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BBCMS 2023-C21

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-C21? A US commercial mortgage-backed security issued September 2023 ($679.5M; 25 loans; 164 properties).

Identifiers: Shelf BBCMS; Series bbcms2023-c21; CIK 1985684.

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 1985684.

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.

Part of:2023 VintageBBCMS Shelf3650 REIT Loan Servicing (Special Servicer)
Machine-readable data: https://dealcharts.org/llm/facts/bbcms2023-c21.json · API docs
Have a question this page didn't answer? Ask Cairn →
On this page:🏢 Entities
8
📈 Metrics
34
📊 Charts
14
💰 Fund Holdings
6
📄 Documents
7
💬 Analysis & Commentary
1

Who's Involved#

Rating AgenciesS&P, Fitch, KBRA
Controlling Class3650 REAL ESTATE INVESTMENT TRUST 2 LLC OR AFFILIATE
Certificate AdministratorComputershare Trust Company, N.A.
TrusteeComputershare Trust Company, N.A.
Master ServicerMidland Loan Services
DepositorBarclays Commercial Mortgage Securities
Special Servicer3650 REIT Loan Servicing
Operating AdvisorBellOak

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
$671,825,795
Number of Loans
25
Number of Properties
164
Average Loan Size
$27,182,000

Portfolio Characteristics

Weighted Average Interest Rate
6.3%
Weighted Average Term
111 months
WA DSCR (NCF) at Issuance
2.19x
WA DSCR (NCF) Current
2.08x
Original Valuation
$11,993,686,638
Current Valuation
$11,993,946,638

Key Dates

Origination Date
8/30/2023
Latest Valuation
4/20/2025
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
485 days
Avg Time to Return
0 days

Valuation Changes

Updated Valuations
2
Total Updated Value
$22,010,000
Value Change Amount
$260,000
Value Change Percentage
0.2%

Modifications

Number of Modifications
0
Modified Balance
N/A

Deal Charts

Charts showing deal performance over time.

Geographic Distribution - BBCMS 2023-C21 - All States
2026-06-30

Fund Exposure#

Source: NPORT-P & related disclosures • 2026-03-31
Fund NameFiling DateFIGILEITranchesTotal ValueReporting Period
American Balanced Fund2026-02-26Search FIGILookup LEIA-5$8,495,9842025-12-31
Income Fund of America2026-03-30Search FIGILookup LEIA-5$3,434,9022026-07-31
Intermediate Bond Fund of America2026-04-27Search FIGILookup LEIA-5$2,509,9952026-08-31
U.S. Total Bond Index Master Portfolio2025-08-26Search FIGILookup LEIA-5$1,001,2102025-12-31
Putnam ESG Core Bond ETF2026-03-31Search FIGILookup LEIA-3$848,0892026-04-30
Bond Fund of America2026-05-28Search FIGILookup LEIA-5$636,5462026-12-31
Fund NameTranchesIds
American Balanced Fund
$8,495,984
2025-12-31
A-5Search FIGI
Lookup LEI
Income Fund of America
$3,434,902
2026-07-31
A-5Search FIGI
Lookup LEI
Intermediate Bond Fund of America
$2,509,995
2026-08-31
A-5Search FIGI
Lookup LEI
U.S. Total Bond Index Master Portfolio
$1,001,210
2025-12-31
A-5Search FIGI
Lookup LEI
Putnam ESG Core Bond ETF
$848,089
2026-04-30
A-3Search FIGI
Lookup LEI
Bond Fund of America
$636,546
2026-12-31
A-5Search 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.
Filings are mapped to tranches/deals with normalized identifiers.Quality & lineageFund not listed or misattributed? Contact us at support@cmdrvl.com to ensure accurate exposure mapping.

Provenance & Documents

Issuance → amendments → reports. Tap to view on SEC.
2026-05-28
Latest
Monthly Remittance Report
Document filing with updated information.
View on SEC →
2023-12-22
Pooling and Servicing Agreement (PSA)
Document filing with updated information.
View on SEC →
2023-12-22
Pooling and Servicing Agreement (PSA)
Document filing with updated information.
View on SEC →
2023-09-19
Final Prospectus
Document filing with updated information.
View on SEC →
2023-09-11
Preliminary Prospectus
Document filing with updated information.
View on SEC →
2023-09-08
Annex A
Document filing with updated information.
View on SEC →
2023-09-08
Final Termsheet
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
Portfolio (2 Industrial properties)
Gary C. Nielson
Prospectus ID: 18
6/10/2026 - The loan transferred to Special Servicing due to payment default. A Notice of Default and Notice of Acceleration were sent to Borrower. Lender''s counsel has commenced enforcement proceedings, with a foreclosure filed on 10/9/25 and a receive r appointed as of 10/28/25. The receiver is currently overseeing the collateral and enforcing the leases, while foreclosure continues. The Special Servicer will continue to dual track discussions with the borrower while evaluating all
Open Deal →

External Analysis

No external analysis linked yet. Contact us to publish and link your research.
All items include provenance (author, timestamp, source).Have a source-backed clarification? Contact us.
Monitoring
This deal's collateral and ratings data changes over time. Who is watching it for you?
CMD+RVL runs monitors on the filings behind this page — new servicer reports, ratings actions, collateral shifts — and delivers each state change with full provenance.
Set up monitoring for this deal
Have a source-backed note on this deal? Contact us.

Datasets & API#

Machine-readable spec (ODPS): /odps/cmbs-deals.yaml
GET https://api.dealcharts.org/deals/bbcms2023-c21
{
  "deal_id": "bbcms2023-c21",
  "issuer": "",
  "shelf": "BBCMS",
  "issue_date": "",
  "linked_entities": [
  {
    "role": "Rating Agencies",
    "name": "S&P, Fitch, KBRA"
  },
  {
    "role": "Controlling Class",
    "name": "3650 REAL ESTATE INVESTMENT TRUST 2 LLC OR AFFILIATE"
  },
  {
    "role": "Certificate Administrator",
    "name": "Computershare Trust Company, N.A."
  },
  {
    "role": "Trustee",
    "name": "Computershare Trust Company, N.A."
  },
  {
    "role": "Master Servicer",
    "name": "Midland Loan Services"
  },
  {
    "role": "Depositor",
    "name": "Barclays Commercial Mortgage Securities"
  },
  {
    "role": "Special Servicer",
    "name": "3650 REIT Loan Servicing"
  },
  {
    "role": "Operating Advisor",
    "name": "BellOak"
  }
]
}


Access the underlying datasets used to power these analytics.
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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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CREFC IRP standardized datasets

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

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Ask Cairn

What does BBCMS 2023-C21 mean for you?

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