Banc of America Merrill Lynch Commercial Mortgage Inc. has filed a Current Report on Form 8-K announcing a change in the special servicer for a commercial mortgage-backed security (CMBS) loan. The filing details the appointment of C-IV Asset Management LLC (C-IV AM) to act as the special servicer for The Boulders Resort Mortgage Loan, which is part of the BANK 2022-BNK43 pooling and servicing agreement.
The transition is the result of a sale transaction completed on September 1, 2026. On that date, Greystone Servicing Company LLC sold and conveyed substantially all of the assets of its special servicing division to C-IV AM. As part of this transfer, C-IV AM assumed all duties, responsibilities, and liabilities of the special servicer arising from the closing.
C-IV AM is a wholly-owned subsidiary of C-IV Capital Partners LLC. The filing notes that the key employees previously performing duties for Greystone’s special servicing division are now employed by C-IV AM or its affiliate and continue to perform their roles in substantially the same capacity.
The filing provides background on C-IV AM’s operations and history. As of June 30, 2026, Greystone was the named special servicer for approximately 60 transactions, representing an aggregate stated principal balance of approximately $20.7 billion. This portfolio included multifamily, office, retail, hospitality, industrial, and other income-producing properties. Approximately 108 assets with a principal balance of roughly $2.1 billion were in active special servicing at that time. Since its inception in 2002, C-IV AM has resolved or participated in the resolution of 6,017 total assets with an aggregate principal balance of approximately $60.7 billion.
C-IV AM holds various ratings from major credit agencies, including a “MOR CS2” rating from Morningstar DBRS and a “CSS2” rating from Fitch. It is also listed on S&P’s Select Servicer list. The filing states that there are no special or unique factors involved in special servicing the assets governed by the related servicing agreement and that C-IV AM 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.
The filing includes a table detailing the portfolio of specially serviced commercial and multifamily mortgage loans acquired by C-IV AM. As of June 30, 2026, the named specially serviced portfolio consisted of 60 CMBS pools with an aggregate unpaid principal balance of approximately $20.7 billion. The actively specially serviced portfolio at that date totaled approximately $2.1 billion.
