1,109 deals

BBCMS 2023-5C23 - Charts and Resources

Data discoverability for CMBS deal BBCMS 2023-5C23 updated as of 2025-06-30.

2025-06-30

Deal Overview

BBCMS Mortgage Trust 2023-5C23's issuance is a U.S. CMBS transaction issued from the BBCMS shelf and backed by 31 commercial mortgage loans with an aggregate principal balance of 721.3 million at issuance, secured by the fee and leasehold interests in 37 properties across 11 U.S. states.
RoleParty
Rating AgenciesS&P, Fitch, KBRA
Controlling ClassLNR SECURITIES HOLDINGS, LLC OR ITS AFFILIATE
TrusteeComputershare Trust Company, N.A.
Special ServicerLNR Partners
Certificate AdministratorComputershare Trust Company, N.A.
Operating AdvisorPark Bridge Lender Services
Master ServicerMidland Loan Services
DepositorBarclays Commercial Mortgage Securities

Deal Metrics

Key performance indicators and statistics tracking the deal's current status and history.

Deal Overview

Original Trust Amount
$721,320,000
Current Trust Amount
$721,320,000
Number of Loans
31
Number of Properties
37
Average Loan Size
$23,268,387

Portfolio Characteristics

Weighted Average Interest Rate
7.5%
Weighted Average Term
59 months
Original Valuation
$4,140,665,000
Current Valuation
$4,084,465,000

Key Dates

Origination Date
11/6/2023
Latest Valuation
1/23/2025
Latest Transfer
5/7/2025
Latest Return
N/A
Latest Modification
N/A

Special Servicing Status

Loans in Special Servicing
3
Special Servicing Balance
$61,500,000
Loans Returned to Master
0
Balance Returned
N/A
Avg Time in Special Servicing
246 days
Avg Time to Return
0 days

Valuation Changes

Updated Valuations
1
Total Updated Value
$98,100,000
Value Change Amount
-$48,200,000
Value Change Percentage
-55.9%

Modifications

Number of Modifications
0
Modified Balance
N/A

Deal 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.

Geographic Distribution - BBCMS 2023-5C23 - All States
2025-06-30

Fund Holdings

Explore a list of funds that include BBCMS 2023-5C23 bonds in their portfolios, sourced directly from the most recent NPORT-P filings on EDGAR SEC.gov. The funds in this table should have a reporting period end date in the future which means the holdings are current as of the most recent filing.
Fund NameFiling DateFIGILEITranchesTotal ValueReporting Period
THRIVENT MODERATELY CONSERVATIVE ALLOCATION PORTFOLIO2025-05-28Search FIGILookup LEIA-2$2,884,4622025-12-31
Fidelity Real Estate Income Fund2025-06-26Search FIGILookup LEIA-S$2,702,3702025-07-31
THRIVENT MODERATE ALLOCATION PORTFOLIO2025-05-28Search FIGILookup LEIA-2$2,598,6152025-12-31
iShares CMBS ETF2025-06-26Search FIGILookup LEIA-3, A-S$2,148,5512025-10-31
PGIM Total Return Bond ETF2025-04-22Search FIGILookup LEIA-3$1,167,9502025-08-31
Bond Fund of America2025-05-29Search FIGILookup LEIA-S$858,4082025-12-31
THRIVENT MODERATELY AGGRESSIVE ALLOCATION PORTFOLIO2025-05-28Search FIGILookup LEIA-2$857,5432025-12-31
Intermediate Bond Fund of America2025-01-23Search FIGILookup LEIA-S$838,6042025-08-31
BlackRock Total Return Fund2025-02-26Search FIGILookup LEID$546,1972025-09-30
Short-Term Bond Fund of America2025-01-23Search FIGILookup LEIA-S$418,7622025-08-31
Capital Group Core Bond Completion Fund2025-05-29Search FIGILookup LEIA-S$323,5212025-12-31
VANGUARD TOTAL BOND MARKET INDEX FUND2025-05-28Search FIGILookup LEIA-S$269,3282025-12-31
VANGUARD TOTAL BOND MARKET II INDEX FUND2025-05-28Search FIGILookup LEIA-S$269,3282025-12-31
PGIM Short Duration Multi-Sector Bond ETF2025-04-22Search FIGILookup LEIA-3$212,3542025-08-31
Columbia Short Duration Bond ETF2025-06-25Search FIGILookup LEIA-3$132,6662025-10-31
Opportunistic Fixed Income Trust2025-05-29Search FIGILookup LEIC$77,8082025-12-31
Fund NameTranchesIds
THRIVENT MODERATELY CONSERVATIVE ALLOCATION PORTFOLIO
$2,884,462
2025-12-31
A-2Search FIGI
Lookup LEI
Fidelity Real Estate Income Fund
$2,702,370
2025-07-31
A-SSearch FIGI
Lookup LEI
THRIVENT MODERATE ALLOCATION PORTFOLIO
$2,598,615
2025-12-31
A-2Search FIGI
Lookup LEI
iShares CMBS ETF
$2,148,551
2025-10-31
A-3, A-SSearch FIGI
Lookup LEI
PGIM Total Return Bond ETF
$1,167,950
2025-08-31
A-3Search FIGI
Lookup LEI
Bond Fund of America
$858,408
2025-12-31
A-SSearch FIGI
Lookup LEI
THRIVENT MODERATELY AGGRESSIVE ALLOCATION PORTFOLIO
$857,543
2025-12-31
A-2Search FIGI
Lookup LEI
Intermediate Bond Fund of America
$838,604
2025-08-31
A-SSearch FIGI
Lookup LEI
BlackRock Total Return Fund
$546,197
2025-09-30
DSearch FIGI
Lookup LEI
Short-Term Bond Fund of America
$418,762
2025-08-31
A-SSearch FIGI
Lookup LEI
Capital Group Core Bond Completion Fund
$323,521
2025-12-31
A-SSearch FIGI
Lookup LEI
VANGUARD TOTAL BOND MARKET INDEX FUND
$269,328
2025-12-31
A-SSearch FIGI
Lookup LEI
VANGUARD TOTAL BOND MARKET II INDEX FUND
$269,328
2025-12-31
A-SSearch FIGI
Lookup LEI
PGIM Short Duration Multi-Sector Bond ETF
$212,354
2025-08-31
A-3Search FIGI
Lookup LEI
Columbia Short Duration Bond ETF
$132,666
2025-10-31
A-3Search FIGI
Lookup LEI
Opportunistic Fixed Income Trust
$77,808
2025-12-31
CSearch FIGI
Lookup LEI
* 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.

