8-K 1 n2775_x15-8k.htm FORM 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION 

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

November 18, 2021 

Date of Report (Date of Earliest Event Reported)

 

Central Index Key Number of the issuing entity: 0001885855
Benchmark 2021-B30 Mortgage Trust
 

(Exact name of issuing entity)

 

Central Index Key Number of the depositor: 0001013454

Deutsche Mortgage & Asset Receiving Corporation 

(Exact name of depositor as specified in its charter)

 

Central Index Key Number of the sponsor: 0001541294
German American Capital Corporation 

(Exact name of sponsor as specified in its charter)

 

Central Index Key Number of the sponsor: 0000835271
JPMorgan Chase Bank, National Association 

(Exact name of sponsor as specified in its charter)

 

Central Index Key Number of the sponsor: 0001701238
Citi Real Estate Funding Inc. 

(Exact name of sponsor as specified in its charter)

 

Central Index Key Number of the sponsor: 0001541502
Goldman Sachs Mortgage Company 

(Exact name of sponsor as specified in its charter)

 

Delaware   333-226943-11   04-3310019
(State or other jurisdiction   (Commission   (I.R.S. Employer
 of incorporation of registrant)   File Number of issuing entity)   Identification No. of registrant)

 

1 Columbus Circle

New York, New York 10019

(Address of principal executive offices of registrant)

 

(212) 250-2500

Registrant’s telephone number, including area code

 

Former name or former address, if changed since last report: Not Applicable

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR

    

 

240.14d-2(b))

 

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered
     

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company
   
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 


    

 

Item 1.01. Entry into a Material Definitive Agreement.

On November 16, 2021 (the “Closing Date”), Deutsche Mortgage & Asset Receiving Corporation (the “Depositor”) caused the issuance of Benchmark 2021-B30 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2021-B30 (the “Certificates”), pursuant to a Pooling and Servicing Agreement, dated as of November 1, 2021 (the “Pooling and Servicing Agreement”), between the Depositor, as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer, CWCapital Asset Management LLC, as special servicer, Wells Fargo Bank, National Association, as trustee, Wells Fargo Bank, National Association, as certificate administrator, as paying agent and as custodian, and Park Bridge Lender Services LLC, as operating advisor and as asset representations reviewer.

The Certificates represent, in the aggregate, the entire beneficial ownership in Benchmark 2021-B30 Mortgage Trust (the “Issuing Entity”), a common law trust fund formed under the laws of the State of New York pursuant to the Pooling and Servicing Agreement. The assets of the Issuing Entity consist primarily of 38 fixed-rate commercial mortgage loans (the “Mortgage Loans”) secured by first liens on 50 commercial and multifamily properties (the “Mortgaged Properties”).

The Mortgage Loan secured by the Mortgaged Property identified on Exhibit B to the Pooling and Servicing Agreement as “Plaza La Cienega”, which is an asset of the Issuing Entity, is part of a whole loan (the “Plaza La Cienega Whole Loan”) that includes the Plaza La Cienega Mortgage Loan and certain other loans that are pari passu to the Plaza La Cienega Mortgage Loan (the “Plaza La Cienega Companion Loans”). The Plaza La Cienega Companion Loans are not assets of the Issuing Entity.

As of November 18, 2021, the Plaza La Cienega Whole Loan, including the Plaza La Cienega Mortgage Loan, is being serviced and administered pursuant to (a) a pooling and servicing agreement, an executed version of which is attached hereto as Exhibit 4.1 and which is dated as of November 1, 2021 (the “3650R 2021-PF1 Pooling and Servicing Agreement”), among 3650 REIT Commercial Mortgage Securities II LLC, as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer, 3650 REIT Loan Servicing LLC, as special servicer, Wells Fargo Bank, National Association, as certificate administrator and as trustee, and Park Bridge Lender Services LLC, as operating advisor and as asset representations reviewer, and (b) the related Intercreditor Agreement (as defined in the Pooling and Servicing Agreement), as to which an executed version was attached to the current report on Form 8-K filed by the Issuing Entity on November 16, 2021.

The servicing terms of the 3650R 2021-PF1 Pooling and Servicing Agreement applicable to the servicing of the Plaza La Cienega Mortgage Loan are similar in all material respects to the servicing terms of the Pooling and Servicing Agreement applicable to the servicing of the other Mortgage Loans, but will differ in certain respects, as described in the section captioned “Pooling and Servicing Agreement—Servicing of the Non-Serviced Mortgage Loans” in the Prospectus (SEC File Number 333-226943-11) filed with the Securities and Exchange Commission on November 16, 2021 pursuant to Rule 424(b)(2); including but limited to that there will be no risk retention consultation party under the 3650 2021-PF1 Pooling and Servicing Agreement.

    

 

Item 9.01.Financial Statements and Exhibits.

 

(d) Exhibits
   
Exhibit No. Description
   
Exhibit 4.1 Pooling and Servicing Agreement, dated as of November 1, 2021, among 3650 REIT Commercial Mortgage Securities II LLC, as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer, 3650 REIT Loan Servicing LLC, as special servicer, Wells Fargo Bank, National Association, as certificate administrator and as trustee, and Park Bridge Lender Services LLC, as operating advisor and as asset representations reviewer.

 

    

 

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 hereunto duly authorized.

 

     
 

DEUTSCHE MORTGAGE & ASSET RECEIVING CORPORATION 

  (Registrant)  
 Date:  November 22, 2021    
  By: /s/ Matt Smith  
    Name: Matt Smith    
    Title: Director    
       
       
  By: /s/ Natalie Grainger  
    Name: Natalie Grainger    
    Title: Director