UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

 Washington, D.C. 20549

 FORM 10-K

 (Mark One)

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

 For the fiscal year ended December 31, 2023

or

 o TRANSITION
REPORT 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: 333-257737-07

 Central Index Key Number of the issuing entity:
0001966434

 BBCMS Mortgage Trust 2023-C19

 (exact name of the issuing entity as specified in its
charter)

 Central Index Key Number of the depositor: 0001541480

 Barclays Commercial Mortgage
Securities LLC

 (exact name of the depositor as specified in its
charter)

 Central Index Key Number of the sponsor: 0001549574

 Barclays Capital Real Estate Inc.

 Central Index Key Number of the sponsor: 0001755531

 Societe Generale Financial
Corporation

 Central Index Key Number of the sponsor: 0001624053

 Argentic Real Estate Finance LLC

 Central Index Key Number of the sponsor: 0001968416

 Argentic Real Estate Finance 2 LLC

 Central Index Key Number of the sponsor: 0001541294

 German American Capital Corporation

 Central Index Key Number of the sponsor: 0000927971

 Bank of Montreal

 Central Index Key Number of the sponsor: 0001592182

 LMF Commercial, LLC

 Central Index Key Number of the sponsor: 0001548405

 Starwood Mortgage Capital LLC

 Central Index Key Number of the sponsor: 0001089877

 KeyBank National Association

 New York

 (State or other jurisdiction of

 incorporation or organization of

 the issuing entity)

 38-4258151

 38-4258152

 38-7292484

 (I.R.S. Employer

 Identification Numbers)

c/o Computershare Trust Company, National Association

 as Certificate Administrator

 9062 Old Annapolis Road

 Columbia, MD

 (Address of principal
executive 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 the
Act: None.

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

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

 Indicate by check mark whether the registrant (1) has filed
all reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such shorter period
that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. Yes o No

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

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

 Large accelerated
filer o
Accelerated filer
o

 Non-accelerated
filer
Smaller reporting
company
o

Emerging growth
company
o

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

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

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

 Indicate by check mark whether any of those error corrections
are restatements that required a recovery analysis of incentive-based
compensation received by any of the registrant's executive officers during the
relevant recovery period pursuant to §240.10D-1(b). o

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

 State the aggregate market value of the voting and non-voting
common equity held by non-affiliates computed by reference to the price at
which the common equity was last sold, or the average bid and asked price of
such common equity, as of the last business day of the registrant's most
recently completed second fiscal quarter.

 Indicate by check mark whether the registrant has filed all
documents and reports required to be filed by Section 12, 13 or 15(d) of the
Securities Exchange Act of 1934 subsequent to the distribution of securities
under a plan confirmed by a court. o
Yes o
No

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

 DOCUMENTS INCORPORATED BY REFERENCE

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

 EXPLANATORY NOTES

 The Gloucester Premium Outlets Mortgage Loan,
the South Lake at Dulles Mortgage Loan and the Latitude at South Portland
Mortgage Loan, which constituted approximately 5.9%, 4.7% and 3.3%,
respectively, of the asset pool of the issuing entity as of its cut-off date,
are each an asset of the issuing entity and are each part of a loan combination
that includes (a) with respect to the Gloucester Premium Outlets Mortgage Loan,
two other pari passu loans, which are not assets of the issuing entity,
(b) with respect to the South Lake at Dulles Mortgage Loan, two other pari
passu loans, which are not assets of the issuing entity and (c) with
respect to the Latitude at South Portland Mortgage Loan, one other pari
passu loan, which is not an asset of the issuing entity. These loan
combinations, including the Gloucester Premium Outlets Mortgage Loan, the South
Lake at Dulles Mortgage Loan and the Latitude at South Portland Mortgage Loan,
are being serviced and administered pursuant to the Pooling and Servicing
Agreement, which is incorporated by reference as Exhibit 4.1 to this Annual
Report on Form 10-K.

exhibits provided by certain parties (in their capacities indicated on the Exhibit
Index) with respect to The Showboat Hotel Mortgage Loan, which constituted
approximately 2.8% of the asset pool of the issuing entity as of its cut-off
date. The Showboat Hotel Mortgage Loan is an asset of the issuing entity
and is part of a loan combination that includes The Showboat Hotel Mortgage
Loan and one other pari passu loan, which is not an asset of the issuing
entity. The other pari passu portion of the loan combination was
securitized in the BBCMS Mortgage Trust 2022-C18 transaction, Commission File
Number 333-257737-06 (the " BBCMS 2022-C18 Transaction "). This loan
combination, including The Showboat Hotel Mortgage Loan, is being serviced and
administered pursuant to the pooling and servicing agreement for the BBCMS
2022-C18 Transaction, which is incorporated by reference as Exhibit 4.2 to this
Annual Report on Form 10-K.

Exhibit Index) with respect to the Stoney Creek Hotel Portfolio Mortgage Loan,
which constituted approximately 1.6% of the asset pool of the issuing entity as
of its cut-off date. The Stoney Creek Hotel Portfolio Mortgage Loan is an
asset of the issuing entity and is part of a loan combination that includes the
Stoney Creek Hotel Portfolio Mortgage Loan and one other pari passu
loan, which is not an asset of the issuing entity. The other pari passu
portion of the loan combination was securitized in the BMO 2023-C4 Mortgage
Trust transaction, Commission File Number 333-255934-04 (the " BMO 2023-C4
Transaction "). This loan combination, including the Stoney Creek Hotel
Portfolio Mortgage Loan, is being serviced and administered pursuant to the
pooling and servicing agreement for the BMO 2023-C4 Transaction, which is
incorporated by reference as Exhibit 4.3 to this Annual Report on Form 10-K.

Exhibit Index) with respect to the Brandywine Strategic Office Portfolio
Mortgage Loan, the Sentinel Square II Mortgage Loan and the 575 Broadway
Mortgage Loan, which constituted approximately 4.6%, 3.5% and 3.4%,
respectively, of the asset pool of the issuing entity as of its cut-off
date. The Brandywine Strategic Office Portfolio Mortgage Loan, the
Sentinel Square II Mortgage Loan and the 575 Broadway Mortgage Loan are each an
asset of the issuing entity and are each part of a loan combination that
includes (a) with respect to the Brandywine Strategic Office Portfolio Mortgage
Loan, eleven other pari passu loans, which are not assets of the issuing
entity, (b) with respect to the Sentinel Square II Mortgage Loan, four other pari
passu loans, which are not assets of the issuing entity or (c) with respect
to the 575 Broadway Mortgage Loan, five other pari passu loans, which
are not assets of the issuing entity. A pari passu portion of each loan
combination was securitized in the FIVE 2023-V1 Mortgage Trust transaction,
Commission File Number 333-260277-02 (the " FIVE 2023-V1 Transaction ").
These loan combinations, including the Brandywine Strategic Office Portfolio
Mortgage Loan, the Sentinel Square II Mortgage Loan and the 575 Broadway
Mortgage Loan, are being serviced and administered pursuant to the pooling and
servicing agreement for the FIVE 2023-V1 Transaction, which is incorporated by
reference as Exhibit 4.4 to this Annual Report on Form 10-K.

Exhibit Index) with respect to the Oak Street NLP Fund Portfolio Mortgage Loan,
which constituted approximately 2.6% of the asset pool of the issuing entity as
of its cut-off date. The Oak Street NLP Fund Portfolio Mortgage Loan is
an asset of the issuing entity and is part of a loan combination that includes
the Oak Street NLP Fund Portfolio Mortgage Loan, six other pari passu
loans and two subordinate companion loans, which are not assets of the issuing
entity. A pari passu portion of the loan combination was securitized in
the OAKST Commercial Mortgage Trust 2023-NLP transaction (the " OAKST
2023-NLP Transaction "). This loan combination, including the Oak Street NLP
Fund Portfolio Mortgage Loan, is being serviced and administered pursuant to
the trust and servicing agreement for the OAKST 2023-NLP Transaction, which is
incorporated by reference as Exhibit 4.5 to this Annual Report on Form 10-K.

Exhibit Index) with respect to the Scottsdale Fashion Square Mortgage Loan,
which constituted approximately 7.7% of the asset pool of the issuing entity as
of its cut-off date. The Scottsdale Fashion Square Mortgage Loan is an
asset of the issuing entity and is part of a loan combination that includes the
Scottsdale Fashion Square Mortgage Loan and eight other pari passu
loans, which are not assets of the issuing entity. A pari passu portion
of the loan combination was securitized in the SCOTT Trust 2023-SFS transaction
(the " SCOTT 2023-SFS Transaction "). This loan combination,
including the Scottsdale Fashion Square Mortgage Loan, is being serviced and
administered pursuant to the trust and servicing agreement for the SCOTT
2023-SFS Transaction, which is incorporated by reference as Exhibit 4.6 to this
Annual Report on Form 10-K.

Exhibit Index) with respect to the Pacific Design Center Mortgage Loan, which
constituted approximately 7.7% of the asset pool of the issuing entity as of
its cut-off date. The Pacific Design Center Mortgage Loan is an asset of
the issuing entity and is part of a loan combination that includes the Pacific
Design Center Mortgage Loan, seven other pari passu loans and one
subordinate companion loan, which are not assets of the issuing entity. A pari
passu portion of the loan combination was securitized in the Benchmark
2023-B38 Mortgage Trust transaction, Commission File Number 333-260277-04 (the
" Benchmark 2023-B38 Transaction "). This loan combination, including the
Pacific Design Center Mortgage Loan, is being serviced and administered
pursuant to the pooling and servicing agreement for the Benchmark 2023-B38
Transaction, which is incorporated by reference as Exhibit 4.7 to this Annual
Report on Form 10-K.

