BANK 2022-BNK42 Reports Special Servicer Change to C-IV Asset Management

What Happened
BANK 2022-BNK42 filed an 8-K on September 1, 2026 announcing that C‑IV Asset Management LLC (“C‑IV AM”) will act as special servicer for the 79 Fifth Avenue Mortgage Loan under the CGCMT 2022‑GC48 pooling and servicing agreement. This follows Greystone Servicing Company LLC’s sale and conveyance of substantially all assets of its special servicing division to C‑IV AM effective September 1, 2026. Substantially all key special‑servicing employees transferred to C‑IV AM and will continue performing the same duties. C‑IV AM provided the descriptive information in the filing.

Key Details

• Effective date: September 1, 2026 — Greystone sold its special servicing division to C‑IV AM and C‑IV AM assumed special servicing duties for the related servicing agreement.
• Portfolio scope: As of June 30, 2026 Greystone was named special servicer on ~60 transactions (about 1,928 first‑lien mortgage loans) with an aggregate stated principal balance of ~ $20.7 billion; C‑IV AM’s named portfolio unpaid principal balance was ~$20,697.8 million as of 6/30/2026, with ~$2,106.5 million actively specially serviced.
• Experience & ratings: C‑IV AM reports resolving/participating in resolution of 6,017 assets (aggregate principal ~$60.7 billion) since 2002 through 6/30/2026. Ratings cited: “MOR CS2” from Morningstar DBRS, “CSS2” from Fitch, and inclusion on S&P’s Select Servicer list (ranked “Average; Ranking Watch Positive”).
• Operations & legal: C‑IV AM says it will not have primary custody of original loan documents (may hold some for enforcement), has established policies and a business continuity plan, has not been subject to a servicer default/termination in securitizations it served, and reports no material pending litigation affecting its servicing ability.

Why It Matters
A change in the special servicer affects who manages troubled loans, workouts, enforcement and recovery actions for the pool backing the certificates. The filing emphasizes continuity (key employees moved to C‑IV AM) and C‑IV AM’s experience and third‑party ratings, which the firm says should limit operational disruption. C‑IV AM also states it does not expect its financial condition to materially affect performance of its servicing duties. Investors should note the servicer change, the effective date, and monitor any future notices about servicing actions, material advances, or litigation that could affect loan recoveries or certificate performance.