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

Date of Report (Date of earliest event reported) October 10 30, 2025

Benchmark 2025-V18 Mortgage Trust

(Central Index Key Number 0002089470)
(Exact name of issuing entity)

GS Mortgage Securities Corporation II

(Central Index Key Number 0001004158)

(Exact name of the depositor as specified in its charter)

Goldman Sachs Mortgage Company

(Central Index Key Number 0001541502)

German American Capital Corporation

(Central Index Key Number 0001541294)

Citi Real Estate Funding Inc.

(Central Index Key Number 0001701238)

Bank of Montreal

(Central Index Key Number 0000927971)

Barclays Capital Real Estate Inc.

(Central Index Key Number 0001549574)

(Exact name of the sponsors as specified in its charters)

Delaware	333-286173-02	22-3442024
(State or other jurisdiction	(Commission File Number	(IRS Employer Identification
of incorporation of depositor)	of issuing entity)	No. of depositor)

200 West Street
New York, New York	10282
(Address of principal executive offices of depositor)	(Zip Code of depositor)

Depositor’s telephone number, including area code (212) 902-1000

Not Applicable

(Former name or former address, if changed since last report.)

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:

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

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

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] 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 8.01.

Other Events.

On October 1030, 2025 (the “Closing Date”), GS Mortgage Securities Corporation II (the “Depositor”) ~~entered~~caused ~~into~~(i) anthe ~~agreement~~issuance of tothe ~~sell~~Benchmark ~~all~~2025-V18 ofMortgage ~~the~~Trust ~~Publicly~~Commercial ~~Offered~~ Mortgage Pass-Through Certificates, Series 2025-V18 (asthe ~~defined~~“Certificates”) and ~~below~~(ii), ~~having~~the creation of an ~~aggregate~~uncertificated ~~initial~~interest ~~principal~~(the ~~amount~~“RR ofInterest”, $1and,~~109,922,000,~~ totogether ~~Goldman~~with ~~Sachs~~the &Class ~~Co.~~RR ~~LLC~~Certificates, the (“~~GS&Co.~~VRR Interest”)~~, Deutsche~~ ~~Bank~~in ~~Securities~~the ~~Inc.~~Issuing Entity (~~“DBSI”~~as defined below), ~~Citigroup~~representing ~~Global~~the ~~Markets~~right ~~Inc.~~to ~~(“CGMI”),~~receive ~~BMO~~a ~~Capital~~specified ~~Markets~~percentage ~~Corp.~~of ~~(“BMO~~certain ~~Capital~~amounts ~~Markets”),~~collected ~~Barclays~~on ~~Capital~~the ~~Inc.~~Mortgage Loans (~~“Barclays~~as ~~Capital”~~defined below), ~~Academy~~net ~~Securities~~of all expenses of the Issuing Entity, ~~Inc.~~in each case pursuant ~~(“Academy”)~~to a pooling and ~~Drexel~~servicing ~~Hamilton~~agreement, ~~LLC~~dated as of October 1, 2025 (the “~~Drexel”,~~Pooling and ~~together~~Servicing ~~with GS&Co.~~Agreement”), ~~DBSI,~~among the ~~CGMI~~Depositor, ~~BMO~~as ~~Capital Markets~~depositor, ~~Barclays~~Trimont ~~Capital and Academy~~LLC, inas ~~such~~master ~~capacities~~servicer, ~~the~~Torchlight ~~“Underwriters”)~~Loan onServices, orLLC, ~~about~~as ~~October~~special 30servicer, ~~2025~~Computershare ~~(the “Closing~~Trust ~~Date”)~~Company, ~~pursuant~~National toAssociation, anas ~~underwriting~~certificate ~~agreement,~~administrator ~~dated~~and as oftrustee, ~~October~~and 10Park Bridge Lender Services LLC, ~~2025~~as operating advisor and as toasset ~~which~~representations anreviewer. ~~executed~~Capitalized ~~version~~terms isused ~~attached hereto~~but asnot ~~Exhibit~~defined ~~1.1~~herein (shall have the ~~“Underwriting~~meanings ~~Agreement”),~~assigned ~~among~~to ~~the~~them ~~Depositor~~in the Pooling and ~~the~~Servicing ~~Underwriters~~Agreement.

