other material
confidence high
sentiment neutral
materiality 0.50
CFCRE 2016-C3 trust receives late loan payoff; additional principal of $33.2M to be distributed
CFCRE 2016-C3 Mortgage Trust
- Master Servicer notified on Jan 23, 2026 of late payoff of One Commerce Plaza Mortgage Loan (Loan Number 6).
- Initial distributions on Jan 12, 2026 missed this payment; funds received subsequently.
- Additional principal of $2,909,363.26 due to Class B certificateholders.
- Additional principal of $30,332,344.18 due to Class C certificateholders.
- Payment adjustments expected by the next distribution date.