secwatch.observer — SEC 8-K summary
======================================

Issuer:     Wells Fargo Commercial Mortgage Trust 2017-C38 (—)
CIK:        0001707817
Form:       8-K
Filed at:   2026-09-02T14:18:08+00:00
Accession:  0001888524-26-016555
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 123 William St loan
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1707817/000188852426016555/0001888524-26-016555-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1707817/000188852426016555/wcm17c38_8k-09012026.htm
  HTML page:      https://secwatch.observer/filing/0001888524-26-016555

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer