Benchmark 2025-V18 Mortgage Trust 8-K

What Happened Benchmark 2025‑V18 Mortgage Trust filed an 8‑K (Item 6.02) to report that, effective July 8, 2026, Torchlight Loan Services, LLC was appointed successor special servicer for the Pacifica Hotel Portfolio (4‑Pack) Mortgage Loan under the BMARK 2025‑V17 pooling and servicing agreement. Greystone Servicing Company LLC was removed as the special servicer pursuant to Section 3.22(b) of the BMARK 2025‑V17 PSA.

Key Details

• The Pacifica Hotel Portfolio (4‑Pack) Mortgage Loan represented approximately 0.9% of the issuing entity’s asset pool as of its cut‑off date.
• Appointment made under the pooling and servicing agreement dated September 1, 2025 (BMARK 2025‑V17 PSA).
• Effective date of change: July 8, 2026.
• Successor special servicer: Torchlight Loan Services, LLC (90 Park Avenue, 20th Floor, New York, NY 10016; phone 212‑883‑2800).

Why It Matters A special servicer handles troubled loans, workouts and foreclosure actions if needed, so a change can affect how this loan is managed. However, the loan is a small portion of the trust (~0.9%), so this appointment alone is unlikely to materially change the trust’s overall asset profile. Investors should note the servicer change for monitoring loan‑level servicing activity and any future servicing reports.