← Benchmark 2019-B10 Mortgage Trust · Loan annex · CMBS market
- Deal
- Benchmark 2019-B10 Mortgage Trust
- Current balance
- $60.0M (September 2026)
- Share of deal
- 6.2%
- Status
- not yet reported
- DSCR (latest)
- 0.80
- Occupancy (latest)
- 51%
- Scheduled maturity
- 2028-12-06
Property and terms
| Property | 3 Park Avenue |
| Address | 3 Park Avenue; New York, NY 10016 |
| Property type | Office |
| Units, beds or keys | 0 |
| Net rentable square feet | 667,446 |
| Year built | 1977 |
| Year last renovated | 2001 |
| Original balance | $60.0M |
| Current balance | $60.0M (September 2026) |
| Share of deal balance | 6.2% |
| Interest rate at origination | 4.75% |
| Current interest rate | 4.75% |
| Origination date | 11-30-2018 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2028-12-06 |
| Prepayment lockout end | 06-05-2028 |
| Yield maintenance end | not yet reported |
| Servicer | KeyBank Real Estate Capital |
| 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 | $505.0M | 10-25-2018 | MAI |
| Most recent reported | $505.0M | 2019-04-11 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Houghton Mifflin | 53,956 | 12-31-2027 |
| P Kauffman | 46,000 | 12-31-2030 |
| Houghton P18 & E19 | 36,932 | 12-31-2027 |
The three largest tenants as reported in the latest asset-level record.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| April 2019 | $60.0M | Current | 4.75% | 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 2019 | $60.0M | not yet reported | 4.75% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| June 2019 | $60.0M | not yet reported | 4.75% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| July 2019 | $60.0M | not yet reported | 4.75% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| August 2019 | $60.0M | Matured balloon, non-performing | 4.75% | 0.00 | 0.00 | 0% | $245,002 | not yet reported | $0 | $0 | $0 | $0 |
| September 2019 | $60.0M | not yet reported | 4.75% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| October 2019 | $60.0M | not yet reported | 4.75% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| November 2019 | $60.0M | not yet reported | 4.75% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| December 2019 | $60.0M | not yet reported | 4.75% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| January 2020 | $60.0M | not yet reported | 4.75% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| February 2020 | $60.0M | not yet reported | 4.75% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| March 2020 | $60.0M | not yet reported | 4.75% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| April 2020 | $60.0M | Matured balloon, non-performing | 4.75% | 0.00 | 0.00 | 0% | $245,002 | not yet reported | $0 | $0 | $0 | $0 |
| May 2020 | $60.0M | Matured balloon, non-performing | 4.75% | 0.00 | 0.00 | 0% | $237,098 | not yet reported | $0 | $0 | $0 | $0 |
| June 2020 | $60.0M | 30-59 days delinquent | 4.75% | 0.00 | 0.00 | 0% | $482,100 | not yet reported | $0 | $0 | $0 | $0 |
| July 2020 | $60.0M | 60-89 days delinquent | 4.75% | 0.00 | 0.00 | 0% | $719,199 | not yet reported | $0 | $0 | $0 | $0 |
| August 2020 | $60.0M | 30-59 days delinquent | 4.75% | 0.00 | 0.00 | 0% | $482,100 | not yet reported | $0 | $0 | $0 | $0 |
