Retail portfolio, 99 properties · Gulf Shores, Alabama
Burger King #04324 - Gulf Shores, AL
Public CMBS trusts hold $43.9M of the loan on this portfolio 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
- $43,871,655
- Original balance (same notes)
- $53,000,000
- Interest rate
- 6.91% fixed
- Originated
- May 2, 2023
- Maturity
- May 6, 2033
- Payments
- Amortizing over 15 years
- Prepayment lockout ended
- July 5, 2025
- Prepayment premium ends
- November 5, 2032 (yield maintenance)
- Master servicer
- Midland
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently September 26, 2025
- Defeasance
- Partly defeased
The property
- Address
- 1501 Gulf Shores Pkwy, Gulf Shores, AL 36542
- Value at securitization
- $172.3M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 3 months) | n/a | $15.0M |
| Debt yield | 34.1% |
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 Benchmark 2023-B39 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Modified
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 |
|---|---|---|---|---|
| Burger King #04324 - Gulf Shores, AL | Gulf Shores, AL | Retail | n/a | n/a |
| Burger King #04581 - Foley, AL | Foley, AL | Retail | n/a | n/a |
| Burger King #02957 - Houma, LA | Houma, LA | Retail | n/a | n/a |
| Burger King #11942 - Gray, LA | Gray, LA | Retail | n/a | n/a |
| Burger King #03818 - Mobile, AL | Mobile, AL | Retail | n/a | n/a |
| Burger King #05255 - Prichard, AL | Mobile, AL | Retail | n/a | n/a |
| Burger King #12830 - Boutte, LA | Boutte, LA | Retail | n/a | n/a |
| Burger King #03156 - Saraland, AL | Saraland, AL | Retail | n/a | n/a |
| Burger King #11614 - Harvey, LA | Harvey, LA | Retail | n/a | n/a |
| Burger King #04130 - Vicksburg, MS | Vicksburg, MS | Retail | n/a | n/a |
| Burger King #09004 - Diamondhead, MS | Diamondhead, MS | Retail | n/a | n/a |
| Burger King #09708 - Natchez, MS | Natchez, MS | Retail | n/a | n/a |
| Burger King #09270 - Robertsdale, AL | Robertsdale, AL | Retail | n/a | n/a |
| Burger King #02643 - Gladstone, MO | Gladstone, MO | Retail | n/a | n/a |
| Burger King #01207 - West Monroe, LA | West Monroe, LA | Retail | n/a | n/a |
| Burger King #12007 - Denham Springs, LA | Denham Springs, LA | Retail | n/a | n/a |
| Burger King #06129 - Mobile, AL | Mobile, AL | Retail | n/a | n/a |
| Burger King #06788 - Zachary, LA | Zachary, LA | Retail | n/a | n/a |
| Burger King #10802 - Westwego, LA | Westwego, LA | Retail | n/a | n/a |
| Burger King #09788 - Walker, LA | Walker, LA | Retail | n/a | n/a |
| Burger King #09838 - Fairhope, AL | Fairhope, AL | Retail | n/a | n/a |
| Burger King #01198 - Mobile, AL | Mobile, AL | Retail | n/a | n/a |
| Burger King #10764 - Morgan City, LA | Morgan City, LA | Retail | n/a | n/a |
| Burger King #01465 - Laurel, MS | Laurel, MS | Retail | n/a | n/a |
| Burger King #07930 - Long Beach, MS | Long Beach, MS | Retail | n/a | n/a |
| Burger King #05029 - Pineville, LA | Pineville, LA | Retail | n/a | n/a |
| Burger King #12633 - Port Allen, LA | Port Allen, LA | Retail | n/a | n/a |
| Burger King #01437 - Monroe, LA | Monroe, LA | Retail | n/a | n/a |
