Multifamily portfolio, 2 properties · Austin, Texas
Starburst Apartments
Public CMBS trusts hold $110.0M of the loan on this portfolio at 7.37% that reaches maturity on May 6, 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 90+ days delinquent.
The loan
- Balance in tracked trusts
- $110,000,000
- Original balance (same notes)
- $110,000,000
- Interest rate
- 7.37% fixed
- Originated
- April 21, 2023
- Maturity
- May 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 5, 2028
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred May 7, 2025
- Workout strategy
- Other
- Defeasance
- None reported
The property
- Address
- 8800 North Interstate Highway 35, Austin, TX 78753
- Metro
- Austin-Round Rock-San Marcos, TX
- Value at securitization
- $187.0M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $10.2M | n/a |
Watch flags
Computed from the Benchmark 2023-V3 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 all 12 monthly reports we hold (October 2025 to September 2026).
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 |
|---|---|---|---|---|
| Starburst Apartments | Austin, TX | Multifamily | n/a | n/a |
| Orbit Apartments | Austin, TX | Multifamily | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $110.0M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $110.0M | 90+ days delinquent | Yes | n/a | n/a |
| July 2026 | $110.0M | 90+ days delinquent | Yes | n/a | n/a |
| June 2026 | $110.0M | 90+ days delinquent | Yes | n/a | n/a |
| May 2026 | $110.0M | 90+ days delinquent | Yes | n/a | n/a |
| April 2026 | $110.0M | 90+ days delinquent | Yes | n/a | n/a |
| March 2026 | $110.0M | 90+ days delinquent | Yes | n/a | n/a |
| February 2026 | $110.0M | 90+ days delinquent | Yes | n/a | n/a |
| January 2026 | $110.0M | 90+ days delinquent | Yes | n/a | n/a |
| December 2025 | $110.0M | 90+ days delinquent | Yes | n/a | n/a |
| November 2025 | $110.0M | 90+ days delinquent | Yes | n/a | n/a |
| October 2025 | $110.0M | 90+ days delinquent | Yes | 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 May 7, 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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2023-V2 Mortgage Trust | 2 | $75,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| Benchmark 2023-V3 Mortgage Trust | 10 | $35,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Austin-Round Rock-San Marcos loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 13785 Research Boulevard | Austin, TX | Office | $65.0M | 5.215% | Mar 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 801 Barton Springs | Austin, TX | Office | $34.5M | 4.015% | May 2028 | 0.55x | 100% | Current |
| Staybridge Suites - Austin Airport | Austin, TX | Hotel | $10.5M | 8.12% | Nov 2028 | n/a | n/a | With the special servicer |
| Homewood Suites San Marcos | San Marcos, TX | Hotel | $10.0M | 6.83% | Dec 2028 | 1.71x | 72% | Current |
| Staybridge Suites Austin | Austin, TX | Hotel | $10.0M | 5.17% | Jul 2028 | n/a | n/a | Current |
| The Yard | Austin, TX | Industrial | $9.9M | 4.17% | Feb 2028 | n/a | n/a | Current |
| South Brook Town Center | Austin, TX | Retail | $6.9M | 5.058% | Oct 2028 | 1.64x | 100% | Late, less than 30 days |
| Norwood Park | Austin, TX | Retail | $5.5M | 5.19% | May 2028 | 1.74x | 88% | Current |
All loans maturing in 2028 · All Austin-Round Rock-San Marcos 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.