Attached files
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EX-4.1 - BMARK 2018-B4 POOLING AND SERVICING AGREEMENT - CITIGROUP COMMERCIAL MORTGAGE TRUST 2018-C5 | exh4-1_bmarkb4psa.htm |
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) July 13, 2018
Citigroup Commercial Mortgage Trust 2018-C5
(Exact name of issuing entity)
(Central Index Key number of issuing entity: 0001740450)
Citigroup Commercial Mortgage Securities Inc.
(Exact name of the depositor as specified in its charter)
(Central Index Key number of depositor: 0001258361)
Citi Real Estate Funding Inc.
(Central Index Key number: 0001701238)
Rialto Mortgage Finance, LLC
(Central Index Key number: 0001592182)
Cantor Commercial Real Estate Lending, L.P.
(Central Index Key number 0001558761)
Ladder Capital Finance LLC
(Central Index Key number 0001541468)
(Exact name of sponsors as specified in their charters)
Delaware | 333-207132-18 | 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 June 21, 2018 (the “Closing Date”), Citigroup Commercial Mortgage Trust 2018-C5 (the “Issuing Entity”) issued the Citigroup Commercial Mortgage Trust 2018-C5, Commercial Mortgage Pass-Through Certificates, Series 2018-C5, pursuant to a Pooling and Servicing Agreement, dated as of June 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, KeyBank National Association, as special servicer, Pentalpha Surveillance 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 June 21, 2018 and filed with the Securities and Exchange Commission (the “Commission”) on June 21, 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 636 11th Avenue (the “636 11th Avenue Loan Combination”) was required to be serviced and administered pursuant to the Pooling and Servicing Agreement.
On July 13, 2018, the Servicing Shift Lead Note relating to the 636 11th Avenue Loan Combination was contributed to the commercial mortgage securitization transaction involving the issuance of the Benchmark 2018-B4 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2018-B4 (the “BMARK 2018-B4 Certificates”). Upon the issuance of the BMARK 2018-B4 Certificates, the servicing and administration of the 636 11th Avenue Loan Combination is required to be transferred from the Pooling and Servicing Agreement to the pooling and servicing agreement governing the issuance of the BMARK 2018-B4 Certificates, dated as of July 1, 2018 (the “BMARK 2018-B4 Pooling and Servicing Agreement”), between Deutsche Mortgage & Asset Receiving Corporation, as depositor (the “BMARK 2018-B4 Depositor”), Wells Fargo Bank, National Association, as master servicer, CWCapital Asset Management LLC, as special servicer, Wells Fargo Bank, National Association, as certificate administrator, paying agent and custodian, Wilmington Trust, National Association, as trustee, and Park Bridge Lender Services LLC, as operating advisor and asset representations reviewer.
The BMARK 2018-B4 Pooling and Servicing Agreement, in the form most recently filed with the Commission by or on behalf of the BMARK 2018-B4 Depositor, is attached hereto as Exhibit 4.1.
Item 9.01. | Financial Statements and Exhibits. |
(d) | Exhibits |
Exhibit 4.1 | BMARK 2018-B4 Pooling and Servicing Agreement |
INDEX TO EXHIBITS
Item 601(a) of Regulation S-K Exhibit No. |
Description | Paper (P) or Electronic (E) | |
4.1 | BMARK 2018-B4 Pooling and Servicing Agreement | (E) |
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: July 19, 2018 | CITIGROUP COMMERCIAL MORTGAGE | |||
SECURITIES INC. | ||||
By: | /s/ Richard Simpson | |||
Name: Richard Simpson | ||||
Title: President | ||||