On October 30, 2026, Morgan Stanley Capital I Inc. filed an 8-K report announcing the issuance of the BANK5 2026-5YR24, Commercial Mortgage Pass-Through Certificates, Series 2026-5YR24.
The transaction, which closed on August 31, 2026, is secured by a single mortgage loan identified as “111 Congress,” located on Exhibit B of the related Pooling and Servicing Agreement. The loan is part of a larger whole loan structure that includes companion notes not included in this specific trust.
The filing details the servicing arrangements for the loan. Following the securitization of the lead servicing companion loan on October 29, 2026, the 111 Congress Mortgage Loan is now serviced under a separate agreement. Under the new agreement with Barclays Commercial Mortgage Securities LLC, the Non-Serviced Master Servicer earns a fee of 0.00125% per annum. The Non-Serviced Special Servicer, Rialto Capital Advisors, LLC, is entitled to a special servicing fee of at least 0.25000% per annum or a minimum fee of $5,000 per month, depending on which amount is higher. Additionally, the special servicer is entitled to a workout fee of 1.00% of collections (with a minimum of $25,000) and a liquidation fee of 1.00% (also with a minimum of $25,000).
The filing also notes differences in governance between the two agreements. The new agreement does not provide nonbinding consultation rights to holders of credit risk retention interests, and the operating advisor has broader powers to recommend the termination of the special servicer under certain conditions.
