secwatch / observer
8-K filed May 9, 2024, 7:59 PM ET CIK 0002004982
other material confidence high sentiment neutral materiality 0.30

Galleria at Tyler mortgage loan servicing transferred to BANK5 2024-5YR6 PSA after companion loan securitization

Benchmark 2024-V5 Mortgage Trust

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Benchmark 2024-V5 Mortgage Trust entered into Pooling and Servicing Agreement with Deutsche Mortgage & Asset Receiving Corporation, Midland Loan Services, Rialto Capital Advisors, LLC, Computershare Trust Company, N.A., BellOak LLC valued at Issuance of Commercial Mortgage Pass-Through Certificates, Series 2024-V5 (effective 2024-01-31).

Action
entry
Counterparty
Deutsche Mortgage & Asset Receiving Corporation, Midland Loan Services, Rialto Capital Advisors, LLC, Computershare Trust Company, N.A., BellOak LLC
Value
Issuance of Commercial Mortgage Pass-Through Certificates, Series 2024-V5
Effective
2024-01-31
Exact text from the filing
On January 31, 2024, Deutsche Mortgage & Asset Receiving Corporation (the " Registrant ") caused the issuance of the Benchmark 2024-V5 Mortgage Trust (" Issuing Entity ") Commercial Mortgage Pass-Through Certificates, Series 2024-V5 (the " Certificates "), pursuant to the Pooling and Servicing Agreement, dated as of January 1, 2024 (the " Pooling and Servicing Agreement "), between the Registrant, as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer, Rialto Capital Advisors, LLC, as special servicer, Computershare Trust Company, N.A., as trustee, certificate administrator, paying agent and custodian, and BellOak LLC, as operating advisor and as asset representations reviewer.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Benchmark 2024-V5 Mortgage Trust entered into Midland Primary Servicing Agreement with Midland Loan Services, Wells Fargo Bank, National Association valued at Primary servicer appointment for Galleria at Tyler Mortgage Loan (effective 2024-05-06).

Action
entry
Counterparty
Midland Loan Services, Wells Fargo Bank, National Association
Value
Primary servicer appointment for Galleria at Tyler Mortgage Loan
Effective
2024-05-06
Exact text from the filing
As of May 6, 2024, Midland Loan Services, a Division of PNC Bank, National Association (" Midland "), will act as primary servicer of the Galleria at Tyler Mortgage Loan (the " Midland Serviced Loan ") pursuant to a Primary Servicing Agreement (the " Midland Primary Servicing Agreement "), dated as of May 1, 2024, by and between Midland and Wells Fargo Bank, National Association, in its capacity as BANK5 2024-5YR6 Master Servicer.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Benchmark 2024-V5 Mortgage Trust entered into BANK5 2024-5YR6 PSA with J.P. Morgan Chase Commercial Mortgage Securities Corp., Wells Fargo Bank, National Association, LNR Partners, LLC, Computershare Trust Company, N.A., Park Bridge Lender Services LLC valued at Servicing of Galleria at Tyler Mortgage Loan under BANK5 2024-5YR6 PSA (effective 2024-05-06).

Action
entry
Counterparty
J.P. Morgan Chase Commercial Mortgage Securities Corp., Wells Fargo Bank, National Association, LNR Partners, LLC, Computershare Trust Company, N.A., Park Bridge Lender Services LLC
Value
Servicing of Galleria at Tyler Mortgage Loan under BANK5 2024-5YR6 PSA
Effective
2024-05-06
Exact text from the filing
The controlling Galleria at Tyler Pari Passu Companion Loan was securitized on May 6, 2024 in connection with the issuance of a series of mortgage pass-through certificates entitled BANK5 Trust 2024-5YR6, Commercial Mortgage Pass-Through Certificates, Series 2024-5YR6. Consequently, the Galleria at Tyler Mortgage Loan is being serviced and administered under the pooling and servicing agreement entered into in connection with such securitization, dated as of May 1, 2024 (the " BANK5 2024-5YR6 PSA "), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as depositor, Wells Fargo Bank, National Association, as master servicer (in such capacity, the " Non-Serviced Master Servicer " or the " BANK5 2024-5YR6 Master Servicer "), LNR Partners, LLC, as special servicer (in such capacity, the " Non-Serviced Special Servicer "), Computershare Trust Company, N.A., as certificate administrator and as trustee, and Park Bridge Lender Services LLC, as operating advisor and asset representat
View on SEC.gov

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Source: SEC EDGAR
accession 0001539497-24-000977
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