{"schema_version":"secwatch.filing_event.v1","accession":"0001888524-26-016531","form_type":"8-K","ticker":null,"cik":"0001688451","company_name":"Wells Fargo Commercial Mortgage Trust 2016-LC25","filed_at":"2026-09-02T13:30:18+00:00","discovered_at":"2026-09-02T13:31:00.463891+00:00","generated_at":"2026-09-02T13:31:09.347093+00:00","sec_items":["6.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Greystone sells special servicing division to C-IV AM; C-IV AM becomes special servicer for 101 Hudson Street loan","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001888524-26-016531","json":"https://secwatch.observer/filing/0001888524-26-016531.json","markdown":"https://secwatch.observer/filing/0001888524-26-016531.md","text":"https://secwatch.observer/filing/0001888524-26-016531.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1688451/000188852426016531/0001888524-26-016531-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1688451/000188852426016531/wcm16l25_8k-09012026.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-09-02T13:31:09.347093+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}