Benchmark 2026-B42 Mortgage Trust 8-K

What Happened Benchmark 2026-B42 Mortgage Trust filed an 8-K reporting that, effective July 2, 2026, Torchlight Loan Services, LLC (a Delaware LLC) will act as special servicer for the Cummins Station mortgage loan and related pari passu and/or subordinate promissory notes (the “Cummins Station Non-Serviced Loan Combination”). Torchlight replaces Greystone Servicing Company LLC and was appointed at the direction of 400 Capital Management LLC, the directing certificateholder under the BANK5 2024-5YR8 pooling and servicing agreement (PSA). Servicing continues to be governed by the BANK5 2024-5YR8 PSA.

Key Details

• Effective date: July 2, 2026.
• New special servicer: Torchlight Loan Services, LLC; prior special servicer: Greystone Servicing Company LLC.
• Appointment made at the direction of 400 Capital Management LLC (directing certificateholder under BANK5 2024-5YR8 PSA).
• Scope: Torchlight will handle servicing and administration if the loan becomes specially serviced, manage any related REO property, and perform certain reviews of material actions when the loan is not specially serviced.

Why It Matters A change in special servicer affects who oversees loss-mitigation, foreclosure, REO disposition and other workout or enforcement actions for the Cummins Station loan. Investors should note the governance remains under the BANK5 2024-5YR8 PSA, but operational handling and timing of any special-servicing actions will now be directed by Torchlight at the request of the directing certificateholder.