| Benchmark 2025-V16 Commercial Mortgage Trust |
| Commercial Mortgage Pass-Through Certificates, Series 2025-V16 |
| STATEMENT TO NOTEHOLDERS |
| September 17, 2026 |
| TRANSACTION PARTIES | ||
| Depositor: | Citigroup Commercial Mortgage Securities Inc. | |
| Master Servicer: | Trimont LLC | |
| Special Servicer: | LNR Partners, LLC | |
| Asset Representations Reviewer / | ||
| Park Bridge Lender Services LLC | ||
| Operating Advisor: | ||
| Certificate Administrator: | Citibank, N.A. | |
| Trustee: | Wilmington Savings Fund Society, FSB | |
| Danny Lee | Citibank, Agency and Trust | |
| (212) 816-4936 | 388 Greenwich Street Trading, 4th Floor | |
| danny1.lee@citi.com | New York, NY 10013 | |
| TABLE OF CONTENTS | ||
| 1. | Distribution Summary | 2 |
| 1.1. | Summary | 2 |
| 1.2. | Factors | 3 |
| 2. | Distribution Detail | 4 |
| 2.1. | Interest Detail | 4 |
| 2.2. | Interest Shortfall Detail | 5 |
| 2.3. | Principal Detail | 6 |
| 3. | Reconciliation Detail | 7 |
| 4. | Other Information | 8 |
| 5. | Stratification Detail | 9 |
| 6. | Mortgage Loan Detail | 14 |
| 7. | NOI Detail | 16 |
| 8. | Delinquency Loan Detail | 18 |
| 9. | Collateral Performance Delinquency and Loan Status Detail | 19 |
| 10. | Appraisal Reduction Detail | 20 |
| 11. | Historical Appraisal Reduction Detail | 21 |
| 12. | Loan Modification Detail | 22 |
| 13. | Historical Loan Modification Detail | 23 |
| 14. | Specially Serviced Loan Detail | 24 |
| 15. | Historical Specially Serviced Loan Detail | 25 |
| 16. | Unscheduled Principal Detail | 26 |
| 17. | Historical Unscheduled Principal Detail | 27 |
| 18. | Liquidated Loan Detail | 28 |
| 19. | Historical Liquidated Loan Detail | 29 |
| 20. | CREFC Investor Reporting Package Legends | 30 |
| 21. | Notes | 31 |
| Reports Available at sf.citidirect.com | v. 21.09.28 | Page 1 of 31 | © Copyright 2026 Citigroup |
| Benchmark 2025-V16 Commercial Mortgage Trust |
| Commercial Mortgage Pass-Through Certificates, Series 2025-V16 |
| DISTRIBUTION SUMMARY |
| September 17, 2026 |
| Accretion | |||||||||||
| & | |||||||||||
| Non-Cash | |||||||||||
| Accrual | Other | Balance | |||||||||
| Original | Prior | Pass-Through | Day | Interest | (As Interest) | Principal | Total | Realized Loss | Increase/ | Current | |
| Class | Balance | Balance | Rate | Count | Distributed | Distributed | Distributed | Distributed | /(Recovery) | (Decrease) | Balance |
| A1 | 559,000.00 | 442,154.44 | 4.653000% | 30/360 | 1,714.45 | - | 8,756.06 | 10,470.51 | - | - | 433,398.38 |
| A2 | 115,000,000.00 | 115,000,000.00 | 4.957000% | 30/360 | 475,045.83 | - | - | 475,045.83 | - | - | 115,000,000.00 |
| A3 | 313,659,000.00 | 313,659,000.00 | 5.439000% | 30/360 | 1,421,659.42 | - | - | 1,421,659.42 | - | - | 313,659,000.00 |
| AS | 70,515,000.00 | 70,515,000.00 | 5.859000% | 30/360 | 344,289.49 | - | - | 344,289.49 | - | - | 70,515,000.00 |
| B | 27,592,000.00 | 27,592,000.00 | 6.339049% | 30/360 | 145,755.87 | - | - | 145,755.87 | - | - | 27,592,000.00 |
| C | 23,761,000.00 | 23,761,000.00 | 5.952000% | 30/360 | 117,854.56 | - | - | 117,854.56 | - | - | 23,761,000.00 |
| D | 19,928,000.00 | 19,928,000.00 | 4.500000% | 30/360 | 74,730.00 | - | - | 74,730.00 | - | - | 19,928,000.00 |
| E-RR | 11,497,000.00 | 11,497,000.00 | 6.474049% | 30/360 | 62,026.79 | - | - | 62,026.79 | - | - | 11,497,000.00 |
| F-RR | 7,664,000.00 | 7,664,000.00 | 6.474049% | 30/360 | 41,347.59 | - | - | 41,347.59 | - | - | 7,664,000.00 |
| G-RR | 22,994,480.00 | 22,994,480.00 | 6.474049% | 30/360 | 124,056.11 | - | - | 124,056.11 | - | - | 22,994,480.00 |
| V-RR | 11,493,805.00 | 11,491,614.75 | 0.000000% | 30/360 | 61,997.73 | - | 164.13 | 62,161.86 | - | - | 11,491,450.62 |
| R | - | - | 0.000000% | 30/360 | - | - | - | - | - | - | - |
| Total | 624,663,285.00 | 624,544,249.19 | 2,870,477.84 | - | 8,920.19 | 2,879,398.03 | - | - | 624,535,329.00 | ||
| Notional | |||||||||||
| XA | 429,218,000.00 | 429,101,154.44 | 1.165036% | 30/360 | 416,598.60 | - | - | 416,598.60 | - | (8,756.06) | 429,092,398.38 |
| XB | 121,868,000.00 | 121,868,000.00 | 0.488229% | 30/360 | 49,582.94 | - | - | 49,582.94 | - | - | 121,868,000.00 |
| XD | 19,928,000.00 | 19,928,000.00 | 1.974049% | 30/360 | 32,782.38 | - | - | 32,782.38 | - | - | 19,928,000.00 |
| Total | 571,014,000.00 | 570,897,154.44 | 498,963.92 | - | - | 498,963.92 | - | (8,756.06) | 570,888,398.38 | ||
| Grand Total | 1,195,677,285 | 1,195,441,404 | 3,369,441.76 | - | 8,920.19 | 3,378,361.95 | - | (8,756.06) | 1,195,423,727 | ||
| Reports Available at sf.citidirect.com | v. 21.09.28 | Page 2 of 31 | © Copyright 2026 Citigroup |
| Benchmark 2025-V16 Commercial Mortgage Trust |
| Commercial Mortgage Pass-Through Certificates, Series 2025-V16 |
| DISTRIBUTION SUMMARY - FACTORS |
| September 17, 2026 |
| Accretion | |||||||||
| & | |||||||||
| Non-Cash | |||||||||
| Other | Balance | ||||||||
| Record | Interest | (As Interest) | Principal | Total | Realized Loss | Increase/ | Current | ||
| Class | CUSIP | Date | Distributed | Distributed | Distributed | Distributed | /(Recovery) | (Decrease) | Balance |
| A1 | 08164RAA3 | 08/31/2026 | 3.06699463 | - | 15.66379249 | 18.73078712 | - | - | 775.31016100 |
| A2 | 08164RAB1 | 08/31/2026 | 4.13083330 | - | - | 4.13083330 | - | - | 1,000.00000000 |
| A3 | 08164RAC9 | 08/31/2026 | 4.53250001 | - | - | 4.53250001 | - | - | 1,000.00000000 |
| XA | 08164RAD7 | 08/31/2026 | 0.97059909 | - | - | 0.97059909 | - | - | 999.70737103 |
| AS | 08164RAV7 | 08/31/2026 | 4.88250004 | - | - | 4.88250004 | - | - | 1,000.00000000 |
| B | 08164RAF2 | 08/31/2026 | 5.28254095 | - | - | 5.28254095 | - | - | 1,000.00000000 |
| C | 08164RAG0 | 08/31/2026 | 4.96000000 | - | - | 4.96000000 | - | - | 1,000.00000000 |
| XB | 08164RAE5 | 08/31/2026 | 0.40685775 | - | - | 0.40685775 | - | - | 1,000.00000000 |
| D | 08164RAK1 U08129AB1 | 08/31/2026 | 3.75000000 | - | - | 3.75000000 | - | - | 1,000.00000000 |
