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Form 10-D CITIGROUP COMMERCIAL For: Aug 12

August 26, 2016 2:14 PM EDT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-D

ASSET-BACKED ISSUER

DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the monthly distribution period from:

July 29, 2016 to August 12, 2016

Commission File Number of issuing entity: 333-207132-05

Central Index Key Number of issuing entity: 0001677913

Citigroup Commercial Mortgage Trust 2016-P4

(Exact name of issuing entity as specified in its charter)

Commission File Number of depositor: 333-207132

Central Index Key Number of depositor: 0001258361

Citigroup Commercial Mortgage Securities Inc.

(Exact name of depositor as specified in its charter)

Citigroup Global Markets Realty Corp.

(Central Index Key Number: 0001541001)

Macquarie US Trading LLC d/b/a Principal

Commercial Capital

(Central Index Key Number: 0001634437)

Starwood Mortgage Funding V LLC

(Central Index Key Number: Not Applicable)

Barclays Bank PLC

(Central Index Key Number: 0000312070)

(Exact names of sponsors as specified in their respective charters)

Richard Simpson (212) 816-5343

(Name and telephone number, including area code, of the person to contact in connection with this filing)

New York

(State or other jurisdiction of incorporation or organization of the issuing entity)

81-3410731

81-3394670

81-6688500

(I.R.S. Employer Identification No.)

 

c/o Citibank, N.A.   
388 Greenwich Street, 14th Floor   
New York, New York    10013
(Address of principal executive offices of the issuing entity)    (Zip Code)

(212) 816-5693

(Telephone number, including area code)

 

     Registered/reporting pursuant to
(check one)
   Name of
exchange
(If Section 12(b))
 

Title of class

   Section 12(b)    Section 12(g)    Section 15(d)   

A-1

   ¨    ¨    x      Not Applicable   

A-2

   ¨    ¨    x      Not Applicable   

A-3

   ¨    ¨    x      Not Applicable   

A-4

   ¨    ¨    x      Not Applicable   

A-AB

   ¨    ¨    x      Not Applicable   

X-A

   ¨    ¨    x      Not Applicable   

X-B

   ¨    ¨    x      Not Applicable   

A-S

   ¨    ¨    x      Not Applicable   

B

   ¨    ¨    x      Not Applicable   

C

   ¨    ¨    x      Not Applicable   

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨


PART I – DISTRIBUTION INFORMATION

Item 1. Distribution and Pool Performance Information.

On August 12, 2016, a distribution was made to holders of the certificates issued by Citigroup Commercial Mortgage Trust 2016-P4.

The distribution report is attached as Exhibit 99.1 to this Form 10-D.

No assets securitized by Citigroup Commercial Mortgage Securities Inc. (the “Depositor”) and held by Citigroup Commercial Mortgage Trust 2016-P4 were the subject of a demand to repurchase or replace for breach of the representations and warranties contained in the underlying transaction documents during the monthly distribution period covered by this distribution report on Form 10-D.

The Depositor most recently filed a Form ABS-15G under Rule 15Ga-1 under the Securities Exchange Act of 1934 (“Rule 15Ga-1”) on February 16, 2016. The CIK number of the Depositor is 0001258361.

Citigroup Global Markets Realty Corp. (“CGMRC”), one of the sponsors, most recently filed a Form ABS-15G under Rule 15Ga-1 on February 16, 2016. The CIK number of CGMRC is 0001541001.

Macquarie US Trading LLC d/b/a Principal Commercial Capital (“PCC”), one of the sponsors, most recently filed a Form ABS-15G under Rule 15Ga-1 on February 16, 2016. The CIK number of PCC is 0001634437.

Starwood Mortgage Capital LLC (“Starwood”), the direct parent of Starwood Mortgage Funding V LLC, one of the sponsors, most recently filed a Form ABS-15G under Rule 15Ga-1 on February 5, 2016. The CIK number of Starwood is 0001548405.

Barclays Bank PLC (“Barclays”), one of the sponsors, most recently filed a Form ABS-15G under Rule 15Ga-1 on August 10, 2016. The CIK number of Barclays is 0000312070.

Item 1A. Asset-Level Information.

Not applicable

Item 1B. Asset Representations Reviewer and Investor Communication.

Not applicable


PART II – OTHER INFORMATION

Item 2. Legal Proceedings.

