BMO 2024-5C5 Mortgage Trust 8-K

What Happened The BMO 2024-5C5 Mortgage Trust filed an 8-K (Item 8.01) reporting that the directing certificateholder under the BANK5 2024-5YR8 pooling and servicing agreement terminated Greystone Servicing Company LLC as special servicer and appointed Torchlight Loan Services, LLC as successor special servicer, effective July 2, 2026. The change applies to the Mortgage Loan identified on the Trust’s schedule as iPark Norwalk, which is being serviced under the BANK5 2024-5YR8 PSA (dated August 1, 2024). An Acknowledgement of Replacement Special Servicer dated July 2, 2026 is included as Exhibit 20.1 to the filing.

Key Details

• Effective date of change: July 2, 2026.
• Asset affected: the iPark Norwalk mortgage loan, an asset of the Issuing Entity.
• Change: Greystone Servicing Company LLC terminated as special servicer; Torchlight Loan Services, LLC appointed as successor.
• Servicing governed by BANK5 2024-5YR8 PSA (dated August 1, 2024); related acknowledgement attached as Exhibit 20.1.

Why It Matters The special servicer handles workout decisions, default management, and other actions that can affect recoveries and cash flows for certificateholders. A replacement can change who makes those decisions and how they are managed, which may affect timing or amounts of distributions tied to the loan. The filing does not state a reason for the change or disclose any expected financial impact; investors in the trust or related certificates should monitor future servicing reports or trustee communications for additional details.