BANK 2019-BNK24 Reports Special Servicer Change for ILPT Loan

What Happened

• BANK 2019-BNK24 filed a Form 8-K (Item 8.01) to report a servicing change: Situs Holdings, LLC was removed as special servicer of the ILPT Industrial Portfolio Mortgage Loan and Argentic Services Company LP (“Argentic”) was appointed as successor special servicer under the Morgan Stanley Capital I Trust 2019-L3 pooling and servicing agreement (the MSC 2019-L3 PSA). The change is effective September 21, 2026.

Key Details

• The ILPT Industrial Portfolio Mortgage Loan represented approximately 2.0% of the issuing entity’s asset pool as of the cut-off date.
• The MSC 2019-L3 PSA is dated November 1, 2019; the servicing change was made pursuant to Section 7.01(d) of that PSA.
• Situs Holdings, LLC was removed; Argentic Services Company LP, principal office 740 E. Campbell Rd., Suite 600, Richardson, TX 75081, phone 469-609-2000, is the successor special servicer.
• The filing states Argentic will specially service the loan, if necessary, under the terms of the MSC 2019-L3 PSA.

Why It Matters

• This filing documents an operational change in who handles special servicing for a specific loan in the trust. For investors, the item is a record of who will administer and, if required, take special servicing actions (collections, workouts, enforcement) on the ILPT loan under the trust agreement. The loan is a relatively small portion of the pool (about 2.0%), and the report does not disclose any changes to financial performance, principal balances, or cash flows for the trust.