| Burger King #01439 - Slidell, LA | Slidell, LA | Retail | n/a | n/a |
| Burger King #07467 - Ruston, LA | Ruston, LA | Retail | n/a | n/a |
| Burger King #12895 - Delhi, LA | Delhi, LA | Retail | n/a | n/a |
| Burger King #04914 - Pensacola, FL | Pensacola, FL | Retail | n/a | n/a |
| Burger King #01425 - New Iberia, LA | New Iberia, LA | Retail | n/a | n/a |
| Burger King #05035 - Tuscaloosa, AL | Tuscaloosa, AL | Retail | n/a | n/a |
| Burger King #06149 - New Iberia, LA | New Iberia, LA | Retail | n/a | n/a |
| Burger King #06676 - Jackson, MS | Jackson, MS | Retail | n/a | n/a |
| Burger King #06783 - Baton Rouge, LA | Baton Rouge, LA | Retail | n/a | n/a |
| Burger King #10763 - Hammond, LA | Hammond, LA | Retail | n/a | n/a |
| Burger King #01489 - Mobile, AL | Mobile, AL | Retail | n/a | n/a |
| Burger King #12661 - Baton Rouge, LA | Baton Rouge, LA | Retail | n/a | n/a |
| Burger King #10762 - Geismar, LA | Geismar, LA | Retail | n/a | n/a |
| Burger King #06906 - Warrensburg, MO | Warrensburg, MO | Retail | n/a | n/a |
| Burger King #09686 - Thomasville, AL | Thomasville, AL | Retail | n/a | n/a |
| Burger King #10572 - Eunice, LA | Eunice, LA | Retail | n/a | n/a |
| Burger King #12329 - Rayne, LA | Rayne, LA | Retail | n/a | n/a |
| Burger King #13080 - Slidell, LA | Slidell, LA | Retail | n/a | n/a |
| Burger King #02483 - Mobile, AL | Mobile, AL | Retail | n/a | n/a |
| Burger King #09026 - Laurel, MS | Laurel, MS | Retail | n/a | n/a |
| Burger King #11544 - Westlake, LA | Westlake, LA | Retail | n/a | n/a |
| Burger King #03623 - Covington, LA | Covington, LA | Retail | n/a | n/a |
| Burger King #11715 - Ville Platte, LA | Ville Platte, LA | Retail | n/a | n/a |
| Burger King #12313 - Roeland Park, KS | Roeland Park, KS | Retail | n/a | n/a |
| Burger King #06674 - Slidell, LA | Slidell, LA | Retail | n/a | n/a |
| Burger King #09692 - Greenwell Springs, LA | Greenwell Springs, LA | Retail | n/a | n/a |
| Burger King #01428 - Sulphur, LA | Sulphur, LA | Retail | n/a | n/a |
| Burger King #05981 - Meridian, MS | Meridian, MS | Retail | n/a | n/a |
| Burger King #08645 - Pace, FL | Pace, FL | Retail | n/a | n/a |
| Burger King #09213 - Pensacola, FL | Pensacola, FL | Retail | n/a | n/a |
| Burger King #03585 - Daphne, AL | Daphne, AL | Retail | n/a | n/a |
| Burger King #12322 - Oakdale, LA | Oakdale, LA | Retail | n/a | n/a |
| Burger King #04330 - Kansas City, MO | Kansas City, MO | Retail | n/a | n/a |
| Burger King #02831 - Olathe, KS | Olathe, KS | Retail | n/a | n/a |
| Burger King #06916 - Kenner, LA | Kenner, LA | Retail | n/a | n/a |
| Burger King #09115 - Meridian, MS | Meridian, MS | Retail | n/a | n/a |
| Burger King #11694 - DeQuincy, LA | Dequincy, LA | Retail | n/a | n/a |
| Burger King #00373 - Mobile, AL | Mobile, AL | Retail | n/a | n/a |
| Burger King #01617 - Lake Charles, LA | Lake Charles, LA | Retail | n/a | n/a |
| Burger King #01917 - Vidalia, LA | Vidalia, LA | Retail | n/a | n/a |
| Burger King #12264 - Mission, KS | Mission, KS | Retail | n/a | n/a |
| Burger King #09804 - Gonzales, LA | Gonzales, LA | Retail | n/a | n/a |
