Banc of America Merrill Lynch Commercial Mortgage Inc. filed a Form 8-K on September 1, 2026, announcing a change in the special servicer for the BANK 2020-BNK30 commercial mortgage-backed securities (CMBS) deal. The filing states that C-IV Asset Management LLC (C-IV AM) will assume the role of special servicer for two specific loans: the 605 Third Avenue Mortgage Loan and the McDonald's Global HQ Mortgage Loan.
The transition is the result of a sale transaction completed on September 1, 2026, in which Greystone Servicing Company LLC sold substantially all assets of its special servicing division to C-IV AM. Under this agreement, C-IV AM assumed all duties, responsibilities, and liabilities of the special servicer arising after the closing of the transaction. The filing notes that key employees from Greystone’s special servicing division have transferred to C-IV AM or its affiliate and are continuing to perform their duties in the same capacity.
C-IV AM is a wholly-owned subsidiary of C-IV Capital Partners LLC. The filing provides details on the company’s operational footprint and regulatory standing, noting its principal offices are located in Irving, Texas. C-IV AM holds a special servicer rating of “MOR CS2” from Morningstar DBRS and “CSS2” from Fitch, and is listed on S&P’s Select Servicer list as a U.S. Commercial Mortgage Special Servicer.
The filing includes a detailed table outlining the portfolio of specially serviced commercial and multifamily mortgage loans acquired by C-IV AM as of June 30, 2026. As of that date, C-IV AM was the named special servicer for approximately 60 transactions, representing about 1,928 first-lien mortgage loans with an aggregate stated principal balance of roughly $20.7 billion. Of this portfolio, 33 are CMBS transactions with an aggregate balance of approximately $14.2 billion. Approximately 108 assets with a principal balance of about $2.1 billion were in active special servicing.
C-IV AM disclosed its strategies for handling problem loans, which include liquidation of collateral, note sales, discounted payoffs, and borrower negotiations. The company stated that it does not have primary responsibility for custody services of original mortgage documents but may hold them temporarily for enforcement actions. Additionally, C-IV AM noted that it has not been the subject of a servicer event of default or termination event in any securitization transaction for which it acted as special servicer.
