← BBCMS Mortgage Trust 2023-C19 · Loan annex · CMBS market
- Deal
- BBCMS Mortgage Trust 2023-C19
- Current balance
- $5.9M (September 2025)
- Share of deal
- not yet reported
- Status
- 90+ days delinquent
- DSCR (latest)
- 1.25
- Occupancy (latest)
- 100%
- Scheduled maturity
- 2033-02-06
Property and terms
| Property | 566 7th Street |
| Address | 566 7th Street; Brooklyn, NY 11215 |
| Property type | Multifamily |
| Units, beds or keys | 15 |
| Net rentable square feet | not yet reported |
| Year built | 1931 |
| Year last renovated | 2022 |
| Original balance | $5.9M |
| Current balance | $5.9M (September 2025) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 6.85% |
| Current interest rate | 6.85% |
| 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 | $8.2M | 12-20-2022 | MAI |
| Most recent reported | $8.2M | 2022-12-20 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| April 2023 | $5.9M | Current | 6.85% | 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 | $5.9M | not yet reported | 6.85% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| June 2023 | $5.9M | not yet reported | 6.85% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| July 2023 | $5.9M | not yet reported | 6.85% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| August 2023 | $5.9M | not yet reported | 6.85% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| September 2023 | $5.9M | not yet reported | 6.85% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| October 2023 | $5.9M | not yet reported | 6.85% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| November 2023 | $5.9M | 30-59 days delinquent | 6.85% | 1.47 | 1.47 | 100% | $68,428 | 09-30-2023 | $197,141 | $46,811 | $150,330 | $149,674 |
| December 2023 | $5.9M | 30-59 days delinquent | 6.85% | 1.47 | 1.47 | 100% | $68,428 | 09-30-2023 | $197,141 | $46,811 | $150,330 | $149,674 |
| January 2024 | $5.9M | 30-59 days delinquent | 6.85% | 1.47 | 1.47 | 100% | $68,428 | 09-30-2023 | $197,141 | $46,811 | $150,330 | $149,674 |
| February 2024 | $5.9M | 60-89 days delinquent | 6.85% | 1.47 | 1.47 | 100% | $103,202 | 09-30-2023 | $197,141 | $46,811 | $150,330 | $149,674 |
| March 2024 | $5.9M | 90+ days delinquent | 6.85% | 1.47 | 1.47 | 100% | $135,733 | 09-30-2023 | $197,141 | $46,811 | $150,330 | $149,674 |
| April 2024 | $5.9M | Matured balloon, non-performing | 6.85% | 1.47 | 1.47 | 100% | $34,775 | 09-30-2023 | $197,141 | $46,811 | $150,330 | $149,674 |
| May 2024 | $5.9M | 30-59 days delinquent | 6.85% | 1.47 | 1.47 | 100% | $68,428 | 09-30-2023 | $197,141 | $46,811 | $150,330 | $149,674 |
| June 2024 | $5.9M | 30-59 days delinquent | 6.85% | 1.47 | 1.47 | 100% | $68,428 | 09-30-2023 | $197,141 | $46,811 | $150,330 | $149,674 |
| July 2024 | $5.9M | 60-89 days delinquent | 6.85% | 1.47 | 1.47 | 100% | $102,081 | 09-30-2023 | $197,141 | $46,811 | $150,330 | $149,674 |
| August 2024 | $5.9M | Matured balloon, non-performing | 6.85% | 1.47 | 1.47 | 100% | $34,775 | 09-30-2023 | $197,141 | $46,811 | $150,330 | $149,674 |
| September 2024 | $5.9M | 30-59 days delinquent | 6.85% | 1.47 | 1.47 | 100% | $69,549 | 09-30-2023 | $197,141 | $46,811 | $150,330 | $149,674 |
| October 2024 | $5.9M | 60-89 days delinquent | 6.85% | 1.47 | 1.47 | 100% | $103,202 | 09-30-2023 | $197,141 | $46,811 | $150,330 | $149,674 |
| November 2024 | $5.9M | 90+ days delinquent | 6.85% | 1.25 | 1.26 | 100% | $137,977 | 06-30-2024 | $736,027 | $217,903 | $518,124 | $515,499 |
| December 2024 | $5.9M | 90+ days delinquent | 6.85% | 1.25 | 1.26 | 100% | $171,630 | 06-30-2024 | $736,027 | $217,903 | $518,124 | $515,499 |
| January 2025 | $5.9M | 90+ days delinquent | 6.85% | 1.25 | 1.26 | 100% | $197,722 | 06-30-2024 | $736,027 | $217,903 | $518,124 | $515,499 |
| February 2025 | $5.9M | 90+ days delinquent | 6.85% | 1.25 | 1.26 | 100% | $223,814 | 06-30-2024 | $736,027 | $217,903 | $518,124 | $515,499 |
| March 2025 | $5.9M | 90+ days delinquent | 6.85% | 1.25 | 1.26 | 100% | $247,380 | 06-30-2024 | $736,027 | $217,903 | $518,124 | $515,499 |
| April 2025 | $5.9M | 90+ days delinquent | 6.85% | 1.25 | 1.26 | 100% | $273,472 | 06-30-2024 | $736,027 | $217,903 | $518,124 | $515,499 |
| May 2025 | $5.9M | 90+ days delinquent | 6.85% | 1.25 | 1.26 | 100% | $298,722 | 06-30-2024 | $736,027 | $217,903 | $518,124 | $515,499 |
| June 2025 | $5.9M | 90+ days delinquent | 6.85% | 1.25 | 1.26 | 100% | $324,814 | 06-30-2024 | $736,027 | $217,903 | $518,124 | $515,499 |
| July 2025 | $5.9M | 90+ days delinquent | 6.85% | 1.25 | 1.26 | 100% | $350,064 | 06-30-2024 | $736,027 | $217,903 | $518,124 | $515,499 |
| August 2025 | $5.9M | 90+ days delinquent | 6.85% | 1.25 | 1.26 | 100% | $376,156 | 06-30-2024 | $736,027 | $217,903 | $518,124 | $515,499 |
| September 2025 | $5.9M | 90+ days delinquent | 6.85% | 1.25 | 1.26 | 100% | $402,248 | 06-30-2024 | $736,027 | $217,903 | $518,124 | $515,499 |
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 |
|---|---|
| November 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.