M&A - CD 2016-CD1 Mortgage Trust

Form Type: 8-K

Filing Date: 2025-03-03

Corporate Action: Acquisition

Type: New

Accession Number: 000188852425003413

Filing Summary: On February 28, 2025, CD 2016-CD1 Mortgage Trust filed an 8-K report regarding the acquisition of the third party servicing segment (CMS) of Wells Fargo Bank, National Association. The acquisition aims to integrate CMS into Trimont LLC, which serves as a master servicer for multiple mortgage loans. The CMS Transaction does not include loans serviced for Fannie Mae, Freddie Mac, or FHA/Ginnie Mae. Trimont is expected to integrate employees and systems from CMS, transitioning servicing responsibilities under existing agreements. They entered into a Transition Services Agreement with Wells Fargo for ongoing support during the integration process. The report also includes Trimont's servicing capabilities, ratings from agencies, and financial details about its commercial and multifamily loan portfolios. Additionally, it outlines Trimont's operational procedures and changes in servicing policies following the acquisition of CMS.