other material
confidence high
sentiment neutral
materiality 0.50
C-IV AM replaces Greystone as special servicer for MSC 2016-BNK2 and WFCM 2016-C36
Morgan Stanley Capital I Trust 2016-BNK2
- Effective Sept 1, 2026, C-IV Asset Management LLC assumes special servicing for MSC 2016-BNK2 and Conrad Indianapolis loan under WFCM 2016-C36.
- Greystone sold its special servicing division to C-IV AM; key employees transferred to C-IV AM or affiliate.
- C-IV AM rated MOR CS2 (Morningstar DBRS) and CSS2 (Fitch); on S&P Select Servicer list.
- As of 6/30/26, Greystone's portfolio: ~60 transactions, $20.7B principal; ~108 assets ($2.1B) in active special servicing.
- C-IV AM has resolved 6,017 assets ($60.7B) since 2002; no servicer defaults or material litigation.