OnThe ~~October~~Certificates ~~10,~~will ~~2025, the~~consist ~~Depositor also entered into an agreement to sell all~~ of the ~~Privately~~following ~~Offered~~classes, ~~Certificates~~designated (as ~~defined below~~(i), ~~having~~Class anA-1, ~~aggregate~~Class ~~initial principal amount of $140~~A-2,~~694,860,~~ toClass ~~GS&Co.~~A-3, ~~DBSI,~~Class ~~CGMI~~X-A, ~~BMO~~Class ~~Capital Markets~~X-B, ~~Barclays~~Class ~~Capital~~A-S, ~~Academy~~Class B and ~~Drexel~~Class ~~(collectively~~C inCertificates ~~such capacity~~(collectively, the “~~Initial~~Publicly ~~Purchasers~~Offered Certificates”), on(ii) orClass ~~about~~X-D, ~~the~~Class ~~Closing Date~~X-F, ~~pursuant~~Class toX-G, aClass ~~certificate~~X-J, ~~purchase~~Class ~~agreement~~D, Class ~~dated~~F, asClass ofG, ~~October~~Class ~~10,~~J ~~2025~~and Class R Certificates (collectively, the “~~Certificate~~Privately ~~Purchase~~Offered ~~Agreement~~Certificates”), ~~among the Depositor~~ and (iii) the ~~Initial~~Class RR ~~Purchasers~~Certificates.

OnThe orDepositor ~~about~~sold ~~the Closing~~all ~~Date,~~of itthe isPublicly ~~expected~~Offered ~~that~~Certificates, ~~the~~having ~~Depositor~~an ~~will~~aggregate ~~cause~~initial ~~(i)~~principal ~~the~~amount ~~issuance~~ of ~~the~~$1,109,922,000, ~~Benchmark~~to ~~2025-V18~~Goldman ~~Mortgage~~Sachs ~~Trust~~& ~~Commercial~~Co. ~~Mortgage~~LLC ~~Pass-Through Certificates~~(“GS&Co.”), Deutsche ~~Series~~Bank ~~2025-V18~~Securities ~~(the~~Inc. (“~~Certificates~~DBSI”), ~~and~~Citigroup ~~(ii)~~Global ~~the~~Markets ~~creation~~Inc. ~~of an uncertificated interest~~ (~~the~~ “~~RR Interest~~CGMI”), inBMO ~~the~~Capital ~~Issuing~~Markets Corp. ~~Entity~~ (as“BMO ~~defined~~Capital ~~below~~Markets”), ~~representing~~Barclays ~~the~~Capital ~~right~~Inc. to(“Barclays ~~receive~~Capital”), aAcademy ~~specified~~Securities, ~~percentage~~Inc. (“Academy”) ofand ~~certain~~Drexel ~~amounts collected~~Hamilton, onLLC ~~the~~(“Drexel”, ~~Mortgage~~and ~~Loans~~together ~~(as~~with ~~defined~~GS&Co., ~~below)~~DBSI, ~~net~~CGMI, ofBMO ~~all~~Capital Markets, ~~expenses~~Barclays ofCapital ~~the~~and ~~Issuing Entity~~Academy, in ~~each~~such ~~case~~capacities, the “Underwriters”), pursuant to aan ~~pooling~~underwriting ~~and servicing~~ agreement, dated as of October 110, 2025 ~~and~~(the as“Underwriting toAgreement”), ~~which~~among anthe ~~executed~~Depositor ~~version~~and isthe ~~attached hereto as Exhibit 4~~Underwriters.1 ~~(the~~The ~~“Pooling~~Publicly ~~and~~Offered ~~Servicing~~Certificates ~~Agreement”),~~were ~~among~~offered by the ~~Depositor,~~Underwriters asfor ~~depositor,~~sale ~~Trimont~~to ~~LLC~~the public, aspursuant ~~master~~to ~~servicer,~~the ~~Torchlight~~Depositor’s ~~Loan~~Preliminary ~~Services~~Prospectus, ~~LLC,~~ asdated ~~special~~October ~~servicer~~6, ~~Computershare~~2025 ~~Trust~~(the ~~Company~~“Preliminary Prospectus”), ~~National~~and ~~Association,~~the asDepositor’s ~~certificate~~Prospectus, ~~administrator~~dated ~~and~~October as14, ~~trustee~~2025 (the “Prospectus”), ~~and~~in ~~Park~~negotiated ~~Bridge~~transactions ~~Lender Services~~or ~~LLC,~~otherwise asat ~~operating~~varying ~~advisor~~prices ~~and~~determined asat ~~asset~~the ~~representations~~time ~~reviewer~~of sale.

