M&A - BANK 2017-BNK7

Form Type: 8-K

Filing Date: 2025-03-03

Corporate Action: Acquisition

Type: New

Accession Number: 000188852425003693

Filing Summary: On February 28, 2025, BANK 2017-BNK7 filed an 8-K report detailing the acquisition of the third-party servicing segment of Wells Fargo Bank's commercial mortgage servicing business by Trimont LLC. The acquisition was completed on March 1, 2025 (the CMS Acquisition Closing Date). Trimont LLC is now responsible for servicing the related loans, and the transition will involve integrating personnel, systems, and practices from Wells Fargo. The document outlines Trimont's capabilities, including ratings from Fitch, S&P, and Morningstar, as well as service changes and compliance expectations following the acquisition. The acquisition does not include servicing rights related to loans that Wells Fargo originated for Fannie Mae, Freddie Mac, or FHA/Ginnie Mae, which will continue to be managed by Wells Fargo.

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