Wells Fargo Commercial Mortgage Trust 2016-C36 Reports Special Servicer Change

What Happened
Wells Fargo Commercial Mortgage Trust 2016-C36 filed a Form 8-K (Item 8.01) to report that LNR Partners, LLC was removed as general special servicer for the Central Park Retail Mortgage Loan and the One & Two Corporate Plaza Mortgage Loan, and Argentic Services Company LP (ASC) was appointed successor general special servicer under the WFCMT 2016-LC24 pooling and servicing agreement (PSA). The change is effective August 28, 2026. Both loans are assets of the issuing entity and are part of a loan combination serviced under the WFCMT 2016-LC24 PSA.

Key Details

• Central Park Retail Mortgage Loan represented approximately 2.3% of the issuing entity’s asset pool as of the cut-off date; One & Two Corporate Plaza Mortgage Loan represented approximately 0.8%.
• The appointment and removal were made pursuant to Section 7.01(d) of the WFCMT 2016-LC24 PSA dated September 1, 2016.
• Successor general special servicer: Argentic Services Company LP (ASC); principal office: 740 E. Campbell Road, Suite 600, Richardson, TX 75081; phone: 469-609-2000.
• Effective date of special servicing by ASC (if necessary): August 28, 2026.

Why It Matters
This filing documents an operational change in who will handle special servicing duties for two mortgage loans in the trust. Special servicer changes can affect how problem loans are managed or resolved, but the filing notes these loans remain assets of the issuing entity and comprise a relatively small portion of the pool (about 3.1% combined), suggesting limited direct impact on overall trust cash flows. The report is primarily informational for investors tracking servicer responsibilities and potential loan work-outs.