Bank5 2023-5YR3

07/15/2026 | Press release | Distributed by Public on 07/15/2026 10:30

Material Event (Form 8-K)

Item 8.01 Other Events.

The Westfarms Mortgage Loan, which constituted approximately 5.1% of the asset pool of the issuing entity as of its cut-off date, is an asset of the issuing entity and is part of a loan combination that is being serviced and administered under the pooling and servicing agreement, dated as of November 1, 2023, relating to the BMO 2023-5C2 Mortgage Trust filed as Exhibit 4.1 to the registrant's Current Report on Form 8-K filed on November 14, 2023 (the "BMO 2023-5C2 PSA"). Pursuant to Section 6.08(a) of the BMO 2023-5C2 PSA, Greystone Servicing Company LLC was removed as special servicer of the Westfarms Mortgage Loan and CWCapital Asset Management LLC ("CWCAM"), a Delaware limited liability company, was appointed as the successor special servicer of the Westfarms Mortgage Loan under the BMO 2023-5C2 PSA.

In the interest of transaction management, this Current Report on Form 8-K is being filed to record that, effective as of July 15, 2026, the Westfarms Mortgage Loan will be specially serviced, if necessary, pursuant to the BMO 2023-5C2 PSA, by CWCAM. CWCAM maintains a servicing office at 900 19th Street NW, 8th Floor, Washington, D.C. 20006.

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