BMO 2026-C14 Mortgage Trust 8-K

What Happened

• BMO 2026‑C14 Mortgage Trust filed an 8‑K (Item 1.01) disclosing that, as of the Closing Date (Feb 11, 2026), the U‑Haul Portfolio Whole Loan was required to be serviced under an existing PSA. On March 12, 2026 the controlling companion loan was contributed to a separate securitization (Benchmark 2026‑B42), requiring the servicing and administration of the U‑Haul Portfolio loan to be transferred to the Benchmark 2026‑B42 Pooling and Servicing Agreement (PSA).
• The Benchmark 2026‑B42 PSA (filed as Exhibit 4.1) names BMO Commercial Mortgage Securities LLC as depositor and identifies Midland Loan Services and National Cooperative Bank, N.A. as master servicers, K‑Star Asset Management as a special servicer, Computershare Trust Company as trustee/certificate administrator, and Park Bridge Lender Services as operating advisor/asset reviewer.

Key Details

• Important dates: Closing Date Feb 11, 2026; Benchmark contribution and required transfer effective March 12, 2026.
• Special servicing fee when the U‑Haul loan becomes specially serviced: 0.25% per annum, with a minimum monthly fee of $3,500.
• Workout fee on loan workouts: 1% of each collection of interest and principal (excludes late/default/excess interest), with minimum $25,000 and maximum $1,000,000 per workout (aggregate).
• Liquidation fee on liquidation or REO proceeds: 1% of payment/proceeds, subject to a $25,000 minimum and $1,000,000 maximum (aggregate).
• Inspection schedule for properties in the U‑Haul Portfolio (starting in 2027): at least annually if allocated loan amount ≥ $2,000,000; at least once every 24 months if < $2,000,000.

Why It Matters

• For certificate holders and other investors, the filing documents a formal transfer of servicing responsibility for the U‑Haul Portfolio loan into the Benchmark 2026‑B42 securitization. That transfer affects which servicers and special servicers handle collections, workouts and liquidations and establishes the fees those servicers may charge if the loan becomes troubled. Higher special‑servicing, workout or liquidation fees (and the timing of inspections) can influence recoveries and cash flows available to certificate holders if the loan requires special servicing or foreclosure. No financial results or forecasts were provided in the filing.