Retail · Raleigh, North Carolina
Brier Creek Commons
Public CMBS trusts hold $82.2M of the loan on Brier Creek Commons at 6.91% that reaches maturity on May 6, 2033, in 6 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $82,164,578
- Original balance (same notes)
- $85,000,000
- Interest rate
- 6.91% fixed
- Originated
- April 20, 2023
- Maturity
- May 6, 2033
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- February 5, 2033
- Master servicer
- Midland
- Originator
- Zions Bancorporation, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 8011-8551 & 8811 Brier Creek Parkway and 10370 Lumley Road, Raleigh, NC 27617
- Metro
- Raleigh-Cary, NC
- Rentable area
- 519,277 sq ft
- Built
- 2001
- Largest tenants
- BJ's Warehouse Club #123; Dick's Sporting Goods #209; Ross Store #621
- Value at securitization
- $136.2M (Mar 2023)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.31x | 1.44x |
| Occupancy | 99% | 100% |
| Net operating income (annualized from 6 months) | $8.8M | $19.5M |
| Debt yield | 23.7% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the BMO 2023-C6 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Net operating income is 121% above the underwritten figure ($19.5M a year against $8.8M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.31x at securitization to 1.44x on the latest statements.
- The filing gives Sep 2031 as the lease end date for the largest tenant (BJ's Warehouse Club #123), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $82.2M | Current | No | 1.44x | 100% |
| August 2026 | $82.2M | Current | No | n/a | n/a |
| July 2026 | $82.3M | Current | No | n/a | n/a |
| June 2026 | $82.4M | Current | No | n/a | n/a |
| May 2026 | $82.5M | Current | No | n/a | n/a |
| April 2026 | $82.5M | Current | No | 1.41x | 100% |
| March 2026 | $82.6M | Current | No | 1.41x | 100% |
| February 2026 | $82.7M | Current | No | 1.41x | 100% |
| January 2026 | $82.8M | Current | No | 1.41x | 100% |
| December 2025 | $82.9M | Current | No | 1.41x | 100% |
| November 2025 | $82.9M | Current | No | 1.45x | 100% |
| October 2025 | $83.0M | Current | No | 1.45x | 100% |
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.
Where the loan sits
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BMO 2023-C5 Mortgage Trust | 1 | $62,831,736 | Sep 2026 | SEC filing, October 2, 2026 |
| BMO 2023-C6 Mortgage Trust | 13 | $19,332,842 | Sep 2026 | SEC filing, October 2, 2026 |
Other Raleigh-Cary loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 419 West River Road | Louisburg, NC | Industrial | $11.8M | 8.255% | Nov 2033 | 1.63x | 100% | Current |
| Fairfield Inn & Suites Wake Forest | Wake Forest, NC | Hotel | $10.0M | 6.922% | Apr 2033 | 1.83x | 72% | Current |
| Holiday Inn Express Smithfield | Smithfield, NC | Hotel | $7.3M | 7.032% | Apr 2033 | 1.35x | 54% | Current |
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.