other_material
confidence high
sentiment neutral
materiality 0.15
WF Commercial Mortgage Trust transfers servicing of 931 Carroll St loan to Benchmark 2025-V15 PSA
Wells Fargo Commercial Mortgage Trust 2025-5C4
- 931 Carroll Street Mortgage Loan Note A-1 securitized in Benchmark 2025-V15 transaction on June 12, 2025.
- Servicing of loan now governed by Benchmark 2025-V15 PSA with different fee structures (e.g., primary fee 0.00125% p.a.).
- Special servicing fee: 0.25% p.a. (min $5K/mo for whole loan); workout fee: lesser of 1.0% or rate yielding $1M (min $25K).
- Liquidation fee: lesser of 1.0% or rate yielding $1M (min $25K) for whole loan.
- Other servicing terms (e.g., powers of operating advisor) differ from original PSA per Prospectus.
item 1.01item 9.01