| Burger King #11095 - Tuscaloosa, AL | Tuscaloosa, AL | Retail | n/a | n/a |
| Burger King #09259 - Gulf Breeze, FL | Gulf Breeze, FL | Retail | n/a | n/a |
| Burger King #00144 - Baton Rouge, LA | Baton Rouge, LA | Retail | 100% | 2.60x |
| Burger King #06488 - Mobile, AL | Mobile, AL | Retail | n/a | n/a |
| Burger King #12597 - Lake Charles, LA | Lake Charles, LA | Retail | n/a | n/a |
| Burger King #00211 - Baton Rouge, LA | Baton Rouge, LA | Retail | n/a | n/a |
| Burger King #01337 - Metairie, LA | Metairie, LA | Retail | n/a | n/a |
| Burger King #04016 - Mobile, AL | Mobile, AL | Retail | n/a | n/a |
| Burger King #10607 - Houma, LA | Houma, LA | Retail | n/a | n/a |
| Burger King #10800 - Livingston, AL | Livingston, AL | Retail | n/a | n/a |
| Burger King #09958 - Grove Hill, AL | Grove Hill, AL | Retail | n/a | n/a |
| Burger King #12820 - Iowa, LA | Iowa, LA | Retail | n/a | n/a |
| Burger King #01149 - Baton Rouge, LA | Baton Rouge, LA | Retail | n/a | n/a |
| Burger King #06325 - Baton Rouge, LA | Baton Rouge, LA | Retail | n/a | n/a |
| Burger King #06048 - Tuscaloosa, AL | Tuscaloosa, AL | Retail | n/a | n/a |
| Burger King #11979 - Monroe, LA | Monroe, LA | Retail | n/a | n/a |
| Burger King #13081 - New Iberia, LA | New Iberia, LA | Retail | n/a | n/a |
| Burger King #03685 - Kansas City, MO | Kansas City, MO | Retail | n/a | n/a |
| Burger King #06105 - Northport, AL | Northport, AL | Retail | n/a | n/a |
| Burger King #12919 - Covington, LA | Covington, LA | Retail | n/a | n/a |
| Burger King #09853 - Franklin, LA | Franklin, LA | Retail | n/a | n/a |
| Burger King #12660 - Vinton, LA | Vinton, LA | Retail | n/a | n/a |
| Burger King #00360 - New Orleans, LA | New Orleans, LA | Retail | n/a | n/a |
| Burger King #12753 - Slidell, LA | Slidell, LA | Retail | n/a | n/a |
| Burger King #01315 - Alexandria, LA | Alexandria, LA | Retail | n/a | n/a |
| Burger King #12752 - Lafayette, LA | Lafayette, LA | Retail | n/a | n/a |
| Burger King #01537 - Lafayette, LA | Lafayette, LA | Retail | n/a | n/a |
| Burger King #11488 - Lafayette, LA | Lafayette, LA | Retail | n/a | n/a |
| Burger King #00501 - Lafayette, LA | Lafayette, LA | Retail | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $43.9M | Current | No | n/a | n/a |
| August 2026 | $44.1M | Current | No | n/a | n/a |
| July 2026 | $44.3M | Current | No | n/a | n/a |
| June 2026 | $44.5M | Current | No | n/a | n/a |
| May 2026 | $44.7M | Current | No | n/a | n/a |
| April 2026 | $44.9M | Current | No | n/a | n/a |
| March 2026 | $45.1M | Current | No | n/a | n/a |
| February 2026 | $45.4M | Current | No | n/a | n/a |
| January 2026 | $45.6M | Current | No | n/a | n/a |
| December 2025 | $45.8M | Current | No | n/a | n/a |
| November 2025 | $46.0M | Current | No | n/a | n/a |
| October 2025 | $46.2M | 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.
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 | 11 | $23,177,478 | Sep 2026 | SEC filing, October 2, 2026 |
| Benchmark 2023-B39 Mortgage Trust | 17 | $20,694,177 | 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.