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Effective April 2, 2026, CWCapital Asset Management LLC replaced LNR Partners, LLC as general special servicer for the BANK 2018-BNK15 CMBS trust, excluding Non-Serviced and NCB Mortgage Loans.
This filing reports a routine but operationally significant servicer transition within a commercial mortgage-backed securities (CMBS) trust: CWCAM succeeded LNR Partners as general special servicer for BANK 2018-BNK15 effective April 2, 2026. The change is governed by Section 7.01(d) of the November 1, 2018 Pooling and Servicing Agreement and applies only to Specially Serviced Loans and REO Properties — explicitly excluding Non-Serviced Mortgage Loans and NCB Mortgage Loans. Investors should note CWCAM’s scale and track record: as of December 31, 2025, it serviced 330 CMBS pools totaling $194.7 billion in unpaid principal and 9,300 loans, with 167 assets then in active special servicing. Importantly, the filing confirms resolution of two material legal matters: the long-running CWCapital Cobalt Vr Ltd. litigation concluded with full dismissal of all claims against CWCAM on January 22, 2026, and a second suit (ROC Debt Strategies II v. CWCAM) was dismissed with prejudice after a business resolution. While no default or performance failure by CWCAM is disclosed — and the firm maintains strong third-party special servicer ratings (S&P 'STRONG', DBRS 'MOR CS1', Fitch 'CSS-') — the change introduces a new servicer with distinct policies, personnel (62 employees as of Dec 31, 2025), and potential competitive overlaps with trust collateral. No retained economic interest by CWCAM in this transaction is disclosed.