BANK5 2024-5YR9 8-K

What Happened
BANK5 2024-5YR9 filed a Form 8-K reporting a change of special servicer. Effective July 2, 2026, Greystone Servicing Company LLC was removed as special servicer for the 640 5th Avenue Mortgage Loan, the Showcase I Mortgage Loan and the Cummins Station Mortgage Loan, and Torchlight Loan Services, LLC was appointed as successor special servicer under the BANK5 2024-5YR8 pooling and servicing agreement (the “BANK5 2024-5YR8 PSA”).

Key Details

• Effective date: July 2, 2026.
• Loans affected: 640 5th Avenue Mortgage Loan (≈6.4% of the issuing entity’s asset pool as of the cut-off date), Showcase I Mortgage Loan (≈3.4%), Cummins Station Mortgage Loan (≈2.7%). Combined these loans represent about 12.5% of the asset pool as of the cut-off date.
• Governing agreement: Servicing change made pursuant to Section 7.01(d) of the BANK5 2024-5YR8 PSA (PSA dated August 1, 2024; referenced in the registrant’s Form 8‑K filed August 21, 2024).
• Successor servicer contact: Torchlight Loan Services, LLC, 90 Park Avenue, 20th Floor, New York, NY 10016; phone 212-883-2800. The loans will be specially serviced by Torchlight “if necessary” under the PSA.

Why It Matters
A change in special servicer affects who handles loan workouts, defaults, and other special servicing actions for these assets. Because the three loans account for roughly 12.5% of the trust’s asset pool at cut-off, the appointment could be material to how any future troubled-loan issues are managed. This filing records the administrative change; it does not itself report changes to loan performance or cash flows.