Morgan Stanley Bank of America Merrill Lynch Trust 2016-C31 filed a Form 8-K on September 1, 2026, reporting a change in its special servicer. The filing details the transfer of special servicing responsibilities from Greystone Servicing Company LLC to C-IV Asset Management LLC.
Under the terms of the MSC 2016-BNK2 pooling and servicing agreement, C-IV Asset Management will act as the special servicer for the Harlem USA Mortgage Loan. The transition is the result of a sale transaction completed on September 1, 2026, in which Greystone sold and conveyed substantially all of the assets of its special servicing division to C-IV Asset Management. Following the closing, C-IV Asset Management assumed all duties, responsibilities, and liabilities of the special servicer under the related servicing agreement.
C-IV Asset Management is a wholly-owned subsidiary of C-IV Capital Partners LLC. The filing notes that substantially all key employees from Greystone’s special servicing division have moved to C-IV Asset Management or its affiliate and continue to perform their duties in the same capacity. The principal office of C-IV Asset Management is located in Irving, Texas.
The filing provides background on C-IV Asset Management’s servicing capabilities and history. As of June 30, 2026, Greystone was the named special servicer for approximately 60 transactions with an aggregate stated principal balance of approximately $20.7 billion. This portfolio includes multifamily, office, retail, hospitality, industrial, and other income-producing properties across the United States. Since its inception in 2002 through June 30, 2026, C-IV Asset Management has resolved or participated in the resolution of 6,017 assets with an aggregate principal balance of approximately $60.7 billion.
Regarding the specific assets being transferred, C-IV Asset Management has detailed policies and operating procedures to maintain compliance with servicing obligations. The company 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 also includes a table outlining the portfolio of specially serviced loans acquired by C-IV Asset Management, showing a decline in the aggregate unpaid principal balance of the named portfolio from $27.6 billion in December 2023 to $20.7 billion as of June 30, 2026.
