other material
confidence high
sentiment neutral
materiality 0.50
Greystone sells special servicing division to C-IV AM; C-IV AM becomes special servicer for 101 Hudson Street loan
Wells Fargo Commercial Mortgage Trust 2016-LC25
- Sale effective Sept 1, 2026; C-IV AM assumes special servicer duties for 101 Hudson Street Mortgage Loan under MSC 2016-BNK2 PSA.
- C-IV AM is wholly-owned subsidiary of C-IV Capital Partners; key Greystone special servicing employees transferred.
- C-IV AM rated MOR CS2 (Morningstar DBRS), CSS2 (Fitch), and on S&P Select Servicer list with 'Average; Ranking Watch Positive'.
- As of 6/30/26, Greystone's portfolio: 60 transactions, $20.7B UPB, 1,928 loans; 33 CMBS with $14.2B; 108 assets ($2.1B) in active special servicing.
- C-IV AM has resolved 6,017 assets since 2002 with $60.7B principal; no servicer defaults or material litigation.