BBCMS 2024-C26

The Loan transferred to special servicing on 2/19/2025 due to payment default. At ASC's direction, counsel filed a foreclosure complaint, a motion for the appointment of a receiver and initiated a lawsuit against the guarantor. In May 2025, the judge appr oved the receivership motion, however, Borrower filed bankruptcy shortly thereafter to prevent the receiver from taking over operations of the property. In November 2025, the court granted full stay relief and subsequently dismissed the bankruptcy case. B orrower is barred from refiling for two years. The receiver has engaged a general contractor to implement a property rehabilitation plan approved by Lender. In January 2026, the state court ruled in favor of the lender in the foreclosure case. SS will coo rdinate the foreclose sale with the sheriff in due course. The judge entered an order granting default judgement against the guarantor. In an attempt to locate the guarantor's liquid assets, counsel has sent subpoenas to several financial institutions. Ad ditionally, counsel is working on domesticating the judgement in jurisdictions where the guarantor reported to have REO assets.

The Loan remains in default as of 6/1/26. A non-judicial foreclosure sale was scheduled for 6/2/26 but was rescheduled to 7/7/26 after the borrower filed for a temporary restraining order and initiated litigation against the Lender. Special Servicer

The Loan remains in default as of 6/1/26. A non-judicial foreclosure sale was scheduled for 6/2/26 but was rescheduled to 7/7/26 after the borrower filed for a temporary restraining order and initiated litigation against the Lender. Special Servicer

The Loan transferred to special servicing on 2/19/2025 due to payment default. At ASC's direction, counsel filed a foreclosure complaint, a motion for the appointment of a receiver and initiated a lawsuit against the guarantor. In May 2025, the judge appr oved the receivership motion, however, Borrower filed bankruptcy shortly thereafter to prevent the receiver from taking over operations of the property. In November 2025, the court granted full stay relief and subsequently dismissed the bankruptcy case. B orrower is barred from refiling for two years. The receiver has engaged a general contractor to implement a property rehabilitation plan approved by Lender. In January 2026, the state court ruled in favor of the lender in the foreclosure case. SS will coo rdinate the foreclose sale with the sheriff in due course. The judge entered an order granting default judgement against the guarantor. In an attempt to locate the guarantor's liquid assets, counsel has sent subpoenas to several financial institutions. Ad ditionally, counsel is working on domesticating the judgement in jurisdictions where the guarantor reported to have REO assets.

As of the property financial report dated 3/31/2026, property occupancy was 72% and the loan was covering debt service at a DSCR (NOI) of 1.06x. Per latest discussion with Borrower, the intent is to bring the Loan current. Borrower has engaged an advisor who is preparing a proposal. Special Servicer is currently evaluating the appropriate next steps.

The loan was transferred into Special Servicing on January 15, 2025, following a payment default. The Borrower signed a PNL on March 20, 2025, after which the Special Servicer retained outside counsel to enforce its legal remedies, culminating in a forecl osure sale that closed in December 2025. The subject property benefits from a strong location within its market, supported by diverse demand generators across both crew and leisure segments. The Special Servicer anticipates disposition in Q4 2028, pursuin g a strategy focused on growing ADR and occupancy through targeted capital improvements. Planned work includes repainting common areas, flooring remediation in guest rooms, Title 24 electrical upgrades to bring the property into compliance, lighting repai rs, furniture replacement in select common areas, and minor improvements to the vacant retail spaces.