8-KFiled Aug 31, 8:00 PM ET
Benchmark 2023-V2 Mortgage Trust: New Special Servicer Effective Sep 1, 2026
Benchmark 2023-V2 Mortgage TrustResearch Summary
AI-generated summary of this SEC filing
Benchmark 2023-V2 Mortgage Trust: New Special Servicer Effective Sep 1, 2026
What Happened
- Benchmark 2023-V2 Mortgage Trust filed an 8‑K (Item 8.01) on September 1, 2026 announcing that C‑IV Asset Management LLC has succeeded Greystone Servicing Company LLC as special servicer under the Pooling and Servicing Agreement (PSA).
- The succession applies to the special servicing rights for the Heritage Plaza mortgage loan, an asset of the Issuing Entity. The Assignment and Assumption Agreement (Special Servicing) is dated September 1, 2026 and is filed as Exhibit 20.1.
Key Details
- Successor special servicer: C‑IV Asset Management LLC; predecessor: Greystone Servicing Company LLC.
- Effective date of succession: September 1, 2026.
- A related Assignment and Assumption Agreement (Special Servicing) dated September 1, 2026 is attached to the filing as Exhibit 20.1.
- The change is made under the Benchmark 2023‑V2 PSA (dated May 1, 2023) and relates to the servicing arrangement referenced in previous filings.
Why It Matters
- A change in special servicer alters which firm is responsible for handling workouts, enforcement, and other special servicing duties for the Heritage Plaza loan.
- The filing does not report any changes to the trust's underlying assets, payment terms, or stated cash flows; it documents only the transfer of servicing responsibilities and the related assignment agreement.
- Investors should note the new servicer contact and monitor future disclosures for any operational impacts or notices relating to the Heritage Plaza loan.