Disclosure from Citibank, N.A., as Certificate Administrator:

Citibank, N.A. (“Citibank”) is acting as the Certificate Administrator of this commercial mortgage-backed securities (“CMBS”) transaction. In the ordinary course of business, Citibank is involved in a number of legal proceedings, including in connection with its role as trustee of certain residential mortgage-backed securities (“RMBS”) transactions. Certain of these Citibank as trustee-related matters are disclosed herein.

On June 18, 2014, a civil action was filed against Citibank in the Supreme Court of the State of New York by a group of investors in 48 private-label RMBS trusts for which Citibank allegedly serves or did serve as trustee, asserting claims for purported violations of the Trust Indenture Act of 1939 (the “Trust Indenture Act”), breach of contract, breach of fiduciary duty and negligence based on Citibank’s alleged failure to perform its duties as trustee for the 48 RMBS trusts. On November 24, 2014, plaintiffs sought leave to withdraw this action. On the same day, a smaller subset of similar plaintiff investors in 27 private-label RMBS trusts for which Citibank allegedly serves or did serve as trustee, filed a new civil action against Citibank in the United States District Court for the Southern District of New York asserting similar claims as the prior action filed in state court. In January 2015, the court closed plaintiffs’ original state court action. Citibank’s motion to dismiss the federal complaint was fully briefed as of May 13, 2015. On September 8, 2015, the federal court dismissed all claims as to 24 of the 27 trusts and allowed certain of the claims to proceed as to the other three trusts. That case, involving the three remaining trusts, is pending.

On November 24, 2015, the same investors that brought the federal case brought a new civil action in the Supreme Court of the State of New York related to 25 private-label RMBS trusts for which Citibank allegedly serves or did serve as trustee. This case includes the 24 trusts previously dismissed in the federal action, and one additional trust. The investors assert claims for breach of contract, breach of fiduciary duty, breach of duty to avoid conflicts of interest, and violation of New York’s Streit Act (the “Streit Act”). Citibank’s motion to dismiss was fully briefed as of April 15, 2016. Following argument on Citibank’s motion to dismiss, an amended complaint is expected on August 5, 2016.

On August 19, 2015, the Federal Deposit Insurance Corporation (FDIC) as Receiver for a financial institution filed a civil action against Citibank in the Southern District of New York. This action relates to one private-label RMBS trust for which Citibank formerly served as trustee. FDIC asserts claims for breach of contract, violation of the Streit Act, and violation of the Trust Indenture Act. Citibank jointly briefed a motion to dismiss with The Bank of New York Mellon and U.S. Bank, entities that have also been sued by FDIC in their capacity as trustee, and whose cases are also in front of Judge Carter. Defendants’ joint motion to dismiss was fully briefed as of March 22, 2016.

There can be no assurances as to the outcome of litigation or the possible impact of litigation on the trustee or the RMBS trusts. However, Citibank denies liability and continues to vigorously defend against these litigations. Furthermore, neither the above-disclosed litigations nor any other pending legal proceeding involving Citibank will materially affect Citibank’s ability to perform its duties as Certificate Administrator under the Pooling and Servicing Agreement for this CMBS transaction.

Disclosure from Deutsche Bank Trust Company Americas, as Trustee:

Deutsche Bank Trust Company Americas (“DBTCA”) and Deutsche Bank National Trust Company (“DBNTC”) have been sued by investors in civil litigation concerning their role as trustees of certain residential mortgage-backed securities (“RMBS”) trusts.

On June 18, 2014, a group of investors, including funds managed by Blackrock Advisors, LLC, PIMCO-Advisors, L.P., and others, filed a derivative action against DBNTC and DBTCA in New York State Supreme Court purportedly on behalf of and for the benefit of 544 private-label RMBS trusts asserting claims for alleged violations of the U.S. Trust Indenture Act of 1939 (the “Trust Indenture Act”), breach of contract, breach of fiduciary duty and negligence based on DBNTC and DBTCA’s alleged failure to perform their duties as trustees for the trusts. Plaintiffs subsequently dismissed their state court complaint and filed a derivative and class action complaint in the


