Benchmark 2023-V2 Mortgage Trust: loan annex
Page built October 19, 2026
Loan detail for Benchmark 2023-V2 Mortgage Trust.
Data as of loan data through September 2026; ratings as held in the dataset at 2026-10-01
← Benchmark 2023-V2 Mortgage Trust · CMBS market
Detail sections for the 9 loans of this deal that do not have a page of their own. Loans with a surveillance history, loans at or above the section's size threshold of $25.0M, and the largest loans in the deal have their own pages, linked from the loan table on the deal page. Every loan in the deal appears either here or on its own page.
PetSmart HQ
| Property | PetSmart HQ |
| Address | 19601 North 27th Avenue; Phoenix, AZ 85027 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 365,672 |
| Year built | 1997 |
| Year last renovated | 2008 |
| Original balance | $22.4M |
| Current balance | $22.4M (September 2026) |
| Share of deal balance | 2.8% |
| Interest rate at origination | 4.28% |
| Current interest rate | 4.28% |
| Origination date | 03-31-2021 |
| Original term | 84 months |
| Amortization term | not yet reported |
| Interest-only period | 84 months |
| Scheduled maturity | 2028-04-05 |
| Prepayment lockout end | 01-04-2028 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | 3650 Real Estate Investment Trust 2 LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $10.7M |
| Operating expenses | $4.0M |
| Net operating income | $6.7M |
| Net cash flow | $6.2M |
| DSCR (net cash flow) | 2.12 |
| DSCR (net operating income) | 2.28 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
909 North Michigan Avenue
| Property | 909 North Michigan Avenue |
| Address | 909 North Michigan Avenue; Chicago, IL 60611 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 5,666 |
| Year built | 1962 |
| Year last renovated | not yet reported |
| Original balance | $14.2M |
| Current balance | $14.2M (September 2026) |
| Share of deal balance | 1.8% |
| Interest rate at origination | 6.75% |
| Current interest rate | 6.75% |
| Origination date | 03-17-2023 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2028-04-06 |
| Prepayment lockout end | 12-05-2027 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | DBR Investments Co. Limited |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | not yet reported |
| Revenue | not yet reported |
| Operating expenses | not yet reported |
| Net operating income | not yet reported |
| Net cash flow | not yet reported |
| DSCR (net cash flow) | not yet reported |
| DSCR (net operating income) | not yet reported |
| Occupancy | not yet reported |
| Servicer advances outstanding | $0 |
325 Gold Street
| Property | 325 Gold Street |
| Address | 325 Gold Street; Brooklyn, NY 11201 |
| Property type | Mixed use |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 49,200 |
| Year built | 1920 |
| Year last renovated | 2016 |
| Original balance | $12.0M |
| Current balance | $12.0M (September 2026) |
| Share of deal balance | 1.5% |
| Interest rate at origination | 7.55% |
| Current interest rate | 7.55% |
| Origination date | 03-31-2023 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2028-04-06 |
| Prepayment lockout end | 08-05-2023 |
| Yield maintenance end | 11-05-2027 |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Citi Real Estate Funding Inc. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $2.5M |
| Operating expenses | $740,510 |
| Net operating income | $1.7M |
| Net cash flow | $1.6M |
| DSCR (net cash flow) | 1.78 |
| DSCR (net operating income) | 1.87 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
Meadowood Mall
| Property | Meadowood Mall |
| Address | 5001 Meadowood Mall Circle; Reno, NV 89502 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 456,841 |
| Year built | 1978 |
| Year last renovated | 2013 |
| Original balance | $12.5M |
| Current balance | $11.0M (September 2026) |
| Share of deal balance | 1.4% |
| Interest rate at origination | 3.93% |
| Current interest rate | 3.93% |
| Origination date | 11-05-2021 |
| Original term | 60 months |
| Amortization term | 300 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2026-12-01 |
| Prepayment lockout end | 05-31-2026 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | 3650 Real Estate Investment Trust 2 LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 03-31-2026 |
| Revenue | $22.0M |
| Operating expenses | $5.6M |
| Net operating income | $16.4M |
| Net cash flow | $15.5M |
| DSCR (net cash flow) | 3.65 |
| DSCR (net operating income) | 3.86 |
| Occupancy | 100% |
| Servicer advances outstanding | $0 |
Pepper Tree Apartments
| Property | Pepper Tree Apartments |
| Address | 4600 & 4630 Oakwood Drive; Odessa, TX 79761 |
| Property type | Multifamily |
| Units, beds or keys | 181 |
| Net rentable square feet | not yet reported |
| Year built | 1975 |
| Year last renovated | 2022 |
| Original balance | $10.9M |
| Current balance | $10.9M (September 2026) |
| Share of deal balance | 1.4% |
| Interest rate at origination | 7.03% |
| Current interest rate | 7.03% |
| Origination date | 04-21-2023 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2028-05-06 |
| Prepayment lockout end | 03-05-2028 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Citi Real Estate Funding Inc. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Change from securitization to the most recent reported valuation: 0.0%.
