← BBCMS Mortgage Trust 2023-C19 · Loan annex · CMBS market
- Deal
- BBCMS Mortgage Trust 2023-C19
- Current balance
- $7.6M (December 2025)
- Share of deal
- not yet reported
- Status
- 90+ days delinquent
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2033-02-06
Property and terms
| Property | 902 Spruce Street (and 4 more properties) |
| Address | 902 Spruce Street; 2027 Pine Street; 750-752 South Martin Street; 716 South Street; 716 South 2nd Street; Philadelphia, PA (and 4 more) 19107 |
| Property type | Multiple property types |
| Units, beds or keys | ["8", "6", "6", "0", "4"] |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | ["2022", "2022", "2022", "2023", "2022"] |
| Original balance | $7.6M |
| Current balance | $7.6M (December 2025) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 7.00% |
| Current interest rate | 7.00% |
| Origination date | 02-10-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-02-06 |
| Prepayment lockout end | 03-05-2025 |
| Yield maintenance end | 08-05-2032 |
| Servicer | KeyBank Real Estate Capital |
| Loan servicer | not yet reported |
| Originator | LMF Commercial, LLC |
| Current status | 90+ days delinquent |
| Specially serviced now | Yes |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $10.8M | 12-19-2022 | MAI |
| Most recent reported | not yet reported | not yet reported | ["MAI", "MAI", "MAI", "MAI", "MAI"] |
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| April 2023 | $7.6M | Current | 7.00% | 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 |
| May 2023 | $7.6M | not yet reported | 7.00% | 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 | $7.6M | not yet reported | 7.00% | 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 | $7.6M | not yet reported | 7.00% | 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 | $7.6M | not yet reported | 7.00% | 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 | $7.6M | not yet reported | 7.00% | 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 | $7.6M | 30-59 days delinquent | 7.00% | not yet reported | not yet reported | not yet reported | $89,839 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2023 | $7.6M | 30-59 days delinquent | 7.00% | not yet reported | not yet reported | not yet reported | $89,839 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2023 | $7.6M | 30-59 days delinquent | 7.00% | not yet reported | not yet reported | not yet reported | $89,839 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2024 | $7.6M | 30-59 days delinquent | 7.00% | not yet reported | not yet reported | not yet reported | $89,839 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2024 | $7.6M | 60-89 days delinquent | 7.00% | not yet reported | not yet reported | not yet reported | $135,494 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2024 | $7.6M | 90+ days delinquent | 7.00% | not yet reported | not yet reported | not yet reported | $178,204 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2024 | $7.6M | Matured balloon, non-performing | 7.00% | not yet reported | not yet reported | not yet reported | $45,656 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2024 | $7.6M | 30-59 days delinquent | 7.00% | not yet reported | not yet reported | not yet reported | $89,839 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2024 | $7.6M | 30-59 days delinquent | 7.00% | not yet reported | not yet reported | not yet reported | $89,839 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2024 | $7.6M | 60-89 days delinquent | 7.00% | not yet reported | not yet reported | not yet reported | $134,022 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2024 | $7.6M | Matured balloon, non-performing | 7.00% | not yet reported | not yet reported | not yet reported | $45,656 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2024 | $7.6M | 30-59 days delinquent | 7.00% | not yet reported | not yet reported | not yet reported | $91,311 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2024 | $7.6M | 60-89 days delinquent | 7.00% | not yet reported | not yet reported | not yet reported | $135,494 | 03-31-2024 | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2024 | $7.6M | 90+ days delinquent | 7.00% | not yet reported | not yet reported | not yet reported | $181,150 | 06-30-2024 | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2024 | $7.6M | 90+ days delinquent | 7.00% | not yet reported | not yet reported | not yet reported | $225,333 | 06-30-2024 | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2025 | $7.6M | 90+ days delinquent | 7.00% | not yet reported | not yet reported | not yet reported | $259,589 | 06-30-2024 | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2025 | $7.6M | 90+ days delinquent | 7.00% | not yet reported | not yet reported | not yet reported | $293,844 | 06-30-2024 | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2025 | $7.6M | 90+ days delinquent | 7.00% | not yet reported | not yet reported | not yet reported | $324,785 | 06-30-2024 | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2025 | $7.6M | 90+ days delinquent | 7.00% | not yet reported | not yet reported | not yet reported | $359,041 | 06-30-2024 | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2025 | $7.6M | 90+ days delinquent | 7.00% | not yet reported | not yet reported | not yet reported | $392,191 | 06-30-2024 | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2025 | $7.6M | 90+ days delinquent | 7.00% | not yet reported | not yet reported | not yet reported | $426,447 | 06-30-2024 | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2025 | $7.6M | 90+ days delinquent | 7.00% | not yet reported | not yet reported | not yet reported | $459,598 | 06-30-2024 | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2025 | $7.6M | 90+ days delinquent | 7.00% | not yet reported | not yet reported | not yet reported | $493,853 | 06-30-2024 | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2025 | $7.6M | 90+ days delinquent | 7.00% | not yet reported | not yet reported | not yet reported | $528,109 | 06-30-2024 | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2025 | $7.6M | 90+ days delinquent | 7.00% | not yet reported | not yet reported | not yet reported | $561,260 | 06-30-2024 | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2025 | $7.6M | 90+ days delinquent | 7.00% | not yet reported | not yet reported | not yet reported | $595,607 | 06-30-2024 | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2025 | $7.6M | 90+ days delinquent | 7.00% | not yet reported | not yet reported | not yet reported | $628,757 | 06-30-2024 | 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.
Status timeline
| Date | Event |
|---|---|
| October 2023 | First reported 30 or more days delinquent |
| 2024-02-05 | Transferred to the special servicer |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.