M&A - CSMC 2016-NXSR Commercial Mortgage Trust

Form Type: 8-K

Filing Date: 2025-03-03

Corporate Action: Acquisition

Type: New

Accession Number: 000188852425003348

Filing Summary: On March 1, 2025, Trimont LLC completed the acquisition of the third-party servicing segment of Wells Fargo Bank's commercial mortgage servicing business, known as the CMS Transaction. This acquisition included the transfer of serving rights and responsibilities previously held by Wells Fargo, with Trimont expected to integrate key CMS employees and operational systems into its existing framework. The transaction excludes any servicing duties related to loans originated for Fannie Mae and Freddie Mac, which will continue to be managed by Wells Fargo. The CMS Transaction is a strategic move for Trimont, which aims to enhance its capabilities in managing a significant portfolio of commercial and multifamily mortgage loans. Following the acquisition, Trimont will manage loans using dual servicing technology platforms under a Transition Services Agreement (TSA) with Wells Fargo for continued operational support during the transition period. Overall, the acquisition is seen as a transformative step for Trimont in expanding its servicing capabilities in the industry.