BBCMS Mortgage Trust 2024-5C31 8-K

What Happened
BBCMS Mortgage Trust 2024-5C31 filed a Form 8-K on July 17, 2026 to report that CWCapital Asset Management LLC (CWCAM) has been appointed successor special servicer for the 125 Summer Mortgage Loan under the BMO 2024-5C7 pooling and servicing agreement (PSA). Greystone Servicing Company LLC was removed as special servicer, and the change is effective July 17, 2026. The 125 Summer Mortgage Loan represented about 3.4% of the issuing entity’s asset pool as of its cut-off date.

Key Details

• The servicing change is made pursuant to Section 6.08(a) of the BMO 2024-5C7 PSA (PSA dated October 1, 2024).
• Effective date: July 17, 2026.
• Affected asset: 125 Summer Mortgage Loan, ~3.4% of the pool at cut-off.
• Successor special servicer: CWCapital Asset Management LLC (servicing office: 900 19th Street NW, 8th Floor, Washington, D.C. 20006).

Why It Matters
This is a servicing-level change for one loan in the trust and does not report any cash‑flow, pricing or other financial adjustments. Because the loan is roughly 3.4% of the pool, the direct financial impact on the trust is likely limited; however, a change in the special servicer can affect how a distressed or workout situation is managed. Investors should watch future trustee or servicer reports and subsequent filings for any material updates on the loan’s performance or remediation steps.