M&A - BANK 2022-BNK43
Form Type: 8-K
Filing Date: 2025-03-03
Corporate Action: Acquisition
Type: New
Accession Number: 000188852425003644
Filing Summary: Trimont LLC will serve as the general master servicer under the pooling and servicing agreement following the acquisition of the third-party servicing segment of Wells Fargo Bank's commercial mortgage servicing business, described as the CMS Transaction. This acquisition took effect as of March 1, 2025. Trimont is rated by several credit rating agencies and expects the incorporation of CMS policies into its servicing best practices. The CMS Transaction excludes Wells Fargo's servicing rights and obligations related to loans for Fannie Mae, Freddie Mac, and FHA/Ginnie Mae. The transition also involves support services from Wells Fargo for a specified period after the acquisition to ensure integration of systems and procedures.
Additional details:
Date Of Report: 2025-02-28
Cms Acquisition Closing Date: 2025-03-01
Servicer Name: Trimont LLC
Servicer Type: master servicer
Prior Servicing Duration: over 15 years
Servicer Ratings: {"fitch":{"primary_servicer":"CPS2 Strong","master_servicer":"CMS3+ Average","special_servicer":"CSS2 Strong"},"s&p":{"primary_servicer":"MOR CS2","master_servicer":"MOR CS3","special_servicer":"MOR CS2"},"morningstar_dbrs":{"primary_servicer":"Stable Trend","master_servicer":"Rating Watch Positive","special_servicer":"MOR CS2"}}
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