other
confidence high
sentiment neutral
materiality 0.25
U-Haul Portfolio loan servicing transferred to Benchmark 2026-B42 securitization
BMO 2026-C14 Mortgage Trust
- On March 12, 2026, the Controlling Pari Passu Companion Loan for the U-Haul Portfolio Whole Loan contributed to Benchmark 2026-B42 securitization.
- Servicing and administration of the whole loan will transfer from BBCMS 2025-C39 PSA to the new Benchmark 2026-B42 Pooling and Servicing Agreement.
- Special servicing fee under new agreement: 0.25% per annum, min. $3,500 monthly; workout fee: 1%, min. $25k, max $1M; liquidation fee: 1%, min. $25k, max $1M.
- Inspection frequency: properties with allocated loan ≥$2M inspected every 12 months; <$2M every 24 months, starting 2027.
- Except for described fee and inspection differences, servicing terms are similar to those in the original Pooling and Servicing Agreement.