| XD | 08164RAH8 U08129AA3 | 08/31/2026 | 1.64504115 | - | - | 1.64504115 | - | - | 1,000.00000000 |
| E-RR | 08164RAN5 | 08/31/2026 | 5.39504132 | - | - | 5.39504132 | - | - | 1,000.00000000 |
| F-RR | 08164RAQ8 | 08/31/2026 | 5.39504045 | - | - | 5.39504045 | - | - | 1,000.00000000 |
| G-RR | 08164RAS4 | 08/31/2026 | 5.39503872 | - | - | 5.39503872 | - | - | 1,000.00000000 |
| V-RR | 08164R204 | 08/31/2026 | 5.39401269 | - | 0.01427987 | 5.40829255 | - | - | 999.79516096 |
| R | 08164RAT2 | 08/31/2026 | - | - | - | - | - | - | - |
| Reports Available at sf.citidirect.com | v. 21.09.28 | Page 3 of 31 | © Copyright 2026 Citigroup |
| Benchmark 2025-V16 Commercial Mortgage Trust |
| Commercial Mortgage Pass-Through Certificates, Series 2025-V16 |
| DISTRIBUTION INFORMATION - INTEREST DETAIL |
| September 17, 2026 |
| Rate | Interest | Shortfall | Paid | ||||||||||
| Cap | |||||||||||||
| Accrual | Net | Accreted | Non | Carry | Cap Carryover | Carryover | |||||||
| Class | Uncapped Capped | Next | Dates | Accrued | /Deferred | Recovered | Forward | /Basis Risk | Accrued | Carry Forward /Basis Risk | Total | ||
| A1 | 4.65300% | 4.65300% | 4.65300% | 08/01-08/31 | 1,714.45 | - | - | - | - | 1,714.45 | - | - | 1,714.45 |
| A2 | 4.95700% | 4.95700% | 4.95700% | 08/01-08/31 | 475,045.83 | - | - | - | - | 475,045.83 | - | - | 475,045.83 |
| A3 | 5.43900% | 5.43900% | 5.43900% | 08/01-08/31 | 1,421,659.42 | - | - | - | - | 1,421,659.42 | - | - | 1,421,659.42 |
| AS | 5.85900% | 5.85900% | 5.85900% | 08/01-08/31 | 344,289.49 | - | - | - | - | 344,289.49 | - | - | 344,289.49 |
| B | 6.33900% | 6.33905% | 6.33905% | 08/01-08/31 | 145,755.87 | - | - | - | - | 145,755.87 | - | - | 145,755.87 |
| C | 5.95200% | 5.95200% | 5.95200% | 08/01-08/31 | 117,854.56 | - | - | - | - | 117,854.56 | - | - | 117,854.56 |
| D | 4.50000% | 4.50000% | 4.50000% | 08/01-08/31 | 74,730.00 | - | - | - | - | 74,730.00 | - | - | 74,730.00 |
| E-RR | 6.47400% | 6.47405% | 6.47405% | 08/01-08/31 | 62,026.79 | - | - | - | - | 62,026.79 | - | - | 62,026.79 |
| F-RR | 6.47400% | 6.47405% | 6.47405% | 08/01-08/31 | 41,347.59 | - | - | - | - | 41,347.59 | - | - | 41,347.59 |
| G-RR | 6.47400% | 6.47405% | 6.47405% | 08/01-08/31 | 124,056.16 | - | - | 16.32 | - | 124,056.11 | - | - | 124,056.11 |
| V-RR | 0.00000% | 0.00000% | 0.00000% | 08/01-08/31 | 61,997.73 | - | - | - | - | 61,997.73 | - | - | 61,997.73 |
| R | 0.00000% | 0.00000% | 0.00000% | 08/01-08/31 | - | - | - | - | - | - | - | - | - |
| Total | 2,870,477.89 | - | - | 16.32 | - | 2,870,477.84 | - | - | 2,870,477.84 | ||||
| Notional | |||||||||||||
| XA | 1.16500% | 1.16504% | 1.16504% | 08/01-08/31 | 416,598.60 | - | - | - | - | 416,598.60 | - | - | 416,598.60 |
| XB | 0.48800% | 0.48823% | 0.48823% | 08/01-08/31 | 49,582.94 | - | - | - | - | 49,582.94 | - | - | 49,582.94 |
| XD | 1.97400% | 1.97405% | 0.00000% | 08/01-08/31 | 32,782.38 | - | - | - | - | 32,782.38 | - | - | 32,782.38 |
| Total | 498,963.92 | - | - | - | - | 498,963.92 | - | - | 498,963.92 | ||||
| Grand Total | 3,369,441.81 | - | - | 16.32 | - | 3,369,441.76 | - | - | 3,369,441.76 | ||||
| Reports Available at sf.citidirect.com | v. 21.09.28 | Page 4 of 31 | © Copyright 2026 Citigroup |
| Benchmark 2025-V16 Commercial Mortgage Trust |
| Commercial Mortgage Pass-Through Certificates, Series 2025-V16 |
| DISTRIBUTION INFORMATION - INTEREST SHORTFALL DETAIL |
| September 17, 2026 |
| Cap Carryover / | |||||||||||||
| Non-Recov Shortfall | Carry Forward Interest | Basis Risk Shortfall | |||||||||||
| Other | |||||||||||||
| Class | PPIS | SSRA | Shortfall | Prior | Int. on Prior | New | Paid | Outstanding | Prior | Int. on Prior | New | Paid | Outstanding |
| A1 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| A2 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| A3 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| AS | - | - | - | - | - | - | - | - | - | - | - | - | - |
| B | - | - | - | - | - | - | - | - | - | - | - | - | - |
| C | - | - | - | - | - | - | - | - | - | - | - | - | - |
| D | - | - | - | - | - | - | - | - | - | - | - | - | - |
| E-RR | - | - | - | - | - | - | - | - | - | - | - | - | - |
| F-RR | - | - | - | - | - | - | - | - | - | - | - | - | - |
| G-RR | - | - | - | 3,015.65 | 16.27 | 0.05 | - | 3,031.97 | - | - | - | - | - |
| V-RR | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total | - | - | - | 3,015.65 | 16.27 | 0.05 | - | 3,031.97 | - | - | - | - | - |
| Notional | |||||||||||||
| XA | - | - | - | - | - | - | - | - | - | - | - | - | - |
| XB | - | - | - | - | - | - | - | - | - | - | - | - | - |
| XD | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Grand Total | - | - | - | 3,015.65 | 16.27 | 0.05 | - | 3,031.97 | - | - | - | - | - |
| Reports Available at sf.citidirect.com | v. 21.09.28 | Page 5 of 31 | © Copyright 2026 Citigroup |
| Benchmark 2025-V16 Commercial Mortgage Trust |
| Commercial Mortgage Pass-Through Certificates, Series 2025-V16 |
| DISTRIBUTION INFORMATION - PRINCIPAL DETAIL |
| September 17, 2026 |
| Accretion | |||||||||||
| & | |||||||||||
| Non-Cash | |||||||||||
| Balance | Cumulative | ||||||||||
| Prior | Principal | Accreted | Realized Loss | Increase/ | Current | Realized | Class % | Class % | Sub % | Sub % | |
| Class | Balance | Distributed | Principal | /(Recovery) | (Decrease) | Balance | Loss | Original | Current | Original | Current |
| A1 | 442,154.44 | 8,756.06 | - | - | - | 433,398.38 | - | 0.00% | 0.07% | 0.00% | 30.01% |
| A2 | 115,000,000.00 | - | - | - | - | 115,000,000.00 | - | 0.00% | 18.41% | 0.00% | 30.01% |
| A3 | 313,659,000.00 | - | - | - | - | 313,659,000.00 | - | 0.00% | 50.22% | 0.00% | 30.01% |
| AS | 70,515,000.00 | - | - | - | - | 70,515,000.00 | - | 0.00% | 11.29% | 0.00% | 18.50% |
| B | 27,592,000.00 | - | - | - | - | 27,592,000.00 | - | 0.00% | 4.42% | 0.00% | 14.00% |
