---
schema_version: "secwatch.filing_event.v1"
accession: "0001888524-26-016502"
form_type: "8-K"
ticker: null
cik: "0001984246"
company_name: "BMO 2023-5C1 Mortgage Trust"
filed_at: "2026-09-01T20:30:31+00:00"
generated_at: "2026-09-01T20:31:13.515736+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# C-IV Asset Management becomes special servicer for three BMO 2023-5C1 loans

## Summary
- Effective Sept 1, 2026, C-IV AM succeeded Greystone as special servicer for 11 West 42nd St, Short Pump Town Center, and Heritage Plaza loans.
- Greystone sold its special servicing division to C-IV AM; C-IV AM assumed all duties and liabilities.
- 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, C-IV AM's portfolio: 60 transactions, $20.7B UPB, 108 assets in active special servicing ($2.1B).
- C-IV AM has no servicer event of default; financial condition not expected to impact pool performance.

## SEC filing metadata
- accession: 0001888524-26-016502
- form_type: 8-K
- cik: 0001984246
- company_name: BMO 2023-5C1 Mortgage Trust
- filed_at: 2026-09-01T20:30:31+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 6.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1984246/000188852426016502/0001888524-26-016502-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1984246/000188852426016502/bmo235c1_8k-09012026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001888524-26-016502
- JSON: https://secwatch.observer/filing/0001888524-26-016502.json
- Plain text: https://secwatch.observer/filing/0001888524-26-016502.txt

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