Wells Fargo Commercial Mortgage Trust 2015-C28 Names C‑IV AM Special Servicer

What Happened
Wells Fargo Commercial Mortgage Trust 2015-C28 filed an 8-K (Sept. 2, 2026) reporting a change of special servicer under the pooling and servicing agreement. On Sept. 1, 2026, Greystone Servicing Company LLC sold substantially all assets of its special servicing division to C‑IV Asset Management LLC (“C‑IV AM”), and C‑IV AM assumed the special servicer duties and liabilities arising after the closing. C‑IV AM is a wholly owned subsidiary of C‑IV Capital Partners LLC and has retained substantially all key employees who were performing Greystone’s special servicing duties.

Key Details

• Transfer effective date: Sept. 1, 2026; 8‑K filed Sept. 2, 2026.
• Portfolio scope (Greystone as of June 30, 2026): ~60 transactions (excluding 2 CLOs), ~1,928 first‑lien loans, aggregate stated principal ≈ $20.7 billion; 33 CMBS transactions (~774 loans, ≈ $14.2 billion).
• Actively specially serviced assets as of June 30, 2026: ~108 assets, ≈ $2.1 billion unpaid principal balance.
• C‑IV AM credentials: Morningstar DBRS rating “MOR CS2”, Fitch rating “CSS2”, listed on S&P’s Select Servicer list (ranked “Average; Ranking Watch Positive”); history of resolving ~6,017 assets (aggregate ≈ $60.7 billion) from 2002–6/30/2026.
• Transfer excludes two CLO transactions; C‑IV AM does not expect to use sub‑servicers and reports no material legal proceedings affecting its servicing ability.

Why It Matters
A change in the special servicer affects who handles troubled loans, workouts, foreclosures and other enforcement actions for this CMBS trust. Investors should note C‑IV AM’s industry ratings, the retention of Greystone servicing staff (which may reduce operational disruption), and the size of the specially serviced portfolio being transferred (≈ $20.7B named portfolio, ≈ $2.1B actively special‑serviced). The filing states C‑IV AM does not believe its financial condition will adversely affect its servicing duties and that there are no material legal proceedings against it.