---
schema_version: "secwatch.filing_event.v1"
accession: "0001539497-26-000930"
form_type: "8-K"
ticker: null
cik: "0002097938"
company_name: "BBCMS Mortgage Trust 2025-C39"
filed_at: "2026-03-17T23:59:59+00:00"
generated_at: "2026-05-15T11:08:23.548185+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# U-Haul Portfolio Mortgage Loan transferred from BBCMS 2025-C39 to new Benchmark 2026-B42 PSA

## Summary
- Effective March 12, 2026, the U-Haul Portfolio Mortgage Loan is serviced under Benchmark 2026-B42 PSA instead of original PSA.
- New servicing parties include Deutsche Mortgage & Asset Receiving Corp as depositor, K-Star Asset Management as special servicer.
- Servicing terms are substantially similar; differences described in prior December 10, 2025 Prospectus.
- Only the U-Haul loan (part of a 36-loan pool) moved; other trust assets unaffected.

## SEC filing metadata
- accession: 0001539497-26-000930
- form_type: 8-K
- cik: 0002097938
- company_name: BBCMS Mortgage Trust 2025-C39
- filed_at: 2026-03-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2097938/000153949726000930/0001539497-26-000930-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2097938/000153949726000930/n5473_x15-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001539497-26-000930
- JSON: https://secwatch.observer/filing/0001539497-26-000930.json
- Plain text: https://secwatch.observer/filing/0001539497-26-000930.txt

## Key facts
- Material Agreements
  BBCMS Mortgage Trust 2025-C39 entered into Pooling and Servicing Agreement with Barclays Commercial Mortgage Securities LLC (effective 2025-12-01).
  - Action: entry
  - Counterparty: Barclays Commercial Mortgage Securities LLC
  - Effective: 2025-12-01
  source text: On December 23, 2025, Barclays Commercial Mortgage Securities LLC (the “ Depositor ”) caused the issuance of the BBCMS Mortgage Trust 2025-C39, Commercial Mortgage Pass-Through Certificates, Series 2025-C39 (the “ Certificates ”), pursuant to a pooling and servicing agreement, dated and effective as of December 1, 2025 (the “ Pooling and Servicing Agreement ”), among the Depositor, as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer, LNR Partners, LLC, as special servicer, Computershare Trust Company, National Association, as certificate administrator and as trustee, and Park Bridge Lender Services LLC, as operating advisor and as asset representations reviewer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2097938/000153949726000930/0001539497-26-000930-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.