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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/26/24 Benchmark 2018-B3 Com’l Mtge Tr 10-D 4/12/24 4:1.7M Citibank NA - Cit… Tr/FA |
Document/Exhibit Description Pages Size
1: 10-D Distribution Report by an Issuer of Asset-Backed HTML 42K
Securities
2: EX-102.ABS-CMBS Asset Data - Commercial Mortgages -- HTML 380K
ex102.xml
3: EX-103 Asset Data-Related Info -- ex103.xml HTML 17K
4: EX-99.1 Miscellaneous Exhibit HTML 1.29M
| Form 10-D |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-D
ASSET-BACKED ISSUER
DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the monthly distribution period from:
March 13, 2024 to April 12, 2024
Commission File Number of issuing entity: 333-207132-17
Central Index Key Number of issuing entity: 0001734103
Benchmark 2018-B3 Commercial Mortgage Trust
(Exact name of issuing entity as specified in its charter)
Commission File Number of depositor: 333-207132
Central Index Key Number of depositor: 0001258361
Citigroup Commercial Mortgage Securities Inc.
(Exact name of depositor as specified in its charter)
German American Capital Corporation
(Central Index Key Number: 0001541294)
JPMorgan Chase Bank, National Association
(Central Index Key Number: 0000835271)
Citi Real Estate Funding Inc.
(Central Index Key Number: 0001701238)
(Exact names of sponsors as specified in their respective charters)
Richard Simpson (212) 816-5343
(Name and telephone number, including area code, of the person to contact in connection with this filing)
New York
(State or other jurisdiction of incorporation or organization of the issuing entity)
82-5155939
82-5171433
82-7066608
(I.R.S. Employer Identification No.)
| c/o Citibank, N.A. 388 Greenwich Street, 14th Floor |
10013 | |
| (Address of principal executive offices of the issuing entity) | (Zip Code) |
(212) 816-5693
(Telephone number, including area code)
| Title of class |
Registered/reporting pursuant to (check one) |
Name of exchange (If Section 12(b)) | ||||||
| Section 12(b) |
Section 12(g) |
Section 15(d) |
||||||
| A-1 |
☐ | ☐ | ☒ | Not Applicable | ||||
| A-2 |
☐ | ☐ | ☒ | Not Applicable | ||||
| A-3 |
☐ | ☐ | ☒ | Not Applicable | ||||
| A-4 |
☐ | ☐ | ☒ | Not Applicable | ||||
| A-5 |
☐ | ☐ | ☒ | Not Applicable | ||||
| A-AB |
☐ | ☐ | ☒ | Not Applicable | ||||
| X-A |
☐ | ☐ | ☒ | Not Applicable | ||||
| X-B |
☐ | ☐ | ☒ | Not Applicable | ||||
| A-S |
☐ | ☐ | ☒ | Not Applicable | ||||
| B |
☐ | ☐ | ☒ | Not Applicable | ||||
| C |
☐ | ☐ | ☒ | Not Applicable | ||||
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
PART I – DISTRIBUTION INFORMATION
Item 1. Distribution and Pool Performance Information.
On April 12, 2024, a distribution was made to holders of the certificates issued by Benchmark 2018-B3 Commercial Mortgage Trust.
The distribution report is attached as Exhibit 99.1 to this Form 10-D.
No assets securitized by Citigroup Commercial Mortgage Securities Inc. (the “Depositor”) and held by Benchmark 2018-B3 Commercial Mortgage Trust were the subject of a demand to repurchase or replace for breach of the representations and warranties contained in the underlying transaction documents during the monthly distribution period covered by this distribution report on Form 10-D.
The Depositor most recently filed a Form ABS-15G under Rule 15Ga-1 under the Securities Exchange Act of 1934 (“Rule 15Ga-1”) on February 9, 2024. The CIK number of the Depositor is 0001258361.
German American Capital Corporation (“GACC”), one of the sponsors, most recently filed a Form ABS-15G under Rule 15Ga-1 on February 12, 2024. The CIK number of GACC is 0001541294.
JPMorgan Chase Bank, National Association (“JPMorgan”), one of the sponsors, most recently filed a Form ABS-15G/A under Rule 15Ga-1 on February 9, 2024. The CIK number of JPMorgan is 0000835271.
