other material
confidence high
sentiment neutral
materiality 0.50
C-IV Asset Management replaces Greystone as special servicer for BANK 2021-BNK34
BANK 2021-BNK34
- Effective Sept 1, 2026, Greystone sold its special servicing division to C-IV AM; C-IV AM assumes duties for U.S. Steel Tower Mortgage Loan.
- C-IV AM rated MOR CS2 by Morningstar DBRS and CSS2 by Fitch; on S&P Select Servicer list with 'Average; Ranking Watch Positive'.
- As of 6/30/2026, Greystone's named special servicer portfolio: 60 transactions, ~1,928 loans, $20.7B UPB; 33 CMBS pools with $14.2B.
- Active special servicing: ~108 assets, $2.1B UPB as of 6/30/2026; C-IV AM resolved 6,017 assets totaling $60.7B since 2002.
- All key Greystone special servicing employees transferred to C-IV AM; no servicer event of default or termination.