BMO 2024-5C8 Mortgage Trust Appoints New Special Servicer

What Happened

• BMO 2024-5C8 Mortgage Trust filed an 8‑K on July 29, 2026 reporting that 400 Capital Management, LLC (the Directing Holder) terminated Greystone Servicing Company LLC as special servicer and appointed CWCapital Asset Management LLC (CWCAM) as successor special servicer, effective July 29, 2026. An Acknowledgment and Assumption of Proposed Special Servicer dated July 29, 2026 is attached as Exhibit 20.1.
• CWCAM will handle servicing and administration of the Trust’s Specially Serviced Loans and REO Properties. The filing describes CWCAM’s operations, controls, experience and disclosures about potential conflicts (its affiliates own/manage similar commercial real estate assets).

Key Details

• Effective date: July 29, 2026; Directing Holder: 400 Capital Management, LLC; outgoing special servicer: Greystone Servicing Company LLC; incoming: CWCapital Asset Management LLC.
• CWCAM background and scale (per filing): as of March 31, 2026 it serviced 330 domestic CMBS pools covering ~9,250 loans with a current unpaid balance of $193.3 billion; 64 employees; 147 assets in special servicing as of March 31, 2026.
• Ratings: special servicer ratings reported as “STRONG” (S&P), “MOR CS1” (DBRS Morningstar), and “CSS-” (Fitch).
• Legal note: CWCAM was dismissed as a defendant in a long‑running New York action (CWCapital Cobalt Vr Ltd.) and the clerk entered judgment dismissing CWCAM on April 22, 2026, per the filing.
• Operational notes: CWCAM says it has policies and procedures aligned with Regulation AB servicing criteria, has made required advances in prior securitizations, will not have primary custody of original loan documents, and does not currently plan to use sub‑servicers for this transaction.

Why It Matters

• A change in special servicer affects who manages troubled loans and REO and can influence workout decisions, timing of recoveries and cash flows to certificateholders. Investors in the Trust should note the new servicer’s scale, experience, ratings and disclosed controls.
• The filing discloses potential conflicts (CWCAM affiliates own/manage similar assets) and confirms no prior securitization in which CWCAM served as special servicer experienced an event of default due to its actions, and that CWCAM has been dismissed from the key litigation referenced. These are factual items investors can weigh when assessing servicing risk and oversight.