Latest financials
| Financial period end (latest) | not yet reported |
| Revenue | not yet reported |
| Operating expenses | not yet reported |
| Net operating income | not yet reported |
| Net cash flow | not yet reported |
| DSCR (net cash flow) | not yet reported |
| DSCR (net operating income) | not yet reported |
| Occupancy | not yet reported |
| Servicer advances outstanding | $0 |
Residence Inn Tudor Wharf Fee
| Property | Residence Inn Tudor Wharf Fee |
| Address | 34-44 Charles River Avenue; Boston, MA 2129 |
| Property type | Other (code 98) |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 67,170 |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $10.7M |
| Current balance | $10.7M (September 2026) |
| Share of deal balance | 1.3% |
| Interest rate at origination | 7.37% |
| Current interest rate | 7.37% |
| Origination date | 04-25-2023 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2028-05-06 |
| Prepayment lockout end | 01-05-2028 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Bank of Montreal |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Change from securitization to the most recent reported valuation: 0.0%.
Latest financials
| Financial period end (latest) | 06-30-2026 |
| Revenue | $800,000 |
| Operating expenses | not yet reported |
| Net operating income | $800,000 |
| Net cash flow | $800,000 |
| DSCR (net cash flow) | 1.00 |
| DSCR (net operating income) | 1.00 |
| Occupancy | not yet reported |
| Servicer advances outstanding | $0 |
Fairfield Inn & Suites - Locust Grove
| Property | Fairfield Inn & Suites - Locust Grove |
| Address | 690 Market Place Boulevard; Locust, GA 30248 |
| Property type | Lodging |
| Units, beds or keys | 76 |
| Net rentable square feet | not yet reported |
| Year built | 2018 |
| Year last renovated | not yet reported |
| Original balance | $8.2M |
| Current balance | $8.0M (September 2026) |
| Share of deal balance | 1.0% |
| Interest rate at origination | 7.80% |
| Current interest rate | 7.80% |
| Origination date | 03-10-2023 |
| Original term | 60 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2028-03-06 |
| Prepayment lockout end | 09-05-2027 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Barclays Capital Real Estate Inc. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Change from securitization to the most recent reported valuation: 0.0%.
Latest financials
| Financial period end (latest) | not yet reported |
| Revenue | not yet reported |
| Operating expenses | not yet reported |
| Net operating income | not yet reported |
| Net cash flow | not yet reported |
| DSCR (net cash flow) | not yet reported |
| DSCR (net operating income) | not yet reported |
| Occupancy | not yet reported |
| Servicer advances outstanding | $0 |
1201 Third Avenue
| Property | 1201 Third Avenue |
| Address | 1201 Third Avenue; Seattle, WA 98101 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 1,140,367 |
| Year built | 1988 |
| Year last renovated | not yet reported |
| Original balance | $8.0M |
| Current balance | $8.0M (September 2026) |
| Share of deal balance | 1.0% |
| Interest rate at origination | 5.58% |
| Current interest rate | 5.58% |
| Origination date | 02-10-2023 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2028-03-09 |
| Prepayment lockout end | 04-08-2025 |
| Yield maintenance end | 09-08-2027 |
| Servicer | Wells Fargo Bank |
| Loan servicer | not yet reported |
| Originator | JPMorgan Chase Bank, National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
The three largest tenants as reported in the latest asset-level record.
Latest financials
| Financial period end (latest) | 03-31-2026 |
| Revenue | $7.4M |
| Operating expenses | $4.4M |
| Net operating income | $3.0M |
| Net cash flow | $2.2M |
| DSCR (net cash flow) | 0.91 |
| DSCR (net operating income) | 1.28 |
| Occupancy | 48% |
| Servicer advances outstanding | $0 |
Holiday Inn Express Jackson
| Property | Holiday Inn Express Jackson |
| Address | 116 Hospitality Drive; Jackson, GA 30233 |
| Property type | Lodging |
| Units, beds or keys | 74 |
| Net rentable square feet | not yet reported |
| Year built | 2020 |
| Year last renovated | not yet reported |
| Original balance | $7.8M |
| Current balance | $7.5M (September 2026) |
| Share of deal balance | 0.9% |
| Interest rate at origination | 7.80% |
| Current interest rate | 7.80% |
| Origination date | 03-10-2023 |
| Original term | 60 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2028-03-06 |
| Prepayment lockout end | 09-05-2027 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Barclays Capital Real Estate Inc. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
Change from securitization to the most recent reported valuation: 0.0%.
Latest financials
| Financial period end (latest) | not yet reported |
| Revenue | not yet reported |
| Operating expenses | not yet reported |
| Net operating income | not yet reported |
| Net cash flow | not yet reported |
| DSCR (net cash flow) | not yet reported |
| DSCR (net operating income) | not yet reported |
| Occupancy | not yet reported |
| Servicer advances outstanding | $0 |