← BANK5 2023-5YR1 · Loan annex · CMBS market
- Deal
- BANK5 2023-5YR1
- Current balance
- $46.1M (September 2026)
- Share of deal
- 5.6%
- Status
- 90+ days delinquent
- DSCR (latest)
- 1.73
- Occupancy (latest)
- 100%
- Scheduled maturity
- 2028-04-06
Property and terms
| Property | National Warehouse & Distribution Portfolio |
| Address | not yet reported |
| Property type | Industrial |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $100.0M |
| Current balance | $46.1M (September 2026) |
| Share of deal balance | 5.6% |
| Interest rate at origination | 6.81% |
| Current interest rate | 6.81% |
| Origination date | 03-10-2023 |
| Original term | 60 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2028-04-06 |
| Prepayment lockout end | 10-05-2027 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Citi Real Estate Funding Inc. |
| Current status | 90+ days delinquent |
| Specially serviced now | Yes |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $276.7M | not yet reported | not yet reported |
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| April 2023 | $100.0M | Current | 6.81% | not yet reported | not yet reported | 100% | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2023 | $50.0M | Current | 6.81% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2023 | $49.9M | Current | 6.81% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2023 | $49.9M | Current | 6.81% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2023 | $49.8M | Current | 6.81% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2023 | $49.8M | Current | 6.81% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2023 | $49.8M | Current | 6.81% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2023 | $49.7M | Current | 6.81% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2023 | $49.7M | Current | 6.81% | 1.64 | 1.75 | 100% | $0 | 09-30-2023 | $16.1M | $0 | $16.1M | $15.1M |
| January 2024 | $49.7M | Current | 6.81% | 1.64 | 1.75 | 100% | $0 | 09-30-2023 | $16.1M | $0 | $16.1M | $15.1M |
| February 2024 | $49.6M | Current | 6.81% | 1.64 | 1.75 | 100% | $0 | 09-30-2023 | $16.1M | $0 | $16.1M | $15.1M |
| March 2024 | $49.6M | Current | 6.81% | 1.64 | 1.75 | 100% | $0 | 09-30-2023 | $16.1M | $0 | $16.1M | $15.1M |
| April 2024 | $49.5M | Current | 6.81% | 1.58 | 1.69 | 100% | $0 | 12-31-2023 | $20.8M | $0 | $20.8M | $19.4M |
| May 2024 | $49.5M | Current | 6.81% | 1.58 | 1.69 | 100% | $0 | 12-31-2023 | $20.8M | $0 | $20.8M | $19.4M |
| June 2024 | $49.5M | Current | 6.81% | 1.69 | 1.80 | 100% | $0 | 03-31-2024 | $5.5M | $0 | $5.5M | $5.2M |
| July 2024 | $49.4M | Current | 6.81% | 1.69 | 1.80 | 100% | $0 | 03-31-2024 | $5.5M | $0 | $5.5M | $5.2M |
| August 2024 | $49.4M | Current | 6.81% | 1.69 | 1.80 | 100% | $0 | 03-31-2024 | $5.5M | $0 | $5.5M | $5.2M |
| September 2024 | $49.3M | Current | 6.81% | 1.69 | 1.80 | 100% | $0 | 03-31-2024 | $5.5M | $0 | $5.5M | $5.2M |
| October 2024 | $49.3M | Current | 6.81% | 1.69 | 1.80 | 100% | $0 | 06-30-2024 | $11.1M | $0 | $11.1M | $10.4M |
| November 2024 | $49.2M | Current | 6.81% | 1.69 | 1.80 | 100% | $0 | 06-30-2024 | $11.1M | $0 | $11.1M | $10.4M |
