Office · Charlotte, North Carolina
Overlook at Ballantyne
Public CMBS trusts hold $94.0M of the loan on Overlook at Ballantyne at 7.387% that reaches maturity on June 6, 2028, in 19 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $94,000,000
- Original balance (same notes)
- $94,000,000
- Interest rate
- 7.387%
- Originated
- September 13, 2023
- Maturity
- June 6, 2028
- Payments
- Interest only for the full term
- Master servicer
- KeyBank Real Estate Capital
- Originator
- DBRI
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 13146 Ballantyne Corporate Place, Charlotte, NC 28277
- Metro
- Charlotte-Concord-Gastonia, NC-SC
- Rentable area
- 320,801 sq ft
- Built
- 2020
- Largest tenants
- Credit Karma; Endurance Services Limited; Amenity
- Value at securitization
- $150.7M (Jun 2023)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.49x |
| Occupancy | 93% | 99% |
| Net operating income | n/a | $10.5M |
| Debt yield | 11.1% |
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 BMO 2023-5C2 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
- Occupancy has risen from 93% when the loan was securitized to 99%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $94.0M | Current | No | 1.57x | 99% |
| August 2026 | $94.0M | Current | No | 1.57x | 99% |
| July 2026 | $94.0M | Current | No | 1.54x | 99% |
| June 2026 | $94.0M | Current | No | 1.54x | 99% |
| May 2026 | $94.0M | Current | No | 1.51x | 99% |
| April 2026 | $94.0M | Current | No | 1.39x | 99% |
| March 2026 | $94.0M | Late payment but less than 30 days delinquent | No | 1.39x | 99% |
| February 2026 | $94.0M | Late payment but less than 30 days delinquent | No | 1.39x | 99% |
| January 2026 | $94.0M | Current | No | 1.39x | 99% |
| December 2025 | $94.0M | Late payment but less than 30 days delinquent | No | 1.39x | 99% |
| November 2025 | $94.0M | Current | No | 1.39x | 99% |
| October 2025 | $94.0M | Late payment but less than 30 days delinquent | No | 1.39x | 99% |
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 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2023-V4 Mortgage Trust | 2 | $56,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| BBCMS Mortgage Trust 2023-5C23 | 11 | $23,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BMO 2023-5C2 Mortgage Trust | 20-A-4 | $15,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Charlotte-Concord-Gastonia loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Cambridge Corporate Center | Charlotte, NC | Office | $42.0M | 5.49% | Nov 2028 | 0.77x | 59% | With the special servicer and 30-59 days delinquent |
| Daimler Building | Fort Mill, SC | Office | $21.0M | 4.433% | Feb 2028 | n/a | n/a | Current |
| Christenbury Corners | Concord, NC | Retail | $17.0M | 5.04% | Jul 2028 | 1.03x | 80% | Current |
| Cross Creek Shopping Center, Indian Land | Indian Land, SC | Retail | $17.0M | 4.82% | Apr 2028 | 1.43x | 100% | Current |
| DoubleTree - Charlotte Airport | Charlotte, NC | Hotel | $16.4M | 5.40% | May 2028 | n/a | n/a | Current |
| Tower Place | Charlotte, NC | Retail | $13.9M | 4.79% | Aug 2028 | 2.64x | 98% | Current |
| Home2 Suites By Hilton Charlotte Airport | Charlotte, NC | Hotel | $11.9M | 4.996% | Jul 2028 | 1.60x | 78% | Current |
| Carolina Beverage Group Building | Mooresville, NC | Industrial | $11.1M | 5.03% | Nov 2028 | n/a | n/a | Current |
All loans maturing in 2028 · All Charlotte-Concord-Gastonia loans
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.