{"schema_version":"secwatch.filing_event.v1","accession":"0001539497-24-000970","form_type":"8-K","ticker":null,"cik":"0002013825","company_name":"BBCMS Mortgage Trust 2024-5C25","filed_at":"2024-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.406499+00:00","generated_at":"2026-06-02T14:05:49.558936+00:00","sec_items":["1.01","6.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Wells Fargo becomes master servicer for ~12% of BBCMS 2024-5C25 loans as of May 6, 2024","bullets":["Effective May 6, 2024, three mortgage loans (Jordan Creek Town Center, Kenwood Towne Centre, Galleria at Tyler) are serviced under BANK5 2024-5YR6 Pooling and Servicing Agreement.","Wells Fargo Bank, National Association becomes master servicer for those three loans, representing approx. 12.0% of trust's cut-off date principal balance.","Midland Loan Services will act as primary servicer for Jordan Creek Town Center and Galleria at Tyler loans under a separate primary servicing agreement.","LNR Partners, LLC (subsidiary of STWD) is appointed special servicer under the new pooling and servicing agreement.","Prior to May 6, these loans were serviced under the original PSA and Benchmark 2024-V5 PSA respectively."],"urls":{"canonical":"https://secwatch.observer/filing/0001539497-24-000970","json":"https://secwatch.observer/filing/0001539497-24-000970.json","markdown":"https://secwatch.observer/filing/0001539497-24-000970.md","text":"https://secwatch.observer/filing/0001539497-24-000970.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2013825/000153949724000970/0001539497-24-000970-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2013825/000153949724000970/n4076_x18-8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T14:05:49.558936+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"75be206a991a92f777fa12c8474c3f3e7b3a3fcb","claim":"BBCMS Mortgage Trust 2024-5C25 entered into Pooling and Servicing Agreement with Barclays Commercial Mortgage Securities LLC; Midland Loan Services, a Division of PNC Bank, National Association; 3650 REIT Loan Servicing LLC; Computershare Trust Company, National Association; Pentalpha Lender Surveillance LLC valued at Pooling and Servicing Agreement dated as of March 1, 2024 among the Depositor, master servicer, spec (effective 2024-03-01).","evidence_excerpt":"On March 28, 2024, Barclays Commercial Mortgage Securities LLC (the “ Depositor ”) caused the issuance of the BBCMS Mortgage Trust 2024-5C25, Commercial Mortgage Pass-Through Certificates, Series 2024-5C25 (the “ Certificates ”), pursuant to a pooling and servicing agreement, dated and effective as of March 1, 2024 (the “ Pooling and Servicing Agreement ”), among the Depositor, as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer, 3650 REIT Loan Servicing LLC, as special servicer, Computershare Trust Company, National Association, as certificate administrator and as trustee, and Pentalpha Lender Surveillance LLC, as operating advisor and as asset representations reviewer.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/2013825/000153949724000970/0001539497-24-000970-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Barclays Commercial Mortgage Securities LLC; Midland Loan Services, a Division of PNC Bank, National Association; 3650 REIT Loan Servicing LLC; Computershare Trust Company, National Association; Pentalpha Lender Surveillance LLC"},{"label":"Value","value":"Pooling and Servicing Agreement dated as of March 1, 2024 among the Depositor, master servicer, spec"},{"label":"Effective","value":"2024-03-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}