← BBCMS Mortgage Trust 2023-C19 · Loan annex · CMBS market
- Deal
- BBCMS Mortgage Trust 2023-C19
- Current balance
- $65.0M (April 2023)
- Share of deal
- not yet reported
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2033-02-06
Property and terms
| Property | Pacific Design Center |
| Address | 8687 and 8661 Melrose Avenue and 700 North San Vicente Boulevard; West Hollywood, CA 90069 |
| Property type | Mixed use |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 1,053,217 |
| Year built | 1975 |
| Year last renovated | 2004 |
| Original balance | $65.0M |
| Current balance | $65.0M (April 2023) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 5.94% |
| Current interest rate | 5.94% |
| Origination date | 01-11-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-02-06 |
| Prepayment lockout end | 08-05-2032 |
| Yield maintenance end | not yet reported |
| Servicer | KeyBank National Association |
| Loan servicer | not yet reported |
| Originator | Goldman Sachs Bank USA |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $512.5M | 11-17-2022 | MAI |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Cedars Sinai Medical Center | 259,653 | 05-31-2030 |
| 8687 Melrose GreenTenant | 54,630 | 02-28-2034 |
| Pluto, Inc. | 35,850 | 11-30-2028 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| April 2023 | $65.0M | Current | 5.94% | 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: Benchmark 2023-B38 Mortgage Trust; Benchmark 2023-B39 Mortgage Trust; BMO 2023-C5 Mortgage Trust; MSWF Commercial Mortgage Trust 2023-1.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.