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CMBS dealSpecial servicing active

BMARK 2023-B40

As of 6/29/2026Source: SEC EDGAR, CIK 1991192
Latest answer
BMARK 2023-B40 is a CMBS reference page with collateral metrics, transaction parties, filings, fund exposure, and machine-readable facts tied back to source disclosure.
Coverage: 93%Freshness: 10 days
Context brief

Quick Answer

What is BMARK 2023-B40? A US commercial mortgage-backed security issued December 2023 ($484.4M; 19 loans; 34 properties).

Identifiers: Shelf BMARK; Series bmark2023-b40; CIK 1991192.

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 1991192.

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 ShelfLNR Partners (Special Servicer)
Machine-readable data: https://dealcharts.org/llm/facts/bmark2023-b40.json · API docs
Have a question this page didn't answer? Ask Cairn →
On this page:Entities7Metrics34Charts15Macro Context1Fund Holdings7Documents11Analysis & Commentary1

Who's Involved#

Rating AgenciesS&P, Fitch, KBRA
Master ServicerMidland Loan Services
TrusteeComputershare Trust Company, N.A.
Certificate AdministratorComputershare Trust Company, N.A.
Special ServicerLNR Partners
DepositorJ.P. Morgan Chase Commercial Mortgage Securities Corp.
Operating AdvisorPentalpha Surveillance

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-B40 - All States
2026-06-29

Fund Exposure#

Source: NPORT-P & related disclosures • 2025-03-27
Fund NameFiling DateFIGILEITranchesTotal ValueReporting Period
American Funds Multi-Sector Income Fund2026-05-28Search FIGILookup LEIB$7,227,5152026-12-31
American Funds Strategic Bond Fund2026-05-28Search FIGILookup LEIB$1,866,9862026-12-31
Principal Real Estate Income Fund2025-03-27Search FIGILookup LEID$976,3232025-10-31
Fidelity Total Bond ETF2025-07-24Search FIGILookup LEIA-S$528,2862025-08-31
AMG GW&K Securitized Bond SMA Shares2026-06-01Search FIGILookup LEIA-5$266,8452026-12-31
GuideMark Core Fixed Income Fund2026-05-29Search FIGILookup LEIX-A$49,1052026-03-31
VANGUARD CORE-PLUS BOND INDEX ETF2026-02-26Search FIGILookup LEIA-5$27,0152026-09-30
Fund NameTranchesIds
American Funds Multi-Sector Income Fund
$7,227,515
2026-12-31
BSearch FIGI
Lookup LEI
American Funds Strategic Bond Fund
$1,866,986
2026-12-31
BSearch FIGI
Lookup LEI
Principal Real Estate Income Fund
$976,323
2025-10-31
DSearch FIGI
Lookup LEI
Fidelity Total Bond ETF
$528,286
2025-08-31
A-SSearch FIGI
Lookup LEI
AMG GW&K Securitized Bond SMA Shares
$266,845
2026-12-31
A-5Search FIGI
Lookup LEI
GuideMark Core Fixed Income Fund
$49,105
2026-03-31
X-ASearch FIGI
Lookup LEI
VANGUARD CORE-PLUS BOND INDEX ETF
$27,015
2026-09-30
A-5Search FIGI
Lookup LEI
7 of 7 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.
2026-06-29
Latest
Monthly Remittance Report
Document filing with updated information.
View on SEC →
2023-12-21
Pooling and Servicing Agreement (PSA)
Document filing with updated information.
View on SEC →
2023-12-13
Pooling and Servicing Agreement (PSA)
Document filing with updated information.
View on SEC →
2023-12-13
Pooling and Servicing Agreement (PSA)
Document filing with updated information.
View on SEC →
2023-12-13
Pooling and Servicing Agreement (PSA)
Document filing with updated information.
View on SEC →
2023-12-13
Pooling and Servicing Agreement (PSA)
Document filing with updated information.
View on SEC →
2023-12-13
Final Prospectus
Document filing with updated information.
View on SEC →
2023-12-06
Final Termsheet
Document filing with updated information.
View on SEC →
2023-12-06
Annex A
Document filing with updated information.
View on SEC →
2023-12-06
Preliminary Prospectus
Document filing with updated information.
View on SEC →
2023-12-05
Preliminary 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

2026-06-29
Staybridge Suites Lubbock
Harendra I. Patel
Prospectus ID: 17
6/10/2026 - Loan transferred as Specially Serviced on 1/12/2026 due to delinquency of loan payments of 60-plus days. The collateral is a 120-key four-story Staybridge Suites, all-suites flag licensed by IHG, constructed in 2017 and located on 2.07 acres in Lubbock, TX. Borrower returned executed Pre-Negotiation Letter to Lender, who is simultaneously pursuing legal remedies and discussions with Borrower and Borrower''s Third-Party Advisor. Trust Counsel engaged. Notice of
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-b40.json
{
  "deal_id": "bmark2023-b40",
  "issuer": "",
  "shelf": "BMARK",
  "issue_date": "",
  "linked_entities": [
  {
    "role": "Rating Agencies",
    "name": "S&P, Fitch, KBRA"
  },
  {
    "role": "Master Servicer",
    "name": "Midland Loan Services"
  },
  {
    "role": "Trustee",
    "name": "Computershare Trust Company, N.A."
  },
  {
    "role": "Certificate Administrator",
    "name": "Computershare Trust Company, N.A."
  },
  {
    "role": "Special Servicer",
    "name": "LNR Partners"
  },
  {
    "role": "Depositor",
    "name": "J.P. Morgan Chase Commercial Mortgage Securities Corp."
  },
  {
    "role": "Operating Advisor",
    "name": "Pentalpha Surveillance"
  }
]
}


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Marketplace dataset

CMBS Fund Holdings Dataset

Snowflake Marketplace

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

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