other material
confidence high
sentiment neutral
materiality 0.50
C-IV AM replaces Greystone as special servicer for MSC 2016-C28 trust
Morgan Stanley Bank of America Merrill Lynch Trust 2016-C28
- Greystone sold special servicing division to C-IV AM effective Sept 1, 2026; C-IV AM assumes all duties.
- C-IV AM rated MOR CS2 (Morningstar DBRS), CSS2 (Fitch), and on S&P Select Servicer list.
- As of 6/30/2026, Greystone named special servicer for ~60 transactions ($20.7B UPB), $2.1B active special servicing.
- C-IV AM is affiliate of directing certificateholder C-III High Yield Real Estate Debt Fund IV.
- No material legal proceedings or servicer defaults reported for C-IV AM.