For the monthly distribution period from: March 28, 2024 to April 17, 2024
Commission File Number of issuing entity: 333-257737-13
Central Index Key Number of issuing entity: 0002013825
BBCMS Mortgage Trust 2024-5C25
(Exact name of issuing entity as specified in its charter)
Commission File Number of depositor: 333-257737
Central Index Key Number of depositor: 0001541480
Barclays Commercial Mortgage Securities LLC
(Exact name of depositor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001549574
Barclays Capital Real Estate Inc.
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001840727
3650 Real Estate Investment Trust 2 LLC
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001701238
Citi Real Estate Funding Inc.
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001541294
German American Capital Corporation
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001685185
UBS AG, acting through its branch located at 1285 Avenue of the Americas, New York, New York
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001755531
Societe Generale Financial Corporation
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0000927971
Bank of Montreal
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001968416
Argentic Real Estate Finance 2 LLC
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001548405
Starwood Mortgage Capital LLC
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001089877
KeyBank National Association
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001722518
BSPRT CMBS Finance, LLC
(Exact name of sponsor as specified in its charter)
Daniel Vinson (212) 528-8224
(Name and telephone number, including area code, of the person to contact in connection with this filing)
New York
(State or other jurisdiction of incorporation or organization of the issuing entity)
38-4297143
38-4297144
(I.R.S. Employer Identification No.)
c/o Computershare Trust Company, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices of the issuing entity) (Zip Code)
(667) 786-1992
(Telephone number, including area code)
Not Applicable
(Former name, former address, if changed since last report)
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Title of Class |
Section 12(b) |
Section 12(g) |
Section 15(d) |
Name of Exchange (If Section 12(b)) |
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A-1 |
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|
X |
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A-3 |
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|
X |
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X-A |
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X |
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X-B |
|
|
X |
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|
A-S |
|
|
X |
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|
B |
|
|
X |
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C |
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|
X |
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Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No
Part I - DISTRIBUTION INFORMATION
Item 1. Distribution and Pool Performance Information.
On April 17, 2024 a distribution was made to holders of the certificates issued by BBCMS Mortgage Trust 2024-5C25.
The distribution report is attached as an Exhibit to this Form 10-D, please see Item 10(b), Exhibit 99.1 for the related information.
No assets securitized by Barclays Commercial Mortgage Securities LLC (the "Depositor") and held by BBCMS Mortgage Trust 2024-5C25 were the subject of a demand to repurchase or replace for breach of the representations and warranties contained in the underlying transaction documents during the monthly distribution period from March 28, 2024 to April 17, 2024.
The Depositor filed its most recent Form ABS-15G in accordance with Rule 15Ga-1 under the Exchange Act (a "Rule 15Ga-1 Form ABS-15G") on February 13, 2024. The CIK number for the Depositor is 0001541480.
Barclays Capital Real Estate Inc. filed its most recent Rule 15Ga-1 Form ABS-15G on February 13, 2024. The CIK number for Barclays Capital Real Estate Inc. is 0001549574.
3650 Real Estate Investment Trust 2 LLC filed its most recent Rule 15Ga-1 Form ABS-15G on February 13, 2024. The CIK number for 3650 Real Estate Investment Trust 2 LLC is 0001840727.
Citi Real Estate Funding Inc. filed its most recent Rule 15Ga-1 Form ABS-15G on February 9, 2024. The CIK number for Citi Real Estate Funding Inc. is 0001701238.
German American Capital Corporation filed its most recent Rule 15Ga-1 Form ABS-15G on February 12, 2024. The CIK number for German American Capital Corporation is 0001541294.
UBS AG, acting through its branch located at 1285 Avenue of the Americas, New York, New York, filed its most recent Rule 15Ga-1 Form ABS-15G on February 14, 2024. The CIK number for UBS AG, acting through its branch located at 1285 Avenue of the Americas, New York, New York, is 0001685185.
Societe Generale Financial Corporation filed its most recent Rule 15Ga-1 Form ABS-15G on February 9, 2024. The CIK number for Societe Generale Financial Corporation is 0001755531.
Bank of Montreal filed its most recent Rule 15Ga-1 Form ABS-15G on February 12, 2024. The CIK number for Bank of Montreal is 0000927971.
Argentic Real Estate Finance 2 LLC filed its most recent Rule 15Ga-1 Form ABS-15G on January 24, 2024. The CIK number for Argentic Real Estate Finance 2 LLC is 0001968416.
Starwood Mortgage Capital LLC filed its most recent Rule 15Ga-1 Form ABS-15G on January 31, 2024. The CIK number for Starwood Mortgage Capital LLC is 0001548405.
KeyBank National Association filed its most recent Rule 15Ga-1 Form ABS-15G on February 1, 2024. The CIK number for KeyBank National Association is 0001089877.
BSPRT CMBS Finance, LLC filed its most recent Rule 15Ga-1 Form ABS-15G on February 14, 2024. The CIK number for BSPRT CMBS Finance, LLC is 0001722518.
Item 1A. Asset-Level Information.
ABS Asset Data File (filed as Exhibit 102 to the registrant's Form ABS-EE filed on April 29, 2024 under Commission File No. 333-257737-13 and incorporated by reference herein).
ABS Asset Related Document (filed as Exhibit 103 to the registrant's Form ABS-EE filed on April 29, 2024 under Commission File No. 333-257737-13 and incorporated by reference herein).
Part II - OTHER INFORMATION
Item 9. Other Information.
Midland Loan Services, A Division of PNC Bank, National Association, in its capacity as Master Servicer for BBCMS Mortgage Trust 2024-5C25, affirms the following amounts in the respective accounts:
|
Collection Account | ||
|
Prior Distribution Date |
N/A |
N/A |
|
Current Distribution Date |
04/17/2024 |
$20,861.51 |
|
REO Account | ||
|
Prior Distribution Date |
N/A |
N/A |
|
Current Distribution Date |
04/17/2024 |
$0.00 |
Computershare Trust Company, N.A., in its capacity as Certificate Administrator for BBCMS Mortgage Trust 2024-5C25, affirms the following amounts in the respective accounts:
|
Distribution Account | ||
|
Prior Distribution Date |
N/A |
N/A |
|
Current Distribution Date |
04/17/2024 |
$0.00 |
|
Interest Reserve Account | ||
|
Prior Distribution Date |
N/A |
N/A |
|
Current Distribution Date |
04/17/2024 |
$0.00 |
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Gain-on-Sale Reserve Account | ||
|
Prior Distribution Date |
N/A |
N/A |
|
Current Distribution Date |
04/17/2024 |
$0.00 |
Item 10. Exhibits.
(a) The following is a list of documents filed as part of this Report on Form 10-D:
(b) The exhibits required to be filed by the Registrant pursuant to this Form are listed above.
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 thereunto duly authorized.
Barclays Commercial Mortgage Securities LLC
(Depositor)
/s/ Daniel Vinson
Daniel Vinson, Chief Executive Officer
Date: April 29, 2024