~~The~~In ~~Certificates~~connection ~~will~~with ~~consist~~the ofissuance ~~the~~and ~~following~~sale ~~classes,~~to ~~designated~~the asUnderwriters ~~(i)~~of ~~Class~~the ~~A-1,~~Publicly ~~Class~~Offered ~~A-2~~Certificates, ~~Class~~a ~~A-3,~~legal ~~Class~~opinion ~~X-A,~~was ~~Class~~rendered ~~X-B,~~related ~~Class~~to ~~A-S,~~the ~~Class~~validity Bof, and certain ~~Class~~federal Cincome ~~Certificates (collectively~~tax considerations relating to, the “Publicly Offered Certificates”), ~~(ii)~~which ~~Class~~legal ~~X-D,~~opinion ~~Class~~is ~~X-F,~~attached ~~Class~~hereto ~~X-G,~~as ~~Class X-J, Class D, Class~~Exhibits F5, ~~Class~~8 ~~G, Class J~~ and ~~Class R Certificates (the “Privately Offered Certificates”) and (iii) Class RR Certificates~~23.

The ~~assets~~Depositor sold all of the ~~Issuing Entity~~Privately ~~include~~Offered ~~several~~Certificates, ~~Mortgage~~having ~~Loans~~an ~~each~~aggregate ofinitial ~~which~~principal isamount ~~a part~~ of a$140,694,860, ~~Whole~~to ~~Loan~~GS&Co., ~~Each~~DBSI, ~~Whole~~CGMI, ~~Loan~~BMO isCapital Markets, ~~governed~~Barclays ~~by a co-lender~~Capital, ~~intercreditor or~~Academy ~~similar~~and ~~agreement~~Drexel (~~each,~~collectively ain ~~“Co-Lender Agreement”) between the holders of the promissory notes comprising~~ such ~~Whole Loan~~capacity, the ~~terms of which are described under~~ “~~Description~~Initial ~~of the Mortgage Pool—The Whole Loans~~Purchasers”), inpursuant ~~the Depositor’s~~to ~~Prospectus,~~a ~~dated~~certificate ~~October~~purchase 14agreement, ~~2025~~dated ~~and~~as ~~filed~~of ~~with the Securities and Exchange Commission on~~ October 1510, 2025 (the “~~Prospectus”). Each~~Certificate ~~Co-Lender~~Purchase Agreement”), isamong ~~attached as an exhibit hereto as described in~~ the ~~following table. Moreover, certain of such Whole Loans will~~Depositor ~~not~~and ~~be serviced pursuant to~~ the ~~Pooling~~Initial ~~and Servicing Agreement, but will instead be serviced pursuant to a different servicing agreement (each, a “Non-Serviced PSA”)~~Purchasers. ~~Each~~The ~~such~~Privately ~~Non-Serviced~~Offered ~~PSA~~Certificates iswere ~~attached~~sold asin antransactions ~~exhibit~~exempt ~~hereto~~from asregistration ~~described~~under in the ~~following~~Securities ~~table.~~Act ~~For a description~~ of ~~the~~1933 ~~servicing of~~ (the ~~applicable~~“Act”), ~~Whole~~as ~~Loans under such Non-Serviced PSAs~~amended, ~~see~~pursuant ~~“Pooling~~to ~~and~~Section ~~Servicing Agreement—Servicing~~4(a)(2) of the ~~Non-Serviced Mortgage Loans” in the Prospectus~~Act.

Name of Co-Lender Agreement (as defined in the Pooling and Servicing Agreement)	Co-Lender Agreement Exhibit	Non-Serviced Servicing Agreement (if any) Exhibit
9911 Belward	4.6	NAP
180 Water	4.7	4.2
1010 Pacific Street	4.8	NAP
Yosemite Hospitality Portfolio	4.9	4.3
ESA Portfolio	4.10	(1)
80-02 Kew Gardens	4.11	(1)
Springfield Town Center	4.12	4.4
161 Washington Street	4.13	(1)
Pacifica Hotel Portfolio (4-Pack)	4.14	4.5
CFS Industrial HQ	4.15	(1)

The Certificates and the RR Interest represent, in the aggregate, the entire beneficial ownership in Benchmark 2025-V18 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 47 fixed-rate mortgage loans (the “Mortgage Loans”) secured by first liens on 88 commercial, multifamily and/or manufactured housing properties.

~~(1)~~ The ~~subject~~compensation ~~Whole~~for ~~Loan~~the ~~will~~Mortgage Loans bepaid ~~serviced~~to ~~under~~ the ~~Pooling~~Sponsors ~~and~~included ~~Servicing~~net ~~Agreement~~proceeds ~~until~~of the ~~securitization~~sale of the ~~applicable~~Certificates. ~~controlling~~The ~~pari~~net ~~passu~~proceeds ~~companion~~to ~~loan,~~the ~~after~~Depositor ~~which~~of the ~~subject~~sale ~~Whole~~of ~~Loan~~the Certificates, ~~will~~after bededucting ~~serviced~~expenses ~~pursuant~~payable toby the ~~pooling~~Depositor ~~and~~in ~~servicing~~connection ~~agreement~~with ~~for~~the ~~such~~issuance ~~securitization. That pooling~~ and ~~servicing~~distribution ~~agreement~~of ~~will~~the beCertificates ~~identified and filed on a Form 8-K following such securitization.~~of