Exhibit Index) with respect to the Rialto Industrial Mortgage Loan and the 100
Jefferson Road Mortgage Loan, which constituted approximately 5.7% and 4.5%,
respectively, of the asset pool of the issuing entity as of its cut-off
date. The Rialto Industrial Mortgage Loan and 100 Jefferson Road Mortgage
Loan are each an asset of the issuing entity and are each part of a loan combination
that includes (a) with respect to the Rialto Industrial Mortgage Loan, six
other pari passu loans, which are not assets of the issuing entity or
(b) with respect to the 100 Jefferson Road Mortgage Loan, two other pari
passu loans, which are not assets of the issuing entity. The Rialto
Industrial loan combination, including the Rialto Industrial Mortgage Loan, was
serviced under the pooling and servicing agreement for the BBCMS 2022-C18
Transaction, and the 100 Jefferson Road loan combination, including the 100
Jefferson Road Mortgage Loan, was serviced under the pooling and servicing
agreement for the Benchmark 2023-B38 Transaction prior to the closing of the
securitization of a pari passu portion of the Rialto Industrial loan
combination and the 100 Jefferson Road loan combination in the MSWF Commercial
Mortgage Trust 2023-1 transaction, Commission File Number 333-259741-05 (the " MSWF
2023-1 Transaction "). After the closing of the MSWF 2023-1
Transaction on May 25, 2023, these loan combinations, including the Rialto
Industrial Mortgage Loan and the 100 Jefferson Road Mortgage Loan were, and
will continue to be, serviced and administered pursuant to the pooling and
servicing agreement with respect to the MSWF 2023-1 Transaction, which is
incorporated by reference as Exhibit 4.8 to this Annual Report on Form 10-K.

Exhibit Index) with respect to the Green Acres Mortgage Loan, which constituted
approximately 5.5% of the asset pool of the issuing entity as of its cut-off
date. The Green Acres Mortgage Loan is an asset of the issuing entity and
is part of a loan combination that includes the Green Acres Mortgage Loan and
sixteen other pari passu loans, which are not assets of the issuing
entity. This loan combination, including the Green Acres Mortgage Loan, was
serviced under the pooling and servicing agreement for the BMO 2023-C4
Transaction prior to the closing of the securitization of a pari passu
portion of the Green Acres loan combination in the Benchmark 2023-V2 Mortgage
Trust transaction, Commission File Number 333-262701-03 (the " Benchmark
2023-V2 Transaction "). After the closing of the Benchmark 2023-V2
Transaction on May 25, 2023, this loan combination, including the Green Acres
Mortgage Loan was, and will continue to be, serviced and administered pursuant
to the pooling and servicing agreement with respect to the Benchmark 2023-V2
Transaction, which is incorporated by reference as Exhibit 4.9 to this Annual
Report on Form 10-K.

Exhibit Index) with respect to the Orizon Aerostructures Mortgage Loan, which
constituted approximately 1.4% of the asset pool of the issuing entity as of
its cut-off date. The Orizon Aerostructures Mortgage Loan is an asset of
the issuing entity and is part of a loan combination that includes the Orizon
Aerostructures Mortgage Loan and four other pari passu loans, which are not
assets of the issuing entity. This loan combination, including the Orizon
Aerostructures Mortgage Loan, was serviced under the pooling and servicing
agreement for the BMO 2023-C4 Transaction prior to the closing of the
securitization of a pari passu portion of the Orizon Aerostructures loan
combination in the BMO 2023-C5 Mortgage Trust transaction, Commission File
Number 333-255934-05 (the " BMO 2023-C5 Transaction "). After the
closing of the BMO 2023-C5 Transaction on June 21, 2023, this loan combination,
including the Orizon Aerostructures Mortgage Loan was, and will continue to be,
serviced and administered pursuant to the pooling and servicing agreement with
respect to the BMO 2023-C5 Transaction, which is incorporated by reference as
Exhibit 4.10 to this Annual Report on Form 10-K.

 The master servicer of a pooling
and servicing agreement or trust and servicing agreement also functions as the
primary servicer of the related mortgage loans serviced and administered
pursuant to such agreement unless a separate primary servicer is identified
herein. If this report does not identify a separate primary servicer, the
servicer compliance statement provided by the master servicer under any such
agreement also encompasses its responsibilities as primary servicer of the
related mortgage loan or mortgage loans.

 KeyBank National Association is
the master servicer of the mortgage loans serviced under the Pooling and
Servicing Agreement, the primary servicer of the Oak Street NLP Fund Portfolio
Mortgage Loan and the special servicer of the Scottsdale Fashion Square
Mortgage Loan. As a result, KeyBank National Association is a "servicer" as
defined in Item 1108(a)(2)(iii) of Regulation AB, in the capacities described
above, because it is servicing mortgage loans that constituted 10% or more of
the assets of the issuing entity as of its cut-off date. The assessments of
compliance with applicable servicing criteria, accountants' attestation reports
and servicer compliance statements delivered by KeyBank National Association in
the capacities described above are listed in the Exhibit Index.

 Computershare Trust Company,
National Association is the custodian of the mortgage loans serviced under the
Pooling and Servicing Agreement, the Scottsdale Fashion Square Mortgage Loan,
the Pacific Design Center Mortgage Loan, the Rialto Industrial Mortgage Loan,
the Green Acres Mortgage Loan, the Brandywine Strategic Office Portfolio
Mortgage Loan, the 100 Jefferson Road Mortgage Loan, the Sentinel Square II
Mortgage Loan, the 575 Broadway Mortgage Loan, The Showboat Hotel Mortgage
Loan, the Oak Street NLP Fund Portfolio Mortgage Loan, the Stoney Creek Hotel
Portfolio Mortgage Loan and the Orizon Aerostructures Mortgage Loan. As a
result, Computershare Trust Company, National Association is a servicing
function participant in the capacities described above, because it is servicing
mortgage loans that constituted 5% or more of the assets of the issuing entity
as of its cut-off date. The assessments of compliance with applicable servicing
criteria and accountants' attestation reports delivered by Computershare Trust
Company, National Association in the capacities described above are listed in
the Exhibit Index.

 Pentalpha Surveillance LLC is the
operating advisor of the mortgage loans serviced under the Pooling and
Servicing Agreement, the Rialto Industrial Mortgage Loan, the 100 Jefferson
Road Mortgage Loan, the Oak Street NLP Fund Portfolio Mortgage Loan and the
Stoney Creek Hotel Portfolio Mortgage Loan. As a result, Pentalpha Surveillance
LLC is a servicing function participant in the capacities described above,
because it is servicing mortgage loans that constituted 5% or more of the
assets of the issuing entity as of its cut-off date. The assessments of
compliance with applicable servicing criteria and accountants' attestation
reports delivered by Pentalpha Surveillance LLC in the capacities described
above are listed in the Exhibit Index.

 Midland Loan Services, a Division
of PNC Bank, National Association is the primary servicer of the Pacific Design
Center Mortgage Loan, the Green Acres Mortgage Loan, the Brandywine Strategic
Office Portfolio Mortgage Loan, the Sentinel Square II Mortgage Loan, the 575
Broadway Mortgage Loan, The Showboat Hotel Mortgage Loan, the Stoney Creek
Hotel Portfolio Mortgage Loan and the Orizon Aerostructures Mortgage Loan. As a
result, Midland Loan Services, a Division of PNC Bank, National Association is
a "servicer" as defined in Item 1108(a)(2)(iii) of Regulation AB, in the
capacities described above, because it is servicing mortgage loans that
constituted 10% or more of the assets of the issuing entity as of its cut-off
date. The assessments of compliance with applicable servicing criteria,
accountants' attestation reports and servicer compliance statements delivered
by Midland Loan Services, a Division of PNC Bank, National Association in the
capacities described above are listed in the Exhibit Index.

 Park Bridge Lender Services LLC is
the operating advisor of the Scottsdale Fashion Square Mortgage Loan, the
Pacific Design Center Mortgage Loan, the Brandywine Strategic Office Portfolio
Mortgage Loan, the Sentinel Square II Mortgage Loan, the 575 Broadway Mortgage
Loan, The Showboat Hotel Mortgage Loan and the Orizon Aerostructures Mortgage
Loan. As a result, Park Bridge Lender Services LLC is a servicing
function participant in the capacities described above, because it is servicing
mortgage loans that constituted 5% or more of the assets of the issuing entity
as of its cut-off date. The assessments of compliance with applicable servicing
criteria and accountants' attestation reports delivered by Park Bridge Lender
Services LLC in the capacities described above are listed in the Exhibit Index.

 LNR Partners, LLC is an affiliate
of Starwood Mortgage Funding LLC, one of the sponsors. Therefore, the
Depositor included in this Annual Report on Form 10-K a servicer compliance
statement for LNR Partners, LLC pursuant to Item 1123. Because LNR
Partners, LLC is servicing less than 5% of the pool assets, an assessment of
compliance with applicable servicing criteria and an accountants' attestation
report pursuant to Item 1122 of Regulation AB are not required by Regulation
AB. As the attestation made in the servicer compliance statement required
by Item 1123 relates to a review of the servicing activities of LNR Partners,
LLC under the applicable servicing agreement, and that review was conducted in
conjunction with the servicer's preparation of its assessment of compliance
with applicable servicing criteria, that assessment of compliance with
applicable servicing criteria and the accompanying accountants' attestation
report are included in this Annual Report on Form 10-K for the sake of
completeness.

