Mon, Mar 31, 10:07 AM (26 days ago)
**Benchmark 2018-B6 Mortgage Trust (Ticker: Not Provided)** **Summary:** Benchmark 2018-B6 Mortgage Trust, a mortgage-backed security, filed its annual report for the fiscal year ended December 31, 2024. The report highlights several key points: **Financial Performance:** - The report does not provide specific financial figures such as revenue, net income, or operating expenses. However, it includes various agreements and servicing details that are crucial for understanding the trust's operations. **Strategic Overview:** - The trust is managed by Citigroup Commercial Mortgage Securities Inc. as the depositor, with KeyBank National Association as the master servicer and K-Star Asset Management LLC as the special servicer. - Several significant mortgage loans are part of the trust, including the Aventura Mall mortgage loan (9.6% of the initial pool balance), 636 11th Avenue mortgage loan (4.4%), JAGR Hotel Portfolio mortgage loan (1.7%), Workspace mortgage loan (3.5%), and TriBeCa House mortgage loan (2.6%). **Future Outlook:** - The trust's future outlook is not explicitly detailed in the provided summary. However, the inclusion of various servicing agreements and the appointment of new servicers indicate ongoing management and oversight. **Risk Factors:** - The report mentions legal proceedings involving Wells Fargo Bank, National Association, which serves as the trustee and custodian for several mortgage loans. These proceedings involve allegations related to the trustee's failure to notify and enforce repurchase obligations and other related issues. **Financial Condition:** - The financial condition of the trust is not explicitly detailed, but the inclusion of various servicing agreements and the appointment of new servicers suggest ongoing management and oversight. **Market Position Changes:** - The report does not provide specific details on market position changes. However, the inclusion of various servicing agreements and the appointment of new servicers indicate ongoing management and oversight. **Key Changes:** - Midland Loan Services was terminated as the special servicer, and K-Star Asset Management LLC was appointed as the successor special servicer. - AEGON USA Realty Advisors, LLC was terminated as the special servicer for the TriBeCa House loan combination, and Situs Holdings, LLC was appointed as the successor special servicer. **Conclusion:** The report provides a comprehensive overview of the trust's management, servicing agreements, and legal proceedings. While specific financial figures are not provided, the report highlights the trust's ongoing management and oversight, as well as potential risks associated with legal proceedings.