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CMBS dealSpecial servicing active

BMARK 2023-B39

As of 6/26/2026Source: SEC EDGAR, CIK 1979859
Latest answer
BMARK 2023-B39 is a CMBS reference page with collateral metrics, transaction parties, filings, fund exposure, and machine-readable facts tied back to source disclosure.
Coverage: 96%Freshness: 13 days
Context brief

Quick Answer

What is BMARK 2023-B39? A US commercial mortgage-backed security issued July 2023 ($906.7M; 23 loans; 160 properties).

Identifiers: Shelf BMARK; Series bmark2023-b39; CIK 1979859.

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 1979859.

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 and name the CUSIP you hold (or a seat you're sizing up). Cairn tailors the read to your position, with the receipts.

Part of:2023 VintageBMARK ShelfK-Star Asset Management (Special Servicer)
Machine-readable data: https://dealcharts.org/llm/facts/bmark2023-b39.json · API docs
Have a question this page didn't answer? Ask Cairn →
On this page:Entities8Metrics34Charts13Macro Context1Fund Holdings2Documents6Analysis & Commentary2

Who's Involved#

Rating AgenciesS&P, Fitch, KBRA
Risk RetentionHorizontal
Operating AdvisorPark Bridge Lender Services
TrusteeComputershare Trust Company, N.A.
Special ServicerK-Star Asset Management
DepositorCitigroup Commercial Mortgage Securities Inc.
Master ServicerMidland Loan Services
Certificate AdministratorComputershare Trust Company, N.A.

Deal Metrics

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

Deal Overview

Aggregate Original Loan Amount
Current Trust Amount
Number of Loans
Number of Properties
Average Loan Size

Portfolio Characteristics

Weighted Average Interest Rate
Weighted Average Term
WA DSCR (NCF) at Issuance
WA DSCR (NCF) Current
Original Valuation
Current Valuation

Key Dates

Origination Date
Latest Valuation
Latest Transfer
Latest Return
Latest Modification

Special Servicing Status

Loans in Special Servicing
Special Servicing Balance
Loans Returned to Master
Balance Returned
Avg Time in Special Servicing
Avg Time to Return

Valuation Changes

Updated Valuations
Total Updated Value
Value Change Amount
Value Change Percentage

Modifications

Number of Modifications
Modified Balance

Deal Charts

Charts showing deal performance over time.

Geographic Distribution - BMARK 2023-B39 - All States
2026-06-26

Fund Exposure#

Source: NPORT-P & related disclosures • 2026-05-29
Fund NameFiling DateFIGILEITranchesTotal ValueReporting Period
STERLING CAPITAL ENHANCED CORE BOND ETF2025-05-29Search FIGILookup LEIA-5$209,2902025-12-31
GuideMark Core Fixed Income Fund2026-05-29Search FIGILookup LEIX-A$61,5292026-03-31
Fund NameTranchesIds
STERLING CAPITAL ENHANCED CORE BOND ETF
$209,290
2025-12-31		A-5Search FIGI
Lookup LEI
GuideMark Core Fixed Income Fund
$61,529
2026-03-31		X-ASearch FIGI
Lookup LEI
2 of 2 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.
2026-06-26
Latest
Monthly Remittance Report
Document filing with updated information.
View on SEC →
2023-07-18
Final Prospectus
Document filing with updated information.
View on SEC →
2023-06-20
Final Termsheet
Document filing with updated information.
View on SEC →
2023-06-20
Annex A
Document filing with updated information.
View on SEC →
2023-06-20
Preliminary Termsheet
Document filing with updated information.
View on SEC →
2023-06-20
Preliminary Prospectus
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

2026-06-26
3300 75th Avenue
Office Properties Income Trust
Prospectus ID: 12
6/11/2026 - The Loan transferred to special servicing effective 11/13/25 for imminent default due to guarantor bankruptcy. The loan is secured by a +/- 266,000 SF office building in Landover, MD that is 100% occupied by the United States GSA. Legal counse l has been engaged. Proof of claim has been filed by lender in the guarantor bankruptcy for the contingent liability. The special servicer continues to evaluate available rights and remedies. Based on review of bankruptcy court docket, it appears the case may resolve in mid-2026. Reinstatement agreement finalized with Borrower which will become effective with the guarantor''s exit from bankruptcy (was anticipated in May 2026, but has not yet occurred). Loan
Open Deal →

💬 Servicer Commentary

2026-06-26
Deerbrook Medical Center
Ravi Kumar Moparty
Prospectus ID: 20
6/11/2026 - The loan transferred to special servicing effective 4/17/2025 due to payment default. The Borrower is reportedly experiencing collection issues, most notably from an affiliate-tenant (+/- 50% NRA) which is currently in bankruptcy. However, the tenant has transitioned its bankruptcy from a Chapter 11 to a Chapter 7 and is ceasing operations. Legal counsel has been engaged and the debt formally demanded. Borrower has executed the PNA and requested reinstatement amounts. Special servicer sought a receiver to manage the asset (which has many owner-affiliated tenants), which was approved by the court in December 2025. The receiver is actively attempting to lease the asset. Special Servicer continues
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#

GET https://dealcharts.org/llm/facts/bmark2023-b39.json
{
  "deal_id": "bmark2023-b39",
  "issuer": "",
  "shelf": "BMARK",
  "issue_date": "",
  "linked_entities": [
  {
    "role": "Rating Agencies",
    "name": "S&P, Fitch, KBRA"
  },
  {
    "role": "Risk Retention",
    "name": "Horizontal"
  },
  {
    "role": "Operating Advisor",
    "name": "Park Bridge Lender Services"
  },
  {
    "role": "Trustee",
    "name": "Computershare Trust Company, N.A."
  },
  {
    "role": "Special Servicer",
    "name": "K-Star Asset Management"
  },
  {
    "role": "Depositor",
    "name": "Citigroup Commercial Mortgage Securities Inc."
  },
  {
    "role": "Master Servicer",
    "name": "Midland Loan Services"
  },
  {
    "role": "Certificate Administrator",
    "name": "Computershare Trust Company, N.A."
  }
]
}


Access the underlying datasets used to power these analytics.
Marketplace dataset

CMBS Fund Holdings Dataset

Snowflake Marketplace

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

Go to MarketplaceData Dictionary
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Marketplace dataset

CREFC IRP standardized datasets

Snowflake Marketplace

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

Go to MarketplaceData Dictionary
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