# EDGAR Filing Document

**Accession Number:** 0002104049
**File Stem:** 0001539497-26-000723
**Filing Date:** 2026-2
**Character Count:** 21280
**Document Hash:** 89b5803d264d943c953cebd58c29a00f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001539497-26-000723.hdr.sgml**: 20260219

**ACCESSION NUMBER**: 0001539497-26-000723

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260219

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260219

**DATE AS OF CHANGE**: 20260219

**ABS ASSET CLASS**: Commercial mortgages

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BANK5 2026-5YR20
- **CENTRAL INDEX KEY:** 0002104049
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-283510-04
- **FILM NUMBER:** 26654023

**BUSINESS ADDRESS:**
- **STREET 1:** BANK OF AMERICA CORPORATE CENTER
- **STREET 2:** 100 NORTH TYRON ST
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28255
- **BUSINESS PHONE:** 7043862400

**MAIL ADDRESS:**
- **STREET 1:** BANK OF AMERICA CORPORATE CENTER
- **STREET 2:** 100 NORTH TRYON STREET
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28255

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT<br> Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report: February 19, 2026<br> (Date of earliest event reported)

<u>BANK5 2026-5YR20</u>

(Central Index Key Number 0002104049)

(Exact name of issuing entity)

<u>Bank of America, National Association</u>

(Central Index Key Number 0001102113)

<u>JPMorgan Chase Bank, National Association</u>

(Central Index Key Number 0000835271)

<u>Morgan Stanley Mortgage Capital Holdings LLC</u>

(Central Index Key Number 0001541557)

<u>Wells Fargo Bank, National Association</u>

(Central Index Key Number 0000740906)

<u>Banc of America Merrill Lynch Commercial Mortgage Inc.</u>

(Central Index Key Number 0001005007)

(Exact name of registrant as specified in its charter)

<u>Delaware</u> <u>333-283510-04</u> <u>56-1950039</u> <br> (State or other jurisdiction of incorporation) (Commission File No.) (IRS Employer Identification No.)

One Bryant Park <br> <u>New York, New York</u> <u>10036</u> <br> (Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code <u>646-855-3953</u> 

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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|:---|:---|:---|
| &nbsp;&nbsp;Title of each class | &nbsp;&nbsp;Trading Symbol(s) | &nbsp;&nbsp;Name of each exchange on which registered |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (?230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (?240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. <u>Other Events</u>.

On February 19, 2026, Banc of America Merrill Lynch Commercial Mortgage Inc. (the "<u>Registrant</u>") caused the issuance, pursuant to a Pooling and Servicing Agreement, dated and effective as of February 1, 2026 (the "<u>Pooling and Servicing Agreement</u>"), among the Registrant, as depositor, Trimont LLC, as master servicer, Rialto Capital Advisors, LLC, 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, (i) the issuance of the BANK5 2026-5YR20, Commercial Mortgage Pass-Through Certificates, Series 2026-5YR20 (the "<u>Certificates</u>") and (ii) the creation of an uncertificated interest (the "<u>RR Interest</u>", and together with the Class RR Certificates, the "<u>VRR Interest</u>"). The Certificates will consist of the classes (each, a "<u>Class</u>") designated as (i) the Class A-1, Class A-2, Class A-2-1, Class A-2-2, Class A-2-X1, Class A-2-X2, Class A-3, Class A-3-1, Class A-3-2, Class A-3-X1, Class A-3-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 "<u>Publicly Offered Certificates</u>") 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 "<u>Privately Offered Certificates</u>").

The Publicly Offered Certificates were sold to BofA Securities, Inc. ("<u>BOAS</u>"), Morgan Stanley & Co. LLC ("<u>Morgan Stanley</u>"), Wells Fargo Securities, LLC ("<u>WFS</u>"), J.P. Morgan Securities LLC ("<u>JPMS</u>"), Academy Securities, Inc. ("<u>Academy</u>") and Drexel Hamilton, LLC ("<u>Drexel</u>"), as underwriters (collectively, in such capacities, the "<u>Underwriters</u>"), pursuant to an Underwriting Agreement, dated as of February 5, 2026, among the Registrant, Bank of America, National Association ("<u>BANA</u>") and the Underwriters.

