Wells Fargo CM Trust 2016-LC25 Reports Change of Special Servicer to C‑IV AM

What Happened

• The trust filed an 8‑K (filed Sept. 2, 2026) announcing that C‑IV Asset Management LLC (C‑IV AM) will act as special servicer for the 101 Hudson Street mortgage loan under the MSC 2016‑BNK2 pooling and servicing agreement.
• On Sept. 1, 2026 Greystone Servicing Company LLC sold and conveyed substantially all assets of its special servicing division to C‑IV AM; C‑IV AM assumed the related special servicer duties, responsibilities and liabilities after closing.
• Substantially all key employees who performed Greystone special servicing roles transferred to C‑IV AM and continue in substantially the same capacities.

Key Details

• Effective date: September 1, 2026 (Sale Transaction closed Sept. 1, 2026).
• Ratings and recognition: C‑IV AM has Morningstar DBRS rating “MOR CS2”, Fitch rating “CSS2”, and is on S&P’s Select Servicer list (U.S. Commercial Mortgage Special Servicer; “Average; Ranking Watch Positive”).
• Portfolio scale (Greystone as of 6/30/2026): ~60 named transactions (excluding 2 CLOs), ~1,928 first‑lien loans, aggregate stated principal ≈ $20.7 billion; ~108 assets actively specially serviced, aggregate ≈ $2.1 billion.
• C‑IV AM track record: since inception (including predecessors) through 6/30/2026 has resolved/participated in resolution of 6,017 assets with aggregate principal ≈ $60.7 billion.

Why It Matters

• A change in special servicer determines who manages troubled loans, workouts, enforcement and liquidation efforts for affected assets (here, the 101 Hudson Street loan). Investors should note the new servicer, its ratings and staffing continuity because those factors affect how special servicing duties will be carried out.
• The filing states C‑IV AM assumed responsibilities and liabilities post‑closing, has no known material legal proceedings affecting its servicing role, and does not expect its financial condition to materially impact pool or certificate performance. The information was provided by C‑IV AM and is not independently warranted by the depositor.