Citigroup Commercial Mortgage Trust 2016-C3 Announces Special Servicer Change

What Happened
Citigroup Commercial Mortgage Trust 2016-C3 filed an 8-K (Item 8.01) announcing that Greystone Servicing Company LLC sold substantially all assets of its special servicing division and that C‑IV Asset Management LLC has assumed Greystone’s duties as special servicer under the MSC 2016-BNK2 pooling and servicing agreement, effective September 1, 2026. The change affects the servicing of the 101 Hudson mortgage loan, an asset of the trust. An Assignment and Assumption Agreement (Special Servicing) dated September 1, 2026 is attached as Exhibit 20.1 to the filing.

Key Details

• Effective date: September 1, 2026.
• Asset affected: the 101 Hudson mortgage loan held by Citigroup Commercial Mortgage Trust 2016-C3.
• Transfer: Greystone Servicing Company LLC sold and conveyed substantially all assets of its special servicing division to C‑IV Asset Management LLC.
• Documentation: Assignment and Assumption Agreement (Special Servicing) filed as Exhibit 20.1 to the 8-K.

Why It Matters
The special servicer handles workout, default and enforcement decisions for troubled loans and can influence timing and amount of cash flows to certificateholders. This filing notifies investors of the official change in the party responsible for those duties for the 101 Hudson loan and provides the assignment agreement for review.