For the monthly distribution period from: March 13, 2024 to April 12, 2024
Commission File Number of issuing entity: 333-207074-01
Central Index Key Number of issuing entity: 0001675928
SG Commercial
Mortgage Securities Trust 2016-C5
(Exact name of issuing entity as specified in its charter)
Commission File Number of depositor: 333-207074
Central Index Key Number of depositor: 0001641120
SG Commercial
Mortgage Securities, LLC
(Exact name of depositor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001238163
Société
Générale
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001558761
Cantor
Commercial Real Estate Lending, L.P.
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001542256
Natixis Real
Estate Capital LLC
(Exact name of sponsor as specified in its charter)
Central Index Key Number of sponsor (if applicable): 0001632269
Benefit Street
Partners CRE Finance LLC
(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)
Jim Barnard (212) 278-6263
(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)
38-4006840
38-4006841
38-7145147
(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)
(667) 786-1992
(Telephone number, including area code)
Not Applicable
(Former name, former address, if changed since last report)
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Title of Class |
Section 12(b) |
Section 12(g) |
Section 15(d) |
Name of Exchange (If Section 12(b)) |
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A-1 |
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X |
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A-2 |
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X |
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A-3 |
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X |
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A-4 |
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X |
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A-SB |
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X |
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A-M |
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X |
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B |
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X |
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C |
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X |
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X-A |
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X |
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X-B |
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X |
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X-C |
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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 April 12, 2024 a distribution was made to holders of the certificates issued by SG Commercial Mortgage Securities Trust 2016-C5.
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 SG Commercial Mortgage Securities Trust 2016-C5 in accordance with Item 1100(b) as required by Item 1121(a)(9) of Regulation AB:
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Number of Delinquencies 30+ days |
% of Delinquencies 30+ days by Pool Balance |
Number of Loans/REOs with Losses |
Average Net Loss |
|
1 |
1.29% |
7 |
$1,650,234.95 |
No assets securitized by SG Commercial Mortgage Securities, LLC (the "Depositor") and held by SG Commercial Mortgage Securities Trust 2016-C5 were the subject of a demand to repurchase or replace for breach of the representations and warranties contained in the underlying transaction documents during the monthly distribution period from March 13, 2024 to April 12, 2024 and there is no repurchase activity to report for that period.
The Depositor filed its latest Form ABS-15G on February 9, 2024. The CIK number for the Depositor is 0001641120.
Société Générale filed its most recent Form ABS-15G on February 9, 2024. The CIK number of Société Générale is 0001238163.
Cantor Commercial Real Estate Lending, L.P. filed its most recent Form ABS-15G on February 1, 2024. The CIK number of Cantor Commercial Real Estate Lending, L.P. is 0001558761.
Natixis Real Estate Capital LLC filed its most recent Form ABS-15G on February 14, 2024. The CIK number of Natixis Real Estate Capital LLC is 0001542256.
Benefit Street Partners CRE Finance LLC filed its most recent Form ABS-15G on February 14, 2024. The CIK number of Benefit Street Partners CRE Finance LLC is 0001632269.
Argentic Real Estate Finance LLC (formerly known as Silverpeak Real Estate Finance LLC) filed its most recent Form ABS-15G on February 5, 2024. The CIK number of Argentic Real Estate Finance LLC (formerly known as Silverpeak Real Estate Finance LLC) is 0001624053.
Part II - OTHER INFORMATION
Item 9. Other Information.
Wells Fargo Bank, N.A., in its capacity as Master Servicer for SG Commercial Mortgage Securities Trust 2016-C5, affirms the following amounts in the respective accounts:
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Collection Account Beginning and Ending Balance |
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Prior Distribution Date |
03/12/2024 |
$1,402.83 |
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Current Distribution Date |
04/12/2024 |
$13,589.87 |
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*REO Account Beginning and Ending Balance |
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Prior Distribution Date |
03/12/2024 |
$0.00 |
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Current Distribution Date |
04/12/2024 |
$0.00 |
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*As provided by Special Servicer |
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Computershare Trust Company, N.A., as agent for Wells Fargo Bank, N.A., in its capacity as Certificate Administrator for SG Commercial Mortgage Securities Trust 2016-C5, affirms the following amounts in the respective accounts:
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Distribution Account Balance |
||
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Prior Distribution Date |
03/12/2024 |
$3,675.45 |
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Current Distribution Date |
04/12/2024 |
$3,936.12 |
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Interest Reserve Account Balance |
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Prior Distribution Date |
03/12/2024 |
$0.00 |
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Current Distribution Date |
04/12/2024 |
$0.00 |
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Gain-on-Sale Reserve Account Balance |
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Prior Distribution Date |
03/12/2024 |
$0.00 |
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Current Distribution Date |
04/12/2024 |
$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.
SG Commercial Mortgage Securities, LLC
(Depositor)
/s/ Jim Barnard
Jim Barnard, Vice President
Date: April 23, 2024