| September 2020 | $60.0M | 30-59 days delinquent | 4.75% | 0.00 | 0.00 | 0% | $490,004 | not yet reported | $0 | $0 | $0 | $0 |
| October 2020 | $60.0M | 30-59 days delinquent | 4.75% | 0.00 | 0.00 | 0% | $482,100 | not yet reported | $0 | $0 | $0 | $0 |
| November 2020 | $60.0M | not yet reported | 4.75% | 1.31 | 1.56 | 0% | $0 | 06-30-2020 | $13.6M | $6.8M | $6.8M | $5.8M |
| December 2020 | $60.0M | not yet reported | 4.75% | 1.31 | 1.56 | 62% | $0 | 06-30-2020 | $13.6M | $6.8M | $6.8M | $5.8M |
| January 2021 | $60.0M | not yet reported | 4.75% | 1.31 | 1.56 | 62% | $0 | 06-30-2020 | $13.6M | $6.8M | $6.8M | $5.8M |
| February 2021 | $60.0M | Matured balloon, non-performing | 4.75% | 1.23 | 1.48 | 62% | $245,002 | 09-30-2020 | $19.9M | $10.2M | $9.7M | $8.1M |
| March 2021 | $60.0M | 30-59 days delinquent | 4.75% | 1.23 | 1.48 | 62% | $466,294 | 09-30-2020 | $19.9M | $10.2M | $9.7M | $8.1M |
| April 2021 | $60.0M | 30-59 days delinquent | 4.75% | 1.23 | 1.48 | 62% | $466,294 | 09-30-2020 | $19.9M | $10.2M | $9.7M | $8.1M |
| May 2021 | $60.0M | 30-59 days delinquent | 4.75% | 1.23 | 1.48 | 62% | $482,100 | 09-30-2020 | $19.9M | $10.2M | $9.7M | $8.1M |
| June 2021 | $60.0M | 30-59 days delinquent | 4.75% | 1.23 | 1.48 | 62% | $482,100 | 09-30-2020 | $19.9M | $10.2M | $9.7M | $8.1M |
| July 2021 | $60.0M | 30-59 days delinquent | 4.75% | 1.23 | 1.48 | 62% | $482,100 | 09-30-2020 | $19.9M | $10.2M | $9.7M | $8.1M |
| August 2021 | $60.0M | 30-59 days delinquent | 4.75% | 1.23 | 1.48 | 62% | $482,100 | 09-30-2020 | $19.9M | $10.2M | $9.7M | $8.1M |
| September 2021 | $60.0M | 30-59 days delinquent | 4.75% | 1.23 | 1.48 | 62% | $490,004 | 09-30-2020 | $19.9M | $10.2M | $9.7M | $8.1M |
| October 2021 | $60.0M | 30-59 days delinquent | 4.75% | 1.23 | 1.48 | 62% | $482,100 | 09-30-2020 | $19.9M | $10.2M | $9.7M | $8.1M |
| November 2021 | $60.0M | 30-59 days delinquent | 4.75% | 1.23 | 1.48 | 62% | $482,100 | 09-30-2020 | $19.9M | $10.2M | $9.7M | $8.1M |
| December 2021 | $60.0M | not yet reported | 4.75% | 1.23 | 1.48 | 62% | $0 | 09-30-2020 | $19.9M | $10.2M | $9.7M | $8.1M |
| January 2022 | $60.0M | not yet reported | 4.75% | 1.23 | 1.48 | 62% | $0 | 09-30-2020 | $19.9M | $10.2M | $9.7M | $8.1M |
| February 2022 | $60.0M | Matured balloon, non-performing | 4.75% | 1.23 | 1.48 | 62% | $245,002 | 09-30-2020 | $19.9M | $10.2M | $9.7M | $8.1M |
| March 2022 | $60.0M | Matured balloon, non-performing | 4.75% | 0.66 | 0.90 | 60% | $221,292 | 09-30-2021 | $17.0M | $11.1M | $6.0M | $4.3M |
| April 2022 | $60.0M | not yet reported | 4.75% | 0.66 | 0.90 | 60% | $0 | 09-30-2021 | $17.0M | $11.1M | $6.0M | $4.3M |
| May 2022 | $60.0M | not yet reported | 4.75% | 0.00 | 0.00 | 60% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| June 2022 | $60.0M | not yet reported | 4.75% | 0.00 | 0.00 | 58% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| July 2022 | $60.0M | not yet reported | 4.75% | 0.97 | 1.22 | 59% | $0 | 03-31-2022 | $24.7M | $14.0M | $10.7M | $8.5M |
| August 2022 | $60.0M | not yet reported | 4.75% | 0.97 | 1.22 | 59% | $0 | 03-31-2022 | $24.7M | $14.0M | $10.7M | $8.5M |
| September 2022 | $60.0M | not yet reported | 4.75% | 0.97 | 1.22 | 59% | $0 | 03-31-2022 | $24.7M | $14.0M | $10.7M | $8.5M |
| October 2022 | $60.0M | not yet reported | 4.75% | 0.97 | 1.22 | 59% | $0 | 03-31-2022 | $24.7M | $14.0M | $10.7M | $8.5M |
