← Benchmark 2025-V14 Mortgage Trust · Loan annex · CMBS market
- Deal
- Benchmark 2025-V14 Mortgage Trust
- Current balance
- $70.0M (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 | 500 Kendall Street (and 7 more properties) |
| Address | 500 Kendall Street; 4775-4795 Executive Drive; 180 & 200 Oyster Point Boulevard; 500 Fairview Avenue North; 4940-4980 Carroll Canyon Road & 5451-5501 Oberlin Drive; 10835 Road To The Cure; 450 Kendall Street; 10240 Science Center Drive; Cambridge, MA (and 7 more) 2142 |
| Property type | Multiple property types |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | ["2019", "2014", "2014", "2020"] |
| Original balance | $70.0M |
| Current balance | $70.0M (September 2026) |
| Share of deal balance | 7.5% |
| Interest rate at origination | 5.91% |
| Current interest rate | 5.91% |
| Origination date | 02-06-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-02-06 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | 08-05-2029 |
| Servicer | KeyBank |
| Loan servicer | not yet reported |
| Originator | German American Capital Corporation, Citi Real Estate Funding Inc. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $1.29B | not yet reported | not yet reported |
| Most recent reported | not yet reported | not yet reported | ["MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI"] |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Shire Human Genetic Therapies | not yet reported | ["01-31-2039", "12-31-2027", "03-31-2028", "02-12-2026", "11-30-2026", "09-15-2027", "03-31-2026", "09-30-2027"] |
| Redgate Real Estate Advisors, LLC | not yet reported | ["03-31-2026", "12-31-2028", "08-31-2026", "10-04-2032", "08-31-2032"] |
| Rooting For You LLC | not yet reported | ["12-31-2025", "04-30-2030", "09-30-2032", "06-26-2027", "12-19-2026"] |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| April 2025 | $70.0M | Current | 5.91% | 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 | $70.0M | Current | 5.91% | 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 | $70.0M | Current | 5.91% | 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 | $70.0M | Current | 5.91% | 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 | $70.0M | Current | 5.91% | 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 | $70.0M | Current | 5.91% | 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 | $70.0M | Current | 5.91% | 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 | $70.0M | Current | 5.91% | 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 | $70.0M | Current | 5.91% | 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 | $70.0M | Current | 5.91% | 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 | $70.0M | Current | 5.91% | 1.44 | 1.46 | 100% | $0 | 09-30-2025 | $105.1M | $30.3M | $74.8M | $73.8M |
| March 2026 | $70.0M | Current | 5.91% | 1.44 | 1.46 | 100% | $0 | 09-30-2025 | $105.1M | $30.3M | $74.8M | $73.8M |
| April 2026 | $70.0M | Current | 5.91% | 1.44 | 1.46 | 100% | $0 | 09-30-2025 | $105.1M | $30.3M | $74.8M | $73.8M |
| May 2026 | $70.0M | Current | 5.91% | 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 | $70.0M | Current | 5.91% | 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 | $70.0M | Current | 5.91% | 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 | $70.0M | Current | 5.91% | 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 | $70.0M | Current | 5.91% | 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.
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: BBCMS Mortgage Trust 2025-5C33; BBCMS Mortgage Trust 2025-5C33; BBCMS Mortgage Trust 2025-5C33; BBCMS Mortgage Trust 2025-5C33; BMO 2025-5C10 Mortgage Trust; BMO 2025-5C9 Mortgage Trust; Morgan Stanley Bank of America Merrill Lynch Trust 2025-5C1.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.