← Benchmark 2019-B11 Mortgage Trust · Loan annex · CMBS market
- Deal
- Benchmark 2019-B11 Mortgage Trust
- Current balance
- $25.4M (September 2026)
- Share of deal
- 2.7%
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2029-05-01
Property and terms
| Property | Greenleaf at Howell |
| Address | 5313 Route 9 North; Howell, NJ 7731 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 228,545 |
| Year built | 2014 |
| Year last renovated | not yet reported |
| Original balance | $26.5M |
| Current balance | $25.4M (September 2026) |
| Share of deal balance | 2.7% |
| Interest rate at origination | 5.10% |
| Current interest rate | 5.10% |
| Origination date | 04-18-2019 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 24 months |
| Scheduled maturity | 2029-05-01 |
| Prepayment lockout end | 06-30-2022 |
| Yield maintenance end | 01-31-2029 |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | JPMorgan Chase Bank, National Association |
| Current status | Current |
| Specially serviced now | Yes |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $66.9M | 02-08-2019 | MAI |
| Most recent reported | $31.7M | 2026-01-12 | MAI |
Change from securitization to the most recent reported valuation: -52.6%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| BJ'S WHOLESALE CLUB | 87,588 | 01-31-2035 |
| FITNESS INTERNATIONAL LLC | 37,000 | 05-31-2031 |
| FIVE STAR CLIMBZONE USA LLC | 25,670 | 06-30-2029 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| June 2019 | $26.5M | Matured balloon, performing | 5.10% | not yet reported | not yet reported | 100% | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2019 | $26.5M | Current | 5.10% | 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 | $26.5M | Current | 5.10% | 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 | $26.5M | Current | 5.10% | 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 | $26.5M | Current | 5.10% | 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 | $25.0M | Current | 3.25% | 2.85 | 2.87 | 100% | not yet reported | 03-31-2019 | $3.4M | $993,210 | $2.4M | $2.3M |
| December 2019 | $26.5M | Current | 5.10% | 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 | $26.5M | Current | 5.10% | 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 |
| February 2020 | $26.5M | Current | 5.10% | 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 |
| March 2020 | $26.5M | Current | 5.10% | 1.14 | 1.25 | 73% | not yet reported | 09-30-2019 | $4.9M | $2.1M | $2.8M | $2.6M |
| April 2020 | $26.5M | Current | 5.10% | 1.14 | 1.25 | 73% | not yet reported | 09-30-2019 | $4.9M | $2.1M | $2.8M | $2.6M |
| May 2020 | $26.5M | Current | 5.10% | 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 | $26.5M | 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 |
| July 2020 | $26.5M | Current | 5.10% | 1.60 | 1.70 | 99% | $0 | 03-31-2020 | $5.5M | $1.4M | $4.1M | $3.9M |
| August 2020 | $26.5M | Matured balloon, non-performing | 5.10% | 1.25 | 1.35 | 99% | $116,322 | 06-30-2020 | $4.6M | $1.3M | $3.3M | $3.0M |
| September 2020 | $26.5M | 30-59 days delinquent | 5.10% | 1.25 | 1.35 | 99% | $232,644 | 06-30-2020 | $4.6M | $1.3M | $3.3M | $3.0M |
| October 2020 | $26.5M | 60-89 days delinquent | 5.10% | 1.25 | 1.35 | 99% | $345,214 | 06-30-2020 | $4.6M | $1.3M | $3.3M | $3.0M |
| November 2020 | $26.5M | 90+ days delinquent | 5.10% | 1.25 | 1.35 | 99% | $461,536 | 06-30-2020 | $4.6M | $1.3M | $3.3M | $3.0M |
