**UNITED STATESSECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 10-K**

(Mark One)

**x****  ANNUAL REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**For the fiscal year ended December 31, 2023or**

**o**** ****TRANSITIONREPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**For the transition period from _____ to _____Commission file number of the issuing entity: 333-257737-08**

**Central Index Key Number of the issuing entity:0001981769**

**BBCMS Mortgage Trust 2023-C20**

**(exact name of the issuing entity as specified in itscharter)**

** **

**Central Index Key Number of the depositor: 0001541480**

**Barclays Commercial MortgageSecurities LLC**

**(exact name of the depositor as specified in itscharter)**

** **

**Central Index Key Number of the sponsor: 0001549574**

**Barclays Capital Real Estate Inc.**

**(exact name of the sponsor as specified in its charter)**

** **

**Central Index Key Number of the sponsor: 0001102113**

**Bank of America, NationalAssociation**

**(exact name of the sponsor as specified in its charter)**

** **

**Central Index Key Number of the sponsor: 0001685185**

**UBS AG, acting through its branch locatedat 1285 Avenue of the Americas, New York, New York**

**(exact name of the sponsor as specified in its charter)**

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**Central Index Key Number of the sponsor: 0000927971**

**Bank of Montreal**

**(exact name of the sponsor as specified in its charter)**

** **

**Central Index Key Number of the sponsor: 0001755531**

**Societe Generale FinancialCorporation**

**(exact name of the sponsor as specified in its charter)**

** **

**Central Index Key Number of the sponsor: 0001548405**

**Starwood Mortgage Capital LLC**

**(exact name of the sponsor as specified in its charter)**

** **

**Central Index Key Number of the sponsor: 0001968416**

**Argentic Real Estate Finance 2 LLC**

**(exact name of the sponsor as specified in its charter)**

** **

**Central Index Key Number of the sponsor: 0001592182**

**LMF Commercial, LLC**

**(exact name of the sponsor as specified in its charter)**

** **

| **New York****(State or other jurisdiction of  incorporation or organization of**

**the issuing entity)** | **38-4258212**

**38-4258213**

**38-7292508**

**(I.R.S. Employer**

**Identification Numbers)** |
|------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------|

**c/o Computershare Trust Company, National Association**

**as Certificate Administrator**

**9062 Old Annapolis Road**

**Columbia, MD**

**(Address of principalexecutive offices of the issuing entity)**

**21045**

**(Zip Code)**

**Registrant’s telephone number,including area code:**

**(212) 412-4000**

Securities registered pursuant to Section 12(b) of the Act:

| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---------------------|-------------------|-------------------------------------------|
| None                |              |                                      |

 

 

Securities registered pursuant to Section 12(g) of theAct:  None.

Indicate by check mark if the registrant is a well-knownseasoned issuer, as defined in Rule 405 of the Securities Act.  o Yes ⌧No

Indicate by check mark if the registrant is not required tofile reports pursuant to Section 13 or Section 15(d) of the Act.  o Yes ⌧No

Indicate by check mark whether the registrant (1) has filedall reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter periodthat the registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days.  ⌧ Yes oNo

Indicate by check mark whether the registrant has submittedelectronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (Section 232.405 of this chapter) during thepreceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).

Not applicable.

Indicate by check mark whether the registrant is a largeaccelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “largeaccelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule 12b-2 of the Exchange Act.

Large acceleratedfiler        o                                                                                                       Accelerated filer                                     o

Non-acceleratedfiler          ⌧                                                                                                       Smaller reportingcompany                    o

                                                                                                                                                       Emerging growthcompany                    o

If an emerging growth company, indicate by check mark if theregistrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant toSection 13(a) of the Exchange Act.  o

Indicate by check mark whether the registrant has filed areport on and attestation to its management’s assessment of the effectivenessof its internal control over financial reporting under Section 404(b) of theSarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firmthat prepared or issued its audit report. o

If securities are registered pursuant to Section 12(b) of theAct, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issuedfinancial statements. o

Indicate by check mark whether any of those error correctionsare restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during therelevant recovery period pursuant to §240.10D-1(b). o

Indicate by check mark whether the registrant is a shellcompany (as defined in Rule 12b-2 of the Act).  o Yes ⌧ No

State the aggregate market value of the voting and non-votingcommon equity held by non-affiliates computed by reference to the price atwhich the common equity was last sold, or the average bid and asked price ofsuch common equity, as of the last business day of the registrant’s mostrecently completed second fiscal quarter.

Not applicable.

Indicate by check mark whether the registrant has filed alldocuments and reports required to be filed by Section 12, 13 or 15(d) of theSecurities Exchange Act of 1934 subsequent to the distribution of securitiesunder a plan confirmed by a court.  oYes oNo

Not applicable.

Indicate the number of shares outstanding of each of theregistrant’s classes of common stock, as of the latest practicable date.

Not applicable.

**DOCUMENTS INCORPORATED BY REFERENCE**

** **

List hereunder the following documents if incorporated by referenceand the Part of the Form 10-K (e.g., Part I, Part II, etc.) into which thedocument is incorporated: (1) Any annual report to security holders; (2) Anyproxy or information statement; and (3) Any prospectus filed pursuant to Rule424(b) or (c) under the Securities Act of 1933. The listed documents should beclearly described for identification purposes (e.g., annual report to securityholders for fiscal year ended December 24, 1980).

Not applicable.

 

** **

**EXPLANATORY NOTES**

The Healthcare Trust MOB Portfolio MortgageLoan, which constituted approximately 7.5% of the asset pool of the issuingentity as of its cut-off date, is an asset of the issuing entity and is part ofa loan combination that includes the Healthcare Trust MOB Portfolio MortgageLoan and eleven other *pari passu* loans, which are not assets of theissuing entity. This loan combination, including the Healthcare Trust MOBPortfolio Mortgage Loan, is being serviced and administered pursuant to thePooling and Servicing Agreement, which is incorporated by reference as Exhibit4.1 to this Annual Report on Form 10-K. 

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the Wyndham National Hotel Portfolio MortgageLoan, which constituted approximately 1.6% of the asset pool of the issuingentity as of its cut-off date.  The Wyndham National Hotel PortfolioMortgage Loan is an asset of the issuing entity and is part of a loancombination that includes the Wyndham National Hotel Portfolio Mortgage Loanand nine other *pari passu* loans, which are not assets of the issuingentity. A *pari passu* portion of the loan combination was securitized in theUBS Commercial Mortgage Trust 2019-C18 transaction, Commission File Number333-227784-05 (the “UBS 2019-C18 Transaction”). This loan combination,including the Wyndham National Hotel Portfolio Mortgage Loan, is being servicedand administered pursuant to the pooling and servicing agreement for the UBS2019-C18 Transaction, which is incorporated by reference as Exhibit 4.2 to thisAnnual Report on Form 10-K.

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the Great Lakes Crossing Outlets Mortgage Loan,which constituted approximately 6.0% of the asset pool of the issuing entity asof its cut-off date.  The Great Lakes Crossing Outlets Mortgage Loan is anasset of the issuing entity and is part of a loan combination that includes theGreat Lakes Crossing Outlets Mortgage Loan and eight other *pari passu*loans, which are not assets of the issuing entity. A *pari passu* portionof the loan combination was securitized in the Benchmark 2023-B38 MortgageTrust transaction, Commission File Number 333-260277-04 (the “Benchmark2023-B38 Transaction”). This loan combination, including the Great LakesCrossing Outlets Mortgage Loan, is being serviced and administered pursuant tothe pooling and servicing agreement for the Benchmark 2023-B38 Transaction,which is incorporated by reference as Exhibit 4.3 to this Annual Report on Form10-K.

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the Gloucester Premium Outlets Mortgage Loan andthe South Lake at Dulles Mortgage Loan, which constituted approximately 3.0%and 2.5%, respectively, of the asset pool of the issuing entity as of itscut-off date.  The Gloucester Premium Outlets Mortgage Loan and the SouthLake at Dulles Mortgage Loan are each an asset of the issuing entity and areeach part of a loan combination that includes (a) with respect to theGloucester Premium Outlets Mortgage Loan, two other *pari passu* loans,which are not assets of the issuing entity and (b) with respect to the SouthLake at Dulles Mortgage Loan, one other *pari passu* loan, which is not anasset of the issuing entity. A *pari passu* portion of each loancombination was securitized in the BBCMS Mortgage Trust 2023-C19 transaction,Commission File Number 333-257737-07 (the “BBCMS 2023-C19 Transaction”).These loan combinations, including the Gloucester Premium Outlets Mortgage Loanand the South Lake at Dulles Mortgage Loan, are being serviced and administeredpursuant to the pooling and servicing agreement for the BBCMS 2023-C19Transaction, which is incorporated by reference as Exhibit 4.4 to this AnnualReport on Form 10-K.

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the Barbours Cut IOS Mortgage Loan, whichconstituted approximately 1.9% of the asset pool of the issuing entity as ofits cut-off date.  The Barbours Cut IOS Mortgage Loan is an asset of theissuing entity and is part of a loan combination that includes the Barbours CutIOS Mortgage Loan and three other *pari passu* loans, which are not assetsof the issuing entity. A *pari passu* portion of the loan combination wassecuritized in the MSWF Commercial Mortgage Trust 2023-1 transaction,Commission File Number 333-259741-05 (the “MSWF 2023-1 Transaction”).This loan combination, including the Barbours Cut IOS Mortgage Loan, is beingserviced and administered pursuant to the pooling and servicing agreement forthe MSWF 2023-1 Transaction, which is incorporated by reference as Exhibit 4.5to this Annual Report on Form 10-K.

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the Cross Island Plaza Mortgage Loan, whichconstituted approximately 1.5% of the asset pool of the issuing entity as ofits cut-off date.  The Cross Island Plaza Mortgage Loan is an asset of theissuing entity and is part of a loan combination that includes the Cross IslandPlaza Mortgage Loan and one other *pari passu* loan, which is not an assetof the issuing entity. The other *pari passu* portion of the loancombination was securitized in the BMO 2023-C5 Mortgage Trust transaction,Commission File Number 333-255934-05 (the “BMO 2023-C5 Transaction”).This loan combination, including the Cross Island Plaza Mortgage Loan, is beingserviced and administered pursuant to the pooling and servicing agreement forthe BMO 2023-C5 Transaction, which is incorporated by reference as Exhibit 4.6to this Annual Report on Form 10-K.

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the Seagate Campus Mortgage Loan, whichconstituted approximately 3.9% of the asset pool of the issuing entity as ofits cut-off date.  The Seagate Campus Mortgage Loan is an asset of theissuing entity and is part of a loan combination that includes the SeagateCampus Mortgage Loan and five other *pari passu* loans, which are notassets of the issuing entity. This loan combination, including the SeagateCampus Mortgage Loan, was serviced under the Pooling and Servicing Agreementfor the issuing entity prior to the closing of the securitization of a *paripassu* portion of the Seagate Campus loan combination in the Benchmark2023-B39 Mortgage Trust transaction, Commission File Number 333-262701-04 (the“Benchmark 2023-B39 Transaction”).  After the closing of theBenchmark 2023-B39 Transaction on July 18, 2023, this loan combination,including the Seagate Campus Mortgage Loan was, and will continue to be,serviced and administered pursuant to the pooling and servicing agreement withrespect to the Benchmark 2023-B39 Transaction, which is incorporated by referenceas Exhibit 4.7 to this Annual Report on Form 10-K.

