← Benchmark 2025-V13 Mortgage Trust · Loan annex · CMBS market
- Deal
- Benchmark 2025-V13 Mortgage Trust
- Current balance
- $57.9M (September 2026)
- Share of deal
- 7.5%
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2030-02-06
Property and terms
| Property | 115 Ocean Property (and 4 more properties) |
| Address | 115 Ocean Avenue; 2355 East 12th Street; 724 East 27th Street; 175 Ocean Parkway; 140 Ocean Parkway; Brooklyn, NY (and 4 more) 11225 |
| Property type | Multifamily |
| Units, beds or keys | ["98", "121", "73", "43", "54"] |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | ["2017", "2015"] |
| Original balance | $57.9M |
| Current balance | $57.9M (September 2026) |
| Share of deal balance | 7.5% |
| Interest rate at origination | 6.43% |
| Current interest rate | 6.43% |
| Origination date | 01-29-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-02-06 |
| Prepayment lockout end | 10-05-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Citi Real Estate Funding Inc. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $103.0M | 12-03-2024 | not yet reported |
| Most recent reported | not yet reported | not yet reported | ["MAI", "MAI", "MAI", "MAI", "MAI"] |
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| February 2025 | $57.9M | Matured balloon, performing | 6.43% | 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 2025 | $57.9M | Current | 6.43% | 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 2025 | $57.9M | Current | 6.43% | 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 2025 | $57.9M | Current | 6.43% | 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 2025 | $57.9M | Current | 6.43% | 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 2025 | $57.9M | Current | 6.43% | 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 |
| August 2025 | $57.9M | Current | 6.43% | 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 | $57.9M | Current | 6.43% | not yet reported | not yet reported | not yet reported | $0 | ["06-30-2025", "06-30-2025", "06-30-2025", "06-30-2025", "06-30-2025"] | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2025 | $57.9M | Current | 6.43% | not yet reported | not yet reported | not yet reported | $0 | ["06-30-2025", "06-30-2025", "06-30-2025", "06-30-2025", "06-30-2025"] | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2025 | $57.9M | Current | 6.43% | not yet reported | not yet reported | not yet reported | $0 | ["09-30-2025", "09-30-2025", "09-30-2025", "09-30-2025", "09-30-2025"] | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2025 | $57.9M | Current | 6.43% | not yet reported | not yet reported | not yet reported | $0 | ["09-30-2025", "09-30-2025", "09-30-2025", "09-30-2025", "09-30-2025"] | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2026 | $57.9M | Current | 6.43% | not yet reported | not yet reported | not yet reported | $0 | ["09-30-2025", "09-30-2025", "09-30-2025", "09-30-2025", "09-30-2025"] | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2026 | $57.9M | Current | 6.43% | not yet reported | not yet reported | not yet reported | $0 | ["09-30-2025", "09-30-2025", "09-30-2025", "09-30-2025", "09-30-2025"] | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2026 | $57.9M | Current | 6.43% | not yet reported | not yet reported | not yet reported | $0 | ["09-30-2025", "09-30-2025", "09-30-2025", "09-30-2025", "09-30-2025"] | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2026 | $57.9M | Current | 6.43% | not yet reported | not yet reported | not yet reported | $0 | ["09-30-2025", "09-30-2025", "09-30-2025", "09-30-2025", "12-31-2025"] | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2026 | $57.9M | Current | 6.43% | 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 | $57.9M | Current | 6.43% | 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 | $57.9M | Current | 6.43% | 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 |
| August 2026 | $57.9M | Current | 6.43% | 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 2026 | $57.9M | Current | 6.43% | 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 |
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.