BMO 2026-5C14 Mortgage Trust 8-K

What Happened

• BMO 2026-5C14 Mortgage Trust filed an 8-K (Item 1.01) reporting that the Compass Storage National Portfolio Whole Loan, originally serviced under its March 1, 2026 Pooling and Servicing Agreement (closing March 25, 2026), was contributed on May 26, 2026 to the Benchmark 2026‑V22 securitization. Servicing and administration of that Whole Loan are required to transfer to the Benchmark 2026‑V22 Pooling and Servicing Agreement (dated May 1, 2026), filed as Exhibit 4.1 to this report.

Key Details

• Transfer date / contribution: May 26, 2026 (loan contributed to Benchmark 2026‑V22 securitization).
• New transaction parties: Citigroup Commercial Mortgage Securities Inc. (depositor), Trimont LLC (master servicer), LNR Partners, LLC (special servicer), BellOak, LLC (operating advisor/asset reviewer), Citibank, N.A. (certificate administrator), Wilmington Savings Fund Society, FSB (trustee).
• Special servicing and fees for the Compass loan under Benchmark 2026‑V22:
  • Special servicing fee: 0.25% per annum, with a $3,500 minimum monthly fee.
  • Workout fee: 1% of each collection of interest/principal while a “corrected” Whole Loan, with a $25,000 minimum and $1,000,000 maximum.
  • Liquidation fee: 1% of liquidation proceeds, with $25,000 minimum and $1,000,000 maximum.
• Property inspection frequency: starting in 2027, at least annually if the related pari passu companion loan balance is ≥ $2,000,000; otherwise at least once every other year.

Why It Matters

• For holders of BMO 2026‑5C14 certificates, this filing documents that servicing responsibility for a named whole loan moved to a different securitization and servicers, which may change who administers collections, workouts and foreclosures for that loan. The filing also discloses the specific special-servicing, workout and liquidation fee rates and caps that will apply, plus inspection frequency—facts that affect recovery costs and incentives when the loan is distressed.