BBCMS 2023-5C23
Explore verified charts, linked entities, and recent activity for this CMBS deal. Data last updated June 30, 2026.2026-06-30
Coverage: —Freshness: —Latency: —Last schema change: —
Quick Answer
What is BBCMS 2023-5C23? A US commercial mortgage-backed security issued November 2023 ($721.3M; 31 loans; 37 properties).
Identifiers: Shelf BBCMS; Series bbcms2023-5c23; CIK 1998392.
Unique value: Dealcharts provides computed pool metrics, time-series performance analysis, and cross-deal comparisons not available in raw SEC EDGAR filings.
Sources: SEC EDGAR CIK 1998392.
What it means for you: This is the reported figure—the same for everyone, and it takes no one's side. For what it means from a specific position, email cairn+page@cmdrvl.com —name the CUSIP you hold (or a seat you're sizing up) and Cairn tailors the read to your position, with the receipts.
Machine-readable data: https://dealcharts.org/llm/facts/bbcms2023-5c23.json · API docs
Who's Involved#
Rating AgenciesS&P, Fitch, KBRA
Controlling ClassLNR SECURITIES HOLDINGS, LLC OR ITS AFFILIATE
TrusteeComputershare Trust Company, N.A.
Operating AdvisorPark Bridge Lender Services
Master ServicerMidland Loan Services
Certificate AdministratorComputershare Trust Company, N.A.
Special ServicerLNR Partners
DepositorBarclays Commercial Mortgage Securities
Deal Metrics
Key performance indicators and statistics tracking the deal's current status and history.Deal Overview
Original Trust Amount
$721,320,000Current Trust Amount
$719,163,074Number of Loans
31Number of Properties
37Average Loan Size
$23,268,387Portfolio Characteristics
Weighted Average Interest Rate
7.5%Weighted Average Term
59 monthsWA DSCR (NCF) at Issuance
1.56xWA DSCR (NCF) Current
0.70xOriginal Valuation
$4,140,665,000Current Valuation
$4,064,760,000Key Dates
Origination Date
11/6/2023Latest Valuation
12/29/2025Latest Transfer
7/7/2025Latest Return
N/ALatest Modification
N/ASpecial Servicing Status
Loans in Special Servicing
4Special Servicing Balance
$72,343,074Loans Returned to Master
0Balance Returned
N/AAvg Time in Special Servicing
572 daysAvg Time to Return
0 daysValuation Changes
Updated Valuations
4Total Updated Value
$56,775,000Value Change Amount
-$67,905,000Value Change Percentage
-161.9%Modifications
Number of Modifications
0Modified Balance
N/ADeal Charts
Charts showing deal performance over time.
Fund Exposure#
Source: NPORT-P & related disclosures • 2026-05-28| Fund Name | Filing Date | FIGI | LEI | Tranches | Total Value | Reporting Period |
|---|---|---|---|---|---|---|
| Bond Fund of America | 2026-05-28 | Search FIGI | Lookup LEI | A-S | $840,579 | 2026-12-31 |
| Intermediate Bond Fund of America | 2026-04-27 | Search FIGI | Lookup LEI | A-S | $832,759 | 2026-08-31 |
| Master Total Return Portfolio | 2024-08-26 | Search FIGI | Lookup LEI | D | $537,563 | 2024-09-30 |
| Short-Term Bond Fund of America | 2026-04-27 | Search FIGI | Lookup LEI | A-S | $415,844 | 2026-08-31 |
| Columbia Short Duration Bond ETF | 2026-06-25 | Search FIGI | Lookup LEI | A-3 | $365,105 | 2026-10-31 |
| Capital Group Core Bond Completion Fund | 2026-02-26 | Search FIGI | Lookup LEI | A-S | $321,022 | 2025-12-31 |
| Fund Name | Tranches | Ids |
|---|---|---|
| Bond Fund of America $840,579 2026-12-31 | A-S | Search FIGI Lookup LEI |
| Intermediate Bond Fund of America $832,759 2026-08-31 | A-S | Search FIGI Lookup LEI |
| Master Total Return Portfolio $537,563 2024-09-30 | D | Search FIGI Lookup LEI |
| Short-Term Bond Fund of America $415,844 2026-08-31 | A-S | Search FIGI Lookup LEI |
| Columbia Short Duration Bond ETF $365,105 2026-10-31 | A-3 | Search FIGI Lookup LEI |
| Capital Group Core Bond Completion Fund $321,022 2025-12-31 | A-S | Search FIGI Lookup LEI |
6 of 6 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.2023-12-07
Pooling and Servicing Agreement (PSA)
Document filing with updated information.
View on SEC →2023-11-20
Pooling and Servicing Agreement (PSA)
Document filing with updated information.
