BBCMS 2023-C19
Explore verified charts, linked entities, and recent activity for this CMBS deal. Data last updated May 28, 2026.2026-05-28
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Quick Answer
What is BBCMS 2023-C19? A US commercial mortgage-backed security ($849.6M; 40 loans; 120 properties).
Identifiers: Series bbcms2023-c19; CIK 1966434.
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 1966434.
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-c19.json · API docs
📋 Quick Links
Who's Involved#
Rating AgenciesS&P, Fitch, KBRA
Controlling ClassKKR REAL ESTATE CREDIT OPPORTUNITY PARTNERS II L.P.
Operating AdvisorPentalpha Surveillance
Special ServicerK-Star Asset Management
Master ServicerKeyBank National Association
Certificate AdministratorComputershare Trust Company, N.A.
DepositorBarclays Commercial Mortgage Securities
TrusteeComputershare Trust Company, N.A.
Deal Metrics
Key performance indicators and statistics tracking the deal's current status and history.Deal Overview
Original Trust Amount
$849,567,001Current Trust Amount
$783,580,242Number of Loans
40Number of Properties
120Average Loan Size
$18,879,267Portfolio Characteristics
Weighted Average Interest Rate
6.4%Weighted Average Term
98 monthsWA DSCR (NCF) at Issuance
N/AWA DSCR (NCF) Current
1.60xOriginal Valuation
$7,483,495,000Current Valuation
$6,532,895,000Key Dates
Origination Date
3/14/2023Latest Valuation
1/6/2026Latest Transfer
5/5/2025Latest Return
1/9/2026Latest Modification
9/30/2025Special Servicing Status
Loans in Special Servicing
5Special Servicing Balance
$115,025,077Loans Returned to Master
2Balance Returned
$25,890,236Avg Time in Special Servicing
673 daysAvg Time to Return
413 daysValuation Changes
Updated Valuations
4Total Updated Value
$71,900,000Value Change Amount
-$6,100,000Value Change Percentage
-61.5%Modifications
Number of Modifications
2Modified Balance
$46,109,083Deal Charts
Charts showing deal performance over time.
Fund Exposure#
Source: NPORT-P & related disclosures • 2026-03-30| Fund Name | Filing Date | FIGI | LEI | Tranches | Total Value | Reporting Period |
|---|---|---|---|---|---|---|
| American Funds Multi-Sector Income Fund | 2026-05-28 | Search FIGI | Lookup LEI | A-S | $14,796,096 | 2026-12-31 |
| American Balanced Fund | 2026-02-26 | Search FIGI | Lookup LEI | A-5 | $13,815,926 | 2025-12-31 |
| Income Fund of America | 2026-03-30 | Search FIGI | Lookup LEI | A-5 | $5,473,543 | 2026-07-31 |
| Intermediate Bond Fund of America | 2026-04-27 | Search FIGI | Lookup LEI | A-5 | $3,810,519 | 2026-08-31 |
| Bond Fund of America | 2026-05-28 | Search FIGI | Lookup LEI | A-5 | $1,115,452 | 2026-12-31 |
| Catholic Responsible Investments Bond Fund | 2026-04-01 | Search FIGI | Lookup LEI | C | $515,248 | 2026-10-31 |
| Columbia Short Duration Bond ETF | 2026-03-27 | Search FIGI | Lookup LEI | A-2B | $229,015 | 2026-10-31 |
| BlackRock Sustainable Advantage CoreAlpha Bond Fund | 2024-07-26 | Search FIGI | Lookup LEI | A-5 | $20,052 | 2024-05-31 |
| Fund Name | Tranches | Ids |
|---|---|---|
| American Funds Multi-Sector Income Fund $14,796,096 2026-12-31 | A-S | Search FIGI Lookup LEI |
| American Balanced Fund $13,815,926 2025-12-31 | A-5 | Search FIGI Lookup LEI |
| Income Fund of America $5,473,543 2026-07-31 | A-5 | Search FIGI Lookup LEI |
| Intermediate Bond Fund of America $3,810,519 2026-08-31 | A-5 | Search FIGI Lookup LEI |
| Bond Fund of America $1,115,452 2026-12-31 | A-5 | Search FIGI Lookup LEI |
| Catholic Responsible Investments Bond Fund $515,248 2026-10-31 | C | Search FIGI Lookup LEI |
| Columbia Short Duration Bond ETF $229,015 2026-10-31 | A-2B | Search FIGI Lookup LEI |
| BlackRock Sustainable Advantage CoreAlpha Bond Fund $20,052 2024-05-31 | A-5 | Search FIGI Lookup LEI |
8 of 8 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.2023-06-22
Pooling and Servicing Agreement (PSA)
Document filing with updated information.