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the Oxmoor Center Mortgage Loan, whichconstituted approximately 2.7% of the asset pool of the issuing entity as ofits cut-off date.  The Oxmoor Center Mortgage Loan is an asset of theissuing entity and is part of a loan combination that includes the OxmoorCenter Mortgage Loan and three other *pari passu* loans, which are notassets of the issuing entity. This loan combination, including the OxmoorCenter Mortgage Loan, was serviced under the Pooling and Servicing Agreementfor the issuing entity prior to the closing of the securitization of a *paripassu* portion of the Oxmoor Center loan combination in the Benchmark2023-V3 Mortgage Trust transaction, Commission File Number 333-261764-02 (the “Benchmark2023-V3 Transaction”).  After the closing of the Benchmark 2023-V3Transaction on August 3, 2023, this loan combination, including the OxmoorCenter Mortgage Loan was, and will continue to be, serviced and administeredpursuant to the pooling and servicing agreement with respect to the Benchmark2023-V3 Transaction, which is incorporated by reference as Exhibit 4.8 to thisAnnual Report on Form 10-K.

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the One & Two Commerce Square Mortgage Loan,which constituted approximately 7.3% of the asset pool of the issuing entity asof its cut-off date.  The One & Two Commerce Square Mortgage Loan isan asset of the issuing entity and is part of a loan combination that includesthe One & Two Commerce Square Mortgage Loan and ten other *pari passu*loans, which are not assets of the issuing entity. This loan combination,including the One & Two Commerce Square Mortgage Loan, was serviced underthe Pooling and Servicing Agreement for the issuing entity prior to the closingof the securitization of a *pari passu* portion of the One & TwoCommerce Square loan combination in the BANK 2023-BNK46 transaction, CommissionFile Number 333-257991-07 (the “BANK 2023-BNK46 Transaction”). After the closing of the BANK 2023-BNK46 Transaction on August 10, 2023, thisloan combination, including the One & Two Commerce Square Mortgage Loanwas, and will continue to be, serviced and administered pursuant to the poolingand servicing agreement with respect to the BANK 2023-BNK46 Transaction, whichis incorporated by reference as Exhibit 4.9 to this Annual Report on Form 10-K.

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the 6330 West Loop South Mortgage Loan, whichconstituted approximately 1.8% of the asset pool of the issuing entity as ofits cut-off date.  The 6330 West Loop South Mortgage Loan is an asset ofthe issuing entity and is part of a loan combination that includes the 6330West Loop South Mortgage Loan and two other *pari passu* loans, which arenot assets of the issuing entity. This loan combination, including the 6330West Loop South Mortgage Loan, was serviced under the Pooling and ServicingAgreement for the issuing entity prior to the closing of the securitization ofa *pari passu* portion of the 6330 West Loop South loan combination in theBANK5 2023-5YR3 transaction, Commission File Number 333-261279-04 (the “BANK52023-5YR3 Transaction”).  After the closing of the BANK5 2023-5YR3Transaction on September 28, 2023, this loan combination, including the 6330West Loop South Mortgage Loan was, and will continue to be, serviced andadministered pursuant to the pooling and servicing agreement with respect tothe BANK5 2023-5YR3 Transaction, which is incorporated by reference as Exhibit 4.10to this Annual Report on Form 10-K.

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the Fashion Valley Mall Mortgage Loan, whichconstituted approximately 9.998% of the asset pool of the issuing entity as ofits cut-off date.  The Fashion Valley Mall Mortgage Loan is an asset ofthe issuing entity and is part of a loan combination that includes the FashionValley Mall Mortgage Loan and seventeen other *pari passu* loans, whichare not assets of the issuing entity. This loan combination, including theFashion Valley Mall Mortgage Loan, was serviced under the Pooling and ServicingAgreement for the issuing entity prior to the closing of the securitization ofa *pari passu* portion of the Fashion Valley Mall loan combination in theBenchmark 2023-B40 Mortgage Trust transaction, Commission File Number333-258342-03 (the “Benchmark 2023-B40 Transaction”).  After theclosing of the Benchmark 2023-B40 Transaction on December 21, 2023, this loancombination, including the Fashion Valley Mall Mortgage Loan was, and willcontinue to be, serviced and administered pursuant to the pooling and servicingagreement with respect to the Benchmark 2023-B40 Transaction, which isincorporated by reference as Exhibit 4.11 to this Annual Report on Form 10-K.

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the CX – 250 Water Street Mortgage Loan, whichconstituted approximately 9.1% of the asset pool of the issuing entity as ofits cut-off date.  The CX – 250 Water Street Mortgage Loan is an asset ofthe issuing entity and is part of a loan combination that includes the CX – 250Water Street Mortgage Loan and seventeen other *pari passu* loans, whichare not assets of the issuing entity. This loan combination, including the CX –250 Water Street Mortgage Loan, was serviced under the pooling and servicingagreement for the BANK 2023-BNK45 transaction prior to the closing of thesecuritization of a *pari passu* portion of the CX – 250 Water Street loancombination in the MSWF Commercial Mortgage Trust 2023-2 transaction,Commission File Number 333-257991-09 (the “MSWF 2023-2 Transaction”). After the closing of the MSWF 2023-2 Transaction on December 21, 2023, thisloan combination, including the CX – 250 Water Street Mortgage Loan was, andwill continue to be, serviced and administered pursuant to the pooling andservicing agreement with respect to the MSWF 2023-2 Transaction, which isincorporated by reference as Exhibit 4.12 to this Annual Report on Form 10-K.

The master servicer of a poolingand servicing agreement or trust and servicing agreement also functions as theprimary servicer of the related mortgage loans serviced and administeredpursuant to such agreement unless a separate primary servicer is identifiedherein.  If this report does not identify a separate primary servicer, theservicer compliance statement provided by the master servicer under any suchagreement also encompasses its responsibilities as primary servicer of therelated mortgage loan or mortgage loans.

KeyBank National Association isthe master servicer of the mortgage loans serviced under the Pooling andServicing Agreement, the special servicer of the Ashburn Data Center MortgageLoan and the primary servicer of the Gloucester Premium Outlets Mortgage Loanand the South Lake at Dulles Mortgage Loan. As a result, KeyBank NationalAssociation is a “servicer” as defined in Item 1108(a)(2)(iii) of RegulationAB, in the capacities described above, because it is servicing mortgage loansthat constituted 10% or more of the assets of the issuing entity as of itscut-off date. The assessments of compliance with applicable servicing criteria,accountants’ attestation reports and servicer compliance statements deliveredby KeyBank National Association in the capacities described above are listed inthe Exhibit Index.

Computershare Trust Company,National Association is the custodian of the mortgage loans serviced under thePooling and Servicing Agreement, the Fashion Valley Mall Mortgage Loan, the CX– 250 Water Street Mortgage Loan, the One & Two Commerce Square MortgageLoan, the Great Lakes Crossing Outlets Mortgage Loan, the Seagate CampusMortgage Loan, the Gloucester Premium Outlets Mortgage Loan, the Oxmoor CenterMortgage Loan, the South Lake at Dulles Mortgage Loan, the Barbours Cut IOSMortgage Loan, the 6330 West Loop South Mortgage Loan and the Cross IslandPlaza Mortgage Loan.  As a result, Computershare Trust Company, NationalAssociation is a servicing function participant in the capacities describedabove, because it is servicing mortgage loans that constituted 5% or more ofthe assets of the issuing entity as of its cut-off date. The assessments ofcompliance with applicable servicing criteria and accountants’ attestationreports delivered by Computershare Trust Company, National Association in thecapacities described above are listed in the Exhibit Index.

Park Bridge Lender Services LLC isthe operating advisor of the mortgage loans serviced under the Pooling andServicing Agreement, the One & Two Commerce Square Mortgage Loan, the GreatLakes Crossing Outlets Mortgage Loan, the Seagate Campus Mortgage Loan, theOxmoor Center Mortgage Loan, the Wyndham National Hotel Portfolio Mortgage Loanand the Cross Island Plaza Mortgage Loan.  As a result, Park Bridge LenderServices LLC is a servicing function participant in the capacities describedabove, because it is servicing mortgage loans that constituted 5% or more ofthe assets of the issuing entity as of its cut-off date. The assessments ofcompliance with applicable servicing criteria and accountants’ attestationreports delivered by Park Bridge Lender Services LLC in the capacitiesdescribed above are listed in the Exhibit Index.

Wells Fargo Bank, NationalAssociation is the primary servicer of the CX – 250 Water Street Mortgage Loan,the One & Two Commerce Square Mortgage Loan, the Barbours Cut IOS MortgageLoan, the 6330 West Loop South Mortgage Loan and the Wyndham National HotelPortfolio Mortgage Loan. As a result, Wells Fargo Bank, National Association isa “servicer” as defined in Item 1108(a)(2)(iii) of Regulation AB, in thecapacities described above, because it is servicing mortgage loans thatconstituted 10% or more of the assets of the issuing entity as of its cut-offdate. The assessments of compliance with applicable servicing criteria,accountants’ attestation reports and servicer compliance statements deliveredby Wells Fargo Bank, National Association in the capacities described above arelisted in the Exhibit Index.

Wells Fargo Bank, NationalAssociation is the custodian of the Wyndham National Hotel Portfolio MortgageLoan, which when combined with its other capacities described in the precedingparagraph, means that Wells Fargo Bank, National Association is a servicingfunction participant with respect to 5% or more of the assets of the issuingentity as of its cut-off date.  The assessment of compliance withapplicable servicing criteria and accountants' attestation report delivered byWells Fargo Bank, National Association in such capacity is listed in theExhibit Index.

Midland Loan Services, a Divisionof PNC Bank, National Association is the primary servicer of the Fashion ValleyMall Mortgage Loan, the Great Lakes Crossing Outlets Mortgage Loan, the SeagateCampus Mortgage Loan, the Oxmoor Center Mortgage Loan and the Cross IslandPlaza Mortgage Loan. As a result, Midland Loan Services, a Division of PNCBank, National Association is a “servicer” as defined in Item 1108(a)(2)(iii)of Regulation AB, in the capacities described above, because it is servicingmortgage loans that constituted 10% or more of the assets of the issuing entityas of its cut-off date. The assessments of compliance with applicable servicingcriteria, accountants’ attestation reports and servicer compliance statementsdelivered by Midland Loan Services, a Division of PNC Bank, NationalAssociation in the capacities described above are listed in the Exhibit Index.

LNR Partners, LLC is the specialservicer of the mortgage loans serviced under the Pooling and ServicingAgreement, the Fashion Valley Mall Mortgage Loan, the One & Two CommerceSquare Mortgage Loan and the Great Lakes Crossing Outlets Mortgage Loan. As aresult, LNR Partners, LLC is a “servicer” as defined in Item 1108(a)(2)(iii) ofRegulation AB, in the capacities described above, because it is servicingmortgage loans that constituted 10% or more of the assets of the issuing entityas of its cut-off date. The assessments of compliance with applicable servicingcriteria, accountants’ attestation reports and servicer compliance statementsdelivered by LNR Partners, LLC in the capacities described above are listed inthe Exhibit Index. 

K-Star Asset Management LLC is thespecial servicer of the South Lake at Dulles Mortgage Loan, the GloucesterPremium Outlets Mortgage Loan and the Seagate Campus Mortgage Loan.  Thesemortgage loans constitute more than 5%, but less than 10%, of the pool assetsof the issuing entity.  Therefore, the Depositor included in this AnnualReport on Form 10-K an assessment of compliance with applicable servicingcriteria for K-Star Asset Management LLC and an accountants’ attestation reportpursuant to Item 1122 of Regulation AB because K-Star Asset Management LLC isservicing more than 5% of the pool assets.  However, the Depositor is notrequired to include in this Annual Report on Form 10-K a servicer compliancestatement pursuant to Item 1123 of Regulation AB of K-Star Asset Management LLCbecause K-Star Asset Management LLC is an unaffiliated servicer servicing lessthan 10% of pool assets.

