# EDGAR Filing Document

**Accession Number:** 0002093117
**File Stem:** 0001539497-25-003115
**Filing Date:** 2025-12
**Character Count:** 8953
**Document Hash:** b33ebb8f9ba5fcd594d34397688eb272
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001539497-25-003115.hdr.sgml**: 20251203

**ACCESSION NUMBER**: 0001539497-25-003115

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251203

**DATE AS OF CHANGE**: 20251203

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Benchmark 2025-V19 Mortgage Trust
- **CENTRAL INDEX KEY:** 0002093117
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-286596-02
- **FILM NUMBER:** 251546608

**BUSINESS ADDRESS:**
- **STREET 1:** 390 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013
- **BUSINESS PHONE:** 2128165343

**MAIL ADDRESS:**
- **STREET 1:** 390 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC
- **CENTRAL INDEX KEY:** 0001258361
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 861073506
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 390 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013
- **BUSINESS PHONE:** 2128165343

**MAIL ADDRESS:**
- **STREET 1:** 390 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013

---

| |
|:---|
| &nbsp;&nbsp;FREE WRITING PROSPECTUS |
| &nbsp;&nbsp;FILED PURSUANT TO RULE 433 |
| &nbsp;&nbsp;REGISTRATION FILE NO.: 333-286596-02 |

---

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| | |
|:---|:---|
| &nbsp;&nbsp;**From:** | &nbsp;&nbsp;Citi Cmbs Syndicate (CITIGROUP GLOBAL MAR) <[REDACTED]> |
| &nbsp;&nbsp;**Sent:** | &nbsp;&nbsp;Wednesday, December 3, 2025 3:03 PM |
| &nbsp;&nbsp;**Subject:** | &nbsp;&nbsp;BMARK 2025-V19 -- New Issue Announcement (Public) |

---

BMARK 2025-V19 -- New Issue Announcement (Public)

Co-Lead Managers & Joint Bookrunners: Citigroup, Goldman Sachs & Co. LLC, Barclays, Deutsche Bank Securities <br>Co-Managers: Drexel Hamilton, Mischler Financial Group

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;Class | &nbsp;&nbsp;Expected Ratings <br> S&P/Fitch/KBRA | &nbsp;&nbsp;Size($mm) | &nbsp;&nbsp;C/E | &nbsp;&nbsp;WAL | &nbsp;&nbsp;Cum LTV | &nbsp;&nbsp;U/W NOI <br> Debt Yld |
| &nbsp;&nbsp;A-2 | &nbsp;&nbsp;AAA(sf)/AAAsf/AAA(sf) | &nbsp;&nbsp;175.000\* | &nbsp;&nbsp;30.000% | &nbsp;&nbsp;4.80 | &nbsp;&nbsp;43.1% | &nbsp;&nbsp;16.3% |
| &nbsp;&nbsp;A-3 | &nbsp;&nbsp;AAA(sf)/AAAsf/AAA(sf) | &nbsp;&nbsp;234.204\* | &nbsp;&nbsp;30.000% | &nbsp;&nbsp;4.93 | &nbsp;&nbsp;43.1% | &nbsp;&nbsp;16.3% |
| &nbsp;&nbsp;A-S | &nbsp;&nbsp;AA-(sf)/AAAsf/AAA(sf) | &nbsp;&nbsp;48.959 | &nbsp;&nbsp;21.625% | &nbsp;&nbsp;4.98 | &nbsp;&nbsp;48.3% | &nbsp;&nbsp;14.5% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;NR/AA-sf/AA(sf) | &nbsp;&nbsp;31.421 | &nbsp;&nbsp;16.250% | &nbsp;&nbsp;4.98 | &nbsp;&nbsp;51.6% | &nbsp;&nbsp;13.6% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;NR/A-sf/A-(sf) | &nbsp;&nbsp;23.383 | &nbsp;&nbsp;12.250% | &nbsp;&nbsp;4.98 | &nbsp;&nbsp;54.1% | &nbsp;&nbsp;13.0% |

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\* Class sizes and/or WALs subject to change as detailed in the term sheet. Possible ranges below:

Class Expected Range of Balance(mm) Expected Range of WAL <br> A-2 0 - 175.000 N/A - 4.80 <br> A-3 234.204 – 409.204 4.93 - 4.87

---

| | |
|:---|:---|
| &nbsp;&nbsp;Collateral Summary |  |
| &nbsp;&nbsp;Initial Pool Balance | &nbsp;&nbsp;$588699194 |
| &nbsp;&nbsp;Number of Mortgage Loans | &nbsp;&nbsp;28 |
| &nbsp;&nbsp;Number of Mortgaged Properties | &nbsp;&nbsp;48 |
| &nbsp;&nbsp;Average Cut-off Date Balance | &nbsp;&nbsp;$21024971 |
| &nbsp;&nbsp;Weighted Average Mortgage Rate | &nbsp;&nbsp;6.28617% |
| &nbsp;&nbsp;Weighted Average Remaining Term to Maturity/ARD (months) | &nbsp;&nbsp;59 |
| &nbsp;&nbsp;Weighted Average Cut-off Date LTV Ratio | &nbsp;&nbsp;61.6% |
| &nbsp;&nbsp;Weighted Average Maturity Date/ARD LTV Ratio | &nbsp;&nbsp;61.6% |
| &nbsp;&nbsp;Weighted Average UW NCF DSCR | &nbsp;&nbsp;1.71x |
| &nbsp;&nbsp;Weighted Average Debt Yield on Underwritten NOI | &nbsp;&nbsp;11.4% |
| &nbsp;&nbsp;Property Type: | &nbsp;&nbsp;21.5% Retail, 18.7% Hospitality, 16.6% Self Storage, 16.0% Multifamily, 13.8% Industrial, 8.7% Office, 4.7% Manufactured Housing |
| &nbsp;&nbsp;Top States: | &nbsp;&nbsp;22.3% California, 18.3% New York, 6.8% South Dakota, 5.9% Delaware, 5.9% Florida |
| &nbsp;&nbsp;Risk Retention: | &nbsp;&nbsp;L-shape |
| &nbsp;&nbsp;Master Servicer: | &nbsp;&nbsp;Midland Loan Services, a Division of PNC Bank, National Association |
| &nbsp;&nbsp;Special Servicer: | &nbsp;&nbsp;Midland Loan Services, a Division of PNC Bank, National Association |
| &nbsp;&nbsp;Operating Advisor: | &nbsp;&nbsp;Park Bridge Lender Services LLC |
| &nbsp;&nbsp;Trustee: | &nbsp;&nbsp;Wilmington Savings Fund Society, FSB |
| &nbsp;&nbsp;Cert. Administrator: | &nbsp;&nbsp;Citibank, N.A. |
| &nbsp;&nbsp;Anticipated Timing |  |
| &nbsp;&nbsp;Anticipated IPTs: | &nbsp;&nbsp;Thursday, 12/4/2025 |
| &nbsp;&nbsp;Anticipated Pricing: | &nbsp;&nbsp;Week of 12/8/2025 |
| &nbsp;&nbsp;Anticipated Settlement: | &nbsp;&nbsp;12/23/2025 |

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Preliminary Prospectus

Term Sheet

Annex A-1 (Red)

The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Mischler Financial Group, Inc. or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146.

The information in this file (the "File") is an electronic copy of the information set forth in the Annex titled "Certain Characteristics of the Mortgage Loans and Mortgaged Properties" to the prospectus. This File does not contain all information that is required to be included in the prospectus. This File should be reviewed only in conjunction with the entire prospectus. Prospective investors are advised to read carefully, and should rely on, the prospectus relating to the certificates referred to herein in making their investment decision. Methodologies used in deriving certain information contained in this File are more fully described elsewhere in the prospectus. The information in this File should not be viewed as projections, forecasts, predictions or opinions with respect to value.

The information in this File is preliminary and may be amended and/or supplemented prior to the time of sale. The information in this File supersedes any contrary information contained in any prior File relating to the certificates and will be superseded by any contrary information contained in any subsequent File prior to the time of sale.

The securities related to this File are being offered when, as and if issued. This free writing prospectus is not an offer to sell or a solicitation of an offer to buy such securities in any state or other jurisdiction where such offer, solicitation or sale is not permitted. Such securities do not represent an interest in or obligation of the depositor, the sponsors, the originators, the master servicer, the special servicer, the trustee, the certificate administrator, the operating advisor, the asset representations reviewer, the controlling class representative, any risk retention consultation parties, the companion loan holders (or their representatives), the underwriters or any of their respective affiliates. Neither such securities nor the underlying mortgage loans are insured or guaranteed by any governmental agency or instrumentality or private insurer.

Any legends, disclaimers or other notices that may appear at the bottom of the email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) no representation being made that these materials are accurate or complete and that these materials may not be updated or (3) these materials possibly being confidential, are, in each case, not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system.