{"filing":{"accession_number":"0001888524-26-016531","cik":"0001688451","ticker":null,"company_name":"Wells Fargo Commercial Mortgage Trust 2016-LC25","form":"8-K","filing_date":"2026-09-02","report_date":"2026-09-01","primary_document":"wcm16l25_8k-09012026.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1688451/000188852426016531/wcm16l25_8k-09012026.htm"},"events":[{"id":31217,"run_id":28637,"accession_number":"0001888524-26-016531","anchor_item_number":"6.02","event_type":"governance_other","event_domain":"governance","is_material":true,"confidence":0.85,"summary":"This Item 6.02 discloses a change of servicer in a CMBS trust: Greystone Servicing Company LLC sold its special servicing division to C-IV Asset Management LLC, which assumed all duties and liabilities as special servicer effective September 1, 2026. The transaction involves a $20.7 billion portfolio across 60 transactions, making it material to certificateholders. While the servicer change is operational in nature, it is disclosed under Item 6.02 (Change of Servicer or Trustee), a governance-related item, and the extensive disclosure of C-IV AM's qualifications, ratings, and track record indicates this is a significant structural change to the trust's governance and administration.","company_name":"Wells Fargo Commercial Mortgage Trust 2016-LC25","ticker":null,"filing_date":"2026-09-02","form":"8-K","submitted_at":null,"items":[{"id":34037,"accession_number":"0001888524-26-016531","item_number":"6.02","item_title":"Change of Servicer or Trustee.","event_type":"governance_other","event_domain":"governance","is_material":true,"confidence":0.85,"reasoning":"This Item 6.02 discloses a change of servicer in a CMBS trust: Greystone Servicing Company LLC sold its special servicing division to C-IV Asset Management LLC, which assumed all duties and liabilities as special servicer effective September 1, 2026. The transaction involves a $20.7 billion portfolio across 60 transactions, making it material to certificateholders. While the servicer change is operational in nature, it is disclosed under Item 6.02 (Change of Servicer or Trustee), a governance-related item, and the extensive disclosure of C-IV AM's qualifications, ratings, and track record indicates this is a significant structural change to the trust's governance and administration.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-02T13:32:40.690974+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":34037,"accession_number":"0001888524-26-016531","item_number":"6.02","item_title":"Change of Servicer or Trustee.","event_type":"governance_other","event_domain":"governance","is_material":true,"confidence":0.85,"reasoning":"This Item 6.02 discloses a change of servicer in a CMBS trust: Greystone Servicing Company LLC sold its special servicing division to C-IV Asset Management LLC, which assumed all duties and liabilities as special servicer effective September 1, 2026. The transaction involves a $20.7 billion portfolio across 60 transactions, making it material to certificateholders. While the servicer change is operational in nature, it is disclosed under Item 6.02 (Change of Servicer or Trustee), a governance-related item, and the extensive disclosure of C-IV AM's qualifications, ratings, and track record indicates this is a significant structural change to the trust's governance and administration.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-02T13:32:40.690974+00:00","company_name":"Wells Fargo Commercial Mortgage Trust 2016-LC25","ticker":null,"filing_date":"2026-09-02"}]}