8-K 1 n4299_x15-8k.htm 8-K

 

UNITED STATES

 

SECURITIES AND EXCHANGE COMMISSION

 

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

July 25, 2024

 

Date of Report (Date of Earliest Event Reported)

 

Central Index Key Number of the issuing entity: 0002024274

 
Benchmark 2024-V8 Mortgage Trust

(Exact name of issuing entity)

 

Central Index Key Number of the depositor: 0001013454

Deutsche Mortgage & Asset Receiving Corporation

 

(Exact name of depositor as specified in its charter)

 

Central Index Key Number of the sponsor: 0001541294
German American Capital Corporation

 

(Exact name of sponsor as specified in its charter)

 

Central Index Key Number of the sponsor: 0001701238
Citi Real Estate Funding Inc.

 

(Exact name of sponsor as specified in its charter)

 

Central Index Key Number of the sponsor: 0001549574

Barclays Capital Real Estate Inc.

(Exact name of sponsor as specified in its charter)

 

Central Index Key Number of the sponsor: 0000927971
Bank of Montreal

(Exact name of sponsor as specified in its charter)

 

Central Index Key Number of the sponsor: 0001541502
Goldman Sachs Mortgage Company

 

(Exact name of sponsor as specified in its charter)

 

 

Delaware   333-260277-06   04-3310019
(State or other jurisdiction   (Commission   (I.R.S. Employer
 of incorporation of registrant)   File Number of issuing entity)   Identification No. of registrant)

 

1 Columbus Circle

New York, New York 10019

(Address of principal executive offices of registrant)

 

(212) 250-2500

Registrant’s telephone number, including area code

 

Former name or former address, if changed since last report: Not Applicable

 

 
 

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:

 

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered
     

 

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.


 
 

 

Item1.01.Entry into a Material Definitive Agreement

On July 18, 2024 (the “Closing Date”), Deutsche Mortgage & Asset Receiving Corporation (the “Depositor”) caused the issuance of the Benchmark 2024-V8 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2024-V8 (the “Certificates”) pursuant to a Pooling and Servicing Agreement, dated as of July 1, 2024 (the “Pooling and Servicing Agreement”), between the Depositor, as depositor, Wells Fargo Bank, National Association, as master servicer, LNR Partners, LLC, as special servicer, Computershare Trust Company, National Association, as trustee, as certificate administrator, as paying agent and as custodian, and Park Bridge Lender Services LLC, as operating advisor and as asset representations reviewer.

The Certificates represent, in the aggregate, the entire beneficial ownership in Benchmark 2024-V8 Mortgage Trust (the “Issuing Entity”), a common law trust fund formed under the laws of the State of New York pursuant to the Pooling and Servicing Agreement. The assets of the Issuing Entity consist primarily of 35 fixed-rate commercial mortgage loans (the “Mortgage Loans”) secured by first liens on 81 commercial and multifamily properties (the “Mortgaged Properties”).

The Mortgage Loan secured by the Mortgaged Property identified on Exhibit B to the Pooling and Servicing Agreement as “Lotus 315 & Essence 144”, which is an asset of the Issuing Entity, is part of a whole loan (the “Lotus 315 & Essence 144 Whole Loan”) that includes the Lotus 315 & Essence 144 Mortgage Loan and certain other loans that are pari passu to the Lotus 315 & Essence 144 Mortgage Loan (the “Lotus 315 & Essence 144 Companian Loans”). The Lotus 315 & Essence 144 Companian Loans are not assets of the Issuing Entity.

As of July 25, 2024, the Lotus 315 & Essence 144 Whole Loan, including the Lotus 315 & Essence 144 Mortgage Loan, is being serviced and administered pursuant to (a) a pooling and servicing agreement, an executed version of which is attached hereto as Exhibit 4.1 and which is dated as of July 1, 2024 (the “Wells Fargo Commercial Mortgage Trust 2024-5C1 Pooling and Servicing Agreement”), among Wells Fargo Commercial Mortgage Securities, Inc., as depositor, Wells Fargo Bank, National Association, as master servicer, Argentic Services Company LP, as 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, and (b) the related Intercreditor Agreement (as defined in the Pooling and Servicing Agreement), as to which an executed version was attached to the current report on Form 8-K filed by the Issuing Entity on July 5, 2024.

The servicing terms of the Wells Fargo Commercial Mortgage Trust 2024-5C1 Pooling and Servicing Agreement applicable to the servicing of the Lotus 315 & Essence 144 Mortgage Loan are similar in all material respects to the servicing terms of the Pooling and Servicing Agreement applicable to the servicing of the other Mortgage Loans, but will differ in certain respects, as described in the section captioned “Pooling and Servicing Agreement—Servicing of the Non-Serviced Mortgage Loans” in the Prospectus (SEC File Number 333-260277-06) filed with the Securities and Exchange Commission on July 5, 2024 pursuant to Rule 424(b)(2).

 
 
Item 9.01.Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
Exhibit 4.1 Pooling and Servicing Agreement, dated as of July 1, 2024, Wells Fargo Commercial Mortgage Securities, Inc., as depositor, Wells Fargo Bank, National Association, as master servicer, Argentic Services Company, LP, as 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.
 
 

 

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.

 

 

 

 

  DEUTSCHE MORTGAGE & ASSET RECEIVING CORPORATION
  (Registrant)
 Date: July 30, 2024  
  By: /s/ Matt Smith
    Name: Matt Smith
    Title: Director
     
  By: /s/ Robert-Christopher Jones
    Name: Robert-Christopher Jones
    Title: Director