← Benchmark 2026-V23 Mortgage Trust · Loan annex · CMBS market
- Deal
- Benchmark 2026-V23 Mortgage Trust
- Current balance
- $35.0M (September 2026)
- Share of deal
- 5.0%
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2031-07-06
Property and terms
| Property | 406 Remsen Avenue |
| Address | 406 Remsen Avenue; Brooklyn, NY 11212 |
| Property type | Multifamily |
| Units, beds or keys | 103 |
| Net rentable square feet | not yet reported |
| Year built | 2026 |
| Year last renovated | not yet reported |
| Original balance | $35.0M |
| Current balance | $35.0M (September 2026) |
| Share of deal balance | 5.0% |
| Interest rate at origination | 6.33% |
| Current interest rate | 6.33% |
| Origination date | 06-26-2026 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2031-07-06 |
| Prepayment lockout end | 01-05-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | Citi Real Estate Funding Inc. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $55.6M | 01-01-2027 | MAI |
| Most recent reported | $55.6M | 2027-01-01 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| August 2026 | $35.0M | Current | 6.33% | 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 | $35.0M | Current | 6.33% | 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.