Deal Documents

Links to the deal documents for BBCMS 2023-5C23.

Monthly Remittance Report

2025-06-30

Pooling and Servicing Agreement (PSA)

2023-12-07

Pooling and Servicing Agreement (PSA)

2023-11-20

Final Prospectus

2023-11-20

Final Termsheet

2023-11-13

Annex A

2023-11-13

Preliminary Prospectus

2023-11-13

Recent Commentary

Special servicers provide regular updates on the status of troubled loans. Below are recent comments from special servicing reports filed with sec.gov EDGAR for BBCMS 2023-5C23, giving insights into the current situation and actions being taken.

6/11/2025 - The loan transferred to special servicing for payment default on 10/9/2024. Property is an 881 unit multi-family complex in Houston, TX southwest of George Bush Airport in Greenpoint. Property experienced damage during the Wind Storm in May 2024 and Beryl in July 2024. Borrower has been using funds to pay for capital repairs. Property was previously reported ~70% occupied. Borrower declared bankruptcy prior to implementation of the receiver. Lender will proceed via

2025-06-30
Rockridge Apartments
Dr. Fercan E. Kalkan
Prospectus ID: 6

6/11/2025 - Loan transferred to the Special Servicer on 05-09-2025, due to Delinquent Payments. The Loan is secured by a 4-story walk-up multifamily apartment building with 10 free market residential units in the Central Harlem neighborhood in New York, NY. Counsel is being retained and Lender will move forward with enforcement actions while continuing discussions with the Borrower

2025-06-30
47 East 129th St
Salomon Smeke Saba
Prospectus ID: 26

6/11/2025 - The Loan transferred on 02/14/2025 due to Delinquent Payments after Borrower failed to make the December 2024 Payment. Loan does not have a lockbox in place; however, the Loan Documents note springing provisions. Collateral is a 6-unit walk-up low-rise multifamily property located in Philadelphia, PA. Built in 1928, and renovated in 2023, the Property is improved with two, four-story buildings totaling 6,700 sq. ft. and situated on a 0.07 acre site. The unit mix consists of a 1BR/1BA un it (16.7% of Units) and five 2BR/2BA bi-level units (83.3% of Units). Borrower proposed a DPO. Based on the Sponsor''s take out loan term sheet for $62MM, a total of $2.3MM is allocated for the subject loan and property. Payoff and Bring Current statement s have been ordered. Awaiting current and historical property financials from the Borrower. Continuing discussions of possible alternatives to foreclosure with Borrower while simultaneously pursuing

2025-06-30
919-921 Lombard Street
Abe Cohen
Prospectus ID: 31
* This list shows only a few of the most recent special servicing commentaries. We are continuously updating our coverage!
* The tagged date represents the date of the Edgar sec.gov filing.
* For full disclosures, please visit our disclosures page.

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Filing data from sec.gov NPORT-P to produce the Fund Holdings table.

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