8-K - BANK5 2026-5YR24 (0002148771) (Filer)
SEC · EDGAR 财务披露 · October 7, 2026 at 1:31 PM ET
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): October 7, 2026
Central Index Key Number of the issuing entity: 0002148771
BANK5 2026-5YR24
(Exact name of Issuing Entity)
Central Index Key Number of the depositor: 0001547361
Morgan Stanley Capital I Inc.
(Exact Name of Registrant as Specified in its Charter)
Central Index Key Number of the sponsor: 0001541557
Morgan Stanley Mortgage Capital Holdings LLC
Central Index Key Number of the sponsor: 0001102113
Bank of America, National Association
Central Index Key Number of the sponsor: 0000740906
Wells Fargo Bank, National Association
Central Index Key Number of the sponsor: 0000835271
JPMorgan Chase Bank, National Association
(Exact Names of the Sponsors as Specified in their Charters)
| Delaware | 333-282944-07 | 13-3291626 |
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
| 1585 Broadway, New York, New York | 10036 |
| (Address of Principal Executive Offices) | (Zip Code of depositor) |
Registrant’s telephone number, including area code: (212) 761-4000
Not applicable
(Former name or former address, if changed since last report.)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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Item 1.01. Entry into a Material Definitive Agreement.
On August 31, 2026 (the “Closing Date”), Morgan Stanley Capital I Inc. (the “Registrant”) caused the issuance of the BANK5 2026-5YR24, Commercial Mortgage Pass-Through Certificates, Series 2026-5YR24 (the “Certificates”), pursuant to a Pooling and Servicing Agreement, dated as of August 1, 2026 (the “Pooling and Servicing Agreement”), between the Registrant, as depositor, Trimont LLC, as master servicer, CWCapital Asset Management LLC, as special servicer, Computershare Trust Company, National Association, as certificate administrator, Deutsche Bank National Trust Company, as trustee, and Park Bridge Lender Services LLC, as operating advisor and as asset representations reviewer. Capitalized terms used but not defined herein shall have the meanings assigned to them in the Pooling and Servicing Agreement.
One mortgage loan, secured by the mortgaged property identified as “1351 Jerome Avenue” on Exhibit B to the Pooling and Servicing Agreement (the “1351 Jerome Avenue Mortgage Loan”), is an asset of the Issuing Entity and is part of a whole loan (the “1351 Jerome Avenue Whole Loan”) that includes the 1351 Jerome Avenue Mortgage Loan and one or more pari passu notes and/or subordinate promissory notes (“Companion Loans”) that are not assets of the Issuing Entity. The Pooling and Servicing Agreement provides that the 1351 Jerome Avenue Whole Loan will be serviced and administered (A) prior to the securitization of the related lead servicing Companion Loan (represented by promissory note A-1), under the Pooling and Servicing Agreement, and (B) from and after the securitization of the related lead servicing Companion Loan, under the pooling and servicing agreement entered into in connection with that securitization.
The lead servicing Companion Loan related to the 1351 Jerome Avenue Whole Loan was securitized on September 30, 2026 in connection with the issuance of a series of mortgage pass-through certificates entitled BBCMS Mortgage Trust 2026-M1, Commercial Mortgage Pass-Through Certificates, Series 2026-M1. Consequently, the 1351 Jerome Avenue Mortgage Loan is being serviced and administered under the pooling and servicing agreement entered into in connection with such securitization, dated as of September 1, 2026 (the “BBCMS 2026-M1 Pooling and Servicing Agreement”), between Barclays Commercial Mortgage Securities LLC, as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer (the “Non-Serviced Master Servicer”), CWCapital Asset Management LLC, as special servicer (the “Non-Serviced Special Servicer”), Computershare Trust Company, National Association, as certificate administrator and as trustee, and Pentalpha Surveillance LLC, as operating advisor and as asset representations reviewer. The BBCMS 2026-M1 Pooling and Servicing Agreement is attached hereto as Exhibit 4.3.
