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

April 12, 2021
Date of Report (Date of Earliest Event Reported)

Central Index Key Number of the issuing entity:  0001675928
SG Commercial Mortgage Securities Trust 2016-C5
(Exact name of issuing entity)

Central Index Key Number of the registrant:  0001641120
SG Commercial Mortgage Securities, LLC
(Exact name of registrant as specified in its charter)

c/o Wells Fargo Bank, National Association
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices of the issuing entity)

(212) 278-6263
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:

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.

On the Distribution Date on April 12, 2021, the Certificate Administrator made distributions to the Certificateholders. On April 12, 2021, after the distribution, the Certificate Administrator was notified by the Special Servicer that the loan identified as 534 Holland had prepaid prior to the Distribution Date but such prepayment had not been reflected in the files provided to the Certificate Administrator. As a result the holders of the Class A-1 and Class A-2 Certificates did not receive their full required distributions on the Distribution Date. This resulted in a revision to the April 12, 2021 distribution to the holders of the Class A-1 and A-2 Certificates in the amounts of $415.61 and $2,895,260.92, respectively and the Certificate Administrator sent payments to such holders on April 13, 2021.

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.

SG Commercial Mortgage Securities, LLC
(Depositor)