Benchmark 2024-V8 Mortgage Trust 8-K

What Happened
Benchmark 2024-V8 Mortgage Trust filed an 8-K on July 2, 2026 reporting a change of special servicer. Torchlight Loan Services, LLC (a Delaware LLC) was appointed special servicer for the 640 5th Avenue Non-Serviced Loan Combination and the Showcase I Non-Serviced Loan Combination, replacing Greystone Servicing Company LLC. The appointment was made at the direction of 400 Capital Management LLC, the directing certificateholder under the BANK5 2024-5YR8 pooling and servicing agreement (PSA).

Key Details

• Effective date: July 2, 2026.
• New special servicer: Torchlight Loan Services, LLC (replaces Greystone Servicing Company LLC).
• Affected loans: 640 5th Avenue Non-Serviced Loan Combination and Showcase I Non-Serviced Loan Combination (each includes related pari passu and/or subordinate promissory notes).
• Authority and governance: Appointment directed by 400 Capital Management LLC and servicing remains governed by the BANK5 2024-5YR8 PSA.
• Torchlight’s role: Responsible for servicing and administration if either loan combination becomes specially serviced (including related REO), and for processing/reviewing certain material actions when not specially serviced.

Why It Matters
A change in special servicer affects who handles problem loans and any related real-estate-owned (REO) assets for these specific loan combinations. For investors in the trust or parties tracking the BANK5 2024-5YR8 securitization, the appointment signals a shift in operational control over workout, enforcement, or disposition actions for these loans — though the underlying PSA and its governance remain in effect.