Wells Fargo Commercial Mortgage Trust 2020-C56

08/26/2024 | Press release | Distributed by Public on 08/26/2024 10:52

Material Event Form 8 K

Item 8.01 Other Events.

TheUniversity Village Mortgage Loan, which constituted approximately 4.1% of the asset pool of the issuing entity as of its cut-off date, is an asset of the issuing entity and is part of a loan combination that is being serviced and administered under the trust and servicing agreement, dated as of December 6, 2019, relating to the CSMC 2019-UVIL Mortgage Trust filed as Exhibit 99.9 to the registrant's Current Report on Form 8-K filed on June 4, 2020 (the "CSMC 2019-UVIL TSA"). Pursuant to Section 6.4 of the CSMC 2019-UVIL TSA, Situs Holdings, LLC was removed as special servicer of the University Village Mortgage Loan and LNR Partners, LLC ("LNR"), a Florida limited liability company, was appointed as the successor special servicer of the University Village Mortgage Loan under the CSMC 2019-UVIL TSA.

In the interest of transaction management, this Current Report on Form 8-K is being filed to record that, effective as of August 26, 2024, the University Village Mortgage Loan will be specially serviced, if necessary, pursuant to the CSMC 2019-UVIL TSA, by LNR. LNR maintains its principal corporate offices at 2340 Collins Avenue, Suite 700, Miami Beach, Florida 33139 and its telephone number is (305) 695-5600.