| C | 23,761,000.00 | - | - | - | - | 23,761,000.00 | - | 0.00% | 3.80% | 0.00% | 10.13% |
| D | 19,928,000.00 | - | - | - | - | 19,928,000.00 | - | 0.00% | 3.19% | 0.00% | 6.88% |
| E-RR | 11,497,000.00 | - | - | - | - | 11,497,000.00 | - | 0.00% | 1.84% | 0.00% | 5.00% |
| F-RR | 7,664,000.00 | - | - | - | - | 7,664,000.00 | - | 0.00% | 1.23% | 0.00% | 3.75% |
| G-RR | 22,994,480.00 | - | - | - | - | 22,994,480.00 | - | 0.00% | 3.68% | 0.00% | 0.00% |
| V-RR | 11,491,614.75 | 164.13 | - | - | - | 11,491,450.62 | - | 0.00% | 0.00% | 0.00% | 0.00% |
| R | - | - | - | - | - | - | - | 0.00% | 0.00% | 0.00% | 0.00% |
| Total | 624,544,249.19 | 8,920.19 | - | - | - | 624,535,329.00 | - | 0.00% | 98.16% | ||
| Reports Available at sf.citidirect.com | v. 21.09.28 | Page 6 of 31 | © Copyright 2026 Citigroup |
| Benchmark 2025-V16 Commercial Mortgage Trust |
| Commercial Mortgage Pass-Through Certificates, Series 2025-V16 |
| RECONCILIATION DETAIL |
| September 17, 2026 |
| SOURCE OF FUNDS | ALLOCATION OF FUNDS | ||||
| Interest Funds Available | Scheduled Fees | ||||
| Scheduled Interest | 3,379,483.16 | Servicing Fee | 1,259.07 | ||
| Prepayment Interest Shortfall | - | Trustee/Certificate Administrator Fee | 6,889.26 | ||
| Interest Adjustments | - | Operating Advisor Fee | 1,409.04 | ||
| ASER Amount | - | Asset Representations Reviewer Ongoing Fee | 215.10 | ||
| Realized Loss in Excess of Principal Balance | - | CREFC Intellectual Property Royalty License Fee | 268.93 | ||
| Total Interest Funds Available | 3,379,483.16 | Total Scheduled Fees | 10,041.40 | ||
| Principal Funds Available | Additional Fees, Expenses, etc. | ||||
| Scheduled Principal | 8,920.19 | Additional Servicing Fee | - | ||
| Unscheduled Principal Collections | - | Special Servicing Fee | - | ||
| Net Liquidation Proceeds | - | Work-out Fee | - | ||
| Repurchased Principal | - | Liquidation Fee | - | ||
| Substitution Principal | - | Trust Fund Expenses | - | ||
| Other Principal | - | Trust Advisor Expenses | - | ||
| Reimbursement of Interest on Advances to the Servicer | - | ||||
| Total Principal Funds Available | 8,920.19 | ||||
| Borrower Reimbursable Trust Fund Expenses | - | ||||
| Other Funds Available | |||||
| Other Expenses | - | ||||
| Yield Maintenance Charges | - | ||||
| Withdrawal of Withheld Amounts from the Interest Reserve | Total Additional Fees, Expenses, etc. | - | |||
| Account | - | ||||
| Distributions | |||||
| Deposit of Withheld Amounts to the Interest Reserve Account | - | ||||
| Interest Distribution | 3,369,441.76 | ||||
| Total Other Funds Available | - | Principal Distribution | 8,920.19 | ||
| Yield Maintenance Charge Distribution | - | ||||
| Total Distributions | 3,378,361.95 | ||||
| Total Funds Available | 3,388,403.35 | ||||
| Total Funds Allocated | 3,388,403.35 | ||||
| Reports Available at sf.citidirect.com | v. 21.09.28 | Page 7 of 31 | © Copyright 2026 Citigroup |
| Benchmark 2025-V16 Commercial Mortgage Trust |
| Commercial Mortgage Pass-Through Certificates, Series 2025-V16 |
| OTHER INFORMATION |
| September 17, 2026 |
| Available Funds | |
| Pooled Available Funds | 3,378,361.95 |
| Interest Reserve Account Information | |
| Beginning Interest Reserve Account Balance | 0.00 |
| Deposit of Withheld Amounts to the Interest Reserve Account | 0.00 |
| Withdrawal of Withheld Amounts from the Interest Reserve Account | 0.00 |
| Ending Interest Reserve Account Balance | 0.00 |
| Excess Liquidation Proceeds Reserve Account Information | |
| Beginning Excess Liquidation Proceeds Reserve Account Balance | 0.00 |
| Deposit to the Excess Liquidation Proceeds Reserve Account | 0.00 |
| Withdrawal from the Excess Liquidation Proceeds Reserve Account | 0.00 |
| Ending Excess Liquidation Proceeds Reserve Account Balance | 0.00 |
| Collateral Information | |
| % of Cut-Off Principal Balance Outstanding | 99.979516% |
| Controlling Class Information | |
| The Controlling Class is Class G-RR. | |
| The Controlling Class Representative is V13 B-Piece Grand Avenue Partners, LLC. | |
| There has not yet been notification of the current Loan-Specific Controlling Class Representative. | |
| There Are No Disclosable Special Servicer Fees. |
| Reports Available at sf.citidirect.com | v. 21.09.28 | Page 8 of 31 | © Copyright 2026 Citigroup |
| Benchmark 2025-V16 Commercial Mortgage Trust |
| Commercial Mortgage Pass-Through Certificates, Series 2025-V16 |
| STRATIFICATION DETAIL |
| September 17, 2026 |
| Anticipated Remaining Term | ||||||
| Anticipated Remaining | Asset | Ending Scheduled | % of | Wtd Avg | ||
| Term Range | Count | Balance | Agg.Bal. WAC | WAM | DSCR | |
| 60 Months or Less | 35 | 624,535,329.07 | 100.00 | 6.2839 | 45 | 1.417624 |
| 61 to 90 Months | 0 | 0.00 | 0.00 | 0.0000 | 0 | 0.000000 |
| 91 Months or Greater | 0 | 0.00 | 0.00 | 0.0000 | 0 | 0.000000 |
| Total | 35 | 624,535,329.07 | 100.00 | 6.2839 | 45 | 1.417624 |
| Debt Service Coverage Ratio | ||||||
| Debt Service Coverage | Asset | Ending Scheduled | % of | Wtd Avg | ||
| Ratio Range | Count | Balance | Agg.Bal. WAC | WAM | DSCR | |
| 1.250 or Less | 13 | 171,790,000.00 | 27.51 | 5.8871 | 46 | 0.716924 |
| 1.251 to 1.500 | 11 | 246,200,000.00 | 39.42 | 6.5990 | 44 | 1.351512 |
| 1.501 to 1.750 | 7 | 90,895,329.07 | 14.55 | 7.1127 | 44 | 1.596911 |
| 1.751 to 2.000 | 0 | 0.00 | 0.00 | 0.0000 | 0 | 0.000000 |
| 2.001 to 2.250 | 1 | 18,650,000.00 | 2.99 | 6.0520 | 46 | 2.123600 |
| 2.251 to 2.500 | 1 | 56,500,000.00 | 9.05 | 5.5200 | 45 | 2.468700 |
| 2.501 to 2.750 | 2 | 40,500,000.00 | 6.48 | 5.3638 | 46 | 2.597911 |
| 2.751 to 3.000 | 0 | 0.00 | 0.00 | 0.0000 | 0 | 0.000000 |
| 3.001 to 3.250 | 0 | 0.00 | 0.00 | 0.0000 | 0 | 0.000000 |
| 3.251 to 3.500 | 0 | 0.00 | 0.00 | 0.0000 | 0 | 0.000000 |
| 3.501 to 3.750 | 0 | 0.00 | 0.00 | 0.0000 | 0 | 0.000000 |
| 3.751 to 4.000 | 0 | 0.00 | 0.00 | 0.0000 | 0 | 0.000000 |
