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.

The Loan transferred to Special Servicing 11/5/24 due to payment default. Borrower did not execute PNL. Notice of Default sent 1/7/25. Special Servicing has accelerated the loan and engaged outside counsel to enforce legal remedies.

UBSCM 2017-C4
2025-06-30
221-223 W. Ohio & 215 W. Ohio
Gloria Flores Soto
Prospectus ID: 30

The loan transferred to Special Servicing on 2/27/2025 due to imminent monetary default. Borrower signed PNL 3/28/25. Special Servicer has engaged counsel and is evaluating its rights and remedies under the loan documents. Loan has

UBSCM 2017-C4
2025-06-30
Doubletree Berkeley Marina
Apollo Bright LLC
Prospectus ID: 23

The Loan transferred to the Special Servicer on 5/19/2023 due to Imminent Monetary Default. Cash Management was triggered and Borrower has not been cooperative with implementation. A notice of default was sent. A receivership order was granted by the co urt in 10/2024 and the receiver is operating the property. Special Servicer is pursuing foreclosure.

UBSCM 2017-C4
2025-06-30
401 West Ontario
Sean J. Conlon
Prospectus ID: 42

The Loan has recently transferred due to Imminent Monetary Default. Upon transfer to Special Servicing the Borrower informed the Lender it is no longer willing to contribute additional capital to the Property and wishes to transition the Property to the L ender. A PNL has been executed and Special Servicer has engaged legal counsel. On July 25, 2023 CBRE was appointed as receiver. On November 20, 2023, the Court approved the Lender's motion for order of default, judgment of foreclosure and sale. A foreclo sure sale took place Jan 19, 2024 and on Feb 22, 2024 the court approved the sale. Evaluating sales timing with current leasing activity. 2025 sale anticipated. Interviewing sales brokers.

UBSCM 2017-C4
2025-06-30
1600 Corporate Center
Jeffrey Spangler
Prospectus ID: 14

The transferred to Special Servicing due to non compliance with insurance requirements. Special Servicer is reaching out to the Borrower and evaluating the Loan. Borrower has not signed the PNL. Special Servicer has engaged counsel. Special Servicer is p ending receipt of requested due diligence items. Continuing to correspond strictly through counsel as Borrower refuses to sign PNL to begin discussions. Engaged in ongoing efforts regarding required insurance

UBSCM 2017-C4
2025-06-30
Portfolio (4 Retail properties)
Mathieu Rosinsky
Prospectus ID: 28

Loan transferred SS on 5/18/23 for imminent default due to cash flow issues. Borrower has stopped funding shortfalls. Lender filed foreclosure and will continue to discuss alternatives with Borrower.

JPMCC 2016-JP4
2025-06-26
Riverway
Adventus Holdings LP
Prospectus ID: 4

Due to drop in occupancy cash flow has declined and is not significant to cover debt service and operating expenses. The Borrower has indicated they do not have funds to carry the property, so willing to cooperate with the lender to take back

JPMCC 2016-JP4
2025-06-26
1140 Avenue Of The Americas
New York City Operating Partnership L.P.
Prospectus ID: 14

Loan transferred to the Special Servicer on 9/13/2024 for Imminent Default due to cash flow issues. Collateral consists of Park Square, a 503,312 SF office building located in the Back Bay neighborhood of Boston, MA, originally constructed in 1923 and subsequently renovated between 2014-2016. WeWork, which represented 27% of the GLA (137K SF), terminated its lease. Lender was also notified that Borrower will cease to fund any shortfalls out of additional capital contributions by its equity owners. Lender is currently trapping all cash flow from the Property. A Notice of Default and Reservation of Rights has been sent. As of the 6/30/2024 YTD financials, the NOI/DSCR/Occ. at the property is $541K/ 0.12x/ 42%. The Special Servicer will gather additional information and simultaneously discuss workout strategies deemed appropriate to achieve the highest net present value recovery.

BANK 2017-BNK9
2025-06-26
Park Square
Richard D. Cohen
Prospectus ID: 7

The loan transferred to special servicing in November 2020 due to borrower-declared imminent default as result of COVID-19 and subsequently went into payment default for the October 2020 payment. A receivership order was entered in February 2022 ap pointing GF Hotels as receiver. Marriott remains as manager of the property. Foreclosure sale took place on April 17, 2023, and lender was the winning bidder. The property became REO in August 2023. In Q1 2023 SS engaged in a process to sell the asset. Given the state of the financing environment and limited offers received, SS elected not to sell at that time. . The property continues to perform well compared to its comp set and the PIP items accounted for under the 2024/2025 approved CapEx plan are in process. T12 RevPAR was $107.02 which is a 2% increase over the previous year. The hotel is currently on the market with a sale expected in Q3 2025. A buyer has been chosen and a

BANK 2017-BNK9
2025-06-26
Bwi Airport Marriott
Graham Snell
Prospectus ID: 8

Borrower working on supplying necessary materials for Guarantor Change/Equity Transfer.

UBSCM 2017-C4
2025-04-30
Grandview Shopping Center
Matthew Florez
Prospectus ID: 18
* 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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