| December 2020 | $26.5M | 90+ days delinquent | 5.10% | 1.25 | 1.35 | 99% | $574,106 | 06-30-2020 | $4.6M | $1.3M | $3.3M | $3.0M |
| January 2021 | $26.5M | 90+ days delinquent | 5.10% | 1.25 | 1.35 | 99% | $690,428 | 06-30-2020 | $4.6M | $1.3M | $3.3M | $3.0M |
| February 2021 | $26.5M | 90+ days delinquent | 5.10% | 1.25 | 1.35 | 99% | $806,750 | 06-30-2020 | $4.6M | $1.3M | $3.3M | $3.0M |
| March 2021 | $26.5M | 90+ days delinquent | 5.10% | 1.25 | 1.35 | 99% | $911,815 | 06-30-2020 | $4.6M | $1.3M | $3.3M | $3.0M |
| April 2021 | $26.5M | 90+ days delinquent | 5.10% | 1.25 | 1.35 | 99% | $795,493 | 06-30-2020 | $4.6M | $1.3M | $3.3M | $3.0M |
| May 2021 | $26.5M | 90+ days delinquent | 5.10% | not yet reported | not yet reported | not yet reported | $908,063 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2021 | $26.5M | 90+ days delinquent | 5.10% | not yet reported | not yet reported | not yet reported | $1.1M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2021 | $26.5M | 90+ days delinquent | 5.10% | not yet reported | not yet reported | not yet reported | $1.2M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2021 | $26.5M | 90+ days delinquent | 5.10% | 0.74 | 0.74 | not yet reported | $1.3M | 03-31-2021 | $871,644 | $327,954 | $543,691 | $543,691 |
| September 2021 | $26.5M | 90+ days delinquent | 5.10% | 0.74 | 0.74 | not yet reported | $1.4M | 03-31-2021 | $871,644 | $327,954 | $543,691 | $543,691 |
| October 2021 | $26.5M | 90+ days delinquent | 5.10% | 0.74 | 0.74 | not yet reported | $1.6M | 03-31-2021 | $871,644 | $327,954 | $543,691 | $543,691 |
| November 2021 | $26.5M | 90+ days delinquent | 5.10% | 0.74 | 0.74 | not yet reported | $971,959 | 03-31-2021 | $871,644 | $327,954 | $543,691 | $543,691 |
| December 2021 | $26.5M | 90+ days delinquent | 5.10% | 0.74 | 0.74 | not yet reported | $1.1M | 03-31-2021 | $871,644 | $327,954 | $543,691 | $543,691 |
| January 2022 | $26.4M | 90+ days delinquent | 5.10% | 0.74 | 0.74 | not yet reported | $640,016 | 03-31-2021 | $871,644 | $327,954 | $543,691 | $543,691 |
| February 2022 | $26.4M | 90+ days delinquent | 5.10% | 0.58 | 0.58 | 74% | $731,471 | 06-30-2021 | $3.5M | $1.7M | $1.8M | $1.8M |
| March 2022 | $26.4M | 90+ days delinquent | 5.10% | 0.58 | 0.58 | 74% | $827,999 | 06-30-2021 | $3.5M | $1.7M | $1.8M | $1.8M |
| April 2022 | $26.4M | 90+ days delinquent | 5.10% | 0.58 | 0.58 | 74% | $555,493 | 06-30-2021 | $3.5M | $1.7M | $1.8M | $1.8M |
| May 2022 | $26.4M | 90+ days delinquent | 5.10% | not yet reported | not yet reported | not yet reported | $649,906 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2022 | $26.4M | 90+ days delinquent | 5.10% | not yet reported | not yet reported | not yet reported | $752,897 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2022 | $26.4M | 90+ days delinquent | 5.10% | not yet reported | not yet reported | not yet reported | $857,208 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2022 | $26.4M | 90+ days delinquent | 5.10% | 0.69 | 0.69 | not yet reported | $960,200 | 03-31-2022 | $864,429 | $339,934 | $524,495 | $524,495 |
| September 2022 | $26.4M | 90+ days delinquent | 5.10% | 0.69 | 0.69 | not yet reported | $1.1M | 03-31-2022 | $864,429 | $339,934 | $524,495 | $524,495 |
| October 2022 | $26.4M | 90+ days delinquent | 5.10% | 0.69 | 0.69 | not yet reported | $1.2M | 03-31-2022 | $864,429 | $339,934 | $524,495 | $524,495 |
| November 2022 | $26.4M | 90+ days delinquent | 5.10% | 0.68 | 0.68 | not yet reported | $1.3M | 06-30-2022 | $3.5M | $1.4M | $2.1M | $2.1M |