~~The~~approximately ~~Certificates and the RR Interest represent~~$5, ~~in the aggregate~~384, ~~the entire beneficial ownership in Benchmark 2025-V18 Mortgage Trust (the “Issuing Entity”)~~502, a ~~common~~were ~~law~~approximately ~~trust fund formed under the laws of the State of New York pursuant to the Pooling and Servicing Agreement~~$1,294,848,978. ~~The assets of~~ ~~the~~Of ~~Issuing Entity consist primarily of 47 fixed-rate mortgage loans (~~the ~~“Mortgage~~expenses ~~Loans”)~~paid ~~secured~~ by ~~first liens on 88 commercial, multifamily and/or manufactured housing properties. The Mortgage Loans will be acquired by~~ the Depositor ~~from (i) Goldman Sachs Mortgage Company (“GSMC”)~~, ~~pursuant~~approximately ~~to a mortgage loan purchase agreement~~$312,997 ~~attached~~were ~~hereto~~paid asdirectly ~~Exhibit~~to ~~99.1 and~~affiliates ~~dated as~~ of ~~October 30, 2025 (~~the ~~“GSMC Mortgage Loan Purchase Agreement”), between the~~ Depositor ~~and GSMC~~, ~~(ii) German~~approximately ~~American Capital Corporation (“GACC”)~~$362, ~~pursuant to a mortgage loan purchase agreement, attached hereto as Exhibit~~997 ~~99.2~~in ~~and~~the ~~dated~~form as of ~~October~~fees ~~30,~~were ~~2025~~paid (to the ~~“GACC~~Underwriters ~~Mortgage~~and ~~Loan Purchase Agreement”), between~~ the ~~Depositor~~Initial ~~and GACC~~Purchasers, ~~(iii)~~approximately ~~Citi Real Estate Funding Inc. (“CREFI”)~~$135,000 ~~pursuant~~were paid to aor ~~mortgage~~for ~~loan~~the ~~purchase agreement, attached hereto~~Underwriters ~~as Exhibit 99.3~~ and ~~dated as of October 30, 2025 (~~the ~~“CREFI~~Initial ~~Mortgage Loan Purchase Agreement”)~~Purchasers, ~~between the Depositor~~ and ~~CREFI,~~approximately ~~(iv) Bank of Montreal (“BMO”)~~$4, ~~pursuant to a mortgage loan purchase agreement~~886,505 ~~attached~~were ~~hereto as~~other ~~Exhibit 99~~expenses.4 ~~and~~All ~~dated as~~ of ~~October 30, 2025 (~~the ~~“BMO~~foregoing ~~Mortgage~~expense ~~Loan~~amounts ~~Purchase~~are ~~Agreement”), between~~ the Depositor’s ~~and~~reasonable ~~BMO~~estimates ~~and~~of ~~(v)~~such ~~Barclays Capital Real Estate Inc~~expenses. ~~(“BCREI”),~~No ~~pursuant~~underwriting todiscounts ~~a mortgage loan purchase agreement, attached hereto as Exhibit 99.5~~ and ~~dated~~commissions asor offinder’s ~~October~~fees ~~30,~~were ~~2025~~paid (by the ~~“BCREI~~Depositor. ~~Mortgage Loan Purchase Agreement” and together~~Further ~~with~~information ~~the~~regarding ~~GSMC~~such ~~Mortgage~~sales ~~Loan~~relating ~~Purchase~~to ~~Agreement,~~ the ~~GACC~~price ~~Mortgage~~per ~~Loan~~class ~~Purchase~~of ~~Agreement,~~Publicly ~~the~~Offered ~~CREFI~~Certificates ~~Mortgage~~is ~~Loan~~set ~~Purchase~~forth ~~Agreement and~~on ~~the~~Schedule ~~BMO~~II ~~Mortgage~~to ~~Loan Purchase Agreement,~~ the ~~“Mortgage Loan Purchase Agreements”), among the Depositor, BCREI~~Underwriting ~~and Barclays Capital Holdings Inc~~Agreement. ~~Further information regarding such sales has been previously provided in the Prospectus.~~

