---
schema_version: "secwatch.filing_event.v1"
accession: "0001888524-26-016490"
form_type: "8-K"
ticker: null
cik: "0001967945"
company_name: "BANK5 2023-5YR1"
filed_at: "2026-09-01T20:23:57+00:00"
generated_at: "2026-09-01T20:25:16.602072+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# C-IV Asset Management takes over special servicing of 575 Broadway Mortgage Loan

## Summary
- Greystone sold its special servicing division to C-IV AM on Sept 1, 2026; C-IV AM assumes duties for 575 Broadway Mortgage Loan.
- C-IV AM rated MOR CS2 (Morningstar DBRS) and CSS2 (Fitch); on S&P Select Servicer list with 'Average; Ranking Watch Positive'.
- As of 6/30/2026, Greystone's portfolio: ~60 transactions, $20.7B principal; C-IV AM takes over all except 2 CLOs.
- C-IV AM has resolved 6,017 assets totaling $60.7B since 2002; no servicer event of default.

## SEC filing metadata
- accession: 0001888524-26-016490
- form_type: 8-K
- cik: 0001967945
- company_name: BANK5 2023-5YR1
- filed_at: 2026-09-01T20:23:57+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 6.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1967945/000188852426016490/0001888524-26-016490-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1967945/000188852426016490/bak235yr_8k-09012026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001888524-26-016490
- JSON: https://secwatch.observer/filing/0001888524-26-016490.json
- Plain text: https://secwatch.observer/filing/0001888524-26-016490.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.