For the monthly distribution period from: March 18, 2026 to April 17, 2026
Commission File Number of issuing entity: 333-206677-16
Central Index Key Number of issuing entity: 0001707817
Wells Fargo
Commercial Mortgage Trust 2017-C38
(Exact name of issuing entity as specified in its charter)
Commission File Number of depositor: 333-206677
Central Index Key Number of depositor: 0000850779
Wells Fargo
Commercial Mortgage Securities, Inc.
(Exact name of depositor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0000312070
Barclays Bank
PLC
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0000740906
Wells Fargo
Bank, National Association
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001592182
LMF Commercial,
LLC (formerly known as Rialto Mortgage Finance, LLC)
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001541214
C-III
Commercial Mortgage LLC
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001685185
UBS AG New York
Branch
(Exact name of sponsor as specified in its charter)
Anthony Sfarra (212) 214-5600
(Name and telephone number, including area code, of the person to contact in
connection with this filing)
New York
(State or other jurisdiction of incorporation or organization of the issuing
entity)
38-4040955
38-4040956
38-7187264
(I.R.S. Employer Identification No.)
c/o
Computershare Trust Company, N.A., as agent for
Wells Fargo Bank, National Association
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices of the issuing entity) (Zip Code)
(667) 786-1992
(Telephone number, including area code)
Not Applicable
(Former name, former address, if changed since last report)
|
Title of Class |
Section 12(b) |
Section 12(g) |
Section 15(d) |
Name of Exchange (If Section 12(b)) |
|
A-1 |
|
|
X |
|
|
A-2 |
|
|
X |
|
|
A-3 |
|
|
X |
|
|
A-SB |
|
|
X |
|
|
A-4 |
|
|
X |
|
|
A-5 |
|
|
X |
|
|
A-S |
|
|
X |
|
|
X-A |
|
|
X |
|
|
X-B |
|
|
X |
|
|
B |
|
|
X |
|
|
C |
|
|
X |
|
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No
Explanatory Note:
This Form 10-D/A amends the registrant's Asset Backed Issuer Distribution Report on Form 10-D filed by the Registrant on April 29, 2026 (SEC Accession No. 0001888524-26-008105) (the “Original 10-D”). The purpose of this amendment is to revise information in the Monthly Distribution Report filed as Exhibit 99.1 to the Original 10-D to update the appraisal reduction amount and appraisal reduction date with respect to the Starwood Capital Group Hotel Portfolio Mortgage Loan (Loan Number 4 on Annex A-1 of the prospectus of the registrant relating to the issuing entity filed on July 13, 2017 pursuant to Rule 424(b)(2)). The updated information does not change the amount distributed to any Class of Certificates.
Part I - DISTRIBUTION INFORMATION
Item 1. Distribution and Pool Performance Information.
On April 17, 2026 a distribution was made to holders of the certificates issued by Wells Fargo Commercial Mortgage Trust 2017-C38.
The distribution report is attached as an Exhibit to this Form 10-D/A, please see Item 10(b), Exhibit 99.1 for the related information.
The following table presents the loss information for the trust assets for the Wells Fargo Commercial Mortgage Trust 2017-C38 in accordance with Item 1100(b) as required by Item 1121(a)(9) of Regulation AB:
|
Number of Delinquencies 30+ days |
% of Delinquencies 30+ days by Pool Balance |
Number of Loans/REOs with Losses |
Average Net Loss |
|
1 |
0.62% |
3 |
$6,659,542.09 |
No assets securitized by Wells Fargo Commercial Mortgage Securities, Inc. (the "Depositor") and held by Wells Fargo Commercial Mortgage Trust 2017-C38 were the subject of a demand to repurchase or replace for breach of the representations and warranties contained in the underlying transaction documents during the monthly distribution period from March 18, 2026 to April 17, 2026.
The Depositor filed its most recent Form ABS-15G in accordance with Rule 15Ga-1 under the Securities Exchange Act of 1934 (a "Rule 15Ga-1 Form ABS-15G") on February 5, 2026. The CIK number for the Depositor is 0000850779.
Barclays Bank PLC ("Barclays"), one of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on February 13, 2026. The Central Index Key number for Barclays is 0000312070.
Wells Fargo Bank, National Association ("Wells Fargo"), one of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on February 5, 2026. The Central Index Key number for Wells Fargo is 0000740906.
LMF Commercial, LLC (formerly known as Rialto Mortgage Finance, LLC) ("LMF"), one of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on February 13, 2026. The Central Index Key number for LMF is 0001592182.
C-III Commercial Mortgage LLC ("C-III"), one of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on February 13, 2026. The Central Index Key number for C-III is 0001541214.
UBS AG New York Branch ("UBS AG"), one of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on February 12, 2026. The Central Index Key number for UBS AG is 0001685185.
Item 1A. Asset-Level Information.
ABS Asset Data File (filed as Exhibit 102 to the registrant's Form ABS-EE filed on April 29, 2026 under Commission File No. 333-206677-16 and incorporated by reference herein).
ABS Asset Related Document (filed as Exhibit 103 to the registrant's Form ABS-EE filed on April 29, 2026 under Commission File No. 333-206677-16 and incorporated by reference herein).
Part II - OTHER INFORMATION
Item 7. Change in Sponsor Interest in the Securities.
None
Item 9. Other Information.
Trimont LLC, in its capacity as Master Servicer for Wells Fargo Commercial Mortgage Trust 2017-C38, affirms the following amounts in the respective accounts:
|
Collection Account Beginning and Ending Balance |
||
|
Prior Distribution Date |
03/17/2026 |
$26,595.11 |
|
Current Distribution Date |
04/17/2026 |
$27,119.79 |
|
*REO Account Beginning and Ending Balance |
||
|
Prior Distribution Date |
03/17/2026 |
$0.00 |
|
Current Distribution Date |
04/17/2026 |
$0.00 |
|
*As provided by Special Servicer |
||
Computershare Trust Company, N.A., as agent for Wells Fargo Bank, N.A., in its capacity as Certificate Administrator for Wells Fargo Commercial Mortgage Trust 2017-C38, affirms the following amounts in the respective accounts:
|
Distribution Account Balance |
||
|
Prior Distribution Date |
03/17/2026 |
$4,341.29 |
|
Current Distribution Date |
04/17/2026 |
$4,762.09 |
|
Interest Reserve Account Balance |
||
|
Prior Distribution Date |
03/17/2026 |
$0.00 |
|
Current Distribution Date |
04/17/2026 |
$0.00 |
|
Gain-on-Sale Reserve Account Balance |
||
|
Prior Distribution Date |
03/17/2026 |
$0.00 |
|
Current Distribution Date |
04/17/2026 |
$0.00 |
Item 10. Exhibits.
(a) The following is a list of documents filed as part of this Report on Form 10-D/A:
(b) The exhibits required to be filed by the Registrant pursuant to this Form are listed above.
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 thereunto duly authorized.
Wells Fargo Commercial Mortgage Securities, Inc.
(Depositor)
/s/ Anthony J. Sfarra
Anthony J. Sfarra, President
Date: August 17, 2026