other material
confidence high
sentiment neutral
materiality 0.30
C-IV Asset Management takes over special servicing of 575 Broadway Mortgage Loan
BANK5 2023-5YR1
- Greystone sold its special servicing division to C-IV AM on Sept 1, 2026; C-IV AM assumes duties for 575 Broadway Mortgage Loan.
- 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; C-IV AM takes over all except 2 CLOs.
- C-IV AM has resolved 6,017 assets totaling $60.7B since 2002; no servicer event of default.