Wells Fargo Commercial Mortgage Trust 2016-C36 filed a Current Report on Form 8-K with the Securities and Exchange Commission on September 1, 2026. The filing details a change in the special servicer for the trust’s assets. C-IV Asset Management LLC, a Delaware limited liability company, will assume the role of general special servicer under the pooling and servicing agreement.
The change is the result of a transaction completed on September 1, 2026, in which 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 and liabilities of the special servicer arising from the closing of the transaction. The filing notes that key employees from Greystone’s special servicing division have transitioned to C-IV AM or its affiliate to continue performing their duties.
C-IV AM is a wholly-owned subsidiary of C-IV Capital Partners LLC. The filing provides background on the company’s operations and ratings. As of June 30, 2026, C-IV AM was the special servicer for approximately 60 transactions, representing an aggregate stated principal balance of approximately $20.7 billion. Of these, 33 were commercial mortgage-backed securities (CMBS) transactions with a balance of approximately $14.2 billion. The portfolio includes various property types such as multifamily, office, retail, hospitality, and industrial.
The filing includes a table detailing the named specially serviced portfolio and actively specially serviced portfolio balances for C-IV AM as of various dates through June 30, 2026. As of that date, approximately 108 assets with a stated principal balance of approximately $2.1 billion were in active special servicing. The document states that C-IV AM has not been the subject of a servicer event of default or termination event in any transaction for which it acted as special servicer.
C-IV AM is rated “MOR CS2” by Morningstar DBRS and “CSS2” by Fitch. It is also listed on S&P’s Select Servicer list. The filing indicates that C-IV AM has detailed policies and operating procedures to maintain compliance with servicing obligations and that it has developed strategies for working with borrowers on problem loans, including liquidation, note sales, and discounted payoffs.
