secwatch.observer — SEC 8-K summary
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Issuer:     BMO 2023-5C1 Mortgage Trust (—)
CIK:        0001984246
Form:       8-K
Filed at:   2026-09-01T20:30:31+00:00
Accession:  0001888524-26-016502
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 6.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1984246/000188852426016502/0001888524-26-016502-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1984246/000188852426016502/bmo235c1_8k-09012026.htm
  HTML page:      https://secwatch.observer/filing/0001888524-26-016502

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