M&A - BANK 2017-BNK4
Form Type: 8-K
Filing Date: 2025-03-03
Corporate Action: Acquisition
Type: New
Accession Number: 000188852425003685
Filing Summary: On February 28, 2025, BANK 2017-BNK4 filed an 8-K report regarding the acquisition of the third-party servicing segment of Wells Fargo Bank's commercial mortgage servicing business by Trimont LLC. The acquisition took effect on March 1, 2025, and entails the transfer of Wells Fargo's duties and obligations under servicing agreements to Trimont. The transition period will include support services provided by Wells Fargo for 12 months under a Transition Services Agreement. This acquisition will expand Trimont's portfolio and enable it to improve its servicing capabilities. Trimont operates with several master servicer and primary servicer ratings from Fitch, S&P, and Morningstar DBRS, and aims to incorporate CMS's policies and procedures into its best practices for servicing.
Document Link: View Document
Additional details:
Cik Number: 0001698685
Registrant Name: Wells Fargo Commercial Mortgage Securities, Inc.
Sponsor Names: ["Wells Fargo Bank, National Association","Bank of America, National Association","Morgan Stanley Mortgage Capital Holdings LLC"]
Cms Acquisition Closing Date: 2025-03-01
Trimont Established: Trimont has over 15 years of experience in servicing commercial and multifamily loans.
Transition Services Agreement Duration: 12 months with two 3-month extensions
Trimont Headquarters: Charlotte, North Carolina and Atlanta, Georgia
Servicer Ratings: [{"agency":"Fitch","primary_servicer":"CPS2 Strong","master_servicer":"CMS3+ Average","special_servicer":"CSS2 Strong"},{"agency":"S&P","primary_servicer":"MOR CS2","master_servicer":"MOR CS3","special_servicer":"MOR CS2"},{"agency":"Morningstar DBRS","primary_servicer":"Stable Trend","master_servicer":"Rating Watch Positive","special_servicer":"Stable Trend"}]
Comments
No comments yet. Be the first to comment!