other
confidence high
sentiment neutral
materiality 0.20
Servicing of Roosevelt New Orleans mortgage loan transferred to BBCMS trust
Wells Fargo Commercial Mortgage Trust 2025-5C5
- On Aug 7, 2025, Note A-1 of The Roosevelt New Orleans Whole Loan was securitized under BBCMS Mortgage Trust 2025-5C36.
- The loan will now be serviced under the BBCMS 2025-5C36 PSA with differing fee structures (e.g., primary servicing fee 0.00125% per annum).
- Special servicing fee at 0.25% per annum; workout fee capped at 1% or $1M for whole loan; liquidation fee similar structure.
- Powers and duties of the Non-Serviced Operating Advisor under the new PSA differ from the original PSA.
item 1.01item 9.01