WFCM 2016-LC24 - Charts and Resources
Data discoverability for CMBS deal WFCM 2016-LC24 updated as of 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.| Role | Party |
|---|---|
| Rating Agencies | Moodys, Fitch, KBRA |
| Controlling Class | Prime Finance CMBS B-Piece Holdco IV, L.P. |
| Special Servicer | Midland Loan Services |
| Master Servicer | Trimont Real Estate Advisors |
| Co-op Master Servicer | National Cooperative Bank, N.A. |
| Operating Advisor | BellOak |
| Certificate Administrator | Computershare Trust Company, N.A. |
| Co-op Special Servicer | National Cooperative Bank, N.A. |
| Special Servicer | LNR Partners |
| Master Servicer | Wells Fargo Bank, National Association |
| Certificate Administrator | Wells Fargo Bank, N.A. |
| Operating Advisor | Trimont Real Estate Advisors |
| Depositor | Wells Fargo Commercial Mortgage Securities, Inc. |
| Operating Advisor | BellOak |
| Operating Advisor | Trimont Real Estate Advisors |
Deal Metrics
Key performance indicators and statistics tracking the deal's current status and history.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.* 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.
Deal Documents
Links to the deal documents for WFCM 2016-LC24.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.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.
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.
* The tagged date represents the date of the Edgar sec.gov filing.
* For full disclosures, please visit our disclosures page.
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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.
CREFC IRP standardized datasets
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