---
schema_version: "secwatch.filing_event.v1"
accession: "0001888524-26-016561"
form_type: "8-K"
ticker: null
cik: "0001981769"
company_name: "BBCMS 2023-C20"
filed_at: "2026-09-02T14:34:52+00:00"
generated_at: "2026-09-02T14:36:10.095793+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# C-IV AM takes over as special servicer for BBCMS 2023-C20 after Greystone sale

## Summary
- On Sept 1, 2026, Greystone sold its special servicing division to C-IV AM, which assumed duties for the 6330 West Loop South loan.
- C-IV AM is a wholly-owned subsidiary of C-IV Capital Partners; key Greystone special servicing employees transferred to C-IV AM.
- As of 6/30/26, Greystone's portfolio: 60 transactions, $20.7B UPB; 33 CMBS, $14.2B; 108 assets in active special servicing, $2.1B.
- C-IV AM ratings: MOR CS2 (Morningstar DBRS), CSS2 (Fitch), S&P Select Servicer 'Average; Ranking Watch Positive'.
- C-IV AM has resolved 6,017 assets totaling $60.7B since 2002; no servicer defaults or material litigation.

## SEC filing metadata
- accession: 0001888524-26-016561
- form_type: 8-K
- cik: 0001981769
- company_name: BBCMS 2023-C20
- filed_at: 2026-09-02T14:34:52+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 6.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1981769/000188852426016561/0001888524-26-016561-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1981769/000188852426016561/bcr23c20_8k-09012026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001888524-26-016561
- JSON: https://secwatch.observer/filing/0001888524-26-016561.json
- Plain text: https://secwatch.observer/filing/0001888524-26-016561.txt

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