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EX-4.1 - CGCMT 2018-C6 POOLING AND SERVICING AGREEMENT - Benchmark 2018-B7 Mortgage Trustexh4_1cgcmtc6psa.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

 

December 12, 2018

 

Date of Report (Date of Earliest Event Reported)

 

Central Index Key Number of the issuing entity: 0001757018
Benchmark 2018-B7 Mortgage Trust

 

(Exact name of issuing entity)

 

Central Index Key Number of the sponsor: 0001541294
German American Capital Corporation

 

(Exact name of sponsor as specified in its charter)

 

Central Index Key Number of the sponsor: 0001701238
Citi Real Estate Funding Inc.
(Exact name of sponsor as specified in its charter)

 

Central Index Key Number of the sponsor: 0000835271
JPMorgan Chase Bank, National Association

 

(Exact name of sponsor as specified in its charter)

 

Central Index Key Number of the registrant: 0001013454

Deutsche Mortgage & Asset Receiving Corporation

 

(Exact name of registrant as specified in its charter)

 

Delaware   333-226943-01   04-3310019
(State or other jurisdiction   (Commission   (I.R.S. Employer
 of incorporation of registrant)   File Number of issuing entity)   Identification No. of registrant)

 

60 Wall Street

New York, New York

(Address of principal executive offices of registrant)

 

(212) 250-2500

Registrant’s telephone number, including area code

 

Former name or former address, if changed since last report: Not Applicable

 

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:

 

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

 

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

 

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

 

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


   

 

 

Item 1.01. Entry into a Material Definitive Agreement

On November 28, 2018, Deutsche Mortgage & Asset Receiving Corporation (the “Depositor”) caused the issuance, pursuant to a Pooling and Servicing Agreement, dated as of November 1, 2018 and as to which an executed version is attached hereto as Exhibit 4.1 (the “Pooling and Servicing Agreement”), among the Depositor, as depositor (the “Registrant”), KeyBank National Association, as master servicer, LNR Partners, LLC, as special servicer, Wells Fargo Bank, National Association, as trustee, Wells Fargo Bank, National Association, as certificate administrator, paying agent and custodian, and Park Bridge Lender Services LLC, as operating advisor and asset representations reviewer, of Benchmark 2018-B7 Mortgage Trust Commercial Mortgage Pass-Through Certificates (the “Certificates”). The Certificates represent, in the aggregate, the entire beneficial ownership in Benchmark 2018-B7 Mortgage Trust (the “Issuing Entity”), a common law trust fund formed under the laws of the State of New York pursuant to the Pooling and Servicing Agreement. The assets of the Issuing Entity consist primarily of 51 fixed-rate mortgage loans (the “Mortgage Loans”) secured by first liens on 227 commercial and multifamily properties.

The Mortgage Loan identified as “Phoenix Marriott Tempe at the Buttes” on Exhibit B to the Pooling and Servicing Agreement (the “Phoenix Marriott Tempe at the Buttes Mortgage Loan”), which is an asset of the Issuing Entity, is part of a whole loan (the “Phoenix Marriott Tempe at the Buttes Whole Loan”) that includes such Mortgage Loan and one or more pari passu companion loans that is not an asset of the Issuing Entity. The Phoenix Marriott Tempe at the Buttes Whole Loan is being serviced and administered pursuant to a pooling and servicing agreement, dated as of December 1, 2018 and as to which an executed version is attached hereto as Exhibit 4.1 (the “CGCMT 2018-C6 Pooling and Servicing Agreement”), by and among Citigroup Commercial Mortgage Securities Inc., as depositor, Wells Fargo Bank, National Association, as master servicer, Midland Loan Services, a Division of PNC Bank, National Association, as 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, relating to the CGCMT 2018-C6 securitization transaction into which the related controlling companion loan is deposited.

The terms and conditions of the CGCMT 2018-C6 Pooling and Servicing Agreement applicable to the servicing of the Phoenix Marriott Tempe at the Buttes Mortgage Loan are substantially similar to the terms and conditions of the Pooling and Servicing Agreement applicable to the servicing of the other Mortgage Loans, as described under “Pooling and Servicing Agreement” in the prospectus filed by the Issuing Entity pursuant to Rule 424(b)(2) with respect to the Certificates on November 28, 2018. However, there are no risk retention consultation parties under the CGCMT 2018-C6 Pooling and Servicing Agreement.

 

   

 

Item 9.01.Financial Statements and Exhibits.

(d)       Exhibits

Exhibit 4.1 Pooling and Servicing Agreement, dated as of December 1, 2018, among Citigroup Commercial Mortgage Securities Inc., as depositor, Wells Fargo Bank, National Association, as master servicer, Midland Loan Services, a Division of PNC Bank, National Association, as 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.

 

   

 

 

SIGNATURES

 

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

 

     
 

DEUTSCHE MORTGAGE & ASSET RECEIVING CORPORATION

  (Registrant)  
Date:  December 12, 2018    
  By: /s/ Helaine Kaplan  
    Name: Helaine Kaplan    
    Title: President (senior officer in charge of securitization of the depositor)    
       
       
  By: /s/ Natalie Grainger  
    Name: Natalie Grainger    
    Title: Director