other_material
confidence high
sentiment neutral
materiality 0.60
Late payoff of 180 Water Mortgage Loan triggers $44.5M extra distribution to CMBS holders
Benchmark 2019-B14 Mortgage Trust
- Master Servicer notified Sept 4, 2025 of funds from late payoff of 180 Water Mortgage Loan (Loan #5).
- Additional principal: Class A-2 $41.44M, Class A-SB $1.92M, VRR Interest $1.11M.
- Additional interest: Class F-RR $74.86k, VRR Interest $1.92k.
- Payments made on Sept 4, 2025 to impacted certificateholders after initial Aug 15 distribution.
- Late payoff caused supplemental distribution to correct prior failure to distribute.
item 6.04