secwatch.observer — SEC 8-K summary
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Issuer:     Wells Fargo Commercial Mortgage Trust 2016-LC25 (—)
CIK:        0001688451
Form:       8-K
Filed at:   2026-09-02T13:30:18+00:00
Accession:  0001888524-26-016531
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 6.02
LLM model:  deepseek-v4-flash:cloud@v2

Greystone sells special servicing division to C-IV AM; C-IV AM becomes special servicer for 101 Hudson Street loan
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1688451/000188852426016531/0001888524-26-016531-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1688451/000188852426016531/wcm16l25_8k-09012026.htm
  HTML page:      https://secwatch.observer/filing/0001888524-26-016531

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