other_material
confidence high
sentiment neutral
materiality 0.40
Special servicer replaced for 650 Madison Ave loan, ~5% of trust assets
Benchmark 2020-B16 Mortgage Trust
- 3650 REIT Loan Servicing LLC removed as special servicer of 650 Madison Ave mortgage loan.
- Green Loan Services LLC appointed successor special servicer effective September 5, 2025.
- Loan constitutes approximately 5.0% of the issuing entity's asset pool as of cut-off date.
- Change made pursuant to Section 7.1(d) of the MAD 2019-650M TSA.
item 8.01