UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549

SECURITIESFORM AND EXCHANGE COMMISSION8-K

Washington,CURRENT D.C.REPORT 20549Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

~~FORM~~June ~~8-K~~29, 2026 Date of Report (Date of Earliest Event Reported)

~~CURRENT~~Central ~~REPORT Pursuant~~Index toKey ~~Section~~Number 13of orthe issuing ~~15(d)~~entity: 0002055003 of BBCMS ~~the~~Mortgage ~~Securities~~Trust ~~Exchange~~2025-5C33 (Exact ~~Act~~name of ~~1934~~issuing entity)

~~Date~~Central Index Key Number of ~~Report~~the registrant: 0001541480 ~~June~~ Barclays ~~30,~~Commercial ~~2025~~Mortgage Securities LLC (~~Date~~Exact name of ~~earliest~~registrant ~~event~~as ~~reported~~specified in its charter)

~~BBCMS~~Central ~~Mortgage~~Index ~~Trust~~Key ~~2025-5C33~~Number of the sponsor: 0001549574 Barclays Capital Real Estate Inc. (~~Central~~Exact ~~Index~~name ~~Key~~of ~~Number~~sponsor ~~0002055003~~as specified in its charter)

Central Index Key Number of the sponsor: 0001701238 Citi Real Estate Funding Inc. (Exact name of ~~issuing~~sponsor ~~entity~~as specified in its charter)

~~Barclays~~Central ~~Capital~~Index ~~Real~~Key ~~Estate~~Number ~~Inc.~~of the sponsor: 0001541294 German American Capital Corporation (~~Central~~Exact ~~Index~~name ~~Key~~of ~~Number~~sponsor ~~0001549574~~as specified in its charter)

Central Index Key Number of the sponsor: 0001548405 Starwood Mortgage Capital LLC (Exact name of sponsor as specified in its charter)

~~Citi~~Central ~~Real~~Index ~~Estate~~Key ~~Funding~~Number ~~Inc.~~of the sponsor: 0001541502 Goldman Sachs Mortgage Company (Exact name of sponsor as specified in its charter)

(Central Index Key Number ~~0001701238~~of the sponsor: 0001755531 Societe Generale Financial Corporation (Exact name of sponsor as specified in its charter)

Central Index Key Number of the sponsor: 0001722518 BSPRT CMBS Finance, LLC (Exact name of sponsor as specified in its charter)

~~German~~Central ~~American~~Index ~~Capital~~Key ~~Corporation~~Number of the sponsor: 0001089877 KeyBank National Association (Exact name of sponsor as specified in its charter)

(Central Index Key Number 0001541294) (Exact name of sponsor as specified in its charter)

New York		333-276033-08		38-4345581 38-4345582 38-7341818
(State or other jurisdiction of incorporation of issuing entity)		(Commission File Number of issuing entity)		(I.R.S. Employer Identification Numbers)

~~Starwood~~c/o Computershare ~~Mortgage~~Trust ~~Capital~~Company, ~~LLC~~N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices of the issuing entity) (Zip Code)

(~~Central~~212) 526-7000 Registrant's ~~Index~~Telephone ~~Key~~number, ~~Number~~including ~~0001548405)~~area code

~~(Exact~~Former name ofor ~~sponsor~~former asaddress, ~~specified~~if changed insince ~~its~~last ~~charter)~~report: Not Applicable

~~Goldman~~Check ~~Sachs~~the ~~Mortgage~~appropriate ~~Company (Central~~box ~~Index~~below ~~Key~~if ~~Number~~the ~~0001541502)~~Form 8-K filing is intended to ~~(Exact~~simultaneously ~~name~~satisfy the filing obligation of ~~sponsor~~the asregistrant ~~specified~~under inany ~~its~~of ~~charter)~~the following provisions:

~~Societe~~☐ Written communications ~~Generale~~pursuant ~~Financial~~to ~~Corporation~~Rule 425 under the Securities Act (17 CFR 230.425)

~~(Central~~☐ Soliciting material ~~Index~~pursuant ~~Key~~to ~~Number~~Rule ~~0001755531) (Exact~~14a-12 ~~name~~under ofthe ~~sponsor~~Exchange asAct ~~specified~~(17 inCFR ~~its charter~~240.14a-12)

