← Barclays Commercial Mortgage Securities LLC (segment D02, CIK 1541480) · Loan annex · CMBS market
- Deal
- Barclays Commercial Mortgage Securities LLC (segment D02, CIK 1541480)
- Current balance
- $62.5M (October 2023)
- Share of deal
- 9.2%
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2033-06-01
Property and terms
| Property | Fashion Valley Mall |
| Address | 7007 Friars Road; San Diego, CA 92108 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 1,377,155 |
| Year built | 1969 |
| Year last renovated | 2023 |
| Original balance | $62.5M |
| Current balance | $62.5M (October 2023) |
| Share of deal balance | 9.2% |
| Interest rate at origination | 5.73% |
| Current interest rate | 5.73% |
| Origination date | 05-25-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-06-01 |
| Prepayment lockout end | 12-31-2032 |
| Yield maintenance end | not yet reported |
| Servicer | not yet reported |
| Loan servicer | not yet reported |
| Originator | Barclays Capital Real Estate Inc., Bank of Montreal |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $1.43B | 04-05-2023 | MAI |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Nordstrom | 220,486 | 12-31-2080 |
| Bloomingdale's | 201,502 | 01-31-2035 |
| Macy's | 196,120 | 01-31-2026 |
The three largest tenants as reported in the latest asset-level record.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| October 2023 | $62.5M | Current | 5.73% | 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 |
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.
Also filed in other trusts
Loans are sometimes split across trusts (pari passu), and each trust files the loan at its whole-loan amount. A loan with the same property name and origination date is filed in: Bank 2023-BNK46; BBCMS 2023-C20; BBCMS 2023-C20; BBCMS 2023-C20; BBCMS 2023-C20; BBCMS 2023-C20; BBCMS Mortgage Trust 2023-C21; Benchmark 2023-B39 Mortgage Trust; Benchmark 2023-B40 Mortgage Trust; BMO 2023-C6 Mortgage Trust.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.