BMO 2023-C7 Mortgage Trust Announces Special Servicer Succession

What Happened
BMO 2023-C7 Mortgage Trust (the Issuing Entity) filed an 8-K (Item 8.01) reporting that, effective September 1, 2026, C‑IV Asset Management LLC succeeded Greystone Servicing Company LLC as the special servicer under the BMO 2023-C7 Pooling and Servicing Agreement (PSA). The special servicer role covers the servicing of the 11 West 42nd Street mortgage loan, an asset of the trust. The Assignment and Assumption Agreement (Special Servicing), dated September 1, 2026, is attached as Exhibit 20.1 to the filing.

Key Details

• Effective date: September 1, 2026.
• Successor special servicer: C‑IV Asset Management LLC; predecessor: Greystone Servicing Company LLC.
• Affected asset: the 11 West 42nd Street mortgage loan, serviced under the PSA for BANK5 2023-5YR3.
• Exhibit: Assignment and Assumption Agreement (Special Servicing) filed as Exhibit 20.1.

Why It Matters
The special servicer handles workout, enforcement and other default-related actions for the loan named in the filing. A change in special servicer means a new firm will manage those responsibilities for the 11 West 42nd Street loan going forward. Investors should review the attached Assignment and Assumption Agreement (Exhibit 20.1) for contract details and note the filing is disclosed under Item 8.01 of the registrant’s Form 8-K.