~~BSPRT CMBS Finance, LLC~~☐ Pre-commencement ~~(Central~~communications ~~Index~~pursuant ~~Key~~to ~~Number~~Rule ~~0001722518)~~ 14d-2(~~Exact~~b) ~~name~~under ofthe ~~sponsor~~Exchange asAct(17 ~~specified in its charter~~CFR 240.14d-2(b))

~~KeyBank National Association~~☐ Pre-commencement ~~(Central~~communications ~~Index~~pursuant ~~Key~~to ~~Number~~Rule ~~0001089877)~~ 13e-4(~~Exact~~c) ~~name~~under ofthe ~~sponsor~~Exchange asAct(17 ~~specified in its charter~~CFR 240.13e-4(c))

~~Barclays~~Securities ~~Commercial~~registered ~~Mortgage~~pursuant ~~Securities~~to ~~LLC~~ Section 12(~~Central~~b) ~~Index~~of ~~Key~~the ~~Number 0001541480)~~Act:

Title of each class Trading Symbol(~~Exact~~s) ~~name~~Name of ~~registrant~~each asexchange ~~specified~~on inwhich ~~its charter)~~registered

Delaware	333-276033-08	27-010880
(State or other jurisdiction of incorporation)	(Commission File No.)	(IRS Employer Identification No.)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

745 Seventh Avenue
New York, New York	10019
(Address of principal executive offices)	(Zip Code)

☐ Emerging growth company

~~Registrant’s~~☐ If an ~~telephone~~emerging ~~number~~growth company, ~~including~~indicate ~~area~~by ~~code~~ check mark if the registrant has elected not to use the extended transition period for complying with any new or revised Financial accounting standards provided pursuant to Section 13(~~212~~a) ~~412-4000~~ of the Exchange Act.

~~Not~~Item ~~Applicable~~6.02 Change of Servicer or Trustee.

Pursuant to Section 7.01(~~Former~~d) of ~~name~~the orpooling ~~former~~and ~~address~~servicing agreement, ifdated ~~changed~~as ~~since~~of ~~last~~March 1, 2025 (the “Pooling ~~report~~and Servicing Agreement”), among Barclays Commercial Mortgage Securities LLC, as depositor, KeyBank National Association, as master servicer, Greystone Servicing Company LLC, as special servicer (“Greystone”), Computershare Trust Company, National Association, as certificate administrator and trustee, and BellOak, LLC, as operating advisor and asset representations reviewer, relating to the issuing entity known as BBCMS Mortgage Trust 2025-5C33 (the “Issuing Entity”), effective as of June 29, 2026, Greystone was removed as special servicer and CWCapital Asset Management LLC (“CWCAM”), a Delaware limited liability company, was appointed as the successor special servicer (except with respect to any Non-Serviced Mortgage Loan and any Excluded Special Servicer Loan). In its capacity as special servicer, CWCAM will be responsible for the servicing and administration of the Specially Serviced Loans and REO Properties pursuant to the Pooling and Servicing Agreement (except with respect to any Non-Serviced Mortgage Loan and any Excluded Special Servicer Loan), a copy of which was filed as Exhibit 4.1 to the Current Report on Form 8-K/A filed by the Issuing Entity with the Securities and Exchange Commission on March 13, 2025.

~~Check~~Capitalized ~~the~~terms ~~appropriate~~used, ~~box~~but not ~~below~~defined, ifin ~~the~~this Current Report on Form 8-‑K ~~filing~~have ~~is intended to simultaneously satisfy~~ the ~~filing~~meanings ~~obligation~~set offorth in the ~~registrant~~Pooling ~~under~~and ~~any~~Servicing ~~of the following provisions:~~Agreement.

~~[_]~~CWCapital ~~Written~~Asset ~~communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)~~Management LLC

~~[_]~~CWCAM, ~~Soliciting~~a ~~material~~Delaware ~~pursuant~~limited liability company, was appointed as the special servicer, and in such capacity, CWCAM will be responsible for the servicing and administration of the Specially Serviced Loans and REO Properties, and will review, evaluate, process and/or provide or withhold consent as to ~~Rule~~Major ~~14a~~Decisions and certain other transactions and perform certain enforcement actions relating to the Mortgage Loans when such Mortgage Loans are non-12Specially ~~under~~Serviced Loans pursuant to the ~~Exchange~~Pooling ~~Act~~and ~~(17~~Servicing ~~CFR~~Agreement. ~~240~~CWCAM maintains a servicing office at 900 19th Street NW, 8th Floor, Washington, D.~~14a-12)~~C. 20006.

