Benchmark 2025-B41 CMBS closes with $546.9M public, $59.9M private certificates

Benchmark 2025-B41 Mortgage Trust

Total certificates issued: Public $546,865,000, Private $59,921,114, backed by 43 fixed-rate loans on 55 commercial/multifamily properties.
Net proceeds to depositor approx. $634,379,328 after expenses of $4,769,154 (incl. underwriting and legal fees).
Goldman Sachs Mortgage Co. retains vertical interest (3.850%); BREC Securities holds horizontal residual interest (1.204%) to meet 5% risk retention.
No material differences in valuation methodology or key inputs vs. preliminary prospectus dated Aug 8, 2025.
Closing date Sep 4, 2025; legal opinions on validity and tax from Cadwalader, Wickersham & Taft LLP attached as exhibits.

item 8.01item 9.01

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