{"schema_version":"secwatch.filing_event.v1","accession":"0001539497-25-003346","form_type":"8-K","ticker":null,"cik":"0002089470","company_name":"Benchmark 2025-V18 Mortgage Trust","filed_at":"2025-12-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.590033+00:00","generated_at":"2026-05-16T12:10:52.756224+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"CFS Industrial HQ loan in Benchmark 2025-V18 placed under new Pooling and Servicing Agreement","bullets":["On Dec 23, 2025, CFS Industrial HQ Whole Loan (including trust's loan) began servicing under Benchmark 2025-V19 PS Agreement dated Dec 1, 2025.","Servicing terms of new agreement are similar in all material respects but differ in certain respects as described in prospectus.","New PS Agreement is among Citigroup Commercial Mortgage Securities, Midland Loan Services, Park Bridge, Citibank, Wilmington Savings Fund.","The CFS Industrial HQ Companion Loan (pari passu) is not part of the trust's assets."],"urls":{"canonical":"https://secwatch.observer/filing/0001539497-25-003346","json":"https://secwatch.observer/filing/0001539497-25-003346.json","markdown":"https://secwatch.observer/filing/0001539497-25-003346.md","text":"https://secwatch.observer/filing/0001539497-25-003346.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2089470/000153949725003346/0001539497-25-003346-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2089470/000153949725003346/n5335_x30-8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:10:52.756224+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9b512a29cd49c40701521bda242df7b025334251","claim":"Benchmark 2025-V18 Mortgage Trust entered into Pooling and Servicing Agreement with Trimont LLC, Torchlight Loan Services, LLC, Computershare Trust Company, National Association, Park Bridge Lender Services LLC (effective 2025-10-01).","evidence_excerpt":"On October 30, 2025, GS Mortgage Securities Corporation II (the “ Depositor ”) caused (i) the issuance of the Benchmark 2025-V18 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2025-V18 (the “ Certificates ”) and (ii) the creation of an uncertificated interest (the “ RR Interest ”) in the Issuing Entity (as defined below) representing the right to receive a specified percentage of certain amounts collected on the Mortgage Loans (as defined below), net of all expenses of the Issuing Entity, in each case pursuant to a pooling and servicing agreement, dated as of October 1, 2025 (the “ Pooling and Servicing Agreement ”), among the Depositor, as depositor, Trimont LLC, as master servicer, Torchlight Loan Services, LLC, as special servicer, Computershare Trust Company, National Association, as certificate administrator and as trustee, and Park Bridge Lender Services LLC, as operating advisor and as asset representations reviewer.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/2089470/000153949725003346/0001539497-25-003346-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Trimont LLC, Torchlight Loan Services, LLC, Computershare Trust Company, National Association, Park Bridge Lender Services LLC"},{"label":"Effective","value":"2025-10-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}