~~[_]~~CWCAM and ~~Pre-commencement~~its ~~communications~~affiliates ~~pursuant~~are toinvolved ~~Rule~~in ~~14d-2(b)~~the ~~under~~management, ~~the~~investment ~~Exchange~~management ~~Act~~and disposition ~~(17~~of ~~CFR~~commercial ~~240.14d-2(b))~~real estate assets, which may include:

~~[_]~~• special ~~Pre-commencement~~servicing ~~communications~~of ~~pursuant~~commercial toand multifamily ~~Rule~~real ~~13e-4(c)~~estate ~~under~~loans; ~~the Exchange Act (17 CFR 240.13e-4(c))~~

~~Securities~~• commercial ~~registered~~real ~~pursuant~~estate toproperty management ~~Section~~and ~~12(b)~~risk ofmanagement ~~the~~and ~~Act:~~insurance services;

~~Title~~• commercial ofmortgage ~~each~~and ~~class~~commercial ~~Trading~~real estate ~~Symbol(s)~~brokerage ~~Name~~services; ~~of each exchange on which registered~~

~~Indicate~~• commercial bymortgage ~~check~~note ~~mark~~and ~~whether~~commercial real ~~the~~estate ~~registrant~~sale isand andisposition ~~emerging~~services; ~~growth~~and ~~company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).~~

~~Emerging~~• investing ~~growth~~in, ~~company [_]~~managing, surveilling and acting as special servicer for commercial real estate assets including investment grade, non-investment grade and unrated securities issued pursuant to CRE, CMBS and CDO transactions.

IfCWCAM anwas ~~emerging~~organized ~~growth~~in ~~company~~June 2005 and has acted as special servicer for commercial and multifamily loans and other servicing transactions since 2005. CWCAM is a wholly-owned subsidiary of CW Financial Services LLC. CWCAM and its affiliates own, ~~indicate~~manage byand ~~check~~sell ~~mark~~assets similar ifin type to the ~~registrant~~assets ~~has~~of ~~elected~~the ~~not~~Issuing toEntity. ~~use~~Accordingly, the ~~extended~~assets ~~transition~~of CWCAM ~~period~~and ~~for~~its ~~complying~~affiliates may, depending on the particular circumstances including the nature and location of such assets, compete with ~~any~~the ~~new~~mortgaged real orproperties ~~revised~~for ~~financial~~tenants, ~~accounting~~purchasers, ~~standards~~financing ~~provided~~and ~~pursuant~~so toforth. ~~Section~~On ~~13(a)~~September 1, 2010, affiliates of certain Fortress Investment Group LLC managed funds purchased all of the ~~Exchange~~membership ~~Act~~interest of CW Financial Services LLC, the sole member of CWCAM. ~~[_]~~

~~Item~~As 1of December 31, 2023, CWCAM acted as special servicer with respect to 332 domestic CMBS pools containing approximately 10,778 loans secured by properties throughout the United States with a then current unpaid balance of $217 Billion.01 As of December 31, 2024, CWCAM acted as special servicer with respect to 336 domestic CMBS pools containing approximately 10,183 loans secured by properties throughout the United States with a then current unpaid balance of $211 Billion. ~~Entry~~As ~~into~~of December 31, 2025, CWCAM acted as special servicer with respect to 330 domestic CMBS pools containing approximately 9,300 loans secured by properties throughout the United States with a ~~Material~~then ~~Definitive~~current ~~Agreement~~unpaid balance of $194.7 billion. As of March 31, 2026, CWCAM acted as special servicer with respect to 330 domestic CMBS pools containing approximately 9,250 loans secured by properties throughout the United States with a then current unpaid balance of $193.3 Billion. Those loans include commercial mortgage loans secured by the same types of income producing properties as those securing the underlying mortgage loans.

