WFCM 2017-C38 – Deal Overview & Connected Data

Explore verified charts, linked entities, and recent activity for this CMBS deal. Data last updated October 1, 2025.
2025-10-01

Context Brief

  • What it is: A 2025-vintage CMBS transaction issued by WFCM 2017-C38, backed by 81 loans across 230 commercial properties, totaling $1,155,404,000 in collateral. Structured as a multi-borrower conduit deal.
  • What's notable: Strong entity coverage with 10 verified counterparties and comprehensive cross-referenced collateral from prior series.
  • Key identifiers: CIK 1707817 | Shelf | Series wfcm2017-c38 | Issued 2025-Q1
  • Verify: Review source filings in Deal Documents, or confirm entity ownership via Verified Profiles.
📋 Quick Links
🏢 Entities
10
📈 Metrics
30
📊 Charts
15
💰 Fund Holdings
18
📄 Documents
3
💬 Analysis & Commentary
3
Back to top

Who's Involved#

Rating AgenciesMoodys, Fitch, KBRAOwn this profile? Verify your entity.
Special ServicerKeyBank National AssociationOwn this profile? Verify your entity.
Certificate AdministratorWells Fargo Bank, N.A.Own this profile? Verify your entity.
Operating AdvisorPark Bridge Lender ServicesOwn this profile? Verify your entity.
Master ServicerTrimont Real Estate AdvisorsOwn this profile? Verify your entity.
Certificate AdministratorComputershare Trust Company, N.A.Own this profile? Verify your entity.
Special ServicerKeyBank Real Estate CapitalOwn this profile? Verify your entity.

Deal Metrics

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

Deal Overview

Original Trust Amount
$1,155,404,000
Current Trust Amount
$983,938,842
Number of Loans
81
Number of Properties
230
Average Loan Size
$14,264,247

Portfolio Characteristics

Weighted Average Interest Rate
4.4%
Weighted Average Term
116 months
Original Valuation
$14,772,505,000
Current Valuation
$14,624,770,000

Key Dates

Origination Date
6/9/2017
Latest Valuation
1/1/1970
Latest Transfer
3/6/2025
Latest Return
8/12/2025
Latest Modification
7/11/2020

Special Servicing Status

Loans in Special Servicing
1
Special Servicing Balance
$50,000,000
Loans Returned to Master
4
Balance Returned
$125,733,131
Avg Time in Special Servicing
224 days
Avg Time to Return
428 days

Valuation Changes

Updated Valuations
0
Total Updated Value
N/A
Value Change Amount
N/A
Value Change Percentage
N/A

Modifications

Number of Modifications
5
Modified Balance
$79,084,850

Deal Charts

Visual analytics and interactive charts showing the deal's performance over time. Track key metrics like balance, delinquency rates, and special servicing status through interactive visualizations.