Pentalpha Surveillance LLC is theoperating advisor of the Fashion Valley Mall Mortgage Loan, the GloucesterPremium Outlets Mortgage Loan, the South Lake at Dulles Mortgage Loan, theBarbours Cut IOS Mortgage Loan and the 6330 West Loop South MortgageLoan.  As a result, Pentalpha Surveillance LLC is a servicing functionparticipant in the capacities described above, because it is servicing mortgageloans that constituted 5% or more of the assets of the issuing entity as of itscut-off date. The assessments of compliance with applicable servicing criteriaand accountants’ attestation reports delivered by Pentalpha Surveillance LLC inthe capacities described above are listed in the Exhibit Index.

Argentic Services Company LP isthe special servicer of the CX – 250 Water Street Mortgage Loan and theBarbours Cut IOS Mortgage Loan. As a result, Argentic Services Company LP is a“servicer” as defined in Item 1108(a)(2)(iii) of Regulation AB, in thecapacities described above, because it is servicing mortgage loans thatconstituted 10% or more of the assets of the issuing entity as of its cut-offdate. The assessments of compliance with applicable servicing criteria,accountants’ attestation reports and servicer compliance statements deliveredby Argentic Services Company LP in the capacities described above are listed inthe Exhibit Index.

Computershare Trust Company,National Association acts as trustee of the Healthcare Trust MOB PortfolioMortgage Loan, the Great Lakes Crossing Outlets Mortgage Loan, the GloucesterPremium Outlets Mortgage Loan, the South Lake at Dulles Mortgage Loan, theBarbours Cut IOS Mortgage Loan, the Cross Island Plaza Mortgage Loan, theSeagate Campus Mortgage Loan, the Oxmoor Center Mortgage Loan, the 6330 WestLoop South Mortgage Loan, the Fashion Valley Mall Mortgage Loan and the CX –250 Water Street Mortgage Loan.  Pursuant to the Pooling and ServicingAgreement, the pooling and servicing agreement for the Benchmark 2023-B38Transaction, the pooling and servicing agreement for the BBCMS 2023-C19Transaction, the pooling and servicing agreement for the MSWF 2023-1Transaction, the pooling and servicing agreement for the BMO 2023-C5Transaction, the pooling and servicing agreement for the Benchmark 2023-B39Transaction, the pooling and servicing agreement for the Benchmark 2023-V3 Transaction,the pooling and servicing agreement for the BANK5 2023-5YR3 Transaction, thepooling and servicing agreement for the Benchmark 2023-B40 Transaction and thepooling and servicing agreement for the MSWF 2023-2 Transaction, the trustee isrequired to provide an assessment of compliance with applicable servicingcriteria solely with respect to Item 1122(d)(2)(iii) of Regulation AB(regarding advances of funds or guarantees regarding collections, cash flows ordistributions, and any interest or other fees charged for such advances, aremade, reviewed and approved as specified in the transaction agreements).However, during the reporting period, the trustee did not perform any servicingfunction with respect to the servicing criteria specified in Item 1122(d)(2)(iii)of Regulation AB.  The master servicer or the special servicer, to theextent required, performed the servicing function identified with respect toItem 1122(d)(2)(iii) of Regulation AB, and each such party included Item1122(d)(2)(iii) of Regulation AB in the assessment of compliance withapplicable servicing criteria and accountant’s attestation report for thesubject transaction.  As a result, this Annual Report on Form 10-K doesnot include an assessment of compliance with applicable servicing criteria ofthe trustee. One or more other servicers of the Healthcare Trust MOB PortfolioMortgage Loan, the Great Lakes Crossing Outlets Mortgage Loan, the GloucesterPremium Outlets Mortgage Loan, the South Lake at Dulles Mortgage Loan, theBarbours Cut IOS Mortgage Loan, the Cross Island Plaza Mortgage Loan, theSeagate Campus Mortgage Loan, the Oxmoor Center Mortgage Loan, the 6330 WestLoop South Mortgage Loan, the Fashion Valley Mall Mortgage Loan and the CX –250 Water Street Mortgage Loan have delivered one or more assessments ofcompliance with respect to Item 1122(d)(2)(iii) of Regulation AB.

Wilmington Trust, NationalAssociation acts as trustee of the Wyndham National Hotel Portfolio MortgageLoan and the One & Two Commerce Square Mortgage Loan.  Pursuant to thepooling and servicing agreement for the UBS 2019-C18 Transaction and thepooling and servicing agreement for the BANK 2023-BNK46 Transaction, thetrustee is required to provide an assessment of compliance with applicableservicing criteria solely with respect to Item 1122(d)(2)(iii) of Regulation AB(regarding advances of funds or guarantees regarding collections, cash flows ordistributions, and any interest or other fees charged for such advances, aremade, reviewed and approved as specified in the transaction agreements).However, during the reporting period, the trustee did not perform any servicingfunction with respect to the servicing criteria specified in Item1122(d)(2)(iii) of Regulation AB.  The master servicer or the special servicer,to the extent required, performed the servicing function identified withrespect to Item 1122(d)(2)(iii) of Regulation AB, and each such party includedItem 1122(d)(2)(iii) of Regulation AB in the assessment of compliance withapplicable servicing criteria and accountant’s attestation report for thesubject transaction.  As a result, this Annual Report on Form 10-K doesnot include an assessment of compliance with applicable servicing criteria ofthe trustee. One or more other servicers of the Wyndham National HotelPortfolio Mortgage Loan and the One & Two Commerce Square Mortgage Loanhave delivered one or more assessments of compliance with respect to Item1122(d)(2)(iii) of Regulation AB.

This Annual Report on Form 10-Kincludes assessments of compliance with applicable servicing criteria andaccountants’ attestation reports from CoreLogic Solutions, LLC.  Thisentity was engaged by the primary servicer of the Wyndham National HotelPortfolio Mortgage Loan, the Barbours Cut IOS Mortgage Loan, the One & TwoCommerce Square Mortgage Loan, the 6330 West Loop South Mortgage Loan and theCX – 250 Water Street Mortgage Loan to remit tax payments received from theescrow accounts of borrowers to local taxing authorities, to report tax amountsdue, to verify tax parcel information, and to verify non-escrow tax payments.These servicing functions are included within the servicing criteria set forthin Items 1122(d)(4)(xi) and 1122(d)(4)(xii) of Regulation AB.  Therefore,under the principles-based definition of “servicer” set forth in Item 1101(j)of Regulation AB that looks to the functions that an entity performs, thisvendor is a “servicer” for the purposes of Item 1122 of Regulation AB.  *See*Compliance and Disclosure Interpretations, Section 301.01 (Item 1101(j)).

This AnnualReport on Form 10-K includes an assessment of compliance with applicableservicing criteria, accountants’ attestation report and servicer compliancestatement from Computershare Trust Company, National Association (“CTCNA”). CTCNA was engaged by Wells Fargo Bank, National Association (“Wells Fargo”),in its capacity as certificate administrator and custodian, to perform certainspecified servicing functions identified in the assessment of compliance withapplicable servicing criteria and accountants’ attestation reports.  WellsFargo engaged CTCNA in connection with the sale of Wells Fargo’s corporatetrust services business to CTCNA and its affiliates.  Further, under theprinciples-based definition of “servicer” set forth in Item 1101(j) ofRegulation AB that looks to the functions that an entity performs, this partyis a “servicer” for the purposes of Item 1123 of Regulation AB.  *See*Compliance and Disclosure Interpretations, Section 301.01 (Item 1101(j)).

The assessments of compliance withapplicable servicing criteria, accountants’ attestation reports and servicercompliance statements of the certificate administrator of the Great LakesCrossing Outlets Mortgage Loan, the Gloucester Premium Outlets Mortgage Loan,the South Lake at Dulles Mortgage Loan, the Barbours Cut IOS Mortgage Loan, theCross Island Plaza Mortgage Loan, the Seagate Campus Mortgage Loan, the OxmoorCenter Mortgage Loan, the One & Two Commerce Square Mortgage Loan, the 6330West Loop South Mortgage Loan, the Fashion Valley Mall Mortgage Loan, the CX –250 Water Street Mortgage Loan and the Wyndham National Hotel PortfolioMortgage Loan are omitted from this Annual Report on Form 10-K as thecertificate administrator pursuant to the related pooling and servicing agreementor trust and servicing agreement does not perform any activities that addressservicing criteria with respect to the issuing entity and because they are eachnot a “servicer” that meets the criteria in Item 1108(a)(2)(i) through (iii) ofRegulation AB.

With respect to the *pari passu*loan combinations that include the Wyndham National Hotel Portfolio MortgageLoan, the Cross Island Plaza Mortgage Loan, the Gloucester Premium OutletsMortgage Loan, the South Lake at Dulles Mortgage Loan, the Seagate CampusMortgage Loan, the Oxmoor Center Mortgage Loan and the 6330 West Loop SouthMortgage Loan, (i) the reports on assessment of compliance with servicingcriteria and attestation reports on assessment of compliance with servicingcriteria of Rialto Capital Advisors, LLC as special servicer of the WyndhamNational Hotel Portfolio Mortgage Loan and the Cross Island Plaza Mortgage Loanand Greystone Servicing Company LLC as special servicer of the Oxmoor CenterMortgage Loan and the 6330 West Loop South Mortgage Loan, listed on the ExhibitIndex are omitted from this Annual Report on Form 10-K as they are not requiredto be included on this Annual Report on Form 10-K per Instruction 3 to Item1122 of Regulation AB because they are parties performing activities thataddress servicing criteria relating to 5% or less of the assets of the issuingentity; and (ii) the servicer compliance statements of Rialto Capital Advisors,LLC as special servicer of the Wyndham National Hotel Portfolio Mortgage Loanand the Cross Island Plaza Mortgage Loan, K-Star Asset Management LLC asspecial servicer of the Gloucester Premium Outlets Mortgage Loan, the SouthLake at Dulles Mortgage Loan and the Seagate Campus Mortgage Loan and GreystoneServicing Company LLC as special servicer of the Oxmoor Center Mortgage Loanand the 6330 West Loop South Mortgage Loan, listed on the Exhibit Index areomitted from this Annual Report on Form 10-K as they are not required by Item1123 of Regulation AB to be included on this Annual Report on Form 10-K becausethey are each an unaffiliated party that is not a “servicer” that meets thecriteria in Item 1108(a)(2)(i) through (iii) of Regulation AB.

**PART I**

**Item 1.  Business.**

Omitted.

**Item 1A.  Risk Factors.**

Omitted.

**Item 1B.  Unresolved Staff Comments.**

None.

**Item 1C.  Cybersecurity.**

Omitted.

**Item 2.  Properties.**

Omitted.

**Item 3.  Legal Proceedings.**

Omitted.

**Item 4.  Mine Safety Disclosures.**

Not applicable.

**PART II**

**Item 5.  Market for Registrant’s Common Equity,Related Stockholder Matters and Issuer Purchases of Equity Securities.**

Omitted.

**Item 6.  [Reserved]**

**Item 7.  Management’s Discussion and Analysis ofFinancial Condition and Results of Operations.**

Omitted.