OnCWCAM ~~March~~has ~~13,~~one ~~2025~~primary office (Washington, ~~Barclays~~D.C.) ~~Commercial~~and ~~Mortgage~~provides ~~Securities~~special ~~LLC~~servicing ~~(the~~activities ~~“Depositor”)~~for ~~caused~~investments ~~the~~in various ~~issuance~~markets ofthroughout the ~~BBCMS~~United ~~Mortgage~~States. ~~Trust~~As ~~2025-5C33,~~of ~~Commercial~~March ~~Mortgage~~31, ~~Pass-Through Certificates~~2026, ~~Series~~CWCAM ~~2025-5C33~~had 64 ~~(the~~employees ~~“Certificates”),~~responsible ~~pursuant~~for tothe aspecial ~~pooling and~~ servicing ~~agreement,~~of ~~dated~~commercial ~~and~~real ~~effective~~estate assets. asAs of March 131, ~~2025~~2026, (within the ~~“Pooling~~CMBS ~~and~~pools ~~Servicing~~described ~~Agreement”), among~~in the ~~Depositor~~preceding paragraph, as147 ~~depositor,~~assets ~~KeyBank~~were ~~National~~actually ~~Association,~~in asspecial ~~master~~servicing. ~~servicer,~~The ~~Greystone~~assets ~~Servicing~~owned, serviced ~~Company~~or ~~LLC,~~managed asby ~~special~~CWCAM ~~servicer,~~and ~~Computershare~~its ~~Trust~~affiliates ~~Company~~may, ~~National~~depending ~~Association~~on the particular circumstances, asincluding ~~certificate~~the ~~administrator~~nature and aslocation ~~trustee~~of such assets, compete ~~and~~with ~~BellOak~~the mortgaged real properties securing the underlying mortgage loans for tenants, ~~LLC~~purchasers, asfinancing ~~operating~~and ~~advisor~~so forth. CWCAM does not service or manage any assets other than commercial and asmultifamily ~~asset~~real ~~representations~~estate ~~reviewer~~assets.

~~The~~CWCAM ~~Certificates~~has ~~represent,~~policies and procedures in ~~the~~place ~~aggregate,~~that ~~the~~govern ~~entire~~its ~~beneficial~~special ~~ownership~~servicing inactivities. ~~BBCMS~~These policies ~~Mortgage~~and ~~Trust~~procedures ~~2025-5C33~~for (the ~~“Issuing~~performance ~~Entity”)~~of its special servicing obligations are, aamong ~~common~~other ~~law~~things, ~~trust~~in ~~formed~~compliance onwith ~~March~~applicable ~~13,~~servicing criteria ~~2025~~set ~~under~~forth ~~the~~in ~~laws~~Item 1122 of Regulation AB under the ~~State~~Securities ofAct, including ~~New~~managing ~~York~~delinquent ~~pursuant~~loans and loans subject to the ~~Pooling~~bankruptcy of the borrower. Standardization and ~~Servicing~~automation ~~Agreement.~~have ~~The~~been ~~assets~~pursued, ofand ~~the~~continue ~~Issuing~~to ~~Entity~~be pursued, ~~consist~~wherever ~~primarily~~possible ofso 44as ~~commercial~~to provide for continued accuracy, ~~multifamily~~efficiency, transparency, monitoring and controls. CWCAM reviews, updates and/or ~~manufactured~~creates its ~~housing~~policies and procedures throughout the year as needed to reflect any ~~community~~changing ~~mortgage~~business ~~loans~~practices, (regulatory demands or general business practice refinements and incorporates such changes into its manual. Refinements within the ~~“Mortgage~~prior ~~Loans”)~~three years include but are not limited to the improvement of controls and procedures implemented for property cash flow, wiring instructions and the expansion of unannounced property and employee audits.

