{"filing":{"accession_number":"0001888524-26-012464","cik":"0001623838","ticker":null,"company_name":"WFRBS Commercial Mortgage Trust 2014-C25","form":"8-K","filing_date":"2026-07-10","report_date":null,"primary_document":"wcm14c25_8k-07062026.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1623838/000188852426012464/wcm14c25_8k-07062026.htm"},"events":[{"id":17274,"run_id":15456,"accession_number":"0001888524-26-012464","anchor_item_number":"6.02","event_type":"governance_other","event_domain":"governance","is_material":true,"confidence":0.85,"summary":"This disclosure reports the removal of CWCAM as special servicer and appointment of Rialto Capital Advisors, LLC (RCA) as successor special servicer effective July 10, 2026, pursuant to Section 6.05(a) of the pooling and servicing agreement. While the filing is technically Item 6.02 (Change of Servicer or Trustee), the event is fundamentally a governance/administrative change in the trust's service provider structure. The disclosure is material because it affects the administration and servicing of approximately $15.48 billion in unpaid principal balance of specially serviced loans and REO properties, which would impact certificateholders' interests in the trust.","company_name":"WFRBS Commercial Mortgage Trust 2014-C25","ticker":null,"filing_date":"2026-07-10","form":"8-K","submitted_at":null,"items":[{"id":15650,"accession_number":"0001888524-26-012464","item_number":"6.02","item_title":"Change","event_type":"governance_other","event_domain":"governance","is_material":true,"confidence":0.85,"reasoning":"This disclosure reports the removal of CWCAM as special servicer and appointment of Rialto Capital Advisors, LLC (RCA) as successor special servicer effective July 10, 2026, pursuant to Section 6.05(a) of the pooling and servicing agreement. While the filing is technically Item 6.02 (Change of Servicer or Trustee), the event is fundamentally a governance/administrative change in the trust's service provider structure. The disclosure is material because it affects the administration and servicing of approximately $15.48 billion in unpaid principal balance of specially serviced loans and REO properties, which would impact certificateholders' interests in the trust.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-10T15:09:37.872254+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":15650,"accession_number":"0001888524-26-012464","item_number":"6.02","item_title":"Change","event_type":"governance_other","event_domain":"governance","is_material":true,"confidence":0.85,"reasoning":"This disclosure reports the removal of CWCAM as special servicer and appointment of Rialto Capital Advisors, LLC (RCA) as successor special servicer effective July 10, 2026, pursuant to Section 6.05(a) of the pooling and servicing agreement. While the filing is technically Item 6.02 (Change of Servicer or Trustee), the event is fundamentally a governance/administrative change in the trust's service provider structure. The disclosure is material because it affects the administration and servicing of approximately $15.48 billion in unpaid principal balance of specially serviced loans and REO properties, which would impact certificateholders' interests in the trust.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-10T15:09:37.872254+00:00","company_name":"WFRBS Commercial Mortgage Trust 2014-C25","ticker":null,"filing_date":"2026-07-10"}]}