DealChartsby CMD+RVL

WFCM 2017-C38

Explore verified charts, linked entities, and recent activity for this CMBS deal. Data last updated June 29, 2026.
2026-06-29
Coverage: 100%Freshness: 5 days

Quick Answer

What is WFCM 2017-C38? A US commercial mortgage-backed security issued June 2017 ($1.2B; 71 loans; 230 properties).

Identifiers: Shelf WF; Series wfcm2017-c38; CIK 1707817.

Unique value: Dealcharts provides computed pool metrics, time-series performance analysis, and cross-deal comparisons not available in raw SEC EDGAR filings.

Sources: SEC EDGAR CIK 1707817.

What it means for you: This is the reported figure—the same for everyone, and it takes no one's side. For what it means from a specific position, email cairn+page@cmdrvl.com —name the CUSIP you hold (or a seat you're sizing up) and Cairn tailors the read to your position, with the receipts.

Part of:2017 VintageWF ShelfKeyBank National Association (Special Servicer)KeyBank Real Estate Capital (Special Servicer)
Machine-readable data: https://dealcharts.org/llm/facts/wfcm2017-c38.json · API docs
Have a question this page didn't answer? Ask Cairn →
On this page:Entities10Metrics34Charts15Fund Holdings6Documents3Analysis & Commentary5

Who's Involved#

Rating AgenciesMoodys, Fitch, KBRA
Certificate AdministratorComputershare Trust Company, N.A.
Master ServicerTrimont Real Estate Advisors
DepositorWells Fargo Commercial Mortgage Securities, Inc.
Special ServicerKeyBank National Association
Master ServicerWells Fargo Bank, National Association
Operating AdvisorPark Bridge Lender Services
TrusteeWilmington Trust, National Association
Certificate AdministratorWells Fargo Bank, N.A.

Deal Metrics

Key performance indicators and statistics tracking the deal's current status and history.

Deal Overview

Aggregate Original Loan Amount
$1.16B
Current Trust Amount
$952.5M
Number of Loans
71
Number of Properties
230
Average Loan Size
$14.3M

Portfolio Characteristics

Weighted Average Interest Rate
4.4%
Weighted Average Term
116 months
WA DSCR (NCF) at Issuance
2.50x
WA DSCR (NCF) Current
1.98x
Original Valuation
$14.77B
Current Valuation
$13.51B

Key Dates

Origination Date
6/9/2017
Latest Valuation
4/1/2025
Latest Transfer
4/16/2026
Latest Return
8/12/2025
Latest Modification
9/25/2025

Special Servicing Status

Loans in Special Servicing
3
Special Servicing Balance
$72.8M
Loans Returned to Master
4
Balance Returned
$125.2M
Avg Time in Special Servicing
276 days
Avg Time to Return
428 days

Valuation Changes

Updated Valuations
1
Total Updated Value
$547.2M
Value Change Amount
$-408.8M
Value Change Percentage
-42.8%

Modifications

Number of Modifications
6
Modified Balance
$113.3M

Deal Charts

Charts showing deal performance over time.

Geographic Distribution - WFCM 2017-C38 - All States
2026-06-29

Fund Exposure#

Source: NPORT-P & related disclosures • 2020-10-27
Fund NameFiling DateFIGILEITranchesTotal ValueReporting Period
Delaware VIP Diversified Income Series2020-11-25Search FIGILookup LEIA-5$2,534,9622020-12-31
JPMorgan Income Builder Fund2026-06-26Search FIGILookup LEID$1,384,1222026-10-31
T. Rowe Price Institutional Core Plus Fund2020-10-27Search FIGILookup LEIB$174,9342021-05-31
Western Asset Total Return ETF2025-08-25Search FIGILookup LEIA-4$95,5582026-03-31
DoubleLine Commercial Real Estate ETF2026-02-20Search FIGILookup LEIA-4$95,2852026-09-30
PPM Core Plus Fixed Income Fund2023-05-24Search FIGILookup LEIB$49,6712023-12-31
Fund NameTranchesIds
Delaware VIP Diversified Income Series
$2,534,962
2020-12-31
A-5Search FIGI
Lookup LEI
JPMorgan Income Builder Fund
$1,384,122
2026-10-31
DSearch FIGI
Lookup LEI
T. Rowe Price Institutional Core Plus Fund
$174,934
2021-05-31
BSearch FIGI
Lookup LEI
Western Asset Total Return ETF
$95,558
2026-03-31
A-4Search FIGI
Lookup LEI
DoubleLine Commercial Real Estate ETF
$95,285
2026-09-30
A-4Search FIGI
Lookup LEI
PPM Core Plus Fixed Income Fund
$49,671
2023-12-31
BSearch FIGI
Lookup LEI
6 of 6 funds* Use toggle buttons to sort
* This table is not yet exhaustive. It is a new feature and contains only the funds we have found so far based on the tranche identifiers we know about. We are still working on it!
* The FIGI Search url provided for each fund will link you to the OpenFIGI search page to lookup FIGI identifiers.
* Reporting Period represents the reporting period end date from the NPORT-P filing.
* For full disclosures, please visit our disclosures page.
Filings are mapped to tranches/deals with normalized identifiers.Quality & lineageFund not listed or misattributed? Contact us at support@cmdrvl.com to ensure accurate exposure mapping.

