← Benchmark 2019-B10 Mortgage Trust · Loan annex · CMBS market
- Deal
- Benchmark 2019-B10 Mortgage Trust
- Current balance
- $60.0M (February 2024)
- Share of deal
- not yet reported
- Status
- not yet reported
- DSCR (latest)
- 1.46
- Occupancy (latest)
- 99%
- Scheduled maturity
- 2024-03-01
Property and terms
| Property | ARC Apartments |
| Address | 30-02 39th Avenue; Long Island City, NY 11101 |
| Property type | Multifamily |
| Units, beds or keys | 428 |
| Net rentable square feet | not yet reported |
| Year built | 2017 |
| Year last renovated | not yet reported |
| Original balance | $60.0M |
| Current balance | $60.0M (February 2024) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.13% |
| Current interest rate | 4.13% |
| Origination date | 02-08-2019 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2024-03-01 |
| Prepayment lockout end | 11-30-2023 |
| Yield maintenance end | not yet reported |
| Servicer | KeyBank Real Estate Capital |
| Loan servicer | not yet reported |
| Originator | Citi Real Estate Funding Inc./Deutsche Bank AG, acting through its New York Branch |
| Current status | not yet reported |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $297.0M | 11-09-2018 | MAI |
| Most recent reported | $297.0M | 2019-04-11 | 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 2019 | $60.0M | Current | 4.13% | 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 | 4.13% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| June 2019 | $60.0M | not yet reported | 4.13% | 0.97 | 0.98 | 99% | $0 | 03-31-2019 | $3.9M | $1.7M | $2.2M | $2.2M |
| July 2019 | $60.0M | not yet reported | 4.13% | 1.20 | 1.21 | 99% | $0 | 03-31-2019 | $3.9M | $1.1M | $2.7M | $2.7M |
| August 2019 | $60.0M | not yet reported | 4.13% | 1.20 | 1.21 | 99% | $0 | 03-31-2019 | $3.9M | $1.1M | $2.7M | $2.7M |
| September 2019 | $60.0M | not yet reported | 4.13% | 1.20 | 1.21 | 99% | $0 | 03-31-2019 | $3.9M | $1.1M | $2.7M | $2.7M |
| October 2019 | $60.0M | not yet reported | 4.13% | 1.27 | 1.28 | 99% | $0 | 06-30-2019 | $7.8M | $2.0M | $5.8M | $5.7M |
| November 2019 | $60.0M | not yet reported | 4.13% | 1.27 | 1.28 | 99% | $0 | 06-30-2019 | $7.8M | $2.0M | $5.8M | $5.7M |
| December 2019 | $60.0M | not yet reported | 4.13% | 1.27 | 1.28 | 99% | $0 | 06-30-2019 | $7.8M | $2.0M | $5.8M | $5.7M |
| January 2020 | $60.0M | not yet reported | 4.13% | 1.27 | 1.29 | 99% | $0 | 09-30-2019 | $12.0M | $3.2M | $8.7M | $8.6M |
| February 2020 | $60.0M | not yet reported | 4.13% | 1.27 | 1.29 | 99% | $0 | 09-30-2019 | $12.0M | $3.2M | $8.7M | $8.6M |
| March 2020 | $60.0M | not yet reported | 4.13% | 1.27 | 1.29 | 99% | $0 | 09-30-2019 | $12.0M | $3.2M | $8.7M | $8.6M |
