other material
confidence high
sentiment neutral
materiality 0.60
Greystone sells special servicing unit to C-IV AM; C-IV AM becomes special servicer for Princeton Pike loan
Bank of America Merrill Lynch Commercial Mortgage Trust 2016-UBS10
- Greystone sold special servicing division to C-IV AM effective Sept 1, 2026; C-IV AM assumes special servicer role for Princeton Pike loan.
- C-IV AM rated MOR CS2 (Morningstar DBRS), CSS2 (Fitch), on S&P Select Servicer list with 'Average; Ranking Watch Positive'.
- As of 6/30/26, Greystone's portfolio: ~60 transactions, $20.7B UPB; 33 CMBS deals $14.2B; 108 assets $2.1B in active special servicing.
- C-IV AM has resolved 6,017 assets totaling $60.7B since 2002; no servicer event of default; key employees transferred.
- C-IV AM believes financial condition won't materially impact pool performance; no material legal proceedings pending.