For the monthly distribution period from: February 17, 2024 to March 15, 2024
Commission File Number of issuing entity: 333-255934-05
Central Index Key Number of issuing entity: 0001972920
BMO 2023-C5 Mortgage Trust
(Exact name of issuing entity as specified in its charter)
Commission File Number of depositor: 333-255934
Central Index Key Number of depositor: 0001861132
BMO Commercial Mortgage Securities LLC
(Exact name of depositor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0000927971
Bank of Montreal
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001701238
Citi Real Estate Funding Inc.
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001089877
KeyBank National Association
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0000109380
Zions Bancorporation, N.A.
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001722518
BSPRT CMBS Finance, LLC
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001840727
3650 Real Estate Investment Trust 2 LLC
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001548405
Starwood Mortgage Capital LLC
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001541294
German American Capital Corporation
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001685185
UBS AG
(Exact name of sponsor as specified in its charter)
Paul Vanderslice (212) 885-4000
(Name and telephone number, including area code, of the person to contact in connection with this filing)
New York
(State or other jurisdiction of incorporation or organization of the issuing entity)
37-2078925
38-4258192
38-4258193
(I.R.S. Employer Identification No.)
c/o Computershare Trust Company, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices of the issuing entity) (Zip Code)
(667) 786-1992
(Telephone number, including area code)
Not Applicable
(Former name, former address, if changed since last report)
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Title of Class |
Section 12(b) |
Section 12(g) |
Section 15(d) |
Name of Exchange (If Section 12(b)) |
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A-1 |
|
|
X |
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A-2 |
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|
X |
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A-4 |
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|
X |
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A-5 |
|
|
X |
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|
A-SB |
|
|
X |
|
|
X-A |
|
|
X |
|
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X-B |
|
|
X |
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A-S |
|
|
X |
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|
B |
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|
X |
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C |
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|
X |
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Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No
Part I - DISTRIBUTION INFORMATION
Item 1. Distribution and Pool Performance Information.
On March 15, 2024 a distribution was made to holders of the certificates issued by BMO 2023-C5 Mortgage Trust.
The distribution report is attached as an Exhibit to this Form 10-D, please see Item 10(b), Exhibit 99.1 for the related information.
No assets securitized by BMO Commercial Mortgage Securities LLC (the "Depositor") and held by BMO 2023-C5 Mortgage Trust were the subject of a demand to repurchase or replace for breach of the representations and warranties contained in the underlying transaction documents during the monthly distribution period from February 17, 2024 to March 15, 2024.
The Depositor most recently filed a Form ABS-15G under Rule 15Ga-1 under the Securities Exchange Act of 1934 ("Rule 15Ga-1") on February 2, 2024. The CIK number of the Depositor is 0001861132.
Bank of Montreal one of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on February 12, 2024. The Central Index Key number for Bank of Montreal is 0000927971.
Citi Real Estate Funding Inc. ("CREFI") one of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on February 9, 2024. The Central Index Key number for CREFI is 0001701238.
KeyBank National Association ("KeyBank") one of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on February 1, 2024. The Central Index Key number for KeyBank is 0001089877.
Zions Bancorporation, N.A. one of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on January 8, 2024. The CIK number of Zions Bancorporation, N.A. is 0000109380.
BSPRT CMBS Finance, LLC one of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on February 14, 2024. The Central Index Key number for BSPRT CMBS Finance, LLC is 0001722518.
3650 Real Estate Investment Trust 2 LLC one of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on February 13, 2024. The Central Index Key number for 3650 Real Estate Investment Trust 2 LLC is 0001840727.
Starwood Mortgage Capital LLC one of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on January 31, 2024. The Central Index Key number for Starwood Mortgage Capital LLC is 0001548405.
German American Capital Corporation ("GACC") one of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on February 12, 2024. The Central Index Key number for GACC is 0001541294.
UBS AG ("UBS AG") one of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on February 14, 2024. The Central Index Key number for UBS AG is 0001685185.
Item 1A. Asset-Level Information.
Asset Data File (filed as Exhibit 102 to the registrant's Form ABS-EE filed on March 29, 2024 under Commission File No. 333-255934-05 and incorporated by reference herein).
Asset Related Document (filed as Exhibit 103 to the registrant's Form ABS-EE filed on March 29, 2024 under Commission File No. 333-255934-05 and incorporated by reference herein).
Part II - OTHER INFORMATION
Item 9. Other Information.
Midland Loan Services, A Division of PNC Bank, National Association, in its capacity as Master Servicer for BMO 2023-C5 Mortgage Trust, affirms the following amounts in the respective accounts:
|
Collection Account | ||
|
Prior Distribution Date |
02/16/2024 |
$134,914.23 |
|
Current Distribution Date |
03/15/2024 |
$26,500.00 |
|
Whole Loan Custodial Account(s) (Brier Creek Commons Whole Loan, Hyatt Regency Indianapolis Whole Loan,Cross Island Plaza Whole Loan, Jaylor - Burger King Portfolio Whole Loan and Orizon Aerostructures Whole Loan) | ||
|
Prior Distribution Date |
02/16/2024 |
$0.00 |
|
Current Distribution Date |
03/15/2024 |
$0.00 |
|
REO Account | ||
|
Prior Distribution Date |
02/16/2024 |
$0.00 |
|
Current Distribution Date |
03/15/2024 |
$0.00 |
Computershare Trust Company, N.A., in its capacity as Certificate Administrator for BMO 2023-C5 Mortgage Trust, affirms the following amounts in the respective accounts:
|
Distribution Account | ||
|
Prior Distribution Date |
02/16/2024 |
$128,422.42 |
|
Current Distribution Date |
03/15/2024 |
$7,114.37 |
|
Interest Reserve Account | ||
|
Prior Distribution Date |
02/16/2024 |
$120,815.39 |
|
Current Distribution Date |
03/15/2024 |
$0.00 |
|
Excess Liquidation Proceeds Reserve Account | ||
|
Prior Distribution Date |
02/16/2024 |
$0.00 |
|
Current Distribution Date |
03/15/2024 |
$0.00 |
Item 10. Exhibits.
(a) The following is a list of documents filed as part of this Report on Form 10-D:
(b) The exhibits required to be filed by the Registrant pursuant to this Form are listed above.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
BMO Commercial Mortgage Securities LLC
(Depositor)
/s/ Paul Vanderslice
Paul Vanderslice, Chief Executive Officer
Date: March 29, 2024