← Benchmark 2026-V20 Mortgage Trust · Loan annex · CMBS market
- Deal
- Benchmark 2026-V20 Mortgage Trust
- Current balance
- $37.8M (September 2026)
- Share of deal
- 4.3%
- Status
- Current
- DSCR (latest)
- 1.71
- Occupancy (latest)
- 100%
- Scheduled maturity
- 2030-12-06
Property and terms
| Property | Amazon LAX |
| Address | 9785 S Bellanca Avenue; Los Angeles, CA 90045 |
| Property type | Industrial |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 703,728 |
| Year built | 2025 |
| Year last renovated | not yet reported |
| Original balance | $37.8M |
| Current balance | $37.8M (September 2026) |
| Share of deal balance | 4.3% |
| Interest rate at origination | 5.51% |
| Current interest rate | 5.51% |
| Origination date | 11-07-2025 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2030-12-06 |
| Prepayment lockout end | 06-05-2030 |
| Yield maintenance end | not yet reported |
| 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 | $216.2M | 09-10-2025 | MAI |
| Most recent reported | $216.2M | 2025-09-10 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Amazon.com Services LLC | 141,360 | 05-31-2039 |
| New Cingular Wireless PCS, LLC | 840 | 07-31-2026 |
| Los Angeles SMSA Limited Partnership | 613 | 09-30-2039 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| February 2026 | $37.8M | Current | 5.51% | 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 | $37.8M | Current | 5.51% | 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 | $37.8M | Current | 5.51% | 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 | $37.8M | Current | 5.51% | 1.71 | 1.73 | 100% | $0 | 03-31-2026 | $3.4M | $557,069 | $2.8M | $2.8M |
| June 2026 | $37.8M | Current | 5.51% | 1.71 | 1.73 | 100% | $0 | 03-31-2026 | $3.4M | $557,069 | $2.8M | $2.8M |
| July 2026 | $37.8M | Current | 5.51% | 1.71 | 1.73 | 100% | $0 | 03-31-2026 | $3.4M | $557,069 | $2.8M | $2.8M |
| August 2026 | $37.8M | Current | 5.51% | 1.71 | 1.73 | 100% | $0 | 03-31-2026 | $3.4M | $557,069 | $2.8M | $2.8M |
| September 2026 | $37.8M | Current | 5.51% | 1.71 | 1.73 | 100% | $0 | 03-31-2026 | $3.4M | $557,069 | $2.8M | $2.8M |
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 2026-5C40; Benchmark 2025-V19 Mortgage Trust.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.