BMO 2023-C5 - Charts and Resources
Data discoverability for CMBS deal BMO 2023-C5 updated as of 2025-06-30.
Deal Overview
BMO 2023-C5 Mortgage Trust's issuance is a U.S. CMBS transaction issued from the BMO shelf and backed by 34 commercial mortgage loans with an aggregate principal balance of 657.2 million at issuance, secured by the fee and leasehold interests in 199 properties across 23 U.S. states.| Role | Party |
|---|---|
| Rating Agencies | S&P, Fitch, KBRA |
| Controlling Class | RREF IV-D AIV RR, LLC |
| Risk Retention | L-Shaped |
| Master Servicer | Midland Loan Services |
| Operating Advisor | Park Bridge Lender Services |
| Special Servicer | Rialto Capital Advisors |
| Certificate Administrator | Computershare Trust Company, N.A. |
| Depositor | BMO Commercial Mortgage Securities c/o BMO Capital |
| Trustee | Computershare Trust Company, N.A. |
Deal Metrics
Key performance indicators and statistics tracking the deal's current status and history.Deal Overview
Portfolio Characteristics
Key Dates
Special Servicing Status
Valuation Changes
Modifications
Deal 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 BMO 2023-C5 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.* 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 BMO 2023-C5.Recent 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 BMO 2023-C5, giving insights into the current situation and actions being taken.6/11/2025 - Special Servicer is in the process of determining next steps for this Loan. Borrower has executed PNL and is cooperating with Special Servicer. As of 5/27/2025, Borrower and Special Servicer are working to finalize a Bring-Current to
6/11/2025 - Borrower remains non-compliant with cash management and reporting requirements. Lender is evaluating litigation process.
6/11/2025 - Borrower remains non-compliant with cash management and reporting requirements. Lender is evaluating litigation process.
"5/12/2025 - The Loan was transferred to the Special Servicer on 3/31/25 due to a potential default associated with properties with a total ALA representing over 40% of total $425.0MM ALA having been rejected in BK court. The subject Loan is a $425.0MM first lien, fixed-rate, interest-only, mortgage loan. The $425.0MM Loan is comprised of 9 notes, secured by the fee and leasehold interest in 42, primarily grocery store properties. The 42 Properties, which were 100% leased to six tenants, pursuant to triple net (NNN) leases, consisted of 31 retail Properties, seven industrial Properties, and four office Properties located in eight states. In 3Q24, the tenants in the 3 largest properties (Big Lots & Badcock) in the collateral pool, filed bankruptcy. The BKs ultimately resulted in the rejection of leases on 9 of the pools 42 properties by 3/31/25. Those lease rejections represented 45% of the Loans ALA. The Borrower contacted the Master Servicer in March and self- reported the default. Fortunately, al l of the 2023 underwriting appraisals have go dark values that allow the Trust to quantify the potential diminution of value associated with the subject buildings going dark. The go dark values indicate a drop $178.1MM, which results in a Lo an LTV of only 48.68%. The Borrower has entered into a 6-mos. forbearance, which requires the Loan remains current, while the Borrower works to get below the 40% level."
6/11/2025 - Borrower remains non-compliant with cash management and reporting requirements. Lender is evaluating litigation process.
* The tagged date represents the date of the Edgar sec.gov filing.
* For full disclosures, please visit our disclosures page.
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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.
CREFC IRP standardized datasets
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