| 4.001 or Greater | 0 | 0.00 | 0.00 | 0.0000 | 0 | 0.000000 |
| Total | 35 | 624,535,329.07 | 100.00 | 6.2839 | 45 | 1.417624 |
| Reports Available at sf.citidirect.com | v. 21.09.28 | Page 9 of 31 | © Copyright 2026 Citigroup |
| Benchmark 2025-V16 Commercial Mortgage Trust |
| Commercial Mortgage Pass-Through Certificates, Series 2025-V16 |
| STRATIFICATION DETAIL |
| September 17, 2026 |
| Ending Schedule Balance | ||||||
| Ending Schedule Balance | Asset | Ending Scheduled | % of | Wtd Avg | ||
| Range | Count | Balance | Agg.Bal. WAC WAM | DSCR | ||
| 1 to 5,000,000 | 2 | 6,225,344.95 | 1.00 | 6.3934 | 46 | 0.583913 |
| 10,000,001 to 15,000,000 | 5 | 59,119,984.12 | 9.47 | 6.4290 | 45 | 1.190025 |
| 15,000,001 to 20,000,000 | 7 | 128,600,000.00 | 20.59 | 6.5765 | 44 | 1.638218 |
| 20,000,001 to 25,000,000 | 5 | 110,700,000.00 | 17.73 | 5.9513 | 46 | 1.189739 |
| 25,000,001 to 30,000,000 | 0 | 0.00 | 0.00 | 0.0000 | 0 | 0.000000 |
| 30,000,001 to 35,000,000 | 1 | 35,000,000.00 | 5.60 | 6.7300 | 44 | 1.330000 |
| 35,000,001 to 40,000,000 | 1 | 38,623,965.50 | 6.18 | 5.3757 | 47 | 1.215100 |
| 40,000,001 to 45,000,000 | 1 | 40,500,000.00 | 6.48 | 5.8700 | 46 | 1.344600 |
| 45,000,001 to 50,000,000 | 0 | 0.00 | 0.00 | 0.0000 | 0 | 0.000000 |
| 5,000,001 to 10,000,000 | 11 | 94,266,034.50 | 15.09 | 6.7762 | 45 | 1.109290 |
| 50,000,001 to 55,000,000 | 1 | 55,000,000.00 | 8.81 | 6.7000 | 46 | 1.400000 |
| 55,000,001 to 60,000,000 | 1 | 56,500,000.00 | 9.05 | 5.5200 | 45 | 2.468700 |
| 60,000,001 to 65,000,000 | 0 | 0.00 | 0.00 | 0.0000 | 0 | 0.000000 |
| 65,000,001 to 70,000,000 | 0 | 0.00 | 0.00 | 0.0000 | 0 | 0.000000 |
| 70,000,001 to 75,000,000 | 0 | 0.00 | 0.00 | 0.0000 | 0 | 0.000000 |
| 75,000,001 to 80,000,000 | 0 | 0.00 | 0.00 | 0.0000 | 0 | 0.000000 |
| 80,000,001 to 85,000,000 | 0 | 0.00 | 0.00 | 0.0000 | 0 | 0.000000 |
| 85,000,000+ | 0 | 0.00 | 0.00 | 0.0000 | 0 | 0.000000 |
| Total | 35 | 624,535,329.07 | 100.00 | 6.2839 | 45 | 1.417624 |
| Reports Available at sf.citidirect.com | v. 21.09.28 | Page 10 of 31 | © Copyright 2026 Citigroup |
| Benchmark 2025-V16 Commercial Mortgage Trust |
| Commercial Mortgage Pass-Through Certificates, Series 2025-V16 |
| STRATIFICATION DETAIL |
| September 17, 2026 |
| Loan Rate | ||||||
| Asset | Ending Scheduled | % of | Wtd Avg | |||
| Loan Rate Range | Count | Balance | Agg.Bal. WAC WAM | DSCR | ||
| 4.00 or Less | 0 | 0.00 | 0.00 | 0.0000 | 0 | 0.000000 |
| 4.01 to 4.25 | 0 | 0.00 | 0.00 | 0.0000 | 0 | 0.000000 |
| 4.26 to 4.50 | 0 | 0.00 | 0.00 | 0.0000 | 0 | 0.000000 |
| 4.51 to 4.75 | 0 | 0.00 | 0.00 | 0.0000 | 0 | 0.000000 |
| 4.76 to 5.00 | 0 | 0.00 | 0.00 | 0.0000 | 0 | 0.000000 |
| 5.01 to 5.25 | 0 | 0.00 | 0.00 | 0.0000 | 0 | 0.000000 |
| 5.26 to 5.50 | 7 | 123,000,000.00 | 19.69 | 5.3834 | 46 | 1.236971 |
| 5.51 to 5.75 | 1 | 56,500,000.00 | 9.05 | 5.5200 | 45 | 2.468700 |
| 5.76 to 6.00 | 4 | 102,200,000.00 | 16.36 | 5.9018 | 45 | 1.132344 |
| 6.01 to 6.25 | 1 | 18,650,000.00 | 2.99 | 6.0520 | 46 | 2.123600 |
| 6.26 to 6.50 | 3 | 29,300,000.00 | 4.69 | 6.4681 | 45 | 1.209625 |
| 6.51 to 6.75 | 6 | 141,500,000.00 | 22.66 | 6.6886 | 45 | 1.307924 |
| 6.76 to 7.00 | 6 | 77,145,329.07 | 12.35 | 6.9199 | 45 | 1.516192 |
| 7.01 or Greater | 7 | 76,240,000.00 | 12.21 | 7.4061 | 43 | 1.323668 |
| Total | 35 | 624,535,329.07 | 100.00 | 6.2839 | 45 | 1.417624 |
| Property Type | ||||||
| Asset | Ending Scheduled | % of | Wtd Avg | |||
| Property Type Range | Count | Balance | Agg.Bal. WAC WAM | DSCR | ||
| Industrial | 2 | 20,000,000.00 | 3.20 | 6.9350 | 45 | 1.043850 |
| Lodging | 3 | 45,650,000.00 | 7.31 | 7.2534 | 45 | 1.462704 |
| Mixed Use | 6 | 126,950,000.00 | 20.33 | 6.1584 | 45 | 2.009562 |
| Multifamily | 6 | 112,340,000.00 | 17.99 | 6.2933 | 45 | 1.089146 |
| Office | 3 | 39,045,329.07 | 6.25 | 7.3050 | 41 | 1.522979 |
| Other | 7 | 123,000,000.00 | 19.69 | 5.3834 | 46 | 1.236971 |
| Retail | 3 | 79,100,000.00 | 12.67 | 6.7026 | 45 | 1.336777 |
| Self Storage | 4 | 72,800,000.00 | 11.66 | 6.1614 | 45 | 1.321848 |
| Total | 35 | 624,535,329.07 | 100.00 | 6.2839 | 45 | 1.417624 |
| Reports Available at sf.citidirect.com | v. 21.09.28 | Page 11 of 31 | © Copyright 2026 Citigroup |
| Benchmark 2025-V16 Commercial Mortgage Trust |
| Commercial Mortgage Pass-Through Certificates, Series 2025-V16 |
| STRATIFICATION DETAIL |
| September 17, 2026 |
| Remaining Amortization Term | ||||||
| Remaining Amortization | Asset | Ending Scheduled | % of | Wtd Avg | ||
| Term Range | Count | Balance | Agg.Bal. | WAC | WAM | DSCR |
| 240 Months or Less | 34 | 612,190,000.00 | 98.02 | 6.2714 | 45 | 1.413342 |
| 241 to 270 Months | 0 | 0.00 | 0.00 | 0.0000 | 0 | 0.000000 |
| 271 to 300 Months | 0 | 0.00 | 0.00 | 0.0000 | 0 | 0.000000 |
| 301 Months or Greater | 1 | 12,345,329.07 | 1.98 | 6.9000 | 44 | 1.630000 |
| Total | 35 | 624,535,329.07 | 100.00 | 6.2839 | 45 | 1.417624 |
| Seasoning | ||||||
| Asset | Ending Scheduled | % of | Wtd Avg | |||
| Seasoning Range | Count | Balance | Agg.Bal. | WAC | WAM | DSCR |
| 12 Months or Less | 0 | 0.00 | 0.00 | 0.0000 | 0 | 0.000000 |
| 13 to 24 Months | 35 | 624,535,329.07 | 100.00 | 6.2839 | 45 | 1.417624 |
| 25 to 36 Months | 0 | 0.00 | 0.00 | 0.0000 | 0 | 0.000000 |
| 37 to 48 Months | 0 | 0.00 | 0.00 | 0.0000 | 0 | 0.000000 |
| 49 Months or Greater | 0 | 0.00 | 0.00 | 0.0000 | 0 | 0.000000 |
| Total | 35 | 624,535,329.07 | 100.00 | 6.2839 | 45 | 1.417624 |
| Reports Available at sf.citidirect.com | v. 21.09.28 | Page 12 of 31 | © Copyright 2026 Citigroup |
| Benchmark 2025-V16 Commercial Mortgage Trust |
| Commercial Mortgage Pass-Through Certificates, Series 2025-V16 |
| STRATIFICATION DETAIL |
| September 17, 2026 |
| State | ||||||
| Asset | Ending Scheduled | % of | Wtd Avg | |||
| State Range | Count | Balance | Agg.Bal. WAC WAM | DSCR | ||
| California | 2 | 38,700,000.00 | 6.20 | 7.2399 | 43 | 1.493683 |
