UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported)

May 22, 2018

 

Benchmark 2018-B3 Commercial Mortgage Trust

(Exact name of issuing entity)

(Central Index Key number of issuing entity: 0001734103)

 

Citigroup Commercial Mortgage Securities Inc.

(Exact name of the depositor as specified in its charter)

(Central Index Key number of depositor: 0001258361)

 

German American Capital Corporation

(Central Index Key number: 0001541294)

JPMorgan Chase Bank, National Association

(Central Index Key number: 0000835271)

 

Citi Real Estate Funding Inc.

(Central Index Key number: 0001701238)

(Exact name of sponsors as specified in their charters)

 

Delaware	333-207132-17	86-1073506
(State or other jurisdiction	(Commission File Number	(IRS Employer Identification
of incorporation of depositor)	of issuing entity)	No. of depositor)

 

390 Greenwich Street
New York, New York	10013
(Address of principal executive offices of depositor)	(Zip Code of depositor)

 

Depositor’s telephone number, including area code

(212) 816-6000

 

Not Applicable

(Former name or former address, if changed since last report.)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

Item 1.01.          Entry into a Material Definitive Agreement.

On April 10, 2018 (the “Closing Date”), Benchmark 2018-B3 Commercial Mortgage Trust (the “Issuing Entity”) issued the Benchmark 2018-B3 Commercial Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2018-B3, pursuant to a Pooling and Servicing Agreement, dated as of April 1, 2018 (the “Pooling and Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer and special servicer, Park Bridge Lender Services LLC, as operating advisor and asset representations reviewer, Citibank, N.A., as certificate administrator, and Wilmington Trust, National Association, as trustee. The Pooling and Servicing Agreement was filed as Exhibit 4.1 to the Current Report on Form 8-K with respect to the Issuing Entity, dated April 10, 2018 and filed with the Securities and Exchange Commission (the “Commission”) on April 10, 2018. Capitalized terms used but not defined herein shall have the meanings assigned to them in the Pooling and Servicing Agreement.

As of the Closing Date, the Loan Combination relating to the Mortgage Loan identified on the Mortgage Loan Schedule as 315 West 36th Street (the “315 West 36th Street Loan Combination”) was required to be serviced and administered pursuant to the Pooling and Servicing Agreement.

On May 22, 2018, the Servicing Shift Lead Note relating to the 315 West 36th Street Loan Combination was contributed to the commercial mortgage securitization transaction involving the issuance of the COMM 2018-COR3 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2018-COR3 (the “COMM 2018-COR3 Certificates”). Upon the issuance of the COMM 2018-COR3 Certificates, the servicing and administration of the 315 West 36th Street Loan Combination is required to be transferred from the Pooling and Servicing Agreement to the pooling and servicing agreement governing the issuance of the COMM 2018-COR3 Certificates, dated as of May 1, 2018 (the “COMM 2018-COR3 Pooling and Servicing Agreement”), between Deutsche Mortgage & Asset Receiving Corporation, as depositor (the “COMM 2018-COR3 Depositor”), Midland Loan Services, a Division of PNC Bank, National Association, as master servicer and special servicer, Wells Fargo Bank, National Association, as trustee, certificate administrator, paying agent and custodian, and Park Bridge Lender Services LLC, as operating advisor and asset representations reviewer.

The COMM 2018-COR3 Pooling and Servicing Agreement, in the form most recently filed with the Commission by or on behalf of the COMM 2018-COR3 Depositor, is attached hereto as Exhibit 4.1.

 

Item 9.01.          Financial Statements and Exhibits.

(d)          Exhibits

Exhibit 4.1

COMM 2018-COR3 Pooling and Servicing Agreement

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the depositor has caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

Date:  May 29, 2018	CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC.
	By:	/s/ Richard Simpson
		Name: Richard Simpson
		Title:   Vice President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BMARK 2018-B3 – Form 8-K

 

 

INDEX TO EXHIBITS

Item 601(a) of Regulation S-K Exhibit No.		Description	Paper (P) or Electronic (E)
4.1		COMM 2018-COR3 Pooling and Servicing Agreement	(E)