BBCMS 2023-C20 - Charts and Resources

Data discoverability for CMBS deal BBCMS 2023-C20 updated as of 2025-03-28.

2025-03-28

Deal Overview

BBCMS 2023-C20's issuance is a U.S. CMBS transaction issued from the BBCMS shelf and backed by 51 commercial mortgage loans with an aggregate principal balance of 825.1 million at issuance, secured by the fee and leasehold interests in 146 properties across 38 U.S. states.
Rating AgenciesS&P, Fitch, KBRAControlling ClassLD III SUB XII, LLCDepositorBarclays Commercial Mortgage SecuritiesMaster ServicerKeyBank National AssociationSpecial ServicerLNR PartnersTrusteeComputershare Trust Company, N.A.Certificate AdministratorComputershare Trust Company, N.A.Operating AdvisorPark Bridge Lender Services

Deal Metrics

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

Key Deal Information

Core financial metrics and portfolio characteristics of the deal.
Original Trust Amount
$826,642,000
Current Trust Amount
$818,137,114(1.0%)
Number of Loans
51
Number of Properties
146
Average Loan Size
$16,208,667
Weighted Average Interest Rate
6.6%
Weighted Average Term
108 months

Key Dates

Timeline of significant events and milestones in the deal's history.
Origination Date
6/6/2023
Most Recent Valuation Date
2/29/2024
Most Recent Transfer Date
4/29/2024
Most Recent Return Date
N/A
Most Recent Modification Date
N/A

Special Servicing

Status and history of loans transferred to special servicing.
Loans in Special Servicing
3
Special Servicing Balance
$12,428,083
Loans Returned to Master
0
Balance Returned to Master
N/A
Avg Special Servicing Time
350 days
Avg Time to Return to Master
0 days

Modifications

Summary of loan modifications and affected balances.
Number of Modifications
0
Modified Amount
N/A

Valuations

Property valuation changes and updates since deal issuance.
Total Valuation at Issuance
$5,662,925,000
Current Total Valuation
$5,516,025,000
Number of Updated Valuations
1
Total Updated Valuation
$1,013,600,000
Valuation Change Amount
-$2,000,000
Valuation Change Percentage
-14.8%

Deal Charts

Fund Holdings

Explore a list of funds that include BBCMS 2023-C20 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
Fidelity Real Estate Income Fund2024-12-27Search FIGILookup LEIA-5$14,736,5262025-07-31
PGIM Short Duration Multi-Sector Bond Fund2025-03-27Search FIGILookup LEIA-2$3,650,4702025-10-31
iShares CMBS ETF2025-03-27Search FIGILookup LEIA-S, A-5$2,058,2312025-10-31
BNY Mellon Core Bond ETF2025-03-25Search FIGILookup LEIA-3$1,000,8292025-10-31
BlackRock U.S. Mortgage Portfolio2024-12-26Search FIGILookup LEIX-A$620,3962025-04-30
Core Fixed Income Fund2025-01-28Search FIGILookup LEIX-A$279,9062025-08-31
SPDR Portfolio Aggregate Bond ETF2024-11-25Search FIGILookup LEIA-5$128,5162025-06-30
Short Duration Bond Fund2025-03-27Search FIGILookup LEIA-1$81,3842025-10-31
Opportunistic Fixed Income Fund2025-01-28Search FIGILookup LEIA-S$10,3812025-08-31
Fund NameTranchesIds
Fidelity Real Estate Income Fund
$14,736,526
2025-07-31
A-5Search FIGI
Lookup LEI
PGIM Short Duration Multi-Sector Bond Fund
$3,650,470
2025-10-31
A-2Search FIGI
Lookup LEI
iShares CMBS ETF
$2,058,231
2025-10-31
A-S, A-5Search FIGI
Lookup LEI
BNY Mellon Core Bond ETF
$1,000,829
2025-10-31
A-3Search FIGI
Lookup LEI
BlackRock U.S. Mortgage Portfolio
$620,396
2025-04-30
X-ASearch FIGI
Lookup LEI
Core Fixed Income Fund
$279,906
2025-08-31
X-ASearch FIGI
Lookup LEI
SPDR Portfolio Aggregate Bond ETF
$128,516
2025-06-30
A-5Search FIGI
Lookup LEI
Short Duration Bond Fund
$81,384
2025-10-31
A-1Search FIGI
Lookup LEI
Opportunistic Fixed Income Fund
$10,381
2025-08-31
A-SSearch 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.

Recent Special Servicing 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-C20, giving insights into the current situation and actions being taken.

3/11/2025 Borrower filed chapter 11 bankruptcy on 6/26/24 and the case is ongoing. Borrower and Lender continue to negotiate potential settlement terms.

2025-03-28
Portfolio (44 Hotel properties)

3/11/2025 Borrower filed chapter 11 bankruptcy on 6/26/24 and the case is ongoing. Borrower and Lender continue to negotiate potential settlement terms.

2025-03-28
Travelodge - 98 Moffat Avenue

3/11/2025 Borrower filed chapter 11 bankruptcy on 6/26/24 and the case is ongoing. Borrower and Lender continue to negotiate potential settlement terms.

2025-03-28
Travelodge - 98 Moffat Avenue
* 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.

Get some data

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.

Go to Marketplace   Data Dictionary
Paid

CREFC IRP standardized datasets

Get the standardized dataset following the CREFC IRP format, ideal for advanced reporting and analysis.

Go to Marketplace   Data Dictionary
Paid

Dive deeper

The following platforms carry this deal.