 Greystone Servicing Company LLC is
the special servicer of the Brandywine Strategic Office Portfolio Mortgage
Loan, the Sentinel Square II Mortgage Loan and the 575 Broadway Mortgage Loan.
As a result, Greystone Servicing Company LLC is a "servicer" as defined in Item
1108(a)(2)(iii) of Regulation AB, in the capacities described above, because it
is servicing mortgage loans that constituted 10% or more of the assets of the
issuing entity as of its cut-off date. The assessments of compliance with
applicable servicing criteria, accountants' attestation reports and servicer compliance
statements delivered by Greystone Servicing Company LLC in the capacities
described above are listed in the Exhibit Index.

 Argentic Services Company LP is
the special servicer of the Pacific Design Center Mortgage Loan, the Rialto
Industrial Mortgage Loan and the 100 Jefferson Road Mortgage Loan. As a result,
Argentic Services Company LP is a "servicer" as defined in Item 1108(a)(2)(iii)
of Regulation AB, in the capacities described above, because it is servicing
mortgage loans that constituted 10% or more of the assets of the issuing entity
as of its cut-off date. The assessments of compliance with applicable servicing
criteria, accountants' attestation reports and servicer compliance statements
delivered by Argentic Services Company LP in the capacities described above are
listed in the Exhibit Index.

 Wells Fargo Bank, National
Association is the primary servicer of the Rialto Industrial Mortgage Loan and
the 100 Jefferson Road Mortgage Loan. As a result, Wells Fargo Bank, National
Association is a "servicer" as defined in Item 1108(a)(2)(iii) of Regulation
AB, in the capacities described above, because it is servicing mortgage loans
that constituted 10% or more of the assets of the issuing entity as of its
cut-off date. The assessments of compliance with applicable servicing criteria,
accountants' attestation reports and servicer compliance statements delivered
by Wells Fargo Bank, National Association in the capacities described above are
listed in the Exhibit Index.

 Computershare Trust Company, National
Association acts as trustee of the Gloucester Premium Outlets Mortgage Loan,
the South Lake at Dulles Mortgage Loan, the Latitude at South Portland Mortgage
Loan, The Showboat Hotel Mortgage Loan, the Stoney Creek Hotel Portfolio
Mortgage Loan, the Brandywine Strategic Office Portfolio Mortgage Loan, the
Sentinel Square II Mortgage Loan, the 575 Broadway Mortgage Loan, the Oak
Street NLP Fund Portfolio Mortgage Loan, the Pacific Design Center Mortgage
Loan, the Rialto Industrial Mortgage Loan, the 100 Jefferson Road Mortgage
Loan, the Green Acres Mortgage Loan and the Orizon Aerostructures Mortgage
Loan. Pursuant to the Pooling and Servicing Agreement, the pooling and
servicing agreement for the BBCMS 2022-C18 Transaction, the pooling and servicing
agreement for the BMO 2023-C4 Transaction, the pooling and servicing agreement
for the FIVE 2023-V1 Transaction, the trust and servicing agreement for the
OAKST 2023-NLP Transaction, the pooling and servicing agreement for the
Benchmark 2023-B38 Transaction, the pooling and servicing agreement for the
MSWF 2023-1 Transaction, the pooling and servicing agreement for the Benchmark
2023-V2 Transaction and the pooling and servicing agreement for the BMO 2023-C5
Transaction, the trustee is required to provide an assessment of compliance
with applicable servicing criteria solely with respect to Item 1122(d)(2)(iii)
of Regulation AB (regarding advances of funds or guarantees regarding
collections, cash flows or distributions, and any interest or other fees
charged for such advances, are made, reviewed and approved as specified in the
transaction agreements). However, during the reporting period, the trustee did
not perform any servicing function with respect to the servicing criteria
specified in Item 1122(d)(2)(iii) of Regulation AB. The master servicer
or the special servicer, to the extent required, performed the servicing
function identified with respect to Item 1122(d)(2)(iii) of Regulation AB, and
each such party included Item 1122(d)(2)(iii) of Regulation AB in the
assessment of compliance with applicable servicing criteria and accountant's
attestation report for the subject transaction. As a result, this Annual
Report on Form 10-K does not include an assessment of compliance with
applicable servicing criteria of the trustee. One or more other servicers of
the Gloucester Premium Outlets Mortgage Loan, the South Lake at Dulles Mortgage
Loan, the Latitude at South Portland Mortgage Loan, The Showboat Hotel Mortgage
Loan, the Stoney Creek Hotel Portfolio Mortgage Loan, the Brandywine Strategic
Office Portfolio Mortgage Loan, the Sentinel Square II Mortgage Loan, the 575
Broadway Mortgage Loan, the Oak Street NLP Fund Portfolio Mortgage Loan, the
Pacific Design Center Mortgage Loan, the Rialto Industrial Mortgage Loan, the
100 Jefferson Road Mortgage Loan, the Green Acres Mortgage Loan and the Orizon
Aerostructures Mortgage Loan have delivered one or more assessments of
compliance with respect to Item 1122(d)(2)(iii) of Regulation AB.

 Wilmington Trust, National
Association acts as trustee of the Scottsdale Fashion Square Mortgage
Loan. Pursuant to the trust and servicing agreement for the SCOTT
2023-SFS Transaction, the trustee is required to provide an assessment of compliance
with applicable servicing criteria solely with respect to Item 1122(d)(2)(iii)
of Regulation AB (regarding advances of funds or guarantees regarding
collections, cash flows or distributions, and any interest or other fees
charged for such advances, are made, reviewed and approved as specified in the
transaction agreements). However, during the reporting period, the trustee did
not perform any servicing function with respect to the servicing criteria
specified in Item 1122(d)(2)(iii) of Regulation AB. The master servicer
or the special servicer, to the extent required, performed the servicing
function identified with respect to Item 1122(d)(2)(iii) of Regulation AB, and
each such party included Item 1122(d)(2)(iii) of Regulation AB in the
assessment of compliance with applicable servicing criteria and accountant's
attestation report for the subject transaction. As a result, this Annual
Report on Form 10-K does not include an assessment of compliance with
applicable servicing criteria of the trustee. One or more other servicers of
the Scottsdale Fashion Square Mortgage Loan have delivered one or more
assessments of compliance with respect to Item 1122(d)(2)(iii) of Regulation
AB.

 This Annual Report on Form 10-K
includes assessments of compliance with applicable servicing criteria and
accountants' attestation reports from CoreLogic Solutions, LLC. This
entity was engaged by the primary servicer of the Rialto Industrial Mortgage
Loan and the 100 Jefferson Road Mortgage Loan to remit tax payments received
from the escrow accounts of borrowers to local taxing authorities, to report
tax amounts due, to verify tax parcel information, and to verify non-escrow tax
payments. These servicing functions are included within the servicing criteria
set forth in 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, this vendor is a "servicer" for the purposes of Item 1122 of
Regulation AB. See Compliance and Disclosure Interpretations,
Section 301.01 (Item 1101(j)).

 The
assessments of compliance with applicable servicing criteria, accountants'
attestation reports and servicer compliance statements of the certificate administrator
of The Showboat Hotel Mortgage Loan, the Stoney Creek Hotel Portfolio Mortgage
Loan, the Brandywine Strategic Office Portfolio Mortgage Loan, the Sentinel
Square II Mortgage Loan, the 575 Broadway Mortgage Loan, the Oak Street NLP
Fund Portfolio Mortgage Loan, the Scottsdale Fashion Square Mortgage Loan, the
Pacific Design Center Mortgage Loan, the Rialto Industrial Mortgage Loan, the
Green Acres Mortgage Loan, the 100 Jefferson Road Mortgage Loan and the Orizon
Aerostructures Mortgage Loan are omitted from this Annual Report on Form 10-K
as the certificate administrator pursuant to the related pooling and servicing
agreement or trust and servicing agreement does not perform any activities that
address servicing criteria with respect to the issuing entity and because they
are each not a "servicer" that meets the criteria in Item 1108(a)(2)(i) through
(iii) of Regulation AB.

 With respect to the pari passu
loan combinations that include The Showboat Hotel Mortgage Loan, the Orizon
Aerostructures Mortgage Loan, the Oak Street NLP Fund Portfolio Mortgage Loan,
the Scottsdale Fashion Square Mortgage Loan and the Green Acres Mortgage Loan,
(i) the reports on assessment of compliance with servicing criteria and
attestation reports on assessment of compliance with servicing criteria of
Rialto Capital Advisors, LLC as special servicer of The Showboat Hotel Mortgage
Loan and the Orizon Aerostructures Mortgage Loan and Situs Holdings, LLC as
special servicer of the Oak Street NLP Fund Portfolio Mortgage Loan, listed on
the Exhibit Index are omitted from this Annual Report on Form 10-K as they are
not required to be included on this Annual Report on Form 10-K per Instruction
3 to Item 1122 of Regulation AB because they are parties performing activities
that address servicing criteria relating to 5% or less of the assets of the
issuing entity; and (ii) the servicer compliance statements of Rialto Capital
Advisors, LLC as special servicer of The Showboat Hotel Mortgage Loan and the
Orizon Aerostructures Mortgage Loan, Situs Holdings, LLC as special servicer of
the Oak Street NLP Fund Portfolio Mortgage Loan, Berkadia Commercial Mortgage
LLC as primary servicer of the Scottsdale Fashion Square Mortgage Loan and 3650
REIT Loan Servicing LLC as special servicer of the Green Acres Mortgage Loan,
listed on the Exhibit Index are omitted from this Annual Report on Form 10-K as
they are not required by Item 1123 of Regulation AB to be included on this
Annual Report on Form 10-K because they are each an unaffiliated party that is
not a "servicer" that meets the criteria in Item 1108(a)(2)(i) through (iii) of
Regulation AB.

