WFRBS Commercial Mortgage Trust 2014-C21 filed a Current Report on Form 8-K with the U.S. Securities and Exchange Commission on September 1, 2026. The filing indicates that the trust intends to liquidate its assets and dissolve. The report was submitted by the registrant, RBS Commercial Funding Inc., on behalf of the trust.
The filing details the transfer of special servicing responsibilities from Greystone Servicing Company LLC to C-IV Asset Management LLC. On September 1, 2026, Greystone sold and conveyed substantially all of the assets of its special servicing division to C-IV AM, a wholly-owned subsidiary of C-IV Capital Partners LLC. C-IV AM assumed all duties, responsibilities, and liabilities of the special servicer following the closing of this transaction.
C-IV AM is a Delaware limited liability company with principal offices in Irving, Texas. The company has a special servicer rating of “MOR CS2” from Morningstar DBRS and “CSS2” from Fitch. As of June 30, 2026, the portfolio of assets that will be transferred to C-IV AM includes approximately 60 transactions, representing 1,928 first-lien mortgage loans with an aggregate stated principal balance of approximately $20.7 billion.
The portfolio consists of 33 commercial mortgage-backed securities (CMBS) transactions with a balance of approximately $14.2 billion, as well as 22 Freddie Mac securitizations, two single-asset single-borrower securitizations, one non-securitized deal, one National Finance Authority (NFA) deal, and one Washington State House Financing deal. As of the same date, approximately 108 assets with a principal balance of approximately $2.1 billion were in active special servicing.
C-IV AM has stated that it 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 company also noted that it does not have any material advancing rights or obligations with respect to the CMBS pools for which it acts as special servicer, though it may have the right to make property-related servicing advances in emergency situations.
