BBCMS Mortgage Trust 2024-5C31 8-K

What Happened
BBCMS Mortgage Trust 2024-5C31 filed an 8-K (Item 8.01) to report that, effective July 29, 2026, CWCapital Asset Management LLC (CWCAM) was appointed successor special servicer for the Colony Square Mortgage Loan under the BMO 2024-5C8 pooling and servicing agreement (PSA). The Colony Square Mortgage Loan made up approximately 3.4% of the issuing entity’s asset pool as of the cut‑off date. Greystone Servicing Company LLC was removed as special servicer pursuant to Section 6.08(a) of the BMO 2024-5C8 PSA. The filing notes CWCAM will specially service the loan, if necessary.

Key Details

• Colony Square Mortgage Loan = ~3.4% of the asset pool as of the cut-off date.
• Effective date of servicer change: July 29, 2026.
• Successor special servicer appointed: CWCapital Asset Management LLC; predecessor: Greystone Servicing Company LLC.
• Servicing governed by the BMO 2024-5C8 PSA (dated Dec 1, 2024); CWCAM office: 900 19th Street NW, 8th Floor, Washington, D.C. 20006.

Why It Matters
A special servicer is the party that handles loan workout, enforcement or other special servicing actions if problems arise. Recording this change informs investors which firm will manage any special servicing actions for a loan that represents a measurable portion (~3.4%) of the trust’s assets. The 8-K is a formal notice of the change and the effective date; it does not itself report any loan performance outcome or financial impact.