BANK5 2024-5YR11 8-K

What Happened
BANK5 2024-5YR11 filed an 8-K (Item 8.01) reporting that, effective July 29, 2026, CWCapital Asset Management LLC (CWCAM) will act as special servicer for the Colony Square mortgage loan and all related pari passu and/or subordinate promissory notes (the “Colony Square Non-Serviced Loan Combination”). CWCAM replaces Greystone Servicing Company LLC and was appointed at the direction of 400 Capital Management, LLC, the directing certificateholder under the BMO 2024-5C8 pooling and servicing agreement (the “BMO 2024-5C8 PSA”).

Key Details

• Effective date: July 29, 2026.
• New special servicer: CWCapital Asset Management LLC (CWCAM).
• Replaced party: Greystone Servicing Company LLC.
• Appointment directed by: 400 Capital Management, LLC (directing certificateholder under the BMO 2024-5C8 PSA).
• Scope: CWCAM will handle special servicing and administration if the loan becomes specially serviced (including any related REO), and will perform certain reviews and processing when the loan is not specially serviced. The BMO 2024-5C8 PSA continues to govern servicing.

Why It Matters
A change in special servicer means a different firm will manage loss-mitigation, foreclosure, REO disposition and other workout activities for the Colony Square loan if it becomes specially serviced. For investors in the related securitization, this could affect how the loan and any real estate collateral are handled, the timing of recoveries, and the administration of borrower remedies — although the servicing rights and duties remain governed by the existing BMO 2024-5C8 PSA.