M&A - BANK 2018-BNK13

Form Type: 8-K

Filing Date: 2025-03-03

Corporate Action: Acquisition

Type: New

Accession Number: 000188852425003682

Filing Summary: On February 28, 2025, BANK 2018-BNK13 reported the acquisition of the third party servicing segment of Wells Fargo Bank, National Association’s commercial mortgage servicing business by Trimont LLC. The acquisition, referred to as the CMS Transaction, took effect on March 1, 2025. Under the terms of the CMS Transaction, Wells Fargo’s responsibilities as servicer will be transitioned to Trimont. As part of the acquisition, most employees and relevant systems from Wells Fargo’s CMS will be integrated into Trimont. Trimont will operate two loan servicing technology platforms during the transition, using separate instances of McCracken Financial Solutions software. The report outlines Trimont's servicer ratings by major agencies and its operational strategies for managing mortgage loans. It emphasizes that no adverse conditions affecting Trimont's financial position are expected to impact its servicing obligations. Additionally, it notes the ongoing legal and operational frameworks established by Trimont in the management of delinquent loans and servicing agreements.