M&A - BANK 2019-BNK17

Form Type: 8-K

Filing Date: 2025-03-04

Corporate Action: Acquisition

Type: New

Accession Number: 000188852425004041

Filing Summary: Trimont LLC, a Georgia limited liability company, has been appointed as the master servicer under the pooling and servicing agreement for the Residence Inn National Portfolio Mortgage Loan and as the master servicer for the Great Wolf Lodge Southern California Mortgage Loan. As of March 1, 2025, Trimont acquired the third-party servicing segment of Wells Fargo Bank's commercial mortgage servicing business in a transaction referred to as the CMS Transaction. This acquisition includes the transfer of certain servicing duties and rights from Wells Fargo to Trimont. The integration of relevant CMS employees and systems into Trimont is anticipated following the acquisition. Trimont's servicer ratings from Fitch, S&P, and Morningstar DBRS are outlined, noting their ratings have been subject to adjustments during the integration period associated with this acquisition. Trimont has outlined strategies for managing delinquent loans and servicing agreements, emphasizing their commitment to maximizing asset value for certificateholders. The document includes specifics on the servicing portfolio and operational procedures following the acquisition, ensuring compliance with applicable servicing standards and maintaining efficient loan servicing practices.

Document Link: View Document