Key Highlights

  • Green Loan Services LLC assumes the special servicer role for the loan portfolio.
  • Marathon Asset Management, L.P. Directed the appointment, replacing Trimont LLC.
  • Servicing obligations continue under the original securitization agreement and applicable securities regulations.

DBGS Mortgage Trust disclosed a change in its servicing arrangements for its loan portfolio. The trust named Green Loan Services LLC as the entity that will now perform special servicing duties, succeeding Trimont LLC.

Service Transition

The transition places Green Loan Services LLC in charge of overseeing the loan and related notes. This move reflects the trust’s requirement to manage the assets under special servicing circumstances if such a condition emerges.

Role of Green Loan Services

Green Loan Services LLC is tasked with administering the loan package during special servicing, including handling any real‑estate‑owned assets associated with the loan. When the loan is not under special servicing, the firm will conduct the necessary reviews of material actions.

Direction by Marathon Asset Management

The appointment follows guidance from Marathon Asset Management, L.P. Which holds the directing certificateholder position within the trust structure. Marathon’s direction ensures that the new servicer aligns with the trust’s strategic objectives.

Continuity Under Trust Agreement

Although the servicing provider changes, the underlying terms remain dictated by the original trust and servicing agreement linked to the securitization. This continuity preserves the contractual obligations initially established for the loan package.

Regulatory Context

The update adheres to regulatory requirements set forth by securities law, confirming that the trust’s governance remains consistent with federal securities regulations. The change was formally authorized by senior executives of the trust.

Management Signatures

Robert‑Christopher Jones, Managing Director, and Matt Smith, Director, signed the amendment, confirming the legitimacy of the servicer reassignment. Their signatures reflect the trust’s commitment to corporate governance standards.

This article is for informational purposes only and does not constitute financial advice. Please consult a licensed financial adviser before making investment decisions.