← Benchmark 2025-V17 Mortgage Trust · Loan annex · CMBS market
- Deal
- Benchmark 2025-V17 Mortgage Trust
- Current balance
- $50.5M (September 2026)
- Share of deal
- 8.0%
- Status
- Matured balloon, non-performing
- DSCR (latest)
- 1.14
- Occupancy (latest)
- 93%
- Scheduled maturity
- 2030-06-06
Property and terms
| Property | Providence at Heights & Legacy at Westchase |
| Address | Houston, TX |
| Property type | Multifamily |
| Units, beds or keys | 520 |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $50.5M |
| Current balance | $50.5M (September 2026) |
| Share of deal balance | 8.0% |
| Interest rate at origination | 6.36% |
| Current interest rate | 6.36% |
| Origination date | 05-16-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-06-06 |
| Prepayment lockout end | 07-05-2026 |
| Yield maintenance end | 03-05-2030 |
| Servicer | not yet reported |
| Loan servicer | not yet reported |
| Originator | Deutsche Bank AG, acting through its New York Branch |
| Current status | Matured balloon, non-performing |
| Specially serviced now | Yes |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $74.0M | 04-18-2025 | not yet reported |
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| September 2025 | $50.5M | Current | 6.36% | 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 | $50.5M | Current | 6.36% | 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 | $50.5M | Current | 6.36% | 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 | $50.5M | Current | 6.36% | 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 | $50.5M | Current | 6.36% | 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 | $50.5M | Current | 6.36% | 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 | $50.5M | Current | 6.36% | 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 | $50.5M | Current | 6.36% | 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 | $50.5M | Current | 6.36% | 1.02 | 1.06 | 92% | $0 | 12-31-2025 | $6.5M | $3.1M | $3.5M | $3.3M |
| June 2026 | $50.5M | Current | 6.36% | 1.14 | 1.18 | 93% | $0 | 03-31-2026 | $7.0M | $3.1M | $3.8M | $3.7M |
| July 2026 | $50.5M | Current | 6.36% | 1.14 | 1.18 | 93% | $0 | 03-31-2026 | $7.0M | $3.1M | $3.8M | $3.7M |
| August 2026 | $50.5M | Current | 6.36% | 1.14 | 1.18 | 93% | $0 | 03-31-2026 | $7.0M | $3.1M | $3.8M | $3.7M |
| September 2026 | $50.5M | Matured balloon, non-performing | 6.36% | 1.14 | 1.18 | 93% | $276,463 | 03-31-2026 | $7.0M | $3.1M | $3.8M | $3.7M |
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 |
|---|---|
| 2026-07-09 | Transferred to the special servicer |
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: Benchmark 2021-B26 Mortgage Trust (segment D03, CIK 1858289).
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.