**Item 7A.  Quantitative and Qualitative DisclosuresAbout Market Risk.**

Omitted.

**Item 8.  Financial Statements and Supplementary Data.**

Omitted.

**Item 9.  Changes in and Disagreements WithAccountants on Accounting and Financial Disclosure.**

Omitted.

**Item 9A.  Controls and Procedures.**

Omitted.

**Item 9B.  Other Information.**

None.

**Item 9C.  Disclosure Regarding Foreign Jurisdictionsthat Prevent Inspections.**

None.

**PART III**

**Item 10.  Directors, Executive Officers and CorporateGovernance.**

Omitted.

**Item 11.  Executive Compensation.**

Omitted.

**Item 12.  Security Ownership of Certain BeneficialOwners and Management and Related Stockholder Matters.**

Omitted.

**Item 13.  Certain Relationships and RelatedTransactions, and Director Independence.**

Omitted.

**Item 14.  Principal Accountant Fees and Services.**

Omitted.

**ADDITIONAL DISCLOSURE ITEMS FOR REGULATION AB**

**Item 1112(b) of Regulation AB, Significant ObligorFinancial Information.**

No single obligor represents 10% or more of the pool assetsheld by the issuing entity. 

**Item 1114(b)(2) of Regulation AB, Significant EnhancementProvider Financial Information.**

No entity or group of affiliated entities provides any external creditenhancement or other support for the certificates within this transaction asdescribed under Item 1114(a) of Regulation AB.

**Item 1115(b) of Regulation AB, Certain DerivativesInstruments (Financial Information).**

No entity or group of affiliated entities provides any derivativeinstruments or other support for the certificates within this transaction asdescribed under Item 1115 of Regulation AB.

**Item 1117 of Regulation AB, Legal Proceedings.**

The registrant knows of no material pending legal proceedinginvolving the trust or any party related to the trust, other than routinelitigation incidental to the duties of those respective parties, and thefollowing, with respect to Wells Fargo Bank, National Association, ascertificate administrator and as custodian. 

In December 2014, Phoenix Light SF Limited (Phoenix Light)and certain related entities filed a complaint in the United States DistrictCourt for the Southern District of New York alleging claims against Wells FargoBank, N.A., in its capacity as trustee for a number of residentialmortgage-backed securities (RMBS) trusts. Complaints raising similarallegations have been filed by Commerzbank AG in the Southern District of NewYork, IKB International and IKB Deutsche Industriebank (together, IKB) in NewYork state court, and Park Royal I LLC and Park Royal II LLC in New York statecourt. In each case, the plaintiffs allege that Wells Fargo Bank, N.A., astrustee, caused losses to investors, and plaintiffs assert causes of actionbased upon, among other things, the trustee’s alleged failure to notify andenforce repurchase obligations of mortgage loan sellers for purported breachesof representations and warranties, notify investors of alleged events ofdefault, and abide by appropriate standards of care following alleged events ofdefault. In July 2022, the district court dismissed Phoenix Light’s claims andcertain of the claims asserted by Commerzbank AG, and subsequently enteredjudgment in each case in favor of Wells Fargo Bank, N.A. In August 2022,Phoenix Light and Commerzbank AG each appealed the district court’s decision tothe United States Court of Appeals for the Second Circuit. Phoenix Lightdismissed its appeal in May 2023, terminating its case. In November 2023, WellsFargo Bank, N.A. entered into an agreement with IKB to resolve IKB’s claims.Wells Fargo Bank, N.A. previously settled two class actions filed byinstitutional investors and an action filed by the National Credit UnionAdministration with similar allegations.

**Item 1119 of Regulation AB, Affiliations and CertainRelationships and Related Transactions.**

The information regarding this Item has been previouslyprovided in the prospectus of the Registrant relating to the issuing entityfiled on July 11, 2023 pursuant to Rule 424(b)(2).

**Item 1122 of Regulation AB, Compliance with ApplicableServicing Criteria.**

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the mortgage loans are attachedhereto under Item 15 to this Annual Report on Form 10-K. Attached as Exhibit AAto the Pooling and Servicing Agreement incorporated by reference as Exhibit 4.1to this Annual Report on Form 10-K is a chart identifying the entitiesparticipating in a servicing function for the transaction responsible for eachapplicable servicing criteria set forth in Item 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the Wyndham National Hotel PortfolioMortgage Loan, which is being serviced and administered pursuant to the poolingand servicing agreement for the UBS 2019-C18 Transaction, are attached heretounder Item 15 to this Annual Report on Form 10-K. Attached as Exhibit Z to thepooling and servicing agreement for the UBS 2019-C18 Transaction incorporatedby reference as Exhibit 4.2 to this Annual Report on Form 10-K is a chartidentifying the entities participating in a servicing function for the UBS2019-C18 Transaction responsible for each applicable servicing criteria setforth in Item 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the Great Lakes Crossing OutletsMortgage Loan, which is being serviced and administered pursuant to the poolingand servicing agreement for the Benchmark 2023-B38 Transaction, are attachedhereto under Item 15 to this Annual Report on Form 10-K. Attached as ScheduleII to the pooling and servicing agreement for the Benchmark 2023-B38Transaction incorporated by reference as Exhibit 4.3 to this Annual Report onForm 10-K is a chart identifying the entities participating in a servicingfunction for the Benchmark 2023-B38 Transaction responsible for each applicableservicing criteria set forth in Item 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the Gloucester Premium OutletsMortgage Loan and the South Lake at Dulles Mortgage Loan, which are beingserviced and administered pursuant to the pooling and servicing agreement forthe BBCMS 2023-C19 Transaction, are attached hereto under Item 15 to thisAnnual Report on Form 10-K. Attached as Exhibit AA to the pooling and servicingagreement for the BBCMS 2023-C19 Transaction incorporated by reference asExhibit 4.4 to this Annual Report on Form 10-K is a chart identifying theentities participating in a servicing function for the BBCMS 2023-C19Transaction responsible for each applicable servicing criteria set forth inItem 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the Barbours Cut IOS Mortgage Loan,which is being serviced and administered pursuant to the pooling and servicingagreement for the MSWF 2023-1 Transaction, are attached hereto under Item 15 tothis Annual Report on Form 10-K. Attached as Exhibit Z to the pooling andservicing agreement for the MSWF 2023-1 Transaction incorporated by referenceas Exhibit 4.5 to this Annual Report on Form 10-K is a chart identifying theentities participating in a servicing function for the MSWF 2023-1 Transactionresponsible for each applicable servicing criteria set forth in Item 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the Cross Island Plaza Mortgage Loan,which is being serviced and administered pursuant to the pooling and servicingagreement for the BMO 2023-C5 Transaction, are attached hereto under Item 15 tothis Annual Report on Form 10-K. Attached as Exhibit O to the pooling andservicing agreement for the BMO 2023-C5 Transaction incorporated by referenceas Exhibit 4.6 to this Annual Report on Form 10-K is a chart identifying theentities participating in a servicing function for the BMO 2023-C5 Transactionresponsible for each applicable servicing criteria set forth in Item 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the Seagate Campus Mortgage Loan,which is being serviced and administered pursuant to the pooling and servicingagreement for the Benchmark 2023-B39 Transaction, are attached hereto underItem 15 to this Annual Report on Form 10-K. Attached as Exhibit O to thepooling and servicing agreement for the Benchmark 2023-B39 Transactionincorporated by reference as Exhibit 4.7 to this Annual Report on Form 10-K isa chart identifying the entities participating in a servicing function for theBenchmark 2023-B39 Transaction responsible for each applicable servicingcriteria set forth in Item 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the Oxmoor Center Mortgage Loan,which is being serviced and administered pursuant to the pooling and servicingagreement for the Benchmark 2023-V3 Transaction, are attached hereto under Item15 to this Annual Report on Form 10-K. Attached as Exhibit AA to the poolingand servicing agreement for the Benchmark 2023-V3 Transaction incorporated byreference as Exhibit 4.8 to this Annual Report on Form 10-K is a chartidentifying the entities participating in a servicing function for theBenchmark 2023-V3 Transaction responsible for each applicable servicingcriteria set forth in Item 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the One & Two Commerce SquareMortgage Loan, which is being serviced and administered pursuant to the poolingand servicing agreement for the BANK 2023-BNK46 Transaction, are attachedhereto under Item 15 to this Annual Report on Form 10-K. Attached as Exhibit AAto the pooling and servicing agreement for the BANK 2023-BNK46 Transactionincorporated by reference as Exhibit 4.9 to this Annual Report on Form 10-K isa chart identifying the entities participating in a servicing function for theBANK 2023-BNK46 Transaction responsible for each applicable servicing criteriaset forth in Item 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the 6330 West Loop South MortgageLoan, which is being serviced and administered pursuant to the pooling andservicing agreement for the BANK5 2023-5YR3 Transaction, are attached heretounder Item 15 to this Annual Report on Form 10-K. Attached as Exhibit Z to thepooling and servicing agreement for the BANK5 2023-5YR3 Transactionincorporated by reference as Exhibit 4.10 to this Annual Report on Form 10-K isa chart identifying the entities participating in a servicing function for theBANK5 2023-5YR3 Transaction responsible for each applicable servicing criteriaset forth in Item 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the Fashion Valley Mall MortgageLoan, which is being serviced and administered pursuant to the pooling andservicing agreement for the Benchmark 2023-B40 Transaction, are attached heretounder Item 15 to this Annual Report on Form 10-K. Attached as Exhibit AA to thepooling and servicing agreement for the Benchmark 2023-B40 Transaction incorporatedby reference as Exhibit 4.11 to this Annual Report on Form 10-K is a chartidentifying the entities participating in a servicing function for theBenchmark 2023-B40 Transaction responsible for each applicable servicingcriteria set forth in Item 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the CX – 250 Water Street MortgageLoan, which is being serviced and administered pursuant to the pooling andservicing agreement for the MSWF 2023-2 Transaction, are attached hereto underItem 15 to this Annual Report on Form 10-K. Attached as Exhibit Z to thepooling and servicing agreement for the MSWF 2023-2 Transaction incorporated byreference as Exhibit 4.12 to this Annual Report on Form 10-K is a chartidentifying the entities participating in a servicing function for the MSWF2023-2 Transaction responsible for each applicable servicing criteria set forthin Item 1122(d).

**Item 1123 of Regulation AB, Servicer Compliance Statement.**

The servicer compliance statements are attached as Exhibitsto this Annual Report on Form 10-K.

**PART IV**

**Item 15. Exhibit, and Financial Statement Schedules**

(a) The following is a list of documents filed as part ofthis Annual Report on Form 10-K:

(1) Not applicable

(2) Not applicable

(3) See below

 

4.1          Poolingand Servicing Agreement, dated as of July 1, 2023, among Barclays CommercialMortgage Securities LLC, as Depositor, KeyBank National Association, as MasterServicer, LNR Partners, LLC, as Special Servicer, KeyBank National Association,as Ashburn Data Center Special Servicer, Computershare Trust Company, NationalAssociation, as Certificate Administrator and as Trustee, and Park BridgeLender Services LLC, as Operating Advisor and as Asset Representations Reviewer(filed as Exhibit 4.1 to the registrant’s Current Report on Form 8-K/A filed onAugust 14, 2023 under Commission File No. 333-257737-08 and incorporated byreference herein).

