Benchmark 2024-V12 Mortgage Trust 8-K

What Happened
Benchmark 2024-V12 Mortgage Trust filed a Form 8-K (Item 8.01) to report that the Black Spruce - Briarwood and Prospect Mortgage Loan — which represented approximately 3.6% of the issuing entity’s asset pool as of the cut-off date — is part of a loan combination governed by the BMO 2024-5C8 pooling and servicing agreement (PSA). Pursuant to Section 6.08(a) of that PSA, Greystone Servicing Company LLC was removed as special servicer for this loan and CWCapital Asset Management LLC (CWCAM) was appointed successor special servicer, effective July 29, 2026. CWCAM’s servicing office is at 900 19th Street NW, 8th Floor, Washington, D.C. 20006.

Key Details

• The affected loan is the Black Spruce - Briarwood and Prospect Mortgage Loan (≈3.6% of the asset pool).
• Change is under the BMO 2024-5C8 PSA (dated December 1, 2024); appointment effective July 29, 2026.
• Greystone Servicing Company LLC was removed as special servicer; CWCapital Asset Management LLC (CWCAM) is the successor.
• The loan will be specially serviced by CWCAM if necessary, pursuant to the PSA.

Why It Matters
A special servicer handles distressed loans and workout or enforcement actions; changing the special servicer affects who manages any troubled loan resolution for this mortgage. Because the loan represents about 3.6% of the trust’s pool, the change is material to that specific asset but is a relatively small portion of the overall trust. Investors should note the new servicer name and effective date for monitoring any future servicing actions or disclosures related to this loan.