1,106 deals

Wells Fargo Bank, National Association - Special Servicer

A trusted name in financial services, Wells Fargo provides comprehensive servicing solutions for CMBS transactions. We are tracking 1 CMBS deals from this servicer's portfolio.

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Recent Deals

Servicer Metrics

Key performance indicators and workout statistics for Wells Fargo Bank, National Association.

Workout Statistics

Modifications
0
Foreclosures
0
Bankruptcies
0
Extensions
0
Note Sales
0
DPOs
0
REOs
0
Deed in Lieu
0
Full Payoffs
0

Current Status

Active Deals
0
Resolved
0
Returned
0
Pending Return
0
Most Recent Transfer
N/A
Most Recent Return
N/A

Recent Commentary

Special servicers provide regular updates on troubled loans through SEC filings, offering valuable insights into workout strategies and asset performance. Below are recent comments from Wells Fargo Bank, National Association, highlighting their approach to managing distressed CMBS assets.

Loan transferred to SS on 10/17/22 for imminent monetary default. A Forbearance Agreement was entered into on 1/31/2024 providing the Borrower through 4/30/2024 to bring the Loan current and implement cash management. The Borrower was unable to bring th e Loan current through 4/30/2024. Borrower has not made any substantive offers to bring Loan current. Foreclosure complaint filed 11/1/2024. Litigation ongoing. Receiver was appointed 4/16/2025.

WFCM 2019-C50
2025-05-29
Lake Hills Plaza

Loan transferred due to Payment Default as a result of the Covid-19 pandemic. Special Servicer has commenced foreclosure process. Borrower received court approval and has put a limited receiver into the Hampton Inn to supervise contractor work. Court has granted Lender's request for a Receivership and Janus is now acting in that capacity. Presently addressing PIP completion and CapEx needs of hotels, plus branding - Borrower let Best Western flag expire. Borrower put three of five hotels into Chapter 11 b ankruptcy protection. Lender has brought suit under the Guaranty and Guarantor has answered; MSJ filed and Borrower has opposed. Lender restarted foreclosure process on two hotels that are not in bankruptcy; Receiver will market Appeals court denied Borro wer's appeal of order appointing Receiver. Borrower has stipulated to the US Trustee's appointment of an examiner; Patricia Fugee has been appointed.

WFCM 2019-C50
2025-05-29
Portfolio (5 Hotel properties)

The loan transferred to special servicing in May 2020 due to a borrower-declared imminent monetary default as a result of COVID-19. The loan subsequently went into payment default beginning with the May 2020 payment. Special Servicer and the borrower part ies engaged in discussions relating to a forbearance agreement but the Borrower failed to enter into an agreement. Court-appointed receiver in place. The asset was marketed for sale and all offers are currently under review.

WFCM 2019-C50
2025-05-29
Portfolio (3 Hotel properties)

The Loan transferred due to COVID-related issues. Receivership order entered. Receiver hired sales agent to market asset. Special Servicer is currently evaluating a potential loan assumption/receiver sale. PSA has been executed. Assumption

WFCM 2019-C50
2025-05-29
Staybridge Suites Odessa Interstate Highway 20

A Receiver as appointed on 2/5/25. The foreclosure process continues to move forward.

WFCM 2018-C45
2025-05-29
Parkway Center
Robert Oppenheim

Loan transferred to Special Servicing effective 2/24/25 due to imminent default. Hello Letter was noticed and PNA has been executed. Collateral consists of a 65 mixed service hotels, totaling 6,366 keys. Loan is paid through 5/1/2025. Servicer is actively negotiating modification terms with Borrower. Appraisal has been ordered.

BMARK 2018-B1
2025-05-28
Portfolio (65 Hotel properties)
SCG Hotel Investors Holdings L.P.

Title Date: 7/5/24 Property Description: The property represents the retail component of a mixed-use high-rise development located at 1114-1126 Lake Street in Oak Park, Cook County, Illinois. The 0.80-acre site is along the northern side of Lake St re et just east of Harlem Avenue. The property was constructed in 2006 and include 63,010 square feet of gross leasable area. Leasing Summary: Fitness Formula Club occupies 47,074 square feet of space on floors one through three with a base lease through May 2027. There are five additional ground-level retail spaces that are currently vacant. The leasing agent on the property has been switched as of September 2024. The new leasing company is currently marketing the vacancies. Negotiating a new lease with a credit tenant for 3,516 SF. The subject occupancy rate is 74.7% Marketing Summary: The property is not currently listed for sale but is being marketed for lease.