~~The~~CWCAM ~~Mortgage~~occasionally ~~Loan~~engages consultants ~~secured~~to byperform ~~the mortgaged~~ property ~~identified~~inspections asand ~~“Riverwalk West” on Exhibit B~~ to ~~the~~provide ~~Pooling~~close ~~and~~surveillance on ~~Servicing Agreement (the “Riverwalk West Mortgage Loan”), which is an asset of the Issuing Entity, is part of~~ a ~~whole~~property ~~loan~~and ~~(the~~its ~~“Riverwalk~~local ~~West~~market; ~~Whole~~it ~~Loan”)~~currently ~~that~~does ~~also~~not ~~includes~~have ~~eight~~any ~~(8)~~plans ~~additional~~to engage ~~pari~~sub-servicers ~~passu~~to ~~promissory notes~~perform ~~which~~on ~~are~~its ~~not~~behalf ~~assets~~any of ~~the~~its ~~Issuing~~duties ~~Entity.~~with ~~Prior~~respect to this ~~June~~transaction. ~~30,~~CWCAM ~~2025,~~has ~~the~~made ~~Riverwalk~~all ~~West~~advances ~~Whole~~required ~~Loan~~to ~~was~~be ~~being~~made ~~serviced~~by ~~and~~it ~~administered pursuant to~~ under the ~~pooling and~~ servicing ~~agreement,~~agreements ~~dated~~on ~~and effective as of December 1, 2024 (~~the ~~“BBCMS~~commercial ~~2024-5C31 Pooling~~ and ~~Servicing~~multifamily ~~Agreement”),~~mortgage ~~among Barclays Commercial Mortgage Securities LLC, as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer, LNR Partners, LLC, as special servicer,~~loans ~~Computershare~~serviced ~~Trust~~by ~~Company,~~CWCAM ~~National~~in ~~Association,~~securitization ~~as certificate administrator and as trustee, and Pentalpha Surveillance LLC, as operating advisor and as asset representations reviewer~~transactions.

AsCWCAM ofwill ~~June~~not ~~30,~~have ~~2025,~~primary responsibility ~~the~~for ~~Riverwalk~~custody ~~West~~services ~~Whole Loan is being serviced and administered pursuant to a pooling and servicing agreement, dated as~~ of ~~June~~original 1,documents ~~2025~~evidencing (the underlying ~~“BMO 2025-5C11 Pooling and Servicing Agreement”), among BMO Commercial~~ Mortgage ~~Securities~~Loans. ~~LLC,~~On ~~as depositor~~occasion, ~~Midland~~CWCAM ~~Loan~~may ~~Services,~~have acustody ~~Division~~ of ~~PNC~~certain ~~Bank,~~of such ~~National~~documents ~~Association,~~ as ~~master~~necessary ~~servicer,~~for ~~LNR~~enforcement ~~Partners, LLC,~~actions asinvolving ~~special~~particular ~~servicer,~~underlying Mortgage ~~BellOak,~~Loans ~~LLC,~~or asotherwise. ~~operating~~To ~~advisor~~the ~~and~~extent asthat ~~asset~~CWCAM ~~representations~~has ~~reviewer,~~custody ~~Computershare~~of ~~Trust~~any ~~Company~~such documents, ~~National~~such ~~Association,~~documents aswill ~~certificate~~be ~~administrator,~~maintained ~~and~~in ~~Computershare~~a ~~Trust~~manner ~~Company,~~consistent ~~National~~with ~~Association,~~the Servicing ~~as trustee~~Standard.

~~The~~From ~~servicing~~time ~~terms~~to oftime, ~~the~~CWCAM ~~BMO~~is ~~2025-5C11~~a party ~~Pooling~~to lawsuits and ~~Servicing~~other ~~Agreement~~legal ~~applicable~~proceedings toas ~~the~~part ~~servicing~~ of ~~the~~its ~~Riverwalk~~duties ~~West~~as ~~Mortgage~~a special ~~Loan~~servicer ~~are~~(e.g., ~~substantially~~enforcement ~~similar to the terms and conditions~~ of ~~the~~loan ~~Pooling~~obligations) and/or ~~Servicing~~arising ~~Agreement~~in ~~applicable to~~ the ordinary ~~servicing~~course of ~~the~~business. ~~other~~Other ~~Mortgage~~than ~~Loans, but will differ in certain respects,~~ as ~~described~~set ~~under~~forth ~~“Pooling and Servicing Agreement—Servicing of the Non-Serviced Mortgage Loans”~~ in the ~~Prospectus~~following ~~filed~~paragraphs, there byare ~~the~~currently ~~Issuing~~no ~~Entity~~legal ~~pursuant~~proceedings topending, ~~Rule~~and ~~424(b)(2)~~no ~~with~~legal ~~respect~~proceedings known to ~~the~~be ~~Certificates~~contemplated onby ~~February~~governmental 25authorities, ~~2025~~against ~~(the~~CWCAM ~~“Prospectus”).~~or ~~The~~of ~~BMO~~which any ~~2025-5C11~~of ~~Pooling~~its ~~and~~property ~~Servicing~~is ~~Agreement~~the issubject, ~~attached~~that ~~hereto~~are asmaterial ~~Exhibit~~to 4the Certificateholders.1.

