Wells Fargo Commercial Mortgage Trust 2016-LC25 filed a Current Report on Form 8-K on September 1, 2026, announcing the appointment of C-IV Asset Management LLC as the special servicer for the 101 Hudson Street Mortgage Loan. The appointment is made pursuant to the MSC 2016-BNK2 pooling and servicing agreement.
The transition involves the sale and conveyance of substantially all assets of the special servicing division of Greystone Servicing Company LLC to C-IV AM. C-IV AM assumed all duties, responsibilities, and liabilities of the special servicer under the related servicing agreement following the closing of this transaction on September 1, 2026.
C-IV Asset Management is a wholly-owned subsidiary of C-IV Capital Partners LLC. The company reports that substantially all key employees from Greystone’s special servicing division have been retained by C-IV AM or its affiliates and will continue to perform their duties in substantially the same capacity. The principal special servicing offices of C-IV AM are located in Irving, Texas.
As of June 30, 2026, C-IV AM held the special servicing rights for approximately 60 transactions, representing about 1,928 first-lien mortgage loans with an aggregate stated principal balance of approximately $20.7 billion. Of these, 33 are 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.
C-IV AM has received 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 as a U.S. Commercial Mortgage Special Servicer, ranked “Average; Ranking Watch Positive.”
According to the filing, C-IV AM has been involved in the resolution of 6,017 total assets since its inception in 2002, with an aggregate principal balance of approximately $60.7 billion. The filing states 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.
