← Benchmark 2018-B8 Mortgage Trust · Loan annex · CMBS market
- Deal
- Benchmark 2018-B8 Mortgage Trust
- Current balance
- $27.3M (September 2026)
- Share of deal
- 2.9%
- Status
- Current
- DSCR (latest)
- 0.99
- Occupancy (latest)
- 57%
- Scheduled maturity
- 2023-09-06
Property and terms
| Property | 55 Prospect Street |
| Address | 55 Prospect Street; Brooklyn, NY 11201 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 255,504 |
| Year built | not yet reported |
| Year last renovated | 2017 |
| Original balance | $30.0M |
| Current balance | $27.3M (September 2026) |
| Share of deal balance | 2.9% |
| Interest rate at origination | 4.05% |
| Current interest rate | 4.05% |
| Origination date | 08-30-2018 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2023-09-06 |
| Prepayment lockout end | 06-05-2023 |
| Yield maintenance end | not yet reported |
| Servicer | not yet reported |
| Loan servicer | not yet reported |
| Originator | Citi Real Estate Funding Inc. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $640.0M | 03-23-2018 | MAI |
| Most recent reported | $220.0M | 2018-03-23 | MAI |
Change from securitization to the most recent reported valuation: -65.6%.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| December 2018 | $30.0M | Current | 4.05% | not yet reported | not yet reported | 94% | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2019 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | 94% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2019 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | 94% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2019 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | 94% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2019 | 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 | not yet reported | not yet reported | not yet reported |
| May 2019 | 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 | not yet reported | not yet reported | not yet reported |
| June 2019 | 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 | not yet reported | not yet reported | not yet reported |
| July 2019 | 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 | not yet reported | not yet reported | not yet reported |
| August 2019 | 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 | not yet reported | not yet reported | not yet reported |
| September 2019 | 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 | not yet reported | not yet reported | not yet reported |
| October 2019 | 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 | not yet reported | not yet reported | not yet reported |
| November 2019 | 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 | not yet reported | not yet reported | not yet reported |
| December 2019 | not yet reported | not yet reported | not yet reported | 0.98 | 1.03 | not yet reported | not yet reported | 06-30-2019 | $12.4M | $3.9M | $8.5M | $8.1M |
| January 2020 | not yet reported | not yet reported | not yet reported | 0.98 | 1.03 | not yet reported | not yet reported | 06-30-2019 | $12.4M | $3.9M | $8.5M | $8.1M |
| February 2020 | not yet reported | not yet reported | not yet reported | 0.98 | 1.03 | not yet reported | not yet reported | 06-30-2019 | $12.4M | $3.9M | $8.5M | $8.1M |
| March 2020 | not yet reported | not yet reported | not yet reported | 3.72 | 3.88 | 97% | not yet reported | 12-31-2019 | $40.8M | $12.1M | $28.7M | $27.5M |
| April 2020 | not yet reported | not yet reported | not yet reported | 3.72 | 3.88 | 97% | not yet reported | 12-31-2019 | $40.8M | $12.1M | $28.7M | $27.5M |
| May 2020 | 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 | not yet reported | not yet reported | not yet reported |
| June 2020 | $30.0M | Current | 4.05% | 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 | $30.0M | Current | 4.05% | 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 | $30.0M | Current | 4.05% | 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 | $30.0M | Current | 4.05% | 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 | $30.0M | Current | 4.05% | 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 | $30.0M | Matured balloon, non-performing | 4.05% | not yet reported | not yet reported | not yet reported | $104,496 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2020 | $30.0M | Current | 4.05% | 3.85 | 4.01 | 88% | $0 | 06-30-2020 | $27.8M | $8.2M | $19.6M | $18.8M |
| January 2021 | $30.0M | Current | 4.05% | 3.85 | 4.01 | 88% | $0 | 06-30-2020 | $27.8M | $8.2M | $19.6M | $18.8M |
| February 2021 | $30.0M | Current | 4.05% | 3.85 | 4.01 | 88% | $0 | 06-30-2020 | $27.8M | $8.2M | $19.6M | $18.8M |
| March 2021 | $30.0M | Current | 4.05% | 3.79 | 3.95 | 88% | $0 | 09-30-2020 | $41.3M | $12.0M | $29.3M | $28.2M |
| April 2021 | $30.0M | Current | 4.05% | 3.79 | 3.95 | 88% | $0 | 09-30-2020 | $41.3M | $12.0M | $29.3M | $28.2M |