Geographic Distribution - WFCM 2017-C38 - All States
2025-10-01

Fund Exposure#

Source: NPORT-P & related disclosures • 2025-08-26
Fund NameFiling DateFIGILEITranchesTotal ValueReporting Period
Baird Short-Term Bond Fund2025-08-14Search FIGILookup LEIA-5$37,460,8482025-12-31
Bridge Builder Core Bond Fund2025-08-27Search FIGILookup LEIA-4$11,984,8302025-06-30
Federated Hermes Total Return Bond Fund2025-07-22Search FIGILookup LEIA-5$3,248,4062025-11-30
PSF PGIM 50/50 Balanced Portfolio2025-08-27Search FIGILookup LEIA-4$2,865,9382025-12-31
Invesco Income Fund2025-07-29Search FIGILookup LEIA-S$2,543,8922026-02-28
Delaware VIP Diversified Income Series2020-11-25Search FIGILookup LEIA-5$2,534,9622020-12-31
Strategic Advisers Core Income Fund2025-07-30Search FIGILookup LEIA-S$1,065,2962026-02-28
Mercer Core Fixed Income Fund2025-08-21Search FIGILookup LEIA-4$825,2752026-03-31
PGIM Balanced Fund2025-08-27Search FIGILookup LEIA-4$607,9262025-09-30
Fidelity Total Bond ETF2025-07-24Search FIGILookup LEIA-SB$598,1482025-08-31
SPDR Portfolio Aggregate Bond ETF2025-08-28Search FIGILookup LEIA-5$490,0592025-06-30
Nuveen Multi-Market Income Fund2025-08-28Search FIGILookup LEIC$461,6552025-06-30
SPDR DoubleLine Total Return Tactical ETF2025-08-28Search FIGILookup LEIX-A$417,2972025-06-30
New Covenant Income Fund2025-08-28Search FIGILookup LEIA-5$176,3682025-06-30
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
PPM Core Plus Fixed Income Fund2023-05-24Search FIGILookup LEIB$49,6712023-12-31
Multimanager Core Bond Portfolio2025-08-26Search FIGILookup LEIX-A$27,6232025-12-31
Fund NameTranchesIds
Baird Short-Term Bond Fund
$37,460,848
2025-12-31
A-5Search FIGI
Lookup LEI
Bridge Builder Core Bond Fund
$11,984,830
2025-06-30
A-4Search FIGI
Lookup LEI
Federated Hermes Total Return Bond Fund
$3,248,406
2025-11-30
A-5Search FIGI
Lookup LEI
PSF PGIM 50/50 Balanced Portfolio
$2,865,938
2025-12-31
A-4Search FIGI
Lookup LEI
Invesco Income Fund
$2,543,892
2026-02-28
A-SSearch FIGI
Lookup LEI
Delaware VIP Diversified Income Series
$2,534,962
2020-12-31
A-5Search FIGI
Lookup LEI
Strategic Advisers Core Income Fund
$1,065,296
2026-02-28
A-SSearch FIGI
Lookup LEI
Mercer Core Fixed Income Fund
$825,275
2026-03-31
A-4Search FIGI
Lookup LEI
PGIM Balanced Fund
$607,926
2025-09-30
A-4Search FIGI
Lookup LEI
Fidelity Total Bond ETF
$598,148
2025-08-31
A-SBSearch FIGI
Lookup LEI
SPDR Portfolio Aggregate Bond ETF
$490,059
2025-06-30
A-5Search FIGI
Lookup LEI
Nuveen Multi-Market Income Fund
$461,655
2025-06-30
CSearch FIGI
Lookup LEI
SPDR DoubleLine Total Return Tactical ETF
$417,297
2025-06-30
X-ASearch FIGI
Lookup LEI
New Covenant Income Fund
$176,368
2025-06-30
A-5Search 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
PPM Core Plus Fixed Income Fund
$49,671
2023-12-31
BSearch FIGI
Lookup LEI
Multimanager Core Bond Portfolio
$27,623
2025-12-31
X-ASearch FIGI
Lookup LEI
18 of 18 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? Verify your fund to ensure accurate exposure mapping.

Provenance & Documents

Issuance → amendments → reports. Tap to view on SEC.
2025-10-01
Latest
Monthly Remittance Report
Document filing with updated information.
View on SEC →
2017-06-21
Annex A
Document filing with updated information.
View on SEC →
2017-06-21
Final Termsheet
Document filing with updated information.
View on SEC →

Context & Commentary#

Entity Statements

💬 Servicer Commentary

2025-10-01
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 9/1/2025. Servicer is a ct ively negotiating modification terms with Borrower. Appraisal has been received and is under review.
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. Become a Verified Contributor to publish and link your research.
All items include provenance (author, timestamp, source). See Create-Data for how verified notes become training-ready artifacts.Have a source-backed clarification? Add verified context.
Have a source-backed note on this deal? Add verified context and help the market ground analysis in citations.

Datasets & API#

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


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
Free to Explore
Dealcharts remains free to explore. Verification funds stewardship of the public context graph.
Verify Your EntityBecome a Contributor

PLATFORM

SignalsSearchAPI & Data AccessDatasetsToolsIntegrationsVerifiedContributorsPricing

PLATFORM

SignalsSearchAPI & Data AccessDatasetsToolsIntegrationsVerifiedContributorsPricing

MARKETS

Capital MarketsCMBSAuto ABSBDCsFund HoldingsAsset Backed Securities

COUNTERPARTIES

IssuersServicersTrusteesRatings AgenciesFundsResearchersVendors

LEARN

OnboardingCreate DataSignal TaxonomyBlogAboutRoadmap

CONNECT

Contact UsX (Twitter)Substack
Powered by CMD+RVL
Dealcharts is powered by CMD+RVL's Context Engine.
© 2025 CMD+RVL. All rights reserved.
Not investment advice. For informational purposes only.
Dealcharts operates under the Create-Data stewardship model, where verified context may be included in public datasets for attribution and future licensing.
Disclosures · Privacy · Security · License
(Built 2025-10-18)