| December 2024 | $49.2M | Current | 6.81% | 1.69 | 1.80 | 100% | $0 | 09-30-2024 | $16.6M | $0 | $16.6M | $15.6M |
| January 2025 | $49.2M | Current | 6.81% | 1.69 | 1.80 | 100% | $0 | 09-30-2024 | $16.6M | $0 | $16.6M | $15.6M |
| February 2025 | $49.1M | Current | 6.81% | 1.69 | 1.80 | 100% | $0 | 09-30-2024 | $16.6M | $0 | $16.6M | $15.6M |
| March 2025 | $49.1M | Current | 6.81% | 1.69 | 1.80 | 100% | $0 | 09-30-2024 | $16.6M | $0 | $16.6M | $15.6M |
| April 2025 | $49.0M | Current | 6.81% | 1.69 | 1.80 | 100% | $0 | 09-30-2024 | $16.6M | $0 | $16.6M | $15.6M |
| May 2025 | $49.0M | Current | 6.81% | 1.69 | 1.80 | 100% | $0 | 12-31-2024 | $22.2M | $0 | $22.2M | $20.8M |
| June 2025 | $48.9M | Current | 6.81% | 1.69 | 1.80 | 100% | $0 | 12-31-2024 | $22.2M | $0 | $22.2M | $20.8M |
| July 2025 | $48.9M | Current | 6.81% | 1.73 | 1.85 | 100% | $0 | 03-31-2025 | $5.7M | $0 | $5.7M | $5.3M |
| August 2025 | $48.8M | Current | 6.81% | 1.73 | 1.85 | 100% | $0 | 03-31-2025 | $5.7M | $0 | $5.7M | $5.3M |
| September 2025 | $48.8M | Current | 6.81% | 1.73 | 1.85 | 100% | $0 | 03-31-2025 | $5.7M | $0 | $5.7M | $5.3M |
| October 2025 | $48.8M | Current | 6.81% | 1.73 | 1.85 | 100% | $0 | 06-30-2025 | $11.4M | $0 | $11.4M | $10.7M |
| November 2025 | $48.7M | Current | 6.81% | 1.73 | 1.85 | 100% | $0 | 06-30-2025 | $11.4M | $0 | $11.4M | $10.7M |
| December 2025 | $48.7M | Current | 6.81% | 1.73 | 1.85 | 100% | $0 | 06-30-2025 | $11.4M | $0 | $11.4M | $10.7M |
| January 2026 | $48.6M | Current | 6.81% | 1.73 | 1.85 | 100% | $0 | 09-30-2025 | $17.0M | $0 | $17.0M | $16.0M |
| February 2026 | $48.6M | Current | 6.81% | 1.73 | 1.85 | 100% | $0 | 09-30-2025 | $17.0M | $0 | $17.0M | $16.0M |
| March 2026 | $46.2M | Matured balloon, non-performing | 6.81% | 1.73 | 1.85 | 100% | $330,967 | 09-30-2025 | $17.0M | $0 | $17.0M | $16.0M |
| April 2026 | $46.2M | 30-59 days delinquent | 6.81% | 1.73 | 1.85 | 100% | $652,194 | 09-30-2025 | $17.0M | $0 | $17.0M | $16.0M |
| May 2026 | $46.2M | 30-59 days delinquent | 6.81% | 1.73 | 1.85 | 100% | $652,181 | 09-30-2025 | $17.0M | $0 | $17.0M | $16.0M |
| June 2026 | $46.2M | 60-89 days delinquent | 6.81% | 1.73 | 1.85 | 100% | $978,268 | 09-30-2025 | $17.0M | $0 | $17.0M | $16.0M |
| July 2026 | $46.2M | 90+ days delinquent | 6.81% | 1.73 | 1.85 | 100% | $1.3M | 09-30-2025 | $17.0M | $0 | $17.0M | $16.0M |
| August 2026 | $46.1M | 90+ days delinquent | 6.81% | 1.73 | 1.85 | 100% | $1.3M | 09-30-2025 | $17.0M | $0 | $17.0M | $16.0M |
| September 2026 | $46.1M | 90+ days delinquent | 6.81% | 1.73 | 1.85 | 100% | $1.6M | 09-30-2025 | $17.0M | $0 | $17.0M | $16.0M |
Revenue, expenses, net operating income (NOI) and net cash flow (NCF) are the most recent financials reported as of each month, for the financial period ending on the date shown. DSCR is debt service coverage on the net cash flow and net operating income bases as reported.
Status timeline
| Date | Event |
|---|---|
| 2026-02-20 | Transferred to the special servicer |
| April 2026 | First reported 30 or more days delinquent |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.