~~The~~Further ~~funds~~information ~~that will be~~regarding ~~used~~such bysales ~~the~~has ~~Depositor~~been topreviously ~~pay~~provided ~~the~~on ~~purchase price for~~ the ~~Mortgage~~Depositor’s ~~Loans~~Current ~~will~~Report beon ~~derived~~Form ~~from~~8-K, ~~the~~as ~~proceeds~~filed ofwith ~~(i)~~ the ~~sale~~Securities ofand ~~the Publicly~~Exchange ~~Offered~~Commission ~~Certificates~~(Filing byDate: ~~the~~October ~~Depositor to the Underwriters~~15, ~~pursuant to the Underwriting Agreement, (ii~~2025) ~~the~~and ~~sale~~in of the ~~Privately Offered Certificates by the Depositor to the Initial Purchasers~~Prospectus, ~~pursuant~~dated toOctober ~~the Certificate Purchase Agreement~~14, ~~(iii)~~2025 ~~the~~and ~~sale~~as offiled ~~the~~with ~~RR Interest by~~ the ~~Depositor~~Securities ~~to GSMC, pursuant to the GSMC Mortgage Loan Purchase Agreement,~~ and ~~(iv) the sale of the Class RR Certificates by the~~Exchange ~~Depositor~~Commission toon ~~Deutsche~~October ~~Bank AG~~15, ~~New~~2025. ~~York~~The ~~Branch,~~related asregistration astatement ~~“majority-owned affiliate”~~ (asfile ~~defined~~no. ~~in the Risk Retention Rules~~333-286173) ~~of GACC,~~was ~~and~~originally ~~CREFI,~~declared ~~pursuant~~effective toon ~~the~~August ~~GACC Mortgage Loan Purchase Agreement and the CREFI Mortgage Loan Purchase Agreement~~5, as 2025.

~~applicable.~~Credit ~~The~~Risk Publicly Offered Certificates were offered by the Underwriters for sale to the public, pursuant to the Prospectus, in negotiated transactions or otherwise at varying prices determined at the time of sale. The Privately Offered Certificates and the Class RR Certificates will be sold in transactions exempt from registration under the Securities Act of 1933 (the “Act”), as amended, pursuant to Section 4(a)(2) of the Act.Retention

~~The~~German ~~related~~American ~~registration~~Capital Corporation ~~statement~~(“GACC”), in its capacity as “retaining sponsor” (~~file~~in ~~no.~~such ~~333-286173~~capacity, the “Retaining Sponsor”) is ~~was~~satisfying ~~originally~~its ~~declared~~credit ~~effective~~risk onretention ~~August~~obligation 5under Regulation RR, ~~2025~~12 C.F.R. InPart 244 (the “Risk Retention Rule”) in connection with the ~~Prospectus,~~securitization of the ~~Chief~~Mortgage ~~Executive Officer~~Loans referred to above by (i) the purchase of (A) a portion of the Class RR Certificates by Citi Real Estate Funding Inc. (“CREFI”) from the Depositor ~~has~~(which ~~provided~~is deemed to be purchased from the ~~certification~~Depositor ~~attached~~by the ~~hereto~~Retaining asSponsor ~~Exhibit~~and ~~36.1~~from the Retaining Sponsor by CREFI) and ~~dated~~(B) asthe remaining portion of ~~October~~the 14Class RR Certificates by Deutsche Bank AG, ~~2025~~New York Branch (“DBNY”) from the Depositor (which is deemed to be purchased from the Depositor by the Retaining Sponsor and from the Retaining Sponsor by DBNY); and (ii) the purchase of the RR Interest by Goldman Sachs Bank USA (“GS Bank”) from the Depositor (which is deemed to be purchased from the Depositor by the Retaining Sponsor and from the Retaining Sponsor by GS Bank).

The ~~Underwriting~~VRR ~~Agreement,~~Interest constitutes an “eligible vertical interest” (as defined in the ~~Pooling~~Risk ~~and~~Retention ~~Servicing~~Rule) ~~Agreement~~that ~~and~~represents the right to receive at least 5.0% of all amounts collected on the Mortgage ~~Loan~~Loans, ~~Purchase~~net ~~Agreements~~of ~~are~~all ~~attached~~expenses asof ~~exhibits~~the toIssuing ~~this~~Entity, ~~Form~~and ~~8-K~~distributed on the Certificates (other than the Class R Certificates) and the RR Interest.

