BANK5 2023-5YR1 – Deal Overview & Connected Data
Explore verified charts, linked entities, and recent activity for this CMBS deal. Data last updated October 1, 2025.2025-10-01
Context Brief
- What it is: A 2025-vintage CMBS transaction issued by BANK5 2023-5YR1, backed by 36 loans across 145 commercial properties, totaling $1,026,124,999 in collateral. Structured as a multi-borrower conduit deal.
- What's notable: Strong entity coverage with 9 verified counterparties and comprehensive cross-referenced collateral from prior series.
- Key identifiers: CIK 1967945 | Shelf — | Series bank52023-5yr1 | Issued 2025-Q1
- Verify: Review source filings in Deal Documents, or confirm entity ownership via Verified Profiles.
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Who's Involved#
Deal Metrics
Key performance indicators and statistics tracking the deal's current status and history.Deal Overview
Original Trust Amount
$1,026,124,999Current Trust Amount
$1,021,833,874Number of Loans
36Number of Properties
145Average Loan Size
$28,503,472Portfolio Characteristics
Weighted Average Interest Rate
6.4%Weighted Average Term
60 monthsOriginal Valuation
$7,344,490,000Current Valuation
$7,344,490,000Key Dates
Origination Date
3/14/2023Latest Valuation
1/1/1970Latest Transfer
5/9/2025Latest Return
N/ALatest Modification
N/ASpecial Servicing Status
Loans in Special Servicing
3Special Servicing Balance
$97,500,000Loans Returned to Master
0Balance Returned
N/AAvg Time in Special Servicing
160 daysAvg Time to Return
0 daysValuation Changes
Updated Valuations
0Total Updated Value
N/AValue Change Amount
N/AValue Change Percentage
N/AModifications
Number of Modifications
0Modified Balance
N/ADeal Charts
Visual analytics and interactive charts showing the deal's performance over time. Track key metrics like balance, delinquency rates, and special servicing status through interactive visualizations.
Fund Exposure#
Source: NPORT-P & related disclosures • 2025-08-26Fund Name | Tranches | Ids |
---|---|---|
American Funds Multi-Sector Income Fund $10,981,944 2025-12-31 | B | Search FIGI Lookup LEI |
Bond Fund of America $6,009,068 2025-12-31 | A-3 | Search FIGI Lookup LEI |
Capital Income Builder $5,400,490 2025-10-31 | B | Search FIGI Lookup LEI |
American Balanced Fund $4,929,370 2025-12-31 | A-3 | Search FIGI Lookup LEI |
Intermediate Bond Fund of America $2,756,344 2025-08-31 | A-3 | Search FIGI Lookup LEI |
Capital Group KKR Multi-Sector (plus) $2,084,508 2025-12-31 | B | Search FIGI Lookup LEI |
American Funds Strategic Bond Fund $1,814,683 2025-12-31 | B | Search FIGI Lookup LEI |
DoubleLine Yield Opportunities Fund $1,549,417 2025-09-30 | X-A | Search FIGI Lookup LEI |
Short-Term Bond Fund of America $1,517,491 2025-08-31 | A-3 | Search FIGI Lookup LEI |
STERLING CAPITAL ENHANCED CORE BOND ETF $1,445,838 2025-12-31 | A-3 | Search FIGI Lookup LEI |
VIP Investment Grade Bond II Portfolio $820,081 2025-12-31 | A-2 | Search FIGI Lookup LEI |
Rareview Total Return Bond ETF $227,581 2025-09-30 | D | Search FIGI Lookup LEI |
12 of 12 funds* Use toggle buttons to sort
* This table is not yet exhaustive. It is a new feature and contains only the funds we have found so far based on the tranche identifiers we know about. We are still working on it!
* The FIGI Search url provided for each fund will link you to the OpenFIGI search page to lookup FIGI identifiers.
* Reporting Period represents the reporting period end date from the NPORT-P filing.
* For full disclosures, please visit our disclosures page.
* The FIGI Search url provided for each fund will link you to the OpenFIGI search page to lookup FIGI identifiers.
* Reporting Period represents the reporting period end date from the NPORT-P filing.
* For full disclosures, please visit our disclosures page.
Provenance & Documents
Issuance → amendments → reports. Tap to view on SEC.2023-08-11
Pooling and Servicing Agreement (PSA)
Document filing with updated information.
