BMARK 2023-B38 – Deal Overview & Connected Data
Explore verified charts, linked entities, and recent activity for this CMBS deal. Data last updated October 29, 2025.2025-10-29
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Quick Answer
What is BMARK 2023-B38? A US commercial mortgage-backed security ($658.2M; 25 loans; 50 properties).
Identifiers: Series bmark2023-b38; CIK 1966002.
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 1966002.
Who's Involved#
Rating AgenciesMoodys, Fitch, KBRA
Controlling ClassEIGHTFOLD REAL ESTATE CAPITAL FUND V, L.P.
Operating AdvisorPark Bridge Lender Services
Master ServicerMidland Loan Services
Certificate AdministratorComputershare Trust Company, N.A.
TrusteeComputershare Trust Company, N.A.
Controlling ClassPacific Design Center
Special ServicerLNR Partners
DepositorDeutsche Mortgage & Asset Receiving Corporation
Special ServicerArgentic Services Company LP
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
$653,597,830Number of Loans
25Number of Properties
50Average Loan Size
$26,326,664Portfolio Characteristics
Weighted Average Interest Rate
6.3%Weighted Average Term
98 monthsOriginal Valuation
$8,936,015,000Current Valuation
$8,936,525,000Key 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
4Total Updated Value
N/AValue Change Amount
N/AValue Change Percentage
N/AModifications
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 Exposure#
Source: NPORT-P & related disclosures • 2025-08-28| Fund Name | Filing Date | FIGI | LEI | Tranches | Total Value | Reporting Period |
|---|---|---|---|---|---|---|
| American Funds Multi-Sector Income Fund | 2025-08-25 | Search FIGI | Lookup LEI | A-M | $22,945,506 | 2025-12-31 |
| Capital Income Builder | 2025-09-25 | Search FIGI | Lookup LEI | A-4 | $6,580,077 | 2025-10-31 |
| Virtus Newfleet Multi-Sector Short Term Bond Fund | 2025-08-26 | Search FIGI | Lookup LEI | A-2 | $4,333,479 | 2025-09-30 |
| PSF PGIM 50/50 Balanced Portfolio | 2025-08-27 | Search FIGI | Lookup LEI | A-2 | $3,069,761 | 2025-12-31 |
| iShares Core Total USD Bond Market ETF | 2025-09-26 | Search FIGI | Lookup LEI | A-4 | $1,255,861 | 2025-10-31 |
| SPDR Portfolio Aggregate Bond ETF | 2025-08-28 | Search FIGI | Lookup LEI | A-4 | $259,524 | 2025-06-30 |
| RiverNorth/DoubleLine Strategic Income Fund | 2025-08-28 | Search FIGI | Lookup LEI | A-2 | $240,606 | 2025-09-30 |
| Virtus Newfleet CMBS MACS | 2025-08-26 | Search FIGI | Lookup LEI | A-2 | $158,604 | 2025-06-30 |
| Virtus Tactical Allocation Fund | 2025-02-27 | Search FIGI | Lookup LEI | A-2 | $155,132 | 2025-09-30 |
| Western Asset Inflation Indexed Plus Bond Fund | 2025-08-26 | Search FIGI | Lookup LEI | A-4 | $135,263 | 2025-12-31 |
| Fund Name | Tranches | Ids |
|---|---|---|
| American Funds Multi-Sector Income Fund $22,945,506 2025-12-31 | A-M | Search FIGI Lookup LEI |
| Capital Income Builder $6,580,077 2025-10-31 | A-4 | Search FIGI Lookup LEI |
| Virtus Newfleet Multi-Sector Short Term Bond Fund $4,333,479 2025-09-30 | A-2 | Search FIGI Lookup LEI |
| PSF PGIM 50/50 Balanced Portfolio $3,069,761 2025-12-31 | A-2 | Search FIGI Lookup LEI |
| iShares Core Total USD Bond Market ETF $1,255,861 2025-10-31 | A-4 | Search FIGI Lookup LEI |
| SPDR Portfolio Aggregate Bond ETF $259,524 2025-06-30 | A-4 | Search FIGI Lookup LEI |
| RiverNorth/DoubleLine Strategic Income Fund $240,606 2025-09-30 | A-2 | Search FIGI Lookup LEI |
| Virtus Newfleet CMBS MACS $158,604 2025-06-30 | A-2 | Search FIGI Lookup LEI |
| Virtus Tactical Allocation Fund $155,132 2025-09-30 | A-2 | Search FIGI Lookup LEI |
| Western Asset Inflation Indexed Plus Bond Fund $135,263 2025-12-31 | A-4 | Search FIGI Lookup LEI |
10 of 10 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.
* 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.
Provenance & Documents
Issuance → amendments → reports. Tap to view on SEC.2023-12-27
Pooling and Servicing Agreement (PSA)
Document filing with updated information.
View on SEC →Context & Commentary#
Entity Statements
No statements from entities yet. Contact us at partnerships@dealcharts.org to add official context.External Analysis
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Datasets & API#
Machine-readable spec (ODPS): /odps/cmbs-deals.yamlGET https://api.dealcharts.org/deals/bmark2023-b38
{
"deal_id": "bmark2023-b38",
"issuer": "",
"shelf": "",
"issue_date": "",
"linked_entities": [
{
"role": "Rating Agencies",
"name": "Moodys, Fitch, KBRA"
},
{
"role": "Controlling Class",
"name": "EIGHTFOLD REAL ESTATE CAPITAL FUND V, L.P."
},
{
"role": "Operating Advisor",
"name": "Park Bridge Lender Services"
},
{
"role": "Master Servicer",
"name": "Midland Loan Services"
},
{
"role": "Certificate Administrator",
"name": "Computershare Trust Company, N.A."
},
{
"role": "Trustee",
"name": "Computershare Trust Company, N.A."
},
{
"role": "Controlling Class",
"name": "Pacific Design Center"
},
{
"role": "Special Servicer",
"name": "LNR Partners"
},
{
"role": "Depositor",
"name": "Deutsche Mortgage & Asset Receiving Corporation"
},
{
"role": "Special Servicer",
"name": "Argentic Services Company LP"
}
]
}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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