| December 2022 | $26.4M | 90+ days delinquent | 5.10% | 0.68 | 0.68 | not yet reported | $1.4M | 06-30-2022 | $3.5M | $1.4M | $2.1M | $2.1M |
| January 2023 | $26.4M | 90+ days delinquent | 5.10% | 0.68 | 0.68 | not yet reported | $1.5M | 06-30-2022 | $3.5M | $1.4M | $2.1M | $2.1M |
| February 2023 | $26.4M | 90+ days delinquent | 5.10% | 0.68 | 0.68 | not yet reported | $1.6M | 06-30-2022 | $3.5M | $1.4M | $2.1M | $2.1M |
| March 2023 | $26.4M | 90+ days delinquent | 5.10% | 0.09 | 0.17 | not yet reported | $1.7M | 09-30-2022 | $1.5M | $941,124 | $566,232 | $301,346 |
| April 2023 | $26.4M | 90+ days delinquent | 5.10% | 0.09 | 0.17 | not yet reported | $1.8M | 09-30-2022 | $1.5M | $941,124 | $566,232 | $301,346 |
| May 2023 | $26.4M | 90+ days delinquent | 5.10% | not yet reported | not yet reported | not yet reported | $1.9M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2023 | $26.4M | 90+ days delinquent | 5.10% | not yet reported | not yet reported | not yet reported | $2.0M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2023 | $26.4M | 90+ days delinquent | 5.10% | not yet reported | not yet reported | not yet reported | $2.1M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2023 | $26.4M | 90+ days delinquent | 5.10% | not yet reported | not yet reported | not yet reported | $2.2M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2023 | $26.4M | 90+ days delinquent | 5.10% | not yet reported | not yet reported | not yet reported | $2.3M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2023 | $26.4M | 90+ days delinquent | 5.10% | not yet reported | not yet reported | not yet reported | $2.4M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2023 | $26.4M | 90+ days delinquent | 5.10% | not yet reported | not yet reported | not yet reported | $2.5M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2023 | $25.5M | 90+ days delinquent | 5.10% | not yet reported | not yet reported | not yet reported | $1.9M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2024 | $26.4M | Current | 5.10% | 0.43 | 0.50 | 74% | $2.7M | 06-30-2023 | $3.1M | $1.6M | $1.5M | $1.3M |
| February 2024 | $26.2M | Current | 5.10% | 0.63 | 0.71 | 74% | $2.6M | 09-30-2023 | $3.6M | $1.4M | $2.1M | $1.9M |
| March 2024 | $26.1M | Current | 5.10% | 0.63 | 0.71 | 74% | $2.0M | 09-30-2023 | $3.6M | $1.4M | $2.1M | $1.9M |
| April 2024 | $26.1M | Current | 5.10% | 0.63 | 0.71 | 74% | $2.1M | 09-30-2023 | $3.6M | $1.4M | $2.1M | $1.9M |
| May 2024 | $26.1M | Current | 5.10% | not yet reported | not yet reported | not yet reported | $2.4M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2024 | $26.0M | Current | 5.10% | not yet reported | not yet reported | not yet reported | $2.1M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2024 | $26.0M | Current | 5.10% | not yet reported | not yet reported | not yet reported | $2.1M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2024 | $26.0M | Current | 5.10% | 0.58 | 0.66 | not yet reported | $2.1M | 03-31-2024 | $908,994 | $407,466 | $501,528 | $441,929 |
| September 2024 | $25.9M | Current | 5.10% | 0.58 | 0.66 | not yet reported | $2.1M | 03-31-2024 | $908,994 | $407,466 | $501,528 | $441,929 |
| October 2024 | $25.9M | Current | 5.10% | 0.58 | 0.66 | not yet reported | $2.1M | 03-31-2024 | $908,994 | $407,466 | $501,528 | $441,929 |
| November 2024 | $25.9M | Current | 5.10% | 0.58 | 0.66 | not yet reported | $2.2M | 06-30-2024 | $3.5M | $1.5M | $2.0M | $1.8M |
