Form 8-K CD 2017-CD3 Mortgage For: Jun 17

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June 17, 2021 2:27 PM EDT

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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 (Date of earliest event reported) June 17, 2021

CD 2017-CD3 Mortgage Trust

(Exact name of issuing entity as specified in its charter)

(Central Index Key number of issuing entity: 0001693368)

Citigroup Commercial Mortgage Securities Inc.

(Exact name of the depositor as specified in its charter)

(Central Index Key number of depositor: 0001258361)

Citigroup Global Markets Realty Corp.

(Central Index Key number: 0001541001)

German American Capital Corporation

(Central Index Key number: 0001541294)

(Exact name of sponsors as specified in their charters)

Delaware

333-207132-10

86-1073506

(State or other jurisdiction

of incorporation of depositor)

(Commission File Number

of issuing entity)

(IRS Employer

Identification

No. of depositor)

388 Greenwich Street
New York, New York	10013
(Address of principal executive offices of depositor)	(Zip Code of depositor)

Depositor’s telephone number, including area code (212) 816-5343

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 85 Tenth Avenue Mortgage Loan, an asset of CD 2017-CD3 Mortgage Trust (the “Issuing Entity”), is being serviced pursuant to the trust and servicing agreement, dated as of December 6, 2016 (the “DBWF 2016-85T TSA”), between Deutsche Mortgage & Asset Receiving Corporation, as depositor, Wells Fargo Bank, National Association, as master servicer, AEGON USA Realty Advisors, LLC, as special servicer, Deutsche Bank Trust Company Americas, as certificate administrator, paying agent and custodian, and Wilmington Trust, National Association, as trustee, which governs the issuance of the DBWF 2016-85T Mortgage Trust, Commercial Mortgage Pass-Through Certificates. The DBWF 2016-85T TSA was filed as Exhibit 4.3 to the Current Report on Form 8-K with respect to the Issuing Entity, dated February 14, 2017 under Commission File No. 333-207132-10.

Effective as of June 17, 2021 (the “Effective Date”), AEGON USA Realty Advisors, LLC has assigned and delegated its rights and obligations as special servicer under the DBWF 2016-85T TSA to Situs Holdings, LLC, and Situs Holdings LLC has assumed all of the responsibilities, duties and liabilities of the special servicer under the DBWF 2016-85T TSA that arise on and after the Effective Date. A copy of the related acknowledgment and acceptance of special servicer dated June 17, 2021 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 dated as of February 1, 2017 relating to the Issuing Entity, filed as Exhibit 4.1 to the Current Report on Form 8-K/A with respect to the Issuing Entity, dated February 28, 2017 and filed with the Securities and Exchange Commission on March 6, 2017 under Commission File No. 333-207132-10.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.	Description
Exhibit 20.1	Acknowledgment and Acceptance of Special Servicer dated June 17, 2021

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 17, 2021

Exhibit 20.1

Acknowledgement and Acceptance of Special Servicer

June 17, 2021

BY EMAIL

Wilmington Trust, National Association, as Trustee

1100 North Market Street

Wilmington, Delaware 19890

Attention: CMBS Trust Services – DBWF 2016-85T

Email: [email protected]

Deutsche Bank Trust Company Americas

1761 East St. Andrew Place

Santa Ana, CA 92705

Attn: DBWF 2016-85T – CMBS Trust Administration

Email: [email protected]

RE:

Acknowledgement and Acceptance of Special Servicer;

DBWF 2016-85T Mortgage Trust Commercial Mortgage Pass-Through Certificates

Ladies and Gentlemen:

Reference is made to the Trust and Servicing Agreement (the “TSA”) dated as of December 6, 2016, between Deutsche Mortgage & Asset Receiving Corporation, as Depositor, Wells Fargo Bank, National Association, as Master Servicer, AEGON USA Realty Advisors, LLC (“AEGON”), as Special Servicer, Wilmington Trust, National Association, as Trustee, and Deutsche Bank Trust Company Americas as Certificate Administrator, Paying Agent and Custodian, relating to the DBWF 2016-85T Mortgage Trust Commercial Mortgage Pass-Through Certificates. Capitalized terms used and not otherwise defined herein shall have the respective meanings ascribed to such terms in the TSA.

Pursuant to Section 6.04(a) of the TSA, the undersigned hereby agrees with all the other parties to the TSA that the undersigned shall serve as Special Servicer under, and as defined in, the TSA. The effective date (the “Effective Date”) of the appointment of the undersigned as Special Servicer shall be the date hereof. The undersigned hereby (i) accepts AEGON’s assignment of its rights and obligations as Special Servicer pursuant to AEGON’s Notice of Assignment and Delegation to Successor dated May 20, 2021 and (ii) agrees to assume the punctual performance and observance, as of the Effective Date, of each covenant and condition to be performed by the Special Servicer under the TSA, and all of the responsibilities, duties and liabilities of the Special Servicer under the TSA that arise on and after the Effective Date. The undersigned hereby confirms that it is not a Prohibited Party. The undersigned hereby makes, as of the date hereof, the representations and warranties set forth in Section 2.04(e) of the TSA mutatis mutandis with all references to “Agreement” in Section 2.04(e) of the TSA to include this Acknowledgement and Acceptance of Special Servicer in addition to the Agreement, with the following corrections with respect to type of entity and jurisdiction of organization: Situs Holdings, LLC is a duly formed limited liability company, validly existing in active status under the laws of the State of Delaware. The undersigned further represents and warrants that it satisfies all of the eligibility requirements applicable to special servicers set forth in the TSA and that all requirements and preconditions for the appointment of the undersigned as Special Servicer have been satisfied.