{"url_path":"/sec/cik-0001691198/8-k/2026-07-09/item-6-02","section_key":"item-6-02","section_title":"Item 6.02 Change of Servicer or Trustee.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-09","source_url":"https://www.sec.gov/Archives/edgar/data/1691198/0001888524-26-012460-index.html","accession_number":"0001888524-26-012460","cik":"0001691198","ticker":null,"issuer_name":"CSMC 2016-NXSR Commercial Mortgage Trust","edgar_url":"https://www.sec.gov/Archives/edgar/data/1691198/0001888524-26-012460-index.html","primary_entity_key":"0001691198","primary_entity_name":"CSMC 2016-NXSR Commercial Mortgage Trust"},"word_count":1839,"has_tables":true,"body_markdown":"**Item 6.02 Change of Servicer or Trustee.**\n\nPursuant to Section 7.01(d) of the pooling and\nservicing agreement, dated as of December 1, 2016 (the “Pooling and\nServicing Agreement”), among Credit Suisse Commercial Mortgage Securities\nCorp., as depositor, Trimont LLC, as successor to Wells Fargo Bank, National\nAssociation , as master servicer, Greystone Servicing Company LLC (“Greystone”),\nas successor to Torchlight Loan Services, LLC, as special servicer,\nComputershare Trust Company, National Association, acting as an agent for Wells\nFargo Bank, National Association, as certificate administrator, Wilmington\nTrust, National Association, as trustee, and Park Bridge Lender Services LLC,\nas operating advisor and as asset representations reviewer, relating to the\nissuing entity known as CSMC 2016-NXSR Commercial Mortgage Trust (the “Issuing\nEntity”), effective as of July 9, 2026, Greystone was removed as special\nservicer and Midland Loan Services, A Division of PNC Bank, National\nAssociation (“Midland”), a national banking association, was appointed\nas the successor special servicer (except with respect to any Non-Serviced\nMortgage Loan and any Excluded Loan). In its capacity as special servicer,\nMidland will be responsible for the servicing and administration of the\nSpecially Serviced Loans and REO Properties pursuant to the Pooling and\nServicing Agreement (except with respect to any Non-Serviced Mortgage Loan and\nany Excluded Loan), a copy of which was filed as Exhibit 4.1 to the Current\nReport on Form 8-K/A filed by the Issuing Entity with the Securities and\nExchange Commission on February 2, 2017.\n\nCapitalized terms used, but not defined, in this\nCurrent Report on Form 8‑K have the meanings set forth in the Pooling and\nServicing Agreement.\n\nMidland Loan Services, a division of PNC Bank, National Association\n\nMidland is being appointed as the successor special servicer and in this\ncapacity will be responsible for the servicing and administration of the\nSpecially Serviced Loans and REO Properties pursuant to the Pooling and\nServicing Agreement.\n\nMidland’s\nprincipal servicing office is located at 10851 Mastin Street, Building 82,\nSuite 300, Overland Park, Kansas 66210.\n\nMidland is a commercial financial services company\nthat provides loan servicing and asset management for large pools of commercial\nand multifamily real estate assets. Midland is approved as a master\nservicer, special servicer and primary servicer for investment-grade commercial\nmortgage-backed securities (“CMBS”) by S&P Global Ratings (“S&P”),\nMoody’s Investors Service, Inc., Fitch Ratings, Inc., DBRS, Inc. (“DBRS\nMorningstar”) and Kroll Bond Rating Agency, LLC. Midland has received rankings\nas a master, primary and special servicer of real estate assets under U.S. CMBS\ntransactions from S&P, Fitch and DBRS Morningstar. For each category,\nS&P ranks Midland as “Strong”. DBRS Morningstar ranks Midland as “MOR CS2”\nfor master servicer, “MOR CS1” for primary servicer, and “MOR CS1” for special\nservicer. Fitch ranks Midland as “CMS2+” for master servicer, “CPS2+” for\nprimary servicer, and “CSS2+” for special servicer. Midland is also a\nHUD/FHA-approved mortgagee and a Fannie Mae-approved multifamily loan servicer.\n\nMidland has\ndetailed operating procedures across the various servicing functions to\nmaintain compliance with its servicing obligations and the servicing standards\nunder Midland’s servicing agreements, including procedures for managing\ndelinquent and specially serviced loans. The policies and procedures are\nreviewed annually and centrally managed.