M&A - COMM 2014-LC17 Mortgage Trust

Form Type: 8-K

Filing Date: 2025-02-28

Corporate Action: Acquisition

Type: New

Accession Number: 000188852425003166

Filing Summary: Trimont LLC, a Georgia limited liability company, has been designated as the master servicer for COMM 2014-LC17 Mortgage Trust following the purchase of the third-party servicing segment of Wells Fargo Bank's commercial mortgage servicing business. This acquisition, effective as of March 1, 2025, also referred to as the CMS Transaction, involved integrating Trimont's operations with formerly Wells Fargo services without affecting loans originated for Fannie Mae, Freddie Mac, and FHA/Ginnie Mae, which will continue under Wells Fargo's management. The transition period includes a Transition Services Agreement (TSA) where Wells Fargo will support Trimont's operations for the first twelve months. This strategic move involves significant restructuring within Trimont and aims to enhance its operational capabilities in managing commercial mortgage servicing. Trimont's service ratings from various credit ratings agencies are noted, as well as the expected portfolio growth from this acquisition. The acquisition positions Trimont to leverage advanced servicing technologies and broader operational practices moving forward.

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