1,092 deals

BBCMS 2023-C21 - Charts and Resources

Data discoverability for CMBS deal BBCMS 2023-C21 updated as of 2025-05-01.

2025-05-01

Deal Overview

BBCMS Mortgage Trust 2023-C21's issuance is a U.S. CMBS transaction issued from the BBCMS shelf and backed by 25 commercial mortgage loans with an aggregate principal balance of 679.2 million at issuance, secured by the fee and leasehold interests in 152 properties across 35 U.S. states.
RoleParty
Rating AgenciesS&P, Fitch, KBRA
Controlling Class3650 REAL ESTATE INVESTMENT TRUST 2 LLC OR AFFILIATE
Special Servicer3650 REIT Loan Servicing
TrusteeComputershare Trust Company, N.A.
Certificate AdministratorComputershare Trust Company, N.A.
Master ServicerMidland Loan Services
Operating AdvisorBellOak
DepositorBarclays Commercial Mortgage Securities

Deal Metrics

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

Deal Overview

Original Trust Amount
$679,550,000
Current Trust Amount
$673,254,362
Number of Loans
25
Number of Properties
152
Average Loan Size
$27,182,000

Portfolio Characteristics

Weighted Average Interest Rate
6.3%
Weighted Average Term
111 months
Original Valuation
$8,308,236,638
Current Valuation
$8,308,236,638

Key Dates

Origination Date
8/30/2023
Latest Valuation
7/25/2023
Latest Transfer
3/4/2025
Latest Return
N/A
Latest Modification
N/A

Special Servicing Status

Loans in Special Servicing
1
Special Servicing Balance
$14,250,000
Loans Returned to Master
0
Balance Returned
N/A
Avg Time in Special Servicing
59 days
Avg Time to Return
0 days

Valuation Changes

Updated Valuations
3
Total Updated Value
$10,400,000
Value Change Amount
N/A
Value Change Percentage
N/A

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-C21 - All States
2025-05-01

Fund Holdings

Explore a list of funds that include BBCMS 2023-C21 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 Investment Grade Bond Central Fund2025-02-25Search FIGILookup LEIA-3$18,610,5562025-09-30
iShares Core Total USD Bond Market ETF2025-03-26Search FIGILookup LEIA-5$14,869,0712025-10-31
Strategic Advisers Fidelity Core Income Fund2025-04-25Search FIGILookup LEIA-3$14,686,6582025-05-31
Fidelity Real Estate Income Fund2024-12-27Search FIGILookup LEIA-S, B$14,467,1452025-07-31
Bridge Builder Core Bond Fund2025-02-26Search FIGILookup LEIA-2$11,217,9322025-06-30
Performance Trust Total Return Bond Fund2025-04-08Search FIGILookup LEIA-2$10,201,3552025-08-31
PGIM Short Duration Multi-Sector Bond Fund2025-03-27Search FIGILookup LEIA-2$6,760,8272025-10-31
PGIM Core Bond Fund2025-03-25Search FIGILookup LEIA-2$3,640,4452025-07-31
Fidelity Real Estate High Income Fund2025-04-25Search FIGILookup LEIC, A-S$3,132,8172025-11-30
Fidelity Total Bond Fund2025-04-25Search FIGILookup LEIA-S, C$2,902,8562025-08-31
Intermediate Bond Fund of America2025-01-23Search FIGILookup LEIA-5$2,465,5562025-08-31
Fidelity SAI Total Bond Fund2025-04-25Search FIGILookup LEIA-S, C$1,641,3912025-08-31
Schwab U.S. Aggregate Bond Index Fund2025-04-24Search FIGILookup LEIA-5$1,601,8712025-08-31
iShares CMBS ETF2025-03-27Search FIGILookup LEIA-S, A-5$1,052,4102025-10-31
Fidelity Series Investment Grade Securitized Fund2025-04-25Search FIGILookup LEIA-3$261,9202025-08-31
Nuveen ESG U.S. Aggregate Bond ETF2024-12-26Search FIGILookup LEIA-5$106,3912025-07-31
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio2024-11-26Search FIGILookup LEIA-5$54,8012025-06-30
Fidelity Investment Grade Bond ETF2025-04-25Search FIGILookup LEIA-3$14,9062025-08-31
The Core Fixed Income Portfolio2024-11-26Search FIGILookup LEIA-5$10,9602025-06-30
Fund NameTranchesIds
Fidelity Investment Grade Bond Central Fund
$18,610,556
2025-09-30
A-3Search FIGI
Lookup LEI
iShares Core Total USD Bond Market ETF
$14,869,071
2025-10-31
A-5Search FIGI
Lookup LEI
Strategic Advisers Fidelity Core Income Fund
$14,686,658
2025-05-31
A-3Search FIGI
Lookup LEI
Fidelity Real Estate Income Fund
$14,467,145
2025-07-31
A-S, BSearch FIGI
Lookup LEI
Bridge Builder Core Bond Fund
$11,217,932
2025-06-30
A-2Search FIGI
Lookup LEI
Performance Trust Total Return Bond Fund
$10,201,355
2025-08-31
A-2Search FIGI
Lookup LEI
PGIM Short Duration Multi-Sector Bond Fund
$6,760,827
2025-10-31
A-2Search FIGI
Lookup LEI
PGIM Core Bond Fund
$3,640,445
2025-07-31
A-2Search FIGI
Lookup LEI
Fidelity Real Estate High Income Fund
$3,132,817
2025-11-30
C, A-SSearch FIGI
Lookup LEI
Fidelity Total Bond Fund
$2,902,856
2025-08-31
A-S, CSearch FIGI
Lookup LEI
Intermediate Bond Fund of America
$2,465,556
2025-08-31
A-5Search FIGI
Lookup LEI
Fidelity SAI Total Bond Fund
$1,641,391
2025-08-31
A-S, CSearch FIGI
Lookup LEI
Schwab U.S. Aggregate Bond Index Fund
$1,601,871
2025-08-31
A-5Search FIGI
Lookup LEI
iShares CMBS ETF
$1,052,410
2025-10-31
A-S, A-5Search FIGI
Lookup LEI
Fidelity Series Investment Grade Securitized Fund
$261,920
2025-08-31
A-3Search FIGI
Lookup LEI
Nuveen ESG U.S. Aggregate Bond ETF
$106,391
2025-07-31
A-5Search FIGI
Lookup LEI
The U.S. Mortgage/Asset Backed Fixed Income Securities Portfolio
$54,801
2025-06-30
A-5Search FIGI
Lookup LEI
Fidelity Investment Grade Bond ETF
$14,906
2025-08-31
A-3Search FIGI
Lookup LEI
The Core Fixed Income Portfolio
$10,960
2025-06-30
A-5Search 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-C21.

Monthly Remittance Report

2025-03-28

Pooling and Servicing Agreement (PSA)

2023-12-22

Pooling and Servicing Agreement (PSA)

2023-12-22

Final Prospectus

2023-09-19

Preliminary Prospectus

2023-09-11

Term Sheet

2023-09-08

Annex A

2023-09-08

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-C21, giving insights into the current situation and actions being taken.

3/11/2025 - The loan transferred to Special Servicing due to payment default. The Special Servicer is initiating discussions with the borrower while evaluating all potential resolutions to maximize recovery to the trust.

2025-03-28
Portfolio (2 Industrial properties)
Gary C. Nielson
* 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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CMBS Fund Holdings Dataset

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

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