M&A - GS Mortgage Securities Trust 2021-GSA3

Form Type: 8-K

Filing Date: 2025-03-03

Corporate Action: Acquisition

Type: New

Accession Number: 000188852425003495

Filing Summary: On February 28, 2025, GS Mortgage Securities Trust 2021-GSA3 reported the acquisition of the third-party servicing segment of Wells Fargo Bank's commercial mortgage servicing business by Trimont LLC, effective March 1, 2025. This transaction, referred to as the CMS Transaction, involved the transfer of servicing duties, rights, and certain employees from Wells Fargo to Trimont, significantly enhancing Trimont's servicing capabilities. The integration includes adjustments to Trimont's servicing technology and operating procedures. Trimont is certified as a master servicer, and its ratings are influenced by its recent acquisition and operational transitions. The document underscores the expected benefits of the acquisition, including improved servicing standards and enhanced compliance with federal or state laws and investor requirements. No legal proceedings are reported to pose material risks to certificateholders. Additional details about the integration process and expectations for operational efficiency improvements are also provided.