FILED PURSUANT TO RULE 424(h) | ||
REGISTRATION FILE NO.: 333-207361-02 | ||
SUPPLEMENT
(To Prospectus Dated May 11, 2016)
$662,900,000 (Approximate)
CSAIL 2016-C6 Commercial Mortgage Trust
(Central Index Key Number 0001672609)
as Issuing Entity
Credit Suisse Commercial Mortgage Securities Corp.
(Central Index Key Number 0001654060)
as Depositor
Column Financial, Inc.
(Central Index Key Number 0001628601)
Benefit Street Partners CRE Finance LLC
(Central Index Key Number 0001632269)
The Bank of New York Mellon
(Central Index Key Number 0001497973)
MC-Five Mile Commercial Mortgage Finance LLC
(Central Index Key Number 0001576832)
The Bancorp Bank
(Central Index Key Number 0001505494)
as Sponsors and Mortgage Loan Sellers
Commercial Mortgage Pass-Through Certificates, Series 2016-C6
This is a supplement to the prospectus dated May 11, 2016 (the “Preliminary Prospectus”). Capitalized terms used in this supplement but not defined herein have the meanings given to them in the Preliminary Prospectus.
Collateral Updates
1. | Mission Ridge |
With respect to the Mortgaged Property identified on Annex A-1 to the Preliminary Prospectus as Mission Ridge, the table titled “Lease Rollover Schedule” on page A-2-99 of the Preliminary Prospectus is replaced in its entirety with the following:
Year | |||||||||
Number of Leases Expiring | NRA Expiring | % of NRA Expiring | Base Rent Expiring | % of Base Rent Expiring | Cumulative NRA Expiring | Cumulative % of NRA Expiring | Cumulative Base Rent Expiring | Cumulative % of Base Rent Expiring | |
Vacant | NAP | 19,764 | 6.4% | NAP | NAP | 19,764 | 6.4% | NAP | NAP |
MTM | 0 | 0 | 0.0 | $0 | 0.0% | 19,764 | 6.4% | $0 | 0.0% |
2016 | 0 | 0 | 0.0 | 0 | 0.0 | 19,764 | 6.4% | $0 | 0.0% |
2017 | 0 | 0 | 0.0 | 0 | 0.0 | 19,764 | 6.4% | $0 | 0.0% |
2018 | 1 | 1,791 | 0.6 | 54,428 | 0.6 | 21,555 | 6.9% | $54,428 | 0.6% |
2019 | 1 | 18,044 | 5.8 | 555,214 | 6.1 | 39,599 | 12.7% | $609,642 | 6.7% |
2020 | 0 | 0 | 0.0 | 0 | 0.0 | 39,599 | 12.7% | $609,642 | 6.7% |
2021 | 0 | 0 | 0.0 | 0 | 0.0 | 39,599 | 12.7% | $609,642 | 6.7% |
2022 | 6 | 96,103 | 30.9 | 2,937,157 | 32.4 | 135,702 | 43.7% | $3,546,799 | 39.2% |
2023 | 2 | 175,000 | 56.3 | 5,512,500 | 60.8 | 310,702 | 100.0% | $9,059,299 | 100.0% |
2024 | 0 | 0 | 0.0 | 0 | 0.0 | 310,702 | 100.0% | $9,059,299 | 100.0% |
2025 | 0 | 0 | 0.0 | 0 | 0.0 | 310,702 | 100.0% | $9,059,299 | 100.0% |
2026 & Beyond | 0 | 0 | 0.0 | 0 | 0.0 | 310,702 | 100.0% | $9,059,299 | 100.0% |
Total | 10 | 310,702 | 100.0% | $9,059,299 | 100.0% |
Credit Suisse |
Lead Manager and Sole Bookrunner |
Academy Securities Co-Manager |
The date of this Supplement is May 13, 2016 |
2. | West LA Office - 2730 Wilshire |
With respect to the Mortgaged Property identified on Annex A-1 to the Preliminary Prospectus as West LA Office – 2730 Wilshire, the largest tenant, Schaffell Development Co., representing 10,091 SF and 17.3% of the net rentable area, as part of its ongoing business strategy since 2001, subleases its space to various medical and healthcare professionals. Schaffell Development Co. leases space at other locations under a similar business model.
-2-