Item 9.01.	Financial Statements, Pro Forma Financial Information and Exhibits.
(d) Exhibits
Exhibit 1.1	Underwriting Agreement, dated as of October 10, 2025, among GS Mortgage Securities Corporation II, as depositor, and Goldman Sachs & Co. LLC, Deutsche Bank Securities Inc., Citigroup Global Markets Inc., BMO Capital Markets Corp., Barclays Capital Inc., Academy Securities, Inc. and Drexel Hamilton, LLC, as underwriters.
Exhibit 4.1	Pooling and Servicing Agreement, dated as of October 1, 2025, among GS Mortgage Securities Corporation II, as depositor, Trimont LLC, as master servicer, Torchlight Loan Services, LLC, as special servicer, Computershare Trust Company, National Association, as certificate administrator and as trustee, and Park Bridge Lender Services LLC, as operating advisor and as asset representations reviewer.
Exhibit 4.2	Trust and Servicing Agreement, dated as of August 5, 2025, between Deutsche Mortgage & Asset Receiving Corporation, as depositor, Trimont LLC, as master servicer, Mount Street US (Georgia) LLP, as special servicer, Deutsche Bank National Trust Company, as certificate administrator, paying agent and custodian, Computershare Trust Company, National Association, as trustee, and Park Bridge Lender Services LLC, as operating advisor.
Exhibit 4.3	Pooling and Servicing Agreement, dated and effective as of October 1, 2025, among J.P. Morgan Chase Commercial Mortgage Securities Corp., as depositor, Trimont LLC, as master servicer, Torchlight Loan Services, LLC, as special servicer, Computershare Trust Company, National Association, as certificate administrator, Deutsche Bank National Trust Company, as trustee, and Pentalpha Surveillance LLC, as operating advisor and as asset representations reviewer.
Exhibit 4.4	Pooling and Servicing Agreement, dated and effective as of September 1, 2025, among Barclays Commercial Mortgage Securities LLC, as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer, 3650 REIT Loan Servicing LLC, as special servicer, Computershare Trust Company, National Association, as certificate administrator and as trustee, and Pentalpha Surveillance LLC, as operating advisor and as asset representations reviewer.
Exhibit 4.5	Pooling and Servicing Agreement, dated as of September 1, 2025, between Deutsche Mortgage & Asset Receiving Corporation, as depositor, Trimont LLC, as master servicer, Greystone Servicing Company LLC, as special servicer, Computershare Trust Company, National Association, as trustee, certificate administrator, paying agent and custodian, and Park Bridge Lender Services LLC, as operating advisor and asset representations reviewer.
Exhibit 4.6	Co-Lender Agreement, dated as of September 30, 2025, between DBR Investments Co. Limited, as Note A-1 Holder, Note A-2 Holder and Note A-3 Holder, and Barclays Capital Real Estate Inc., as Note A-4 Holder, Note A-5 Holder and Note A-6 Holder, relating to the 9911 Belward Whole Loan.

Item 9.01.

Financial Statements, Pro Forma Financial Information and Exhibits.

Exhibit 4.7	Co-Lender Agreement, dated as of July 29, 2025, between German American Capital Corporation, as Initial Note A Holder, and German American Capital Corporation, as Initial Note B Holder, relating to the 180 Water Whole Loan.
Exhibit 4.8	Co-Lender Agreement, dated as of October 21, 2025, by and between Citi Real Estate Funding Inc., as Initial Note A-1 Holder, and Morgan Stanley Bank, N.A., as Initial Note A-2 Holder, relating to the 1010 Pacific Street Whole Loan.
Exhibit 4.9	Agreement Between Note Holders, dated as of September 5, 2025, by and between Wells Fargo Bank, National Association, as Initial Note A-1 Holder, and Citi Real Estate Funding Inc., as Initial Note A-2 Holder, relating to the Yosemite Hospitality Portfolio Whole Loan.
Exhibit 4.10	Agreement Between Noteholders, dated as of October 9, 2025, by and between Goldman Sachs Bank USA, as Initial Note A-1 Holder, and Goldman Sachs Bank USA, as Initial Note A-2 Holder, relating to the ESA Portfolio Whole Loan.
Exhibit 4.11	Co-Lender Agreement, dated as of October 13, 2025, by and between Citi Real Estate Funding Inc., as Initial Note A-1 Holder, and Citi Real Estate Funding Inc. as Initial Note A-2 Holder, relating to the 80-02 Kew Gardens Whole Loan.
Exhibit 4.12	Co-Lender Agreement, dated as of June 20, 2025, by and among Goldman Sachs Bank USA and Barclays Capital Real Estate Inc., relating to the Springfield Town Center Whole Loan.
Exhibit 4.13	Agreement Between Noteholders, dated as of October 9, 2025, by and between Goldman Sachs Bank USA, as Initial Note A-1 Holder, and Goldman Sachs Bank USA, as Initial Note A-2 Holder, relating to the 161 Washington Street Whole Loan.
Exhibit 4.14	Agreement Between Noteholders, dated as of August 6, 2025, by and between Goldman Sachs Bank USA, as Initial Note A-1 Holder, and Goldman Sachs Bank USA, as Initial Note A-2 Holder, relating to the Pacifica Hotel Portfolio (4-Pack) Whole Loan.
Exhibit 4.15	Agreement Between Noteholders, dated as of October 9, 2025, by and between Goldman Sachs Bank USA, as Initial Note A-1 Holder, and Goldman Sachs Bank USA, as Initial Note A-2 Holder, relating to the CFS Industrial HQ Whole Loan.
Exhibit 36.1	Depositor’s Certification for Shelf Offerings of Asset-Backed Securities in respect of that certain Prospectus, dated October 14, 2025.
Exhibit 99.1	Mortgage Loan Purchase Agreement, dated as of October 30, 2025, between Goldman Sachs Mortgage Company, as seller, and GS Mortgage Securities Corporation II, as purchaser.
Exhibit 99.2	Mortgage Loan Purchase Agreement, dated as of October 30, 2025, between German American Capital Corporation, as seller, and GS Mortgage Securities Corporation II, as purchaser.
Exhibit 99.3	Mortgage Loan Purchase Agreement, dated as of October 30, 2025, between Citi Real Estate Funding Inc., as seller and GS Mortgage Securities Corporation II, as purchaser.

