WFCM 2019-C52 - Charts and Resources
Data discoverability for CMBS deal WFCM 2019-C52 updated as of 2019-08-20.
Deal Overview
Wells Fargo Commercial Mortgage Trust 2019-C52's issuance is a U.S. CMBS transaction issued from the WF shelf and backed by 70 commercial mortgage loans with an aggregate principal balance of 899.9 million at issuance, secured by the fee and leasehold interests in 136 properties across 34 U.S. states.| Rating Agencies | Moodys, Fitch, KBRA | Controlling Class | Argentic Securities Holdings Cayman Limited or an affiliate | Depositor | Wells Fargo Commercial Mortgage Securities, Inc. | Master Servicer | Trimont | Special Servicer | Argentic Services Company LP | Operating Advisor | Pentalpha Surveillance | Certificate Administrator | Computershare Trust Company, N.A. | Trustee | Wilmington Trust, National Association |
Deal Charts
Fund Holdings
Explore a list of funds that include WFCM 2019-C52 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.* 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 2019-C52.Recent Special Servicing 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 2019-C52, giving insights into the current situation and actions being taken.Transferred to Special Servicing 01/12/24 due to Monetary Default. At SS's direction, counsel issued a notice of default and acceleration letter. Borrower and SS were working to execute a DPO Agreement that was approved by Lender, however, Borrower recent ly informed SS that they are unable to move forward. SS is now exploring other options to maximize recovery, including completing the ongoing foreclosure action.
The Lender's receivership order was granted on 4/1/2024. Since then, the receiver's leasing team has executed lease renewals for Comerica Bank, Wholesome Sweeteners, Karam Law Office, Thomas Kelly, MS Benbow, and Universal Surgical. In addition, they have executed two new leases for David Peake Law Firm and Stewart Title. They are currently engaged in renewal negotiations with Acrisure, Leon Law Firm, Sovereign Wealth Advisors, and Pax Equity. Given the challenging office submarket conditions, SS is evalu ating all options in an effort to maximize recovery on the Loan. The receiver is remitting any excess cash generated by the property to the trust and funds are being used to reduce exposure, including P&I
* The tagged date represents the date of the Edgar sec.gov filing.
* For full disclosures, please visit our disclosures page.
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CMBS Fund Holdings Dataset
Filing data from sec.gov NPORT-P to produce the Fund Holdings table.
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