Debt outstanding
$395M
Fashion Valley Mall
7007 Friars Road · San Diego, CA 92108
Every loan the CMBS tape reports against this building, as each trust filed it. A
building is the grain here, not the loan: this one is collateral in
7 separate trusts,
and the slices below are the pieces of its debt, not four different buildings.
Loan slices
10
Trusts
7
Type
Retail
Square feet
1,377,155
Year built
1969 · renovated 2023
Where the filings differ
Each trust describes the building in its own filing, and these are the fields on
which they do not match. Both spellings are printed with the trust that filed each. Often both
are true — a building sits in one municipality and takes its mail in another — and
where one is simply a misspelling, we do not have a basis to say which.
Square feet
1,611,344 — Benchmark 2023-B39 Mortgage Trust; BBCMS Mortgage Trust 2023-C21; BMO 2023-C6 Mortgage Trust; Benchmark 2023-B40 Mortgage Trust
1,377,155 — BANK 2023-BNK46; MSWF Commercial Mortgage Trust 2023-2; BBCMS 2023-C20
The debt, slice by slice
| Trust | Balance | Rate | Matures | DSCR | NOI | Occupancy | Originator | Servicer | Special servicing |
|---|---|---|---|---|---|---|---|---|---|
| Benchmark 2023-B39 Mortgage Trust · asset 3 | $85M | 5.73% fixed | 2033-06-01 | 3.65 | $97M | 99% | JPMorgan Chase Bank, N.A. | KeyBank Real Estate Capital | No |
| BBCMS Mortgage Trust 2023-C21 · asset 2 | $62M | 5.73% fixed | 2033-06-01 | 3.65 | $97M | 99% | Barclays Capital Real Estate Inc. | — | No |
| BANK 2023-BNK46 · asset 2 | $55M | 5.73% fixed | 2033-06-01 | 3.66 | $97M | 98% | Bank of America, N.A. | Trimont | No |
| BMO 2023-C6 Mortgage Trust · asset 3 | $50M | 5.73% fixed | 2033-06-01 | 3.65 | $97M | 99% | Bank of Montreal | KeyBank Real Estate Capital | No |
| MSWF Commercial Mortgage Trust 2023-2 · asset 3 | $35M | 5.73% fixed | 2033-06-01 | 3.65 | $97M | 98% | Bank of America, N.A. | Trimont | No |
| BBCMS 2023-C20 · asset 1-A-1-3 | $25M | 5.73% fixed | 2033-06-01 | 3.70 | $98M | 46% | Bank of America, N.A. | KeyBank Real Estate Capital | No |
| BBCMS 2023-C20 · asset 1-A-4-2 | $25M | 5.73% fixed | 2033-06-01 | — | — | 46% | Bank of America, N.A. | KeyBank Real Estate Capital | No |
| Benchmark 2023-B40 Mortgage Trust · asset 8 | $25M | 5.73% fixed | 2033-06-01 | 3.65 | $97M | 99% | Bank of America, N.A. | Midland Loan Services | No |
| BBCMS 2023-C20 · asset 1-A-3-3 | $18M | 5.73% fixed | 2033-06-01 | — | — | 85% | Bank of America, N.A. | KeyBank Real Estate Capital | No |
| BBCMS 2023-C20 · asset 1-A-4-3 | $15M | 5.73% fixed | 2033-06-01 | 3.19 | $85M | 85% | Bank of America, N.A. | KeyBank Real Estate Capital | No |
Named tenants
| Tenant | Square feet | Lease expires |
|---|---|---|
| NORDSTROM | 220,486 | 2050-12-31 |
| J.C. Penney OpCo | 220,050 | 2030-12-31 |
| BLOOMINGDALES | 201,502 | 2035-01-31 |
| MACYS | 196,120 | 2026-01-31 |
| AMC Theatres | 51,610 | 2029-12-31 |
| ZARA | 21,726 | 2027-09-30 |
| Arhaus LLC | 19,893 | 2035-11-30 |
The asset-level exhibit names up to three tenants per
slice; where the trusts name different ones, all of them are listed.
- Built from SEC Regulation AB II asset-level filings (Form ABS-EE, Item 1(a) exhibits) as filed by each trust’s depositor. Latest filing on this building: 2026-09-01.
- Rebuilt nightly. A slice that left its pool is excluded by the tape’s own latest-filing cut, so this page shows live debt only.
- “Fashion Valley Mall” is the name used in the offering document (Form 424B2); it is shown only where the filing’s own state matches this building’s.
- Figures are as each trust filed them and are not restated, reconciled or scored here.
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