1,109 deals

WFCM 2017-C38 - Charts and Resources

Data discoverability for CMBS deal WFCM 2017-C38 updated as of 2025-06-27.

2025-06-27

Deal Overview

Wells Fargo Commercial Mortgage Trust 2017-C38's issuance is a U.S. CMBS transaction issued from the WF shelf and backed by 81 commercial mortgage loans with an aggregate principal balance of 1.2 billion at issuance, secured by the fee and leasehold interests in 230 properties across 35 U.S. states.
RoleParty
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
$1,155,404,000
Current Trust Amount
$986,238,154
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
$14,646,570,000

Key Dates

Origination Date
6/9/2017
Latest Valuation
1/1/1970
Latest Transfer
3/6/2025
Latest Return
11/14/2022
Latest Modification
7/11/2020

Special Servicing Status

Loans in Special Servicing
2
Special Servicing Balance
$95,000,000
Loans Returned to Master
3
Balance Returned
$80,903,959
Avg Time in Special Servicing
285 days
Avg Time to Return
383 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
4
Modified Balance
$34,351,435

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
2025-06-27

Fund Holdings

Explore a list of funds that include WFCM 2017-C38 bonds in their portfolios, sourced directly from the most recent NPORT-P filings on EDGAR SEC.gov. The funds in this table should have a reporting period end date in the future which means the holdings are current as of the most recent filing.
Fund NameFiling DateFIGILEITranchesTotal ValueReporting Period
Baird Short-Term Bond Fund2025-05-20Search FIGILookup LEIA-5$37,030,0682025-12-31
VANGUARD TOTAL BOND MARKET II INDEX FUND2025-05-28Search FIGILookup LEIA-S, A-5$20,249,5782025-12-31
VANGUARD TOTAL BOND MARKET INDEX FUND2025-05-28Search FIGILookup LEIA-5, A-S$14,188,8812025-12-31
College Retirement Equities Fund - Core Bond Account2025-05-28Search FIGILookup LEIA-SB, C$6,979,1402025-12-31
Federated Hermes Total Return Bond Fund2025-04-22Search FIGILookup LEIA-5$3,239,9282025-11-30
Fidelity SAI Total Bond Fund2025-04-25Search FIGILookup LEIA-SB$2,208,7142025-08-31
iShares CMBS ETF2025-06-26Search FIGILookup LEIA-4, A-5$1,543,3882025-10-31
VANGUARD INSTITUTIONAL INTERMEDIATE-TERM BOND FUND2025-05-28Search FIGILookup LEIA-5$1,244,7332025-09-30
JPMorgan Income Builder Fund2025-06-24Search FIGILookup LEID$1,157,6372025-10-31
Guggenheim Total Return Bond Fund2025-05-29Search FIGILookup LEIX-A$923,4412025-09-30
PGIM Core Bond Fund2025-03-25Search FIGILookup LEIA-4$861,1962025-07-31
Fidelity SAI Low Duration Bond Fund2025-04-25Search FIGILookup LEIA-SB$761,0872025-08-31
Fidelity Total Bond ETF2025-04-25Search FIGILookup LEIA-SB$745,4682025-08-31
VANGUARD INSTITUTIONAL SHORT-TERM BOND FUND2025-05-28Search FIGILookup LEIA-5$503,7052025-09-30
PD Aggregate Bond Index Portfolio2025-05-28Search FIGILookup LEIA-5$484,5952025-12-31
Fidelity Total Bond K6 Fund2025-04-25Search FIGILookup LEIA-SB$354,9852025-08-31
Guggenheim Limited Duration Fund2025-05-29Search FIGILookup LEIX-A$320,1262025-09-30
MML Dynamic Bond Fund2025-05-30Search FIGILookup LEIA-4$276,3082025-12-31
TOTAL BOND MARKET INDEX PORTFOLIO2025-05-28Search FIGILookup LEIA-S, A-5$237,6442025-12-31
Nuveen Securitized Credit Managed Accounts Portfolio2025-06-26Search FIGILookup LEIB$156,9272025-07-31
Fidelity SAI Investment Grade Securitized Fund2025-04-25Search FIGILookup LEIA-SB$145,5442025-08-31
BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents2025-06-20Search FIGILookup LEIA-5$48,7572025-10-31
BondBloxx IR+M Tax-Aware Intermediate Duration ETF2025-06-20Search FIGILookup LEIA-5$48,7572025-10-31
Fidelity Low Duration Bond ETF2025-04-25Search FIGILookup LEIA-SB$39,4032025-08-31
Fund NameTranchesIds
Baird Short-Term Bond Fund
$37,030,068
2025-12-31
A-5Search FIGI
Lookup LEI
VANGUARD TOTAL BOND MARKET II INDEX FUND
$20,249,578
2025-12-31
A-S, A-5Search FIGI
Lookup LEI
VANGUARD TOTAL BOND MARKET INDEX FUND
$14,188,881
2025-12-31
A-5, A-SSearch FIGI
Lookup LEI
College Retirement Equities Fund - Core Bond Account
$6,979,140
2025-12-31
A-SB, CSearch FIGI
Lookup LEI
Federated Hermes Total Return Bond Fund
$3,239,928
2025-11-30
A-5Search FIGI
Lookup LEI
Fidelity SAI Total Bond Fund
$2,208,714
2025-08-31
A-SBSearch FIGI
Lookup LEI
iShares CMBS ETF
$1,543,388
2025-10-31
A-4, A-5Search FIGI
Lookup LEI
VANGUARD INSTITUTIONAL INTERMEDIATE-TERM BOND FUND
$1,244,733
2025-09-30
A-5Search FIGI
Lookup LEI
JPMorgan Income Builder Fund
$1,157,637
2025-10-31
DSearch FIGI
Lookup LEI
Guggenheim Total Return Bond Fund
$923,441
2025-09-30
X-ASearch FIGI
Lookup LEI
PGIM Core Bond Fund
$861,196
2025-07-31
A-4Search FIGI
Lookup LEI
Fidelity SAI Low Duration Bond Fund
$761,087
2025-08-31
A-SBSearch FIGI
Lookup LEI
Fidelity Total Bond ETF
$745,468
2025-08-31
A-SBSearch FIGI
Lookup LEI
VANGUARD INSTITUTIONAL SHORT-TERM BOND FUND
$503,705
2025-09-30
A-5Search FIGI
Lookup LEI
PD Aggregate Bond Index Portfolio
$484,595
2025-12-31
A-5Search FIGI
Lookup LEI
Fidelity Total Bond K6 Fund
$354,985
2025-08-31
A-SBSearch FIGI
Lookup LEI
Guggenheim Limited Duration Fund
$320,126
2025-09-30
X-ASearch FIGI
Lookup LEI
MML Dynamic Bond Fund
$276,308
2025-12-31
A-4Search FIGI
Lookup LEI
TOTAL BOND MARKET INDEX PORTFOLIO
$237,644
2025-12-31
A-S, A-5Search FIGI
Lookup LEI
Nuveen Securitized Credit Managed Accounts Portfolio
$156,927
2025-07-31
BSearch FIGI
Lookup LEI
Fidelity SAI Investment Grade Securitized Fund
$145,544
2025-08-31
A-SBSearch FIGI
Lookup LEI
BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents
$48,757
2025-10-31
A-5Search FIGI
Lookup LEI
BondBloxx IR+M Tax-Aware Intermediate Duration ETF
$48,757
2025-10-31
A-5Search FIGI
Lookup LEI
Fidelity Low Duration Bond ETF
$39,403
2025-08-31
A-SBSearch FIGI
Lookup LEI
* 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.