The Privately Offered Certificates were sold to BOAS, Morgan Stanley, WFS, JPMS, Academy and Drexel, as initial purchasers (collectively, in such capacities, the "<u>Initial Purchasers</u>"), pursuant to a Certificate Purchase Agreement, dated as of February 5, 2026, among the Registrant, BANA and the Initial Purchasers. The Privately Offered Certificates were sold in transactions exempt from registration under the Securities Act of 1933, as amended.

The Certificates and the VRR Interest represent, in the aggregate, the entire beneficial ownership in BANK5 2026-5YR20, a common law trust fund formed on February 19, 2026 under the laws of the State of New York pursuant to the Pooling and Servicing Agreement. The Issuing Entity's primary assets are thirty-seven (37) fixed rate mortgage loans (the "<u>Mortgage Loans</u>") secured by first liens on two hundred sixty-three (263) commercial and/or multifamily properties. The net proceeds of the sale of the Certificates were applied to the purchase of the Mortgage Loans by the Registrant from BANA, Morgan Stanley Mortgage Capital Holdings LLC, Wells Fargo Bank, National Association and JPMorgan Chase Bank, National Association.

On February 19, 2026, the Registrant sold all of the Publicly Offered Certificates, having an aggregate certificate principal amount of $836,963,000. The net proceeds of the offering to the Registrant of the issuance of the Publicly Offered Certificates, after deducting expenses payable by the Registrant of $6,423,028.40, were approximately $830,539,971.60. Of the expenses paid by the Registrant, $4,286,783.98 were paid to or for the Underwriters and $2,136,244.42 were other expenses. All of the foregoing expense amounts are the Depositor's reasonable estimates of such expenses. No underwriting discounts and commissions or finder's fees were paid by the Registrant; the Publicly Offered Certificates were offered by the Underwriters for sale to the public in negotiated transactions or otherwise at varying prices determined at the time of sale.

Further information regarding such sales has been previously provided on the Registrant's Current Report on Form 8-K, as filed with the Securities and Exchange Commission (Filing Date: February 9, 2026) (including, as to the price per class of Publicly Offered Certificates, on <u>Schedule I</u> to the Underwriting Agreement filed as an exhibit thereto) and in the Prospectus, dated February 5, 2026 and as filed with the Securities and Exchange Commission on February 9, 2026. The related registration statement (file no. 333-283510) was originally declared effective on January 30, 2025.

In connection with the issuance and sale to the Underwriters of the Publicly Offered Certificates, a legal opinion was rendered related to the validity of, and certain federal income tax considerations relating to, the Publicly Offered Certificates, which legal opinion is attached as an exhibit to this report.

<u>Credit Risk Retention</u>

The aggregate fair value of the Class F-RR and Class G-RR certificates, which collectively constitute an "eligible horizontal residual interest" under the credit risk retention rules (the "<u>HRR Interest</u>") and that were purchased by the third-party purchaser, RREF V – D AIV RR L, LLC, on the Closing Date is equal to approximately $29,069,979, representing approximately 2.931% of the aggregate fair value of all ABS interests issued by the Issuing Entity (the "<u>ABS Interests</u>"). The aggregate fair value of all ABS Interests is approximately $991,889,554. The fair values referenced in the preceding two sentences are based on actual prices and final tranche sizes as of the Closing Date for all certificates (other than the Class R certificates) issued by the Issuing Entity.

The retaining sponsor estimates that, if it had relied solely on retaining an "eligible horizontal residual interest" in order to meet the credit risk retention requirements of Regulation RR with respect to this securitization transaction, it would have retained an eligible horizontal residual interest with an aggregate fair value dollar amount of approximately $49,594,478, representing 5.0% of the aggregate fair value, as of the Closing Date, of all ABS Interests.

There are no material differences between (a) the valuation methodology or any of the key inputs and assumptions that were used in calculating the fair value or range of fair values disclosed in the preliminary prospectus dated February 2, 2026 and filed with the Securities and Exchange Commission on February 2, 2026 under the heading "Credit Risk Retention" and (b) the valuation methodology or the key inputs and assumptions that were used in calculating the fair values set forth above.

