WFCM 2017-C38 – Deal Overview & Connected Data
Explore verified charts, linked entities, and recent activity for this CMBS deal. Data last updated January 28, 2026.2026-01-28
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Quick Answer
What is WFCM 2017-C38? A US commercial mortgage-backed security ($1.2B; 81 loans; 230 properties).
Identifiers: 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.
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Who's Involved#
Rating AgenciesMoodys, Fitch, KBRA
Certificate AdministratorWells Fargo Bank, N.A.
Special ServicerKeyBank National Association
Certificate AdministratorComputershare Trust Company, N.A.
Master ServicerWells Fargo Bank, National Association
Special ServicerKeyBank Real Estate Capital
DepositorWells Fargo Commercial Mortgage Securities, Inc.
Master ServicerTrimont Real Estate Advisors
Operating AdvisorPark Bridge Lender Services
TrusteeWilmington Trust, National Association
Deal Metrics
Key performance indicators and statistics tracking the deal's current status and history.Deal Overview
Original Trust Amount
$1,155,404,000Current Trust Amount
$977,197,567Number of Loans
81Number of Properties
230Average Loan Size
$14,264,247Portfolio Characteristics
Weighted Average Interest Rate
4.4%Weighted Average Term
116 monthsOriginal Valuation
$14,772,505,000Current Valuation
$14,202,970,000Key Dates
Origination Date
6/9/2017Latest Valuation
4/1/2025Latest Transfer
3/6/2025Latest Return
8/12/2025Latest Modification
9/25/2025Special Servicing Status
Loans in Special Servicing
1Special Servicing Balance
$46,388,019Loans Returned to Master
4Balance Returned
$125,499,296Avg Time in Special Servicing
337 daysAvg Time to Return
428 daysValuation Changes
Updated Valuations
1Total Updated Value
$547,200,000Value Change Amount
-$408,800,000Value Change Percentage
-42.8%Modifications
Number of Modifications
6Modified Balance
$125,108,673Deal Charts
Charts showing deal performance over time.
Fund Exposure#
Source: NPORT-P & related disclosures • 2026-01-28| Fund Name | Filing Date | FIGI | LEI | Tranches | Total Value | Reporting Period |
|---|---|---|---|---|---|---|
| JPMorgan Income ETF | 2026-01-28 | Search FIGI | Lookup LEI | D | $3,813,734 | 2026-02-28 |
| Federated Hermes Total Return Bond Fund | 2026-01-23 | Search FIGI | Lookup LEI | A-5 | $3,301,430 | 2025-11-30 |
| Delaware VIP Diversified Income Series | 2020-11-25 | Search FIGI | Lookup LEI | A-5 | $2,534,962 | 2020-12-31 |
| New Covenant Income Fund | 2025-11-28 | Search FIGI | Lookup LEI | A-5 | $177,215 | 2026-06-30 |
| T. Rowe Price Institutional Core Plus Fund | 2020-10-27 | Search FIGI | Lookup LEI | B | $174,934 | 2021-05-31 |
| Western Asset Total Return ETF | 2025-08-25 | Search FIGI | Lookup LEI | A-4 | $95,558 | 2026-03-31 |
| PPM Core Plus Fixed Income Fund | 2023-05-24 | Search FIGI | Lookup LEI | B | $49,671 | 2023-12-31 |
| Fund Name | Tranches | Ids |
|---|---|---|
| JPMorgan Income ETF $3,813,734 2026-02-28 | D | Search FIGI Lookup LEI |
| Federated Hermes Total Return Bond Fund $3,301,430 2025-11-30 | A-5 | Search FIGI Lookup LEI |
| Delaware VIP Diversified Income Series $2,534,962 2020-12-31 | A-5 | Search FIGI Lookup LEI |
| New Covenant Income Fund $177,215 2026-06-30 | A-5 | Search FIGI Lookup LEI |
| T. Rowe Price Institutional Core Plus Fund $174,934 2021-05-31 | B | Search FIGI Lookup LEI |
| Western Asset Total Return ETF $95,558 2026-03-31 | A-4 | Search FIGI Lookup LEI |
| PPM Core Plus Fixed Income Fund $49,671 2023-12-31 | B | Search FIGI Lookup LEI |
7 of 7 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.
* 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.
Provenance & Documents
Issuance → amendments → reports. Tap to view on SEC.Context & Commentary#
Entity Statements
💬 Servicer Commentary
2025-12-02
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 11/1/2025. 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
💬 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.
💬 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
External Analysis
No external analysis linked yet. Contact us to publish and link your research.Have a source-backed note on this deal? Contact us.
Datasets & API#
Machine-readable spec (ODPS): /odps/cmbs-deals.yamlGET 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": "Certificate Administrator",
"name": "Wells Fargo Bank, N.A."
},
{
"role": "Special Servicer",
"name": "KeyBank National Association"
},
{
"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": "Depositor",
"name": "Wells Fargo Commercial Mortgage Securities, Inc."
},
{
"role": "Master Servicer",
"name": "Trimont Real Estate Advisors"
},
{
"role": "Operating Advisor",
"name": "Park Bridge Lender Services"
},
{
"role": "Trustee",
"name": "Wilmington Trust, National Association"
}
]
}Access the underlying datasets used to power these analytics.

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