BMO 2024-5C7 Mortgage Trust Reports Special Servicer Change

What Happened

• On July 29, 2026, BMO 2024-5C7 Mortgage Trust filed an 8-K reporting that the directing holder under the related BMO 2024-5C8 PSA has terminated Greystone Servicing Company LLC as special servicer and appointed CWCapital Asset Management LLC as successor special servicer, effective July 29, 2026.
• The change relates to the Mortgage Loan secured by the Mortgaged Property identified on the Mortgage Loan Schedule as "Colony Square," an asset of the Issuing Entity. The BMO 2024-5C8 PSA (dated December 1, 2024) governs servicing for that loan; the BMO 2024-5C7 PSA (dated October 1, 2024) is the pooling and servicing agreement for the Issuing Entity. An Acknowledgment and Assumption of Proposed Special Servicer dated July 29, 2026 is attached as Exhibit 20.1 to the filing.

Key Details

• Filing date: July 29, 2026 (Current Report on Form 8-K, Item 8.01).
• Asset affected: Mortgage loan for "Colony Square" listed on the Issuing Entity’s Mortgage Loan Schedule.
• Servicer change: Greystone Servicing Company LLC terminated as special servicer; CWCapital Asset Management LLC appointed successor, effective July 29, 2026.
• Related agreements: Change implemented under the BMO 2024-5C8 PSA (Dec 1, 2024); BMO 2024-5C7 PSA (Oct 1, 2024) governs the Issuing Entity.

Why It Matters

• The special servicer handles workout, enforcement and other critical decisions for troubled or non-performing commercial mortgage loans. A change in special servicer can affect how the Colony Square loan is managed and therefore could influence timing of recoveries or cash flows tied to certificates that include this loan.
• This is an operational notice rather than a financial report; investors holding interests in the related trusts should review the attached Acknowledgment and Assumption and monitor future trustee or servicer reports for impacts on cash distributions or loan status.