Provenance & Documents

Issuance → amendments → reports. Tap to view on SEC.
2026-05-28
Latest
Monthly Remittance Report
Document filing with updated information.
View on SEC →
2017-06-21
Final Termsheet
Document filing with updated information.
View on SEC →
2017-06-21
Annex A
Document filing with updated information.
View on SEC →

Context & Commentary#

Curious about data-center or AI-tenant exposure across CMBS collateral? See AI & data-center exposure →

Entity Statements

💬 Servicer Commentary

2026-06-29
Portfolio (65 Hotel properties)
Starwood Capital Group Global L.P.
Prospectus ID: 4
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 6/1/2026. A Modification Agreement was signed on 9/25/2025 which provides for the expedited sale of underperforming assets along with modifications to certain release provisions, cash-management terms and other terms to improve funding towards operations at remaining portfolio. As of 5/31/2026, twenty-nine (29) collateral assets have been released for a cumulative paydown of $172.2MM.
Open Deal →

💬 Servicer Commentary

2026-06-29
Valley Creek Corporate Center
Ten Capital Management
Prospectus ID: 9
Loan is secured by 259,497 sf of office space split between three buildings located in Exton, PA. Loan transferred to Special Servicing effective 4/16/2026 due to imminent monetary default. Borrower has submitted a modification proposal, which
Open Deal →

💬 Servicer Commentary

2026-06-29
North Towne Commons
Daniel Abramson
Prospectus ID: 44
The asset transferred to Special Servicing effective 3/5/2026 due to imminent monetary default. The loan is secured by a 92,968 sf anchored neighborhood center located in Toledo, Ohio. As of 10/01/2025, the property was 61%
Open Deal →

💬 Servicer Commentary

2025-08-28
225 & 233 Park Avenue South
Orda Management Corporation
Prospectus ID: 6
Borrower and Lender have entered into a loan modification, effective 7/8/2025. SS is coordinating with MS on returning the loan. The loan is payment current and due for the August 2025 payment.
Open Deal →

💬 Servicer Commentary

2025-03-26
Rite Aid - Allentown
Aleksander Goldin
Prospectus ID: 62
The Loan was transferred to Special Servicing on November 29, 2023, due to Imminent Monetary Default. The Special Servicer has reached out to the Borrower and executed a pre-negotiation agreement. The Special Servicer and Borrower are
Open Deal →

External Analysis

No external analysis linked yet. Contact us to publish and link your research.
All items include provenance (author, timestamp, source).Have a source-backed clarification? Contact us.
Monitoring
This deal's collateral and ratings data changes over time. Who is watching it for you?
CMD+RVL runs monitors on the filings behind this page — new servicer reports, ratings actions, collateral shifts — and delivers each state change with full provenance.
Set up monitoring for this deal
Have a source-backed note on this deal? Contact us.

Datasets & API#

GET https://dealcharts.org/llm/facts/wfcm2017-c38.json
{
  "deal_id": "wfcm2017-c38",
  "issuer": "",
  "shelf": "WF",
  "issue_date": "",
  "linked_entities": [
  {
    "role": "Rating Agencies",
    "name": "Moodys, Fitch, KBRA"
  },
  {
    "role": "Certificate Administrator",
    "name": "Computershare Trust Company, N.A."
  },
  {
    "role": "Master Servicer",
    "name": "Trimont Real Estate Advisors"
  },
  {
    "role": "Depositor",
    "name": "Wells Fargo Commercial Mortgage Securities, Inc."
  },
  {
    "role": "Special Servicer",
    "name": "KeyBank National Association"
  },
  {
    "role": "Master Servicer",
    "name": "Wells Fargo Bank, National Association"
  },
  {
    "role": "Operating Advisor",
    "name": "Park Bridge Lender Services"
  },
  {
    "role": "Trustee",
    "name": "Wilmington Trust, National Association"
  },
  {
    "role": "Special Servicer",
    "name": "KeyBank Real Estate Capital"
  },
  {
    "role": "Certificate Administrator",
    "name": "Wells Fargo Bank, N.A."
  }
]
}


Access the underlying datasets used to power these analytics.
Snowflake Logo

CMBS Fund Holdings Dataset

Filing data from sec.gov NPORT-P to produce the Fund Holdings table.

Go to Marketplace   Data Dictionary
Paid
Snowflake Logo

CREFC IRP standardized datasets

Get the standardized dataset following the CREFC IRP format, ideal for advanced reporting and analysis.

Go to Marketplace   Data Dictionary
Paid
Ask Cairn

What does WFCM 2017-C38 mean for you?

Tell Cairn where you sit — a CUSIP you hold, or a seat you're sizing up. Cairn does the digging and tailors the answer to your position, every figure tied to the filing it came from.
Email Cairn cairn@cmdrvl.com
01Tell Cairn the deal and your seat
02Cairn does the digging
03You get the read for your seat, by email
A pilot — a question or two each, free. Cairn writes back by email, not on the spot; some answers need data dug up or a pipeline built first.
Free to Explore
Dealcharts remains free to explore for everyone.
Verify Your EntityBecome a Contributor

PLATFORM

ToolsIntegrationsContributors

PLATFORM

ToolsIntegrationsContributors

FOR DEVELOPERS

API & Data AccessDatasets

MARKETS

Capital MarketsCMBSAuto ABSBDCsFund HoldingsAsset Backed SecuritiesSpecial ServicersAI & Data-Center ExposureBrowse by VintageBrowse by Shelf

SOLUTIONS

Who We ServeIssuersServicersTrusteesRatings AgenciesFundsResearchersVendors

LEARN

BlogAboutOntology

CONNECT

Contact UsCMD+RVL Packages ↗TrancheList ↗X (Twitter)Substack
Powered by CMD+RVL
DealCharts is the public projection surface. CMD+RVL operates the outcome work. TrancheList maps the vendor ecosystem.
© 2026 CMD+RVL. All rights reserved.
Not investment advice. For informational purposes only.
Disclosures · Privacy · Security · License
(Built 2026-07-04)