UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-D
ASSET-BACKED ISSUER
DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the monthly distribution period from:
May 16, 2020 to June 17, 2020
Commission File Number of issuing entity: 333-228597-06
Central Index Key Number of issuing entity: 0001800294
Citigroup Commercial Mortgage Trust 2020-GC46
(Exact name of issuing entity as specified in its charter)
Commission File Number of depositor: 333-228597
Central Index Key Number of depositor: 0001258361
Citigroup Commercial Mortgage Securities Inc.
(Exact name of depositor as specified in its charter)
Citi Real Estate Funding Inc.
(Central Index Key Number: 0001701238)
Goldman Sachs Mortgage Company
(Central Index Key Number: 0001541502)
German American Capital Corporation
(Central Index Key Number: 0001541294)
(Exact names of sponsors as specified in their respective charters)
Richard Simpson (212) 816-5343
(Name and telephone number, including area code, of the person to contact in connection with this filing)
New York
(State or other jurisdiction of incorporation or organization of the issuing entity)
35-7258125
35-7258126
(I.R.S. Employer Identification No.)
| c/o Citibank, N.A. 388 Greenwich Street, 14th Floor New York, New York |
10013 | |
| (Address of principal executive offices of the issuing entity) | (Zip Code) |
(212) 816-5693
(Telephone number, including area code)
| Title of class |
Registered/reporting pursuant to (check one) |
Name of exchange (If Section 12(b)) | ||||||
| Section 12(b) |
Section 12(g) |
Section 15(d) |
||||||
| A-1 |
☐ | ☐ | ☒ | Not Applicable | ||||
| A-2 |
☐ | ☐ | ☒ | Not Applicable | ||||
| A-4 |
☐ | ☐ | ☒ | Not Applicable | ||||
| A-5 |
☐ | ☐ | ☒ | Not Applicable | ||||
| A-AB |
☐ | ☐ | ☒ | Not Applicable | ||||
| X-A |
☐ | ☐ | ☒ | Not Applicable | ||||
| A-S |
☐ | ☐ | ☒ | Not Applicable | ||||
| B |
☐ | ☐ | ☒ | Not Applicable | ||||
| C |
☐ | ☐ | ☒ | Not Applicable | ||||
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
PART I – DISTRIBUTION INFORMATION
Item 1. Distribution and Pool Performance Information.
On June 17, 2020, a distribution was made to holders of the certificates issued by Citigroup Commercial Mortgage Trust 2020-GC46.
The distribution report is attached as Exhibit 99.1 to this Form 10-D.
No assets securitized by Citigroup Commercial Mortgage Securities Inc. (the “Depositor”) and held by Citigroup Commercial Mortgage Trust 2020-GC46 were the subject of a demand to repurchase or replace for breach of the representations and warranties contained in the underlying transaction documents during the monthly distribution period covered by this distribution report on Form 10-D.
The Depositor most recently filed a Form ABS-15G under Rule 15Ga-1 under the Securities Exchange Act of 1934 (“Rule 15Ga-1”) on February 14, 2020. The CIK number of the Depositor is 0001258361.
Citi Real Estate Funding Inc. (“CREFI”), one of the sponsors, most recently filed a Form ABS-15G under Rule 15Ga-1 on February 14, 2020. The CIK number of CREFI is 0001701238.
Goldman Sachs Mortgage Company (“GSMC”), one of the sponsors, most recently filed a Form ABS-15G under Rule 15Ga-1 on May 13, 2020. The CIK number of GSMC is 0001541502.
German American Capital Corporation (“GACC”), one of the sponsors, most recently filed a Form ABS-15G under Rule 15Ga-1 on February 10, 2020. The CIK number of GACC is 0001541294.
Item 1A. Asset-Level Information.
See the Asset Data File and the asset related document filed as Exhibit 102 and Exhibit 103, respectively, to the registrant’s Form ABS-EE filed on June 30, 2020 under Commission File No. 333-228597-06 and incorporated by reference herein.
Item 1B. Asset Representations Reviewer and Investor Communication.
Not applicable
PART II – OTHER INFORMATION
Item 2. Legal Proceedings.No information to report for the monthly distribution period covered by this distribution report on Form 10-D.
Item 3. Sales of Securities and Use of Proceeds.
None
Item 4. Defaults Upon Senior Securities.
None
Item 5. Submission of Matters to a Vote of Security Holders.
None
Item 6. Significant Obligors of Pool Assets.
With respect to the pool assets for Citigroup Commercial Mortgage Trust 2020-GC46, there are no significant obligors within the meaning of Item 1101(k) of Regulation AB.
Item 7. Change in Sponsor Interest in Securities.
None
Item 8. Significant Enhancement Provider Information.
None
Item 9. Other Information.
