other material
confidence high
sentiment neutral
materiality 0.50
C-IV AM assumes special servicer role for BBCMS 2017-C1 after Greystone sale
BBCMS Mortgage Trust 2017-C1
- On Sept 1, 2026, Greystone sold its special servicing division to C-IV AM, which assumed all duties as special servicer for the trust's loans.
- C-IV AM is rated MOR CS2 (Morningstar DBRS) and CSS2 (Fitch); on S&P Select Servicer list with 'Average; Ranking Watch Positive'.
- As of June 30, 2026, Greystone's portfolio had ~60 transactions, ~1,928 loans, $20.7B principal; ~108 assets ($2.1B) in active special servicing.
- C-IV AM has resolved 6,017 assets since 2002 with aggregate principal of ~$60.7B; no servicer event of default.
- All of Greystone's named portfolio transfers to C-IV AM except two CLOs; key employees continue in same roles.