Benchmark 2019-B9 Mortgage Trust (segment D02, CIK 1764759)
Current balance
$11.5M (January 2022)
Share of deal
1.3%
Status
Matured balloon, non-performing
DSCR (latest)
1.39
Occupancy (latest)
68%
Scheduled maturity
2029-01-01
Property and terms
Property
Loan 29
Address
Flowood, MS
Property type
Lodging
Units, beds or keys
112
Net rentable square feet
not yet reported
Year built
2015
Year last renovated
not yet reported
Original balance
$12.0M
Current balance
$11.5M (January 2022)
Share of deal balance
1.3%
Interest rate at origination
5.25%
Current interest rate
5.25%
Origination date
12-20-2018
Original term
120 months
Amortization term
360 months
Interest-only period
not yet reported
Scheduled maturity
2029-01-01
Prepayment lockout end
02-28-2021
Yield maintenance end
10-31-2028
Servicer
Wells Fargo Bank, NA
Loan servicer
not yet reported
Originator
JPMorgan Chase Bank, National Association
Current status
Matured balloon, non-performing
Specially serviced now
No
Defeased
No
Valuation
Basis
Amount
Date
Source (as filed)
At securitization
$18.0M
11-01-2018
MAI
Monthly history
Month
Balance
Status
Rate
DSCR (NCF)
DSCR (NOI)
Occupancy
Advances
Financial period end
Revenue
Expenses
NOI
NCF
November 2020
$11.7M
Matured balloon, non-performing
5.25%
0.46
0.56
40%
$0
06-30-2020
$1.1M
$848,043
$223,874
$180,997
December 2020
$11.7M
Matured balloon, non-performing
5.25%
0.46
0.56
40%
$0
06-30-2020
$1.1M
$848,043
$223,874
$180,997
February 2021
$11.7M
Matured balloon, non-performing
5.25%
0.46
0.56
40%
$0
06-30-2020
$1.1M
$848,043
$223,874
$180,997
April 2021
$11.6M
Matured balloon, non-performing
5.25%
0.56
0.67
44%
$0
12-31-2020
$2.2M
$1.6M
$533,232
$446,480
July 2021
$11.6M
Matured balloon, non-performing
5.25%
0.56
0.67
44%
$0
12-31-2020
$2.2M
$1.6M
$533,232
$446,480
August 2021
$11.6M
Matured balloon, non-performing
5.25%
1.33
1.49
65%
$0
06-30-2021
$1.6M
$965,554
$590,551
$528,307
October 2021
$11.6M
Matured balloon, non-performing
5.25%
1.33
1.49
65%
$0
06-30-2021
$1.6M
$965,554
$590,551
$528,307
November 2021
$11.5M
Matured balloon, non-performing
5.25%
1.33
1.49
65%
$0
06-30-2021
$1.6M
$965,554
$590,551
$528,307
January 2022
$11.5M
Matured balloon, non-performing
5.25%
1.39
1.56
68%
$0
09-30-2021
$2.5M
$1.6M
$932,531
$831,939
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
2020-05-01
Loan modified (maturity after modification 2029-01-01)
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.