other material
confidence high
sentiment neutral
materiality 0.50
C-IV Asset Management becomes special servicer for BMARK 2025-V14 after Greystone sale
Benchmark 2025-V14 Mortgage Trust
- Effective Sept 1, 2026, C-IV Asset Management LLC becomes special servicer for BMARK 2025-V14 after acquiring Greystone's special servicing division.
- C-IV AM assumes all duties and liabilities of special servicer under the servicing agreement; key Greystone employees transferred.
- C-IV AM rated MOR CS2 (Morningstar DBRS) and CSS2 (Fitch); on S&P Select Servicer list with 'Average; Ranking Watch Positive'.
- As of 6/30/2026, Greystone's portfolio: ~60 transactions, $20.7B principal balance; 33 CMBS deals, $14.2B; 108 assets actively specially serviced ($2.1B).
- C-IV AM has resolved 6,017 assets totaling $60.7B since 2002; no servicer event of default or termination event.