Office · New York, New York
636 11th Avenue, New York (2028 maturity), loan 7 in Benchmark 2018-B4 Mortgage Trust
Public CMBS trusts hold $115.0M of the loan on 636 11th Avenue at 4.073% that reaches its anticipated repayment date on June 1, 2028, in 19 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $115,000,000
- Original balance (same notes)
- $115,000,000
- Interest rate
- 4.073% fixed
- Originated
- May 11, 2018
- Maturity
- June 1, 2029
- Anticipated repayment date
- June 1, 2028 (the rate steps up if the loan is not repaid by then)
- Payments
- Interest only for the full term
- Prepayment lockout ends
- December 31, 2027
- Master servicer
- Trimont LLC
- Originator
- CREFI
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 636 11th Avenue, New York, NY 10036
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 564,004 sq ft
- Built
- 1917, renovated 2008
- Largest tenants
- The Ogilvy Group Inc.
- Value at securitization
- $428.0M (Apr 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.49x | 2.84x |
| Occupancy | 100% | n/a |
| Net operating income (annualized from 6 months) | $24.7M | $28.1M |
| Debt yield | 24.5% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the Morgan Stanley Capital I Trust 2018-H3 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Net operating income is 14% above the underwritten figure ($28.1M a year against $24.7M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.49x at securitization to 2.84x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $115.0M | Late payment but less than 30 days delinquent | No | 2.84x | 99% |
| August 2026 | $115.0M | Late payment but less than 30 days delinquent | No | 2.84x | 100% |
| July 2026 | $115.0M | Late payment but less than 30 days delinquent | No | 2.99x | 100% |
| June 2026 | $115.0M | Late payment but less than 30 days delinquent | No | 2.99x | 100% |
| May 2026 | $115.0M | Late payment but less than 30 days delinquent | No | 3.03x | 99% |
| April 2026 | $115.0M | Late payment but less than 30 days delinquent | No | 3.03x | 99% |
| March 2026 | $115.0M | Late payment but less than 30 days delinquent | No | 3.03x | 99% |
| February 2026 | $115.0M | Late payment but less than 30 days delinquent | No | 3.03x | 100% |
| January 2026 | $115.0M | Late payment but less than 30 days delinquent | No | 3.03x | 100% |
| December 2025 | $115.0M | Late payment but less than 30 days delinquent | No | 3.03x | 100% |
| November 2025 | $115.0M | Late payment but less than 30 days delinquent | No | 2.59x | 99% |
| October 2025 | $115.0M | Current | No | 2.59x | 99% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Where the loan sits
The loan is split into 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2018-B4 Mortgage Trust | 7 | $50,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BENCHMARK 2018-B6 MORTGAGE TRUST | 6 | $50,000,000 | Sep 2026 | SEC filing, September 25, 2026 |
| Morgan Stanley Capital I Trust 2018-H3 | 23 | $15,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other New York-Newark-Jersey City loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One SoHo Square | New York, NY | Office | $469.0M | 2.725% | Aug 2028 | 1.78x | 85% | With the special servicer |
| 11 West 42nd Street | New York, NY | Office | $274.0M | 7.44% | Jul 2028 | 1.27x | 99% | Current |
| Harborside 2-3 | Jersey City, NJ | Office | $225.0M | 5.84% | Apr 2028 | 2.29x | 76% | Current |
| 3 Park Avenue | New York, NY | Office | $182.0M | 4.75% | Dec 2028 | 0.61x | 47% | Current |
| Gateway Center South | Brooklyn, NY | Retail | $162.5M | 6.873% | Jun 2028 | 1.69x | 98% | Current |
| 685 Fifth Avenue Retail | New York, NY | Retail | $160.0M | 3.871% | Jul 2028 | 3.13x | 100% | With the special servicer |
| 1745 Broadway | New York, NY | Office | $144.0M | 3.768% | Jun 2028 | 2.52x | 88% | Current |
| 65 Broadway, New York (2028 maturity), loan 4Sb in CF 2019-CF1 Mortgage Trust | New York, NY | Office | $136.0M | 4.935% | Dec 2028 | n/a | n/a | Current |
All loans maturing in 2028 · All New York-Newark-Jersey City loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting periods ending September 8, 2026, September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.