U.S. District Court for the Southern District of New York on behalf of and for the benefit of 564 private-label RMBS trusts, which substantially overlapped with the trusts at issue in the state court action. The complaint alleges that the trusts at issue have suffered total realized collateral losses of U.S. $89.4 billion, but the complaint does not include a demand for money damages in a sum certain. DBNTC and DBTCA filed a motion to dismiss, and on January 19, 2016, the court partially granted the motion on procedural grounds: as to the 500 trusts that are governed by pooling and servicing agreements, the court declined to exercise jurisdiction. The court did not rule on substantive defenses asserted in the motion to dismiss. On March 22, 2016, plaintiffs filed an amended complaint in federal court. In the amended complaint, plaintiffs assert claims in connection with 62 trusts governed by indenture agreements. The amended complaint alleges that the trusts at issue have suffered total realized collateral losses of U.S. $9.8 billion, but the complaint does not include a demand for money damages in a sum certain. DBNTC and DBTCA filed a motion to dismiss the amended complaint on July 15, 2016. On August 15, 2016, plaintiffs filed their opposition to the motion to dismiss. Discovery is ongoing.

On March 25, 2016, the BlackRock plaintiffs filed a state court action against DBTCA in the Superior Court of California, Orange County with respect to 513 trusts. On May 18, 2016, plaintiffs filed an amended complaint with respect to 465 trusts, and included DBNTC as an additional defendant. The amended complaint asserts three causes of action: breach of contract; breach of fiduciary duty; and breach of the duty to avoid conflicts of interest. Plaintiffs purport to bring the action on behalf of themselves and all other current owners of certificates in the 465 trusts. The amended complaint alleges that the trusts at issue have suffered total realized collateral losses of U.S. $75.7 billion, but does not include a demand for money damages in a sum certain.

On December 30, 2015, IKB International, S.A. in Liquidation and IKB Deutsche Industriebank A.G. (collectively, “IKB”), as an investor in 37 RMBS trusts, filed a summons with notice in the Supreme Court of the State of New York, New York County, against DBNTC and DBTCA as trustees of the trusts. On May 27, 2016, IKB served its complaint asserting claims for breach of contract, breach of fiduciary duty, breach of duty to avoid conflicts of interest, violation of New York’s Streit Act, violation of the Trust Indenture Act, violation of Regulation AB, and violation of Section 9 of the Uniform Commercial Code. IKB alleges that DBNTC and DBTCA are liable for over U.S. $268 million in damages.

It is DBTCA’s belief that it has no pending legal proceedings (including, based on DBTCA’s present evaluation, the litigation disclosed in the foregoing paragraphs) that would materially affect its ability to perform its duties as Trustee under the Pooling and Servicing Agreement for this transaction.

Item 3. Sales of Securities and Use of Proceeds.

None

Item 4. Defaults Upon Senior Securities.

None

Item 5. Submission of Matters to a Vote of Security Holders.

None

Item 6. Significant Obligors of Pool Assets.

With respect to the pool assets for Citigroup Commercial Mortgage Trust 2016-P4, there are no significant obligors within the meaning of Item 1101(k) of Regulation AB.

Item 7. Change in Sponsor Interest in Securities.

None

Item 8. Significant Enhancement Provider Information.

None

Item 9. Other Information.

Wells Fargo Bank, National Association, in its capacity as Master Servicer for Citigroup Commercial Mortgage Trust 2016-P4, affirms the following amounts in the respective accounts:

 

Collection Account Balance

     

Prior Distribution Date:

   N/A    N/A

Current Distribution Date:

   08/12/2016    $88,477.06


Collection Account Balance

     

Loan Combination Custodial Account Balance

     

Prior Distribution Date:

   N/A    N/A

Current Distribution Date:

   08/12/2016    $0.00

*REO Account Balance

     

Prior Distribution Date

   N/A    N/A

Current Distribution Date

   08/12/2016    $0.00

*As provided by the Special Servicer

     

Citibank, N.A., in its capacity as Certificate Administrator for Citigroup Commercial Mortgage Trust 2016-P4, affirms the following amounts in the respective accounts:

 

Distribution Account Balance

     

Prior Distribution Date:

  

N/A

  

N/A

Current Distribution Date:

   08/12/2016    $0.00

Interest Reserve Account Balance

     

Prior Distribution Date:

  

N/A

  

N/A

Current Distribution Date:

   08/12/2016    $0.00

Excess Interest Distribution Account Balance

     

Prior Distribution Date:

  

N/A

  

N/A

Current Distribution Date:

   08/12/2016    $0.00

Excess Liquidation Proceeds Reserve Account Balance

     

Prior Distribution Date:

  

N/A

  

N/A

Current Distribution Date:

   08/12/2016    $0.00

Exchangeable Distribution Account Balance

     

Prior Distribution Date:

  

N/A

  

N/A

Current Distribution Date:

   08/12/2016    $0.00

Item 10. Exhibits.

