On August 31, 2026, Morgan Stanley Capital I Inc. caused the issuance of the BANK5 2026-5YR24, Commercial Mortgage Pass-Through Certificates, Series 2026-5YR24. The transaction was executed pursuant to a Pooling and Servicing Agreement dated August 1, 2026, between the Registrant as depositor and several entities including Trimont LLC as master servicer and CWCapital Asset Management LLC as special servicer.
The asset backing the certificates is a single mortgage loan secured by the property identified as "1351 Jerome Avenue." This loan is part of a larger whole loan structure that includes companion notes and subordinate promissory notes, which are not assets of the Issuing Entity. The whole loan was previously securitized on September 30, 2026, in connection with the issuance of BBCMS Mortgage Trust 2026-M1 certificates. Consequently, the servicing of the 1351 Jerome Avenue Mortgage Loan is now administered under the BBCMS 2026-M1 Pooling and Servicing Agreement dated September 1, 2026.
The terms of the new servicing agreement differ from the original agreement in several respects. The Non-Serviced Master Servicer earns a servicing fee of 0.00125% per annum. The special servicing fee for the 1351 Jerome Avenue Whole Loan accrues at the greater of 0.25000% per annum or a rate resulting in a monthly fee of $3,500. Additionally, the Non-Serviced Special Servicer is entitled to a workout fee of 1.00% of each collection, with a minimum of $25,000, and a liquidation fee equal to the lesser of 1.00% or a rate that results in a fee of $1,000,000.
