BBCMS 2023-C19 - Charts and Resources
Data discoverability for CMBS deal BBCMS 2023-C19 updated as of 2025-06-30.
Deal Overview
BBCMS Mortgage Trust 2023-C19's issuance is a U.S. CMBS transaction issued from the BBCMS shelf and backed by 45 commercial mortgage loans with an aggregate principal balance of 849.2 million at issuance, secured by the fee and leasehold interests in 120 properties across 26 U.S. states.Role | Party |
---|---|
Rating Agencies | S&P, Fitch, KBRA |
Controlling Class | KKR REAL ESTATE CREDIT OPPORTUNITY PARTNERS II L.P. |
Master Servicer | KeyBank National Association |
Trustee | Computershare Trust Company, N.A. |
Certificate Administrator | Computershare Trust Company, N.A. |
Operating Advisor | Pentalpha Surveillance |
Depositor | Barclays Commercial Mortgage Securities |
Special Servicer | K-Star Asset Management |
Deal Metrics
Key performance indicators and statistics tracking the deal's current status and history.Deal Overview
Portfolio Characteristics
Key Dates
Special Servicing Status
Valuation Changes
Modifications
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.
Fund Holdings
Explore a list of funds that include BBCMS 2023-C19 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.* 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-C19.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-C19, giving insights into the current situation and actions being taken.The Loan transferred to special servicing effective 1/18/24 due to various ongoing issues with the loan/collateral (including payment default). Interest is currently paid to 6/6/2024 (debt has been accelerated). The property experienced a casualty loss in Q2 2023. Cash flows at the property decreased in recent months and were not sufficient to satisfy all waterfall obligations. One of the parking structures was closed by the municipality. Foreclosure complaint and motion for receiver filed earlyJune 2024. Receiver appointed 7/12/2024. Receiver evaluation of the asset remains ongoing, though several projects (HVAC, parking garage, road repairs) are in process. Special Servicer commencing continuing with pre-foreclosure due
The Loan transferred to special servicing effective 2/7/2024 due to payment default. The loan is currently due for the 9/6/2024 payment. Other amounts (including costs/expenses/default interest/late charges)) have not been paid. The loan is secured by a f ive-building multifamily portfolio in Philadelphia, PA totaling 28-units (and one retail space). Special Servicer was seeking to resume reinstatement discussions, though the loan has remained delinquent. Legal counsel has been engaged and the debt formall y demanded and accelerated. Foreclosure filed January 2025. Updated appraisal is being finalized. Note sale launch anticipated late Q2 2025.
The Loan transferred to SS on 3/31/25 due to a potential default associated with properties with a total ALA representing over 40% of total $425MM ALA having been rejected in BK court. The subject Loan is a $425MM1st lien, fixed-rate, interest-only,mortgage loan. The $425MM Loan is comprised of 9 notes, secured by the fee and leasehold interest in 42, primarily grocery store properties. The 42 Properties, which were 100% leased to six tenants, pursuant to triple net (NNN) leases, consisted of31 retail roperties, 7 industrial, and 4 office Properties located in 8 states. In 3Q24, the tenants in the 3 largest properties filed BK. The BKs 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 Loans 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 go dark values indicate a drop $178.1MM, which results in a Loan LTV of only 48.68%. The Borrower has entered into a 6-mos. forbearance, which requires the Loan remains current, while the Borrower works to get below the40% level. The Borrowers marketing efforts for the 9 dark properties have produced a $475M purchase contract on the smallest dark property (ALA $250M). The Special will accept net proceeds and hold
Loan transferred to Special Servicing effective 4/9/25 due to payment default. Collateral is a 724,424 sf industrial property located in Mount Vernon, IL which is 100% occupied by Walgreens Boots Alliance and utilized as a regional distribution center. Interest currently paid to 1/1/25. Hello Letter has been noticed and PNL is executed as of 4/23/2025. Legal counsel has been engaged on behalf of the Trust. Servicer is currently reviewing Borrower's proposal to bring current and
Loan has recently transferred to SS, we are attempting to reach out to the borrower(s).
The Loan transferred to special servicing effective 1/9/2025 due to payment default. The loan is currently due for the 11/6/2024 payment Other amounts (including costs/expenses/default interest/late charges) have not been paid. The loan is secured bya 6-u nit multifamily building in Brooklyn, NY. Contact has been made with Borrower and PNA executed. Legal counsel has been engaged, the debt formally demanded and accelerated, and foreclosure filed. Appraisal is being
The Loan transferred to special servicing effective 2/7/2024 due to payment default. The loan is currently due for the 8/6/2024 payment. Other amounts (including costs/expenses/default interest/late charges) have not been paid. The Loan is secured bytwo a partment buildings totaling 16-units in Brooklyn, NY. Special Servicer was seeking to resume reinstatement discussions, though the loan has remained delinquent. Legal counsel has been engaged and the debt formally demanded and accelerated. Foreclosure com plaint filed December 2024. Updated appraisal is being finalized. Note sale launch anticipated late Q2 2025.
Loan has recently transferred to SS, we are attempting to reach out to the borrower(s).
Loan transferred to SS on 1/31/2024 as a result of Monetary Default. The Loan is secured by a 100 key limited-service hotel located in Hesperia, CA. Legal counsel was engaged and the notice of default was sent. The Loan is performing pursuant to theterms of the executed Reinstatement Agreement. SS is monitoring the loan in anticipation of returning this loan to the Master Servicer. An updated appraisal is also being finalized.
The Loan transferred to special servicing effective 2/7/2024 due to payment default. The loan is secured by a 15-unit multifamily property in the Park Slope neighborhood of Brooklyn, NY. The loan is currently due for the 8/6/2024 payment. Other amounts (i ncluding costs/expenses/default interest/late charges) have not been paid. Special Servicer was seeking to resume reinstatement discussions, though the loan has remained delinquent. Legal counsel has been engaged and the debt formally demanded and acceler ated. Foreclosure complaint filed December 2024. Updated appraisal is being finalized. Note sale launch anticipated late Q2 2025.
* The tagged date represents the date of the Edgar sec.gov filing.
* For full disclosures, please visit our disclosures page.
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