4.2          Poolingand Servicing Agreement, dated as of December 1, 2019, among UBS CommercialMortgage Securitization Corp., as Depositor, Wells Fargo Bank, NationalAssociation, as Master Servicer, Rialto Capital Advisors, LLC as SpecialServicer, Wells Fargo Bank, National Association, as Certificate Administrator,Wilmington Trust, National Association, as Trustee, and Park Bridge LenderServices LLC, as Operating Advisor and as Asset Representations Reviewer (filedas Exhibit 4.6 to the registrant’s Current Report on Form 8-K filed on July 11,2023 under Commission File No. 333-257737-08 and incorporated by referenceherein).

4.3          Poolingand Servicing Agreement, dated as of April 1, 2023, between DeutscheMortgage & Asset Receiving Corporation, as Depositor, Midland LoanServices, a Division of PNC Bank, National Association, as Master Servicer, LNRPartners, LLC, as General Special Servicer, Argentic Services Company LP, asPacific Design Center Special Servicer, Computershare Trust Company, N.A., asTrustee, Certificate Administrator, Paying Agent and Custodian, and Park BridgeLender Services LLC, as Operating Advisor and Asset Representations Reviewer(filed as Exhibit 4.2 to the registrant’s Current Report on Form 8-K/A filed onAugust 14, 2023 under Commission File No. 333-257737-08 and incorporated byreference herein). 

4.4          Poolingand Servicing Agreement, dated as of April 1, 2023, among Barclays CommercialMortgage Securities LLC, as Depositor, KeyBank National Association, as MasterServicer, K-Star Asset Management LLC, as Special Servicer, Computershare TrustCompany, National Association, as Certificate Administrator and as Trustee, andPentalpha Surveillance LLC, as Operating Advisor and as Asset RepresentationsReviewer (filed as Exhibit 4.4 to the registrant’s Current Report on Form 8-Kfiled on July 11, 2023 under Commission File No. 333-257737-08 and incorporatedby reference herein).

4.5          Poolingand Servicing Agreement, dated as of May 1, 2023, between Morgan StanleyCapital I Inc., as Depositor, Wells Fargo Bank, National Association, as MasterServicer, Argentic Services Company LP, as Special Servicer, ComputershareTrust Company, National Association, as Certificate Administrator and asTrustee, and Pentalpha Surveillance LLC, as Operating Advisor and as AssetRepresentations Reviewer (filed as Exhibit 4.5 to the registrant’s CurrentReport on Form 8-K filed on July 11, 2023 under Commission File No.333-257737-08 and incorporated by reference herein).

4.6          Poolingand Servicing Agreement, dated as of June 1, 2023, among BMO CommercialMortgage Securities LLC, as Depositor, Midland Loan Services, a Division of PNCBank, National Association, as Master Servicer, Rialto Capital Advisors, LLC,as Special Servicer, Park Bridge Lender Services LLC, as Operating Advisor andAsset Representations Reviewer, Computershare Trust Company, NationalAssociation, as Certificate Administrator, and Computershare Trust Company,National Association, as Trustee (filed as Exhibit 4.7 to the registrant’sCurrent Report on Form 8-K filed on July 11, 2023 under Commission File No.333-257737-08 and incorporated by reference herein).

4.7          Poolingand Servicing Agreement, dated as of July 1, 2023, among Citigroup CommercialMortgage Securities Inc., as Depositor, Midland Loan Services, a Division ofPNC Bank, National Association, as Master Servicer, K-Star Asset ManagementLLC, as a Special Servicer, Situs Holdings, LLC, solely with respect to theBack Bay Office Whole Loan, as a Special Servicer, Park Bridge Lender ServicesLLC, as Operating Advisor and Asset Representations Reviewer, ComputershareTrust Company, National Association, as Certificate Administrator and Trustee(filed as Exhibit 4.1 to the registrant’s Current Report on Form 8-K filed onJuly 20, 2023 under Commission File No. 333-257737-08 and incorporated byreference herein). 

4.8          Poolingand Servicing Agreement, dated as of July 1, 2023, among GS Mortgage SecuritiesCorporation II, as Depositor, Midland Loan Services, a Division of PNC Bank,National Association, as Master Servicer, Greystone Servicing Company LLC, asSpecial Servicer, Computershare Trust Company, National Association, as CertificateAdministrator and as Trustee, and Park Bridge Lender Services LLC, as OperatingAdvisor and as Asset Representations Reviewer (filed as Exhibit 4.1 to theregistrant’s Current Report on Form 8-K filed on August 4, 2023 underCommission File No. 333-257737-08 and incorporated by reference herein). 

4.9          Poolingand Servicing Agreement, dated as of August 1, 2023, among Wells FargoCommercial Mortgage Securities, Inc., as Depositor, Wells Fargo Bank, NationalAssociation, as General Master Servicer, LNR Partners, LLC, as General SpecialServicer, National Cooperative Bank, N.A., as Co-op Master Servicer and asCo-op Special Servicer, Computershare Trust Company, N.A., as CertificateAdministrator, Wilmington Trust, National Association, as Trustee, and ParkBridge Lender Services LLC, as Operating Advisor and as Asset RepresentationsReviewer (filed as Exhibit 4.1 to the registrant’s Current Report on Form 8-Kfiled on August 11, 2023 under Commission File No. 333-257737-08 andincorporated by reference herein).

4.10        Poolingand Servicing Agreement, dated as of September 1, 2023, between Banc of AmericaMerrill Lynch Commercial Mortgage Inc., as Depositor, Wells Fargo Bank,National Association, as Master Servicer, Greystone Servicing Company LLC, asSpecial Servicer, Computershare Trust Company, National Association, asCertificate Administrator and as Trustee, and Pentalpha Surveillance LLC, asOperating Advisor and as Asset Representations Reviewer (filed as Exhibit 4.1to the registrant’s Current Report on Form 8-K filed on October 3, 2023 underCommission File No. 333-257737-08 and incorporated by reference herein).

4.11        Poolingand Servicing Agreement, dated as of December 1, 2023, between J.P. MorganChase Commercial Mortgage Securities Corp., as Depositor, Midland LoanServices, a Division of PNC Bank, National Association, as Master Servicer, LNRPartners, LLC, as Special Servicer, Computershare Trust Company, NationalAssociation, as Certificate Administrator, Computershare Trust Company,National Association, as Trustee, and Pentalpha Surveillance LLC, as OperatingAdvisor and as Asset Representations Reviewer (filed as Exhibit 4.1 to theregistrant’s Current Report on Form 8-K filed on December 22, 2023 underCommission File No. 333-257737-08 and incorporated by reference herein).

4.12        Poolingand Servicing Agreement, dated as of December 1, 2023, among Wells FargoCommercial Mortgage Securities, Inc., as Depositor, Wells Fargo Bank, NationalAssociation, as Master Servicer, Argentic Services Company LP, as SpecialServicer, Computershare Trust Company, National Association, as CertificateAdministrator and as Trustee, and BellOak, LLC, as Operating Advisor and asAsset Representations Reviewer (filed as Exhibit 4.2 to the registrant’sCurrent Report on Form 8-K filed on December 22, 2023 under Commission File No.333-257737-08 and incorporated by reference herein).

4.13        AgreementBetween Note Holders, dated as of May 25, 2023, by and between Bank of America,N.A., as Initial Note A-1-1 Holder, Bank of America, N.A., as Initial NoteA-1-2 Holder, Bank of America, N.A., as Initial Note A-1-3 Holder, Bank ofAmerica, N.A., as Initial Note A-1-4 Holder, JPMorgan Chase Bank, NationalAssociation, as Initial Note A-2-1 Holder, JPMorgan Chase Bank, NationalAssociation, as Initial Note A-2-2 Holder, JPMorgan Chase Bank, NationalAssociation, as Initial Note A-2-3 Holder, JPMorgan Chase Bank, NationalAssociation, as Initial Note A-2-4 Holder, Bank of Montreal, as Initial NoteA-3-1 Holder, Bank of Montreal, as Initial Note A-3-2 Holder, Bank of Montreal,as Initial Note A-3-3 Holder, Bank of Montreal, as Initial Note A-3-4 Holder,Bank of Montreal, as Initial Note A-3-5 Holder, Bank of Montreal, as InitialNote A-3-6 Holder, Barclays Capital Real Estate Inc., as Initial Note A-4-1Holder, and Barclays Capital Real Estate Inc., as Initial Note A-4-2 Holder(filed as Exhibit 4.8 to the registrant’s Current Report on Form 8-K filed onJuly 11, 2023 under Commission File No. 333-257737-08 and incorporated byreference herein).

4.14        AgreementBetween Note Holders, dated as of January 27, 2023, by and between  Bank ofAmerica, National Association, as Initial Note A-1 Holder, Bank of America,National Association, as Initial Note A-2 Holder, Bank of America, NationalAssociation, as Initial Note A-3 Holder, Bank of America, National Association,as Initial Note A-4 Holder, Bank of America, National Association, as InitialNote A-5 Holder, Bank of America, National Association, as Initial Note A-6Holder, Bank of America, National Association, as Initial Note A-7 Holder, Bankof America, National Association, as Initial Note A-8 Holder, Wells Fargo Bank,National Association, as Initial Note A-9 Holder, Wells Fargo Bank, NationalAssociation, as Initial Note A-10 Holder, Wells Fargo Bank, NationalAssociation, as Initial Note A-11 Holder, Wells Fargo Bank, NationalAssociation, as Initial Note A-12 Holder, Wells Fargo Bank, NationalAssociation, as Initial Note A-13 Holder, Wells Fargo Bank, NationalAssociation, as Initial Note A-14 Holder, Wells Fargo Bank, NationalAssociation, as Initial Note A-15 Holder, Wells Fargo Bank, NationalAssociation, as Initial Note A-16 Holder, Goldman Sachs Bank USA, as InitialNote A-17 Holder, Goldman Sachs Bank USA, as Initial Note A-18 Holder, 3650Real Estate Investment Trust 2 LLC, as Initial Note A-19 Holder, and 3650 RealEstate Investment Trust 2 LLC, as Initial Note A-20 Holder (filed as Exhibit4.9 to the registrant’s Current Report on Form 8-K filed on July 11, 2023 underCommission File No. 333-257737-08 and incorporated by reference herein).

4.15        AgreementBetween Note Holders, dated as of May 24, 2023, by and between Barclays CapitalReal Estate Inc., as Initial Note A-1 Holder, Barclays Capital Real EstateInc., as Initial Note A-2 Holder, Barclays Capital Real Estate Inc., as InitialNote A-3 Holder, Barclays Capital Real Estate Inc., as Initial Note A-4 Holder,Barclays Capital Real Estate Inc., as Initial Note A-5 Holder, Barclays CapitalReal Estate Inc., as Initial Note A-6 Holder, Société Générale FinancialCorporation, as Initial Note A-7 Holder, Société Générale FinancialCorporation, as Initial Note A-8 Holder, Société Générale FinancialCorporation, as Initial Note A-9 Holder, Société Générale FinancialCorporation, as Initial Note A-10 Holder, Société Générale FinancialCorporation, as Initial Note A-11 Holder, KeyBank National Association, asInitial Note A-12 Holder, KeyBank National Association, as Initial Note A-13Holder, and KeyBank National Association, as Initial Note A-14 Holder (filed asExhibit 4.10 to the registrant’s Current Report on Form 8-K filed on July 11,2023 under Commission File No. 333-257737-08 and incorporated by referenceherein).

