BMO 2026-5C14 Mortgage Trust

8-K · n5711_x18-8k.htm

8-K
 1
 n5711_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 (Date of earliest event
 reported)
 May 26, 2026

 BMO 2026-5C14 Mortgage Trust

 (Exact name of issuing entity)

 (Central Index Key number of issuing entity: 0002063015)

 BMO Commercial Mortgage Securities LLC

 (Exact name of the depositor as specified in its
charter)

 (Central Index Key number of depositor: 0001861132)

 Bank of Montreal

 (Central Index Key number: 0000927971)

 Goldman
Sachs Mortgage Company

 (Central Index Key number: 0001541502)

 German American Capital Corporation

 (Central Index Key number: 0001541294)

 BSPRT CMBS Finance, LLC

 (Central Index Key number: 0001722518)

 Citi Real Estate Funding Inc.

 (Central Index Key number: 0001701238)

 Starwood Mortgage Capital LLC

 (Central Index Key number: 0001548405)

 Natixis Real Estate Capital LLC

 (Central Index Key number: 0001542256)

 UBS AG New York Branch

 (Central Index Key number: 0001685185)

 Societe Generale Financial Corporation

 (Central Index Key number: 0001755531)

 (Exact name of sponsors as specified in their charters)

 Delaware
 333-280224-13
 86-2713125

 (State or other jurisdiction
 (Commission File Number
 (IRS Employer Identification

 of incorporation of depositor)
 of issuing entity)
 No. of depositor)

 151 West 42nd Street

 New York, New York
 10036

 (Address of principal executive offices of depositor)
 (Zip Code of depositor)

 Depositor’s telephone number, including area code
 (212) 885-4000

 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

 None

 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 1.01. Entry into a Material Definitive Agreement .

 On March 25, 2026 (the “ Closing
Date ”), BMO 2026-5C14 Mortgage Trust (the “ Issuing Entity ”) issued the BMO 2026-5C14 Mortgage Trust, Commercial
Mortgage Pass-Through Certificates, Series 2026-5C14, pursuant to a Pooling and Servicing Agreement, dated as of March 1, 2026 (the “ Pooling
and Servicing Agreement ”), between BMO 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, Pentalpha Surveillance LLC, as
operating advisor and as asset representations reviewer, and Computershare Trust Company, National Association, as certificate administrator
and as trustee. The Pooling and Servicing Agreement was attached as Exhibit 4.1 to the Current Report on Form 8-K/A with respect to the
Issuing Entity, filed with the Securities and Exchange Commission (the “ Commission ”) on March 25, 2026 under Commission
File No. 333-280224-13. Capitalized terms used but not defined herein shall have the meanings assigned to them in the Pooling and Servicing
Agreement.

 As of the Closing Date, the
Whole Loan (the “ Compass Storage National Portfolio Whole Loan ”) relating to the Mortgage Loan (the “ Compass
Storage National Portfolio Mortgage Loan ”) secured by the Mortgaged Property identified on the Mortgage Loan Schedule as Compass
Storage National Portfolio was required to be serviced and administered pursuant to the Pooling and Servicing Agreement.

 On May 26, 2026, the Servicing
Shift Lead Note with respect to the Compass Storage National Portfolio Whole Loan was contributed to the commercial mortgage securitization
transaction (the “ Benchmark 2026-V22 Securitization ”) involving the issuance of the Benchmark 2026-V22 Mortgage Trust,
Commercial Mortgage Pass-Through Certificates, Series 2026-V22 (the “ Benchmark 2026-V22 Certificates ”). Upon the issuance
of the Benchmark 2026-V22 Certificates, the servicing and administration of the Compass Storage National Portfolio Whole Loan are required
to be transferred from the Pooling and Servicing Agreement to the pooling and servicing agreement governing the issuance of the Benchmark
2026-V22 Certificates, dated as of May 1, 2026 (the “ Benchmark 2026-V22 Pooling and Servicing Agreement ”), between
Citigroup Commercial Mortgage Securities Inc., as depositor (the “Benchmark 2026-V22 Depositor”), Trimont LLC, as master servicer,
LNR Partners, LLC, as special servicer, BellOak, LLC, as operating advisor and as asset representations reviewer, Citibank, N.A., as certificate
administrator, and Wilmington Savings Fund Society, FSB, as trustee.

 The Benchmark 2026-V22 Pooling
and Servicing Agreement, in the form most recently filed with the Commission by or on behalf of the Benchmark 2026-V22 Depositor, is attached
hereto as Exhibit 4.1 .

 The servicing terms of the
Benchmark 2026-V22 Pooling and Servicing Agreement applicable to the servicing of the Compass Storage National Portfolio Mortgage Loan
are similar to the servicing terms of the Pooling and Servicing Agreement, as described in the section captioned “The Pooling and
Servicing Agreement” in the Prospectus (the “ Prospectus ”) with respect to the Issuing Entity filed on March 10,
2026 pursuant to Rule 424(b)(2) under Commission File Number 333-280224-13, but will differ in certain respects as described below and,
treating the Benchmark 2026-V22 Pooling and Servicing Agreement as an Outside Servicing Agreement thereunder, in the subsection captioned
“The Pooling and Servicing Agreement—Servicing of the Outside Serviced Mortgage Loans” in the Prospectus.

 · Upon the Compass Storage National Portfolio Whole Loan becoming a specially serviced loan under the Benchmark
2026-V22 Pooling and Servicing Agreement, the related Outside Special Servicer will earn a special servicing fee payable monthly with
respect to the Compass Storage National Portfolio Whole Loan accruing at a rate equal to 0.25% per annum, subject to a minimum monthly
special servicing fee of $3,500 for the Compass Storage National Portfolio Whole Loan.

 · In connection with a workout of the Compass Storage National Portfolio Whole Loan, the related Outside
Special Servicer will be entitled to a workout fee equal to 1% of each collection of interest (excluding penalty charges and excess interest)
and principal received on the corrected Compass Storage National Portfolio Whole Loan for so long as it remains a corrected Whole Loan,
subject to a minimum workout fee of $25,000 and a maximum workout fee of $1,000,000 for the Compass Storage National Portfolio Whole Loan.

 · The related Outside Special Servicer will be entitled to a liquidation fee of 1% of the related payment
or proceeds received in connection with the liquidation of the Compass Storage National Portfolio Whole Loan or related REO Property,
subject to a maximum liquidation fee of $1,000,000 and a minimum liquidation fee of $25,000 for the Compass Storage National Portfolio
Whole Loan.

 · The Mortgaged Property relating to the Compass Storage National Portfolio Whole Loan is required to be
inspected (A) at least once every calendar year if the related Pari Passu Companion Loan contributed to the Benchmark 2026-V22 Securitization
has an outstanding principal balance of $2,000,000 or more and (B) at least once every other calendar year if the related Pari Passu Companion
Loan contributed to the Benchmark 2026-V22 Securitization has an outstanding principal balance of less than $2,000,000, in each case commencing
in 2027 in a manner similar to that under the Pooling and Servicing Agreement.

 Item 9.01.
 Financial Statements and Exhibits.

 (d)
 Exhibits

 Exhibit No.
 Description

 Exhibit 4.1
 Benchmark 2026-V22 Pooling and Servicing Agreement

 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.

 Date: June
 1, 2026
 BMO COMMERCIAL MORTGAGE

 SECURITIES LLC

 By:
 /s/ Paul Vanderslice

 Name:
 Paul Vanderslice

 Title:
 Chief Executive Officer

 BMO 2026-5C14 – Form 8-K