| May 2021 | $30.0M | Current | 4.05% | 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 | $30.0M | Current | 4.05% | 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 | $30.0M | Matured balloon, non-performing | 4.05% | not yet reported | not yet reported | not yet reported | $101,125 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2021 | $30.0M | Current | 4.05% | 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 | $30.0M | Current | 4.05% | 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 | $30.0M | Current | 4.05% | 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 | $30.0M | Current | 4.05% | 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 | $30.0M | Current | 4.05% | 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 | $30.0M | Current | 4.05% | 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 | $30.0M | Current | 4.05% | 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 | $30.0M | Current | 4.05% | 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 | $30.0M | Current | 4.05% | 1.57 | 1.76 | not yet reported | $0 | 12-31-2021 | $189.9M | $76.5M | $113.4M | $101.1M |
| May 2022 | $30.0M | Current | 4.05% | 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 | $30.0M | Current | 4.05% | 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 | $30.0M | Current | 4.05% | 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 | $30.0M | Current | 4.05% | 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 | $30.0M | Current | 4.05% | 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 | $30.0M | Current | 4.05% | not yet reported | not yet reported | not yet reported | $0 | ["06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022"] | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2022 | $30.0M | Current | 4.05% | not yet reported | not yet reported | not yet reported | $0 | ["09-30-2022", "06-30-2022", "06-30-2022", "06-30-2022"] | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2022 | $30.0M | Current | 4.05% | not yet reported | not yet reported | not yet reported | $0 | ["09-30-2022", "06-30-2022", "06-30-2022", "06-30-2022"] | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2023 | $30.0M | Current | 4.05% | not yet reported | not yet reported | not yet reported | $0 | ["09-30-2022", "06-30-2022", "06-30-2022", "06-30-2022"] | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2023 | $30.0M | Current | 4.05% | not yet reported | not yet reported | not yet reported | $0 | ["09-30-2022", "06-30-2022", "06-30-2022", "06-30-2022"] | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2023 | $30.0M | Current | 4.05% | not yet reported | not yet reported | not yet reported | $0 | ["09-30-2022", "06-30-2022", "06-30-2022", "06-30-2022"] | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2023 | $30.0M | Current | 4.05% | not yet reported | not yet reported | not yet reported | $0 | ["12-31-2022", "12-31-2022", "12-31-2022", "12-31-2022"] | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2023 | $30.0M | Current | 4.05% | 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 | $30.0M | Current | 4.05% | 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 | $30.0M | Current | 4.05% | not yet reported | not yet reported | not yet reported | $0 | ["03-31-2023", "03-31-2023", "03-31-2023", "03-31-2023"] | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2023 | $30.0M | Current | 4.05% | not yet reported | not yet reported | not yet reported | $0 | ["03-31-2023", "03-31-2023", "03-31-2023", "03-31-2023"] | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2023 | $30.0M | Real estate owned (REO) | 4.05% | not yet reported | not yet reported | not yet reported | $104,496 | ["03-31-2023", "03-31-2023", "03-31-2023", "03-31-2023"] | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2023 | $30.0M | Real estate owned (REO) | 4.05% | not yet reported | not yet reported | not yet reported | $205,621 | ["03-31-2023", "03-31-2023", "03-31-2023", "03-31-2023"] | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2023 | $30.0M | Real estate owned (REO) | 4.05% | not yet reported | not yet reported | not yet reported | $310,117 | ["03-31-2023", "03-31-2023", "03-31-2023", "03-31-2023"] | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2023 | $30.0M | Real estate owned (REO) | 4.05% | not yet reported | not yet reported | not yet reported | $411,242 | ["03-31-2023", "03-31-2023", "03-31-2023", "03-31-2023"] | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2024 | $30.0M | Real estate owned (REO) | 4.05% | not yet reported | not yet reported | not yet reported | $515,738 | ["09-30-2023", "09-30-2023", "09-30-2023", "09-30-2023"] | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2024 | $30.0M | Real estate owned (REO) | 4.05% | not yet reported | not yet reported | not yet reported | $620,233 | ["09-30-2023", "09-30-2023", "09-30-2023", "09-30-2023"] | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2024 | $30.0M | Real estate owned (REO) | 4.05% | not yet reported | not yet reported | not yet reported | $717,988 | ["09-30-2023", "09-30-2023", "09-30-2023", "09-30-2023"] | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2024 | $30.0M | Real estate owned (REO) | 4.05% | not yet reported | not yet reported | not yet reported | $822,483 | ["09-30-2023", "09-30-2023", "09-30-2023", "09-30-2023"] | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2024 | $30.0M | Real estate owned (REO) | 4.05% | not yet reported | not yet reported | not yet reported | $923,608 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2024 | $27.3M | Current | 4.05% | 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 | $27.3M | Real estate owned (REO) | 4.05% | not yet reported | not yet reported | not yet reported | $92,099 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2024 | $27.3M | Real estate owned (REO) | 4.05% | not yet reported | not yet reported | not yet reported | $95,169 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2024 | $27.3M | Real estate owned (REO) | 4.05% | not yet reported | not yet reported | not yet reported | $95,169 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2024 | $27.3M | Real estate owned (REO) | 4.05% | not yet reported | not yet reported | not yet reported | $92,099 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2024 | $27.3M | Real estate owned (REO) | 4.05% | not yet reported | not yet reported | not yet reported | $95,169 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2024 | $27.3M | Real estate owned (REO) | 4.05% | not yet reported | not yet reported | not yet reported | $187,269 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2025 | $27.3M | Real estate owned (REO) | 4.05% | 3.04 | 3.06 | 77% | $95,169 | 06-30-2024 | $36.8M | $14.1M | $22.7M | $22.5M |
| February 2025 | $27.3M | Current | 4.05% | 2.96 | 3.12 | 78% | $0 | 09-30-2024 | $36.5M | $13.9M | $22.6M | $21.5M |
| March 2025 | $27.3M | Current | 4.05% | 3.04 | 3.06 | 78% | $0 | 06-30-2024 | $36.8M | $14.1M | $22.7M | $22.5M |
| April 2025 | $27.3M | Real estate owned (REO) | 4.05% | 3.04 | 3.06 | 78% | $95,169 | 06-30-2024 | $36.8M | $14.1M | $22.7M | $22.5M |
| May 2025 | $27.3M | Real estate owned (REO) | 4.05% | 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 | $27.3M | Matured balloon, non-performing | 4.05% | not yet reported | not yet reported | not yet reported | $95,169 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2025 | $27.3M | Real estate owned (REO) | 4.05% | not yet reported | not yet reported | not yet reported | $92,099 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2025 | $27.3M | Current | 4.05% | 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 | $27.3M | Foreclosure | 4.05% | not yet reported | not yet reported | 45% | $0 | ["06-30-2025", "06-30-2025", "06-30-2025"] | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2025 | $27.3M | Current | 4.05% | not yet reported | not yet reported | not yet reported | $0 | ["06-30-2025", "06-30-2025", "06-30-2025"] | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2025 | $27.3M | Current | 4.05% | not yet reported | not yet reported | not yet reported | $0 | ["06-30-2025", "06-30-2025", "06-30-2025"] | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2025 | $27.3M | Current | 4.05% | not yet reported | not yet reported | not yet reported | $0 | ["09-30-2025", "09-30-2025", "09-30-2025"] | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2026 | $27.3M | Real estate owned (REO) | 4.05% | not yet reported | not yet reported | not yet reported | $95,169 | ["09-30-2025", "09-30-2025", "09-30-2025"] | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2026 | $27.3M | Current | 4.05% | not yet reported | not yet reported | not yet reported | $0 | ["09-30-2025", "09-30-2025", "09-30-2025"] | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2026 | $27.3M | Current | 4.05% | not yet reported | not yet reported | 100% | $0 | ["12-31-2025", "12-31-2025", "12-31-2025"] | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2026 | $27.3M | Real estate owned (REO) | 4.05% | not yet reported | not yet reported | 100% | $95,169 | ["12-31-2025", "12-31-2025", "12-31-2025"] | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2026 | $27.3M | Current | 4.05% | 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 | $27.3M | Real estate owned (REO) | 4.05% | not yet reported | not yet reported | not yet reported | $95,169 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2026 | $27.3M | Real estate owned (REO) | 4.05% | not yet reported | not yet reported | not yet reported | $187,269 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2026 | $27.3M | Real estate owned (REO) | 4.05% | not yet reported | not yet reported | not yet reported | $282,438 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2026 | $27.3M | Current | 4.05% | 0.99 | 1.15 | 57% | $0 | 03-31-2026 | $7.7M | $4.8M | $2.9M | $2.5M |
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 |
|---|---|
| September 2023 | First reported 30 or more days delinquent |
| 2023-09-06 | Scheduled maturity passed; the loan is still reported, with status Current in September 2026 |
| 2023-09-08 | Transferred to the special servicer |
| 2024-05-22 | Loan modified (rate after modification 0.00%; maturity after modification 2023-09-06) |
| 2024-08-06 | Returned to the master servicer |
| 2025-09-10 | Loan modified (rate after modification 0.00%; maturity after modification 2023-09-06; payment after modification $0) |
| 2026-02-10 | Transferred to the special servicer |
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-B7 Mortgage Trust; CD 2018-CD7 Mortgage Trust (segment D03, CIK 1746406); JPMDB Commercial Mortgage Securities Trust 2018-C8 (segment D03, CIK 1735646).
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.