WFCM 2016-LC24 - Charts and Resources
Data discoverability for CMBS deal WFCM 2016-LC24 updated as of 2025-05-30.
2025-05-30
Deal Overview
Wells Fargo Commercial Mortgage Trust 2016-LC24's issuance is a U.S. CMBS transaction issued from the WF shelf.Rating AgenciesMoodys, Fitch, KBRA
Controlling ClassPrime Finance CMBS B-Piece Holdco IV, L.P.
Operating AdvisorTrimont Real Estate Advisors
Co-op Master ServicerNational Cooperative Bank, N.A.
Operating AdvisorBellOak
Certificate AdministratorComputershare Trust Company, N.A.
Co-op Special ServicerNational Cooperative Bank, N.A.
Special ServicerLNR Partners
Master ServicerWells Fargo Bank, National Association
Certificate AdministratorWells Fargo Bank, N.A.
Operating AdvisorTrimont Real Estate Advisors
Special ServicerMidland Loan Services
Master ServicerTrimont Real Estate Advisors
DepositorWells Fargo Commercial Mortgage Securities, Inc.
Operating AdvisorBellOak
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Deal Metrics
Key performance indicators and statistics tracking the deal's current status and history.Deal metrics are coming soon. Check back later for detailed performance data.
Fund Holdings
Explore a list of funds that include WFCM 2016-LC24 bonds in their portfolios, sourced directly from the most recent NPORT-P filings on EDGAR SEC.gov. The funds in this table should have a reporting period end date in the future which means the holdings are current as of the most recent filing.* This table is not yet exhaustive. It is a new feature and contains only the funds we have found so far based on the tranche identifiers we know about. We are still working on it!
* The FIGI Search url provided for each fund will link you to the OpenFIGI search page to lookup FIGI identifiers.
* Reporting Period represents the reporting period end date from the NPORT-P filing.
* For full disclosures, please visit our disclosures page.
* The FIGI Search url provided for each fund will link you to the OpenFIGI search page to lookup FIGI identifiers.
* Reporting Period represents the reporting period end date from the NPORT-P filing.
* For full disclosures, please visit our disclosures page.
Recent Commentary
Special servicers provide regular updates on the status of troubled loans. Below are recent comments from special servicing reports filed with sec.gov EDGAR for WFCM 2016-LC24, giving insights into the current situation and actions being taken.💬 Servicer Commentary
2025-01-02
Mahesh Desai
Prospectus ID: 40
Loan transferred to SS on 6/28/2024 for imminent default due to Borrower's failure to complete the required PIP work by May 1, 2024. Lender previously extended Borrower relief for CoVID-19 related impact and then a forbearance agreement. Subject is a 97-key full-service branded Holiday Inn and Suites in Beaufort, SC. Lender continue to dual track forbearance discussions with Borrower and discuss/review PIP progress.
💬 Servicer Commentary
2025-01-02
Rodney C. Freeman
Prospectus ID: 15
REO Title Date: 10/4/2022. The Property is comprised of two parcels of land that is approx. 9.13 acres in size. The Property is designed and used for multi-tenant office and retail purposes. One Corporate Plaza consists of a 6-story office building and a two-level parking garage that were constructed in 1984. Two Corporate Plaza consists of an 8-story office building, one-story retail building and one 3-level parking garage that were constructed in 1989. The Property is located in the Clear akes market of Houston. Crossed with or Companion Loan: Pari Passu loan in WFCM 2016-C36. Deferred Maintenance: Most deferred maintenance issues have been addressed or are in the process of being completed, including fire panel replacement, partial roof replacement and elevator modernization. All chillers have been replaced by the Receiver before the REO title date. Common areas updates are almost complete. Leasing Summary: Approx. six lease renewals have been completed with an aggregate of 28,753 SF. Three new leases with an aggregate of 22K SF have been completed. Marketing Summary: The property is currently not listed for sale.
* This list shows only a few of the most recent special servicing commentaries. We are continuously updating our coverage!
* The tagged date represents the date of the Edgar sec.gov filing.
* For full disclosures, please visit our disclosures page.
* The tagged date represents the date of the Edgar sec.gov filing.
* For full disclosures, please visit our disclosures page.
Get some data
Access the underlying datasets used to power these analytics.
CMBS Fund Holdings Dataset
Filing data from sec.gov NPORT-P to produce the Fund Holdings table.
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CREFC IRP standardized datasets
Get the standardized dataset following the CREFC IRP format, ideal for advanced reporting and analysis.
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