4.16        AgreementBetween Note Holders, dated as of June 1, 2023, by and between Bank of America,N.A., as Initial Note A-1 Holder, Bank of America, N.A., as Initial Note A-2Holder, Bank of America, N.A., as Initial Note A-3 Holder, Bank of America,N.A., as Initial Note A-4 Holder, Barclays Capital Real Estate Inc., as InitialNote A-5 Holder, Barclays Capital Real Estate Inc., as Initial Note A-6 Holder,Barclays Capital Real Estate Inc., as Initial Note A-7 Holder, Barclays CapitalReal Estate Inc., as Initial Note A-8 Holder, JPMorgan Chase Bank, NationalAssociation, as Initial Note A-9 Holder, JPMorgan Chase Bank, NationalAssociation, as Initial Note A-10 Holder, JPMorgan Chase Bank, NationalAssociation, as Initial Note A-11 Holder, and JPMorgan Chase Bank, NationalAssociation, as Initial Note A-12 Holder (filed as Exhibit 4.11 to theregistrant’s Current Report on Form 8-K filed on July 11, 2023 under CommissionFile No. 333-257737-08 and incorporated by reference herein).

4.17        Co-LenderAgreement, dated as of January 5, 2023, by and among Goldman Sachs Bank USA, asInitial Note A-1-1 Holder, Goldman Sachs Bank USA, as Initial Note A-1-2Holder, Goldman Sachs Bank USA, as Initial Note A-1-3 Holder, Goldman SachsBank USA, as Initial Note A-1-4 Holder, DBR Investments Co. Limited, as InitialNote A-2-1 Holder,DBRInvestments Co. Limited, as Initial Note A-2-2 Holder, DBR Investments Co.Limited, as Initial Note A-2-3 Holder, Bank of Montreal, as Initial Note A-3-1Holder, Bank of Montreal, as Initial Note A-3-2 Holder, and Bank of Montreal,as Initial Note A-3-3 Holder (filed as Exhibit 4.12 to the registrant’s CurrentReport on Form 8-K filed on July 11, 2023 under Commission File No.333-257737-08 and incorporated by reference herein).

4.18        AgreementBetween Note Holders, dated as of June 9, 2023, by and between Citi Real EstateFunding Inc., as Initial Note A-1 Holder, Citi Real Estate Funding Inc., asInitial Note A-2 Holder, Citi Real Estate Funding Inc., as Initial Note A-3Holder, UBS AG, by and through its branch office at 1285 Avenue of theAmericas, New York, New York, as Initial Note A-4 Holder, UBS AG, by andthrough its branch office at 1285 Avenue of the Americas, New York, New York,as Initial Note A-5-1 Holder, UBS AG, by and through its branch office at 1285Avenue of the Americas, New York, New York, as Initial Note A-5-2 Holder, andWells Fargo Bank, National Association, as Initial Note A-6 Holder (filed asExhibit 4.13 to the registrant’s Current Report on Form 8-K filed on July 11,2023 under Commission File No. 333-257737-08 and incorporated by referenceherein).

4.19        AgreementBetween Note Holders, dated as of February 3, 2023, by and between BarclaysCapital Real Estate Inc., as Initial Note A-1 Holder, and Société GénéraleFinancial Corporation, as Initial A-2 Holder (filed as Exhibit 4.14 to theregistrant’s Current Report on Form 8-K filed on July 11, 2023 under CommissionFile No. 333-257737-08 and incorporated by reference herein).

4.20        AgreementBetween Note Holders, dated as of May 25, 2023, by and between Barclays CapitalReal Estate Inc., as Initial Note A-1 Holder, Barclays Capital Real EstateInc., as Initial Note A-2 Holder, Barclays Capital Real Estate Inc., as InitialNote A-3 Holder, Société Générale Financial Corporation, as Initial A-4 Holder,Société Générale Financial Corporation, as Initial A-5 Holder, and SociétéGénérale Financial Corporation, as Initial A-6 Holder (filed as Exhibit 4.15 tothe registrant’s Current Report on Form 8-K filed on July 11, 2023 underCommission File No. 333-257737-08 and incorporated by reference herein).

4.21        AgreementBetween Note Holders, dated as of April 27, 2023, by and among Societe GeneraleFinancial Corporation, as Initial A-1 Holder, Societe Generale FinancialCorporation, as Initial A-2 Holder, and Societe Generale Financial Corporation,as Initial A-3 Holder (filed as Exhibit 4.16 to the registrant’s Current Reporton Form 8-K filed on July 11, 2023 under Commission File No. 333-257737-08 andincorporated by reference herein).

4.22        Co-LenderAgreement, dated as of May 9, 2023, by and between Argentic Real Estate Finance2 LLC, as Initial Note A-1-1 Holder, Argentic Real Estate Finance 2 LLC, asInitial Note A-1-2 Holder, Argentic Real Estate Finance 2 LLC, as Initial NoteA-1-3 Holder, Wells Fargo Bank, National Association, as Initial Note A-2-1Holder, and Wells Fargo Bank, National Association, as Initial Note A-2-2Holder (filed as Exhibit 4.17 to the registrant’s Current Report on Form 8-Kfiled on July 11, 2023 under Commission File No. 333-257737-08 and incorporatedby reference herein).

4.23        AgreementBetween Note Holders, dated as of June 14, 2023, by and between Bank ofAmerica, N.A., as Initial Note A-1 Holder, Bank of America, N.A., as InitialNote A-2 Holder, and Bank of America, N.A., as Initial Note A-3 Holder (filedas Exhibit 4.18 to the registrant’s Current Report on Form 8-K filed on July11, 2023 under Commission File No. 333-257737-08 and incorporated by referenceherein).

4.24        AgreementBetween Note Holders, dated as of December 20, 2019, by and between UBS AG, byand through its branch office at 1285 Avenue of the Americas, New York, NewYork, as Initial Note A-1 Holder, UBS AG, by and through its branch office at1285 Avenue of the Americas, New York, New York, as Initial Note A-2 Holder,UBS AG, by and through its branch office at 1285 Avenue of the Americas, NewYork, New York, as Initial Note A-3 Holder, UBS AG, by and through its branchoffice at 1285 Avenue of the Americas, New York, New York, as Initial Note A-4Holder, UBS AG, by and through its branch office at 1285 Avenue of theAmericas, New York, New York, as Initial Note A-5 Holder, UBS AG, by andthrough its branch office at 1285 Avenue of the Americas, New York, New York,as Initial Note A-6 Holder, UBS AG, by and through its branch office at 1285Avenue of the Americas, New York, New York, as Initial Note A-7 Holder, UBS AG,by and through its branch office at 1285 Avenue of the Americas, New York, NewYork, as Initial Note A-8 Holder, UBS AG, by and through its branch office at1285 Avenue of the Americas, New York, New York, as Initial Note A-9 Holder,UBS AG, by and through its branch office at 1285 Avenue of the Americas, NewYork, New York, as Initial Note A-10 Holder, UBS AG, by and through its branchoffice at 1285 Avenue of the Americas, New York, New York, as Initial Note A-11Holder, and UBS AG, by and through its branch office at 1285 Avenue of theAmericas, New York, New York, as Initial Note A-12 Holder (filed as Exhibit4.19 to the registrant’s Current Report on Form 8-K filed on July 11, 2023under Commission File No. 333-257737-08 and incorporated by reference herein).

4.25        Co-LenderAgreement, dated as of June 1, 2023, by and between Bank of Montreal, asInitial Note A-1 Holder, and Bank of Montreal, as Initial Note A-2 Holder(filed as Exhibit 4.20 to the registrant’s Current Report on Form 8-K filed onJuly 11, 2023 under Commission File No. 333-257737-08 and incorporated byreference herein).

 

31           Rule 13a-14(d)/15d-14(d) Certifications.

33           Reports on assessment of compliance with servicing criteria for asset-backedsecurities.

33.1        KeyBank National Association, as Master Servicer

33.2        LNR Partners, LLC, as Special Servicer

33.3         KeyBank National Association, as Special Servicer ofthe Ashburn Data Center Mortgage Loan (see Exhibit 33.1)

33.4        Computershare Trust Company, National Association,as Trustee and Certificate Administrator

33.5        Computershare Trust Company, National Association,as Custodian

33.6        Park Bridge Lender Services LLC, as OperatingAdvisor

33.7        KeyBank National Association, as Primary Servicerof the Healthcare Trust MOB Portfolio Mortgage Loan (see Exhibit 33.1)

33.8        LNR Partners, LLC, as Special Servicer of theHealthcare Trust MOB Portfolio Mortgage Loan (see Exhibit 33.2)

33.9        Computershare Trust Company, National Association, as Trustee of the HealthcareTrust MOB Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

33.10      Computershare Trust Company, National Association,as Custodian of the Healthcare Trust MOB Portfolio Mortgage Loan (see Exhibit33.5)

33.11      Park Bridge Lender Services LLC, as OperatingAdvisor of the Healthcare Trust MOB Portfolio Mortgage Loan (see Exhibit 33.6)

33.12      Wells Fargo Bank, National Association, as PrimaryServicer of the Wyndham National Hotel Portfolio Mortgage Loan

33.13      Rialto Capital Advisors, LLC, as Special Servicer of the Wyndham National HotelPortfolio Mortgage Loan (Omitted. See Explanatory Notes.)

33.14      Wilmington Trust, National Association, as Trustee of the Wyndham NationalHotel Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

33.15      Wells Fargo Bank, National Association, asCustodian of the Wyndham National Hotel Portfolio Mortgage Loan

33.16      Park Bridge Lender Services LLC, as OperatingAdvisor of the Wyndham National Hotel Portfolio Mortgage Loan (see Exhibit33.6)

33.17      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the Wyndham National Hotel Portfolio Mortgage Loan

33.18      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 33.5)

33.19      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Great Lakes Crossing OutletsMortgage Loan

33.20      LNR Partners, LLC, as Special Servicer of the GreatLakes Crossing Outlets Mortgage Loan (see Exhibit 33.2)

33.21      Computershare Trust Company, National Association, as Trustee of the GreatLakes Crossing Outlets Mortgage Loan (Omitted. See Explanatory Notes.)

33.22      Computershare Trust Company, National Association,as Custodian of the Great Lakes Crossing Outlets Mortgage Loan (see Exhibit33.5)

33.23      Park Bridge Lender Services LLC, as OperatingAdvisor of the Great Lakes Crossing Outlets Mortgage Loan (see Exhibit 33.6)

33.24      KeyBank National Association, as Primary Servicerof the Gloucester Premium Outlets Mortgage Loan (see Exhibit 33.1)

33.25      K-Star Asset Management LLC, as Special Servicerof the Gloucester Premium Outlets Mortgage Loan

33.26      Computershare Trust Company, National Association, as Trustee of the GloucesterPremium Outlets Mortgage Loan (Omitted. See Explanatory Notes.)

33.27      Computershare Trust Company, National Association,as Custodian of the Gloucester Premium Outlets Mortgage Loan (see Exhibit 33.5)

33.28      Pentalpha Surveillance LLC, as Operating Advisorof the Gloucester Premium Outlets Mortgage Loan

33.29      KeyBank National Association, as Primary Servicerof the South Lake at Dulles Mortgage Loan (see Exhibit 33.1)

33.30      K-Star Asset Management LLC, as Special Servicerof the South Lake at Dulles Mortgage Loan (see Exhibit 33.25)

33.31      Computershare Trust Company, National Association, as Trustee of the South Lakeat Dulles Mortgage Loan (Omitted. See Explanatory Notes.)

