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United States. Securities and Exchange Commission

JPMorgan Chase Bank Files Form 8-K with Securities and Exchange Commission

Strategic Insights

— 1 min read

JPMorgan Chase Bank, National Association, has notified the Securities and Exchange Commission of a change in the special servicer of the Lehigh Valley Mall Mortgage Loan, which constitutes approximately 2.1% of the asset pool of the issuing entity. The loan is part of a loan combination being serviced and administered under the pooling and servicing agreement for the Benchmark 2018-B1 Mortgage Trust. The Lehigh Valley Mall Mortgage Loan will now be specially serviced, if necessary, by LNR Partners, LLC, effective July 14, 2021.

Key Takeaways:

  • JPMorgan Chase Bank, National Association, filed a Current Report on Form 8-K with the Securities and Exchange Commission on July 14, 2021.
  • The report announces a change in the special servicer of the Lehigh Valley Mall Mortgage Loan, which constitutes approximately 2.1% of the asset pool of the issuing entity.
  • The loan is part of the Benchmark 2018-B1 Mortgage Trust and is now being serviced by LNR Partners, LLC.
  • The Lehigh Valley Mall Mortgage Loan will be specially serviced by LNR, if necessary, under the Benchmark 2018-B1 Pooling and Servicing Agreement.
  • LNR Partners, LLC, will now be responsible for managing the loan, with its principal executive offices located at 1601 Washington Avenue, Suite 700, Miami Beach, Florida 33139, and a telephone number of (305) 695-5600.

Statistics:

  • The Lehigh Valley Mall Mortgage Loan constitutes approximately 2.1% of the asset pool of the issuing entity.
  • The loan is part of the Benchmark 2018-B1 Mortgage Trust.
  • LNR Partners, LLC, is the new special servicer of the Lehigh Valley Mall Mortgage Loan, effective July 14, 2021.
  • The Benchmark 2018-B1 PSA is dated January 1, 2018, and was filed as Exhibit 4.3 to the registrant's Current Report on Form 8-K filed on June 15, 2018.

Sources:

  • 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
  • JPMDB Commercial Mortgage Securities Trust 2018-C8 (Exact name of issuing entity)
  • J.P. Morgan Chase Commercial Mortgage Securities Corp. (Exact name of registrant as specified in its charter)
  • LNR Partners, LLC ("LNR"), a Florida limited liability company.

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