Benchmark 2025-V18 Mortgage Trust 8-K

What Happened

• On October 30, 2025, GS Mortgage Securities Corporation II (the Depositor) caused issuance of the Benchmark 2025‑V18 Mortgage Trust Commercial Mortgage Pass‑Through Certificates, Series 2025‑V18 (the Certificates) and created an uncertificated RR Interest representing a specified percentage of amounts collected on the Mortgage Loans (net of trust expenses), under a Pooling and Servicing Agreement dated October 1, 2025.
• The Certificates and the RR Interest together represent the entire beneficial ownership of the Issuing Entity (Benchmark 2025‑V18 Mortgage Trust), a New York common law trust whose assets primarily consist of 47 fixed‑rate mortgage loans secured by first liens on 88 commercial, multifamily and/or manufactured housing properties.
• The filing (signed December 29, 2025 by Scott Epperson, CEO of GS Mortgage Securities Corporation II) also notes one Mortgage Loan (the CFS Industrial HQ Mortgage Loan) is part of a whole loan that has a pari passu companion loan that is not an asset of this trust; servicing for that loan portion is governed by a related Pooling and Servicing Agreement dated December 1, 2025 (Benchmark 2025‑V19 PSA) and an attached Co‑Lender Agreement.

Key Details

• Issuance date: October 30, 2025; Form 8‑K filed December 29, 2025 and signed by GS Mortgage Securities Corporation II CEO Scott Epperson.
• Trust assets: 47 fixed‑rate mortgage loans covering 88 Mortgaged Properties.
• Parties named in the PSA (Oct 1, 2025): Depositor — GS Mortgage Securities Corporation II; Master Servicer — Trimont LLC; Special Servicer — Torchlight Loan Services, LLC; Certificate Administrator & Trustee — Computershare Trust Company, N.A.; Operating Advisor/Asset Rep Reviewer — Park Bridge Lender Services LLC.
• CFS Industrial HQ Whole Loan: includes a companion loan not owned by this trust; the CFS Mortgage Loan portion is being serviced under a Dec 1, 2025 PSA for Benchmark 2025‑V19 as noted in the filing.

Why It Matters

• The 8‑K documents the trust’s formation and the specific securities (Certificates and an RR Interest) that represent investor ownership and entitlement to cash flows from the underlying commercial mortgages — key facts for anyone evaluating these securities.
• Investors should note the scale and composition of collateral (47 loans across 88 properties) and the named servicers/trustee, since servicing arrangements affect cash‑flow collection and distributions.
• The CFS Industrial HQ loan’s companion loan (not owned by this trust) and the related servicing arrangement under a different PSA are material operational details investors should review in the Prospectus and the Pooling and Servicing Agreements for potential differences in servicing terms or flow of payments.