(d) Exhibits

Exhibit 99.4	Mortgage Loan Purchase Agreement, dated as of October 30, 2025, between Bank of Montreal, as seller, and GS Mortgage Securities Corporation II, as purchaser.
Exhibit 5	Legality Opinion of Cadwalader, Wickersham & Taft LLP, dated October 30, 2025.
Exhibit 99.5	Mortgage Loan Purchase Agreement, dated as of October 30, 2025, among Barclays Capital Real Estate Inc., as seller, Barclays Capital Holdings Inc. and GS Mortgage Securities Corporation II, as purchaser.
Exhibit 8	Tax Opinion of Cadwalader, Wickersham & Taft LLP, dated October 30, 2025 (included as part of Exhibit 5).
Exhibit 23	Consent Opinion of Cadwalader, Wickersham & Taft LLP, dated October 30, 2025 (included as part of Exhibit 5).

Pursuant to the requirements of the Securities Exchange Act of 1934, the depositor has caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: October 15, 2025	GS MORTGAGE SECURITIES
Date: October 30, 2025	GS MORTGAGE SECURITIES CORPORATION II
	CORPORATION II
	By:	/s/ Scott Epperson
	By:	/s/ Scott Epperson
		Name:	Scott Epperson
		Name: Scott Epperson
		Title:	Chief Executive Officer
		Title: Chief Executive Officer

INDEX TO EXHIBITS

Item 601(a) of Regulation S-K Exhibit No.	Description	Paper (P) or Electronic (E)
1.1	Underwriting Agreement, dated as of October 10, 2025, among GS Mortgage Securities Corporation II, as depositor, and Goldman Sachs & Co. LLC, Deutsche Bank Securities Inc., Citigroup Global Markets Inc., BMO Capital Markets Corp., Barclays Capital Inc., Academy Securities, Inc. and Drexel Hamilton, LLC, as underwriters.	(E)
5	Legality Opinion of Cadwalader, Wickersham & Taft LLP, dated October 30, 2025.	(E)
4.1	Pooling and Servicing Agreement, dated as of October 1, 2025, among GS Mortgage Securities Corporation II, as depositor, Trimont LLC, as master servicer, Torchlight Loan Services, LLC, as special servicer, Computershare Trust Company, National Association, as certificate administrator and as trustee, and Park Bridge Lender Services LLC, as operating advisor and as asset representations reviewer.	(E)
8	Tax Opinion of Cadwalader, Wickersham & Taft LLP, dated October 30, 2025 (included as part of Exhibit 5).	(E)
4.2	Trust and Servicing Agreement, dated as of August 5, 2025, between Deutsche Mortgage & Asset Receiving Corporation, as depositor, Trimont LLC, as master servicer, Mount Street US (Georgia) LLP, as special servicer, Deutsche Bank National Trust Company, as certificate administrator, paying agent and custodian, Computershare Trust Company, National Association, as trustee, and Park Bridge Lender Services LLC, as operating advisor.	(E)
23	Consent Opinion of Cadwalader, Wickersham & Taft LLP, dated October 30, 2025 (included as part of Exhibit 5).	(E)
4.3	Pooling and Servicing Agreement, dated and effective as of October 1, 2025, among J.P. Morgan Chase Commercial Mortgage Securities Corp., as depositor, Trimont LLC, as master servicer, Torchlight Loan Services, LLC, as special servicer, Computershare Trust Company, National Association, as certificate administrator, Deutsche Bank National Trust Company, as trustee, and Pentalpha Surveillance LLC, as operating advisor and as asset representations reviewer.	(E)
4.4	Pooling and Servicing Agreement, dated and effective as of September 1, 2025, among Barclays Commercial Mortgage Securities LLC, as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer, 3650 REIT Loan Servicing LLC, as special servicer, Computershare Trust Company, National Association, as certificate administrator and as trustee, and	(E)

