M&A - DBJPM 2016-C1 Mortgage Trust

Form Type: 8-K

Filing Date: 2025-02-28

Corporate Action: Acquisition

Type: New

Accession Number: 000188852425003170

Filing Summary: The document reports on the acquisition of the third-party servicing segment of Wells Fargo's commercial mortgage servicing business by Trimont LLC, which is designated as the master servicer under various pooling and servicing agreements. This acquisition includes the transfer of Wells Fargo's duties and rights as a servicer under relevant servicing agreements to Trimont. The integration process will involve merging operational functions and employee responsibilities between Trimont and the acquired CMS segment. Following the transaction, Trimont is set to manage a significantly expanded portfolio of commercial mortgage loans, with changes to servicing procedures anticipated during a transition period facilitated by a Transition Services Agreement with Wells Fargo. Notably, information on Trimont’s ratings as a servicer from key rating agencies is included, indicating a positive outlook on the master servicer's capabilities amid the transaction.

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