UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: June 22, 2022
(Date of earliest event reported)
Central Index Key Number of the issuing entity: 0001710360
CD 2017-CD5 Mortgage Trust
(exact name of the issuing entity as specified in its charter)
Central Index Key Number of the depositor: 0001258361
Citigroup Commercial Mortgage Securities Inc.
(exact name of the depositor as specified in its charter)
Citi Real Estate Funding Inc.
(Central Index Key Number: 0001701238)
German American Capital Corporation
(Central Index Key Number: 0001541294)
Citigroup Global Markets Realty Corp.
(Central Index Key Number: 0001541001)
(Exact names of sponsors as specified in their respective charters)
New York the issuing entity) | 333-207132-12 (Commission File Number of the issuing entity) | 82-2599112 82-2726539 82-6572703 (I.R.S. Employer Identification Numbers) |
c/o Citibank, N.A.
as Certificate Administrator
388 Greenwich Street, 14th Floor
New York, NY
(Address of principal executive offices of the issuing entity)
10013
(Zip Code)
Registrant’s telephone number, including area code:
(212) 816-5614
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
None |
|
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
The Olympic Tower mortgage loan, an asset of CD 2017-CD5 Mortgage Trust (the “Issuing Entity”), is being serviced pursuant to the trust and servicing agreement (the “Olympic Tower 2017-OT TSA”), dated as of May 6, 2017, by and among Deutsche Mortgage & Asset Receiving Corporation, as depositor, KeyBank National Association, as master servicer and special servicer, and Wells Fargo Bank, National Association, as trustee, certificate administrator, paying agent and custodian, which governs the issuance of the Olympic Tower 2017-OT Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2017-OT. The Olympic Tower 2017-OT TSA was filed as Exhibit 4.3 to the Current Report on Form 8-K with respect to the Issuing Entity dated August 15, 2017 under Commission File No. 333-207132-12.
Effective as of June 22, 2022, KeyBank National Association has been terminated as special servicer under the Olympic Tower 2017-OT TSA, and Green Loan Services LLC has been appointed to act as special servicer under the Olympic Tower 2017-OT TSA. A copy of the related Acknowledgement and Acceptance of Proposed Special Servicer, dated June 22, 2022, is attached hereto as Exhibit 20.1.
Capitalized terms used but not defined herein shall have the meanings assigned to them in the pooling and servicing agreement (the “Pooling and Servicing Agreement”) dated as of August 1, 2017 relating to the Issuing Entity, filed as Exhibit 4.1 to the Current Report on Form 8-K with respect to the Issuing Entity dated August 15, 2017 under Commission File No. 333-207132-12.
Item 9.01. |
| Financial Statements and Exhibits. |
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(d) | Exhibits |
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Exhibit No. |
| Description |
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Exhibit 20.1 |
| Acknowledgement and Acceptance of Proposed Special Servicer, dated June 22, 2022 |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Citigroup Commercial Mortgage Securities Inc.
(Depositor)
/s/ Richard Simpson
Richard Simpson, President
Date: June 22, 2022
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