~~Item~~On 9December 1, 2017, a complaint against CWCAM and others was filed in the United States District Court for the Southern District of New York styled as CWCapital Cobalt Vr Ltd.01 v. ~~Financial~~CWCapital ~~Statements~~Investments LLC, ~~Pro~~et ~~Forma~~al., ~~Financial~~No. ~~Information~~17-cv-9463 (the “Original Complaint”). The gravamen of the Original Complaint alleged breaches of a contract and fiduciary ~~Exhibits~~duties by CWCAM’s affiliate, CWCapital Investments LLC (“CWCI”) in its capacity as collateral manager for the collateralized debt obligation transaction involving CWCapital Cobalt Vr, Ltd. In total, there are 14 counts pled in the Original Complaint. Of those 14, 5 claims were asserted against CWCAM for aiding and abetting breach of fiduciary duty, conversion and unjust enrichment. On May 23, 2018, the Original Complaint was dismissed for lack of subject matter jurisdiction. On June 28, 2018, CWCapital Cobalt Vr Ltd. filed a substantially similar complaint in the Supreme Court of the State of New York, County of New York styled as CWCapital Cobalt Vr Ltd. v. CWCapital Investments LLC, et al., Index No. 653277/2018 (the “New Complaint”). The gravamen of the New Complaint is the same as the previous complaint filed in the United State District Court for the Southern District of New York. In total there are 16 counts pled in the New Complaint. Of those 16 counts, 5 claims were asserted against CWCAM for aiding and abetting breach of fiduciary duty, conversion and unjust enrichment, 1 count seeks a declaratory judgment that the plaintiff has the right to enforce the contracts in question and 1 count seeks an injunction requiring the defendants to recognize the plaintiff as the directing holder for the trusts in question. On January 11, 2019, the plaintiff dismissed with prejudice the declaratory judgment and injunction counts. The New Complaint and related summons was not served on the defendants until July 13, 2018 and July 16, 2018. The plaintiff’s motion for a preliminary injunction was denied by the court on July 31, 2018. On August 3, 2018, the defendants, including CWCAM, filed a motion to dismiss the New Complaint in its entirety. On August 20, 2019, the court entered an order granting defendants’ motion almost in its entirety, dismissing 11 of the 16 counts and partially dismissing 2 additional counts. Of the remaining counts, 2 are asserted against CWCAM for aiding and abetting breach of fiduciary duty and unjust enrichment. On September 19, 2019, CWCapital Cobalt Vr Ltd. filed a notice of appeal relating to the August 20, 2019 dismissal order and on September 26, 2019, filed an amended complaint against CWCI and CWCAM attempting to address deficiencies relating to certain of the claims dismissed by the August 20, 2019 order. CWCI and CWCAM filed its Motion to Dismiss the amended complaint on October 28, 2019. The court heard argument on the Motion to Dismiss the amended complaint on January 22, 2020 and on October 23, 2020, the court granted the motion dismissing the amended claims. On November 30, 2020, CWCapital Cobalt Vr Ltd filed a notice of appeal relating to the October 23, 2020 dismissal order. On April 27, 2021, the First Department affirmed the dismissal as to claims against CWCAM that were part of the August 20, 2019 dismissal, but reversed the dismissal of two counts for breach of the collateral management agreement against CWCI. CWCI sought leave to file an appeal of the decision. The plaintiff also sought leave to appeal the dismissal of the claims against CWCAM. Both requests for leave were denied by the First Department. On May 15, 2020, CWCI and CWCAM filed a motion to renew its motion to dismiss as to 4 of the remaining counts (including the remaining two counts against CWCAM for aiding and abetting breach of fiduciary duty and unjust enrichment), based on a decision entered by Judge Failla in a trust instruction proceeding in the US District Court for the Southern District of New York awarding summary judgment in favor of CWCAM. On September 7, 2021, the court denied the motion to renew. CWCI and CWCAM filed a notice of appeal, which they perfected by the filing of their opening brief on July 1, 2022. On November 15, 2022, the First Department affirmed the court’s denial of the motion to renew. On October 1, 2021, CWCI and CWCAM moved to reargue the denial of the motion to renew (or alternatively, the motion to dismiss) with respect to certain of Cobalt’s claims, including the remaining 2 claims against CWCAM, based on the First Department’s April 27, 2021 decision. On March 24, 2022, the court denied the relief sought in the motion to reargue. CWCI and CWCAM appealed the court’s decision on the motion to reargue and filed their opening brief on July 11, 2022. The appeal was dismissed as being non-appealable on August 30, 2022. Discovery (both fact and expert) concluded on March 1, 2024. CWCAM and CWCI filed a motion for summary judgment on March 29, 2024, seeking dismissal of all the claims in their entirety. On that same date, the plaintiff cross moved for summary judgment on one of the claims asserted against only CWCI. Oral argument on the parties’ summary judgment motions were heard on October 22, 2024. On January 13, 2026, the court denied plaintiff’s motion for summary judgment and granted, in part, and denied, in part, the motion filed by CWCI and CWCAM. Specifically, the court dismissed the remaining two counts against CWCAM for aiding and abetting breach of fiduciary duty and unjust enrichment. With respect to CWCI, the court dismissed two counts against CWCI in their entirety and dismissed portions of one count against CWCI. The only three counts that survived and remain in the case are against CWCI. The court severed the dismissed claims from the surviving claims. On January 22, 2026, CWCI filed a notice of appeal. On February 17, 2026, the plaintiff filed a notice of appeal. On January 26, 2026, CWCI and CWCAM submitted an order to the court, requesting that it direct the clerk’s office to enter judgment on the dismissed claims and that CWCAM be dismissed as a defendant from the action. On February 20, 2026, the court entered that order. On April 22, 2026, the clerk’s office entered judgment dismissing CWCAM as a defendant from the action. CWCAM believes that it has performed its obligations under the related pooling and servicing agreements in good faith.

