8-K 1 n4440_x22-8k.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

Date of Report: September 30, 2024
(Date of earliest event reported)

 

BANK5 2024-5YR9
(Central Index Key Number 0002032772)

(Exact name of issuing entity)

 

JPMorgan Chase Bank, National Association

(Central Index Key Number 0000835271)

Morgan Stanley Mortgage Holdings LLC

(Central Index Key Number 0001541557)

Wells Fargo Bank, National Association

(Central Index Key Number 0000740906)

(Exact name of sponsor as specified in its charter)

 

J.P. Morgan Chase Commercial Mortgage Securities Corp.
(Central Index Key Number 0001013611)

(Exact name of registrant as specified in its charter)

New York 333-258342-05 13-3789046
(State or other jurisdiction of incorporation) (Commission File No.) (IRS Employer Identification No.)

 

383 Madison Avenue
New York, New York
10179
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code      (212) 834-5467    

Not Applicable

(Former name or former address, if changed since last report.)

 

 

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))

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.

 

 

Item 8.01.Other Events.

On August 30, 2024, J.P. Morgan Chase Commercial Mortgage Securities Corp. (the “Depositor”) caused the issuance, pursuant to a pooling and servicing agreement, dated as of August 1, 2024 (the “Pooling and Servicing Agreement”), among J.P. Morgan Chase Commercial Mortgage Securities Corp., as depositor (the “Registrant”), Wells Fargo Bank, National Association, as master servicer, Midland Loan Services, a Division of PNC Bank, National Association, 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, of the BANK5 2024-5YR9, Commercial Mortgage Pass-Through Certificates, Series 2024-5YR9 (the “Certificates”).

The Mortgage Loan identified as “Bronx Terminal Market” on Exhibit B to the Pooling and Servicing Agreement (the “Bronx Terminal Market Mortgage Loan”), which is an asset of the Issuing Entity (representing approximately 5.5% of the aggregate outstanding principal balance of the pool of mortgage loans as of the cut-off date for the BANK5 2024-5YR9 securitization transaction), is part of a whole loan (the “Bronx Terminal Market Whole Loan”) that includes such Mortgage Loan and one or more pari passu companion loans that is not an asset of the Issuing Entity. The Mortgage Loan identified as “Culver Steps” on Exhibit B to the Pooling and Servicing Agreement (the “Culver Steps Mortgage Loan”), which is an asset of the Issuing Entity (representing approximately 3.7% of the aggregate outstanding principal balance of the pool of mortgage loans as of the cut-off date for the BANK5 2024-5YR9 securitization transaction), is part of a whole loan (the “Culver Steps Whole Loan”) that includes such Mortgage Loan and one or more pari passu companion loans that is not an asset of the Issuing Entity.

As of September 30, 2024, each of the Bronx Terminal Market Whole Loan and the Culver Steps Whole Loan is being serviced and administered pursuant to a pooling and servicing agreement, dated as of September 1, 2024 and as to which an executed version is attached hereto as Exhibit 4.1 (the “Benchmark 2024-V10 PSA”), among Citigroup Commercial Mortgage Securities Inc., as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer, Rialto Capital Advisors, LLC, as general special servicer, Situs Holdings, LLC, as special servicer of the Bronx Terminal Market Mortgage Loan, Pentalpha Surveillance LLC, as operating advisor and as asset representations reviewer, Citibank, N.A., as certificate administrator, and Wilmington Savings Fund Society, FSB, as trustee, relating to the Benchmark 2024-V10 securitization transaction into which the related controlling companion loan is deposited.

The terms and conditions of the Benchmark 2024-V10 PSA applicable to the servicing of the Bronx Terminal Market Mortgage Loan and the Culver Steps Mortgage Loan are substantially similar to the terms and conditions of the Pooling and Servicing Agreement applicable to the servicing of the other Mortgage Loans, as described under “Pooling and Servicing Agreement” in the prospectus filed by the Issuing Entity pursuant to Rule 424(b)(2) with respect to the Certificates on August 30, 2024.

 

 

Item 9.01.Financial Statements, Pro Forma Financial Information and Exhibits.

 

(d)Exhibits

 

Exhibit No. Description
Exhibit 4.1 Pooling and Servicing Agreement, dated as of September 1, 2024, among Citigroup Commercial Mortgage Securities Inc., as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer, Rialto Capital Advisors, LLC, as general special servicer, Situs Holdings, LLC, as special servicer of the Bronx Terminal Market Mortgage Loan, Pentalpha Surveillance LLC, as operating advisor and as asset representations reviewer, Citibank, N.A., as certificate administrator, and Wilmington Savings Fund Society, FSB, as trustee.

 

 

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

Date: December 12, 2024 J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.
  (Registrant)
   
   
  By:   /s/ Harris Rendelstein
    Name:   Harris Rendelstein
    Title: Vice President