BMO 2025-5C12 Mortgage Trust 8-K

What Happened
BMO 2025-5C12 Mortgage Trust filed an 8-K (Item 8.01) reporting that, effective July 8, 2026, the directing holder under the Benchmark 2025-V17 pooling and servicing agreement terminated Greystone Servicing Company LLC as special servicer and appointed Torchlight Loan Services, LLC as successor special servicer. The change affects Mortgage Loans identified on the trust’s mortgage loan schedule as Warren Corporate Center and 1000 Portside Drive, which are assets of the Issuing Entity and are being serviced pursuant to the Benchmark 2025-V17 PSA.

Key Details

• Effective date of change: July 8, 2026.
• Outgoing special servicer: Greystone Servicing Company LLC. Incoming special servicer: Torchlight Loan Services, LLC.
• Affected loans (assets of the Issuing Entity): Warren Corporate Center and 1000 Portside Drive.
• Related document: Acknowledgement of Replacement Special Servicer dated July 8, 2026 is filed as Exhibit 20.1.

Why It Matters
A special servicer handles workouts, enforcement and other special servicing actions for troubled or non‑standard commercial mortgage loans. A change in special servicer can affect how those loans are managed and the timing of any recovery actions, but the filing does not state any financial effect or change to the trust’s cash‑flow terms. Investors should note the operational change and review the attached acknowledgement and the underlying PSAs if they want detail on rights, responsibilities or potential impacts.