33.32      Computershare Trust Company, National Association, asCustodian of the South Lake at Dulles Mortgage Loan (see Exhibit 33.5)

33.33      Pentalpha Surveillance LLC, as Operating Advisorof the South Lake at Dulles Mortgage Loan (see Exhibit 33.28)

33.34      Wells Fargo Bank, National Association, as PrimaryServicer of the Barbours Cut IOS Mortgage Loan (see Exhibit 33.12)

33.35      Argentic Services Company LP, as Special Servicerof the Barbours Cut IOS Mortgage Loan

33.36      Computershare Trust Company, National Association, as Trustee of the BarboursCut IOS Mortgage Loan (Omitted. See Explanatory Notes.)

33.37      Computershare Trust Company, National Association,as Custodian of the Barbours Cut IOS Mortgage Loan (see Exhibit 33.5)

33.38      Pentalpha Surveillance LLC, as Operating Advisorof the Barbours Cut IOS Mortgage Loan (see Exhibit 33.28)

33.39      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the Barbours Cut IOS Mortgage Loan (see Exhibit 33.17)

33.40      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Cross Island Plaza MortgageLoan (see Exhibit 33.19)

33.41      Rialto Capital Advisors, LLC, as Special Servicer of the Cross Island PlazaMortgage Loan (Omitted. See Explanatory Notes.)

33.42      Computershare Trust Company, National Association, as Trustee of the CrossIsland Plaza Mortgage Loan (Omitted. See Explanatory Notes.)

33.43      Computershare Trust Company, National Association,as Custodian of the Cross Island Plaza Mortgage Loan (see Exhibit 33.5)

33.44      Park Bridge Lender Services LLC, as OperatingAdvisor of the Cross Island Plaza Mortgage Loan (see Exhibit 33.6)

33.45      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Seagate Campus Mortgage Loan(see Exhibit 33.19)

33.46      K-Star Asset Management LLC, as Special Servicerof the Seagate Campus Mortgage Loan (see Exhibit 33.25)

33.47      Computershare Trust Company, National Association, as Trustee of the SeagateCampus Mortgage Loan (Omitted. See Explanatory Notes.)

33.48      Computershare Trust Company, National Association,as Custodian of the Seagate Campus Mortgage Loan (see Exhibit 33.5)

33.49      Park Bridge Lender Services LLC, as OperatingAdvisor of the Seagate Campus Mortgage Loan (see Exhibit 33.6)

33.50      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Oxmoor Center Mortgage Loan(see Exhibit 33.19)

33.51      Greystone Servicing Company LLC, as Special Servicer of the Oxmoor CenterMortgage Loan (Omitted. See Explanatory Notes.)

33.52      Computershare Trust Company, National Association, as Trustee of the OxmoorCenter Mortgage Loan (Omitted. See Explanatory Notes.)

33.53      Computershare Trust Company, National Association,as Custodian of the Oxmoor Center Mortgage Loan (see Exhibit 33.5)

33.54      Park Bridge Lender Services LLC, as OperatingAdvisor of the Oxmoor Center Mortgage Loan (see Exhibit 33.6)

33.55      Wells Fargo Bank, National Association, as PrimaryServicer of the One & Two Commerce Square Mortgage Loan (see Exhibit 33.12)

33.56      LNR Partners, LLC, as Special Servicer of the One& Two Commerce Square Mortgage Loan (see Exhibit 33.2)

33.57      Wilmington Trust, National Association, as Trustee of the One & TwoCommerce Square Mortgage Loan (Omitted. See Explanatory Notes.)

33.58      Computershare Trust Company, National Association,as Custodian of the One & Two Commerce Square Mortgage Loan (see Exhibit33.5)

33.59      Park Bridge Lender Services LLC, as OperatingAdvisor of the One & Two Commerce Square Mortgage Loan (see Exhibit 33.6)

33.60      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the One & Two Commerce Square Mortgage Loan (see Exhibit33.17)

33.61      Wells Fargo Bank, National Association, as PrimaryServicer of the 6330 West Loop South Mortgage Loan (see Exhibit 33.12)

33.62      Greystone Servicing Company LLC, as Special Servicer of the 6330 West LoopSouth Mortgage Loan (Omitted. See Explanatory Notes.)

33.63      Computershare Trust Company, National Association, as Trustee of the 6330 WestLoop South Mortgage Loan (Omitted. See Explanatory Notes.)

33.64      Computershare Trust Company, National Association,as Custodian of the 6330 West Loop South Mortgage Loan (see Exhibit 33.5)

33.65      Pentalpha Surveillance LLC, as Operating Advisorof the 6330 West Loop South Mortgage Loan (see Exhibit 33.28)

33.66      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the 6330 West Loop South Mortgage Loan (see Exhibit 33.17)

33.67      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Fashion Valley Mall MortgageLoan (see Exhibit 33.19)

33.68      LNR Partners, LLC, as Special Servicer of theFashion Valley Mall Mortgage Loan (see Exhibit 33.2)

33.69      Computershare Trust Company, National Association, as Trustee of the FashionValley Mall Mortgage Loan (Omitted. See Explanatory Notes.)

33.70      Computershare Trust Company, National Association,as Custodian of the Fashion Valley Mall Mortgage Loan (see Exhibit 33.5)

33.71      Pentalpha Surveillance LLC, as Operating Advisorof the Fashion Valley Mall Mortgage Loan (see Exhibit 33.28)

33.72      Wells Fargo Bank, National Association, as PrimaryServicer of the CX – 250 Water Street Mortgage Loan (see Exhibit 33.12)

33.73      Argentic Services Company LP, as Special Servicerof the CX – 250 Water Street Mortgage Loan (see Exhibit 33.35)

33.74      Computershare Trust Company, National Association, as Trustee of the CX – 250Water Street Mortgage Loan (Omitted. See Explanatory Notes.)

33.75      Computershare Trust Company, National Association,as Custodian of the CX – 250 Water Street Mortgage Loan (see Exhibit 33.5)

33.76      BellOak, LLC, as Operating Advisor of the CX – 250Water Street Mortgage Loan

33.77      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the CX – 250 Water Street Mortgage Loan (see Exhibit 33.17)

34           Attestationreports on assessment of compliance with servicing criteria for asset-backedsecurities.

34.1        KeyBank National Association, as Master Servicer

34.2        LNR Partners, LLC, as Special Servicer

34.3        KeyBank National Association, as Special Servicerof the Ashburn Data Center Mortgage Loan (see Exhibit 34.1)

34.4        Computershare Trust Company, National Association,as Trustee and Certificate Administrator

34.5        Computershare Trust Company, National Association,as Custodian

34.6        Park Bridge Lender Services LLC, as OperatingAdvisor

34.7        KeyBank National Association, as Primary Servicerof the Healthcare Trust MOB Portfolio Mortgage Loan (see Exhibit 34.1)

34.8        LNR Partners, LLC, as Special Servicer of theHealthcare Trust MOB Portfolio Mortgage Loan (see Exhibit 34.2)

34.9        Computershare Trust Company, National Association, as Trustee of the HealthcareTrust MOB Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

34.10      Computershare Trust Company, National Association, asCustodian of the Healthcare Trust MOB Portfolio Mortgage Loan (see Exhibit34.5)

34.11      Park Bridge Lender Services LLC, as OperatingAdvisor of the Healthcare Trust MOB Portfolio Mortgage Loan (see Exhibit 34.6)

34.12      Wells Fargo Bank, National Association, as PrimaryServicer of the Wyndham National Hotel Portfolio Mortgage Loan

34.13      Rialto Capital Advisors, LLC, as Special Servicer of the Wyndham National HotelPortfolio Mortgage Loan (Omitted. See Explanatory Notes.)

34.14      Wilmington Trust, National Association, as Trustee of the Wyndham NationalHotel Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

34.15      Wells Fargo Bank, National Association, asCustodian of the Wyndham National Hotel Portfolio Mortgage Loan

34.16      Park Bridge Lender Services LLC, as OperatingAdvisor of the Wyndham National Hotel Portfolio Mortgage Loan (see Exhibit34.6)

34.17      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the Wyndham National Hotel Portfolio Mortgage Loan

34.18      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 34.5)

34.19      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Great Lakes Crossing OutletsMortgage Loan

34.20      LNR Partners, LLC, as Special Servicer of the GreatLakes Crossing Outlets Mortgage Loan (see Exhibit 34.2)

34.21      Computershare Trust Company, National Association, as Trustee of the GreatLakes Crossing Outlets Mortgage Loan (Omitted. See Explanatory Notes.)

34.22      Computershare Trust Company, National Association,as Custodian of the Great Lakes Crossing Outlets Mortgage Loan (see Exhibit34.5)

34.23      Park Bridge Lender Services LLC, as OperatingAdvisor of the Great Lakes Crossing Outlets Mortgage Loan (see Exhibit 34.6)

34.24      KeyBank National Association, as Primary Servicerof the Gloucester Premium Outlets Mortgage Loan (see Exhibit 34.1)

34.25      K-Star Asset Management LLC, as Special Servicerof the Gloucester Premium Outlets Mortgage Loan

34.26      Computershare Trust Company, National Association, as Trustee of the GloucesterPremium Outlets Mortgage Loan (Omitted. See Explanatory Notes.)

34.27      Computershare Trust Company, National Association,as Custodian of the Gloucester Premium Outlets Mortgage Loan (see Exhibit 34.5)

34.28      Pentalpha Surveillance LLC, as Operating Advisorof the Gloucester Premium Outlets Mortgage Loan

34.29      KeyBank National Association, as Primary Servicerof the South Lake at Dulles Mortgage Loan (see Exhibit 34.1)

34.30      K-Star Asset Management LLC, as Special Servicerof the South Lake at Dulles Mortgage Loan (see Exhibit 34.25)

34.31      Computershare Trust Company, National Association, as Trustee of the South Lakeat Dulles Mortgage Loan (Omitted. See Explanatory Notes.)

34.32      Computershare Trust Company, National Association,as Custodian of the South Lake at Dulles Mortgage Loan (see Exhibit 34.5)

34.33      Pentalpha Surveillance LLC, as Operating Advisorof the South Lake at Dulles Mortgage Loan (see Exhibit 34.28)

34.34      Wells Fargo Bank, National Association, as PrimaryServicer of the Barbours Cut IOS Mortgage Loan (see Exhibit 34.12)

34.35      Argentic Services Company LP, as Special Servicerof the Barbours Cut IOS Mortgage Loan

34.36      Computershare Trust Company, National Association, as Trustee of the BarboursCut IOS Mortgage Loan (Omitted. See Explanatory Notes.)

34.37      Computershare Trust Company, National Association,as Custodian of the Barbours Cut IOS Mortgage Loan (see Exhibit 34.5)

34.38      Pentalpha Surveillance LLC, as Operating Advisorof the Barbours Cut IOS Mortgage Loan (see Exhibit 34.28)

34.39      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the Barbours Cut IOS Mortgage Loan (see Exhibit 34.17)

34.40      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Cross Island Plaza MortgageLoan (see Exhibit 34.19)

34.41      Rialto Capital Advisors, LLC, as Special Servicer of the Cross Island PlazaMortgage Loan (Omitted. See Explanatory Notes.)

34.42      Computershare Trust Company, National Association, as Trustee of the CrossIsland Plaza Mortgage Loan (Omitted. See Explanatory Notes.)

