BANK 2020-BNK29 Names C-IV AM Special Servicer for McDonald's HQ Loan

What Happened
BANK 2020-BNK29 filed an 8-K on Sept. 1, 2026 announcing that C-IV Asset Management LLC (“C-IV AM”) will act as special servicer for the McDonald's Global HQ mortgage loan and related pari passu and/or subordinate promissory notes (the “Applicable Non-Serviced Loan Combination”), which are governed by the pooling and servicing agreement for the BANK 2020-BNK30 securitization (the “Applicable PSA”). On Sept. 1, 2026, Greystone Servicing Company LLC sold substantially all assets of its special servicing division to C-IV AM (the “Sale Transaction”), and C-IV AM assumed the special servicer duties, responsibilities and liabilities under the related servicing agreement arising after the sale. C-IV AM is a wholly owned subsidiary of C-IV Capital Partners LLC.

Key Details

• Effective date: September 1, 2026.
• Transaction: Greystone sold substantially all assets of its special servicing division to C-IV AM; C-IV AM assumed post-closing special servicing duties.
• Scope: Applies to the McDonald's Global HQ mortgage loan and each related pari passu and/or subordinate promissory note under the BANK 2020-BNK30 PSA.
• Staffing: Substantially all key employees who handled Greystone’s special servicing matters moved to C-IV AM or its affiliate and continue in substantially the same roles.

Why It Matters
This change shifts responsibility for special servicing actions (including servicing and administration if the loan becomes specially serviced, handling related real estate owned (REO) property, and reviewing material servicing actions when not specially serviced) from Greystone to C-IV AM under the existing PSA. For investors in the BANK 2020-BNK29/BNK30 securitizations or holders of related notes, the operational party handling distressed or special servicing matters and related workflows has changed, though the contractual servicing framework (the Applicable PSA) remains in place.