Benchmark 2024-V6 Mortgage Trust·8-K

Jul 15, 12:53 PM ET

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Benchmark 2024-V6 Mortgage Trust 8-K

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Benchmark 2024-V6 Mortgage Trust Reports Special Servicer Change

What Happened
Benchmark 2024-V6 Mortgage Trust filed a Form 8-K (Item 8.01) announcing that CWCapital Asset Management LLC (CWCAM) was appointed successor special servicer for the 369 Lexington Avenue & 2 West 46th Street mortgage loan under the BMO 2023-5C2 pooling and servicing agreement. The change, replacing Greystone Servicing Company LLC pursuant to Section 6.08(a) of the BMO 2023-5C2 PSA, is effective July 15, 2026. The loan is part of a loan combination administered under the BMO 2023-5C2 PSA (filed as Exhibit 4.5 to the registrant’s 8-K on March 18, 2024).

Key Details

  • The 369 Lexington Ave & 2 W 46th St mortgage loan represented approximately 2.0% of the issuing entity’s asset pool as of the cut-off date.
  • Greystone Servicing Company LLC was removed as special servicer; CWCapital Asset Management LLC (CWCAM) appointed successor special servicer.
  • Appointment effective date: July 15, 2026. CWCAM servicing office: 900 19th Street NW, 8th Floor, Washington, D.C. 20006.
  • The loan is being specially serviced, if necessary, under the BMO 2023-5C2 PSA; no financial terms or expected cash-flow impacts were disclosed in the filing.

Why It Matters
Special servicer changes affect who handles workout, loss mitigation or enforcement actions for troubled loans. For investors, this is a note-worthy operational change for a loan that equals about 2% of the trust’s assets—material enough to monitor but not a majority of the pool. The filing does not disclose any cash-flow impact, sale, settlement amount, or other financial terms, so investors should watch future reports for performance updates or additional actions related to this loan.

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