| November 2022 | $60.0M | not yet reported | 4.75% | 0.97 | 1.22 | 59% | $0 | 03-31-2022 | $24.7M | $14.0M | $10.7M | $8.5M |
| December 2022 | $60.0M | not yet reported | 4.75% | 0.97 | 1.22 | 59% | $0 | 03-31-2022 | $24.7M | $14.0M | $10.7M | $8.5M |
| January 2023 | $60.0M | not yet reported | 4.75% | 0.58 | 0.83 | 58% | $0 | 09-30-2022 | $16.3M | $10.8M | $5.4M | $3.8M |
| February 2023 | $60.0M | not yet reported | 4.75% | 0.58 | 0.83 | 58% | $0 | 09-30-2022 | $16.3M | $10.8M | $5.4M | $3.8M |
| March 2023 | $60.0M | Matured balloon, non-performing | 4.75% | 0.58 | 0.83 | 58% | $221,292 | 09-30-2022 | $16.3M | $10.8M | $5.4M | $3.8M |
| April 2023 | $60.0M | 30-59 days delinquent | 4.75% | 0.58 | 0.83 | 58% | $466,294 | 09-30-2022 | $16.3M | $10.8M | $5.4M | $3.8M |
| May 2023 | $60.0M | 30-59 days delinquent | 4.75% | 0.58 | 0.83 | 58% | $482,100 | 09-30-2022 | $16.3M | $10.8M | $5.4M | $3.8M |
| June 2023 | $60.0M | 30-59 days delinquent | 4.75% | 0.00 | 0.00 | 58% | $482,100 | not yet reported | $0 | $0 | $0 | $0 |
| July 2023 | $60.0M | 30-59 days delinquent | 4.75% | 0.00 | 0.00 | 58% | $482,100 | not yet reported | $0 | $0 | $0 | $0 |
| August 2023 | $60.0M | 30-59 days delinquent | 4.75% | 0.00 | 0.00 | 58% | $482,100 | not yet reported | $0 | $0 | $0 | $0 |
| September 2023 | $60.0M | 60-89 days delinquent | 4.75% | 0.00 | 0.00 | 58% | $727,102 | not yet reported | $0 | $0 | $0 | $0 |
| October 2023 | $60.0M | 30-59 days delinquent | 4.75% | 0.82 | 1.07 | 54% | $482,100 | 06-30-2023 | $11.0M | $6.3M | $4.7M | $3.6M |
| November 2023 | $60.0M | Matured balloon, non-performing | 4.75% | 0.82 | 1.07 | 54% | $245,002 | 06-30-2023 | $11.0M | $6.3M | $4.7M | $3.6M |
| December 2023 | $60.0M | 30-59 days delinquent | 4.75% | 0.82 | 1.07 | 54% | $482,100 | 06-30-2023 | $11.0M | $6.3M | $4.7M | $3.6M |
| January 2024 | $60.0M | not yet reported | 4.75% | 0.74 | 0.99 | 54% | $0 | 09-30-2023 | $16.1M | $9.6M | $6.5M | $4.9M |
| February 2024 | $60.0M | not yet reported | 4.75% | 0.74 | 0.99 | 54% | $0 | 09-30-2023 | $16.1M | $9.6M | $6.5M | $4.9M |
| March 2024 | $60.0M | not yet reported | 4.75% | 0.74 | 0.99 | 54% | $0 | 09-30-2023 | $16.1M | $9.6M | $6.5M | $4.9M |
| April 2024 | $60.0M | not yet reported | 4.75% | 0.67 | 0.91 | 54% | $0 | 12-31-2023 | $21.4M | $13.4M | $8.0M | $5.8M |
| May 2024 | $60.0M | not yet reported | 4.75% | 0.67 | 0.91 | 54% | $0 | 12-31-2023 | $21.4M | $13.4M | $8.0M | $5.8M |
| June 2024 | $60.0M | not yet reported | 4.75% | 0.67 | 0.91 | 54% | $0 | 12-31-2023 | $21.4M | $13.4M | $8.0M | $5.8M |
| July 2024 | $60.0M | not yet reported | 4.75% | 0.67 | 0.91 | 54% | $0 | 12-31-2023 | $21.4M | $13.4M | $8.0M | $5.8M |
| August 2024 | $60.0M | not yet reported | 4.75% | 0.67 | 0.91 | 54% | $0 | 12-31-2023 | $21.4M | $13.4M | $8.0M | $5.8M |
| September 2024 | $60.0M | not yet reported | 4.75% | 0.67 | 0.91 | 54% | $0 | 12-31-2023 | $21.4M | $13.4M | $8.0M | $5.8M |
| October 2024 | $60.0M | not yet reported | 4.75% | 0.67 | 0.91 | 54% | $0 | 12-31-2023 | $21.4M | $13.4M | $8.0M | $5.8M |
| November 2024 | $60.0M | not yet reported | 4.75% | 2.60 | 2.62 | 52% | $0 | 06-30-2024 | $11.3M | $7.5M | $3.8M | $3.8M |
