other material
confidence high
sentiment neutral
materiality 0.50
C-IV AM takes over as special servicer for BBCMS 2023-C20 after Greystone sale
BBCMS 2023-C20
- On Sept 1, 2026, Greystone sold its special servicing division to C-IV AM, which assumed duties for the 6330 West Loop South loan.
- C-IV AM is a wholly-owned subsidiary of C-IV Capital Partners; key Greystone special servicing employees transferred to C-IV AM.
- As of 6/30/26, Greystone's portfolio: 60 transactions, $20.7B UPB; 33 CMBS, $14.2B; 108 assets in active special servicing, $2.1B.
- C-IV AM ratings: MOR CS2 (Morningstar DBRS), CSS2 (Fitch), S&P Select Servicer 'Average; Ranking Watch Positive'.
- C-IV AM has resolved 6,017 assets totaling $60.7B since 2002; no servicer defaults or material litigation.