other_material
confidence high
sentiment neutral
materiality 0.15
Servicing of Riverwalk West Whole Loan transferred to BMO 2025-5C11 PSA with new fee structure
BMO 2024-5C8 Mortgage Trust
- Servicing shift occurred June 30, 2025; loan now administered under BMO 2025-5C11 Pooling and Servicing Agreement.
- Special servicing fee of 0.25% per annum, min $5,000 monthly; workout fee 1% with min $25K, max $1M.
- Liquidation fee 1% of proceeds, min $25K, max $1M; inspections annually if principal >= $2M, else biennial.
- Terms are similar to original Pooling and Servicing Agreement but with defined fee caps and minimums.
item 1.01item 9.01