 Item 1. Business.

 Item 1A. Risk Factors.

 Item 1B. Unresolved Staff Comments.

 None.

 Item 1C. Cybersecurity.

 Item 2. Properties.

 Item 3. Legal Proceedings.

 Item 4. Mine Safety Disclosures.

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

 Item 6. [Reserved]

 Item 7. Management's Discussion and Analysis of
Financial Condition and Results of Operations.

 Item 7A. Quantitative and Qualitative Disclosures
About Market Risk.

 Item 8. Financial Statements and Supplementary Data.

 Item 9. Changes in and Disagreements With
Accountants on Accounting and Financial Disclosure.

 Item 9A. Controls and Procedures.

 Item 9B. Other Information.

 None.

 Item 9C. Disclosure Regarding Foreign Jurisdictions
that Prevent Inspections.

 None.

 Item 10. Directors, Executive Officers and Corporate
Governance.

 Item 11. Executive Compensation.

 Item 12. Security Ownership of Certain Beneficial
Owners and Management and Related Stockholder Matters.

 Item 13. Certain Relationships and Related
Transactions, and Director Independence.

 Item 14. Principal Accountant Fees and Services.

 ADDITIONAL DISCLOSURE ITEMS FOR REGULATION AB

 Item 1112(b) of Regulation AB, Significant Obligor
Financial Information.

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

 Item 1114(b)(2) of Regulation AB, Significant Enhancement
Provider Financial Information.

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

 Item 1115(b) of Regulation AB, Certain Derivatives
Instruments (Financial Information).

 No entity or group of affiliated entities provides any
derivative instruments or other support for the certificates within this
transaction as described under Item 1115 of Regulation AB.

 Item 1117 of Regulation AB, Legal Proceedings.

 The registrant knows of no material pending legal proceeding
involving the trust or any party related to the trust, other than routine
litigation incidental to the duties of those respective parties.

 Item 1119 of Regulation AB, Affiliations and Certain Relationships
and Related Transactions.

 The information regarding this Item has been previously
provided in the prospectus of the Registrant relating to the issuing entity
filed on April 27, 2023 pursuant to Rule 424(b)(2).

 Item 1122 of Regulation AB, Compliance with Applicable
Servicing Criteria.

assessments of compliance with respect to the mortgage loans are attached hereto
under Item 15 to this Annual Report on Form 10-K. Attached as Exhibit AA to the
Pooling and Servicing Agreement incorporated by reference as Exhibit 4.1 to
this Annual Report on Form 10-K is a chart identifying the entities
participating in a servicing function for the transaction responsible for each
applicable servicing criteria set forth in Item 1122(d).

assessments of compliance with respect to The Showboat Hotel Mortgage Loan,
which is being serviced and administered pursuant to the pooling and servicing
agreement for the BBCMS 2022-C18 Transaction, are attached hereto under Item 15
to this Annual Report on Form 10-K. Attached as Exhibit AA to the pooling and
servicing agreement for the BBCMS 2022-C18 Transaction incorporated by
reference as Exhibit 4.2 to this Annual Report on Form 10-K is a chart
identifying the entities participating in a servicing function for the BBCMS
2022-C18 Transaction responsible for each applicable servicing criteria set
forth in Item 1122(d).

assessments of compliance with respect to the Stoney Creek Hotel Portfolio
Mortgage Loan, which is being serviced and administered pursuant to the pooling
and servicing agreement for the BMO 2023-C4 Transaction, are attached hereto
under Item 15 to this Annual Report on Form 10-K. Attached as Exhibit O to the
pooling and servicing agreement for the BMO 2023-C4 Transaction incorporated by
reference as Exhibit 4.3 to this Annual Report on Form 10-K is a chart
identifying the entities participating in a servicing function for the BMO
2023-C4 Transaction responsible for each applicable servicing criteria set
forth in Item 1122(d).

assessments of compliance with respect to the Brandywine Strategic Office
Portfolio Mortgage Loan, the Sentinel Square II Mortgage Loan and the 575
Broadway Mortgage Loan, which are being serviced and administered pursuant to
the pooling and servicing agreement for the FIVE 2023-V1 Transaction, are
attached hereto under Item 15 to this Annual Report on Form 10-K. Attached as
Schedule II to the pooling and servicing agreement for the FIVE 2023-V1
Transaction incorporated by reference as Exhibit 4.4 to this Annual Report on
Form 10-K is a chart identifying the entities participating in a servicing
function for the FIVE 2023-V1 Transaction responsible for each applicable
servicing criteria set forth in Item 1122(d).

assessments of compliance with respect to the Oak Street NLP Fund Portfolio
Mortgage Loan, which is being serviced and administered pursuant to the trust
and servicing agreement for the OAKST 2023-NLP Transaction, are attached hereto
under Item 15 to this Annual Report on Form 10-K. Attached as Exhibit L to the
trust and servicing agreement for the OAKST 2023-NLP Transaction incorporated
by reference as Exhibit 4.5 to this Annual Report on Form 10-K is a chart
identifying the entities participating in a servicing function for the OAKST
2023-NLP Transaction responsible for each applicable servicing criteria set
forth in Item 1122(d).

assessments of compliance with respect to the Scottsdale Fashion Square
Mortgage Loan, which is being serviced and administered pursuant to the trust
and servicing agreement for the SCOTT 2023-SFS Transaction, are attached
hereto under Item 15 to this Annual Report on Form 10-K. Attached as Exhibit L
to the trust and servicing agreement for the SCOTT 2023-SFS Transaction
incorporated by reference as Exhibit 4.6 to this Annual Report on Form 10-K is
a chart identifying the entities participating in a servicing function for the
SCOTT 2023-SFS Transaction responsible for each applicable servicing
criteria set forth in Item 1122(d).

assessments of compliance with respect to the Pacific Design Center Mortgage
Loan, which is being serviced and administered pursuant to the pooling and servicing
agreement for the Benchmark 2023-B38 Transaction, are attached hereto under
Item 15 to this Annual Report on Form 10-K. Attached as Schedule II to the
pooling and servicing agreement for the Benchmark 2023-B38 Transaction
incorporated by reference as Exhibit 4.7 to this Annual Report on Form 10-K is
a chart identifying the entities participating in a servicing function for the
Benchmark 2023-B38 Transaction responsible for each applicable servicing
criteria set forth in Item 1122(d).

assessments of compliance with respect to the Rialto Industrial Mortgage Loan
and the 100 Jefferson Road Mortgage Loan, which are being serviced and
administered pursuant to the pooling and servicing agreement for the MSWF
2023-1 Transaction, are attached hereto under Item 15 to this Annual Report on
Form 10-K. Attached as Exhibit Z to the pooling and servicing agreement for the
MSWF 2023-1 Transaction incorporated by reference as Exhibit 4.8 to this Annual
Report on Form 10-K is a chart identifying the entities participating in a
servicing function for the MSWF 2023-1 Transaction responsible for each
applicable servicing criteria set forth in Item 1122(d).

assessments of compliance with respect to the Green Acres Mortgage Loan, which
is being serviced and administered pursuant to the pooling and servicing
agreement for the Benchmark 2023-V2 Transaction, are attached hereto under Item
15 to this Annual Report on Form 10-K. Attached as Exhibit O to the pooling and
servicing agreement for the Benchmark 2023-V2 Transaction incorporated by
reference as Exhibit 4.9 to this Annual Report on Form 10-K is a chart
identifying the entities participating in a servicing function for the
Benchmark 2023-V2 Transaction responsible for each applicable servicing
criteria set forth in Item 1122(d).

assessments of compliance with respect to the Orizon Aerostructures Mortgage
Loan, which is being serviced and administered pursuant to the pooling and
servicing agreement for the BMO 2023-C5 Transaction, are attached hereto under
Item 15 to this Annual Report on Form 10-K. Attached as Exhibit O to the
pooling and servicing agreement for the BMO 2023-C5 Transaction incorporated by
reference as Exhibit 4.10 to this Annual Report on Form 10-K is a chart
identifying the entities participating in a servicing function for the BMO
2023-C5 Transaction responsible for each applicable servicing criteria set
forth in Item 1122(d).

 Item 1123 of Regulation AB, Servicer Compliance Statement.

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

 Item 15. Exhibit and Financial Statement Schedules

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

 (1) Not applicable

 (2) Not applicable

 (3) See below

 4.1
and Servicing Agreement, dated as of April 1, 2023, among Barclays Commercial
Mortgage Securities LLC, as Depositor, KeyBank National Association, as Master
Servicer, K-Star Asset Management LLC, as Special Servicer, Computershare Trust
Company, National Association, as Certificate Administrator and as Trustee, and
Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations
Reviewer (filed as Exhibit 4.1 to the registrant's Current Report on Form 8-K
filed on April 27, 2023 under Commission File No. 333-257737-07 and
incorporated by reference herein).

