C-IV Asset Management LLC: CMBS special servicer

What C-IV Asset Management LLC's trusts look like

• 1.1% of all live loans in the 371 trusts sit in trusts that name C-IV Asset Management LLC as special servicer.
• Its trusts' late-loan share is lower than average: 1.8% of live loans 60+ days late, against 3.1% across all trusts. That depends heavily on how old the trusts are and what they hold.
• More office exposure than the market: office is 36% of the balance in its trusts, against 27% across all trusts.
• $1.11B (35% of the balance in its trusts) matures in 2026 to 2028, against 29% for all trusts. A loan that cannot pay off at maturity transfers to the special servicer under the agreement's missed-balloon trigger.
• Master servicer on its trusts: Midland Loan Services (3), Trimont (2).

Property types in its trusts

Property type	Live loans	Balance	Share	All trusts
Office	40	$1.15B	36%	27%
Retail	35	$499M	16%	22%
Multifamily	23	$601M	19%	13%
Self-storage	19	$150M	5%	5%
Mixed use	18	$354M	11%	10%
Hotel	16	$251M	8%	11%
Mobile home park	7	$29.2M	1%	1%
Industrial	5	$57.7M	2%	7%
Other or not reported	2	$72.2M	2%	3%

Payment status of the loans

Status, latest filing	Loans	Share
Current	153	92.7%
Late, under 30 days	3	1.8%
30 to 59 days delinquent	1	0.6%
90+ days delinquent	3	1.8%
No status reported	5	3.0%

Status codes as defined in the SEC's ABS-EE schema for CMBS. A loan can be current and still be with the special servicer, for example during a modification.

When the loans mature

Year	Loans	Balance
2026	2	$40M
2027	34	$581M
2028	20	$487M
2029	48	$622M
2030	34	$920M
2031	0	$0
2032	27	$509M

Effective maturity (anticipated repayment date where the loan has one). See the CMBS maturity wall for the whole market.

Most frequent states: CA (33), NY (20), TX (14), NJ (10), FL (9), MI (7), NC (5), OH (5).

How C-IV Asset Management LLC appears in the filings

• C-IV Asset Management LLC 5 trusts

If your loan is with C-IV Asset Management LLC

The special servicer works for the trust, under a standard set in the pooling and servicing agreement, not for the borrower. What usually moves a file is a credible plan: new money, a refinance, a sale, or a modification the bondholders would accept. Start with how special servicing works, where your loan is on the servicer clock, what the fees will cost, and what can be changed in a modification. Its largest trust by balance is Benchmark 2025-V14 Mortgage Trust.

Janover Capital LLC is not a servicer or a law firm and is not affiliated with C-IV Asset Management LLC. We arrange refinancing, rescue capital and recapitalizations for owners whose loans are in or near special servicing. Tell us where the loan stands.

All special servicers · Who is my special servicer? · Master servicers

Questions people ask

Is C-IV Asset Management LLC the special servicer on my loan?

It is the special servicer named in 5 trusts' latest trustee reports. If your loan sits in one of the trusts listed on this page, C-IV Asset Management LLC handles it once it transfers to special servicing. One exception: a split loan whose lead note is in a different trust is serviced under that trust's agreement. Search your property to check.

What happens when a loan transfers to C-IV Asset Management LLC?

The special servicer takes over the file from the master servicer, orders an appraisal where the agreement requires one, and prepares an asset status report setting out its plan (in BANK5 2025-5YR14, the reference agreement on this site, within 60 days of the transfer event). From then on it decides between a workout, modification, discounted payoff, note sale or foreclosure, subject to the controlling bondholders' consent rights.

What fees does a special servicer like C-IV Asset Management LLC charge?

Fees are set by each trust's pooling and servicing agreement, not by the servicer. In BANK5 2025-5YR14 they are a special servicing fee of 0.25% a year (at least $3,500 a month), a 1% workout fee on a corrected loan and a 1% liquidation fee. Check your own trust's agreement.

How do I contact C-IV Asset Management LLC about a loan?

Use the contact on the transfer notice or servicer letter you received; it names the asset manager on your file. The trust's 10-D report, linked for each trust below, lists the parties. This site does not publish servicer phone numbers, and Janover Capital LLC is not affiliated with C-IV Asset Management LLC.