Midland Loan Services, a Division of PNC Bank, National Association, in its capacity as Master Servicer for Citigroup Commercial Mortgage Trust 2020-GC46, affirms the following amounts in the respective accounts:
| Collection Account Balance |
||||
| Prior Distribution Date: |
05/15/2020 |
$27,766.67 | ||
| Current Distribution Date: |
06/17/2020 |
$42,309.53 | ||
| *REO Account Balance |
||||
| Prior Distribution Date: |
05/15/2020 |
$0.00 | ||
| Current Distribution Date: |
06/17/2020 |
$0.00 | ||
| *As provided by the Special Servicer |
||||
Citibank, N.A., in its capacity as Certificate Administrator for Citigroup Commercial Mortgage Trust 2020-GC46, affirms the following amounts in the respective accounts:
| Distribution Account Balance |
||||
| Prior Distribution Date: |
05/15/2020 |
$0.00 | ||
| Current Distribution Date: |
06/17/2020 |
$0.00 | ||
| Interest Reserve Account Balance |
||||
| Prior Distribution Date: |
05/15/2020 |
$0.00 | ||
| Current Distribution Date: |
06/17/2020 |
$0.00 | ||
| Excess Interest Distribution Account Balance |
||||
| Prior Distribution Date: |
05/15/2020 |
$0.00 | ||
| Current Distribution Date: |
06/17/2020 |
$0.00 | ||
| Excess Liquidation Proceeds Reserve Account Balance |
||||
| Prior Distribution Date: |
05/15/2020 |
$0.00 | ||
| Current Distribution Date: |
06/17/2020 |
$0.00 | ||
Item 10. Exhibits.
(a) The following is a list of documents filed as part of this Form 10-D:
(99.1): Monthly report distributed to holders of the certificates issued by Citigroup Commercial Mortgage Trust 2020-GC46, relating to the June 17, 2020 distribution.
(102): Asset Data File (filed as Exhibit 102 to the registrant’s Form ABS-EE filed on June 30, 2020 under Commission File No. 333-228597-06 and incorporated by reference herein).
(103): Asset related document (filed as Exhibit 103 to the registrant’s Form ABS-EE filed on June 30, 2020 under Commission File No. 333-228597-06 and incorporated by reference herein).
(b) The exhibits required to be filed by the Registrant pursuant to this Form 10-D are listed above and in the Exhibit Index that immediately precedes the signature page hereof.
EXHIBIT INDEX
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 thereunto duly authorized.
| Citigroup Commercial Mortgage Securities Inc. |
| (Depositor) |
| /s/ Richard Simpson |
| Richard Simpson, President |
Date: June 30, 2020
| Distribution Date: | 06/17/2020 | Citigroup Commercial Mortgage Trust 2020-GC46 |
| Determination Date: | 06/11/2020 | |
| Commercial Mortgage Pass-Through Certificates | ||
| Series 2020-GC46 | ||
| CREFC® Legends | ||
| (1) Property Type | (3) Workout Strategy | (5) Liquidation / Prepayment Type | ||||||
| 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 | ||
| WH = Warehouse | 5 | . | Note Sale | 5 | . | Full Payoff At Maturity | ||
| MH = Mobile Home Park | 6 | . | DPO | 6 | . | DPO | ||
| OF = Office | 7 | . | REO | 7 | . | Liquidation prior to 7/1/2006 | ||
| MU = Mixed Use | 8 | . | Resolved | 8 | . | Payoff With Penalty | ||
| LO = Lodging | 9 | . | Pending Return to Master Servicer | 9 | . | Payoff With Yield Maintenance | ||
| SS = Self Storage | 10. Deed In Lieu of Foreclosure | 10. Curtailment With Penalty | ||||||
| OT = Other | 11. Full Payoff | 11. Curtailment With Yield Maintenance | ||||||
| SE = Securities | 12. Reps and Warranties | |||||||
| CH = Cooperative Housing | 13. Other or TBD | |||||||
| N/A = Not Available | 98. Not Provided By Servicer | |||||||
| (2) Payment Status | (4) Modification Type | |||||||
| A. | In Grace Period | 1 | . | Maturity Date Extension | ||||
| B. | Late, but less than 30 Days | 2 | . | Amortization Change | ||||
| 0 | . | Current | 3 | . | Principal Write-Off | |||
| 1 | . | 30-59 Days Delinquent | 4 | . | Blank (formerly Combination) | |||
| 2 | . | 60-89 Days Delinquent | 5 | . | Temporary Rate Reduction | |||
| 3 | . | 90-120 Days Delinquent | 6 | . | Capitalization of Interest | |||
| 4 | . | Performing Matured Balloon | 7 | . | Capitalization of Taxes | |||
| 5 | . | Non Performing Matured Balloon | 8 | . | Other | |||
| 6. 121+ Days Delinquent | 9 | . | Combination | |||||
| Reports Available at | sf.citidirect.com | Page 26 of 26 | © Copyright | 2020 Citigroup |