← BBCMS Mortgage Trust 2023-C21 · Loan annex · CMBS market
- Deal
- BBCMS Mortgage Trust 2023-C21
- Current balance
- $59.4M (September 2026)
- Share of deal
- 8.9%
- Status
- Current
- DSCR (latest)
- 6.71
- Occupancy (latest)
- 100%
- Scheduled maturity
- 2033-06-06
Property and terms
| Property | Belpre V Cancer Center - Belpre, OH (and 61 more properties) |
| Address | 807 Farson Street; 28595 Orchard Lake Road; 1600 State Street; 13657 West McDowell Road; 65 International Drive; 818 Forest Lane; 8545 Common Road; 500 West Main Street; 757 45th Street; 2631 Centennial Boulevard; 2712 Lawrenceville Highway; 900 East Division Street; 875 North Greenfield Road; 4282 East Rockton Road; 20095 Gilbert Road; 805 Sir Thomas Court; 850 Johns Hopkins Drive; 233 College Avenue; 2140 Fisher Road; 201 Kingwood Medical Drive; 1619 Creighton Road; 12600 Creekside Lane; 1120 Grove Road; 5400 Chambers Hill Road; 890 Rockwall Parkway; 271 Park Street; 1693 South Queen Street; 3775-3779 Trueman Court; 5 Palisades Drive; 21711 Greater Mack Avenue; 57850 Van Dyke Road; 1909 Southwest H K Dodgen Loop; 29296 US Highway 19 North; 13090 North 94th Drive; 2816 East 116th Street; 1800 South Douglas Boulevard; 37771 Schoenherr Road; 1444 Western Avenue; 301 Philip Boulevard; 9001 Broadway; 1550 State Street; 2 Palisades Drive; 235 East Brown Street; 605 East 4th Street; 1001 Service Road; 14320 Bruce B Downs Boulevard; 27343 Wesley Chapel Boulevard; 2890 Lineville Road; 55 Saint George Road; 3455 South Yarrow Street; 766 North King Street; 13602 North 46th Street; 14134 Nephron Lane; 4 Palisades Drive; 5825 Shoreview Lane North; 17417 Bridge Hill Court; 638 Tahoe Road; 15260 Amberly Drive; 2 New Hampshire Avenue; 11550 Ulmerton Road; 1750 Lily of the Valley Road; 1586 State Street; Belpre, OH (and 61 more) 45714 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | ["2006", "2009", "2012", "2018", "2022", "2021", "2021", "2018", "2022", "2009", "2022", "2008", "2005", "2009", "2012"] |
| Original balance | $65.0M |
| Current balance | $59.4M (September 2026) |
| Share of deal balance | 8.9% |
| Interest rate at origination | 6.45% |
| Current interest rate | 6.45% |
| Origination date | 05-24-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-06-06 |
| Prepayment lockout end | 07-05-2024 |
| Yield maintenance end | 12-05-2032 |
| Servicer | not yet reported |
| Loan servicer | not yet reported |
| Originator | Barclays Capital Real Estate Inc. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $455.0M | 03-24-2023 | MAI |
| Most recent reported | not yet reported | not yet reported | ["MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI"] |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Marietta Memorial Hospital | not yet reported | ["02-28-2038", "04-30-2028", "02-28-2035", "12-31-2027", "06-30-2028", "12-31-2032", "04-30-2028", "04-29-2032", "09-30-2027", "05-31-2030", "11-15-2030", "12-31-2032", "04-30-2030", "02-16-2029", "08-31-2027", "10-31-2027", "12-20-2034", "08-31-2031", "01-31-2032", "12-31-2024", "10-31-2033", "09-30-2029", "09-30-2033", "12-31-2028", "10-31-2030", "07-31-2029", "06-30-2029", "04-30-2027", "07-31-2027", "08-31-2036", "12-31-2031", "02-29-2028", "12-13-2029", "05-31-2026", "05-31-2027", "10-31-2026", "09-30-2029", "12-31-2027", "01-31-2030", "06-28-2027", "02-28-2035", "07-31-2028", "07-31-2032", "04-30-2033", "12-31-2032", "04-01-2030", "04-01-2030", "12-31-2032", "06-17-2027", "11-30-2031", "07-31-2029", "11-30-2031", "06-30-2027", "04-30-2032", "02-28-2035", "04-01-2030", "03-31-2028", "04-01-2030", "10-31-2028", "06-10-2027", "12-31-2032", "02-28-2035"] |
| Michigan Radiation Therapy Management | not yet reported | ["03-31-2028", "04-30-2030", "11-30-2029", "11-30-2027", "01-31-2026", "09-30-2033", "08-31-2028", "04-30-2031", "12-31-2027", "09-30-2029", "07-31-2033", "09-30-2029", "07-31-2029", "12-31-2029", "01-31-2034", "06-30-2030"] |
| Laboratory Corporate of America | not yet reported | ["02-28-2029", "09-30-2030", "10-31-2026", "02-28-2027", "08-31-2026", "04-30-2027", "01-31-2031", "12-31-2028", "02-29-2028", "09-30-2027", "12-31-2025", "10-31-2030"] |