| Connecticut | 1 | 10,000,000.00 | 1.60 | 7.3790 | 42 | 1.730000 |
| District of Columbia | 1 | 22,500,000.00 | 3.60 | 5.4389 | 47 | 2.620000 |
| Florida | 3 | 45,650,000.00 | 7.31 | 7.1636 | 45 | 1.410875 |
| Louisiana | 2 | 27,140,000.00 | 4.35 | 6.9095 | 46 | 1.109262 |
| Michigan | 1 | 10,000,000.00 | 1.60 | 6.7400 | 46 | 0.694900 |
| Missouri | 1 | 12,345,329.07 | 1.98 | 6.9000 | 44 | 1.630000 |
| N/A | 4 | 43,876,034.50 | 7.03 | 5.4081 | 47 | 0.000000 |
| New Jersey | 2 | 48,000,000.00 | 7.69 | 6.6948 | 44 | 1.335796 |
| New York | 9 | 205,050,000.00 | 32.83 | 6.1740 | 45 | 1.709800 |
| Pennsylvania | 1 | 10,600,000.00 | 1.70 | 6.5000 | 45 | 1.517000 |
| South Carolina | 1 | 20,700,000.00 | 3.31 | 6.0000 | 47 | 0.515000 |
| Texas | 1 | 10,000,000.00 | 1.60 | 7.1300 | 45 | 1.392800 |
| Utah | 1 | 8,500,000.00 | 1.36 | 6.5750 | 46 | 1.400000 |
| Various | 4 | 102,773,965.50 | 16.46 | 5.6435 | 46 | 1.501450 |
| Washington | 1 | 8,700,000.00 | 1.39 | 6.4500 | 46 | 0.934000 |
| Total | 35 | 624,535,329.07 | 100.00 | 6.2839 | 45 | 1.417624 |
| Reports Available at sf.citidirect.com | v. 21.09.28 | Page 13 of 31 | © Copyright 2026 Citigroup |
| Benchmark 2025-V16 Commercial Mortgage Trust |
| Commercial Mortgage Pass-Through Certificates, Series 2025-V16 |
| MORTGAGE LOAN DETAIL |
| September 17, 2026 |
| Prop | Paid | Beginning | Ending | Payment Workout Mod | ||||||||||
| Type | Through | Gross | Interest | Principal | Scheduled | Scheduled | Maturity | Status | Strategy Code | |||||
| Loan ID | OMCR | (1) | City | State | Date | Coupon | Payment | Payment | Balance | Balance | Date | (2) | (3) | (4) |
| 330170001 | 1 | N/A | Various | XX | 09/09/2026 | 5.37574% | 178,794.73 | - | 38,623,965.50 | 38,623,965.50 | 07/09/2030 | 0 | 0 | 0 |
| 883101363 | 10 | LO | New Orleans | LA | 09/06/2026 | 6.87000% | 118,316.67 | - | 20,000,000.00 | 20,000,000.00 | 07/06/2030 | 0 | 0 | 0 |
| 330170011 | 11 | RT | Poinciana | FL | 09/06/2026 | 6.66500% | 114,786.11 | - | 20,000,000.00 | 20,000,000.00 | 06/06/2030 | 0 | 0 | 0 |
| 330170012 | 12 | MU | New York | NY | 09/06/2026 | 6.05200% | 97,193.44 | - | 18,650,000.00 | 18,650,000.00 | 07/06/2030 | 0 | 0 | 0 |
| 330170013 | 13 | N/A | Various | XX | 09/06/2026 | 5.27000% | 81,685.00 | - | 18,000,000.00 | 18,000,000.00 | 07/06/2030 | 0 | 0 | 0 |
| 330170014 | 14 | MF | New York | NY | 09/06/2026 | 5.85000% | 90,675.00 | - | 18,000,000.00 | 18,000,000.00 | 07/06/2030 | 0 | 0 | 0 |
| 330170015 | 15 | LO | Madeira Beach | FL | 09/06/2026 | 7.87000% | 116,902.29 | - | 17,250,000.00 | 17,250,000.00 | 06/06/2030 | 0 | 0 | 0 |
| 301271940 | 16 | OF | Sacramento | CA | 09/06/2026 | 7.56000% | 108,717.00 | - | 16,700,000.00 | 16,700,000.00 | 12/06/2029 | 0 | 0 | 0 |
| 330170017 | 17 | SS | Passaic | NJ | 09/06/2026 | 6.60000% | 73,883.33 | - | 13,000,000.00 | 13,000,000.00 | 06/06/2030 | 0 | 0 | 0 |
| 330170018 | 18 | OF | Clayton | MO | 09/05/2026 | 6.90000% | 73,404.83 | 8,920.19 | 12,354,249.26 | 12,345,329.07 | 05/05/2030 | 0 | 0 | 0 |
| 330170019 | 19 | SS | Seven Fields | PA | 09/06/2026 | 6.50000% | 59,330.56 | - | 10,600,000.00 | 10,600,000.00 | 06/06/2030 | 0 | 0 | 0 |
| 330170101 | 1A | N/A | 09/09/2026 | 5.37574% | 29,515.39 | - | 6,376,034.50 | 6,376,034.50 | 07/09/2030 | 0 | 0 | 0 | ||
| 330170201 | 1B | N/A | 09/09/2026 | 5.37574% | 59,598.24 | - | 12,874,655.05 | 12,874,655.05 | 07/09/2030 | 0 | 0 | 0 | ||
| 330170301 | 1C | N/A | 09/09/2026 | 5.37574% | 9,838.46 | - | 2,125,344.95 | 2,125,344.95 | 07/09/2030 | 0 | 0 | 0 | ||
| 330170002 | 2 | MU | New York | NY | 09/06/2026 | 5.52000% | 268,563.33 | - | 56,500,000.00 | 56,500,000.00 | 06/06/2030 | 0 | 0 | 0 |
| 330170020 | 20 | MU | Yonkers | NY | 09/06/2026 | 6.89200% | 61,128.21 | - | 10,300,000.00 | 10,300,000.00 | 05/06/2030 | 0 | 0 | 0 |
| 330170021 | 21 | OF | Stamford | CT | 09/06/2026 | 7.37900% | 63,541.39 | - | 10,000,000.00 | 10,000,000.00 | 03/06/2030 | 0 | 0 | 0 |
| 330100002 | 22 | IN | Detroit | MI | 09/06/2026 | 6.74000% | 58,038.89 | - | 10,000,000.00 | 10,000,000.00 | 07/06/2030 | 0 | 0 | 0 |
| 330170023 | 23 | MU | New York | NY | 09/06/2026 | 6.45000% | 55,541.67 | - | 10,000,000.00 | 10,000,000.00 | 07/06/2030 | 0 | 0 | 0 |
| 330170024 | 24 | IN | Houston | TX | 09/06/2026 | 7.13000% | 61,397.22 | - | 10,000,000.00 | 10,000,000.00 | 06/06/2030 | 0 | 0 | 0 |
| 695101719 | 25 | MU | Brooklyn | NY | 09/06/2026 | 7.12000% | 58,245.56 | - | 9,500,000.00 | 9,500,000.00 | 05/06/2030 | 0 | 0 | 0 |
| 330170026 | 26 | SS | Spokane Valley | WA | 09/06/2026 | 6.45000% | 48,321.25 | - | 8,700,000.00 | 8,700,000.00 | 07/06/2030 | 0 | 0 | 0 |
| 330170027 | 27 | MF | Cedar City | UT | 07/06/2026 | 6.57500% | 48,125.35 | - | 8,500,000.00 | 8,500,000.00 | 07/06/2030 | 1 | 0 | 0 |
| 330170028 | 28 | LO | Orlando | FL | 09/06/2026 | 6.90000% | 49,910.00 | - | 8,400,000.00 | 8,400,000.00 | 07/06/2030 | 0 | 0 | 0 |
| 330170029 | 29 | MF | Lake Charles | LA | 08/06/2026 | 7.02000% | 43,161.30 | - | 7,140,000.00 | 7,140,000.00 | 08/06/2030 | B | 0 | 0 |
| 330170003 | 3 | RT | New York | NY | 09/06/2026 | 6.70000% | 317,319.44 | - | 55,000,000.00 | 55,000,000.00 | 07/06/2030 | 0 | 0 | 0 |
| 330170030 | 30 | MH | Various | XX | 09/06/2026 | 7.04000% | 34,251.56 | - | 5,650,000.00 | 5,650,000.00 | 07/06/2030 | 0 | 0 | 0 |
| 330170031 | 31 | RT | New York | NY | 09/06/2026 | 6.92100% | 24,434.98 | - | 4,100,000.00 | 4,100,000.00 | 07/06/2030 | 0 | 0 | 0 |
| 330170004 | 4 | N/A | Washington | DC | 08/11/2026 | 5.43886% | 105,377.94 | - | 22,500,000.00 | 22,500,000.00 | 07/11/2030 | A | 0 | 0 |
| 330170104 | 4A | N/A | 08/11/2026 | 5.43886% | 105,377.94 | - | 22,500,000.00 | 22,500,000.00 | 07/11/2030 | A | 0 | 0 | ||
| 330170005 | 5 | SS | Various | XX | 09/06/2026 | 5.87000% | 204,716.25 | - | 40,500,000.00 | 40,500,000.00 | 07/06/2030 | 0 | 0 | 0 |