BMARK 2018-B1
2025-05-28
1114-1126 Lake Street
Antonio Vallado

Subject is a $940,000,000 note that is secured by a senior lien against a 47-story, 1,596,521 square foot, Class A multi-tenant office property located at 825 Eight Avenue in New York City. Note is due for the April 6, 2025 payment and matures on November 6, 2027. Collateral also includes 252,107 square feet of amenity space (restaurant and retail tenants). Capital stack includes mezzanine debt. The Cravath law firm lease expired on August 31, 2024 and the tenant vacated the collateral at said time. The Borrower does not have a replacement tenant. The loss of this tenant causes operating shortfalls for the September 2024 and subsequent waterfalls. Note was transferred to the special servicer on September 13, 2024 due to imminent default. Nomura, a current tenant, has an early termination option date on July 1, 2025. Legal counsel has been engaged and a PNA agreement has been executed with the Borrower. Default notices were sent to the mezzanine lenders and they have not responded within the required 30-day window. Loan was therefore modified to utilize loan reserves to fund shortfalls in the monthly operating expenses and debt service waterfall through the senior secured debt. Borrower is in negotiations with Nomura for the extension of their lease. Nomura is also working with a landlord at a second location. Borrower has started negotiations for the restructuring of the note with the Special Servicer to allow new

BMARK 2018-B1
2025-04-28
Worldwide Plaza
SL Green Operating Partnership L.P.

Subject is a $940,000,000 note that is secured by a senior lien against a 47-story, 1,596,521 square foot, Class A multi-tenant office property located at 825 Eight Avenue in New York City. Note is due for the April 6, 2025 payment and matures on November 6, 2027. Collateral also includes 252,107 square feet of amenity space (restaurant and retail tenants). Capital stack includes mezzanine debt. The Cravath law firm lease expired on August 31, 2024 and the tenant vacated the collateral at said time. The Borrower does not have a replacement tenant. The loss of this tenant causes operating shortfalls for the September 2024 and subsequent waterfalls. Note was transferred to the special servicer on September 13, 2024 due to imminent default. Nomura, a current tenant, has an early termination option date on July 1, 2025. Legal counsel has been engaged and a PNA agreement has been executed with the Borrower. Default notices were sent to the mezzanine lenders and they have not responded within the required 30-day window. Loan was therefore modified to utilize loan reserves to fund shortfalls in the monthly operating expenses and debt service waterfall through the senior secured debt. Borrower is in negotiations with Nomura for the extension of their lease. Nomura is also working with a landlord at a second location. Borrower has started negotiations for the restructuring of the note with the Special Servicer to allow new

BMARK 2018-B1
2025-04-28
Worldwide Plaza

REO Title Date: February 21, 2025. Description of Collateral: The subject property is a retail condominium unit located at 156-168 Bleecker Street in New York, New York. More specially, the property is located on the southern blockfront of BleekerStreet between Sullivan Street and Thompson Street, within the Greenwich Village neighborhood of Manhattan. The subject commercial unit consists of 27,541 SF of net rentable area, with 14,706 SF of ground floor level space and 12,835 square feet of sellingb asement space. It is currently configured as seven retail units and one residential unit (a fair Currently three of the retail units are occupied while the remaining four units are vacant. The residential unit is vacant and cannot be occupied without being renovated. Leasing Summary: Recently finalized a renewal with CVS.Ev aluating LOI for end-cap. Colliers has been appointed as PM/easing agent. Marketing Summary: Asset is not currently listed for sale.

BMARK 2018-B1
2025-04-28
156-168 Bleecker
RWN Capital Holdings LLC
* This list shows only a few of the most recent special servicing commentaries. We are continuously updating our coverage!
* Commentary dates (asof) represent when the special servicer made the comment.
* For full disclosures, please visit our disclosures page.

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CMBS Special Servicing Commentary

Special servicing commentary extracted from sec.gov Form 10-D filing servicer reports.

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