Wells Fargo to sell its non-agency third-party Commercial Mortgage Servicing business to Trimont

- Wells Fargo will sell its non-agency third-party Commercial Mortgage Servicing business to global commercial real estate loan services provider Trimont, the companies said on Tuesday.

The deal, for which no value was disclosed, is expected to close in early 2025, pending certain conditions, and will result in Trimont managing over $715 billion in U.S. and international commercial real estate loans. Funding for the transaction will be provided by Värde Partners, an alternative investment firm, which acquired and has owned Trimont through certain funds since 2015.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Global investment bank expects BoC to cut rates faster, more aggressively than it previously thoughtPlus, Wells Fargo sees more downside for the S&P 500
La source: globeandmail - 🏆 5. / 92 Lire la suite »

US shale companies produce more crude using fewer rigsProducers are extending their wells to as much as three miles, squeezing more wells onto a single drilling pad and fracking several wells at once, boosting...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »