Mon, Mar 10, 8:28 PM (47 days ago)
**Bank 2020-BNK28 (BNK28)** 10-K Summary **Financial Performance:** - The filing does not provide specific financial metrics such as revenue, net income, operating expenses, or earnings per share. **Strategic Overview:** - The issuer, Bank 2020-BNK28, is involved in commercial mortgage securities, with key loans including the 9th & Thomas Mortgage Loan, ExchangeRight Net Leased Portfolio #39 Mortgage Loan, Chasewood Technology Park Mortgage Loan, and 711 Fifth Avenue Mortgage Loan. - These loans are part of combinations serviced under the Pooling and Servicing Agreement and the GSMS 2020-GC47 Transaction. **Future Outlook:** - The future outlook is not explicitly stated, but the ongoing servicing and administration of mortgage loans suggest a focus on maintaining and managing these assets. **Risk Factors:** - The filing mentions legal proceedings involving Wells Fargo Bank, National Association, as certificate administrator and custodian, including claims related to residential mortgage-backed securities (RMBS) trusts. **Financial Condition:** - The financial condition is not explicitly detailed, but the inclusion of various servicing agreements and compliance reports indicates a structured approach to managing financial obligations. **Market Position Changes:** - No significant changes in market position are highlighted. **Key Servicers:** - **Wells Fargo Bank, National Association**: General Master Servicer, Certificate Administrator, and Primary Servicer for several key loans. - **KeyBank National Association**: General Special Servicer and Special Servicer for key loans. - **Wilmington Trust, National Association**: Trustee for various mortgage loans. - **Computershare Trust Company, National Association**: Servicing Function Participant for the Certificate Administrator and Custodian. - **CoreLogic Solutions, LLC**: Servicing Function Participant for tax-related services. **Legal Proceedings:** - Ongoing legal proceedings involving Wells Fargo Bank, National Association, related to RMBS trusts, with some claims dismissed and others resolved through agreements. **Compliance and Servicing:** - The filing includes numerous assessments of compliance with servicing criteria and attestation reports, indicating a strong focus on regulatory adherence and operational transparency.