8-K 1 n4935_x18-8k.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: July 24, 2025
(Date of earliest event reported)

BANK 2025-BNK50
(Central Index Key Number 0002062966)

(Exact name of issuing entity)

JPMorgan Chase Bank, National Association
(Central Index Key Number 0000835271)

(Exact name of sponsor as specified in its charter)

Bank of America, National Association
(Central Index Key Number 0001102113)

(Exact name of sponsor as specified in its charter)

Morgan Stanley Mortgage Capital Holdings LLC

(Central Index Key Number 0001541557)

(Exact name of sponsor as specified in its charter)

 

National Cooperative Bank, N.A.

(Central Index Key Number 0001577313)

(Exact name of sponsor as specified in its charter)

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 333-280318-02 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 June 18, 2025, J.P. Morgan Chase Commercial Mortgage Securities Corp. (the “Depositor”) caused the issuance, pursuant to a pooling and servicing agreement, dated as of June 1, 2025 (the “Pooling and Servicing Agreement”), among J.P. Morgan Chase Commercial Mortgage Securities Corp., as depositor (the “Registrant”), Trimont LLC, as general master servicer, K-Star Asset Management LLC, as general special servicer, National Cooperative Bank, N.A. (“NCB”), as NCB master servicer and as NCB 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 BANK 2025-BNK50, Commercial Mortgage Pass-Through Certificates, Series 2025-BNK50.

The certificates represent, in the aggregate, the entire beneficial ownership in BANK 2025-BNK50 (the “Issuing Entity”), a common law trust formed on June 18, 2025 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 thirty-four (34) mortgage loans (the “Mortgage Loans”) secured by first liens on seventy-one (71) commercial, multifamily and/or residential cooperative properties.

The Mortgage Loan secured by the mortgaged property identified as “Marriott World Headquarters” on Exhibit B to the Pooling and Servicing Agreement (the “Marriott World Headquarters Mortgage Loan”), which represents approximately 9.95% of the initial pool balance and is an asset of the Issuing Entity, is part of a whole loan (the “Marriott World Headquarters Whole Loan”) that also includes thirteen (16) additional pari passu promissory notes, each of which are not an asset of the Issuing Entity. Prior to July 24, 2025, the Queens Center Whole Loan was being serviced and administered pursuant to a pooling and servicing agreement, dated as of March 1, 2025 (the “BANK 2025-BNK49 Pooling and Servicing Agreement”) between Banc of America Merrill Lynch Commercial Mortgage Inc., as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer, Rialto Capital Advisors, LLC, 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, relating to the BANK 2025-BNK49 transaction.

As of July 24, 2025, the Marriott World Headquarters Whole Loan is being serviced and administered pursuant to a pooling and servicing agreement, dated as of July 1, 2025 (the “BBCMS 2025-C35 Pooling and Servicing Agreement”) by and among Barclays Commercial Mortgage Securities LLC, as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer, CWCapital Asset Management LLC, as special servicer, Computershare Trust Company, National Association, as certificate administrator and as trustee, and BellOak, LLC, as operating advisor and as asset representations reviewer, relating to the BBCMS 2025-C35 securitization transaction into which the controlling companion loan is deposited.

The terms and conditions of the BBCMS 2025-C35 Pooling and Servicing Agreement applicable to the servicing of the Marriott World Headquarters Mortgage Loan are substantially similar to the terms and conditions of the BANK 2025-BNK49 Pooling and Servicing Agreement, but will differ in certain respects, as described under “Pooling and Servicing Agreement—Servicing of the Non-Serviced Mortgage Loans” in the Prospectus filed by the Issuing Entity pursuant to Rule 424(b)(2) with respect to the Certificates on June 2, 2025. For example, under the BBCMS 2025-C35 Pooling and Servicing Agreement the minimum monthly special servicing fee for a mortgage loan is $5,000, rather than $3,500 for mortgage loans serviced by the general special servicer. The BBCMS 2025-C35 Pooling and Servicing Agreement is attached hereto as Exhibit 4.1.

 

 

 

Item 9.01.Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
Exhibit No. Description
Exhibit 4.1 Pooling and Servicing Agreement, dated and effective as of July 1, 2025, among Barclays Commercial Mortgage Securities LLC, as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer, CWCapital Asset Management LLC, as special servicer, Computershare Trust Company, National Association, as certificate administrator and as trustee, and BellOak, LLC, as operating advisor and as asset representations reviewer.

 

 

 

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: July 24, 2025 J.P. Morgan Chase Commercial Mortgage Securities Corp.
 
(Registrant)
   
   
   
   By:   /s/ Harris Rendelstein
    Name:   Harris Rendelstein
    Title: Executive Director