34.43      Computershare Trust Company, National Association,as Custodian of the Cross Island Plaza Mortgage Loan (see Exhibit 34.5)

34.44      Park Bridge Lender Services LLC, as OperatingAdvisor of the Cross Island Plaza Mortgage Loan (see Exhibit 34.6)

34.45      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Seagate Campus Mortgage Loan(see Exhibit 34.19)

34.46      K-Star Asset Management LLC, as Special Servicerof the Seagate Campus Mortgage Loan (see Exhibit 34.25)

34.47      Computershare Trust Company, National Association, as Trustee of the SeagateCampus Mortgage Loan (Omitted. See Explanatory Notes.)

34.48      Computershare Trust Company, National Association,as Custodian of the Seagate Campus Mortgage Loan (see Exhibit 34.5)

34.49      Park Bridge Lender Services LLC, as OperatingAdvisor of the Seagate Campus Mortgage Loan (see Exhibit 34.6)

34.50      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Oxmoor Center Mortgage Loan(see Exhibit 34.19)

34.51      Greystone Servicing Company LLC, as Special Servicer of the Oxmoor CenterMortgage Loan (Omitted. See Explanatory Notes.)

34.52      Computershare Trust Company, National Association, as Trustee of the OxmoorCenter Mortgage Loan (Omitted. See Explanatory Notes.)

34.53      Computershare Trust Company, National Association,as Custodian of the Oxmoor Center Mortgage Loan (see Exhibit 34.5)

34.54      Park Bridge Lender Services LLC, as OperatingAdvisor of the Oxmoor Center Mortgage Loan (see Exhibit 34.6)

34.55      Wells Fargo Bank, National Association, as PrimaryServicer of the One & Two Commerce Square Mortgage Loan (see Exhibit 34.12)

34.56      LNR Partners, LLC, as Special Servicer of the One& Two Commerce Square Mortgage Loan (see Exhibit 34.2)

34.57      Wilmington Trust, National Association, as Trustee of the One & TwoCommerce Square Mortgage Loan (Omitted. See Explanatory Notes.)

34.58      Computershare Trust Company, National Association,as Custodian of the One & Two Commerce Square Mortgage Loan (see Exhibit34.5)

34.59      Park Bridge Lender Services LLC, as OperatingAdvisor of the One & Two Commerce Square Mortgage Loan (see Exhibit 34.6)

34.60      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the One & Two Commerce Square Mortgage Loan (see Exhibit34.17)

34.61      Wells Fargo Bank, National Association, as PrimaryServicer of the 6330 West Loop South Mortgage Loan (see Exhibit 34.12)

34.62      Greystone Servicing Company LLC, as Special Servicer of the 6330 West LoopSouth Mortgage Loan (Omitted. See Explanatory Notes.)

34.63      Computershare Trust Company, National Association, as Trustee of the 6330 WestLoop South Mortgage Loan (Omitted. See Explanatory Notes.)

34.64      Computershare Trust Company, National Association,as Custodian of the 6330 West Loop South Mortgage Loan (see Exhibit 34.5)

34.65      Pentalpha Surveillance LLC, as Operating Advisorof the 6330 West Loop South Mortgage Loan (see Exhibit 34.28)

34.66      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the 6330 West Loop South Mortgage Loan (see Exhibit 34.17)

34.67      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Fashion Valley Mall MortgageLoan (see Exhibit 34.19)

34.68      LNR Partners, LLC, as Special Servicer of theFashion Valley Mall Mortgage Loan (see Exhibit 34.2)

34.69      Computershare Trust Company, National Association, as Trustee of the FashionValley Mall Mortgage Loan (Omitted. See Explanatory Notes.)

34.70      Computershare Trust Company, National Association,as Custodian of the Fashion Valley Mall Mortgage Loan (see Exhibit 34.5)

34.71      Pentalpha Surveillance LLC, as Operating Advisorof the Fashion Valley Mall Mortgage Loan (see Exhibit 34.28)

34.72      Wells Fargo Bank, National Association, as PrimaryServicer of the CX – 250 Water Street Mortgage Loan (see Exhibit 34.12)

34.73      Argentic Services Company LP, as Special Servicerof the CX – 250 Water Street Mortgage Loan (see Exhibit 34.35)

34.74      Computershare Trust Company, National Association, as Trustee of the CX – 250Water Street Mortgage Loan (Omitted. See Explanatory Notes.)

34.75      Computershare Trust Company, National Association,as Custodian of the CX – 250 Water Street Mortgage Loan (see Exhibit 34.5)

34.76      BellOak, LLC, as Operating Advisor of the CX – 250Water Street Mortgage Loan

34.77      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the CX – 250 Water Street Mortgage Loan (see Exhibit 34.17)

35           Servicer compliance statements.

35.1        KeyBank National Association, as Master Servicer

35.2        LNR Partners, LLC, as Special Servicer

35.3        KeyBank National Association, as Special Servicerof the Ashburn Data Center Mortgage Loan (see Exhibit 35.1)

35.4        Computershare Trust Company, National Association,as Certificate Administrator

35.5        KeyBank National Association, as Primary Servicerof the Healthcare Trust MOB Portfolio Mortgage Loan (see Exhibit 35.1)

35.6        LNR Partners, LLC, as Special Servicer of theHealthcare Trust MOB Portfolio Mortgage Loan (see Exhibit 35.2)

35.7        Wells Fargo Bank, National Association, as PrimaryServicer of the Wyndham National Hotel Portfolio Mortgage Loan

35.8        Rialto Capital Advisors, LLC, as Special Servicer of the Wyndham National HotelPortfolio Mortgage Loan (Omitted. See Explanatory Notes.)

35.9        Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Great Lakes Crossing OutletsMortgage Loan

35.10      LNR Partners, LLC, as Special Servicer of the GreatLakes Crossing Outlets Mortgage Loan (see Exhibit 35.2)

35.11      KeyBank National Association, as Primary Servicerof the Gloucester Premium Outlets Mortgage Loan (see Exhibit 35.1)

35.12      K-Star Asset Management LLC, as Special Servicer of the Gloucester PremiumOutlets Mortgage Loan (Omitted. See Explanatory Notes.)

35.13      KeyBank National Association, as Primary Servicerof the South Lake at Dulles Mortgage Loan (see Exhibit 35.1)

35.14      K-Star Asset Management LLC, as Special Servicer of the South Lake at DullesMortgage Loan (Omitted. See Explanatory Notes.)

35.15      Wells Fargo Bank, National Association, as PrimaryServicer of the Barbours Cut IOS Mortgage Loan (see Exhibit 35.7)

35.16      Argentic Services Company LP, as Special Servicerof the Barbours Cut IOS Mortgage Loan

35.17      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Cross Island Plaza MortgageLoan (see Exhibit 35.9)

35.18      Rialto Capital Advisors, LLC, as Special Servicer of the Cross Island PlazaMortgage Loan (Omitted. See Explanatory Notes.)

35.19      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Seagate Campus Mortgage Loan(see Exhibit 35.9)

35.20      K-Star Asset Management LLC, as Special Servicer of the Seagate Campus MortgageLoan (Omitted. See Explanatory Notes.)

35.21      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Oxmoor Center Mortgage Loan(see Exhibit 35.9)

35.22      Greystone Servicing Company LLC, as Special Servicer of the Oxmoor CenterMortgage Loan (Omitted. See Explanatory Notes.)

35.23      Wells Fargo Bank, National Association, as PrimaryServicer of the One & Two Commerce Square Mortgage Loan (see Exhibit 35.7)

35.24      LNR Partners, LLC, as Special Servicer of the One& Two Commerce Square Mortgage Loan (see Exhibit 35.2)

35.25      Wells Fargo Bank, National Association, as PrimaryServicer of the 6330 West Loop South Mortgage Loan (see Exhibit 35.7)

35.26      Greystone Servicing Company LLC, as Special Servicer of the 6330 West LoopSouth Mortgage Loan (Omitted. See Explanatory Notes.)

35.27      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Fashion Valley Mall MortgageLoan (see Exhibit 35.9)

35.28      LNR Partners, LLC, as Special Servicer of theFashion Valley Mall Mortgage Loan (see Exhibit 35.2)

35.29      Wells Fargo Bank, National Association, as PrimaryServicer of the CX – 250 Water Street Mortgage Loan (see Exhibit 35.7)

35.30       Argentic Services Company LP, as Special Servicer ofthe CX – 250 Water Street Mortgage Loan (see Exhibit 35.16)

99.1        MortgageLoan Purchase Agreement, dated as of July 11, 2023, among Barclays Capital RealEstate Inc., Barclays Capital Holdings Inc. and Barclays Commercial MortgageSecurities LLC (filed as Exhibit 99.1 to the registrant’s Current Report onForm 8-K filed on July 11, 2023 under Commission File No. 333-257737-08 andincorporated by reference herein).

99.2        MortgageLoan Purchase Agreement, dated as of July 11, 2023, between Bank of America,National Association and Barclays Commercial Mortgage Securities LLC (filed asExhibit 99.2 to the registrant’s Current Report on Form 8-K filed on July 11,2023 under Commission File No. 333-257737-08 and incorporated by referenceherein). 

99.3        MortgageLoan Purchase Agreement, dated as of July 11, 2023, between UBS AG, by andthrough its branch office at 1285 Avenue of the Americas, New York, New York,and Barclays Commercial Mortgage Securities LLC (filed as Exhibit 99.3 to theregistrant’s Current Report on Form 8-K filed on July 11, 2023 under CommissionFile No. 333-257737-08 and incorporated by reference herein).

99.4        MortgageLoan Purchase Agreement, dated as of July 11, 2023, between Bank of Montrealand Barclays Commercial Mortgage Securities LLC (filed as Exhibit 99.4 to theregistrant’s Current Report on Form 8-K filed on July 11, 2023 under CommissionFile No. 333-257737-08 and incorporated by reference herein).

99.5        MortgageLoan Purchase Agreement, dated as of July 11, 2023, among Societe GeneraleFinancial Corporation, Société Générale and Barclays Commercial Mortgage SecuritiesLLC (filed as Exhibit 99.5 to the registrant’s Current Report on Form 8-K filedon July 11, 2023 under Commission File No. 333-257737-08 and incorporated byreference herein).

99.6        MortgageLoan Purchase Agreement, dated as of July 11, 2023, between Starwood MortgageCapital LLC and Barclays Commercial Mortgage Securities LLC (filed as Exhibit99.6 to the registrant’s Current Report on Form 8-K filed on July 11, 2023under Commission File No. 333-257737-08 and incorporated by reference herein).

99.7        MortgageLoan Purchase Agreement, dated as of July 11, 2023, between Argentic Real EstateFinance 2 LLC and Barclays Commercial Mortgage Securities LLC (filed as Exhibit99.7 to the registrant’s Current Report on Form 8-K filed on July 11, 2023under Commission File No. 333-257737-08 and incorporated by reference herein).

99.8        MortgageLoan Purchase Agreement, dated as of July 11, 2023, between LMF Commercial, LLCand Barclays Commercial Mortgage Securities LLC (filed as Exhibit 99.8 to theregistrant’s Current Report on Form 8-K filed on July 11, 2023 under CommissionFile No. 333-257737-08 and incorporated by reference herein).

 (b)  The exhibits required to be filed by theRegistrant pursuant to Item 601 of Regulation S-K are listed above.

(c)    Not Applicable.

 

**SIGNATURES**

Pursuant to the requirements of Section 13 or 15(d) of theSecurities Exchange Act of 1934, the registrant has duly caused this report tobe signed on its behalf by the undersigned, thereunto duly authorized.

Barclays Commercial MortgageSecurities LLC(Depositor)

/s/ DanielVinson

DanielVinson, Chief Executive Officer

(senior officer in charge ofsecuritization of the depositor)

Date: March 18, 2024