...Wells Fargo Bank, N.A. (Wells Fargo, or the bank) is the largest CMBS master and primary servicer by unpaid principal balance (UPB). The bank's servicing portfolio is made up of legacy CMBS transactions, acquired in part through its 2008 merger with Wachvoia Bank, N.A., as well as a significant share of CMBS 2.0 transactions. Master and primary servicing operations are principally located in Charlotte, NC, and Oakland, CA as well as the bank's India offshore captive subsidiary, Wells Fargo India Solutions, Private Limited (WFIS), primarily located in Hyderabad, India. Wells Fargo is also a special servicer for 122 CMBS transactions, most often when the bank is also appointed as master servicer, primarily single-borrower, and floating-rate transactions as well as for Freddie Mac K-series transactions. All CMBS special servicing assignments are third-party appointments on behalf of a diverse mix of more than 30 clients and the bank does not purchase or deploy capital to retain controlling...
