← Benchmark 2026-V23 Mortgage Trust · Loan annex · CMBS market
- Deal
- Benchmark 2026-V23 Mortgage Trust
- Current balance
- $38.0M (September 2026)
- Share of deal
- 5.4%
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2031-07-06
Property and terms
| Property | Mesa Grand |
| Address | 1236 and 1240 East Baseline Road 1637 1639 1641 1655 1665 1733 & 1859 S Stapley Dr; Mesa, AZ 85204 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 214,845 |
| Year built | 1999 |
| Year last renovated | not yet reported |
| Original balance | $38.0M |
| Current balance | $38.0M (September 2026) |
| Share of deal balance | 5.4% |
| Interest rate at origination | 6.58% |
| Current interest rate | 6.58% |
| Origination date | 06-08-2026 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2031-07-06 |
| Prepayment lockout end | 07-05-2028 |
| Yield maintenance end | 01-05-2031 |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | Goldman Sachs Bank USA |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $61.2M | 12-31-2026 | MAI |
| Most recent reported | $61.2M | 2026-12-31 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Crunch Fitness | 33,948 | 11-01-2036 |
| PetSmart | 26,352 | 01-31-2035 |
| Burlington Coat Factory | 23,530 | 02-28-2032 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| August 2026 | $38.0M | Current | 6.58% | 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 | $38.0M | Current | 6.58% | 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.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.