Citi Real Estate Funding Inc. (“CREFI”), one of the sponsors, most recently filed a Form ABS-15G under Rule 15Ga-1 on February 9, 2024. The CIK number of CREFI is 0001701238.
Item 1A. Asset-Level Information.
See the Asset Data File and the asset related document filed as Exhibit 102 and Exhibit 103, respectively, to the registrant’s Form ABS-EE filed on April 26, 2024 under Commission File No. 333-207132-17 and incorporated by reference herein.
Item 1B. Asset Representations Reviewer and Investor Communication.
Not applicable
PART II – OTHER INFORMATION
Item 2. Legal Proceedings.No information to report for the monthly distribution period covered by this distribution report on Form 10-D.
Item 3. Sales of Securities and Use of Proceeds.
None
Item 4. Defaults Upon Senior Securities.
None
Item 5. Submission of Matters to a Vote of Security Holders.
None
Item 6. Significant Obligors of Pool Assets.
With respect to the pool assets for Benchmark 2018-B3 Commercial Mortgage Trust, there are no significant obligors within the meaning of Item 1101(k) of Regulation AB.
Item 7. Change in Sponsor Interest in Securities.
None
Item 8. Significant Enhancement Provider Information.
None
Item 9. Other Information.
Midland Loan Services, a Division of PNC Bank, National Association, in its capacity as Master Servicer for Benchmark 2018-B3 Commercial Mortgage Trust, affirms the following amounts in the respective accounts:
| Certifcate Account Balance |
||||
| Prior Distribution Date: |
03/12/2024 |
$13,706.89 | ||
| Current Distribution Date: |
04/12/2024 |
$18,486,618.79 | ||
| *REO Account Balance |
||||
| Prior Distribution Date: |
03/12/2024 |
$0.00 | ||
| Current Distribution Date: |
04/12/2024 |
$0.00 | ||
| *As provided by the Special Servicer |
||||
Citibank, N.A., in its capacity as Certificate Administrator for Benchmark 2018-B3 Commercial Mortgage Trust, affirms the following amounts in the respective accounts:
| Distribution Account Balance |
||||
| Prior Distribution Date: |
03/12/2024 |
$0.00 | ||
| Current Distribution Date: |
04/12/2024 |
$0.00 | ||
| Interest Reserve Account Balance |
||||
| Prior Distribution Date: |
03/12/2024 |
$0.00 | ||
| Current Distribution Date: |
04/12/2024 |
$0.00 | ||
| Excess Interest Distribution Account Balance |
||||
| Prior Distribution Date: |
03/12/2024 |
$0.00 | ||
| Current Distribution Date: |
04/12/2024 |
$0.00 | ||
| Excess Liquidation Proceeds Reserve Account Balance |
||||
| Prior Distribution Date: |
03/12/2024 |
$0.00 | ||
| Current Distribution Date: |
04/12/2024 |
$0.00 | ||
Item 10. Exhibits.
(a) The following is a list of documents filed as part of this Form 10-D:
(99.1): Monthly report distributed to holders of the certificates issued by Benchmark 2018-B3 Commercial Mortgage Trust, relating to the April 12, 2024 distribution.
(102): Asset Data File (filed as Exhibit 102 to the registrant’s Form ABS-EE filed on April 26, 2024 under Commission File No. 333-207132-17 and incorporated by reference herein).
(103): Asset related document (filed as Exhibit 103 to the registrant’s Form ABS-EE filed on April 26, 2024 under Commission File No. 333-207132-17 and incorporated by reference herein).
(b) The exhibits required to be filed by the Registrant pursuant to this Form 10-D are listed above and in the Exhibit Index that immediately precedes the signature page hereof.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Citigroup Commercial Mortgage Securities Inc. |
| (Depositor) |
| /s/ Richard Simpson |
| Richard Simpson, President |
Date: April 26, 2024
| This ‘10-D’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on: | 4/26/24 | ABS-EE | ||
| For Period end: | 4/12/24 | ABS-EE | ||
| 3/13/24 | ||||
| 2/12/24 | 10-D, ABS-EE | |||
| 2/9/24 | ||||
| List all Filings | ||||