Benchmark 2025-V17 Mortgage Trust Appoints C-IV AM as Special Servicer

What Happened

• Benchmark 2025-V17 Mortgage Trust filed an 8-K (Item 8.01) disclosing that, effective September 1, 2026, C‑IV Asset Management LLC (C‑IV AM) will act as special servicer for The Link mortgage loan and each related pari passu and/or subordinate promissory note (the “Applicable Non‑Serviced Loan Combination”).
• As special servicer, C‑IV AM will be responsible for servicing and administering the Applicable Non‑Serviced Loan Combination if it becomes specially serviced, including servicing and administration of any related REO property. When the loan is not specially serviced, C‑IV AM will handle processing and certain reviews of material actions.
• Servicing of the Applicable Non‑Serviced Loan Combination remains governed by the pooling and servicing agreement for the Benchmark 2025‑V14 securitization (the “Applicable PSA”).

Key Details

• Effective date: September 1, 2026.
• Appointed special servicer: C‑IV Asset Management LLC (Delaware LLC).
• Scope: The Link mortgage loan and related pari passu and/or subordinate promissory notes (the “Applicable Non‑Serviced Loan Combination”).
• Duties: Special servicing and administration if specially serviced; review and processing of certain material actions when not specially serviced; management of related REO property as applicable.

Why It Matters

• This filing notifies investors of a change in who will handle special servicing duties for a specific loan in the trust. Special servicers manage workouts, foreclosures and REO disposition when loans become distressed, so the designation can affect how that loan is handled operationally.
• The pool’s governing documents (the Applicable PSA) continue to control servicing rights and procedures, so investors should note the administrative change while recognizing contractual terms remain in force.