other material
confidence high
sentiment neutral
materiality 0.50
C-IV Asset Management becomes special servicer for Wells Fargo Commercial Mortgage Trust 2019-C51
Wells Fargo Commercial Mortgage Trust 2019-C51
- Effective Sept 1, 2026, C-IV AM assumed special servicer duties from Greystone after asset sale.
- C-IV AM takes over ~60 transactions, $20.7B UPB, 1,928 loans; active special servicing $2.1B on 108 assets.
- C-IV AM rated MOR CS2 (Morningstar DBRS), CSS2 (Fitch), on S&P Select Servicer list.
- No servicer event of default; key employees transferred to C-IV AM.