For the monthly distribution period from: May 18, 2022 to June 17, 2022
Commission File Number of issuing entity: 333-206582-02
Central Index Key Number of issuing entity: 0001669990
Morgan Stanley
Bank of America Merrill Lynch Trust 2016-C29
(Exact name of issuing entity as specified in its charter)
Commission File Number of depositor: 333-206582
Central Index Key Number of depositor: 0001547361
Morgan Stanley
Capital I Inc.
(Exact name of depositor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001102113
Bank of
America, National Association
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001541557
Morgan Stanley
Mortgage Capital Holdings LLC
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001682532
Starwood
Mortgage Funding III LLC
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001089877
KeyBank
National Association
(Exact name of sponsor as specified in its charter)
Jane Lam (212) 761-4000
(Name and telephone number, including area code, of the person to contact in
connection with this filing)
New York
(State or other jurisdiction of incorporation or organization of the issuing
entity)
38-3991402
38-3991403
38-7145119
(I.R.S. Employer Identification No.)
c/o
Computershare Trust Company, N.A., as agent for
Wells Fargo Bank, National Association
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices of the issuing entity) (Zip Code)
(410) 884-2000
(Telephone number, including area code)
Not Applicable
(Former name, former address, if changed since last report)
|
Title of Class |
Section 12(b) |
Section 12(g) |
Section 15(d) |
Name of Exchange (If Section 12(b)) |
|
A-1 |
|
|
X |
|
|
A-2 |
|
|
X |
|
|
A-SB |
|
|
X |
|
|
A-3 |
|
|
X |
|
|
A-4 |
|
|
X |
|
|
X-A |
|
|
X |
|
|
X-B |
|
|
X |
|
|
A-S |
|
|
X |
|
|
B |
|
|
X |
|
|
C |
|
|
X |
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Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No
Part I - DISTRIBUTION INFORMATION
Item 1. Distribution and Pool Performance Information.
On June 17, 2022 a distribution was made to holders of the certificates issued by Morgan Stanley Bank of America Merrill Lynch Trust 2016-C29.
The distribution report is attached as an Exhibit to this Form 10-D, please see Item 10(b), Exhibit 99.1 for the related information.
The following table presents the loss information for the trust assets for the Morgan Stanley Bank of America Merrill Lynch Trust 2016-C29 in accordance with Item 1100(b) as required by Item 1121(a)(9) of Regulation AB:
|
Number of Delinquencies 30+ days |
% of Delinquencies 30+ days by Pool Balance |
Number of Loans/REOs with Losses |
Average Net Loss |
|
2 |
2.72% |
3 |
$14,640.42 |
No assets securitized by Bank of America, National Association, Morgan Stanley Mortgage Capital Holdings LLC, Starwood Mortgage Funding III LLC, and KeyBank National Association (each a "Securitizer") and held by Morgan Stanley Bank of America Merrill Lynch Trust 2016-C29 were the subject of a demand to repurchase or replace for breach of the representations and warranties during the monthly distribution period from May 18, 2022 to June 17, 2022.
Bank of America, National Association filed its most recent Form ABS-15G on May 11, 2022. The CIK number for Bank of America, National Association is 0001102113.
Morgan Stanley Mortgage Capital Holdings LLC filed its most recent Form ABS-15G on May 13, 2022. The CIK number for Morgan Stanley Mortgage Capital Holdings LLC is 0001541557.
Starwood Mortgage Capital LLC, the direct parent of Starwood Mortgage Funding III LLC filed its most recent Form ABS-15G on January 19, 2022. The CIK number for Starwood Mortgage Capital LLC, the direct parent of Starwood Mortgage Funding III LLC is 0001682532.
KeyBank National Association filed its most recent Form ABS-15G on February 2, 2022. The CIK number for KeyBank National Association is 0001089877.
Part II - OTHER INFORMATION
Item 9. Other Information.
Wells Fargo Bank, N.A., in its capacity as Master Servicer for Morgan Stanley Bank of America Merrill Lynch Trust 2016-C29, affirms the following amounts in the respective accounts:
|
Collection Account Balance |
||
|
Prior Distribution Date |
05/17/2022 |
$0.00 |
|
Current Distribution Date |
06/17/2022 |
$37,969.04 |
|
*REO Account Balance |
||
|
Prior Distribution Date |
05/17/2022 |
$0.00 |
|
Current Distribution Date |
06/17/2022 |
$0.00 |
|
*As provided by Special Servicer |
||
Computershare Trust Company, N.A., as agent for Wells Fargo Bank, N.A., in its capacity as Certificate Administrator for Morgan Stanley Bank of America Merrill Lynch Trust 2016-C29, affirms the following amounts in the respective accounts:
|
Distribution Account Balance |
||
|
Prior Distribution Date |
05/17/2022 |
$4,198.88 |
|
Current Distribution Date |
06/17/2022 |
$4,340.52 |
|
Interest Reserve Account Balance |
||
|
Prior Distribution Date |
05/17/2022 |
$0.00 |
|
Current Distribution Date |
06/17/2022 |
$0.00 |
|
Gain-on-Sale Reserve Account Balance |
||
|
Prior Distribution Date |
05/17/2022 |
$0.00 |
|
Current Distribution Date |
06/17/2022 |
$0.00 |
Item 10. Exhibits.
(a) The following is a list of documents filed as part of this Report on Form 10-D:
(b) The exhibits required to be filed by the Registrant pursuant to this Form are listed above.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Morgan Stanley Capital I Inc.
(Depositor)
/s/ Jane Lam
Jane Lam, President
Date: June 30, 2022