M&A - BANK 2021-BNK33

Form Type: 8-K

Filing Date: 2025-03-03

Corporate Action: Acquisition

Type: New

Accession Number: 000188852425003305

Filing Summary: On February 28, 2025, BANK 2021-BNK33 filed a Form 8-K to report the acquisition of Wells Fargo's commercial mortgage servicing business segment by Trimont LLC. This acquisition, known as the CMS Transaction, allows Trimont to enhance its servicing capabilities and integrate CMS's employees and systems. The filing details Trimont's new role as master servicer for various mortgage loans, including its ratings from Fitch, S&P, and Morningstar. Trimont's portfolio includes a significant number of commercial and multifamily loans, valued at billions, confirming its strong presence in the market. The documentation emphasizes the expected operational changes and software transitions associated with this acquisition, alongside compliance with servicing obligations and standards.