M&A - BANK 2021-BNK31

Form Type: 8-K

Filing Date: 2025-03-03

Corporate Action: Acquisition

Type: New

Accession Number: 000188852425003621

Filing Summary: On February 28, 2025, BANK 2021-BNK31, represented by Wells Fargo Commercial Mortgage Securities, Inc., reported a significant corporate action involving Trimont LLC. Trimont acquired the commercial mortgage servicing segment of Wells Fargo Bank, encompassing various pooling and servicing agreements. The acquisition included certain master servicing responsibilities for multiple mortgage loans associated with previous pooling agreements (BANK 2020-BNK29, BANK 2020-BNK30, BANK 2021-BNK33). Trimont has received positive ratings from Fitch, S&P, and Morningstar DBRS as a primary, master, and special servicer of commercial mortgage loans, indicating a strong reputation in managing loan servicing. The transition period involves integration of staff and systems from Wells Fargo to Trimont, supported by a Transition Services Agreement for operational continuity.