other
confidence high
sentiment neutral
materiality 0.50
BMO 2025-C11 transfers servicing of 29-33 Ninth Ave loan to BBCMS 2025-C35
BMO 2025-C11 Mortgage Trust
- Transfer of 29-33 Ninth Avenue Whole Loan servicing from BMO 2025-C11 to BBCMS 2025-C35 securitization, effective July 24, 2025.
- Special servicing fee: greater of 0.25% per annum or $5,000 per month under BBCMS 2025-C35 PSA.
- Workout fee capped at lesser of 1% of collections or $1,000,000 aggregate, with a $25,000 minimum.
- Liquidation fee capped at lesser of 1% of proceeds or $1,000,000, with a $25,000 minimum.
- Inspection frequency: every 12 months if outstanding principal >=$4M, else every 24 months, starting 2026.
item 1.01item 9.01