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CMBS dealSpecial servicing active

WFCM 2017-C38

As of 6/29/2026Source: SEC EDGAR, CIK 1707817
Latest answer
WFCM 2017-C38 is a CMBS reference page with collateral metrics, transaction parties, filings, fund exposure, and machine-readable facts tied back to source disclosure.
Coverage: 100%Freshness: 10 days
Context brief

Quick Answer

What is WFCM 2017-C38? A US commercial mortgage-backed security issued June 2017 ($1.2B; 71 loans; 220 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 and name the CUSIP you hold (or a seat you're sizing up). 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:Entities10Metrics34Charts15Macro Context1Fund 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
Current Trust Amount
Number of Loans
Number of Properties
Average Loan Size

Portfolio Characteristics

Weighted Average Interest Rate
Weighted Average Term
WA DSCR (NCF) at Issuance
WA DSCR (NCF) Current
Original Valuation
Current Valuation

Key Dates

Origination Date
Latest Valuation
Latest Transfer
Latest Return
Latest Modification

Special Servicing Status

Loans in Special Servicing
Special Servicing Balance
Loans Returned to Master
Balance Returned
Avg Time in Special Servicing
Avg Time to Return

Valuation Changes

Updated Valuations
Total Updated Value
Value Change Amount
Value Change Percentage

Modifications

Number of Modifications
Modified Balance

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 • 2023-05-24
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.
2026-06-29
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#

This deal is tagged for AI-industry / data-center exposure (Tech Giant, Chip Manufacturers). See the full list of AI-exposed CMBS deals →

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."
  }
]
}


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Marketplace dataset

CMBS Fund Holdings Dataset

Snowflake Marketplace

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

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