| 330170006 | 6 | MF | Various | NJ | 09/06/2026 | 6.73000% | 202,834.72 | - | 35,000,000.00 | 35,000,000.00 | 05/06/2030 | 0 | 0 | 0 |
| Reports Available at sf.citidirect.com | v. 21.09.28 | Page 14 of 31 | © Copyright 2026 Citigroup |
| Benchmark 2025-V16 Commercial Mortgage Trust |
| Commercial Mortgage Pass-Through Certificates, Series 2025-V16 |
| MORTGAGE LOAN DETAIL |
| September 17, 2026 |
| Prop | Paid | Beginning | Ending | Payment | Workout | Mod | ||||||||
| Type | Through | Gross | Interest | Principal | Scheduled | Scheduled | Maturity | Status | Strategy | Code | ||||
| Loan ID | OMCR | (1) | City | State | Date | Coupon | Payment | Payment | Balance | Balance | Date | (2) | (3) | (4) |
| 329831001 | 7 | MF | Brooklyn | NY | 09/06/2026 | 5.91000% | 117,050.83 | - | 23,000,000.00 | 23,000,000.00 | 04/06/2030 | 0 | 0 | 0 |
| 330170008 | 8 | MU | Orinda | CA | 09/06/2026 | 6.99700% | 132,554.28 | - | 22,000,000.00 | 22,000,000.00 | 08/06/2030 | 0 | 0 | 0 |
| 330170009 | 9 | MF | Myrtle Beach | SC | 09/06/2026 | 6.00000% | 106,950.00 | - | 20,700,000.00 | 20,700,000.00 | 08/06/2030 | 0 | 0 | 0 |
| Total | Count = 35 | 3,379,483.16 | 8,920.19 | 624,544,249.26 | 624,535,329.07 | |||||||||
| Reports Available at sf.citidirect.com | v. 21.09.28 | Page 15 of 31 | © Copyright 2026 Citigroup |
| Benchmark 2025-V16 Commercial Mortgage Trust |
| Commercial Mortgage Pass-Through Certificates, Series 2025-V16 |
| NOI DETAIL |
| September 17, 2026 |
| Property | Ending | Preceding | Most | Most Recent | Most Recent | ||||
| Type | Scheduled | Fiscal | Recent | Financial As of | Financial Asof | ||||
| Loan ID | OMCR | (1) | City | State | Balance | Year NOI | NOI | Start Date | End Date |
| 330170001 | 1 | N/A | Various | XX | 38,623,965.50 | 84,349,368.96 | 20,776,352.00 | 01/01/2026 | 03/31/2026 |
| 883101363 | 10 | LO | New Orleans | LA | 20,000,000.00 | 16,994,473.16 | 15,171,057.40 | 07/01/2025 | 06/30/2026 |
| 330170011 | 11 | RT | Poinciana | FL | 20,000,000.00 | 4,268,125.52 | 1,048,521.00 | 01/01/2026 | 03/31/2026 |
| 330170012 | 12 | MU | New York | NY | 18,650,000.00 | 2,471,378.05 | 1,215,301.02 | 01/01/2026 | 06/30/2026 |
| 330170013 | 13 | N/A | Various | XX | 18,000,000.00 | 2,519,853.81 | 1,345,419.92 | 01/01/2026 | 06/30/2026 |
| 330170014 | 14 | MF | New York | NY | 18,000,000.00 | 1,392,013.08 | 358,372.26 | 01/01/2026 | 03/31/2026 |
| 330170015 | 15 | LO | Madeira Beach | FL | 17,250,000.00 | 2,442,408.00 | 2,320,522.88 | 07/01/2025 | 06/30/2026 |
| 301271940 | 16 | OF | Sacramento | CA | 16,700,000.00 | 2,159,862.66 | 924,829.87 | 01/01/2026 | 06/30/2026 |
| 330170017 | 17 | SS | Passaic | NJ | 13,000,000.00 | 1,095,775.43 | 590,446.96 | 01/01/2026 | 06/30/2026 |
| 330170018 | 18 | OF | Clayton | MO | 12,345,329.07 | 7,450,887.28 | 7,450,887.28 | Not Available | Not Available |
| 330170019 | 19 | SS | Seven Fields | PA | 10,600,000.00 | 963,278.67 | 534,884.70 | 01/01/2026 | 06/30/2026 |
| 330170101 | 1A | N/A | 6,376,034.50 | - | - | Not Available | Not Available | ||
| 330170201 | 1B | N/A | 12,874,655.05 | - | - | Not Available | Not Available | ||
| 330170301 | 1C | N/A | 2,125,344.95 | - | - | Not Available | Not Available | ||
| 330170002 | 2 | MU | New York | NY | 56,500,000.00 | 16,306,043.18 | 2,070,708.92 | 01/01/2026 | 03/31/2026 |
| 330170020 | 20 | MU | Yonkers | NY | 10,300,000.00 | 1,246,735.56 | 1,246,735.56 | Not Available | Not Available |
| 330170021 | 21 | OF | Stamford | CT | 10,000,000.00 | 15,821,208.31 | 15,821,208.31 | Not Available | Not Available |
| 330100002 | 22 | IN | Detroit | MI | 10,000,000.00 | 5,590,209.08 | 1,225,550.01 | 01/01/2026 | 03/31/2026 |
| 330170023 | 23 | MU | New York | NY | 10,000,000.00 | 898,973.75 | 389,503.29 | 01/01/2026 | 06/30/2026 |
| 330170024 | 24 | IN | Houston | TX | 10,000,000.00 | 1,025,599.21 | 514,465.36 | 01/01/2026 | 06/30/2026 |
| 695101719 | 25 | MU | Brooklyn | NY | 9,500,000.00 | 7,318,388.00 | 7,318,388.00 | Not Available | Not Available |
| 330170026 | 26 | SS | Spokane Valley | WA | 8,700,000.00 | 796,744.30 | 270,487.43 | 01/01/2026 | 06/30/2026 |
| 330170027 | 27 | MF | Cedar City | UT | 8,500,000.00 | 810,375.61 | 810,375.61 | Not Available | Not Available |
| 330170028 | 28 | LO | Orlando | FL | 8,400,000.00 | 1,553,339.78 | 1,095,337.21 | 04/01/2025 | 03/31/2026 |
| 330170029 | 29 | MF | Lake Charles | LA | 7,140,000.00 | 743,097.58 | 117,701.68 | 01/01/2026 | 06/30/2026 |
| 330170003 | 3 | RT | New York | NY | 55,000,000.00 | 5,275,155.74 | 5,275,155.74 | Not Available | Not Available |
| 330170030 | 30 | MH | Various | XX | 5,650,000.00 | 570,812.80 | 236,906.30 | 01/01/2026 | 06/30/2026 |
| 330170031 | 31 | RT | New York | NY | 4,100,000.00 | 399,524.36 | 63,042.20 | 01/01/2026 | 03/31/2026 |
| 330170004 | 4 | N/A | Washington | DC | 22,500,000.00 | 108,102,893.70 | 108,102,893.70 | Not Available | Not Available |
| 330170104 | 4A | N/A | 22,500,000.00 | - | - | Not Available | Not Available | ||
| 330170005 | 5 | SS | Various | XX | 40,500,000.00 | 3,247,504.77 | 3,241,190.72 | 07/01/2025 | 06/30/2026 |
| 330170006 | 6 | MF | Various | NJ | 35,000,000.00 | 3,266,224.19 | 3,266,224.19 | Not Available | Not Available |
| Reports Available at sf.citidirect.com | v. 21.09.28 | Page 16 of 31 | © Copyright 2026 Citigroup | ||||||
| Benchmark 2025-V16 Commercial Mortgage Trust |
| Commercial Mortgage Pass-Through Certificates, Series 2025-V16 |
| NOI DETAIL |
| September 17, 2026 |
| Property | Ending | Preceding | Most | Most Recent | Most Recent | ||||
| Type | Scheduled | Fiscal | Recent | Financial As of | Financial Asof | ||||
| Loan ID | OMCR | (1) | City | State | Balance | Year NOI | NOI | Start Date | End Date |
| 329831001 | 7 | MF | Brooklyn | NY | 23,000,000.00 | 6,763,382.00 | 6,088,596.62 | 07/01/2025 | 06/30/2026 |
| 330170008 | 8 | MU | Orinda | CA | 22,000,000.00 | 2,389,232.42 | 1,281,268.76 | 01/01/2026 | 06/30/2026 |
