M&A - BANK 2019-BNK22
Form Type: 8-K
Filing Date: 2025-03-03
Corporate Action: Acquisition
Type: New
Accession Number: 000188852425003636
Filing Summary: On February 28, 2025, BANK 2019-BNK22 filed a Form 8-K reporting a significant acquisition whereby Trimont LLC acquired the third-party servicing segment of Wells Fargo Bank's commercial mortgage servicing business. This transaction occurred on March 1, 2025, designated as the CMS Acquisition Closing Date. The document outlines Trimont's role as master servicer under various pooling and servicing agreements, including the management of several mortgage loans. It details Trimont's servicer ratings from Fitch, S&P, and Morningstar DBRS, highlighting a portfolio of master-serviced commercial and multifamily loans. The acquisition did not cover Wells Fargo's servicing obligations related to certain government entities. Trimont's operational adjustments, including integration processes and ongoing servicing technologies, are also described, emphasizing their plans for compliance and efficiency in servicing practices post-acquisition.
Additional details:
Cik Number: 0001789307
Registrant Name: Wells Fargo Commercial Mortgage Securities, Inc.
Sponsor Names: ["Bank of America, National Association","Wells Fargo Bank, National Association","Morgan Stanley Mortgage Capital Holdings LLC","National Cooperative Bank, N.A."]
Master Servicer: Trimont LLC
Acquisition Date: 2025-03-01
Servicer Ratings: {"primary_servicer":"CPS2 Strong","master_servicer":"CMS3+ Average","special_servicer":"CSS2 Strong"}
Cms Transaction Details: Trimont acquired the CMS segment with ongoing support services defined in a Transition Services Agreement.
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