Benchmark 2026-B42 Mortgage Trust 8-K

What Happened

• Benchmark 2026-B42 Mortgage Trust (the Issuing Entity) filed an 8‑K (Item 1.01) disclosing that one mortgage loan secured by the property at 50 West 23rd Street — part of a whole loan that includes a pari passu companion note not owned by the Issuing Entity — is now being serviced under a different pooling and servicing agreement.
• The Issuing Entity issued Certificates on March 12, 2026 under a Pooling and Servicing Agreement dated March 1, 2026. Because the controlling pari passu companion loan was securitized on April 21, 2026 into Wells Fargo Commercial Mortgage Trust 2026‑C66, the 50 West 23rd Street Mortgage Loan is now serviced under the WFCM 2026‑C66 PSA (effective April 1, 2026). The WFCM 2026‑C66 PSA is attached as Exhibit 99.1 to the filing.

Key Details

• Issuance/agreements: Certificates issued March 12, 2026; original Pooling and Servicing Agreement dated March 1, 2026; new servicing governed by WFCM 2026‑C66 PSA dated April 1, 2026 after companion loan securitization on April 21, 2026.
• Servicing fee changes: the Non‑Serviced Master Servicer’s primary servicing fee for the loan is 0.00125% per year (includes any sub‑servicing fee).
• Special servicing fees and fees on recovery: special servicing accrues at 0.25% per year (minimum $3,500/month); workout fee of 1.0% of each post‑workout payment (min $25,000); liquidation fee of 1.0% of net liquidation proceeds (min $25,000).
• Parties involved: Registrant — Deutsche Mortgage & Asset Receiving Corporation; original servicers and servicer roles referenced in the Pooling and Servicing Agreement and the WFCM 2026‑C66 PSA (e.g., Trimont LLC, LNR Partners, Computershare, Deutsche Bank N.A., BellOak).

Why It Matters

• For holders of the Benchmark 2026‑B42 Certificates, the practical effect is that the 50 West 23rd Street Mortgage Loan will be administered under the Wells Fargo trust’s servicing arrangement rather than the original Pooling and Servicing Agreement. That change alters which servicer(s) oversee the loan and the fee structure that applies to servicing, workouts, and liquidations.
• Changes in servicing and fee terms can affect the net cash flow available to certificate holders (through different fee amounts and potential recovery costs) and who makes decisions about loan workouts or liquidation. The filing is factual and does not itself report defaults, sales proceeds, or changes to certificate payments.