← Benchmark 2025-V14 Mortgage Trust · Loan annex · CMBS market
- Deal
- Benchmark 2025-V14 Mortgage Trust
- Current balance
- $30.0M (September 2026)
- Share of deal
- 3.2%
- Status
- Current
- DSCR (latest)
- 1.36
- Occupancy (latest)
- 100%
- Scheduled maturity
- 2035-02-10
Property and terms
| Property | Uber HQ (and 1 more properties) |
| Address | 1655 3rd Street; 1725 3rd Street; San Francisco, CA (and 1 more) 94158 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $30.0M |
| Current balance | $30.0M (September 2026) |
| Share of deal balance | 3.2% |
| Interest rate at origination | 5.87% |
| Current interest rate | 5.87% |
| Origination date | 02-10-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2035-02-10 |
| Prepayment lockout end | 03-09-2027 |
| Yield maintenance end | 08-09-2029 |
| Servicer | Midland |
| 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 | $753.0M | 12-06-2024 | not yet reported |
| Most recent reported | not yet reported | not yet reported | ["MAI", "MAI"] |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Uber Technologies, Inc (243319) | not yet reported | ["10-31-2039", "09-30-2039"] |
| ARE -San Francisco No. 55, LLC (239612) | not yet reported | not yet reported |
| GSW Holdco (239614) | not yet reported | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| April 2025 | $30.0M | Current | 5.87% | 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 | $30.0M | Current | 5.87% | 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 | $30.0M | Current | 5.87% | 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 | $30.0M | Current | 5.87% | 1.66 | 1.66 | 100% | $0 | 03-31-2025 | $16.7M | $3.1M | $13.6M | $13.5M |
| August 2025 | $30.0M | Current | 5.87% | 1.66 | 1.66 | 100% | $0 | 03-31-2025 | $16.7M | $3.1M | $13.6M | $13.5M |
| September 2025 | $30.0M | Current | 5.87% | 1.66 | 1.66 | 100% | $0 | 03-31-2025 | $16.7M | $3.1M | $13.6M | $13.5M |
| October 2025 | $30.0M | Current | 5.87% | 1.40 | 1.41 | 100% | $0 | 06-30-2025 | $67.2M | $24.6M | $42.6M | $42.5M |
| November 2025 | $30.0M | Current | 5.87% | 1.40 | 1.41 | 100% | $0 | 06-30-2025 | $67.2M | $24.6M | $42.6M | $42.5M |
| December 2025 | $30.0M | Current | 5.87% | 1.40 | 1.41 | 100% | $0 | 06-30-2025 | $67.2M | $24.6M | $42.6M | $42.5M |
| January 2026 | $30.0M | Current | 5.87% | 1.33 | 1.33 | 100% | $0 | 09-30-2025 | $67.4M | $24.7M | $42.7M | $42.6M |
| February 2026 | $30.0M | Current | 5.87% | 1.33 | 1.33 | 100% | $0 | 09-30-2025 | $67.4M | $24.7M | $42.7M | $42.6M |
| March 2026 | $30.0M | Current | 5.87% | 1.33 | 1.33 | 100% | $0 | 09-30-2025 | $67.4M | $24.7M | $42.7M | $42.6M |
| April 2026 | $30.0M | Current | 5.87% | 1.49 | 1.50 | 100% | $0 | 12-31-2025 | $74.7M | $26.6M | $48.1M | $48.0M |
| May 2026 | $30.0M | Current | 5.87% | 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 | $30.0M | Current | 5.87% | 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 | $30.0M | Current | 5.87% | 1.37 | 1.37 | not yet reported | $0 | 03-31-2026 | $17.7M | $6.6M | $11.1M | $11.0M |
| August 2026 | $30.0M | Current | 5.87% | 1.37 | 1.37 | not yet reported | $0 | 03-31-2026 | $17.7M | $6.6M | $11.1M | $11.0M |
| September 2026 | $30.0M | Current | 5.87% | 1.36 | 1.36 | 100% | $0 | 06-30-2026 | $71.5M | $27.1M | $44.3M | $44.2M |
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.