M&A - BANK 2021-BNK37

Form Type: 8-K

Filing Date: 2025-03-03

Corporate Action: Acquisition

Type: New

Accession Number: 000188852425003709

Filing Summary: On February 28, 2025, BANK 2021-BNK37 reported significant developments regarding the acquisition of Wells Fargo's commercial mortgage servicing business by Trimont LLC, designated as the CMS Transaction. Effective March 1, 2025, Trimont acquired the third-party servicing segment, which includes various commercial and multifamily loans. This integration will utilize existing Trimont and Wells Fargo resources, and the transition includes support services for 12 months under a Transition Services Agreement (TSA). Additionally, Trimont is recognized for its servicing capabilities, having ratings from leading agencies, and has developed strategies for managing delinquent loans and compliance with federal and state regulations. The document outlines Trimont's operational details, including its locations, servicing responsibilities, and ongoing integration plans with Wells Fargo's CMS segment.