M&A - Wells Fargo Commercial Mortgage Trust 2015-C28

Form Type: 8-K

Filing Date: 2025-02-28

Corporate Action: Acquisition

Type: New

Accession Number: 000188852425003212

Filing Summary: Wells Fargo Commercial Mortgage Trust 2015-C28 reports a significant change in servicer, with Trimont LLC acquiring the servicing segment of Wells Fargo Bank’s commercial mortgage servicing business. The acquisition, termed the CMS Transaction, becomes effective as of March 1, 2025, paving the way for Trimont to take over Wells Fargo's duties and obligations under existing servicing agreements. Trimont, recognized for its servicing expertise, integrates a substantial number of former Wells Fargo employees, systems, and operational practices as a part of this transition. The document outlines that the CMS Transaction does not encompass servicing rights for loans originating through Fannie Mae, Freddie Mac, or FHA/Ginnie Mae, which will remain with Wells Fargo. Additionally, Wells Fargo will provide support services to Trimont under a Transition Services Agreement for a 12-month period, with potential extensions, to ensure a smooth transition. The text further elaborates on Trimont’s credentials and various servicing capabilities, including its compliance with servicing obligations and operational standards. The CMS Transaction is set to enhance the efficiency and continuity of servicing commercial mortgage loans moving forward.

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