8-KFiled Aug 31, 8:00 PM ET
Morgan Stanley Capital I Trust 2021-L6 Announces Special Servicer Change
Morgan Stanley Capital I Trust 2021-L6Research Summary
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Morgan Stanley Capital I Trust 2021-L6 Announces Special Servicer Change
What Happened
- Morgan Stanley Capital I Trust 2021-L6 filed an 8-K under Item 8.01 reporting that, effective September 1, 2026, C‑IV Asset Management LLC (C‑IV AM) will act as special servicer for the U.S. Steel Tower mortgage loan and related pari passu and subordinate promissory notes in the BANK 2021-BNK34 securitization (the Applicable Non-Serviced Loan Combination).
- On September 1, 2026, Greystone Servicing Company LLC sold and conveyed substantially all assets of its special servicing division to C‑IV AM (the Sale Transaction). C‑IV AM assumed the duties, responsibilities and liabilities of the special servicer under the related servicing agreement following the closing. C‑IV AM is a wholly owned subsidiary of C‑IV Capital Partners LLC.
Key Details
- Effective date: September 1, 2026.
- Parties: Greystone Servicing Company LLC sold special servicing assets to C‑IV Asset Management LLC.
- Scope: C‑IV AM will handle special servicing and administration if the loan becomes specially serviced (including any related REO) and will perform certain reviews of material actions when the loan is not specially serviced.
- Continuity: Substantially all key employees who performed Greystone special servicing duties moved to C‑IV AM or its affiliate and continue in substantially the same roles. Servicing remains governed by the Applicable PSA for BANK 2021-BNK34.
Why It Matters
- This 8-K notifies investors that the designated special servicer for a material loan in the trust has changed hands through an asset sale, which could affect how workouts, REO handling and other special-servicing decisions are managed if the loan enters special servicing.
- The filing shows operational continuity (employees transferred and duties assumed) and confirms the servicing arrangement remains governed by the existing pooling and servicing agreement; no financial terms of the Sale Transaction were disclosed.