Current Report · Items 8.01, 9.01 · 8-K
Morgan Stanley Bank of America Merrill Lynch Trust 2026-C36
Other Events
Item 8.01. Other Events. On August 12, 2026, BofA Securities, Inc. (“BOAS”), Morgan Stanley & Co. LLC (“Morgan Stanley”), Barclays Capital Inc. (“BCI”), Citigroup Global Markets Inc. (“Citi”), J.P. Morgan Securities LLC (“JPMS”), Wells Fargo Securities, LLC (“WFS”), Academy Securities, Inc.…
Disclosure sections
Item 8.01Item 8.01 - Other Events
Item 8.01. Other Events.
On August 12, 2026, BofA
Securities, Inc. (“BOAS”), Morgan Stanley & Co. LLC (“Morgan Stanley”), Barclays Capital Inc.
(“BCI”), Citigroup Global Markets Inc. (“Citi”), J.P. Morgan Securities LLC (“JPMS”),
Wells Fargo Securities, LLC (“WFS”), Academy Securities, Inc. (“Academy”) and Drexel Hamilton, LLC
(“Drexel”) entered into an agreement, dated as of August 12, 2026, among Banc of America Merrill Lynch Commercial Mortgage
Inc. (the “Registrant”), as depositor, BOAS, Morgan Stanley, BCI, Citi, JPMS, WFS, Academy and Drexel as underwriters
(BOAS, Morgan Stanley, BCI, Citi, JPMS, WFS, Academy and Drexel, collectively in such capacity, the “Underwriters”),
and BANA (the “Underwriting Agreement”), an executed version of which is attached hereto as Exhibit 1.1, with
respect to the sale of the Publicly Offered Certificates (as defined below) scheduled to occur on or about August 26, 2026. The
Publicly Offered Certificates are expected to have an aggregate initial principal amount of $619,061,000.
On or about August 26, 2026,
a series of mortgage pass-through certificates, entitled Commercial Mortgage Pass-Through Certificates, Series 2026-C36 (the “Certificates”),
is expected to be issued by Morgan Stanley Bank of America Merrill Lynch Trust 2026-C36, a New York common law trust (the “Issuing
Entity”), pursuant to a Pooling and Servicing Agreement, attached hereto as Exhibit 4.1 and dated and effective as of
August 1, 2026 (the “Pooling and Servicing Agreement”), between the Registrant, as depositor, Trimont LLC (“Trimont”),
as master servicer, Argentic Services Company LP, as special servicer, Computershare Trust Company, National Association, as certificate
administrator, Deutsche Bank National Trust Company, as trustee, and Park Bridge Lender Services LLC, as operating advisor and as asset
representations reviewer.
The assets of the Issuing
Entity are expected to include several mortgage loans which are part of whole loans. Each whole loan is governed by a co-lender, intercreditor
or similar agreement (each, an “Intercreditor Agreement”) between the holders of the promissory notes comprising such
whole loan, the terms of which are described under “DESCRIPTION OF THE MORTGAGE POOL - The Whole Loans” in the
Prospectus described below. Each Intercreditor Agreement is attached as an exhibit hereto, as described in the following table. Moreover,
certain of such whole loans will not be serviced pursuant to the Pooling and Servicing Agreement, but will instead be serviced pursuant
to a different servicing agreement (each, a “Non-Serviced PSA”). Each such Non-Serviced PSA is attached as an exhibit
hereto, as described in the following table. For a description of the servicing of the affected whole loans under such Non-Serviced PSAs,
see “POOLING AND SERVICING AGREEMENT - Servicing of the Non-Serviced Mortgage Loans” in the Prospectus described
below.
Name Intercreditor Non-Serviced
of Intercreditor Agreement
Agreement PSA (if any)
(as defined in the Pooling and Servicing Agreement)
────────────────────────────────────────────────────────────────────────────────────────────
U-Haul 4.3 N/A
AREC Portfolio 22
Pismo 4.4 N/A
Beach & Queenstown Premium Outlets
Arizona 4.5 N/A(1)
Mills
Orchard 4.6 N/A(1)
at Saddleback
One 4.7 4.2
Dag
(1) The
subject Whole Loan will be serviced under the Pooling and Servicing Agreement until the securitization of the applicable controlling pari
passu companion loan, after which the subject Whole Loan will be serviced pursuant to the pooling and servicing agreement for such
securitization. That pooling and servicing agreement will be identified and filed on a Form 8-K following such securitization.
The Certificates will consist
of the classes (each, a “Class”) designated as (i) the Class A-1, Class A-SB, Class A-4, Class A-4-1, Class A-4-2,
Class A-4-X1, Class A-4-X2, Class A-5, Class A-5-1, Class A-5-2, Class A-5-X1, Class A-5-X2, Class X-A, Class X-B, Class A-S, Class A-S-1,
Class A-S-2, Class A-S-X1, Class A-S-X2, Class B, Class B-1, Class B-2, Class B-X1, Class B-X2, Class C, Class C-1, Class C-2, Class C-X1
and Class C-X2 Certificates (collectively, the “Publicly Offered Certificates”) and (ii) the Class X-D, Class X-E,
Class D, Class E, Class F-RR, Class G-RR, Class V and Class R Certificates (collectively, the “Privately Offered Certificates”).
The Publicly Offered Certificates
and the Privately Offered Certificates represent, in the aggregate, the entire beneficial ownership in the Issuing Entity, a common law
trust fund to be formed on or about August 26, 2026 under the laws of the State of New York pursuant to the Pooling and Servicing Agreement.
The Issuing Entity’s primary assets are expected to be thirty-one (31) fixed rate mortgage loans (the “Mortgage Loans”)
secured by first liens on fifty-seven (57) commercial and/or multifamily properties. Certain of the Mortgage Loans are expected to be
acquired by the Registrant from Bank of America, National Association (“BANA”) pursuant to a Mortgage Loan Purchase
Agreement, dated and effective as of August 12, 2026, between the Registrant and BANA, an executed version of which is attached hereto
as