For the monthly distribution period from: May 18, 2022 to June 17, 2022
Commission File Number of issuing entity: 333-207361-01
Central Index Key Number of issuing entity: 0001661136
CSAIL 2016-C5
Commercial Mortgage Trust
(Exact name of issuing entity as specified in its charter)
Commission File Number of depositor: 333-207361
Central Index Key Number of depositor: 0001654060
Credit Suisse
Commercial Mortgage Securities Corp.
(Exact name of depositor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001628601
Column
Financial, Inc.
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001592182
LMF Commercial,
LLC (formerly known as Rialto Mortgage Finance, LLC)
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001497973
The Bank of New
York Mellon
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001624053
Argentic Real
Estate Finance LLC (formerly known as Silverpeak Real Estate Finance LLC)
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001555524
LoanCore
Capital Markets LLC (formerly known as Jefferies LoanCore LLC)
(Exact name of sponsor as specified in its charter)
Julia C. Powell (212) 538-1807
(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)
38-3984707
38-3984708
38-7145080
(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-3 |
|
|
X |
|
|
A-4 |
|
|
X |
|
|
A-5 |
|
|
X |
|
|
A-SB |
|
|
X |
|
|
X-A |
|
|
X |
|
|
X-B |
|
|
X |
|
|
A-S |
|
|
X |
|
|
B |
|
|
X |
|
|
C |
|
|
X |
|
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 CSAIL 2016-C5 Commercial Mortgage Trust.
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 CSAIL 2016-C5 Commercial Mortgage Trust 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 |
4.89% |
5 |
$1,241,404.18 |
No assets securitized by Credit Suisse Commercial Mortgage Securities Corp. (the "Depositor") and held by CSAIL 2016-C5 Commercial Mortgage Trust were the subject of a demand to repurchase for breach of the representations and warranties contained in the underlying transaction documents during the distribution period from May 18, 2022 to June 17, 2022.
The Depositor has filed a Form ABS-15G pursuant to Rule 15Ga-1 under the Securities Exchange Act of 1934 on February 11, 2022. The CIK number of the Depositor is 0001654060.
Column Financial, Inc. ("Column"), one of the sponsors, has filed a Form ABS-15G pursuant to Rule 15Ga-1 under the Securities Exchange Act of 1934 on February 11, 2022. The CIK number of Column is 0001628601.
LMF Commercial, LLC (formerly known as Rialto Mortgage Finance, LLC) ("LMF"), one of the sponsors, has filed a Form ABS-15G pursuant to Rule 15Ga-1 under the Securities Exchange Act of 1934 on February 14, 2022. The CIK number of LMF is 0001592182.
The Bank of New York Mellon ("BNY"), one of the sponsors, has filed a Form ABS-15G pursuant to Rule 15Ga-1 under the Securities Exchange Act of 1934 on February 23, 2018. The CIK number of BNY is 0001497973.
Argentic Real Estate Finance LLC (“Argentic”) (formerly known as Silverpeak Real Estate Finance LLC), one of the sponsors, has filed a Form ABS-15G pursuant to Rule 15Ga-1 under the Securities Exchange Act of 1934 on February 8, 2022. The CIK number of Argentic is 0001624053.
LoanCore Capital Markets LLC (formerly known as Jefferies LoanCore LLC) ("LCM"), one of the sponsors, has filed a Form ABS-15G pursuant to Rule 15Ga-1 under the Securities Exchange Act of 1934 on February 8, 2022. The CIK number of LCM is 0001555524.
Part II - OTHER INFORMATION
Item 9. Other Information.
KeyBank National Association, in its capacity as Master Servicer for CSAIL 2016-C5 Commercial Mortgage Trust, 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 |
$0.00 |
|
REO Account Balance |
||
|
Prior Distribution Date |
05/17/2022 |
$0.00 |
|
Current Distribution Date |
06/17/2022 |
$0.00 |
|
Loan Custodial Account |
||
|
Prior Distribution Date |
05/17/2022 |
$0.00 |
|
Current Distribution Date |
06/17/2022 |
$0.00 |
Computershare Trust Company, N.A., as agent for Wells Fargo Bank, N.A., in its capacity as Certificate Administrator for CSAIL 2016-C5 Commercial Mortgage Trust, affirms the following amounts in the respective accounts:
|
Distribution Account Balance |
||
|
Prior Distribution Date |
05/17/2022 |
$3,475.90 |
|
Current Distribution Date |
06/17/2022 |
$3,587.25 |
|
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.
Credit Suisse Commercial Mortgage Securities Corp.
(Depositor)
/s/ Julia C. Powell
Julia C. Powell, President and CEO
Date: June 30, 2022