UBS filed an 8-K noting a servicer change for a loan that was about 4% of the trust's assets. The filing is administrative and does not change UBS's obligations.
The filing records a special-servicer swap for one loan in a UBS commercial mortgage trust. The loan is about 4% of the trust, and the document frames the change as administrative and contingent, so it does not change how I read UBS's role in the deal.
The filing says the loan is part of the Morgan Stanley Capital I Trust 2019-L3 PSA and that a new special servicer was appointed; this is an administrative servicing change and does not change Morgan Stanley's role.
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