Deal Documents

Links to the deal documents for WFCM 2017-C38.

Monthly Remittance Report

2025-06-27

Final Termsheet

2017-06-21

Annex A

2017-06-21

Recent Commentary

Special servicers provide regular updates on the status of troubled loans. Below are recent comments from special servicing reports filed with sec.gov EDGAR for WFCM 2017-C38, giving insights into the current situation and actions being taken.

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 6/1/2025. Servicer is actively negotiating modification terms with Borrower. Appraisal has been ordered.

2025-06-27
Portfolio (65 Hotel properties)
Starwood Capital Group Global L.P.
Prospectus ID: 4

Loan transferred on 03/21/24 due to Imminent Monetary Default. The loan is not currently in default. Due to key tenant departures, the Borrower requested a transfer to the Special Servicer to discuss a loan modification. SS, Borrower and Mezzanine are now working to document a loan modification based on terms approved by senior lender.

2025-06-27
225 & 233 Park Avenue South
Orda Management Corporation
Prospectus ID: 6

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

2025-03-26
Rite Aid - Allentown
Aleksander Goldin
Prospectus ID: 62
* This list shows only a few of the most recent special servicing commentaries. We are continuously updating our coverage!
* The tagged date represents the date of the Edgar sec.gov filing.
* For full disclosures, please visit our disclosures page.

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

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