---
schema_version: "secwatch.filing_event.v1"
accession: "0001888524-26-016555"
form_type: "8-K"
ticker: null
cik: "0001707817"
company_name: "Wells Fargo Commercial Mortgage Trust 2017-C38"
filed_at: "2026-09-02T14:18:08+00:00"
generated_at: "2026-09-02T14:19:16.455232+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Greystone sells special servicing division to C-IV AM; C-IV AM becomes special servicer for 123 William St loan

## Summary
- On Sept 1, 2026, Greystone sold its special servicing division to C-IV Asset Management LLC; C-IV AM assumed all duties.
- C-IV AM rated MOR CS2 (Morningstar DBRS) and CSS2 (Fitch); on S&P Select Servicer list.
- C-IV AM's portfolio: 60 transactions, $20.7B UPB; $2.1B in active special servicing as of 6/30/2026.
- C-IV AM has resolved 6,017 assets totaling $60.7B since 2002.
- C-IV AM is affiliate of C-III Commercial Mortgage LLC, a loan seller in the transaction.

## SEC filing metadata
- accession: 0001888524-26-016555
- form_type: 8-K
- cik: 0001707817
- company_name: Wells Fargo Commercial Mortgage Trust 2017-C38
- filed_at: 2026-09-02T14:18:08+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 6.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1707817/000188852426016555/0001888524-26-016555-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1707817/000188852426016555/wcm17c38_8k-09012026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001888524-26-016555
- JSON: https://secwatch.observer/filing/0001888524-26-016555.json
- Plain text: https://secwatch.observer/filing/0001888524-26-016555.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.