{"filing":{"accession_number":"0001888524-26-016506","cik":"0002076111","ticker":null,"company_name":"BBCMS Mortgage Trust 2025-5C36","form":"8-K","filing_date":"2026-09-01","report_date":"2026-09-01","primary_document":"bcr25c36_8k-09012026.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/2076111/000188852426016506/bcr25c36_8k-09012026.htm"},"events":[{"id":31033,"run_id":28462,"accession_number":"0001888524-26-016506","anchor_item_number":"6.02","event_type":"operational_other","event_domain":"operational","is_material":true,"confidence":0.85,"summary":"This Item 6.02 discloses a change of servicer in a mortgage securitization: Greystone Servicing Company LLC sold substantially all assets of its special servicing division to C-IV Asset Management LLC on September 1, 2026, with C-IV AM assuming all duties and liabilities as special servicer. The filing includes extensive detail on C-IV AM's qualifications, ratings, portfolio size ($20.7 billion aggregate principal balance), and operational procedures. While this is a servicer transition in a securitized mortgage trust, it is fundamentally an operational/contractual change affecting the administration of the underlying loan portfolio rather than a financial event (debt issuance, impairment, etc.), governance matter (board/executive change), or legal dispute. The materiality stems from the scale of the portfolio transferred and the operational continuity implications for certificateholders.","company_name":"BBCMS Mortgage Trust 2025-5C36","ticker":null,"filing_date":"2026-09-01","form":"8-K","submitted_at":null,"items":[{"id":33806,"accession_number":"0001888524-26-016506","item_number":"6.02","item_title":"Change of Servicer or Trustee.","event_type":"operational_other","event_domain":"operational","is_material":true,"confidence":0.85,"reasoning":"This Item 6.02 discloses a change of servicer in a mortgage securitization: Greystone Servicing Company LLC sold substantially all assets of its special servicing division to C-IV Asset Management LLC on September 1, 2026, with C-IV AM assuming all duties and liabilities as special servicer. The filing includes extensive detail on C-IV AM's qualifications, ratings, portfolio size ($20.7 billion aggregate principal balance), and operational procedures. While this is a servicer transition in a securitized mortgage trust, it is fundamentally an operational/contractual change affecting the administration of the underlying loan portfolio rather than a financial event (debt issuance, impairment, etc.), governance matter (board/executive change), or legal dispute. The materiality stems from the scale of the portfolio transferred and the operational continuity implications for certificateholders.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-01T20:37:48.984034+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":33806,"accession_number":"0001888524-26-016506","item_number":"6.02","item_title":"Change of Servicer or Trustee.","event_type":"operational_other","event_domain":"operational","is_material":true,"confidence":0.85,"reasoning":"This Item 6.02 discloses a change of servicer in a mortgage securitization: Greystone Servicing Company LLC sold substantially all assets of its special servicing division to C-IV Asset Management LLC on September 1, 2026, with C-IV AM assuming all duties and liabilities as special servicer. The filing includes extensive detail on C-IV AM's qualifications, ratings, portfolio size ($20.7 billion aggregate principal balance), and operational procedures. While this is a servicer transition in a securitized mortgage trust, it is fundamentally an operational/contractual change affecting the administration of the underlying loan portfolio rather than a financial event (debt issuance, impairment, etc.), governance matter (board/executive change), or legal dispute. The materiality stems from the scale of the portfolio transferred and the operational continuity implications for certificateholders.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-01T20:37:48.984034+00:00","company_name":"BBCMS Mortgage Trust 2025-5C36","ticker":null,"filing_date":"2026-09-01"}]}