BBCMS 2023-C21 - Charts and Resources

Data discoverability for CMBS deal BBCMS 2023-C21 updated as of 2025-03-28.

2025-03-28

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.
Rating AgenciesS&P, Fitch, KBRAControlling Class3650 REAL ESTATE INVESTMENT TRUST 2 LLC OR AFFILIATEDepositorBarclays Commercial Mortgage SecuritiesMaster ServicerMidland Loan ServicesSpecial Servicer3650 REIT Loan ServicingTrusteeComputershare Trust Company, N.A.Certificate AdministratorComputershare Trust Company, N.A.Operating AdvisorBellOak

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
$679,550,000
Current Trust Amount
$673,288,405(1.0%)
Number of Loans
25
Number of Properties
152
Average Loan Size
$27,182,000
Weighted Average Interest Rate
6.3%
Weighted Average Term
111 months

Key Dates

Timeline of significant events and milestones in the deal's history.
Origination Date
8/29/2023
Most Recent Valuation Date
7/24/2023
Most Recent Transfer Date
3/3/2025
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
1
Special Servicing Balance
$14,250,000
Loans Returned to Master
0
Balance Returned to Master
N/A
Avg Special Servicing Time
42 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
$8,308,236,638
Current Total Valuation
$8,308,236,638
Number of Updated Valuations
3
Total Updated Valuation
$10,400,000
Valuation Change Amount
N/A
Valuation Change Percentage
N/A

Deal Charts

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
Strategic Advisers Fidelity Core Income Fund2024-10-29Search FIGILookup LEIA-3$15,675,7162025-05-31
iShares Core Total USD Bond Market ETF2025-03-26Search FIGILookup LEIA-5$14,869,0712025-10-31
Fidelity Real Estate Income Fund2024-12-27Search FIGILookup LEIB, A-S$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
Intermediate Bond Fund of America2025-01-23Search FIGILookup LEIA-5$2,465,5562025-08-31
Schwab U.S. Aggregate Bond Index Fund2025-01-24Search FIGILookup LEIA-5$1,073,4772025-08-31
iShares CMBS ETF2025-03-27Search FIGILookup LEIA-S, A-5$1,052,4102025-10-31
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
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
Strategic Advisers Fidelity Core Income Fund
$15,675,716
2025-05-31
A-3Search FIGI
Lookup LEI
iShares Core Total USD Bond Market ETF
$14,869,071
2025-10-31
A-5Search FIGI
Lookup LEI
Fidelity Real Estate Income Fund
$14,467,145
2025-07-31
B, A-SSearch 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
Intermediate Bond Fund of America
$2,465,556
2025-08-31
A-5Search FIGI
Lookup LEI
Schwab U.S. Aggregate Bond Index Fund
$1,073,477
2025-08-31
A-5Search FIGI
Lookup LEI
iShares CMBS ETF
$1,052,410
2025-10-31
A-S, A-5Search 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
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.

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-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.

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.

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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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