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| | | |
|:---|:---|:---|
| Item 9.01. |  | <u>Financial Statements and Exhibits</u>. |
| *(d)* | | *Exhibits* |
| <u>Exhibit No.</u> |  | Description |
| [Exhibit 5](n5543_x12-ex5.htm) |  | [Legality Opinion of Cadwalader, Wickersham & Taft LLP, dated February 19, 2026.](n5543_x12-ex5.htm) |
| [Exhibit 8](n5543_x12-ex5.htm) |  | [Tax Opinion of Cadwalader, Wickersham & Taft LLP, dated February 19, 2026 (included as part of Exhibit 5).](n5543_x12-ex5.htm) |
| [Exhibit 23](n5543_x12-ex5.htm) |  | [Consent of Cadwalader, Wickersham & Taft LLP (included as part of Exhibit 5).](n5543_x12-ex5.htm) |

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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
| Date: February 19, 2026 | BANC OF AMERICA MERRILL LYNCH COMMERCIAL MORTGAGE INC.<br> (Registrant) | BANC OF AMERICA MERRILL LYNCH COMMERCIAL MORTGAGE INC.<br> (Registrant) |
|  | By: | /s/ Leland F. Bunch, III |
|  |  | Name: Leland F. Bunch, III<br>Title: Chief Executive Officer & President |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

<u>INDEX TO EXHIBITS</u>

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| | |
|:---|:---|
| Item 601(a) of <br> Regulation S-K <br> <u>Exhibit No.</u> | <u>Description</u> |
| 5 | Legality Opinion of Cadwalader, Wickersham & Taft LLP, dated February 19, 2026. (E) |
| 8 | Tax Opinion of Cadwalader, Wickersham & Taft LLP, dated February 19, 2026 (included as part of Exhibit 5). (E) |
| 23 | Consent of Cadwalader, Wickersham & Taft LLP (included as part of Exhibit 5). (E) |

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## Ex-5

**Exhibit 5**

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| | |
|:---|:---|
| ![](cwtlogo.jpg) | Cadwalader, Wickersham & Taft LLP<br> 200 Liberty Street, New York, NY 10281<br> Tel +1 212 504 6000 Fax +1 212 504 6666<br> www.cadwalader.com  |

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February 19, 2026

Banc of America Merrill Lynch Commercial Mortgage Inc.

Re: BANK5 2026-5YR20,<br> <u>Commercial Mortgage Pass-Through Certificates, Series 2026-5YR20</u>

To the Addressees of this Letter:

We have acted as special counsel to Banc of America Merrill Lynch Commercial Mortgage Inc. (the "<u>Company</u>") in connection with the proposed sale by the Company and purchase by BofA Securities, Inc. ("<u>BOAS</u>"), Morgan Stanley & Co. LLC ("<u>MS&Co.</u>"), Wells Fargo Securities, LLC ("<u>WFS</u>"), J.P. Morgan Securities LLC ("<u>JPMS</u>"), Academy Securities, Inc. ("<u>Academy</u>") and Drexel Hamilton, LLC ("<u>Drexel</u>" and, collectively with BOAS, MS&Co., WFS, JPMS and Academy, the "<u>Underwriters</u>") of the BANK5 2026-5YR20, Commercial Mortgage Pass-Through Certificates, Series 2026-5YR20, Class A-1, Class A-2, Class A-2-1, Class A-2-2, Class A-2-X1, Class A-2-X2, Class A-3, Class A-3-1, Class A-3-2, Class A-3-X1, Class A-3-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 (the "<u>Offered Certificates</u>"), pursuant to the terms of the Underwriting Agreement, dated as of February 5, 2026 (the "<u>Agreement</u>"), between the Company, the Underwriters and Bank of America, National Association. The Offered Certificates are being issued pursuant to a Pooling and Servicing Agreement, dated as of February 1, 2026 (the "<u>Pooling and Servicing Agreement</u>"), between the Company, as depositor, Trimont LLC, as master servicer, Rialto Capital Advisors, LLC, 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. Capitalized terms used herein but not defined herein have the respective meanings given them in the Agreement.