| December 2024 | $25.9M | Current | 5.10% | 0.58 | 0.66 | 75% | $2.3M | 06-30-2024 | $3.5M | $1.5M | $2.0M | $1.8M |
| January 2025 | $25.9M | Current | 5.10% | 0.58 | 0.66 | 75% | $2.3M | 06-30-2024 | $3.5M | $1.5M | $2.0M | $1.8M |
| February 2025 | $25.8M | Current | 5.10% | 0.58 | 0.66 | 75% | $2.3M | 06-30-2024 | $3.5M | $1.5M | $2.0M | $1.8M |
| March 2025 | $25.8M | Current | 5.10% | 0.58 | 0.66 | 75% | $2.2M | 06-30-2024 | $3.5M | $1.5M | $2.0M | $1.8M |
| April 2025 | $25.8M | Current | 5.10% | 0.58 | 0.66 | 75% | $2.3M | 06-30-2024 | $3.5M | $1.5M | $2.0M | $1.8M |
| May 2025 | $25.7M | Current | 5.10% | not yet reported | not yet reported | not yet reported | $2.3M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2025 | $25.7M | Current | 5.10% | not yet reported | not yet reported | not yet reported | $2.3M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2025 | $25.7M | Current | 5.10% | not yet reported | not yet reported | not yet reported | $2.3M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2025 | $25.7M | Current | 5.10% | 0.59 | 0.66 | not yet reported | $2.3M | 03-31-2025 | $931,409 | $428,043 | $503,366 | $443,766 |
| September 2025 | $25.6M | Current | 5.10% | 0.59 | 0.66 | not yet reported | $2.4M | 03-31-2025 | $931,409 | $428,043 | $503,366 | $443,766 |
| October 2025 | $25.6M | Current | 5.10% | 0.59 | 0.66 | not yet reported | $2.4M | 03-31-2025 | $931,409 | $428,043 | $503,366 | $443,766 |
| November 2025 | $25.6M | Current | 5.10% | 0.64 | 0.72 | not yet reported | $2.4M | 06-30-2025 | $3.8M | $1.6M | $2.2M | $1.9M |
| December 2025 | $25.6M | Current | 5.10% | 0.64 | 0.72 | not yet reported | $2.4M | 06-30-2025 | $3.8M | $1.6M | $2.2M | $1.9M |
| January 2026 | $25.5M | Current | 5.10% | 0.64 | 0.72 | not yet reported | $2.5M | 06-30-2025 | $3.8M | $1.6M | $2.2M | $1.9M |
| February 2026 | $25.5M | Current | 5.10% | 0.68 | 0.75 | 75% | $2.5M | 09-30-2025 | $3.7M | $1.5M | $2.3M | $2.0M |
| March 2026 | $25.5M | Current | 5.10% | 0.68 | 0.75 | 75% | $2.5M | 09-30-2025 | $3.7M | $1.5M | $2.3M | $2.0M |
| April 2026 | $25.5M | Current | 5.10% | 0.68 | 0.75 | 75% | $2.6M | 09-30-2025 | $3.7M | $1.5M | $2.3M | $2.0M |
| May 2026 | $25.5M | Current | 5.10% | not yet reported | not yet reported | not yet reported | $2.7M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2026 | $25.5M | Current | 5.10% | not yet reported | not yet reported | not yet reported | $2.7M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2026 | $25.4M | Current | 5.10% | not yet reported | not yet reported | not yet reported | $2.6M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2026 | $25.4M | Current | 5.10% | not yet reported | not yet reported | not yet reported | $2.7M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2026 | $25.4M | Current | 5.10% | not yet reported | not yet reported | not yet reported | $2.7M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
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 2020 | First reported 30 or more days delinquent |
| 2020-09-10 | Transferred to the special servicer |
| 2023-10-31 | Loan modified (rate after modification 0.00%; maturity after modification 2029-05-01; payment after modification $0) |
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-B12 Mortgage Trust; JPMCC Commercial Mortgage Securities Trust 2019-COR5.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.