BMARK 2023-B38 - Charts and Resources
Data discoverability for CMBS deal BMARK 2023-B38 updated as of 2025-04-28.
2025-04-28
Deal Overview
Benchmark 2023-B38 Mortgage Trust's issuance is a U.S. CMBS transaction issued from the BMARK shelf and backed by 25 commercial mortgage loans with an aggregate principal balance of 656.7 million at issuance, secured by the fee and leasehold interests in 42 properties across 21 U.S. states.| Role | Party |
|---|---|
| Rating Agencies | Moodys, Fitch, KBRA |
| Controlling Class | EIGHTFOLD REAL ESTATE CAPITAL FUND V, L.P. |
| Controlling Class | Pacific Design Center |
| Certificate Administrator | Computershare Trust Company, N.A. |
| Special Servicer | Argentic Services Company LP |
| Special Servicer | LNR Partners |
| Depositor | Deutsche Mortgage & Asset Receiving Corporation |
| Master Servicer | Midland Loan Services |
| Trustee | Computershare Trust Company, N.A. |
| Operating Advisor | Park Bridge Lender Services |
Deal Metrics
Key performance indicators and statistics tracking the deal's current status and history.Deal Overview
Original Trust Amount
$658,166,607Current Trust Amount
$654,313,417Number of Loans
25Number of Properties
42Average Loan Size
$26,326,664Portfolio Characteristics
Weighted Average Interest Rate
6.3%Weighted Average Term
98 monthsOriginal Valuation
$6,503,125,000Current Valuation
$6,503,125,000Key Dates
Origination Date
3/20/2023Latest Valuation
12/15/2023Latest Transfer
N/ALatest Return
N/ALatest Modification
N/ASpecial Servicing Status
Loans in Special Servicing
0Special Servicing Balance
N/ALoans Returned to Master
0Balance Returned
N/AAvg Time in Special Servicing
0 daysAvg Time to Return
0 daysValuation Changes
Updated Valuations
14Total Updated Value
$59,250,943Value Change Amount
-$100,000Value Change Percentage
-41.1%Modifications
Number of Modifications
0Modified Balance
N/ADeal 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.
Fund Holdings
Explore a list of funds that include BMARK 2023-B38 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 Name | Tranches | Ids |
|---|---|---|
| Fidelity Real Estate Income Fund $21,556,748 2025-07-31 | A-4 | Search FIGI Lookup LEI |
| Performance Trust Total Return Bond Fund $12,105,623 2025-08-31 | A-2 | Search FIGI Lookup LEI |
| iShares Core Total USD Bond Market ETF $7,329,105 2025-10-31 | A-4, A-2 | Search FIGI Lookup LEI |
| iShares Core 1-5 Year USD Bond ETF $7,102,848 2025-10-31 | A-2 | Search FIGI Lookup LEI |
| PGIM Core Bond Fund $6,015,284 2025-07-31 | A-2 | Search FIGI Lookup LEI |
| Fidelity Total Bond Fund $3,725,143 2025-08-31 | B, A-4, C | Search FIGI Lookup LEI |
| Fidelity SAI Total Bond Fund $2,106,058 2025-08-31 | C, B, A-4 | Search FIGI Lookup LEI |
| iShares CMBS ETF $2,029,385 2025-10-31 | A-2 | Search FIGI Lookup LEI |
| Fidelity Real Estate High Income Fund $1,433,220 2025-11-30 | B | Search FIGI Lookup LEI |
| WisdomTree Yield Enhanced U.S. Aggregate Bond Fund $367,705 2025-08-31 | A-4 | Search FIGI Lookup LEI |
| SPDR Portfolio Aggregate Bond ETF $265,656 2025-06-30 | A-4 | Search 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.
* 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 BMARK 2023-B38.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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