M&A - GS Mortgage Securities Trust 2016-GS4

Form Type: 8-K

Filing Date: 2025-03-03

Corporate Action: Acquisition

Type: New

Accession Number: 000188852425003475

Filing Summary: On March 1, 2025, Trimont LLC, a Georgia limited liability company, became the master servicer under a pooling and servicing agreement following its acquisition of the third-party servicing segment, known as CMS, from Wells Fargo Bank, National Association. The CMS Transaction encompasses the integration of CMS employees and systems into Trimont's operational framework, aimed at enhancing their capabilities in loan servicing, asset management, and advisory solutions. Notably, as part of this transition, Wells Fargo will assist with certain services for an initial 12-month period under a Transition Services Agreement. Trimont’s service ratings from Fitch, S&P, and Morningstar DBRS reflect its qualifications as a master, primary, and special servicer of commercial mortgage loans, though some ratings have been placed on watch due to the ongoing integration period. The document details the portfolio serviced by Trimont, emphasizing the considerable size and scope of loans managed prior to and post-acquisition, including strategies for managing delinquent loans and ensuring compliance with servicing standards. Trimont has established a comprehensive servicing platform and procedures to adequately meet servicing obligations during and after the transition period, including the acquisition of funding for outstanding advances related to the transaction.