BANK 2020-BNK26 Reports Special Servicer Change to Torchlight

What Happened

• BANK 2020-BNK26 filed a Form 8‑K (Item 6.02) reporting that, effective September 10, 2026, Torchlight Loan Services, LLC was appointed special servicer for the 545 Washington Boulevard mortgage loan and related pari passu and/or subordinate promissory notes (the “Applicable Non-Serviced Loan Combination”) under the pooling and servicing agreement for the BANK 2020-BNK25 securitization. Torchlight replaces CWCapital Asset Management LLC as special servicer and was appointed at the direction of BNK 25 CCR, LLC. Servicing remains governed by the Applicable PSA.

Key Details

• Effective date: September 10, 2026.
• Subject loan: 545 Washington Boulevard mortgage loan and related notes (the Applicable Non-Serviced Loan Combination) in the BANK 2020-BNK25 PSA.
• Torchlight background and scale (as disclosed): servicing CMBS since Dec 2007 (predecessor since 1998); resolved over $12.2 billion of U.S. commercial and multifamily loans.
• Portfolio snapshot (as of 6/30/2026): named specially serviced CMBS pools ≈ 51; named portfolio aggregate unpaid principal balance ≈ $27.97 billion; actively specially serviced loans ≈ 76 with aggregate unpaid principal balance ≈ $5.13 billion. Torchlight employed 21 personnel involved in special servicing (6 dedicated).
• Other points: Torchlight is not an affiliate of the depositor/issuer/servicer/trustee; no material legal proceedings known; Torchlight has no material primary advancing obligations for CMBS pools it services.

Why It Matters

• A special servicer handles loan workouts, foreclosure, REO and related enforcement actions when a loan becomes distressed. Changing the special servicer can affect how recovery or resolution is managed for the 545 Washington Boulevard loan.
• Torchlight’s disclosed experience, portfolio size and operational controls give investors a view of the new servicer’s track record and capacity. The appointment was made under the PSA and does not change the governing servicing agreement.
• The filing contains no indication of litigation or financial weakness at Torchlight that would, per the disclosure, materially affect its duties; investors should monitor future servicing notices or material actions regarding the loan for impacts on certificate performance.