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

Date of Report (Date of earliest event reported)     December 22, 2016                                  

Citigroup Commercial Mortgage Trust 2016-C3

(Exact name of issuing entity)

(Central Index Key number of issuing entity: 0001687605)

Citigroup Commercial Mortgage Securities Inc.

(Exact name of the depositor as specified in its charter)

(Central Index Key number of depositor: 0001258361)

Citigroup Global Markets Realty Corp.

(Central Index Key number: 0001541001)

Barclays Bank PLC

(Central Index Key number: 0000312070)

Cantor Commercial Real Estate Lending, L.P.

(Central Index Key number: 0001558761)

Rialto Mortgage Finance, LLC

(Central Index Key number: 0001592182)

(Exact name of sponsors as specified in their charters)

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:

Item 1.01.          Entry into a Material Definitive Agreement.

On November 17, 2016 (the “Closing Date”), Citigroup Commercial Mortgage Trust 2016-C3 (the “Issuing Entity”) issued the Citigroup Commercial Mortgage Trust 2016-C3, Commercial Mortgage Pass-Through Certificates, Series 2016-C3, pursuant to a Pooling and Servicing Agreement, dated as of November 1, 2016 (the “Pooling and Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer, Rialto Capital Advisors, LLC, as special servicer, Trimont Real Estate Advisors, LLC, as operating advisor and asset representations reviewer, Citibank, N.A., as certificate administrator, and Deutsche Bank Trust Company Americas, as trustee. The Pooling and Servicing Agreement was filed as Exhibit 4.1 to the Current Report on Form 8-K with respect to the Issuing Entity, dated November 17, 2016 and filed with the Securities and Exchange Commission (the “Commission”) on November 17, 2016. Capitalized terms used but not defined herein shall have the meanings assigned to them in the Pooling and Servicing Agreement.

As of the Closing Date, the Quantum Park Loan Combination was required to be serviced and administered pursuant to the Pooling and Servicing Agreement.

On December 22, 2016, the Quantum Park Controlling Pari Passu Companion Loan was contributed to the commercial mortgage securitization transaction involving the issuance of the Wells Fargo Commercial Mortgage Trust 2016-C37, Commercial Mortgage Pass-Through Certificates, Series 2016-C37 (the “WFCM 2016-C37 Certificates”). Upon the issuance of the WFCM 2016-C37 Certificates, the servicing and administration of the Quantum Park Loan Combination is required to be transferred from the Pooling and Servicing Agreement to the pooling and servicing agreement governing the issuance of the WFCM 2016-C37 Certificates, dated as of December 1, 2016 (the “WFCM 2016-C37 Pooling and Servicing Agreement”), between Wells Fargo Commercial Mortgage Securities, Inc., as depositor (the “WFCM 2016-C37 Depositor”), Wells Fargo Bank, National Association, as master servicer and certificate administrator, LNR Partners, LLC, as special servicer, Wilmington Trust, National Association, as trustee, and Trimont Real Estate Advisors, LLC, as operating advisor and asset representations reviewer.

The WFCM 2016-C37 Pooling and Servicing Agreement, in the form most recently filed with the Commission by or on behalf of the WFCM 2016-C37 Depositor, is attached hereto as Exhibit 4.1.

Item 9.01.          Financial Statements and Exhibits.

(d)       Exhibits

Pursuant to the requirements of the Securities Exchange Act of 1934, the depositor has caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

CGCMT 2016-C3 – Form 8-K

INDEX TO EXHIBITS