 4.2
and Servicing Agreement, dated as of December 1, 2022, between Barclays
Commercial Mortgage Securities LLC, as Depositor, Midland Loan Services, a
Division of PNC Bank, National Association, as Master Servicer, Rialto Capital
Advisors, LLC, as Special Servicer, Computershare Trust Company, National
Association, as Certificate Administrator and as Trustee, and Park Bridge
Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer
(filed as Exhibit 4.4 to the registrant's Current Report on Form 8-K filed on

 4.3
and Servicing Agreement, dated as of February 1, 2023, among BMO Commercial
Mortgage Securities LLC, as Depositor, Midland Loan Services, a Division of PNC
Bank, National Association, as Master Servicer, LNR Partners, LLC, as Special
Servicer, Pentalpha Surveillance LLC, as Operating Advisor and Asset
Representations Reviewer, Computershare Trust Company, National Association, as
Certificate Administrator, and Computershare Trust Company, National
Association, as Trustee (filed as Exhibit 4.5 to the registrant's Current
Report on Form 8-K filed on April 27, 2023 under Commission File No.

 4.4
and Servicing Agreement, dated as of February 1, 2023, between Deutsche
Mortgage & Asset Receiving Corporation, as Depositor, Midland Loan
Services, a Division of PNC Bank, National Association, as Master Servicer,
Greystone Servicing Company LLC, as Special Servicer, Computershare Trust
Company, N.A, as Trustee, Computershare Trust Company, N.A, as Certificate
Administrator, Paying Agent and Custodian, and Park Bridge Lender Services LLC,
as Operating Advisor and Asset Representations Reviewer (filed as Exhibit 4.6
to the registrant's Current Report on Form 8-K filed on April 27, 2023 under

 4.5
 Trust
and Servicing Agreement, dated as of February 28, 2023, among Wells Fargo
Commercial Mortgage Securities, Inc., as Depositor, KeyBank National
Association, as Servicer, Situs Holdings, LLC, as Special Servicer,
Computershare Trust Company, National Association, as Certificate
Administrator, Computershare Trust Company, National Association, as Trustee,
and Pentalpha Surveillance LLC, as Operating Advisor (filed as Exhibit 4.7 to
the registrant's Current Report on Form 8-K filed on April 27, 2023 under

 4.6
 Trust
and Servicing Agreement, dated as of March 17, 2023, between GS Mortgage
Securities Corporation II, as Depositor, Berkadia Commercial Mortgage LLC, as
Servicer, KeyBank National Association, as Special Servicer, Computershare
Trust Company, N.A., as Certificate Administrator and Custodian, Wilmington
Trust, National Association, as Trustee, and Park Bridge Lender Services LLC,
as Operating Advisor (filed as Exhibit 4.2 to the registrant's Current Report
on Form 8-K filed on April 27, 2023 under Commission File No. 333-257737-07 and
incorporated by reference herein).

 4.7
and Servicing Agreement, dated as of April 1, 2023, between Deutsche
Mortgage & Asset Receiving Corporation, as Depositor, Midland Loan
Services, a Division of PNC Bank, National Association, as Master Servicer, LNR
Partners, LLC, as General Special Servicer, Argentic Services Company LP, as
Pacific Design Center Special Servicer, Computershare Trust Company, N.A., as
Trustee, Certificate Administrator, Paying Agent and Custodian, and Park Bridge
Lender Services LLC, as Operating Advisor and Asset Representations Reviewer
(filed as Exhibit 4.3 to the registrant's Current Report on Form 8-K filed on

 4.8
and Servicing Agreement, dated as of May 1, 2023, between Morgan Stanley
Capital I Inc., as Depositor, Wells Fargo Bank, National Association, as Master
Servicer, Argentic Services Company LP, as Special Servicer, Computershare
Trust Company, National Association, as Certificate Administrator and as
Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset
Representations Reviewer (filed as Exhibit 4.1 to the registrant's Current
Report on Form 8-K filed on May 31, 2023 under Commission File No.

 4.9
and Servicing Agreement, dated as of May 1, 2023, among Citigroup Commercial
Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division of
PNC Bank, National Association, as Master Servicer, 3650 REIT Loan Servicing
LLC, as a Special Servicer, BellOak, LLC, as Operating Advisor and Asset
Representations Reviewer, and Computershare Trust Company, National
Association, as Certificate Administrator and Trustee (filed as Exhibit 4.2 to
the registrant's Current Report on Form 8-K filed on May 31, 2023 under

 4.10
and Servicing Agreement, dated as of June 1, 2023, among BMO Commercial
Mortgage Securities LLC, as Depositor, Midland Loan Services, a Division of PNC
Bank, National Association, as Master Servicer, Rialto Capital Advisors, LLC,
as Special Servicer, Park Bridge Lender Services LLC, as Operating Advisor and
Asset Representations Reviewer, Computershare Trust Company, National
Association, as Certificate Administrator, and Computershare Trust Company,
National Association, as Trustee (filed as Exhibit 4.1 to the registrant's
Current Report on Form 8-K filed on June 22, 2023 under Commission File No.

 4.11
Agreement, dated as of March 3, 2023, by and among Goldman Sachs Bank USA, as
Initial Note A-1-S1 Holder, Goldman Sachs Bank USA, as Initial Note A-1-C1
Holder, Goldman Sachs Bank USA, as Initial Note A-1-C2 Holder, Goldman Sachs
Bank USA, as Initial Note A-1-C3 Holder, Goldman Sachs Bank USA, as Initial
Note A-1-C4 Holder, Deutsche Bank AG, New York Branch, as Initial Note A-2-S1
Holder, Deutsche Bank AG, New York Branch, as Initial Note A-2-C1 Holder,
Deutsche Bank AG, New York Branch, as Initial Note A-2-C2 Holder, and Deutsche
Bank AG, New York Branch, as Initial Note A-2-C3 Holder (filed as Exhibit 4.8
to the registrant's Current Report on Form 8-K filed on April 27, 2023 under

 4.12
 Agreement
Between Noteholders, dated as of February 1, 2023, by and among Goldman Sachs
Bank USA, as Initial Note A-1 Holder, Goldman Sachs Bank USA, as Initial Note
A-2 Holder, Goldman Sachs Bank USA, as Initial Note A-3 Holder, Goldman Sachs
Bank USA, as Initial Note A-4 Holder, Goldman Sachs Bank USA, as Initial Note
A-5 Holder, Goldman Sachs Bank USA, as Initial Note A-6 Holder, Goldman Sachs
Bank USA, as Initial Note A-7 Holder, Bank of Montreal, as Initial Note A-8
Holder, Bank of Montreal, as Initial Note A-9 Holder, and Goldman Sachs Bank
USA, as Initial Note B Holder (filed as Exhibit 4.9 to the registrant's Current
Report on Form 8-K filed on April 27, 2023 under Commission File No.

 4.13
 Agreement
Between Note Holders, dated as of February 3, 2023, by and between Barclays
Capital Real Estate Inc., as Initial Note A-1 Holder, and Societe Generale
Financial Corporation, as Initial Note A-2 Holder (filed as Exhibit 4.10 to the

 4.14
 Amended
and Restated Co-Lender Agreement, dated as of March 14, 2023, by and between
Midland Loan Services, a Division of PNC Bank, National Association, as Master
Servicer on behalf of Computershare Trust Company, National Association, as
Trustee for the Registered Holders of BBCMS Mortgage Trust 2022-C18, Commercial
Mortgage Pass-Through Certificates, Series 2022-C18, as Note A-1 Holder and
Note A-8 Holder, Midland Loan Services, a Division of PNC Bank, National
Association, as Master Servicer on behalf of Computershare Trust Company,
National Association, as Trustee for the Registered Holders of BMO 2023-C4
Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2023-C4,
as Note A-2 Holder and Note A-6 Holder, and SPREF WH II LLC, as Initial
Note A-3-1 Holder, SPREF WH II LLC, as Initial Note A-3-2 Holder, SPREF WH II
LLC, as Initial Note A-4 Holder, SPREF WH II LLC, as Initial Note A-5 Holder,
and SPREF WH II LLC, as Initial Note A-7 Holder (filed as Exhibit 4.11 to the

 4.15
Agreement, dated as of February 13, 2023, by and among Goldman Sachs Bank USA
GS, as Initial Note A-1 Holder, Initial Note A-2 Holder and Initial Note A-3
Holder, Bank of Montreal, as Initial Note A-4 Holder, Initial Note A-5 Holder,
Initial Note A-6 Holder, Initial Note A-7 Holder and Initial Note A-8 Holder,
Morgan Stanley Bank, N.A., as Initial Note A-9 Holder, Initial Note A-10
Holder, Initial Note A-11 Holder and Initial Note A-12 Holder, and DBR
Investments Co. Limited, as Initial Note A-13 Holder, Initial Note A-14 Holder,
Initial Note A-15 Holder and Initial Note A-16 Holder (filed as Exhibit 4.12 to
the registrant's Current Report on Form 8-K filed on April 27, 2023 under

 4.16
 Agreement
Between Note Holders, dated as of April 27, 2023, by and among Societe Generale
Financial Corporation, as Initial Note A-1 Holder, Societe Generale Financial
Corporation, as Initial Note A-2 Holder, and Societe Generale Financial
Corporation, as Initial Note A-3 Holder (filed as Exhibit 4.13 to the

 4.17
 Agreement
Among Note Holders, dated as of January 19, 2023, by and between Barclays Bank
PLC, as Initial Note A-1 Holder, Barclays Bank PLC, as Initial Note A-2 Holder,
Bank of America, N.A., as Initial Note A-3 Holder, Bank of America, N.A., as
Initial Note A-4 Holder, Bank of America, N.A., as Initial Note A-5 Holder,
Wells Fargo Bank, National Association, as Initial Note A-6 Holder, Wells Fargo
Bank, National Association, as Initial Note A-7 Holder, and Wells Fargo Bank,
National Association, as Initial Note A-8 Holder, Citi Real Estate Funding
Inc., as Initial Note A-9 Holder, Note A-10 Holder, and Citi Real Estate
Funding Inc., as Initial Note A-11 Holder (filed as Exhibit 4.14 to the

 4.18
Agreement, dated as of March 10, 2023, by and between JPMorgan Chase Bank,
National Association, as Initial Note A-1 Holder, Argentic Real Estate Finance
2 LLC, as Initial Note A-2 Holder, Argentic Real Estate Finance 2 LLC, as
Initial Note A-3 Holder, and Argentic Real Estate Finance 2 LLC, as Initial
Note A-4 Holder (filed as Exhibit 4.15 to the registrant's Current Report on
Form 8-K filed on April 27, 2023 under Commission File No. 333-257737-07 and
incorporated by reference herein).