| 330170009 | 9 | MF | Myrtle Beach | SC | 20,700,000.00 | 1,562,368.03 | 169,228.50 | 01/01/2026 | 03/31/2026 |
| Total | Count = 35 | 624,535,329.07 | 309,795,236.99 | 210,341,563.40 | |||||
| Reports Available at sf.citidirect.com | v. 21.09.28 | Page 17 of 31 | © Copyright 2026 Citigroup |
| Benchmark 2025-V16 Commercial Mortgage Trust |
| Commercial Mortgage Pass-Through Certificates, Series 2025-V16 |
| DELINQUENCY LOAN DETAIL |
| September 17, 2026 |
| Actual | Paid | Current P&I | Total P&I | Cumulative | Other Expense | Payment Workout | Most Recent | ||||||
| Principal | Through | Advances | Advances | Accrued Unpaid | Advances | Status | Strategy | Special Serv | Foreclosure | Bankruptcy | REO | ||
| Loan ID | OMCR | Balance | Date | (Net of ASER) | Outstanding | Interest Advances | Outstanding | (2) | (3) | Transfer Date | Date | Date | Date |
| 330170027 | 27 | 8,500,000.00 | 07/06/2026 | 48,125.35 | 96,214.10 | 263.41 | - | 1 | 0 | ||||
| 330170029 | 29 | 7,140,000.00 | 08/06/2026 | 43,161.30 | 43,145.93 | - | - | B | 0 | ||||
| 330170004 | 4 | 22,500,000.00 | 08/11/2026 | 105,377.94 | 105,351.78 | - | - | A | 0 | ||||
| 330170104 | 4A | 22,500,000.00 | 08/11/2026 | 105,377.94 | 105,351.78 | - | - | A | 0 | ||||
| Total | Count = 4 | 60,640,000.00 | 302,042.53 | 350,063.59 | 263.41 | - | |||||||
| Reports Available at sf.citidirect.com | v. 21.09.28 | Page 18 of 31 | © Copyright 2026 Citigroup |
| Benchmark 2025-V16 Commercial Mortgage Trust |
| Commercial Mortgage Pass-Through Certificates, Series 2025-V16 |
| COLLATERAL PERFORMANCE - DELINQUENCY AND LOAN STATUS DETAIL |
| September 17, 2026 |
| Delinquent | |||||||||||||||
| (Does not include loans in Bankruptcy, Foreclosure, or REO) | |||||||||||||||
| 30 Day | 60 Day | 90 Day | 120+ Day | Bankruptcy | Foreclosure | REO | |||||||||
| Distribution | |||||||||||||||
| Date | Count | Balance | Count | Balance | Count | Balance | Count | Balance | Count | Balance | Count | Balance | Count | Balance | |
| 1 | 8,500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| 09/17/2026 | |||||||||||||||
| 2.9% | 1.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| 08/17/2026 | |||||||||||||||
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||
| 1 | 8,500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| 07/17/2026 | |||||||||||||||
| 2.9% | 1.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||
| 1 | 8,500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| 06/17/2026 | |||||||||||||||
| 2.9% | 1.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||
| 1 | 8,500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| 05/15/2026 | |||||||||||||||
| 2.9% | 1.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| 04/17/2026 | |||||||||||||||
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| 03/17/2026 | |||||||||||||||
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| 02/18/2026 | |||||||||||||||
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||
| 1 | 8,500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| 01/16/2026 | |||||||||||||||
| 2.9% | 1.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| 12/17/2025 | |||||||||||||||
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| 11/18/2025 | |||||||||||||||
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||
| 1 | 8,500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| 10/20/2025 | |||||||||||||||
| 2.9% | 1.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||
| Reports Available at sf.citidirect.com | v. 21.09.28 | Page 19 of 31 | © Copyright 2026 Citigroup |
| Benchmark 2025-V16 Commercial Mortgage Trust |
| Commercial Mortgage Pass-Through Certificates, Series 2025-V16 |
| APPRAISAL REDUCTION DETAIL |
| September 17, 2026 |
| Beginning | Ending | Appraisal | Appraisal | Most Recent | Cumulative | |||
| Loan ID | OMCR | Property Name | Scheduled Balance | Scheduled Balance | Reduction Amount | Reduction Date | ASER Amount | ASER Amount |
| No Loans with Appraisal Reduction Activity. | ||||||||
| Reports Available at sf.citidirect.com | v. 21.09.28 | Page 20 of 31 | © Copyright 2026 Citigroup |
| Benchmark 2025-V16 Commercial Mortgage Trust |
| Commercial Mortgage Pass-Through Certificates, Series 2025-V16 |
| HISTORICAL APPRAISAL REDUCTION DETAIL |
| September 17, 2026 |
| Distribution | Beginning | Ending | Appraisal | Appraisal | Most Recent | Cumulative | |||
| Date | Loan ID | OMCR | Property Name | Scheduled Balance | Scheduled Balance | Reduction Amount | Reduction Date | ASER Amount | ASER Amount |
| No Loans with Appraisal Reduction Activity. | |||||||||
| Reports Available at sf.citidirect.com | v. 21.09.28 | Page 21 of 31 | © Copyright 2026 Citigroup |
| Benchmark 2025-V16 Commercial Mortgage Trust |
| Commercial Mortgage Pass-Through Certificates, Series 2025-V16 |
| LOAN MODIFICATION DETAIL |
| September 17, 2026 |
| Modification | Modification | |||
| Loan ID | OMCR | Property Name | Date | Code (4) |
| No Loans with Modification Activity to Report. | ||||
| Reports Available at sf.citidirect.com | v. 21.09.28 | Page 22 of 31 | © Copyright 2026 Citigroup |
| Benchmark 2025-V16 Commercial Mortgage Trust |
| Commercial Mortgage Pass-Through Certificates, Series 2025-V16 |
| HISTORICAL LOAN MODIFICATION DETAIL |
| September 17, 2026 |
| Distribution | Modification | Modification | |||
| Date | Loan ID | OMCR | Property Name | Date | Code (4) |
| No Loans with Modification Activity to Report. | |||||
| Reports Available at sf.citidirect.com | v. 21.09.28 | Page 23 of 31 | © Copyright 2026 Citigroup |
| Benchmark 2025-V16 Commercial Mortgage Trust |
| Commercial Mortgage Pass-Through Certificates, Series 2025-V16 |
| SPECIALLY SERVICED LOAN DETAIL |
| September 17, 2026 |
| Special Servicing | Ending | Ending | Most | Most Recent | Most Recent | Most Recent | |||
