Benchmark 2025-V16 closes $624M CMBS securitization; CREFI retains 1.84% vertical interest

Benchmark 2025-V16 Mortgage Trust

Public certificates: $551M, private offered certificates: $62M; net proceeds $632M used to purchase mortgage loans.
Credit risk retention: CREFI retained $11.5M Class VRR vertical interest (1.84% of total principal balance).
Third-party purchaser CMBS 4 Sub 8, LLC bought $42.2M horizontal residual interest (Class E/F/G-RR).
Underwriters include CGMI, DBSI, GS&Co., BCI, BMO Capital Markets, Bancroft, Drexel.

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