09:41 AM EDT, 08/20/2024 (MT Newswires) -- Wells Fargo's ( WFC ) non-agency third-party commercial mortgage servicing business will be acquired by Trimont, according to a Trimont statement Tuesday.

The Varde Partners-backed transaction is expected to close in early 2025, subject to customary closing conditions, and bring Trimont's total managed loans to over $715 billion, Trimont said.

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