\n\nFurthermore, Midland’s business continuity and disaster recovery\nplans are reviewed and tested annually. While Midland operates under a\nwork from home strategy for certain personnel, Midland's policies,\noperating procedures and business continuity plan contemplate and provide the\nmechanism for any Midland personnel currently working in the office to\ntransition to work from home as determined by management to comply with changes\nin federal, state or local laws, regulations, executive orders, other requirements\nand/or guidance, to address health and/or other concerns related to a pandemic\nor other significant event or to address market or other business purposes.\n\nIn accordance with the Pooling and Servicing\nAgreement, Midland has engaged (or may in the future engage) one or more\nthird-party vendors and/or affiliates to support Midland’s performance of\ncertain duties and/or obligations under the Pooling and Servicing Agreement,\nincluding, but not limited to, with respect to one or more of the following\ntasks:\n\nconverting\nand de-converting loans to or from the servicing system and setting up any\napplicable cash management waterfall;\n\ncalculating certain amounts such as principal and\ninterest payments, default interest, deferred interest, rent escalations,\nfinancial statement penalty fees, payoff amounts and other ad hoc items;\n\ncalculating\nremittances and allocated loan and appraisal reduction amounts and\npreparing remittance reports and other related reports, including Schedule\nAL;\n\nadministering\ncertain aspects relating to reserve account disbursement requests;\n\nassisting\nwith the collection of financial/operating statements and rent rolls and\nperforming operating statement and rent roll spreading activities;\n\nmonitoring\ncovenant compliance and occupancy and tenant-related triggers, completing\ncertain covenant calculations, tests and related analyses and identifying\nloans for Midland to proceed with cash management implementation;\n\nUCC,\ntax and insurance-related researching, monitoring, filing, reporting,\ncollecting and tracking, and lien release filing and tracking;\n\nperforming\nproperty inspections and preparing the related property inspection\nreports;\n\n· updating of the servicing system periodically with certain\ninformation, such as with respect to borrower, collateral, loan terms, escrows,\nreserves, covenants, loan-level transactions (i.e., amendments, assumptions,\ndefeasances, etc.) and servicing fees;\n\nprocessing\nloan and bring current statements and updating receivables;\n\nper\nMidland’s requirements, generating certain correspondence including hello\nletters, missed payment letters, financial statement demand letters and\nevent of default letters; and\n\none\nor more additional tasks assigned by Midland; provided, however, such\ntasks will not include holding or collecting funds or performing asset\nmanagement (other than document review and preparation in support of\nMidland’s asset managers’ processing of certain asset management\ntransactions).\n\nNotwithstanding the foregoing, Midland will remain\nresponsible for Midland’s duties and/or obligations under the Pooling and\nServicing Agreement. Midland monitors and oversees its third-party vendors in\ncompliance with its internal procedures, the Pooling and Servicing Agreement\nand applicable law.\n\nMidland will not have primary responsibility for\ncustody services of original documents evidencing the underlying Mortgage\nLoans. Midland may from time to time have custody of certain of such documents\nas necessary for enforcement actions involving particular Mortgage Loans or\notherwise. To the extent that Midland has custody of any such documents for any\nsuch servicing purposes, such documents will be maintained in a manner\nconsistent with the Servicing Standard.\n\nNo\nsecuritization transaction involving commercial or multifamily mortgage loans\nin which Midland was acting as master servicer, primary servicer or special\nservicer has experienced a servicer event of default as a result of any action\nor inaction of Midland as master servicer, primary servicer or special\nservicer, as applicable, including as a result of Midland's failure to comply\nwith the applicable servicing criteria in connection with any securitization\ntransaction. Midland has made all advances required to be made by it under the\nservicing agreements on the commercial and multifamily mortgage loans serviced\nby Midland in securitization transactions.\n\nFrom time-to-time Midland is a party to lawsuits and\nother legal proceedings as part of its duties as a loan servicer (e.g.,\nenforcement of loan obligations) and/or arising in the ordinary course of\nbusiness. Midland does not believe that any such lawsuits or legal proceedings\nwould, individually or in the aggregate, have a material adverse effect on its\nbusiness or its ability to service Mortgage Loans pursuant to the Pooling and\nServicing Agreement.\n\nMidland\ncurrently maintains an Internet-based investor reporting system, CRE Servicing\nInsight®, that contains performance information at the portfolio,\nloan and property levels on the various commercial mortgage-backed securities\ntransactions that it services. Certificateholders, prospective transferees of\nthe certificates and other appropriate parties may obtain access to CRE\nServicing Insight® through Midland's website at www.pnc.com/midland.\nMidland may require registration and execution of an access agreement in\nconnection with providing access to CRE Servicing Insight®.\n\nAs of March 31,\n2026, Midland was named the special servicer in approximately 296 commercial\nmortgage-backed securities transactions with an aggregate outstanding principal\nbalance of approximately $104 billion. With\nrespect to such commercial mortgage-backed securities transactions as of such\ndate, Midland was administering approximately 208 assets with an outstanding\nprincipal balance of approximately $5.2 billion.\n\nFrom time to time, Midland and/or its affiliates may purchase or\nsell securities, including, certificates issued in connection with this\nsecuritization in the secondary market.\n\nMidland****has been servicing mortgage loans in CMBS transactions since\n1992. The table below contains information on the size of the portfolio\nof commercial and multifamily loans and leases in CMBS and other servicing\ntransactions for which Midland has acted as master and/or primary servicer from\n2023 to 2025.\n\nPortfolio Size –\nMaster/Primary Servicing\n\nCalendar Year End\n\n(Approximate amounts in billions)\n\n2023\n\n2024\n\n2025\n\nCMBS\n\n$336\n\n$347\n\n$352\n\nOther\n\n$244\n\n$173\n\n$156\n\nTotal\n\n$580\n\n$521\n\n$508\n\nMidland has acted as a special servicer for commercial and multifamily mortgage\nloans in CMBS transactions since 1992. The table below contains information on\nthe size of the portfolio of specially serviced commercial and multifamily\nloans, leases and REO properties that have been referred to Midland as special\nservicer in CMBS transactions from 2023 to 2025.\n\nPortfolio Size –Special\nServicing\n\nCalendar Year End\n\n(Approximate amounts in billions)\n\n2023\n\n2024\n\n2025\n\nTotal\n\n$119\n\n$118\n\n$105\n\nMidland may enter into one or more arrangements with the Directing\nCertificateholder, a Controlling Class Certificateholder, any directing\ncertificateholder, any Companion Holder, the other Certificateholders (or an\naffiliate or a third-party representative of one or more of the preceding) or\nany other person with the right to appoint or remove and replace the special\nservicer to provide for (i) a discount, waiver and/or revenue sharing with\nrespect to certain of the special servicer compensation and/or (ii) certain\nservices, in each case, in consideration of, among other things, Midland’s\nappointment (or continuance) as special servicer under the Pooling and Servicing Agreement and any related co-lender agreement and limitations on the right of\nsuch person to remove the special servicer.\n\nPNC Bank and its affiliates may use some of the same service\nproviders (e.g., legal counsel, accountants and appraisal firms) as are\nretained on behalf of the Issuing Entity. In some cases, fee rates,\namounts or discounts may be offered to PNC Bank and its affiliates by a third\nparty vendor which differ from those offered to the Issuing Entity as a result\nof scheduled or ad hoc rate changes, differences in the scope, type or nature\nof the service or transaction, alternative fee arrangements, and negotiation by\nPNC Bank or its affiliates other than Midland.\n\nThe\nforegoing information concerning the successor Special Servicer has been\nprovided by Midland. Midland does not make any representations as to the\nvalidity or sufficiency of the Pooling and Servicing Agreement (other than as\nto it being a valid obligation of Midland as Special Servicer), the\nCertificates with respect to the Issuing Entity,\nthe Mortgage Loans held by the Issuing Entity\nor any related documents.\n\n**SIGNATURES**\n\nPursuant to the requirements of the Securities Exchange Act of 1934, the\nregistrant has duly caused this report to be signed on its behalf by the\nundersigned hereunto duly authorized.\n\nCredit Suisse Commercial Mortgage Securities Corp.\n\n(Depositor)\n\n/s/ Dmitriy Kogan\n\nDmitriy Kogan, Authorized Signatory\n\nDate: July 9, 2026\n\n/s/ Russell Moy\n\nRussell Moy, Authorized Signatory\n\nDate: July 9, 2026"}