UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

December 8, 2020
Date of Report (Date of Earliest Event Reported)

Central Index Key Number of the issuing entity:  0001666156
JPMBB Commercial Mortgage Securities Trust 2016-C1
(Exact name of issuing entity)

Central Index Key Number of the registrant:  0001013611
J.P. Morgan Chase Commercial Mortgage Securities Corp.
(Exact name of registrant as specified in its charter)

Central Index Key Number of the sponsor:  0000835271
JPMorgan Chase Bank, National Association
(Exact name of sponsor as specified in its charter)

Central Index Key Number of the sponsor:  0000312070
Barclays Bank PLC
(Exact name of sponsor as specified in its charter)

Central Index Key Number of the sponsor:  0001682523
Starwood Mortgage Funding II LLC
(Exact name of sponsor as specified in its charter)

Central Index Key Number of the sponsor:  0001567746
Redwood Commercial Mortgage Corporation
(Exact name of sponsor as specified in its charter)

New York

 

333-206361-02

 

38-3991336
38-3991337
38-7145094

(State or other jurisdiction of incorporation of issuing entity)

 

(Commission File Number of issuing entity)

 

(I.R.S. Employer Identification Numbers)

 

c/o Wells Fargo Bank, National Association
9062 Old Annapolis Road
Columbia, MD 21045

(Address of principal executive offices of the issuing entity)

(212) 834-9708
Registrant's Telephone number, including area code

Former name or former address, if changed since last report:  Not Applicable

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b))

  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

 

 

 

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

  Emerging growth company

  If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised Financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 


 

 

Item 8.01 Other Events.

The 5 Penn Plaza Mortgage Loan, which constituted approximately 7.6% of the asset pool of the issuing entity as of its cut-off date, is an asset of the issuing entity and is part of a loan combination that is being serviced and administered under the pooling and servicing agreement, dated as of February 1, 2016, relating to the CGCMT 2016-GC36 Mortgage Trust transaction, filed as Exhibit 4.2 to the Current Report on Form 8-K filed on March 15, 2016 (the “CGCMT 2016-GC36 PSA”).  Effective December 8, 2020, pursuant to Section 6.08(a) of the CGCMT 2016-GC36 PSA, Wells Fargo Bank, National Association was removed as special servicer of the 5 Penn Plaza Mortgage Loan and Greystone Servicing Company LLC (“Greystone”), a Delaware limited liability company, was appointed as the successor special servicer of the 5 Penn Plaza Mortgage Loan under the CGCMT 2016-GC36 PSA.

In the interest of transaction management, this Form 8-K is being filed to record that, effective as of December 8, 2020, the 5 Penn Plaza Mortgage Loan will be specially serviced, if necessary, pursuant to the CGCMT 2016-GC36 PSA, by Greystone. Greystone maintains its principal place of business at 419 Belle Air Lane, Warrenton, Virginia 20186 and its principal commercial mortgage special servicing offices at 5221 N. O'Connor Blvd., Suite 800, Irving, Texas 75039.

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 hereunto duly authorized.

J.P. Morgan Chase Commercial Mortgage Securities Corp.
(Depositor)

 

/s/ Bradley J. Horn
Bradley J. Horn, Executive Director

Date:  December 8, 2020