Barclays Commercial Mortgage Securities LLC, the depositor for BBCMS Mortgage Trust 2017-C1, filed an 8-K on September 1, 2026, announcing a change in the special servicer for two specific mortgage loans within the trust.
C-IV Asset Management LLC (C-IV AM) will assume the role of special servicer for the Center West Mortgage Loan and the Connecticut Financial Center Mortgage Loan under the WFCM 2017-RB1 pooling and servicing agreement. This transition follows a sale transaction on September 1, 2026, in which Greystone Servicing Company LLC sold substantially all assets of its special servicing division to C-IV AM. C-IV AM is a wholly-owned subsidiary of C-IV Capital Partners LLC.
Under the agreement, C-IV AM will assume all duties, responsibilities, and liabilities of the special servicer for these loans. The filing notes that key employees from Greystone’s special servicing division have transferred to C-IV AM or its affiliates to continue performing the same duties.
C-IV AM has a special servicer rating of “MOR CS2” from Morningstar DBRS and “CSS2” from Fitch. It is also listed on S&P’s Select Servicer list as a U.S. Commercial Mortgage Special Servicer, ranked “Average; Ranking Watch Positive.” The company has a history of resolving assets, having participated in the resolution of 6,017 total assets with an aggregate principal balance of approximately $60.7 billion since its inception in 2002.
The filing includes a table detailing the portfolio of specially serviced loans C-IV AM acquired as of June 30, 2026. This portfolio includes 60 CMBS transactions representing approximately 774 first-lien mortgage loans with an aggregate stated principal balance of approximately $14.2 billion. Additionally, approximately 108 assets with a stated principal balance of approximately $2.1 billion were in active special servicing as of that date.