 4.19
 Amended
and Restated Co-Lender Agreement, dated as of April 5, 2023, between German
American Capital Corporation, as Note A-1-1 Holder, German American Capital
Corporation, as Note A-1-2 Holder, Computershare Trust Company, N.A., as
Trustee for the benefit of the Registered Holders of FIVE 2023-V1 Mortgage
Trust Commercial Mortgage Pass-Through Certificates Series 2023-V1, as Note A-2
Holder, Computershare Trust Company, N.A., as Trustee for the benefit of the
Registered Holders of FIVE 2023-V1 Mortgage Trust Commercial Mortgage
Pass-Through Certificates Series 2023-V1, as Note A-3 Holder, and Computershare
Trust Company, N.A., as Trustee for the benefit of the Registered Holders of
FIVE 2023-V1 Mortgage Trust Commercial Mortgage Pass-Through Certificates
Series 2023-V1, as Note A-4 Holder (filed as Exhibit 4.16 to the registrant's
Current Report on Form 8-K filed on April 27, 2023 under Commission File No.

 4.20
Agreement, dated as of January 10, 2023, by and among Citi Real Estate Funding
Inc., as Initial Note A-1-1 Holder, CREFI Citi Real Estate Funding Inc., as
Initial Note A-1-2 Holder, CREF Citi Real Estate Funding Inc., as Initial Note
A-2 Holder, Societe Generale Financial Corporation, as Initial Note A-3 Holder,
SGFC Societe Generale Financial Corporation, as Initial Note A-4 Holder, and
Societe Generale Financial Corporation, as Initial Note A-5 Holder (filed as
Exhibit 4.17 to the registrant's Current Report on Form 8-K filed on April 27,
2023 under Commission File No. 333-257737-07 and incorporated by reference
herein).

 4.21
Agreement, dated as of January 12, 2023, by and between Bank of Montreal, as
Initial Note A-1 Holder, and Bank of Montreal, as Initial Note A-2 Holder
(filed as Exhibit 4.18 to the registrant's Current Report on Form 8-K filed on

 4.22
Agreement, dated as of October 31, 2022, by and between Barclays Capital Real
Estate Inc., as Initial Note A-1 Holder, Barclays Capital Real Estate Inc., as
Initial Note A-2-1 Holder, and Barclays Capital Real Estate Inc., as
Initial Note A-2-2 Holder (filed as Exhibit 4.19 to the registrant's Current
Report on Form 8-K filed on April 27, 2023 under Commission File No.

 4.23
Agreement, dated as of February 23, 2023, by and among Wells Fargo Bank,
National Association, as Initial Note Holder of Note A-1, Note A-2, Note A-3,
Note A-4 and Note B-1, and KeyBank National Association, as Initial Note Holder
of Note A-5, Note A-6, Note A-7 and Note B-2 (filed as Exhibit 4.20 to the

 4.24
Agreement, dated as of December 20, 2022, by and between Bank of Montreal, as
Initial Note A-1 Holder, and Bank of Montreal, as Initial Note A-2 Holder
(filed as Exhibit 4.21 to the registrant's Current Report on Form 8-K filed on

 4.25
Agreement, dated as of November 15, 2022, by and between Bank of Montreal, as
Initial Note A-1 Holder, Bank of Montreal, as Initial Note A-2 Holder, Bank
of Montreal, as Initial Note A-3 Holder, Bank of Montreal, as Initial Note A-4
Holder, and Bank of Montreal, as Initial Note A-5 Holder (filed as Exhibit 4.22
to the registrant's Current Report on Form 8-K filed on April 27, 2023 under

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

Reports on assessment of compliance with servicing criteria for asset-backed
securities.

 33.1
 KeyBank National Association, as Master Servicer

 33.2
 K-Star Asset Management LLC, as Special Servicer

 33.3
as Trustee and Certificate Administrator

 33.4
as Custodian

 33.5
 Pentalpha Surveillance LLC, as Operating Advisor

 33.6
of the Gloucester Premium Outlets Mortgage Loan (see Exhibit 33.1)

 33.7
the Gloucester Premium Outlets Mortgage Loan (see Exhibit 33.2)

 33.8
Computershare Trust Company, National Association, as Trustee of the Gloucester
Premium Outlets Mortgage Loan (Omitted. See Explanatory Notes.)

 33.9
as Custodian of the Gloucester Premium Outlets Mortgage Loan (see Exhibit 33.4)

 33.10
the Gloucester Premium Outlets Mortgage Loan (see Exhibit 33.5)

 33.11
of the South Lake at Dulles Mortgage Loan (see Exhibit 33.1)

 33.12
the South Lake at Dulles Mortgage Loan (see Exhibit 33.2)

 33.13
Computershare Trust Company, National Association, as Trustee of the South Lake
at Dulles Mortgage Loan (Omitted. See Explanatory Notes.)

 33.14
as Custodian of the South Lake at Dulles Mortgage Loan (see Exhibit 33.4)

 33.15
the South Lake at Dulles Mortgage Loan (see Exhibit 33.5)

 33.16
of the Latitude at South Portland Mortgage Loan (see Exhibit 33.1)

 33.17
the Latitude at South Portland Mortgage Loan (see Exhibit 33.2)

 33.18
Computershare Trust Company, National Association, as Trustee of the Latitude
at South Portland Mortgage Loan (Omitted. See Explanatory Notes.)

 33.19
as Custodian of the Latitude at South Portland Mortgage Loan (see Exhibit 33.4)

 33.20
the Latitude at South Portland Mortgage Loan (see Exhibit 33.5)

 33.21
National Association, as Primary Servicer of The Showboat Hotel Mortgage Loan

 33.22
Rialto Capital Advisors, LLC, as Special Servicer of The Showboat Hotel

 33.23
Computershare Trust Company, National Association, as Trustee of The Showboat
Hotel Mortgage Loan (Omitted. See Explanatory Notes.)

 33.24
as Custodian of The Showboat Hotel Mortgage Loan (see Exhibit 33.4)

 33.25
Advisor of The Showboat Hotel Mortgage Loan

 33.26
National Association, as Primary Servicer of the Stoney Creek Hotel Portfolio
Mortgage Loan (see Exhibit 33.21)

 33.27
 LNR Partners, LLC, as Special Servicer of the
Stoney Creek Hotel Portfolio Mortgage Loan

 33.28
Computershare Trust Company, National Association, as Trustee of the Stoney
Creek Hotel Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

 33.29
as Custodian of the Stoney Creek Hotel Portfolio Mortgage Loan (see Exhibit
33.4)

 33.30
the Stoney Creek Hotel Portfolio Mortgage Loan (see Exhibit 33.5)

 33.31
National Association, as Primary Servicer of the Brandywine Strategic Office
Portfolio Mortgage Loan (see Exhibit 33.21)

 33.32
Servicer of the Brandywine Strategic Office Portfolio Mortgage Loan

 33.33
Computershare Trust Company, National Association, as Trustee of the Brandywine
Strategic Office Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

 33.34
as Custodian of the Brandywine Strategic Office Portfolio Mortgage Loan (see
Exhibit 33.4)

 33.35
Advisor of the Brandywine Strategic Office Portfolio Mortgage Loan (see Exhibit
33.25)

 33.36
National Association, as Primary Servicer of the Sentinel Square II Mortgage
Loan (see Exhibit 33.21)

 33.37
Servicer of the Sentinel Square II Mortgage Loan (see Exhibit 33.32)

 33.38
Computershare Trust Company, National Association, as Trustee of the Sentinel
Square II Mortgage Loan (Omitted. See Explanatory
Notes.)

 33.39
as Custodian of the Sentinel Square II Mortgage Loan (see Exhibit 33.4)

 33.40
Advisor of the Sentinel Square II Mortgage Loan (see Exhibit 33.25)

 33.41
National Association, as Primary Servicer of the 575 Broadway Mortgage Loan
(see Exhibit 33.21)

 33.42
Servicer of the 575 Broadway Mortgage Loan (see Exhibit 33.32)

 33.43
Computershare Trust Company, National Association, as Trustee of the 575
Broadway Mortgage Loan (Omitted. See Explanatory Notes.)

 33.44
as Custodian of the 575 Broadway Mortgage Loan (see Exhibit 33.4)

 33.45
Advisor of the 575 Broadway Mortgage Loan (see Exhibit 33.25)

 33.46
of the Oak Street NLP Fund Portfolio Mortgage Loan (see Exhibit 33.1)

 33.47
Situs Holdings, LLC, as Special Servicer of the Oak Street NLP Fund Portfolio

 33.48
Computershare Trust Company, National Association, as Trustee of the Oak Street
NLP Fund Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

 33.49
as Custodian of the Oak Street NLP Fund Portfolio Mortgage Loan (see Exhibit
33.4)

 33.50
the Oak Street NLP Fund Portfolio Mortgage Loan (see Exhibit 33.5)

 33.51
 Berkadia Commercial Mortgage LLC, as Primary
Servicer of the Scottsdale Fashion Square Mortgage Loan

 33.52
 KeyBank National Association, as Special Servicer
of the Scottsdale Fashion Square Mortgage Loan (see Exhibit 33.1)

 33.53
Wilmington Trust, National Association, as Trustee of the Scottsdale Fashion
Square Mortgage Loan (Omitted. See Explanatory Notes.)

