Benchmark 2026-V21 Mortgage Trust 8-K/A

What Happened

• Benchmark 2026-V21 Mortgage Trust (via its depositor entities) filed a Form 8-K on March 26, 2026 (Item 9.01) to furnish material agreements as exhibits. The filing includes Pooling and Servicing Agreements (PSAs) dated March 1, 2026 for trusts with GS Mortgage Securities Corporation II and BMO Commercial Mortgage Securities LLC as depositors, and a Co‑Lender Agreement dated March 5, 2026 related to the CityFoundry STL whole loan.

Key Details

• PSAs dated March 1, 2026 were filed: one among GS Mortgage Securities Corporation II (depositor), KeyBank National Association (master servicer), Torchlight Loan Services, LLC (special servicer), Computershare Trust Company, N.A. (trustee/certificate administrator), and BellOak, LLC (operating advisor/asset representations reviewer).
• A second PSA dated March 1, 2026 was filed among BMO Commercial Mortgage Securities LLC (depositor), Midland Loan Services (a division of PNC Bank, N.A.) (master servicer), Rialto Capital Advisors, LLC (special servicer), Computershare Trust Company, N.A. (trustee/certificate administrator), and Park Bridge Lender Services LLC (operating advisor/asset representations reviewer).
• A Co‑Lender Agreement dated March 5, 2026 was filed between Citi Real Estate Funding Inc. as Initial Note A‑1 Holder and Citi Real Estate Funding Inc. as Initial Note A‑2 Holder, relating to the CityFoundry STL whole loan.
• The report was signed by Scott Epperson, CEO of GS Mortgage Securities Corporation II.

Why It Matters

• These exhibits describe the contractual framework for administering the mortgage pools (who services the loans, who acts as special servicer, trustee responsibilities, and oversight roles). That framework affects how cash flows, delinquencies, and defaults are handled for the related securities.
• The Co‑Lender Agreement clarifies allocation/rights among note holders for the CityFoundry STL whole loan, which can influence payment priority and recovery mechanics for investors in related certificates.
• For retail investors in securities backed by these trusts, these filings provide source documents to review servicer/special servicer appointments and trustee arrangements that can materially affect servicing outcomes and investor cash flows.