	Pentalpha Surveillance LLC, as operating advisor and as asset representations reviewer.
4.5	Pooling and Servicing Agreement, dated as of September 1, 2025, between Deutsche Mortgage & Asset Receiving Corporation, as depositor, Trimont LLC, as master servicer, Greystone Servicing Company LLC, as special servicer, Computershare Trust Company, National Association, as trustee, certificate administrator, paying agent and custodian, and Park Bridge Lender Services LLC, as operating advisor and asset representations reviewer.	(E)
4.6	Co-Lender Agreement, dated as of September 30, 2025, between DBR Investments Co. Limited, as Note A-1 Holder, Note A-2 Holder and Note A-3 Holder, and Barclays Capital Real Estate Inc., as Note A-4 Holder, Note A-5 Holder and Note A-6 Holder, relating to the 9911 Belward Whole Loan.	(E)
4.7	Co-Lender Agreement, dated as of July 29, 2025, between German American Capital Corporation, as Initial Note A Holder, and German American Capital Corporation, as Initial Note B Holder, relating to the 180 Water Whole Loan.	(E)
4.8	Co-Lender Agreement, dated as of October 21, 2025, by and between Citi Real Estate Funding Inc., as Initial Note A-1 Holder, and Morgan Stanley Bank, N.A., as Initial Note A-2 Holder, relating to the 1010 Pacific Street Whole Loan.	(E)
4.9	Agreement Between Note Holders, dated as of September 5, 2025, by and between Wells Fargo Bank, National Association, as Initial Note A-1 Holder, and Citi Real Estate Funding Inc., as Initial Note A-2 Holder, relating to the Yosemite Hospitality Portfolio Whole Loan.	(E)
4.10	Agreement Between Noteholders, dated as of October 9, 2025, by and between Goldman Sachs Bank USA, as Initial Note A-1 Holder, and Goldman Sachs Bank USA, as Initial Note A-2 Holder, relating to the ESA Portfolio Whole Loan.	(E)
4.11	Co-Lender Agreement, dated as of October 13, 2025, by and between Citi Real Estate Funding Inc., as Initial Note A-1 Holder, and Citi Real Estate Funding Inc. as Initial Note A-2 Holder, relating to the 80-02 Kew Gardens Whole Loan.	(E)
4.12	Co-Lender Agreement, dated as of June 20, 2025, by and among Goldman Sachs Bank USA and Barclays Capital	(E)

	Real Estate Inc., relating to the Springfield Town Center Whole Loan.
4.13	Agreement Between Noteholders, dated as of October 9, 2025, by and between Goldman Sachs Bank USA, as Initial Note A-1 Holder, and Goldman Sachs Bank USA, as Initial Note A-2 Holder, relating to the 161 Washington Street Whole Loan.	(E)
4.14	Agreement Between Noteholders, dated as of August 6, 2025, by and between Goldman Sachs Bank USA, as Initial Note A-1 Holder, and Goldman Sachs Bank USA, as Initial Note A-2 Holder, relating to the Pacifica Hotel Portfolio (4-Pack) Whole Loan.	(E)
4.15	Agreement Between Noteholders, dated as of October 9, 2025, by and between Goldman Sachs Bank USA, as Initial Note A-1 Holder, and Goldman Sachs Bank USA, as Initial Note A-2 Holder, relating to the CFS Industrial HQ Whole Loan.	(E)
36.1	Depositor’s Certification for Shelf Offerings of Asset-Backed Securities in respect of that certain Prospectus, dated October 14, 2025.	(E)
99.1	Mortgage Loan Purchase Agreement, dated as of October 30, 2025, between Goldman Sachs Mortgage Company, as seller, and GS Mortgage Securities Corporation II, as purchaser.	(E)
99.2	Mortgage Loan Purchase Agreement, dated as of October 30, 2025, between German American Capital Corporation, as seller, and GS Mortgage Securities Corporation II, as purchaser.	(E)
99.3	Mortgage Loan Purchase Agreement, dated as of October 30, 2025, between Citi Real Estate Funding Inc., as seller and GS Mortgage Securities Corporation II, as purchaser.	(E)
99.4	Mortgage Loan Purchase Agreement, dated as of October 30, 2025, between Bank of Montreal, as seller, and GS Mortgage Securities Corporation II, as purchaser.	(E)
99.5	Mortgage Loan Purchase Agreement, dated as of October 30, 2025, among Barclays Capital Real Estate Inc., as seller, Barclays Capital Holdings Inc. and GS Mortgage Securities Corporation II, as purchaser.	(E)

Filing Compare · Benchmark 2025-V18 Mortgage Trust