| April 2020 | $60.0M | not yet reported | 4.13% | 0.00 | 0.00 | 98% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| May 2020 | $60.0M | not yet reported | 4.13% | 0.00 | 0.00 | 98% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| June 2020 | $60.0M | not yet reported | 4.13% | 0.00 | 0.00 | 98% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| July 2020 | $60.0M | not yet reported | 4.13% | 0.00 | 0.00 | 98% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| August 2020 | $60.0M | not yet reported | 4.13% | 0.00 | 0.00 | 98% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| September 2020 | $60.0M | not yet reported | 4.13% | 0.00 | 0.00 | 98% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| October 2020 | $60.0M | not yet reported | 4.13% | 1.38 | 1.39 | 94% | $0 | 06-30-2020 | $8.5M | $2.1M | $6.4M | $6.3M |
| November 2020 | $60.0M | not yet reported | 4.13% | 1.38 | 1.39 | 94% | $0 | 06-30-2020 | $8.5M | $2.1M | $6.4M | $6.3M |
| December 2020 | $60.0M | not yet reported | 4.13% | 1.38 | 1.39 | 75% | $0 | 06-30-2020 | $8.5M | $2.1M | $6.4M | $6.3M |
| January 2021 | $60.0M | not yet reported | 4.13% | 1.25 | 1.26 | 75% | $0 | 09-30-2020 | $11.9M | $3.2M | $8.7M | $8.6M |
| February 2021 | $60.0M | not yet reported | 4.13% | 1.25 | 1.26 | 75% | $0 | 09-30-2020 | $11.9M | $3.2M | $8.7M | $8.6M |
| March 2021 | $60.0M | not yet reported | 4.13% | 1.25 | 1.26 | 75% | $0 | 09-30-2020 | $11.9M | $3.2M | $8.7M | $8.6M |
| April 2021 | $60.0M | not yet reported | 4.13% | 1.25 | 1.26 | 64% | $0 | 09-30-2020 | $11.9M | $3.2M | $8.7M | $8.6M |
| May 2021 | $60.0M | not yet reported | 4.13% | 1.25 | 1.26 | 75% | $0 | 09-30-2020 | $11.9M | $3.2M | $8.7M | $8.6M |
| June 2021 | $60.0M | not yet reported | 4.13% | 0.00 | 0.00 | 64% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| July 2021 | $60.0M | not yet reported | 4.13% | 0.00 | 0.00 | 64% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| August 2021 | $60.0M | not yet reported | 4.13% | 0.96 | 0.97 | 58% | $0 | 03-31-2021 | $13.1M | $4.2M | $8.9M | $8.8M |
| September 2021 | $60.0M | not yet reported | 4.13% | 0.96 | 0.97 | 58% | $0 | 03-31-2021 | $13.1M | $4.2M | $8.9M | $8.8M |
| October 2021 | $60.0M | not yet reported | 4.13% | 0.67 | 0.68 | 58% | $0 | 06-30-2021 | $5.1M | $2.0M | $3.1M | $3.0M |
| November 2021 | $60.0M | not yet reported | 4.13% | 0.67 | 0.68 | 58% | $0 | 06-30-2021 | $5.1M | $2.0M | $3.1M | $3.0M |
| December 2021 | $60.0M | not yet reported | 4.13% | 0.67 | 0.68 | 67% | $0 | 06-30-2021 | $5.1M | $2.0M | $3.1M | $3.0M |
| January 2022 | $60.0M | not yet reported | 4.13% | 0.67 | 0.68 | 67% | $0 | 06-30-2021 | $5.1M | $2.0M | $3.1M | $3.0M |
| February 2022 | $60.0M | not yet reported | 4.13% | 2.68 | 2.69 | 67% | $0 | 09-30-2021 | $8.4M | $3.3M | $5.1M | $5.1M |
| March 2022 | $60.0M | not yet reported | 4.13% | 2.68 | 2.69 | 98% | $0 | 09-30-2021 | $8.4M | $3.3M | $5.1M | $5.1M |
| April 2022 | $60.0M | not yet reported | 4.13% | 0.00 | 0.00 | 98% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| May 2022 | $60.0M | not yet reported | 4.13% | 0.00 | 0.00 | 98% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| June 2022 | $60.0M | not yet reported | 4.13% | 0.00 | 0.00 | 99% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| July 2022 | $60.0M | not yet reported | 4.13% | 1.06 | 1.07 | 99% | $0 | 03-31-2022 | $14.0M | $4.2M | $9.8M | $9.7M |
