BANK 2021-BNK32 Names C-IV AM Special Servicer for 605 Third Ave Loan

What Happened
BANK 2021-BNK32 filed an 8-K (dated September 1, 2026) announcing that C‑IV Asset Management LLC (C‑IV AM) will act as special servicer for the 605 Third Avenue mortgage loan and related pari passu and 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 September 1, 2026, Greystone Servicing Company LLC sold substantially all assets of its special servicing division to C‑IV AM, and C‑IV AM assumed special servicer duties, responsibilities and liabilities arising after the closing.

Key Details

• Effective date: September 1, 2026 (closing of the Sale Transaction).
• Parties: Greystone Servicing Company LLC sold its special servicing division to C‑IV Asset Management LLC, a wholly owned subsidiary of C‑IV Capital Partners LLC.
• Scope: C‑IV AM will serve as special servicer for the 605 Third Avenue mortgage loan and related pari passu/subordinate notes; servicing remains governed by the Applicable PSA for BANK 2020-BNK30.
• Continuity: Substantially all key employees who performed Greystone special servicing duties prior to the sale are now employed by C‑IV AM or its affiliate and continue in substantially the same roles.

Why It Matters
This filing notifies investors who hold interests in the BANK 2020-BNK30 securitization (or related notes) that a new firm, C‑IV AM, will handle special servicing duties for the specified loan going forward. The transfer preserves operational continuity (many of the same employees moved to C‑IV AM) and does not change the governing servicing agreement (the Applicable PSA). For investors, the change clarifies who will manage workouts, potential REO disposition and material servicing decisions for the 605 Third Avenue loan, which can affect timing and recovery outcomes under the securitization.