $36.0M | Current | 4.00% | 2.15 | 2.21 | 94% | $0 | 09-30-2023 | $4.3M | $1.8M | $2.4M | $2.4M |
| February 2024 | $28.9M | 90+ days delinquent | 5.10% | 0.26 | 0.59 | 55% | $2.0M | 06-30-2023 | $26.3M | $24.4M | $1.9M | $819,345 |
| March 2024 | $28.9M | 90+ days delinquent | 5.10% | 0.26 | 0.59 | 55% | $2.2M | 06-30-2023 | $26.3M | $24.4M | $1.9M | $819,345 |
| April 2024 | $28.9M | 90+ days delinquent | 5.10% | 0.26 | 0.59 | 55% | $2.3M | 06-30-2023 | $26.3M | $24.4M | $1.9M | $819,345 |
| May 2024 | $28.9M | Real estate owned (REO) | 5.10% | 0.26 | 0.59 | 55% | $2.5M | 06-30-2023 | $26.3M | $24.4M | $1.9M | $819,345 |
| June 2024 | $28.9M | Real estate owned (REO) | 5.10% | 0.26 | 0.59 | 55% | $2.6M | 06-30-2023 | $26.3M | $24.4M | $1.9M | $819,345 |
| July 2024 | $28.9M | Real estate owned (REO) | 5.10% | 0.26 | 0.59 | 55% | $2.8M | 06-30-2023 | $26.3M | $24.4M | $1.9M | $819,345 |
| August 2024 | $28.9M | Real estate owned (REO) | 5.10% | 0.26 | 0.59 | 55% | $2.9M | 06-30-2023 | $26.3M | $24.4M | $1.9M | $819,345 |
| September 2024 | $28.9M | Real estate owned (REO) | 5.10% | -0.29 | 0.05 | 55% | $3.0M | 06-30-2024 | $25.6M | $25.4M | $146,621 | $-877,125 |
| October 2024 | $28.9M | Real estate owned (REO) | 5.10% | -0.29 | 0.05 | 55% | $3.2M | 06-30-2024 | $25.6M | $25.4M | $146,621 | $-877,125 |
| November 2024 | $28.9M | Real estate owned (REO) | 5.10% | -0.29 | 0.05 | 55% | $3.3M | 06-30-2024 | $25.6M | $25.4M | $146,621 | $-877,125 |
| December 2024 | $28.9M | Real estate owned (REO) | 5.10% | -0.29 | 0.05 | 55% | $3.4M | 06-30-2024 | $25.6M | $25.4M | $146,621 | $-877,125 |
| January 2025 | $28.9M | Real estate owned (REO) | 5.10% | -0.29 | 0.05 | 55% | $3.6M | 06-30-2024 | $25.6M | $25.4M | $146,621 | $-877,125 |
| February 2025 | $28.9M | Real estate owned (REO) | 5.10% | -0.29 | 0.05 | 55% | $3.7M | 06-30-2024 | $25.6M | $25.4M | $146,621 | $-877,125 |
| March 2025 | $28.9M | Real estate owned (REO) | 5.10% | -0.29 | 0.05 | 55% | $3.9M | 06-30-2024 | $25.6M | $25.4M | $146,621 | $-877,125 |
| April 2025 | $28.9M | Real estate owned (REO) | 5.10% | -0.29 | 0.05 | 55% | $4.0M | 06-30-2024 | $25.6M | $25.4M | $146,621 | $-877,125 |
| May 2025 | $28.9M | Real estate owned (REO) | 5.10% | -0.29 | 0.05 | 55% | $4.1M | 06-30-2024 | $25.6M | $25.4M | $146,621 | $-877,125 |
| June 2025 | $28.9M | Real estate owned (REO) | 5.10% | -0.29 | 0.05 | 55% | $4.3M | 06-30-2024 | $25.6M | $25.4M | $146,621 | $-877,125 |
| July 2025 | $28.9M | Real estate owned (REO) | 5.10% | -0.29 | 0.05 | 55% | $4.3M | 06-30-2024 | $25.6M | $25.4M | $146,621 | $-877,125 |
