Industrial portfolio, 3 properties · Bowling Green, Kentucky
4813 Nashville Road
This portfolio is financed with a $33.1M CMBS loan at 6.685% that reaches maturity on May 5, 2028, in 18 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 60-89 days delinquent.
The loan
- Balance in tracked trusts
- $33,061,300
- Original balance (same notes)
- $33,061,300
- Interest rate
- 6.685% fixed
- Originated
- April 10, 2023
- Maturity
- May 5, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ended
- June 4, 2025
- Prepayment premium ends
- November 4, 2027 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- 3650 Real Estate Investment Trust 2 LLC
Status
- Payment status
- 60-89 days delinquent (code 2)
- Special servicing
- Transferred December 8, 2025
- Workout strategy
- Modification
- Defeasance
- None reported
The property
- Address
- 4813 Nashville Road, Bowling Green, KY 42101
- Value at securitization
- $70.1M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | n/a | n/a |
Watch flags
Computed from the Benchmark 2023-V2 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in every report since December 2025.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| 4813 Nashville Road | Bowling Green, KY | Warehouse | n/a | n/a |
| Project Commerce | Bowling Green, KY | Warehouse | n/a | n/a |
| 6740 Shady Oak Lane | Eden Prairie, MN | Industrial | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $33.1M | 60-89 days delinquent | Yes | n/a | n/a |
| August 2026 | $33.1M | 30-59 days delinquent | Yes | n/a | n/a |
| July 2026 | $33.1M | 30-59 days delinquent | Yes | n/a | n/a |
| June 2026 | $33.1M | 60-89 days delinquent | Yes | n/a | n/a |
| May 2026 | $33.1M | 90+ days delinquent | Yes | n/a | n/a |
| April 2026 | $33.1M | 60-89 days delinquent | Yes | n/a | n/a |
| March 2026 | $33.1M | 30-59 days delinquent | Yes | n/a | n/a |
| February 2026 | $33.1M | 30-59 days delinquent | Yes | n/a | n/a |
| January 2026 | $33.1M | Late payment but less than 30 days delinquent | Yes | n/a | n/a |
| December 2025 | $33.1M | Current | Yes | n/a | n/a |
| November 2025 | $33.1M | Current | No | n/a | n/a |
| October 2025 | $33.1M | Current | No | n/a | n/a |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Special-servicing history
- Transferred to the special servicer December 8, 2025, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2023-V2 Mortgage Trust | 12 | $33,061,300 | Sep 2026 | SEC filing, September 28, 2026 |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.