BANK 2022-BNK40·8-K

Jul 7, 9:17 AM ET

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BANK 2022-BNK40 8-K

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BANK 2022-BNK40 Reports Special Servicer Change for Journal Squared Loan

What Happened
BANK 2022-BNK40 filed a Current Report on Form 8-K on July 7, 2026 announcing that Torchlight Loan Services, LLC has been appointed successor special servicer for the Journal Squared Tower 2 Mortgage Loan under the Wells Fargo Commercial Mortgage Trust 2022-JS2 trust and servicing agreement (WFCM 2022-JS2 TSA). Situs Holdings, LLC was removed as special servicer pursuant to Section 7.1(d) of the WFCM 2022-JS2 TSA. The Journal Squared Tower 2 Mortgage Loan is part of a loan combination administered under the January 27, 2022 TSA.

Key Details

  • The Journal Squared Tower 2 Mortgage Loan represented approximately 9.4% of the issuing entity’s asset pool as of the cut-off date.
  • The appointment of Torchlight as successor special servicer is effective July 7, 2026.
  • Torchlight Loan Services, LLC principal special servicing office: 90 Park Avenue, 20th Floor, New York, NY 10016; phone: 212-883-2800.
  • The servicing change is made under the WFCM 2022-JS2 TSA referenced in the registrant’s March 10, 2022 Form 8-K (Exhibit 99.6).

Why It Matters
Special servicer appointments affect who is responsible for oversight and remedial actions on loans that may require heightened monitoring or workout efforts. Because the Journal Squared Tower 2 Mortgage Loan comprises about 9.4% of the trust’s asset pool, investors should note the change in the party handling any special servicing duties for a material loan in the pool. The filing is a formal notice of that administrative change; it does not itself report loan performance, defaults, or financial outcomes.

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