M&A - BANK 2019-BNK19

Form Type: 8-K

Filing Date: 2025-03-03

Corporate Action: Acquisition

Type: New

Accession Number: 000188852425003633

Filing Summary: On February 28, 2025, BANK 2019-BNK19 reported an acquisition involving Trimont LLC, which will act as the general master servicer under the pooling and servicing agreement for several mortgage loans. As of March 1, 2025, Trimont completed the purchase of the third-party servicing segment of Wells Fargo's commercial mortgage servicing business. This transaction, referred to as the CMS Transaction, did not include loan servicing rights related to loans originated for Fannie Mae, Freddie Mac, or FHA/Ginnie Mae, which will continue to be serviced by Wells Fargo. The integration of Trimont and Wells Fargo functions supporting CMS is expected to occur post-acquisition. As part of the transition, Wells Fargo and Trimont signed a Transition Services Agreement to facilitate the integration process over the ensuing 12 months with options for extensions. This event notably shifts responsibilities for various mortgage loans to Trimont, enhancing its capacity as a master servicer in the commercial mortgage sector.