 33.54
as Custodian of the Scottsdale Fashion Square Mortgage Loan (see Exhibit 33.4)

 33.55
Advisor of the Scottsdale Fashion Square Mortgage Loan (see Exhibit 33.25)

 33.56
National Association, as Primary Servicer of the Pacific Design Center Mortgage
Loan (see Exhibit 33.21)

 33.57
of the Pacific Design Center Mortgage Loan

 33.58
Computershare Trust Company, National Association, as Trustee of the Pacific
Design Center Mortgage Loan (Omitted. See Explanatory Notes.)

 33.59
as Custodian of the Pacific Design Center Mortgage Loan (see Exhibit 33.4)

 33.60
Advisor of the Pacific Design Center Mortgage Loan (see Exhibit 33.25)

 33.61
Servicer of the Rialto Industrial Mortgage Loan

 33.62
of the Rialto Industrial Mortgage Loan (see Exhibit 33.57)

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

 33.64
as Custodian of the Rialto Industrial Mortgage Loan (see Exhibit 33.4)

 33.65
the Rialto Industrial Mortgage Loan (see Exhibit 33.5)

 33.66
 CoreLogic Solutions, LLC, as Servicing Function
Participant of the Rialto Industrial Mortgage Loan

 33.67
Servicer of the 100 Jefferson Road Mortgage Loan (see Exhibit 33.61)

 33.68
of the 100 Jefferson Road Mortgage Loan (see Exhibit 33.57)

 33.69
Computershare Trust Company, National Association, as Trustee of the 100
Jefferson Road Mortgage Loan (Omitted. See Explanatory Notes.)

 33.70
as Custodian of the 100 Jefferson Road Mortgage Loan (see Exhibit 33.4)

 33.71
the 100 Jefferson Road Mortgage Loan (see Exhibit 33.5)

 33.72
 CoreLogic Solutions, LLC, as Servicing Function
Participant of the 100 Jefferson Road Mortgage Loan (see Exhibit 33.66)

 33.73
National Association, as Primary Servicer of the Green Acres Mortgage Loan (see
Exhibit 33.21)

 33.74
 3650 REIT Loan Servicing LLC, as Special Servicer
of the Green Acres Mortgage Loan

 33.75
Computershare Trust Company, National Association, as Trustee of the Green
Acres Mortgage Loan (Omitted. See Explanatory Notes.)

 33.76
as Custodian of the Green Acres Mortgage Loan (see Exhibit 33.4)

 33.77
 BellOak, LLC, as Operating Advisor of the Green
Acres Mortgage Loan

 33.78
National Association, as Primary Servicer of the Orizon Aerostructures Mortgage
Loan (see Exhibit 33.21)

 33.79
Rialto Capital Advisors, LLC, as Special Servicer of the Orizon Aerostructures

 33.80
Computershare Trust Company, National Association, as Trustee of the Orizon
Aerostructures Mortgage Loan (Omitted. See Explanatory Notes.)

 33.81
as Custodian of the Orizon Aerostructures Mortgage Loan (see Exhibit 33.4)

 33.82
Advisor of the Orizon Aerostructures Mortgage Loan (see Exhibit 33.25)

 Attestation
reports on assessment of compliance with servicing criteria for asset-backed
securities.

 34.1
 KeyBank National Association, as Master Servicer

 34.2
 K-Star Asset Management LLC, as Special Servicer

 34.3
as Trustee and Certificate Administrator

 34.4
as Custodian

 34.5
 Pentalpha Surveillance LLC, as Operating Advisor

 34.6
of the Gloucester Premium Outlets Mortgage Loan (see Exhibit 34.1)

 34.7
the Gloucester Premium Outlets Mortgage Loan (see Exhibit 34.2)

 34.8
Computershare Trust Company, National Association, as Trustee of the Gloucester
Premium Outlets Mortgage Loan (Omitted. See Explanatory Notes.)

 34.9
as Custodian of the Gloucester Premium Outlets Mortgage Loan (see Exhibit 34.4)

 34.10
the Gloucester Premium Outlets Mortgage Loan (see Exhibit 34.5)

 34.11
of the South Lake at Dulles Mortgage Loan (see Exhibit 34.1)

 34.12
the South Lake at Dulles Mortgage Loan (see Exhibit 34.2)

 34.13
Computershare Trust Company, National Association, as Trustee of the South Lake
at Dulles Mortgage Loan (Omitted. See Explanatory Notes.)

 34.14
as Custodian of the South Lake at Dulles Mortgage Loan (see Exhibit 34.4)

 34.15
the South Lake at Dulles Mortgage Loan (see Exhibit 34.5)

 34.16
of the Latitude at South Portland Mortgage Loan (see Exhibit 34.1)

 34.17
the Latitude at South Portland Mortgage Loan (see Exhibit 34.2)

 34.18
Computershare Trust Company, National Association, as Trustee of the Latitude
at South Portland Mortgage Loan (Omitted. See Explanatory Notes.)

 34.19
as Custodian of the Latitude at South Portland Mortgage Loan (see Exhibit 34.4)

 34.20
the Latitude at South Portland Mortgage Loan (see Exhibit 34.5)

 34.21
National Association, as Primary Servicer of The Showboat Hotel Mortgage Loan

 34.22
Rialto Capital Advisors, LLC, as Special Servicer of The Showboat Hotel

 34.23
Computershare Trust Company, National Association, as Trustee of The Showboat
Hotel Mortgage Loan (Omitted. See Explanatory Notes.)

 34.24
as Custodian of The Showboat Hotel Mortgage Loan (see Exhibit 34.4)

 34.25
Advisor of The Showboat Hotel Mortgage Loan

 34.26
National Association, as Primary Servicer of the Stoney Creek Hotel Portfolio
Mortgage Loan (see Exhibit 34.21)

 34.27
 LNR Partners, LLC, as Special Servicer of the
Stoney Creek Hotel Portfolio Mortgage Loan

 34.28
Computershare Trust Company, National Association, as Trustee of the Stoney
Creek Hotel Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

 34.29
as Custodian of the Stoney Creek Hotel Portfolio Mortgage Loan (see Exhibit
34.4)

 34.30
the Stoney Creek Hotel Portfolio Mortgage Loan (see Exhibit 34.5)

 34.31
National Association, as Primary Servicer of the Brandywine Strategic Office
Portfolio Mortgage Loan (see Exhibit 34.21)

 34.32
Servicer of the Brandywine Strategic Office Portfolio Mortgage Loan

 34.33
Computershare Trust Company, National Association, as Trustee of the Brandywine
Strategic Office Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

 34.34
as Custodian of the Brandywine Strategic Office Portfolio Mortgage Loan (see
Exhibit 34.4)

 34.35
Advisor of the Brandywine Strategic Office Portfolio Mortgage Loan (see Exhibit
34.25)

 34.36
 Midland Loan Services, a Division of PNC Bank, National
Association, as Primary Servicer of the Sentinel Square II Mortgage Loan (see
Exhibit 34.21)

 34.37
Servicer of the Sentinel Square II Mortgage Loan (see Exhibit 34.32)

 34.38
Computershare Trust Company, National Association, as Trustee of the Sentinel
Square II Mortgage Loan (Omitted. See Explanatory Notes.)

 34.39
as Custodian of the Sentinel Square II Mortgage Loan (see Exhibit 34.4)

 34.40
Advisor of the Sentinel Square II Mortgage Loan (see Exhibit 34.25)

 34.41
National Association, as Primary Servicer of the 575 Broadway Mortgage Loan
(see Exhibit 34.21)

 34.42
Servicer of the 575 Broadway Mortgage Loan (see Exhibit 34.32)

 34.43
Computershare Trust Company, National Association, as Trustee of the 575
Broadway Mortgage Loan (Omitted. See Explanatory Notes.)

 34.44
as Custodian of the 575 Broadway Mortgage Loan (see Exhibit 34.4)

 34.45
Advisor of the 575 Broadway Mortgage Loan (see Exhibit 34.25)

 34.46
 KeyBank National Association, as Primary Servicer of
the Oak Street NLP Fund Portfolio Mortgage Loan (see Exhibit 34.1)

 34.47
Situs Holdings, LLC, as Special Servicer of the Oak Street NLP Fund Portfolio

 34.48
Computershare Trust Company, National Association, as Trustee of the Oak Street
NLP Fund Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

 34.49
as Custodian of the Oak Street NLP Fund Portfolio Mortgage Loan (see Exhibit
34.4)

 34.50
the Oak Street NLP Fund Portfolio Mortgage Loan (see Exhibit 34.5)

 34.51
 Berkadia Commercial Mortgage LLC, as Primary
Servicer of the Scottsdale Fashion Square Mortgage Loan

 34.52
 KeyBank National Association, as Special Servicer
of the Scottsdale Fashion Square Mortgage Loan (see Exhibit 34.1)

 34.53
Wilmington Trust, National Association, as Trustee of the Scottsdale Fashion
Square Mortgage Loan (Omitted. See Explanatory Notes.)

