← Benchmark 2026-V23 Mortgage Trust · Loan annex · CMBS market
- Deal
- Benchmark 2026-V23 Mortgage Trust
- Current balance
- $50.0M (September 2026)
- Share of deal
- 7.2%
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2031-09-06
Property and terms
| Property | Old Edwards Portfolio (and 6 more properties) |
| Address | 445 & 594 Main Street 11 and 28 W. Church Street; 931 & 1016 Reserve Boulevard 106 N Lake Drive; 688 Highlands Cove Drive 2711 Norton Road & 11 Woodford Way; 200 Main Street; 355 Oneta Street; 214 Half Mile Drive; 73 Wild Turkey Road; Highlands, NC (and 6 more) 28741 |
| Property type | Multiple property types |
| Units, beds or keys | ["84", "69", "50", "26"] |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | ["2024", "2026", "2023", "2017", "2017", "2020"] |
| Original balance | $50.0M |
| Current balance | $50.0M (September 2026) |
| Share of deal balance | 7.2% |
| Interest rate at origination | 7.09% |
| Current interest rate | 7.09% |
| Origination date | 08-07-2026 |
| Original term | 61 months |
| Amortization term | not yet reported |
| Interest-only period | 61 months |
| Scheduled maturity | 2031-09-06 |
| Prepayment lockout end | 06-05-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | German American Capital Corporation |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $277.0M | 05-27-2026 | not yet reported |
| Most recent reported | not yet reported | not yet reported | ["MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI"] |
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| August 2026 | $50.0M | Matured balloon, performing | 7.09% | 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 2026 | $50.0M | Current | 7.09% | 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: BBCMS Mortgage Trust 2026-5C43.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.