Benchmark 2019-B9 Mortgage Trust (segment D02, CIK 1764759)
Current balance
$11.4M (January 2022)
Share of deal
1.3%
Status
Matured balloon, non-performing
DSCR (latest)
1.53
Occupancy (latest)
100%
Scheduled maturity
2023-12-01
Property and terms
Property
Loan 32
Address
New York, NY
Property type
Retail
Units, beds or keys
not yet reported
Net rentable square feet
not yet reported
Year built
1920
Year last renovated
2018
Original balance
$11.4M
Current balance
$11.4M (January 2022)
Share of deal balance
1.3%
Interest rate at origination
5.35%
Current interest rate
5.35%
Origination date
11-29-2018
Original term
60 months
Amortization term
not yet reported
Interest-only period
60 months
Scheduled maturity
2023-12-01
Prepayment lockout end
01-31-2021
Yield maintenance end
06-30-2023
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
$14.8M
08-15-2018
MAI
Largest tenants
Tenant
Square feet
Lease expiration
BIRKENSTOCK
2,306
11-30-2027
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
November 2020
$11.4M
Matured balloon, non-performing
5.35%
1.67
1.67
100%
$0
06-30-2020
$615,461
$97,903
$517,558
$516,233
December 2020
$11.4M
Matured balloon, non-performing
5.35%
1.67
1.67
100%
$0
06-30-2020
$615,461
$97,903
$517,558
$516,233
February 2021
$11.4M
Matured balloon, non-performing
5.35%
1.67
1.67
100%
$0
06-30-2020
$615,461
$97,903
$517,558
$516,233
April 2021
$11.4M
Matured balloon, non-performing
5.35%
1.20
1.21
100%
$0
12-31-2020
$923,192
$174,589
$748,603
$745,951
July 2021
$11.4M
Matured balloon, non-performing
5.35%
1.20
1.21
100%
$0
12-31-2020
$923,192
$174,589
$748,603
$745,951
August 2021
$11.4M
Matured balloon, non-performing
5.35%
1.20
1.21
100%
$0
12-31-2020
$923,192
$174,589
$748,603
$745,951
October 2021
$11.4M
Matured balloon, non-performing
5.35%
1.53
1.54
100%
$0
06-30-2021
$590,057
$116,003
$474,054
$472,727
November 2021
$11.4M
Matured balloon, non-performing
5.35%
1.53
1.54
100%
$0
06-30-2021
$590,057
$116,003
$474,054
$472,727
January 2022
$11.4M
Matured balloon, non-performing
5.35%
1.53
1.54
100%
$0
06-30-2021
$590,057
$116,003
$474,054
$472,727
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
2023-12-01
Scheduled maturity passed; the loan is still reported, with status Matured balloon, non-performing in January 2022
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.