Multifamily · Jacksonville, Florida
Westcreek II
Westcreek II is financed with a $6.0M CMBS loan at 7.86% that reaches maturity on August 6, 2033, in 6 years and 9 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
- $5,956,602
- Original balance (same notes)
- $6,000,000
- Interest rate
- 7.86% fixed
- Originated
- August 11, 2023
- Maturity
- August 6, 2033
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- September 5, 2025
- Prepayment premium ends
- May 5, 2033 (yield maintenance)
- Originator
- LMF Commercial, LLC
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred October 8, 2024
- Workout strategy
- Foreclosure
- Advancing
- The servicer has stopped advancing on this loan (non-recoverable)
- Defeasance
- Partly defeased
The property
- Address
- 5601 California Avenue, Jacksonville, FL 32244
- Metro
- Jacksonville, FL
- Rentable area
- 36,864 sq ft
- Units, rooms or beds
- 72
- Built
- 1987, renovated 2000
- Value at securitization
- $9.3M (Jul 2023)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.28x | n/a |
| Occupancy | 97% | n/a |
| Net operating income | $669K | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2023-C22 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Servicer stopped advancing
On the cmbs.news watch list in every report since August 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.
What the filing shows
- The most recent valuation in the filing is $3.9M (June 9, 2026), against $9.3M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.0M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $6.0M | 90+ days delinquent | Yes | n/a | n/a |
| July 2026 | $11.6M | Current | No | n/a | n/a |
| June 2026 | $6.0M | 90+ days delinquent | Yes | n/a | n/a |
| May 2026 | $6.0M | 90+ days delinquent | Yes | n/a | n/a |
| April 2026 | $6.0M | 90+ days delinquent | Yes | n/a | n/a |
| March 2026 | $6.0M | 90+ days delinquent | Yes | n/a | n/a |
| February 2026 | $6.0M | 90+ days delinquent | Yes | n/a | n/a |
| January 2026 | $6.0M | 90+ days delinquent | Yes | n/a | n/a |
| December 2025 | $6.0M | 90+ days delinquent | Yes | n/a | n/a |
| November 2025 | $6.0M | 90+ days delinquent | Yes | n/a | n/a |
| October 2025 | $6.0M | 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 October 8, 2024, 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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2023-C22 | 22 | $5,956,602 | Sep 2026 | SEC filing, September 29, 2026 |
Other Jacksonville loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Jacksonville Marriott | Jacksonville, FL | Hotel | $23.2M | 6.837% | Jun 2033 | 1.79x | 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.