Morgan Stanley Bank of America Merrill Lynch Trust 2026-C36 issued Commercial Mortgage Pass-Through Certificates, Series 2026-C36 on August 26, 2026. The transaction was executed pursuant to a Pooling and Servicing Agreement dated August 1, 2026, between the Depositor, Banc of America Merrill Lynch Commercial Mortgage Inc., and various other parties including Trimont LLC as master servicer and Argentic Services Company LP as special servicer.
The Issuing Entity is a common law trust fund formed under New York law. Its assets consist of thirty-one fixed-rate mortgage loans secured by first liens on fifty-seven properties. The properties include multifamily, commercial, manufactured housing community, and residential cooperative assets. The trust includes two specific loans that are part of larger whole loans not fully owned by the trust. These include the Arizona Mills Mortgage Loan, which is part of the Arizona Mills Whole Loan, and the Orchard at Saddleback Mortgage Loan, which is part of the Orchard at Saddleback Whole Loan.
Regarding the Arizona Mills and Orchard at Saddleback loans, the Pooling and Servicing Agreement stipulates that these whole loans will be serviced and administered under a separate agreement, the BMO 2026-C15 PSA, following the securitization of related pari passu notes on August 31, 2026. The fees for servicing these non-serviced loans differ from the standard terms. The Non-Serviced Master Servicer earns a primary servicing fee of 0.00125% per annum. If the whole loan becomes specially serviced, the Non-Serviced Special Servicer earns a fee of 0.25% per annum, subject to a monthly minimum of $5,000. Additionally, the Non-Serviced Special Servicer is entitled to a workout fee of 1.0% of principal and interest payments after a workout, capped at $1,000,000, and a liquidation fee of 1.0% of net liquidation proceeds, also capped at $1,000,000.
