8-KFiled Aug 31, 8:00 PM ET

BMO 2023-C6 Mortgage Trust Names New Special Servicer

BMO 2023-C6 Mortgage Trust

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BMO 2023-C6 Mortgage Trust Names New Special Servicer

What Happened

  • BMO 2023-C6 Mortgage Trust filed a Form 8-K on September 1, 2026 announcing that C-IV Asset Management LLC succeeded Greystone Servicing Company LLC as special servicer under the trust’s Pooling and Servicing Agreement (the BMO 2023-C6 PSA, dated August 1, 2023).
  • The succession applies pursuant to the servicing agreement relating to BANK5 2023-5YR3, which services the 11 West 42nd Street mortgage loan — an asset of the Issuing Entity. An Assignment and Assumption Agreement (Special Servicing) dated September 1, 2026 is attached as Exhibit 20.1 to the filing.

Key Details

  • Effective date of succession: September 1, 2026.
  • Successor special servicer: C-IV Asset Management LLC; predecessor: Greystone Servicing Company LLC.
  • Affects the servicing arrangement for the 11 West 42nd Street mortgage loan under the BANK5 2023-5YR3 agreement.
  • Related document: Assignment and Assumption Agreement (Special Servicing) dated September 1, 2026 filed as Exhibit 20.1.

Why It Matters

  • The special servicer is responsible for handling loans in default and taking enforcement or workout actions; a change in special servicer affects who manages those activities for the specified mortgage asset.
  • For investors in the trust, this is an operational change to note for the 11 West 42nd Street loan; the 8-K does not disclose changes to financial terms, cash flows, or other economic impacts in this filing.