Staybridge Suites - Austin Airport
In its monthly loan-level report to the SEC for the period ending September 11, 2026 (Form ABS-EE, filed September 29, 2026), BBCMS Mortgage Trust 2023-5C23 reported the loan secured by Staybridge Suites - Austin Airport in Austin, TX as in bankruptcy (the servicer's workout strategy is the borrower's bankruptcy case). In the trust's previous monthly report the loan was in foreclosure.
This is the loan servicer's report, not a court record: it gives no case number, and it usually trails the underlying event by a month or two. Whether a foreclosure runs through a court depends on the state. CREdocket lists the property and the trust only, never the borrower.
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From the trust's Exhibit 102 asset data file (SEC Regulation AB, Schedule AL), compared with its previous month's file. Figures are as reported by the servicer. Not legal or investment advice. Something wrong here? Tell us and we will correct it.