View on SEC →Context & Commentary#
Curious about data-center or AI-tenant exposure across CMBS collateral? See AI & data-center exposure →
Entity Statements
💬 Servicer Commentary
2026-06-30
919-921 Lombard Street
Abe Cohen
Prospectus ID: 31
6/11/2026 - The Loan transferred on 02/14/2025 due to Delinquent Payments after Borrower failed to make the December 2024 Payment. Loan is structured with a springing lockbox and is not cash managed. Borrower proposed the following: (i) a forbearance agreement entered into by and between Borrower and Lender for a 12-month period, (ii) recommencement of interest payments after the execution of the forbearance agreement, (iii) compliance with monthly rent collection deposits with Lender and cash management, and (iv) consent to foreclosure/auction if Borrower defaults under the forbearance agreement. Lender rejected the deal on the basis that Borrower has not provided any intent to bring the Loan current and compliance with cash management. The Court granted Lender''s motion to appoint a receiver (Trigild) on 4/29/2026. Counsel has filed a motion to compel Borrower''s compliance with the receiver as they have not responded to receiver''s
💬 Servicer Commentary
2026-06-30
Staybridge Suites - Austin Airport
Armando Batarse Cardenas
Prospectus ID: 17
6/11/2026 - The loan is 60+days delinquent and transferred to Special Servicing on 7/9/2025. Collateral is a 161 room extended stay hotel, operating as a Staybridge Suites, located in the Airport submarket of Austin, TX. Legal counsel has been re tained and Notice of Default has been issued. Lender will continue to review Borrower''s request for FF&E and PIP reimbursements as they occur. Forbearance discussions fell through and Lender is moving towards foreclosure on the
💬 Servicer Commentary
2026-06-30
47 East 129th St
Salomon Smeke Saba
Prospectus ID: 26
6/11/2026 - Loan transferred to the Special Servicer on 5/9/2025 due to delinquent payments. The Loan is secured by a four-story, walk-up, multi-family apartment building with ten free market residential units in the Central Harlem neighborhood in New York, NY. Counsel has been retained. Lender sent out a NOD. Borrower made an initial proposal that was unsatisfactory to Lender and ultimately rejected. Borrower has made an additional proposal that is under review. Lender is submitting a motion for appointment of a receiver and making a request for an order of reference which will start the process of completing the foreclosure. Lender is moving forward with these enforcement actions while continuing discussions
💬 Servicer Commentary
2026-05-28
Rockridge Apartments
Dr. Fercan E. Kalkan
Prospectus ID: 6
5/11/2026 - 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 had been using funds to pay for capital repairs. Property was reported ~74% occupied on 3.31.25 by the borrower. Borrower declared bankruptcy prior to implementation of the receiver. Case has proceeded in bankrup tcy court with a relief from stay granted 7/24 while maintaining the 2 week appeal period. Lender filed for Receivership 8/11/25 and was granted the receivership 8/20/25. Bankruptcy has been dismissed. Receiver is in control and continuing to try and driv e leasing. Occupancy is now 24% as move outs continue to outpace move-ins. Lender will continue working to improve occupancy and make high ROC capital repairs.
External Analysis
No external analysis linked yet. Contact us to publish and link your research.Monitoring
This deal's collateral and ratings data changes over time. Who is watching it for you?
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Datasets & API#
Machine-readable spec (ODPS): /odps/cmbs-deals.yamlGET https://api.dealcharts.org/deals/bbcms2023-5c23
{
"deal_id": "bbcms2023-5c23",
"issuer": "",
"shelf": "BBCMS",
"issue_date": "",
"linked_entities": [
{
"role": "Rating Agencies",
"name": "S&P, Fitch, KBRA"
},
{
"role": "Controlling Class",
"name": "LNR SECURITIES HOLDINGS, LLC OR ITS AFFILIATE"
},
{
"role": "Trustee",
"name": "Computershare Trust Company, N.A."
},
{
"role": "Operating Advisor",
"name": "Park Bridge Lender Services"
},
{
"role": "Master Servicer",
"name": "Midland Loan Services"
},
{
"role": "Certificate Administrator",
"name": "Computershare Trust Company, N.A."
},
{
"role": "Special Servicer",
"name": "LNR Partners"
},
{
"role": "Depositor",
"name": "Barclays Commercial Mortgage Securities"
}
]
}Access the underlying datasets used to power these analytics.
CMBS Fund Holdings Dataset
Filing data from sec.gov NPORT-P to produce the Fund Holdings table.
Paid
CREFC IRP standardized datasets
Get the standardized dataset following the CREFC IRP format, ideal for advanced reporting and analysis.
Paid
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