← BBCMS Mortgage Trust 2023-C22 · Loan annex · CMBS market
- Deal
- BBCMS Mortgage Trust 2023-C22
- Current balance
- $66.0M (September 2026)
- Share of deal
- 9.8%
- Status
- Matured balloon, non-performing
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2033-10-06
Property and terms
| Property | The Muse (and 1 more properties) |
| Address | 3035 West Pentagon Parkway; 1307 South Wilcrest Drive; Dallas, TX (and 1 more) 75233 |
| Property type | Multifamily |
| Units, beds or keys | ["804", "197"] |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | ["2018", "2020"] |
| Original balance | $66.0M |
| Current balance | $66.0M (September 2026) |
| Share of deal balance | 9.8% |
| Interest rate at origination | 7.36% |
| Current interest rate | 7.36% |
| Origination date | 10-04-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-10-06 |
| Prepayment lockout end | 07-05-2033 |
| Yield maintenance end | not yet reported |
| Servicer | not yet reported |
| Loan servicer | not yet reported |
| Originator | Argentic Real Estate Finance 2 LLC, Barclays Capital Real Estate Inc. |
| Current status | Matured balloon, non-performing |
| Specially serviced now | Yes |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $127.4M | 10-01-2023 | MAI |
| Most recent reported | $1.43B | 2023-04-05 | MAI |
Change from securitization to the most recent reported valuation: 1022.4%.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| November 2023 | $66.0M | Current | 7.36% | 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 | $66.0M | Current | 7.36% | 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 |
| January 2024 | $66.0M | Current | 7.36% | 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 | $66.0M | Current | 7.36% | 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 | $66.0M | Matured balloon, non-performing | 7.36% | not yet reported | not yet reported | not yet reported | $391,386 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2024 | $66.0M | Current | 7.36% | 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 | $66.0M | Current | 7.36% | 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 | $66.0M | Current | 7.36% | 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 2024 | $66.0M | Current | 7.36% | 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 | $66.0M | Current | 7.36% | 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 | $66.0M | Current | 7.36% | not yet reported | not yet reported | not yet reported | $0 | ["06-30-2024", "06-30-2024"] | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2024 | $66.0M | Current | 7.36% | not yet reported | not yet reported | not yet reported | $0 | ["06-30-2024", "06-30-2024"] | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2024 | $66.0M | Current | 7.36% | not yet reported | not yet reported | not yet reported | $0 | ["06-30-2024", "06-30-2024"] | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2024 | $66.0M | Current | 7.36% | not yet reported | not yet reported | not yet reported | $0 | ["06-30-2024", "06-30-2024"] | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2025 | $66.0M | Current | 7.36% | not yet reported | not yet reported | not yet reported | $0 | ["09-30-2024", "09-30-2024"] | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2025 | $66.0M | Current | 7.36% | not yet reported | not yet reported | not yet reported | $0 | ["09-30-2024", "09-30-2024"] | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2025 | $66.0M | Matured balloon, non-performing | 7.36% | not yet reported | not yet reported | not yet reported | $377,890 | ["09-30-2024", "09-30-2024"] | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2025 | $66.0M | Current | 7.36% | not yet reported | not yet reported | not yet reported | $0 | ["09-30-2024", "09-30-2024"] | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2025 | $66.0M | Current | 7.36% | 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 | $66.0M | Current | 7.36% | 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 | $66.0M | Matured balloon, non-performing | 7.36% | not yet reported | not yet reported | not yet reported | $404,882 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2025 | $66.0M | Matured balloon, non-performing | 7.36% | not yet reported | not yet reported | not yet reported | $418,379 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2025 | $66.0M | Matured balloon, non-performing | 7.36% | not yet reported | not yet reported | not yet reported | $418,379 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2025 | $66.0M | 30-59 days delinquent | 7.36% | not yet reported | not yet reported | not yet reported | $823,261 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2025 | $66.0M | Matured balloon, non-performing | 7.36% | not yet reported | not yet reported | not yet reported | $418,379 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2025 | $66.0M | 30-59 days delinquent | 7.36% | not yet reported | not yet reported | not yet reported | $823,261 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2026 | $66.0M | 60-89 days delinquent | 7.36% | not yet reported | not yet reported | not yet reported | $1.2M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2026 | $66.0M | 60-89 days delinquent | 7.36% | not yet reported | not yet reported | 83% | $1.2M | ["12-31-2025", "09-30-2025"] | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2026 | $66.0M | Matured balloon, non-performing | 7.36% | 1.51 | 1.55 | not yet reported | $377,890 | 12-31-2025 | $12.4M | $5.1M | $7.3M | $7.1M |
| April 2026 | $66.0M | Matured balloon, non-performing | 7.36% | 1.51 | 1.55 | not yet reported | $418,379 | 12-31-2025 | $12.4M | $5.1M | $7.3M | $7.1M |
| May 2026 | $66.0M | Current | 7.36% | 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 | $66.0M | Matured balloon, non-performing | 7.36% | not yet reported | not yet reported | not yet reported | $418,379 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2026 | $62.5M | Current | 5.73% | 3.65 | 3.72 | 99% | $0 | 03-31-2026 | $120.6M | $23.5M | $97.1M | $95.4M |
| August 2026 | $66.0M | Matured balloon, non-performing | 7.36% | not yet reported | not yet reported | not yet reported | $418,379 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2026 | $66.0M | Matured balloon, non-performing | 7.36% | not yet reported | not yet reported | not yet reported | $418,379 | 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.
Status timeline
| Date | Event |
|---|---|
| 2025-09-26 | Transferred to the special servicer |
| October 2025 | First reported 30 or more days delinquent |
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 2024-C24.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.