WFCM 2017-C39 - Charts and Resources

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 2/1/2025. Servicer is

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.

Loan transferred to special servicing on 12/3/24 due to imminent monetary default. The Sponsor is negotiating two major leases to backfill Big Lots (9.4% NRA) and Party City (4.8% NRA). The Sponsor proposed a loan modification which would enable the Sponsor to utilize reserves, property cash flow, and other sources to pay for tenant improvement allowances contemplated in the leases it is negotiating. Borrower advised it no longer wants to have dialogue about a potential loan

The loan transferred to Special Servicing for imminent monetary default effective 12/28/2023. The loan is secured by three, class A office buildings located in Stamford, CT, built in 1986 and renovated in 2015. The property consists of 811,748 RSF and is currently 78.97% leased. The total debt is comprised of five pari passu loans. There is $11.86MM of outstanding Mezzanine debt. The properties were inspected in March 2024 and found to be in good overall condition. Cash management is in place. A Receiver was appointed by the court as of 5/23/2024. On 2/5/2025, the Trust took title to the collateral via a Strict Foreclosure filing with the Court. Leasing efforts to stabilize the property are underway.

The Loan was transferred to the Special Servicer, ASC, on August 19, 2024, due to non-monetary default. In July 2024, IHG issued a default letter to the Borrower. The letter outlined that failure to address the various defaults in a timely manner c ould result in a loss of flag. In January 2025, Borrower and Lender entered into a settlement agreement, wherein Borrower paid all the past due franchise fees. Additionally, Borrower consented to the appointment of a receiver if they fail to address the remaining defaults in the IHG letter, dated July 2024, by March. In February 2024, Borrower filed bankruptcy to prevent the appointment of a receiver. The bankruptcy case is in the early stages and SS working with counsel to

Loan transferred to special servicing effective 10/29/21 following a non-monetary default related to the former anchor tenant, Best Buy, vacating and Borrower's request for 10-months of interest deferral. In December 2023, a receiver was appointed over the vacant anchor box. In April 2024, Borrower and Lender entered into a Loan Modification in which advances are made to the receiver to facilitate lease-related work for a replacement anchor tenant, Burlington. In September 2024, the lease-relted work for Burlington was completed and the tenant took possession of the premises. The receiver was dismissed and Burlington opened for business and commenced rent in October 2024. Under the terms of the modification, the Borrower has begun to repay Lender's advances using excess property cash flow. Borrower has notified Lender that it is currently marketing the property for sale.