other material
confidence high
sentiment neutral
materiality 0.50
C-IV AM acquires Greystone's special servicing portfolio; becomes special servicer for BANK 2020-BNK30 loans
BANK 2021-BNK31
- Greystone sold special servicing division to C-IV AM effective Sept 1, 2026; C-IV AM assumes duties for 605 Third Avenue and McDonald's Global HQ loans.
- Portfolio: ~60 transactions, $20.7B UPB, 1,928 loans; 33 CMBS deals with $14.2B.
- Active special servicing: $2.1B across ~108 assets as of 6/30/2026.
- C-IV AM rated MOR CS2 (Morningstar DBRS) and CSS2 (Fitch); on S&P Select Servicer list.
- No servicer event of default; financial condition not expected to impact performance.