Benchmark 2024-V11 Mortgage Trust 8-K

What Happened
Benchmark 2024-V11 Mortgage Trust filed an 8-K (Item 6.02) announcing that, effective July 29, 2026, CWCapital Asset Management LLC ("CWCapital") will replace Greystone Servicing Company LLC as special servicer for the Colony Square Non-Serviced Loan Combination. The appointment was made at the direction of 400 Capital Management LLC, the directing certificateholder under the BMO 2024-5C8 pooling and servicing agreement (the "BMO 2024-5C8 PSA"). Servicing will continue to be governed by the BMO 2024-5C8 PSA.

Key Details

• Effective date: July 29, 2026.
• New special servicer: CWCapital Asset Management LLC; prior special servicer: Greystone Servicing Company LLC.
• Loan(s) affected: the Colony Square mortgage loan and related pari passu and/or subordinate promissory notes (the "Colony Square Non-Serviced Loan Combination").
• Scope: CWCapital will handle servicing and administration if the loan becomes specially serviced (including any related REO) and will perform certain reviews and processing when the loan is not specially serviced.

Why It Matters
A special servicer change affects who manages defaulted-loan workouts, repossessions (REO) and major enforcement decisions for the Colony Square loan. For investors, this is an operational change—the filing does not state any immediate cash-flow or structural impacts to the trust. The trust’s servicing terms remain governed by the BMO 2024-5C8 PSA, and the appointment was directed by the certificateholder with control under that PSA.