other material
confidence high
sentiment neutral
materiality 0.50
Greystone sells special servicing unit to C-IV AM; C-IV AM named special servicer for BANK 2019-BNK19 loans
BANK 2019-BNK19
- Effective Sept 1, 2026, Greystone sold special servicing division to C-IV AM, which assumes duties for Nova Place and 450-460 Park Ave South loans.
- C-IV AM is wholly-owned by C-IV Capital Partners; key Greystone special servicing employees transferred to C-IV AM.
- C-IV AM rated MOR CS2 (Morningstar DBRS), CSS2 (Fitch), and S&P Select Servicer with 'Average; Ranking Watch Positive'.
- As of 6/30/26, Greystone's portfolio: 60 transactions, $20.7B UPB; 33 CMBS deals, $14.2B; active special servicing $2.1B.
- C-IV AM resolved 6,017 assets totaling $60.7B since 2002; no servicer defaults or material litigation pending.