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): April 3, 2023
Central Index Key Number of the issuing entity: 0001681906
Morgan Stanley Bank of America Merrill Lynch Trust 2016-C30
(Exact name of issuing entity)
Central Index Key Number of the registrant: 0001547361
Morgan Stanley Capital I Inc.
(Exact name of registrant as specified in its charter)
Central Index Key Number of the sponsor: 0001541557
Morgan Stanley Mortgage Capital Holdings LLC
Central Index Key Number of the sponsor: 0001102113
Bank of America, National Association
Central Index Key Number of the sponsor: 0001682532
Starwood Mortgage Funding III LLC
Central Index Key Number of the sponsor: 0001548567
CIBC Inc.
(Exact names of sponsors as specified in their charters)
| 38-4014685 | ||
| 38-4014686 | ||
| Delaware | 333-206582-04 | 38-7170456 |
| (State or Other Jurisdiction | (Commission File | (IRS Employer |
| of Incorporation) | Number) | Identification No.) |
| 1585 Broadway | New York, New York | 10036 |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant's telephone number, including area code: (212) 761-4000
| Not applicable |
| (Former name or former address, if changed since last report.) |
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:
| 1 |
| [ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| [ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| [ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| [ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Section 8 – Other Events
Item 8.01. Other Events.
Effective as of April 3, 2023, KeyBank National Association (“KeyBank”), a national banking association, will act as special servicer for The Shops at Crystals mortgage loan and each related pari passu and/or subordinate promissory note (collectively, “The Shops at Crystals Non-Serviced Loan Combination”), which is serviced under the trust and servicing agreement for the Shops at Crystals Trust 2016-CSTL securitization, replacing Situs Holdings, LLC ("Situs") as special servicer for such non-serviced loan combination. KeyBank was appointed (and Situs was removed) at the direction of Teachers Insurance and Annuity Association of America, the directing certificateholder under the Shops at Crystals Trust 2016-CSTL trust and servicing agreement. As special servicer for The Shops at Crystals Non-Serviced Loan Combination, KeyBank will be responsible for the servicing and administration of The Shops at Crystals Non-Serviced Loan Combination if it becomes specially serviced (and the servicing and administration of any related REO property) and processing and performing certain reviews of material actions with respect to The Shops at Crystals Non-Serviced Loan Combination when The Shops at Crystals Non-Serviced Loan Combination is not specially serviced. Servicing of The Shops at Crystals Non-Serviced Loan Combination will continue to be governed by the Shops at Crystals Trust 2016-CSTL trust and servicing agreement. KeyBank is also the current servicer under the Shops at Crystals Trust 2016-CSTL trust and servicing agreement.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Morgan Stanley Capital I Inc. | |||
| By: | /s/ Jane Lam | ||
| Name: | Jane Lam | ||
| Title: | President | ||
| Date: April 3, 2023 | |||