BMO 2023-C5 - Charts and Resources
Data discoverability for CMBS deal BMO 2023-C5 updated as of 2025-07-30.
2025-07-30
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.CIK
1972920
Rating AgenciesS&P, Fitch, KBRA
Controlling ClassRREF IV-D AIV RR, LLC
Risk RetentionL-Shaped
TrusteeComputershare Trust Company, N.A.
Master ServicerMidland Loan Services
Operating AdvisorPark Bridge Lender Services
Special ServicerRialto Capital Advisors
Certificate AdministratorComputershare Trust Company, N.A.
DepositorBMO Commercial Mortgage Securities c/o BMO Capital
Deal Metrics
Key performance indicators and statistics tracking the deal's current status and history.Deal Overview
Original Trust Amount
$657,810,000Current Trust Amount
$652,175,572Number of Loans
34Number of Properties
199Average Loan Size
$19,347,353Portfolio Characteristics
Weighted Average Interest Rate
6.7%Weighted Average Term
109 monthsOriginal Valuation
$4,332,570,000Current Valuation
$4,331,020,000Key Dates
Origination Date
5/15/2023Latest Valuation
3/21/2025Latest Transfer
3/31/2025Latest Return
N/ALatest Modification
4/8/2024Special Servicing Status
Loans in Special Servicing
5Special Servicing Balance
$95,857,000Loans Returned to Master
0Balance Returned
N/AAvg Time in Special Servicing
266 daysAvg Time to Return
0 daysValuation Changes
Updated Valuations
7Total Updated Value
$14,100,000Value Change Amount
-$1,550,000Value Change Percentage
-70.2%Modifications
Number of Modifications
1Modified Balance
$22,595,000Deal 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.* 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.
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.💬 Servicer Commentary
2025-07-30
The Penleigh
Galen Drever
Prospectus ID: 16
7/11/2025 - 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 6/25/2025, Borrower and Special Servicer are working to finalize a Bring-Current to
💬 Servicer Commentary
2025-07-30
Portfolio (3 Multifamily properties)
Nishant Meraiya
Prospectus ID: 30
7/11/2025 - Borrower remains non-compliant with cash management and reporting requirements. Foreclosure complaint was filed on 6/5/25.
💬 Servicer Commentary
2025-07-30
Prospectus ID: 6A6
7/8/2025 - The Loan transferred to SS on 3/31/25 due to a potential default associated with properties with a total ALA representing over 40% of total $425MM ALA having been rejected in BK court. The subject Loan is a $425MM1st lien, fixed- rate, interest -only, mortgage loan. The $425MM 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 (GÇ£NNNGÇ¥) leases, consisted of 31 retail Properties, 7 industrial, and 4 office Properties located in 8 states. In 3Q24, the tenants in the 3 largest properties filed BK. The BKGÇÖs ultimately resulted in the rejection of leases on 9 of the pools 42 properties by 3/31/25. Tho se lease rejections represented 45% of the LoanGÇÖs ALA. The Borrower contacted the Master in 3/25 and self-reported. The 2023 UW appraisals have GÇ£go dark GÇ¥ 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 Loan 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 4 0% level. The Borrower GÇÖs marketing efforts for the 9 dark properties produced sale of the smallest dark property (ALA $250M) in June and Lender received net proceeds of
💬 Servicer Commentary
2025-07-30
Portfolio (4 Multifamily properties)
Mendel Steiner
Prospectus ID: 29
7/11/2025 - Borrower remains non-compliant with cash management and reporting requirements. Foreclosure complaint was filed on 6/4/25.
💬 Servicer Commentary
2025-07-30
Portfolio (3 Multifamily properties)
Mendel Steiner
Prospectus ID: 4
7/11/2025 - Borrower remains non-compliant with cash management and reporting requirements. Lender is evaluating litigation process.
* This list shows only a few of the most recent special servicing commentaries. We are continuously updating our coverage!
* The tagged date represents the date of the Edgar sec.gov filing.
* For full disclosures, please visit our disclosures page.
* The tagged date represents the date of the Edgar sec.gov filing.
* For full disclosures, please visit our disclosures page.
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CMBS Fund Holdings Dataset
Filing data from sec.gov NPORT-P to produce the Fund Holdings table.
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