| December 2024 | $60.0M | Matured balloon, non-performing | 4.75% | 2.60 | 2.62 | 52% | $237,098 | 06-30-2024 | $11.3M | $7.5M | $3.8M | $3.8M |
| January 2025 | $60.0M | not yet reported | 4.75% | 2.60 | 2.62 | 52% | $0 | 06-30-2024 | $11.3M | $7.5M | $3.8M | $3.8M |
| February 2025 | $60.0M | Matured balloon, non-performing | 4.75% | 2.60 | 2.62 | 52% | $245,002 | 06-30-2024 | $11.3M | $7.5M | $3.8M | $3.8M |
| March 2025 | $60.0M | Matured balloon, non-performing | 4.75% | 2.60 | 2.62 | 52% | $221,492 | 06-30-2024 | $11.3M | $7.5M | $3.8M | $3.8M |
| April 2025 | $60.0M | Matured balloon, non-performing | 4.75% | 2.60 | 2.62 | 52% | $245,223 | 06-30-2024 | $11.3M | $7.5M | $3.8M | $3.8M |
| May 2025 | $60.0M | not yet reported | 4.75% | 2.60 | 2.62 | 52% | $0 | 06-30-2024 | $11.3M | $7.5M | $3.8M | $3.8M |
| June 2025 | $60.0M | Matured balloon, non-performing | 4.75% | 2.60 | 2.62 | 52% | $245,223 | 06-30-2024 | $11.3M | $7.5M | $3.8M | $3.8M |
| July 2025 | $60.0M | not yet reported | 4.75% | 2.60 | 2.62 | 52% | $0 | 06-30-2024 | $11.3M | $7.5M | $3.8M | $3.8M |
| August 2025 | $60.0M | Matured balloon, non-performing | 4.75% | 2.60 | 2.62 | 52% | $245,223 | 06-30-2024 | $11.3M | $7.5M | $3.8M | $3.8M |
| September 2025 | $60.0M | not yet reported | 4.75% | 2.60 | 2.62 | 52% | $0 | 06-30-2024 | $11.3M | $7.5M | $3.8M | $3.8M |
| October 2025 | $60.0M | not yet reported | 4.75% | 2.60 | 2.62 | 52% | $0 | 06-30-2024 | $11.3M | $7.5M | $3.8M | $3.8M |
| November 2025 | $60.0M | not yet reported | 4.75% | 2.60 | 2.62 | 52% | $0 | 06-30-2024 | $11.3M | $7.5M | $3.8M | $3.8M |
| December 2025 | $60.0M | Matured balloon, non-performing | 4.75% | 2.60 | 2.62 | 52% | $237,312 | 06-30-2024 | $11.3M | $7.5M | $3.8M | $3.8M |
| January 2026 | $60.0M | not yet reported | 4.75% | 2.60 | 2.62 | 52% | $0 | 06-30-2024 | $11.3M | $7.5M | $3.8M | $3.8M |
| February 2026 | $60.0M | not yet reported | 4.75% | 2.60 | 2.62 | 52% | $0 | 06-30-2024 | $11.3M | $7.5M | $3.8M | $3.8M |
| March 2026 | $60.0M | Matured balloon, non-performing | 4.75% | 2.60 | 2.62 | 52% | $221,492 | 06-30-2024 | $11.3M | $7.5M | $3.8M | $3.8M |
| April 2026 | $60.0M | not yet reported | 4.75% | 2.60 | 2.62 | 52% | $0 | 06-30-2024 | $11.3M | $7.5M | $3.8M | $3.8M |
| May 2026 | $60.0M | not yet reported | 4.75% | 2.60 | 2.62 | 52% | $0 | 06-30-2024 | $11.3M | $7.5M | $3.8M | $3.8M |
| June 2026 | $60.0M | not yet reported | 4.75% | 2.60 | 2.62 | 52% | $0 | 06-30-2024 | $11.3M | $7.5M | $3.8M | $3.8M |
| July 2026 | $60.0M | not yet reported | 4.75% | 2.60 | 2.62 | 52% | $0 | 06-30-2024 | $11.3M | $7.5M | $3.8M | $3.8M |
| August 2026 | $60.0M | not yet reported | 4.75% | 0.80 | 1.04 | 51% | $0 | 06-30-2024 | $11.3M | $6.7M | $4.6M | $3.5M |
| September 2026 | $60.0M | not yet reported | 4.75% | 0.80 | 1.04 | 51% | $0 | 06-30-2024 | $11.3M | $6.7M | $4.6M | $3.5M |
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 |
|---|---|
| June 2020 | First reported 30 or more days delinquent |
| 2024-09-18 | Transferred to the special servicer |
| 2026-07-08 | Returned to the master 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 2019-B9 Mortgage Trust (segment D01, CIK 1764759); CSAIL 2017-CX10 Commercial Mortgage Trust (segment D02, CIK 1720474); GS Mortgage Securities Trust 2019-GC38.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.