View on SEC →Context & Commentary#
Entity Statements
💬 Servicer Commentary
2026-03-31
Portfolio (2 Multifamily properties)
Abe Cohen
Prospectus ID: 31
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 has been finalized. Note sale effort launched late June 2025, though special servicer ultimately determined to proceed with foreclosure rather than
💬 Servicer Commentary
2026-03-31
The Showboat Hotel
Prospectus ID: 16-A-2-1
Lender has received a signed PNL and due diligence items were received. Lender is reviewing the file and working to implement cash management. Borrower has engaged counsel. Receivership proposal received.
💬 Servicer Commentary
2026-03-31
Walgreens Distribution Center
Kathryn Hicker
Prospectus ID: 11
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. De bt Service 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 reinstate theLoan. Fore closure Complaint filed 11/5/2025. Appraisal has been updated as of Oct. 2025.
💬 Servicer Commentary
2026-03-31
Prospectus ID: 16-A-2-2
Lender has received a signed PNL and due diligence items were received. Lender is reviewing the file and working to implement cash management. Borrower has engaged counsel. Receivership proposal received.
💬 Servicer Commentary
2026-03-31
2 Executive
Meyer Chetrit
Prospectus ID: 3
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 and ceased covering waterfall obligations. One of the parking structures was closed by the municipality. Foreclosure complaint and motion for receiver filed early June 2024. Receiver appointed 7/12/2024. Rec eiver evaluation of the asset remains ongoing, though several projects (HVAC, parking garage, etc.) are in process. Special Servicer has completed pre-foreclosure diligence and has received the judgment of
💬 Servicer Commentary
2026-01-27
Portfolio (39 Retail properties)
Oak Street Real Estate Capital Net Lease Property Fund LP
Prospectus ID: 18
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 Proper ties 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 dark properties ASAP. Modification has closed and loan will be returned to the Master in next 30 to 45 days.
💬 Servicer Commentary
2025-12-29
Abe Cohen
Prospectus ID: 28
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 five-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 formally demanded and accelerated. Foreclosure filed January 2025. MSJ filed August 2025. Updated appraisal is being finalized. Note sale effort launched late June 2025 with closing anticipated prior to year-end.
💬 Servicer Commentary
2025-09-30
Abe Cohen
Prospectus ID: 32
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 (including 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 accelerated. Foreclosure complaint filed December 2024. Updated appraisal is being finalized. Note sale effort launched late June 2025 with final results being analyzed for recommendation.
💬 Servicer Commentary
2025-09-30
Holiday Inn Express - Hesperia
Prospectus ID: 22
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. The RTM is in process for this loan.
💬 Servicer Commentary
2025-09-30
Abe Cohen
Prospectus ID: 36
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 by a 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 finalized. Note sale effort launched late June 2025 with final results being analyzed for recommendation.
External Analysis
No external analysis linked yet. Contact us to publish and link your research.Have a source-backed note on this deal? Contact us.
Datasets & API#
Machine-readable spec (ODPS): /odps/cmbs-deals.yamlGET https://api.dealcharts.org/deals/bbcms2023-c19
{
"deal_id": "bbcms2023-c19",
"issuer": "",
"shelf": "",
"issue_date": "",
"linked_entities": [
{
"role": "Rating Agencies",
"name": "S&P, Fitch, KBRA"
},
{
"role": "Controlling Class",
"name": "KKR REAL ESTATE CREDIT OPPORTUNITY PARTNERS II L.P."
},
{
"role": "Operating Advisor",
"name": "Pentalpha Surveillance"
},
{
"role": "Special Servicer",
"name": "K-Star Asset Management"
},
{
"role": "Master Servicer",
"name": "KeyBank National Association"
},
{
"role": "Certificate Administrator",
"name": "Computershare Trust Company, N.A."
},
{
"role": "Depositor",
"name": "Barclays Commercial Mortgage Securities"
},
{
"role": "Trustee",
"name": "Computershare Trust Company, N.A."
}
]
}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.
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CREFC IRP standardized datasets
Get the standardized dataset following the CREFC IRP format, ideal for advanced reporting and analysis.
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