<SEC-DOCUMENT>0001539497-23-000712-index.html : 20230421
<SEC-HEADER>0001539497-23-000712.hdr.sgml : 20230421
<ACCEPTANCE-DATETIME>20230421170336
ACCESSION NUMBER:		0001539497-23-000712
CONFORMED SUBMISSION TYPE:	424B2
PUBLIC DOCUMENT COUNT:		45
<DEPOSITOR-CIK>0001013454
<SPONSOR-CIK>0001541294
FILED AS OF DATE:		20230421
DATE AS OF CHANGE:		20230421
ABS ASSET CLASS:             	Commercial mortgages

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DEUTSCHE MORTGAGE & ASSET RECEIVING CORP
		CENTRAL INDEX KEY:			0001013454
		STANDARD INDUSTRIAL CLASSIFICATION:	ASSET-BACKED SECURITIES [6189]
		IRS NUMBER:				043310019
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B2
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-260277
		FILM NUMBER:		23837119

	BUSINESS ADDRESS:	
		STREET 1:		60 WALL STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10005
		BUSINESS PHONE:		(212) 250-2500

	MAIL ADDRESS:	
		STREET 1:		60 WALL STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10005

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Benchmark 2023-B38 Mortgage Trust
		CENTRAL INDEX KEY:			0001966002
		STANDARD INDUSTRIAL CLASSIFICATION:	ASSET-BACKED SECURITIES [6189]
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B2
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-260277-03
		FILM NUMBER:		23837120

	BUSINESS ADDRESS:	
		STREET 1:		60 WALL STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10005
		BUSINESS PHONE:		(212) 250-2500

	MAIL ADDRESS:	
		STREET 1:		60 WALL STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10005
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B2
<SEQUENCE>1
<FILENAME>n3503-x14_424b2.htm
<DESCRIPTION>FINAL PROSPECTUS
<TEXT>
Document 1 - file: n3503-x14_424b2.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-FILING FEES
<SEQUENCE>2
<FILENAME>exfilingfees.htm
<DESCRIPTION>EX-FILING FEES
<TEXT>
Document 2 - file: exfilingfees.htm

</DOCUMENT>
<DOCUMENT>
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<FILENAME>n3503finalprosimg001.jpg
<DESCRIPTION>GRAPHIC
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Document 3 - file: n3503finalprosimg001.jpg

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<DOCUMENT>
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<FILENAME>n3503finalprosimg002.jpg
<DESCRIPTION>GRAPHIC
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Document 4 - file: n3503finalprosimg002.jpg

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<FILENAME>n3503a1img001.jpg
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Document 5 - file: n3503a1img001.jpg

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<FILENAME>n3503a1img002.jpg
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Document 6 - file: n3503a1img002.jpg

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<FILENAME>n3503a1img003.jpg
<DESCRIPTION>GRAPHIC
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Document 7 - file: n3503a1img003.jpg

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Document 8 - file: n3503a3img001.jpg

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<FILENAME>n3503a3img002.jpg
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Document 9 - file: n3503a3img002.jpg

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<FILENAME>n3503a3img003.jpg
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Document 10 - file: n3503a3img003.jpg

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Document 11 - file: n3503a3img004.jpg

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Document 12 - file: n3503a3img005.jpg

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Document 13 - file: n3503a3img006.jpg

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<FILENAME>n3503a3img007.jpg
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Document 14 - file: n3503a3img007.jpg

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<FILENAME>n3503a3img008.jpg
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Document 15 - file: n3503a3img008.jpg

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Document 16 - file: n3503a3img009.jpg

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<FILENAME>n3503a3img010.jpg
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Document 17 - file: n3503a3img010.jpg

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<FILENAME>n3503a3img011.jpg
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Document 18 - file: n3503a3img011.jpg

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<FILENAME>n3503a3img012.jpg
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Document 19 - file: n3503a3img012.jpg

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<FILENAME>n3503a3img013.jpg
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Document 20 - file: n3503a3img013.jpg

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<FILENAME>n3503a3img014.jpg
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Document 21 - file: n3503a3img014.jpg

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Document 22 - file: n3503a3img015.jpg

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Document 23 - file: n3503a3img016.jpg

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Document 24 - file: n3503a3img017.jpg

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<FILENAME>n3503a3img018.jpg
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Document 25 - file: n3503a3img018.jpg

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<FILENAME>n3503a3img019.jpg
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Document 26 - file: n3503a3img019.jpg

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<FILENAME>n3503a3img020.jpg
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Document 27 - file: n3503a3img020.jpg

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<SEQUENCE>28
<FILENAME>n3503a3img021.jpg
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Document 28 - file: n3503a3img021.jpg

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<FILENAME>n3503a3img022.jpg
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Document 29 - file: n3503a3img022.jpg

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<FILENAME>n3503a3img023.jpg
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Document 30 - file: n3503a3img023.jpg

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<FILENAME>n3503a3img024.jpg
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Document 31 - file: n3503a3img024.jpg

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<FILENAME>n3503a3img025.jpg
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Document 32 - file: n3503a3img025.jpg

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<FILENAME>n3503a3img026.jpg
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Document 33 - file: n3503a3img026.jpg

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Document 34 - file: n3503a3img027.jpg

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Document 35 - file: n3503ddsimg001.jpg

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<FILENAME>n3503ddsimg002.jpg
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Document 36 - file: n3503ddsimg002.jpg

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<FILENAME>n3503ddsimg003.jpg
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Document 37 - file: n3503ddsimg003.jpg

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<FILENAME>n3503ddsimg004.jpg
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Document 38 - file: n3503ddsimg004.jpg

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Document 39 - file: n3503ddsimg005.jpg

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<FILENAME>n3503ddsimg006.jpg
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Document 40 - file: n3503ddsimg006.jpg

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<FILENAME>n3503ddsimg007.jpg
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Document 41 - file: n3503ddsimg007.jpg

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<FILENAME>n3503ddsimg008.jpg
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Document 42 - file: n3503ddsimg008.jpg

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<FILENAME>n3503ddsimg009.jpg
<DESCRIPTION>GRAPHIC
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Document 43 - file: n3503ddsimg009.jpg

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<FILENAME>n3503ddsimg010.jpg
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Document 44 - file: n3503ddsimg010.jpg

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<FILENAME>n3503ddsimg011.jpg
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Document 45 - file: n3503ddsimg011.jpg

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