| August 2025 | $28.9M | Real estate owned (REO) | 5.10% | -0.29 | 0.05 | 55% | $4.5M | 06-30-2024 | $25.6M | $25.4M | $146,621 | $-877,125 |
| September 2025 | $28.9M | Real estate owned (REO) | 5.10% | -0.29 | 0.05 | 55% | $4.6M | 06-30-2024 | $25.6M | $25.4M | $146,621 | $-877,125 |
| October 2025 | $28.9M | Real estate owned (REO) | 5.10% | -0.29 | 0.05 | 55% | $4.7M | 06-30-2024 | $25.6M | $25.4M | $146,621 | $-877,125 |
| November 2025 | $28.9M | Real estate owned (REO) | 5.10% | -0.29 | 0.05 | 55% | $4.8M | 06-30-2024 | $25.6M | $25.4M | $146,621 | $-877,125 |
| December 2025 | $28.9M | Real estate owned (REO) | 5.10% | -0.29 | 0.05 | 55% | $5.0M | 06-30-2024 | $25.6M | $25.4M | $146,621 | $-877,125 |
| January 2026 | $28.9M | Real estate owned (REO) | 5.10% | -0.29 | 0.05 | 55% | $5.1M | 06-30-2024 | $25.6M | $25.4M | $146,621 | $-877,125 |
| February 2026 | $28.9M | Real estate owned (REO) | 5.10% | -0.29 | 0.05 | 55% | $5.2M | 06-30-2024 | $25.6M | $25.4M | $146,621 | $-877,125 |
| March 2026 | $28.9M | Real estate owned (REO) | 5.10% | -0.29 | 0.05 | 55% | $5.4M | 06-30-2024 | $25.6M | $25.4M | $146,621 | $-877,125 |
| April 2026 | $28.9M | Real estate owned (REO) | 5.10% | -0.29 | 0.05 | 55% | $5.5M | 06-30-2024 | $25.6M | $25.4M | $146,621 | $-877,125 |
| May 2026 | $28.9M | Real estate owned (REO) | 5.10% | -0.29 | 0.05 | 55% | $5.6M | 06-30-2024 | $25.6M | $25.4M | $146,621 | $-877,125 |
| June 2026 | $28.9M | Real estate owned (REO) | 5.10% | -0.29 | 0.05 | 55% | $5.7M | 06-30-2024 | $25.6M | $25.4M | $146,621 | $-877,125 |
| July 2026 | $28.9M | Real estate owned (REO) | 5.10% | -0.29 | 0.05 | 55% | $5.8M | 06-30-2024 | $25.6M | $25.4M | $146,621 | $-877,125 |
| August 2026 | $28.9M | Real estate owned (REO) | 5.10% | -0.29 | 0.05 | 55% | $5.9M | 06-30-2024 | $25.6M | $25.4M | $146,621 | $-877,125 |
| September 2026 | $28.9M | Real estate owned (REO) | 5.10% | -0.29 | 0.05 | 55% | $6.0M | 06-30-2024 | $25.6M | $25.4M | $146,621 | $-877,125 |
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 |
|---|---|
| 2020-08-05 | Transferred to the special servicer |
| 2020-11-01 | Loan modified (maturity after modification 2024-05-01) |
| December 2020 | First reported 30 or more days delinquent |
| 2022-02-21 | Returned to the master servicer |
| 2022-02-21 | Returned to the master servicer |
| 2023-03-15 | Transferred to the special servicer |
| 2024-05-01 | Scheduled maturity passed; the loan is still reported, with status Real estate owned (REO) in September 2026 |
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: CD 2018-CD7 Mortgage Trust (segment D02, CIK 1746406).
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.