View on SEC →Context & Commentary#
Entity Statements
💬 Servicer Commentary
2025-10-01
Prospectus ID: 2B
Loan transferred to SS on 3/25 due to default associated with properties with a total ALA representing over 40% of total ALA having been rejected in BK court. The Loan is a $425MM 1st lien, fixed-rate, interest-only, mortgage loan. The $425MM Loan is comprised of 9 notes, secured by fee & leasehold interest in 42, primarily grocery store properties. The 42 Properties, were 100% leased to six tenants, pursuant to triple net ("NNN") leases, consisted of 31 retail Properties, 7 industrial, and 4 office Properties located in 8 states. In 3Q24, the tenants in the 3 largest properties filed BK. The BK's ultimately resulted in the rejection of leases on 9 of the pools 42 properties by 3/31/25. Those lease rejections represented 45% of the Loan's ALA. The Borrower contacted the Master in 3/25 and self-reported. The 2023 UW appraisals have "go dark" values that allow the Trust to quantify the potential diminution of value associated with the subject buildings going dark. The Borrower entered into a 6-mos . forbearance, which requires the Loan remains current, while the Borrower works to get below the 40% level. Lender has approved modification that will provide an immediate $72MM payment guarantee to cover a portion of the diminution in value caused by the 9 buildings going dark and retaining an LTV of 40.4%, in return from increasing the 40% ALA default level to 50%. Borrower will incentivize the Borrower to lease or sell the
💬 Servicer Commentary
2025-10-01
Save Mart Supermarkets - Vacaville, Ca (2)
Oak Street Real Estate Capital Net Lease Property Fund LP
Prospectus ID: 2
Loan transferred to SS on 3/25 due to default associated with properties with a total ALA representing over 40% of total ALA having been rejected in BK court. The Loan is a $425MM 1st lien, fixed-rate, interest-only, mortgage loan. The $425MM Loan is comprised of 9 notes, secured by fee & leasehold interest in 42, primarily grocery store properties. The 42 Properties, were 100% leased to six tenants, pursuant to triple net ("NNN") leases, consisted of 31 retail Properties, 7 industrial, and 4 office Properties located in 8 states. In 3Q24, the tenants in the 3 largest properties filed BK. The BK's ultimately resulted in the rejection of leases on 9 of the pools 42 properties by 3/31/25. Those lease rejections represented 45% of the Loan's ALA. The Borrower contacted the Master in 3/25 and self-reported. The 2023 UW appraisals have "go dark" values that allow the Trust to quantify the potential diminution of value associated with the subject buildings going dark. The Borrower entered into a 6-mos. forbearance, which requires the Loan remains current, while the Borrower works to get below the 40% level. Lender has approved modification that will provide an immediate $72MM payment guarantee to cover a portion of the diminution in value caused by the 9 buildings going dark and retaining an LTV of 40.4%, in return from increasing the 40% ALA default level to 50%. Borrower will incentivize the Borrower to lease
💬 Servicer Commentary
2025-10-01
Save Mart Supermarkets - Vacaville, Ca (2)
Prospectus ID: 2A
Loan transferred to SS on 3/25 due to default associated with properties with a total ALA representing over 40% of total ALA having been rejected in BK court. The Loan is a $425MM 1st lien, fixed-rate, interest-only, mortgage loan. The $425MM Loan is comprised of 9 notes, secured by fee & leasehold interest in 42, primarily grocery store properties. The 42 Properties, were 100% leased to six tenants, pursuant to triple net ("NNN") leases, consisted of 31 retail Properties, 7 industrial, and 4 office Properties located in 8 states. In 3Q24, the tenants in the 3 largest properties filed BK. The BK's ultimately resulted in the rejection of leases on 9 of the pools 42 properties by 3/31/25. Those lease rejections represented 45% of the Loan's ALA. The Borrower contacted the Master in 3/25 and self-reported. The 2023 UW appraisals have "go dark" values that allow the Trust to quantify the potential diminution of value associated with the subject buildings going dark. The Borrower entered into a 6-mos. forbearance, which requires the Loan remains current, while the Borrower works to get below the 40% level. Lender has approved modification that will provide an immediate $72MM payment guarantee to cover a portion of the diminution in value caused by the 9 buildings going dark and retaining an LTV of 40.4%, in return from increasing the 40% ALA default level to 50%. Borrower will incentivize the Borrower to lease
External Analysis
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Datasets & API#
Machine-readable spec (ODPS): /odps/cmbs-deals.yamlGET https://api.dealcharts.org/deals/bank52023-5yr1 { "deal_id": "bank52023-5yr1", "issuer": "", "shelf": "", "issue_date": "", "linked_entities": [ { "role": "Rating Agencies", "name": "S&P, Fitch, KBRA" }, { "role": "Controlling Class", "name": "Basis Investment Group, LLC" }, { "role": "Master Servicer", "name": "Wells Fargo Bank, National Association" }, { "role": "Certificate Administrator", "name": "Computershare Trust Company, N.A." }, { "role": "Trustee", "name": "Computershare Trust Company, N.A." }, { "role": "Special Servicer", "name": "CWCapital Asset Management" }, { "role": "Depositor", "name": "Wells Fargo Commercial Mortgage Securities, Inc." }, { "role": "Operating Advisor", "name": "Pentalpha Surveillance" }, { "role": "Master Servicer", "name": "Trimont Real Estate Advisors" } ] }
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CMBS Fund Holdings Dataset
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