{"schema_version":"secwatch.filing_event.v1","accession":"0001888524-26-016575","form_type":"8-K","ticker":null,"cik":"0001797056","company_name":"BANK 2020-BNK25","filed_at":"2026-09-10T17:44:53+00:00","discovered_at":"2026-09-10T17:46:02.607343+00:00","generated_at":"2026-09-10T17:46:07.661027+00:00","sec_items":["6.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"BANK 2020-BNK25 replaces special servicer: Torchlight appointed, CWCAM removed","bullets":["Effective Sept 10, 2026, CWCAM removed as general special servicer; Torchlight Loan Services LLC appointed successor.","Torchlight is wholly owned by Torchlight Investors; has resolved over $12.2B of U.S. commercial/multifamily loans since 1998.","As of 6/30/2026, Torchlight actively specially serviced 76 loans with aggregate UPB of $5.13B across 51 CMBS pools.","Torchlight has no material primary advancing obligations; no pending material legal proceedings or prior servicing non-compliance.","Appointment excludes Non-Serviced Mortgage Loans and NCB Mortgage Loans."],"urls":{"canonical":"https://secwatch.observer/filing/0001888524-26-016575","json":"https://secwatch.observer/filing/0001888524-26-016575.json","markdown":"https://secwatch.observer/filing/0001888524-26-016575.md","text":"https://secwatch.observer/filing/0001888524-26-016575.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1797056/000188852426016575/0001888524-26-016575-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1797056/000188852426016575/wcm20b25_8k-09022026.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-09-10T17:46:07.661027+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}