M&A - CD 2017-CD3 Mortgage Trust

Form Type: 8-K

Filing Date: 2025-03-03

Corporate Action: Acquisition

Type: New

Accession Number: 000188852425003933

Filing Summary: On March 1, 2025, the CD 2017-CD3 Mortgage Trust announced the appointment of Trimont LLC as the successor master servicer, effective immediately. This transition follows the acquisition of the third-party servicing segment of Wells Fargo Bank’s commercial mortgage servicing business by Trimont, known as the CMS Transaction. This acquisition includes various servicing agreements for assets under the CD 2017-CD3 Mortgage Trust, covering significant commercial loans and properties. Trimont, with extensive experience in loan servicing and asset management, has been rated by key agencies as 'Strong' and 'Average' in various servicing capacities. The document details the specifications of the acquisition, including changes in obligations, operational integrations, and the ongoing relationship with Wells Fargo under a Transition Services Agreement that provides support during the transition period. Additionally, there are references to the performance metrics of Trimont and its prior servicing responsibilities. The summary also includes information on the immediate effects on servicing operations and expectations for continued loan management and compliance processes.