← Benchmark 2025-B41 Mortgage Trust · Loan annex · CMBS market
- Deal
- Benchmark 2025-B41 Mortgage Trust
- Current balance
- $40.0M (September 2026)
- Share of deal
- 6.4%
- Status
- Current
- DSCR (latest)
- 2.18
- Occupancy (latest)
- 100%
- Scheduled maturity
- 2035-08-06
Property and terms
| Property | Ballantyne Tower |
| Address | 13320 Ballantyne Corporate Place; Charlotte, NC 28277 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 260,958 |
| Year built | 2011 |
| Year last renovated | 2024 |
| Original balance | $40.0M |
| Current balance | $40.0M (September 2026) |
| Share of deal balance | 6.4% |
| Interest rate at origination | 6.94% |
| Current interest rate | 6.94% |
| Origination date | 07-10-2025 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2035-08-06 |
| Prepayment lockout end | 08-05-2027 |
| Yield maintenance end | 02-05-2035 |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Goldman Sachs Bank USA |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $71.8M | 06-17-2025 | MAI |
| Most recent reported | $71.8M | 2025-06-17 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Sirona Dental Inc. | 142,625 | 03-31-2032 |
| Columbus McKinnon Corporation | 55,300 | 06-30-2036 |
| Ballantyne Amenity Spaces | 33,223 | not yet reported |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| August 2025 | $40.0M | Matured balloon, performing | 6.94% | 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 |
| September 2025 | $40.0M | Current | 6.94% | 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 |
| October 2025 | $40.0M | Current | 6.94% | 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 |
| November 2025 | $40.0M | Current | 6.94% | 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 |
| December 2025 | $40.0M | Current | 6.94% | 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 |
| January 2026 | $40.0M | Current | 6.94% | 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 |
| February 2026 | $40.0M | Current | 6.94% | 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 |
| March 2026 | $40.0M | Current | 6.94% | 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 |
| April 2026 | $40.0M | Current | 6.94% | 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 2026 | $40.0M | Current | 6.94% | 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 |
| June 2026 | $40.0M | Current | 6.94% | 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 2026 | $40.0M | Current | 6.94% | 2.31 | 2.41 | 100% | $0 | 03-31-2026 | $2.6M | $858,830 | $1.7M | $1.6M |
| August 2026 | $40.0M | Current | 6.94% | 2.31 | 2.41 | 100% | $0 | 03-31-2026 | $2.6M | $858,830 | $1.7M | $1.6M |
| September 2026 | $40.0M | Current | 6.94% | 2.18 | 2.28 | 100% | $0 | 06-30-2026 | $10.0M | $3.6M | $6.4M | $6.1M |
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.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.