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 | $65.0M | Current | 6.45% | 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 | $65.0M | Current | 6.45% | 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 | $65.0M | Matured balloon, non-performing | 6.45% | not yet reported | not yet reported | not yet reported | $26,877 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2024 | $65.0M | Current | 6.45% | 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 |
| February 2024 | $65.0M | Current | 6.45% | 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 |
| March 2024 | $65.0M | Current | 6.45% | 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 |
| April 2024 | $65.0M | Current | 6.45% | 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 2024 | $65.0M | Current | 6.45% | 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 2024 | $65.0M | Matured balloon, non-performing | 6.45% | not yet reported | not yet reported | not yet reported | $361,049 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2024 | $65.0M | Current | 6.45% | 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 2024 | $65.0M | Current | 6.45% | 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 2024 | $65.0M | Current | 6.45% | 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 2024 | $65.0M | Current | 6.45% | 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 2024 | $65.0M | Current | 6.45% | 6.51 | 6.93 | 100% | $0 | 06-30-2024 | $6.0M | $493,194 | $5.5M | $5.1M |
| December 2024 | $65.0M | Current | 6.45% | 6.51 | 6.93 | 100% | $0 | 06-30-2024 | $6.0M | $493,194 | $5.5M | $5.1M |
| January 2025 | $63.4M | Current | 6.45% | 6.51 | 6.93 | 100% | $0 | 06-30-2024 | $6.0M | $493,194 | $5.5M | $5.1M |
| February 2025 | $59.4M | Current | 6.45% | 6.51 | 6.93 | 100% | $0 | 06-30-2024 | $6.0M | $493,194 | $5.5M | $5.1M |
| March 2025 | $59.4M | Current | 6.45% | 6.51 | 6.93 | 100% | $0 | 06-30-2024 | $6.0M | $493,194 | $5.5M | $5.1M |
| April 2025 | $59.4M | Current | 6.45% | 6.51 | 6.93 | 100% | $0 | 06-30-2024 | $6.0M | $493,194 | $5.5M | $5.1M |
| May 2025 | $59.4M | Current | 6.45% | 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 2025 | $59.4M | Current | 6.45% | 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 2025 | $59.4M | Current | 6.45% | 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 2025 | $59.4M | Current | 6.45% | 6.61 | 7.01 | not yet reported | $0 | 03-31-2025 | $36.3M | $8.4M | $27.9M | $26.4M |
| September 2025 | $59.4M | Current | 6.45% | 6.61 | 7.01 | not yet reported | $0 | 03-31-2025 | $36.3M | $8.4M | $27.9M | $26.4M |
| October 2025 | $59.4M | Current | 6.45% | 6.44 | 6.85 | 100% | $0 | 06-30-2025 | $35.5M | $8.7M | $26.8M | $25.2M |
| November 2025 | $59.4M | Current | 6.45% | 6.44 | 6.85 | 100% | $0 | 06-30-2025 | $35.5M | $8.7M | $26.8M | $25.2M |
| December 2025 | $59.4M | Current | 6.45% | 6.44 | 6.85 | 100% | $0 | 06-30-2025 | $35.5M | $8.7M | $26.8M | $25.2M |
| January 2026 | $59.4M | Current | 6.45% | 9.03 | 9.65 | 100% | $0 | 09-30-2025 | $35.6M | $8.9M | $26.8M | $25.1M |
| February 2026 | $59.4M | Current | 6.45% | 9.03 | 9.65 | 100% | $0 | 09-30-2025 | $35.6M | $8.9M | $26.8M | $25.1M |
| March 2026 | $59.4M | Current | 6.45% | 9.03 | 9.65 | 100% | $0 | 09-30-2025 | $35.6M | $8.9M | $26.8M | $25.1M |
| April 2026 | $59.4M | Current | 6.45% | 6.60 | 7.06 | not yet reported | $0 | 12-31-2025 | $35.0M | $8.9M | $26.2M | $24.5M |
| May 2026 | $59.4M | Current | 6.45% | 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 2026 | $59.4M | Current | 6.45% | 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 2026 | $59.4M | Current | 6.45% | 6.71 | 7.15 | 100% | $0 | 03-31-2026 | $35.3M | $9.0M | $26.3M | $24.7M |
| August 2026 | $59.4M | Current | 6.45% | 6.71 | 7.15 | 100% | $0 | 03-31-2026 | $35.3M | $9.0M | $26.3M | $24.7M |
| September 2026 | $59.4M | Current | 6.45% | 6.71 | 7.15 | 100% | $0 | 03-31-2026 | $35.3M | $9.0M | $26.3M | $24.7M |
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: BBCMS Mortgage Trust 2023-C22; 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.