other material
confidence high
sentiment neutral
materiality 0.30
Del Rey Campus loan servicing transferred to WFCM 2026-5C9 with modified fee terms
Benchmark 2026-V22 Mortgage Trust
- Servicing of Del Rey Campus Whole Loan shifted from Benchmark 2026-V21 to WFCM 2026-5C9 PSA on May 28, 2026.
- Special servicing fee: greater of 0.25% per annum or $5,000 monthly; workout fee 1% with $25,000 minimum.
- Liquidation fee: 1% of proceeds with $25,000 minimum; inspection frequency based on loan balance (every 12 or 24 months).
- New servicing agreement (WFCM 2026-5C9 PSA) filed as Exhibit 4.1; terms similar to original but with specified fee differences.
- Transfer affects only the Del Rey Campus Whole Loan within the Benchmark 2026-V22 trust.