| Workout | Fee Amount | Scheduled | Actual | Recent | Valuation | Special Servicer | Master Servicer | ||
| Loan ID | OMCR | Strategy (3) | Plus Adjustments | Balance | Balance | Value | Date | Transfer Date | Return Date |
| No Loans Specially Serviced to Report. | |||||||||
| Reports Available at sf.citidirect.com | v. 21.09.28 | Page 24 of 31 | © Copyright 2026 Citigroup |
| Benchmark 2025-V16 Commercial Mortgage Trust |
| Commercial Mortgage Pass-Through Certificates, Series 2025-V16 |
| HISTORICAL SPECIALLY SERVICED LOANS |
| September 17, 2026 |
| Special Servicing | Ending | Ending | Most | Most Recent | Most Recent | Most Recent | ||||
| Distribution | Workout | Fee Amount | Scheduled | Actual | Recent | Valuation | Special Servicer | Master Servicer | ||
| Date | Loan ID | OMCR | Strategy (3) | Plus Adjustments | Balance | Balance | Value | Date | Transfer Date | Return Date |
| No Loans Specially Serviced to Report. | ||||||||||
| Reports Available at sf.citidirect.com | v. 21.09.28 | Page 25 of 31 | © Copyright 2026 Citigroup |
| Benchmark 2025-V16 Commercial Mortgage Trust |
| Commercial Mortgage Pass-Through Certificates, Series 2025-V16 |
| UNSCHEDULED PRINCIPAL DETAIL |
| September 17, 2026 |
| Liquidation / | Liquid / Prepay | Principal | Principal | Prepayment Interest | Prepayment | Yield Maintenance | ||
| Loan ID | OMCR | Prepayment Date | Code (5) | Collections | Adjustments | Excess / (Shortfall) | Penalties (PPP) | Penalties (YM) |
| No Loans with Unscheduled Principal Activity to Report. | ||||||||
| Reports Available at sf.citidirect.com | v. 21.09.28 | Page 26 of 31 | © Copyright 2026 Citigroup |
| Benchmark 2025-V16 Commercial Mortgage Trust |
| Commercial Mortgage Pass-Through Certificates, Series 2025-V16 |
| HISTORICAL UNSCHEDULED PRINCIPAL DETAIL |
| September 17, 2026 |
| Distribution | Liquidation / | Liquid / Prepay | Principal | Principal | Prepayment Interest | Prepayment | Yield Maintenance | ||
| Date | Loan ID | OMCR | Prepayment Date | Code (5) | Collections | Adjustments | Excess / (Shortfall) | Penalties (PPP) | Penalties (YM) |
| No Loans with Unscheduled Principal Activity to Report. | |||||||||
| Reports Available at sf.citidirect.com | v. 21.09.28 | Page 27 of 31 | © Copyright 2026 Citigroup |
| Benchmark 2025-V16 Commercial Mortgage Trust |
| Commercial Mortgage Pass-Through Certificates, Series 2025-V16 |
| LIQUIDATED LOAN DETAIL |
| September 17, 2026 |
| Beginning | Most | Liquidation | Net | Net | Realized | Date of | Loss with | ||||
| Scheduled | Recent | Sales | Proceeds | Liquidation | Proceeds | Loss to | Current | Current Cumulative | Cumulative | ||
| Loan ID | OMCR | Balance | Value | Price | Received | Expense | Available | Trust | Adj. to Loan | Adj. to Loan Adj. to Loan | Adj. to Trust |
| No Loans liquidated to Report. | |||||||||||
| Reports Available at sf.citidirect.com | v. 21.09.28 | Page 28 of 31 | © Copyright 2026 Citigroup |
| Benchmark 2025-V16 Commercial Mortgage Trust |
| Commercial Mortgage Pass-Through Certificates, Series 2025-V16 |
| HISTORICAL LIQUIDATED LOAN |
| September 17, 2026 |
| Beginning | Most | Liquidation | Net | Net | Realized | Date of | Loss with | ||||
| Distribution | Scheduled | Recent | Sales | Proceeds | Liquidation | Proceeds | Loss to | Current | Current Cumulative | Cumulative | |
| Date | Loan ID OMCR | Balance | Value | Price | Received | Expense | Available | Trust | Adj. to Loan | Adj. to Loan Adj. to Loan | Adj. to Trust |
| No Loans liquidated to Report. | |||||||||||
| Reports Available at sf.citidirect.com | v. 21.09.28 | Page 29 of 31 | © Copyright 2026 Citigroup |
| Benchmark 2025-V16 Commercial Mortgage Trust |
| Commercial Mortgage Pass-Through Certificates, Series 2025-V16 |
| CREFC® INVESTOR REPORTING PACKAGE LEGENDS |
| September 17, 2026 |
| 1|CREFC Investor Reporting Package Legends | |||||
| Property Type (1) | Workout Strategy (3) | Liquidation/Prepayment Code (5) | |||
| MF | Multifamily | 1 | Modification | 1 | Partial Liquidation (Curtailment) |
| RT | Retail | 2 | Foreclosure | 2 | Payoff Prior To Maturity |
| HC | HealthCare | 3 | Bankruptcy | 3 | Disposition / Liquidation |
| IN | Industrial | 4 | Extension | 4 | Repurchase / Substitution |
| MH | Mobile Home Park | 5 | Note Sale | 5 | Full Payoff At Maturity |
| OF | Office | 6 | DPO | 6 | DPO |
| MU | Mixed Use | 7 | REO | 7 | Liquidation prior to 7/1/2006 |
| LO | Lodging | 8 | Resolved | 8 | Payoff With Penalty |
| SS | Self Storage | 9 | Pending Return to Master Servicer | 9 | Payoff With Yield Maintenance |
| SE | Securities | 10 | Deed In Lieu of Foreclosure | 10 | Curtailment With Penalty |
| CH | Cooperative Housing | 11 | Full Payoff | 11 | Curtailment With Yield Maintenance |
| ZZ | Missing Information | 12 | Reps and Warranties | ||
| SF | SF | 13 | TBD | ||
| WH | Warehouse | 98 | Other | ||
| OT | Other | ||||
| Modification Code (4) | |||||
| Payment Status of Loan (2) | |||||
| 1 | Maturity Date Extension | ||||
| A | In Grace Period | 2 | Amortization Change | ||
| B | Late, but less than 30 Days | 3 | Principal Write-Off | ||
| 0 | Current | 4 | Blank (formerly Combination) | ||
| 1 | 30-59 Days Delinquent | 5 | Temporary Rate Reduction | ||
| 2 | 60-89 Days Delinquent | 6 | Capitalization of Interest | ||
| 3 | 90-120 Days Delinquent | 7 | Capitalization of Taxes | ||
| 4 | Performing Matured Balloon | 8 | Other | ||
| 5 | Non Performing Matured Balloon | 9 | Combination | ||
| 6 | 121+ Days Delinquent | 10 | Forbearance | ||
| Reports Available at sf.citidirect.com | v. 21.09.28 | Page 30 of 31 | © Copyright 2026 Citigroup |
| Benchmark 2025-V16 Commercial Mortgage Trust |
| Commercial Mortgage Pass-Through Certificates, Series 2025-V16 |
| NOTES |
| September 17, 2026 |
| No Notes available for this deal at this time. |
| Reports Available at sf.citidirect.com | v. 21.09.28 | Page 31 of 31 | © Copyright 2026 Citigroup |