WFCM 2017-C39

The Loan was transferred to the Special Servicer, ASC, on August 19, 2024. In February 2025, Borrower filed bankruptcy to prevent the appointment of a receiver. In January 2026, the court approved the settlement order and loan modification documents. As a result, the loan has now been reinstated and due for the February payment. SS will coordinate with MS on returning the loan in the near term.

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 2/1/2026. 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 1/31/2026, thirteen (13) collateral assets have been released for a cumulative paydown of $70MM.

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-related 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. The Borrower had previously identified a third-party buyer to assume the loan; however, the parties were unable to reach an agreement, and negotiations have been terminated. The Sponsor states that it has engaged a third-party broker to market the asset for sale in the short term. The Loan shall remain specially serviced to foster any potential payoff discussions and ensure the repayment of the property protective advances.

The subject 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. A Receiver was appointed by the court as of 5/23/2024 after the Borrower indicated a desire to relinquish control. On 2/5/2025, the Trust took title to the collateral via a Strict Foreclosure filing with the Court. An order granting the discharge of the receiver was approved on 4/9/2025. The property is currently 75.8% leased as of February 2026 as compared to 77.2% at YE 2025, 78.9% at YE 2024 and 74.6% at YE 2023. The total debt is comprised of five pari passu loans. There was $11.86MM of outstanding Mezzanine debt prior to the Lender's foreclosure. The October 2025 YTD NOI DSCR was 1.77x. The properties were most recently inspected in March 2025 and found to be in good overall condition with deferred maintenance related to the parking garage noted. Repairs are planned to occur in phases starting in late 2025 and in 2026. Leasing efforts to stabilize the property and renew existing tenants with upcoming expirations are underway, along with addressing the parking garage deferred maintenance. The special servicer projects a disposition to occur in early 2027.

A Modification Agreement has been executed that allowed for a sale of the dark 70,000 SF (20.2% of NRA) former theater parcel. The sale occurred on 12/22/2025 and resulted in an unscheduled principal paydown of $8,864,000 plus all applicable yield ma intenance ($265,920) and increased the occupancy of the remaining collateral property from 62.8% to 78.7%. The loan is performing and is pending return to master servicing.

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.