The servicing terms of the BBCMS 2026-M1 Pooling and Servicing Agreement applicable to the servicing of the 1351 Jerome Avenue Mortgage Loan will be substantially similar to the servicing terms of the Pooling and Servicing Agreement applicable to the Serviced Mortgage Loans; however, the servicing arrangements under such agreements will differ in certain respects, including the items set forth under “Description of the Mortgage Pool—The Whole Loans” and “Pooling and Servicing Agreement—Servicing of the Non-Serviced Mortgage Loans—General” in the prospectus relating to the Certificates, dated August 19, 2026 (the “Prospectus”), and the following:
| · | The related Non-Serviced Master Servicer earns a servicing fee with respect to each such mortgage loan that is to be calculated at 0.00125% per annum. |
| · | The special servicing fee payable to the related Non-Serviced Special Servicer with respect to the 1351 Jerome Avenue Whole Loan if it is a specially serviced loan under the BBCMS 2026-M1 Pooling and Servicing Agreement will accrue at a rate equal to the greater of (i) 0.25000% per annum and (ii) the per annum rate that would result in a special servicing fee for the related month of $3,500. |
| · | The workout fee payable to the related Non-Serviced Special Servicer with respect to the 1351 Jerome Avenue Whole Loan if it is a corrected loan will accrue at a rate equal to 1.00% of each collection; provided that in the event the workout fee collected at such rate is less than $25,000, then the Non-Serviced Special Servicer will be entitled to a total workout fee equal to $25,000. |
| · | The liquidation fee payable to the related Non-Serviced Special Servicer with respect to the 1351 Jerome Avenue Whole Loan will equal a rate equal to the lesser of (i) 1.00%; provided that if such rate would result in an aggregate liquidation fee less than $25,000, then the liquidation fee rate will be |
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| equal to such rate as would result in an aggregate liquidation fee equal to $25,000 and (ii) such lower rate that would result in a liquidation fee of $1,000,000. |
| · | Unlike the Pooling and Servicing Agreement, the BBCMS 2026-M1 Pooling and Servicing Agreement does not provide certain nonbinding consultation rights in respect of the 1351 Jerome Avenue Mortgage Loan to a representative of the holders of the credit risk retention interests. |
| · | The operating advisor under the BBCMS 2026-M1 Pooling and Servicing Agreement will be entitled to consult with the related Non-Serviced Special Servicer under different circumstances than those under which the BANK5 2026-5YR24 operating advisor is entitled to consult with the BANK5 2026-5YR24 special servicer. In particular, such operating advisor will be entitled to consult on major decisions when the principal balance of the “eligible horizontal residual interest” (as defined under Regulation RR) issued by the BBCMS 2026-M1 Pooling and Servicing Agreement securitization trust is 25% or less than the initial balance thereof (taking into account appraisal reduction amounts and collateral deficiency amounts) or the principal balance of the senior-most class of the control eligible certificates issued by the BBCMS 2026-M1 Pooling and Servicing Agreement securitization trust is less than 25% of the initial balance thereof (taking into account appraisal reduction amounts and collateral deficiency amounts). In addition, the operating advisor under the BBCMS 2026-M1 Pooling and Servicing Agreement will at any time be entitled to recommend the termination of the BBCMS 2026-M1 Pooling and Servicing Agreement special servicer if it determines, in its sole discretion exercised in good faith, that (i) such special servicer is not performing its duties as required under the BBCMS 2026-M1 Pooling and Servicing Agreement or is otherwise not acting in accordance with the related servicing standard and (ii) the replacement of the special servicer would be in the best interest of the BBCMS 2026-M1 Pooling and Servicing Agreement certificateholders as a collective whole. Such recommendation would then be subject to confirmation by the BBCMS 2026-M1 Pooling and Servicing Agreement certificateholders pursuant to a certificateholder vote. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MORGAN STANLEY CAPITAL I INC. | |||
| By: | /s/ Jane Lam | ||
| Name: | Jane Lam | ||
| Title: | President | ||
| Dated: October 7, 2026 | |||
BANK5 2026-5YR24 – 8-K