 34.54
as Custodian of the Scottsdale Fashion Square Mortgage Loan (see Exhibit 34.4)

 34.55
Advisor of the Scottsdale Fashion Square Mortgage Loan (see Exhibit 34.25)

 34.56
National Association, as Primary Servicer of the Pacific Design Center Mortgage
Loan (see Exhibit 34.21)

 34.57
of the Pacific Design Center Mortgage Loan

 34.58
Computershare Trust Company, National Association, as Trustee of the Pacific
Design Center Mortgage Loan (Omitted. See Explanatory Notes.)

 34.59
 Computershare Trust Company, National Association, as
Custodian of the Pacific Design Center Mortgage Loan (see Exhibit 34.4)

 34.60
Advisor of the Pacific Design Center Mortgage Loan (see Exhibit 34.25)

 34.61
Servicer of the Rialto Industrial Mortgage Loan

 34.62
of the Rialto Industrial Mortgage Loan (see Exhibit 34.57)

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

 34.64
as Custodian of the Rialto Industrial Mortgage Loan (see Exhibit 34.4)

 34.65
the Rialto Industrial Mortgage Loan (see Exhibit 34.5)

 34.66
 CoreLogic Solutions, LLC, as Servicing Function
Participant of the Rialto Industrial Mortgage Loan

 34.67
Servicer of the 100 Jefferson Road Mortgage Loan (see Exhibit 34.61)

 34.68
of the 100 Jefferson Road Mortgage Loan (see Exhibit 34.57)

 34.69
Computershare Trust Company, National Association, as Trustee of the 100
Jefferson Road Mortgage Loan (Omitted. See Explanatory Notes.)

 34.70
as Custodian of the 100 Jefferson Road Mortgage Loan (see Exhibit 34.4)

 34.71
the 100 Jefferson Road Mortgage Loan (see Exhibit 34.5)

 34.72
 CoreLogic Solutions, LLC, as Servicing Function
Participant of the 100 Jefferson Road Mortgage Loan (see Exhibit 34.66)

 34.73
National Association, as Primary Servicer of the Green Acres Mortgage Loan (see
Exhibit 34.21)

 34.74
 3650 REIT Loan Servicing LLC, as Special Servicer
of the Green Acres Mortgage Loan

 34.75
Computershare Trust Company, National Association, as Trustee of the Green
Acres Mortgage Loan (Omitted. See Explanatory Notes.)

 34.76
as Custodian of the Green Acres Mortgage Loan (see Exhibit 34.4)

 34.77
 BellOak, LLC, as Operating Advisor of the Green
Acres Mortgage Loan

 34.78
National Association, as Primary Servicer of the Orizon Aerostructures Mortgage
Loan (see Exhibit 34.21)

 34.79
Rialto Capital Advisors, LLC, as Special Servicer of the Orizon Aerostructures

 34.80
Computershare Trust Company, National Association, as Trustee of the Orizon
Aerostructures Mortgage Loan (Omitted. See Explanatory Notes.)

 34.81
as Custodian of the Orizon Aerostructures Mortgage Loan (see Exhibit 34.4)

 34.82
Advisor of the Orizon Aerostructures Mortgage Loan (see Exhibit 34.25)

Servicer compliance statements.

 35.1
 KeyBank National Association, as Master Servicer

 35.2
 K-Star Asset Management LLC, as Special Servicer

 35.3
as Certificate Administrator

 35.4
of the Gloucester Premium Outlets Mortgage Loan (see Exhibit 35.1)

 35.5
the Gloucester Premium Outlets Mortgage Loan (see Exhibit 35.2)

 35.6
of the South Lake at Dulles Mortgage Loan (see Exhibit 35.1)

 35.7
the South Lake at Dulles Mortgage Loan (see Exhibit 35.2)

 35.8
of the Latitude at South Portland Mortgage Loan (see Exhibit 35.1)

 35.9
the Latitude at South Portland Mortgage Loan (see Exhibit 35.2)

 35.10
National Association, as Primary Servicer of The Showboat Hotel Mortgage Loan

 35.11
Rialto Capital Advisors, LLC, as Special Servicer of The Showboat Hotel

 35.12
National Association, as Primary Servicer of the Stoney Creek Hotel Portfolio
Mortgage Loan (see Exhibit 35.10)

 35.13
 LNR Partners, LLC, as Special Servicer of the
Stoney Creek Hotel Portfolio Mortgage Loan

 35.14
National Association, as Primary Servicer of the Brandywine Strategic Office
Portfolio Mortgage Loan (see Exhibit 35.10)

 35.15
Servicer of the Brandywine Strategic Office Portfolio Mortgage Loan

 35.16
National Association, as Primary Servicer of the Sentinel Square II Mortgage
Loan (see Exhibit 35.10)

 35.17
Servicer of the Sentinel Square II Mortgage Loan (see Exhibit 35.15)

 35.18
National Association, as Primary Servicer of the 575 Broadway Mortgage Loan
(see Exhibit 35.10)

 35.19
Servicer of the 575 Broadway Mortgage Loan (see Exhibit 35.15)

 35.20
of the Oak Street NLP Fund Portfolio Mortgage Loan (see Exhibit 35.1)

 35.21
Situs Holdings, LLC, as Special Servicer of the Oak Street NLP Fund Portfolio

 35.22
Berkadia Commercial Mortgage LLC, as Primary Servicer of the Scottsdale Fashion
Square Mortgage Loan (Omitted. See Explanatory Notes.)

 35.23
 KeyBank National Association, as Special Servicer
of the Scottsdale Fashion Square Mortgage Loan (see Exhibit 35.1)

 35.24
National Association, as Primary Servicer of the Pacific Design Center Mortgage
Loan (see Exhibit 35.10)

 35.25
of the Pacific Design Center Mortgage Loan

 35.26
Servicer of the Rialto Industrial Mortgage Loan

 35.27
of the Rialto Industrial Mortgage Loan (see Exhibit 35.25)

 35.28
National Association, as Primary Servicer of the Green Acres Mortgage Loan (see
Exhibit 35.10)

 35.29
3650 REIT Loan Servicing LLC, as Special Servicer of the Green Acres Mortgage
Loan (Omitted. See Explanatory Notes.)

 35.30
Servicer of the 100 Jefferson Road Mortgage Loan (see Exhibit 35.26)

 35.31
of the 100 Jefferson Road Mortgage Loan (see Exhibit 35.25)

 35.32
National Association, as Primary Servicer of the Orizon Aerostructures Mortgage
Loan (see Exhibit 35.10)

 35.33
Rialto Capital Advisors, LLC, as Special Servicer of the Orizon Aerostructures

 99.1
Loan Purchase Agreement, dated as of April 27, 2023, among Barclays Capital
Real Estate Inc., Barclays Capital Holdings Inc. and Barclays Commercial
Mortgage Securities LLC (filed as Exhibit 99.1 to the registrant's Current
Report on Form 8-K filed on April 27, 2023 under Commission File No.

 99.2
Loan Purchase Agreement, dated as of April 27, 2023, among Societe Generale
Financial Corporation, Soci t G n rale and Barclays Commercial Mortgage
Securities LLC (filed as Exhibit 99.2 to the registrant's Current Report on
Form 8-K filed on April 27, 2023 under Commission File No. 333-257737-07 and
incorporated by reference herein).

 99.3
Loan Purchase Agreement, dated as of April 27, 2023, between Argentic Real
Estate Finance LLC and Barclays Commercial Mortgage Securities LLC (filed as
Exhibit 99.3 to the registrant's Current Report on Form 8-K filed on April 27,
2023 under Commission File No. 333-257737-07 and incorporated by reference
herein).

 99.4
Loan Purchase Agreement, dated as of April 27, 2023, between Argentic Real
Estate Finance 2 LLC and Barclays Commercial Mortgage Securities LLC (filed as
Exhibit 99.4 to the registrant's Current Report on Form 8-K filed on April 27,
2023 under Commission File No. 333-257737-07 and incorporated by reference
herein).

 99.5
Loan Purchase Agreement, dated as of April 27, 2023, between German American
Capital Corporation and Barclays Commercial Mortgage Securities LLC (filed as
Exhibit 99.5 to the registrant's Current Report on Form 8-K filed on April 27,
2023 under Commission File No. 333-257737-07 and incorporated by reference
herein).

 99.6
Loan Purchase Agreement, dated as of April 27, 2023, between Bank of Montreal
and Barclays Commercial Mortgage Securities LLC (filed as Exhibit 99.6 to the

 99.7
Loan Purchase Agreement, dated as of April 27, 2023, between LMF Commercial, LLC
and Barclays Commercial Mortgage Securities LLC (filed as Exhibit 99.7 to the

 99.8
Loan Purchase Agreement, dated as of April 27, 2023, between Starwood Mortgage
Capital LLC and Barclays Commercial Mortgage Securities LLC (filed as Exhibit
99.8 to the registrant's Current Report on Form 8-K filed on April 27, 2023
under Commission File No. 333-257737-07 and incorporated by reference herein).

 99.9
Loan Purchase Agreement, dated as of April 27, 2023, between
KeyBank National Association and Barclays Commercial Mortgage Securities LLC
(filed as Exhibit 99.9 to the registrant's Current Report on Form 8-K filed on

 (b) The exhibits required to be filed by the
Registrant 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 the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly authorized.

 Barclays Commercial Mortgage
Securities LLC

(Depositor)

 /s/ Daniel
Vinson

 Daniel
Vinson, Chief Executive Officer

 (senior officer in charge of
securitization of the depositor)

 Date: March 15, 2024