(d)	Exhibits
Exhibit No.	Description
Exhibit 4.1	Pooling and Servicing Agreement, dated as of June 1, 2025, among BMO Commercial Mortgage Securities LLC, as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer, LNR Partners, LLC, as special servicer, BellOak, LLC, as operating advisor and as asset representations reviewer, Computershare Trust Company, National Association, as certificate administrator, and Computershare Trust Company, National Association, as trustee.

CWCAM may enter into one or more arrangements with any Directing Certificateholder, any Controlling Class Certificateholder, any person with the right to appoint or remove and replace CWCAM as the special servicer, or any other person (or an affiliate or a third-party representative of one or more of the preceding) to provide for a discount and/or revenue sharing with respect to certain of the special servicer compensation in consideration of, among other things, the appointment (or continuance) of CWCAM as special servicer under the Pooling and Servicing Agreement and limitations on the right of such person to replace CWCAM as the special servicer.

~~Pursuant~~Neither toCWCAM ~~the~~nor, ~~requirements~~to ofCWCAM’s knowledge, ~~the~~any ~~Securities~~affiliate ~~Exchange Act~~ of ~~1934~~CWCAM, ~~the registrant~~ has ~~caused~~any ~~this~~interest ~~report~~retained toin ~~be signed on its behalf by the undersigned thereunto duly authorized~~this transaction.

Date: July 1, 2025	Barclays Commercial Mortgage Securities LLC
	(Registrant)
	By:	/s/ Daniel Schmidt
		Name:	Daniel Schmidt
		Title:	Chief Executive Officer

No securitization transaction involving commercial or multifamily mortgage loans in which CWCAM was acting as special servicer has experienced an event of default as a result of any action or inaction performed by CWCAM as special servicer. The special servicer ratings of CWCAM are “STRONG” by S&P, “MOR CS1” by DBRS Morningstar and “CSS-“ by Fitch.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Barclays Commercial Mortgage Securities LLC
(Depositor)

/s/ Daniel Schmidt
Daniel Schmidt, Authorized Signatory

Date: June 29, 2026

Filing Compare · BBCMS Mortgage Trust 2025-5C33