Benchmark 2022-B36 Mortgage Trust Reports Special Servicer Change

What Happened
Benchmark 2022-B36 Mortgage Trust filed an 8-K (Accession 0001888524-26-016474) reporting 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. On September 1, 2026, Greystone Servicing Company LLC sold and conveyed substantially all assets of its special servicing division to C‑IV AM, and C‑IV AM assumed the special servicing duties and liabilities arising after the closing.

Key Details

• Effective date: September 1, 2026 — Greystone transferred substantially all special servicing assets to C‑IV AM.
• Specific loan: C‑IV AM will be special servicer for the 79 Fifth Avenue Mortgage Loan under CGCMT 2022-GC48.
• Ratings & credentials: C‑IV AM rated “MOR CS2” by Morningstar DBRS, “CSS2” by Fitch, and listed on S&P’s Select Servicer list (rated “Average; Ranking Watch Positive”).
• Portfolio context: As of June 30, 2026, Greystone was named special servicer on ~60 transactions (~1,928 first‑lien loans, aggregate stated principal ≈ $20.7B); 33 of those were CMBS (~774 loans, ≈ $14.2B). C‑IV AM’s named portfolio unpaid principal balance was ≈ $20.7B as of 6/30/2026, and it has resolved 6,017 assets ($60.7B aggregate) since 2002.
• Operational continuity: Substantially all key Greystone special‑servicing employees transferred to C‑IV AM and continue similar duties. C‑IV AM will not be primary custodian of original loan documents, except as needed for enforcement.
• Other notes: C‑IV AM reports no servicer defaults in its securitizations, no material pending legal proceedings, and no expected material adverse effect from its financial condition. Most of Greystone’s named portfolio will transfer except two CLOs.

Why It Matters
A change in the special servicer is material to certificateholders because the special servicer handles workouts, enforcement and loss‑mitigation on problem loans. This filing shows a direct transfer of Greystone’s special servicing business to C‑IV AM with most employees moving over, which suggests operational continuity and limited disruption. C‑IV AM’s experience, portfolio history and third‑party ratings are presented to support its capability to perform servicing duties. Investors in the trust should note the new servicer, review any future notices about servicing practices or compensation changes (the filing notes C‑IV AM may enter discount/revenue‑sharing arrangements), and monitor for any servicer‑specific updates affecting loan workouts or recoveries.