Benchmark 2026-V22 Mortgage Trust·8-K

Jun 3, 11:57 AM ET

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Benchmark 2026-V22 Mortgage Trust 8-K

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Benchmark 2026-V22 Mortgage Trust Transfers Servicing for Del Rey Campus Loan

What Happened Benchmark 2026-V22 Mortgage Trust filed an 8-K (Item 1.01) disclosing that, as of the May 26, 2026 closing, it issued Series 2026-V22 commercial mortgage pass‑through certificates under a Pooling and Servicing Agreement. The servicing of the Del Rey Campus Whole Loan (previously administered under the Benchmark 2026‑V21 PSA) was shifted on May 28, 2026 when the Servicing Shift Lead Note was contributed into the WFCM 2026‑5C9 securitization (Wells Fargo Commercial Mortgage Trust 2026‑5C9). The WFCM 2026‑5C9 PSA (filed as Exhibit 4.1) will govern servicing of the Del Rey Campus Mortgage Loan going forward.

Key Details

  • Closing Date: May 26, 2026; Servicing Shift contribution: May 28, 2026.
  • New securitization: WFCM 2026‑5C9 (Wells Fargo Commercial Mortgage Trust 2026‑5C9).
  • Special servicing fee (when loan is specially serviced): greater of 0.25% per annum or the annualized rate that yields $5,000 for that month (paid monthly).
  • Workout fee (for loan workouts while a corrected Whole Loan): 1% of each collection (interest/principal), subject to a $25,000 minimum for the corrected Whole Loan.
  • Liquidation fee: 1% of related proceeds (if that yields < $25,000, the fee rate will be the lesser of 3.00% and the rate that yields $25,000).
  • Property inspections: required at least annually if the related pari passu companion loan has a stated balance ≥ $4,000,000; otherwise at least once every 24 months; inspections commence in 2027 and must occur on or prior to Dec 31, 2028.

Why It Matters This filing documents a formal transfer of servicing responsibility for the Del Rey Campus loan into a different securitization trust and identifies the fees and oversight terms that will apply under the WFCM 2026‑5C9 PSA. For investors, that affects which servicers and special servicers oversee loan workout or liquidation, the fees those servicers may collect (which affect net recoveries), and the inspection cadence for the mortgaged property — all of which can influence loan performance monitoring and potential cash flows tied to this asset.

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