8-KFiled May 5, 8:00 PM ET
GS Mortgage Securities Trust 2016-GS4 Reports Special Servicer Change
GS Mortgage Securities Trust 2016-GS4Research Summary
AI-generated summary of this SEC filing
GS Mortgage Securities Trust 2016-GS4 Reports Special Servicer Change
What Happened
- GS Mortgage Securities Trust 2016-GS4 filed a Current Report on Form 8-K to disclose that the 540 West Madison Mortgage Loan — which represented approximately 7.3% of the issuing entity’s asset pool as of its cut‑off date — will be specially serviced, if necessary, under the GSMS 2016‑GS3 Pooling and Servicing Agreement.
- Pursuant to Section 7.01(d) of that PSA, Trimont LLC (f/k/a Trimont Real Estate Advisors, LLC) was removed as special servicer for the loan and Green Loan Services LLC was appointed as successor special servicer, effective May 6, 2026. Green Loan’s principal special servicing office is 1 Vanderbilt Avenue, New York, NY 10017; phone (212) 594‑2700.
Key Details
- 540 West Madison Mortgage Loan = ~7.3% of the issuing entity’s asset pool (cut‑off date basis).
- Effective date of servicer change: May 6, 2026.
- Removed special servicer: Trimont LLC (f/k/a Trimont Real Estate Advisors, LLC).
- Successor special servicer: Green Loan Services LLC (address and phone listed in the 8‑K).
Why It Matters
- The special servicer handles workouts, enforcement and other special servicing actions for troubled or complex loans; a change can affect how that loan is managed and the timing of any recovery actions.
- Because the loan represents about 7.3% of the pool, the change is material to the trust’s asset management but does not, by itself, disclose any change in loan performance or expected losses.
- The 8‑K is a routine filing to record the administrative change; investors should watch for future disclosures if special servicing actions (e.g., loan modification, foreclosure, or payoffs) are taken.