In rendering the opinions set forth below, we have examined and relied upon the originals, copies or specimens, certified or otherwise identified to our satisfaction, of the Transaction Documents (as defined below) and such certificates, corporate and public records, agreements and instruments and other documents, including, among other things, the documents delivered on the date hereof, as we have deemed appropriate as a basis for the opinions expressed below. In such examination we have assumed the genuineness of all signatures, the

![](cwtlogo.jpg)

authenticity of all documents, agreements and instruments submitted to us as originals, the conformity to original documents, agreements and instruments of all documents, agreements and instruments submitted to us as copies or specimens, the authenticity of the originals of such documents, agreements and instruments submitted to us as copies or specimens, the conformity of the text of each document filed with the Securities and Exchange Commission (the "<u>Commission</u>") through the Commission's Electronic Data Gathering, Analysis and Retrieval System to the printed document reviewed by us, the accuracy of the matters set forth in the documents, agreements and instruments we reviewed, and that such documents, agreements and instruments evidence the entire understanding between the parties thereto and have not been amended, modified or supplemented in any manner material to the opinions expressed herein. As to matters of fact relevant to the opinions expressed herein, we have relied upon, and assumed the accuracy of, the representations and warranties contained in the Agreement and the Pooling and Servicing Agreement and we have relied upon certificates and oral or written statements and other information obtained from the Company, the other parties to the transaction referenced herein, and public officials. Except as expressly set forth herein, we have not undertaken any independent investigation (including, without limitation, conducting any review, search or investigation of any public files, records or dockets) to determine the existence or absence of the facts that are material to our opinions, and no inference as to our knowledge concerning such facts should be drawn from our reliance on the representations of the Company and others in connection with the preparation and delivery of this letter.

In particular, we have examined and relied upon:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the Pooling and Servicing Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) the Company's prospectus dated February 5, 2026 (the "<u>Prospectus</u>") relating to the Offered Certificates.

Items (1), (2) and (3) above are referred to in this letter as the "<u>Transaction Documents</u>".

We have also assumed (x) the legal capacity of all natural persons and (y) (except to the extent expressly opined on herein) that all documents, agreements and instruments have been duly authorized, executed and delivered by all parties thereto, that all such parties are validly existing and in good standing under the laws of their respective jurisdictions of organization, that all such parties had the power and legal right to execute and deliver all such documents, agreements and instruments, and that such documents, agreements and instruments constitute the legal, valid and binding obligations of such parties, enforceable against such parties in accordance with their respective terms. As used herein, "to our knowledge", "known to us" or words of similar import mean the actual knowledge, without independent investigation, of any lawyer in our firm actively involved in representing the Company with respect to the transactions contemplated by the Agreement.

![](cwtlogo.jpg)

We express no opinion concerning the laws of any jurisdiction other than the laws of the State of New York and, to the extent expressly referred to in this letter, the federal laws of the United States of America.

Based upon and subject to the foregoing, we are of the opinion that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. When the Offered Certificates have been duly executed, authenticated and delivered by the Certificate Administrator in the manner contemplated in the Pooling and Servicing Agreement and paid for by and sold to the Underwriters pursuant to the Agreement, the Offered Certificates will be validly issued and outstanding, fully paid and non-assessable and entitled to the benefits provided by the Pooling and Servicing Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The descriptions of federal income tax consequences appearing under the heading "MATERIAL FEDERAL INCOME TAX CONSIDERATIONS" in the Prospectus accurately describe the material federal income tax consequences to holders of the Offered Certificates, under existing law and subject to the qualifications and assumptions stated therein. We also hereby confirm and adopt the opinions expressly set forth under such headings, under existing law and subject to the qualifications and assumptions stated therein.

We hereby consent to the filing of this letter as an exhibit to the Company's Registration Statement on Form SF-3 (File No. 333-283510), as declared effective on January 30, 2025 (the "<u>Registration Statement</u>") as it relates to the Offered Certificates, and to the reference to Cadwalader, Wickersham & Taft LLP and the discussion of our opinions set forth in this letter under the headings "LEGAL MATTERS" and "MATERIAL FEDERAL INCOME TAX CONSIDERATIONS" in the Prospectus. This consent is not to be construed as an admission that we are a person whose consent is required to be filed with the Registration Statement under the provisions of the Securities Act of 1933, as amended.

In addition, we disclaim any obligation to update this letter or communicate with or advise you as to any changes in fact or law, or otherwise.

Very truly yours,

/s/ Cadwalader, Wickersham & Taft LLP