| August 2022 | $60.0M | not yet reported | 4.13% | 1.25 | 1.26 | 99% | $0 | 03-31-2022 | $4.0M | $1.2M | $2.8M | $2.8M |
| September 2022 | $60.0M | not yet reported | 4.13% | 1.25 | 1.26 | 99% | $0 | 03-31-2022 | $4.0M | $1.2M | $2.8M | $2.8M |
| October 2022 | $60.0M | not yet reported | 4.13% | 1.23 | 1.25 | 95% | $0 | 06-30-2022 | $8.0M | $2.4M | $5.7M | $5.6M |
| November 2022 | $60.0M | not yet reported | 4.13% | 1.23 | 1.25 | 95% | $0 | 06-30-2022 | $8.0M | $2.4M | $5.7M | $5.6M |
| December 2022 | $60.0M | not yet reported | 4.13% | 1.24 | 1.25 | 96% | $0 | 09-30-2022 | $12.3M | $3.8M | $8.6M | $8.5M |
| January 2023 | $60.0M | not yet reported | 4.13% | 1.24 | 1.25 | 96% | $0 | 09-30-2022 | $12.3M | $3.8M | $8.6M | $8.5M |
| February 2023 | $60.0M | not yet reported | 4.13% | 1.24 | 1.25 | 96% | $0 | 09-30-2022 | $12.3M | $3.8M | $8.6M | $8.5M |
| March 2023 | $60.0M | not yet reported | 4.13% | 1.24 | 1.25 | 99% | $0 | 09-30-2022 | $12.3M | $3.8M | $8.6M | $8.5M |
| April 2023 | $60.0M | not yet reported | 4.13% | 0.00 | 0.00 | 99% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| May 2023 | $60.0M | not yet reported | 4.13% | 0.00 | 0.00 | 99% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| June 2023 | $60.0M | not yet reported | 4.13% | 0.00 | 0.00 | 99% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| July 2023 | $60.0M | not yet reported | 4.13% | 1.40 | 1.41 | 99% | $0 | 03-31-2023 | $18.6M | $5.7M | $12.9M | $12.8M |
| August 2023 | $60.0M | not yet reported | 4.13% | 1.40 | 1.42 | 97% | $0 | 03-31-2023 | $18.6M | $5.7M | $12.9M | $12.8M |
| September 2023 | $60.0M | not yet reported | 4.13% | 1.47 | 1.48 | 97% | $0 | 06-30-2023 | $9.1M | $2.4M | $6.7M | $6.6M |
| October 2023 | $60.0M | not yet reported | 4.13% | 1.47 | 1.48 | 97% | $0 | 06-30-2023 | $9.1M | $2.4M | $6.7M | $6.6M |
| November 2023 | $60.0M | not yet reported | 4.13% | 1.46 | 1.47 | 99% | $0 | 09-30-2023 | $13.8M | $3.8M | $10.1M | $10.0M |
| December 2023 | $60.0M | not yet reported | 4.13% | 1.46 | 1.47 | 99% | $0 | 09-30-2023 | $13.8M | $3.8M | $10.1M | $10.0M |
| January 2024 | $60.0M | not yet reported | 4.13% | 1.46 | 1.47 | 99% | $0 | 09-30-2023 | $13.8M | $3.8M | $10.1M | $10.0M |
| February 2024 | $60.0M | not yet reported | 4.13% | 1.46 | 1.47 | 99% | $0 | 09-30-2023 | $13.8M | $3.8M | $10.1M | $10.0M |
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 |
|---|---|
| 2024-03-01 | Scheduled maturity passed; the loan is still reported, with status not yet reported in February 2024 |
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: CSAIL 2017-CX10 Commercial Mortgage Trust (segment D02, CIK 1720474); GS Mortgage Securities Trust 2019-GC40.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.