(a) The following is a list of documents filed as part of this Form 10-D:

(99.1): Monthly report distributed to holders of the certificates issued by Citigroup Commercial Mortgage Trust 2016-P4, relating to the August 12, 2016 distribution.

(b) The exhibits required to be filed by the Registrant pursuant to this Form 10-D are listed above and in the Exhibit Index that immediately follows the signature page hereof.


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 thereunto duly authorized.

Citigroup Commercial Mortgage Securities Inc.

(Depositor)

 

/s/ Paul Vanderslice

Paul Vanderslice, President

Date: August 26, 2016

EXHIBIT INDEX

 

Exhibit Number    Description
Exhibit 99.1    Monthly report distributed to holders of the certificates issued by Citigroup Commercial Mortgage Trust 2016-P4, relating to the August 12, 2016 distribution.

Exhibit 99.1

 

Distribution Date:

Determination Date:

 

08/12/2016

08/08/2016

 

Citigroup Commercial Mortgage Trust 2016-P4

Commercial Mortgage Pass-Through Certificates

Series 2016-P4

    LOGO

 

CONTACT INFORMATION   
Depositor    Citigroup Commercial Mortgage Securities Inc.
Master Servicer    Wells Fargo Bank, National Association
Trustee    Deutsche Bank Trust Company Americas
Certificate Administrator    Citibank, N.A.
Asset Representations Reviewer / Operating Advisor    Park Bridge Lender Services LLC
Special Servicer    CWCapital Asset Management LLC

CONTENTS

 

Distribution Summary

     2   

Distribution Summary (Factors)

     3   

Interest Distribution Detail

     4   

Principal Distribution Detail

     5   

Reconciliation Detail

     6   

Other Information

     7   

Stratification Detail

     8   

Mortgage Loan Detail

     11   

Delinquency Loan Detail

     13   

Appraisal Reduction Detail

     15   

Loan Modification Detail

     17   

Specially Serviced Loan Detail

     19   

Unscheduled Principal Detail

     21   

Liquidated Loan Detail

     23   

CREFC Legends

     25   
 

 

Deal Contact:    John Hannon
   [email protected]
   Tel: (212) 816-5693
   Fax: (212) 816-5527
            Citibank, N.A.
            Agency and Trust
            388 Greenwich Street, 14th Floor
            New York, NY 10013
 

 

Reports Available at sf.citidirect.com   Page 1 of 25   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

08/12/2016

08/08/2016

 

Citigroup Commercial Mortgage Trust 2016-P4

Commercial Mortgage Pass-Through Certificates

Series 2016-P4

    LOGO

 

Distribution Summary

DISTRIBUTION IN DOLLARS

 

Class

(1)

  Original
Balance
(2)
    Prior
Principal
Balance
(3)
    Pass-
Through
Rate
(4)
    Accrual
Day Count
Fraction
(5)
    Accrual
Dates
(6)
    Interest
Distributed
(7)
    Principal
Distributed
(8)
    PPP and YM
Distributed
(9)
    Total
Distributed
(10)=(7+8+9)
    Deferred
Interest
(11)
    Realized
Loss
(12)
    Current
Principal
Balance
(13)=(3-8+11-12)
 

Class A-1

    24,619,000.00        24,619,000.00        1.382000     30/360        07/01 - 07/31        28,352.88        230,081.66        0.00        258,434.54        0.00        0.00        24,388,918.34   

Class A-2

    65,384,000.00        65,384,000.00        2.450000     30/360        07/01 - 07/31        133,492.33        0.00        0.00        133,492.33        0.00        0.00        65,384,000.00   

Class A-3

    170,000,000.00        170,000,000.00        2.646000     30/360        07/01 - 07/31        374,850.00        0.00        0.00        374,850.00        0.00        0.00        170,000,000.00   

Class A-4

    201,346,000.00        201,346,000.00        2.902000     30/360        07/01 - 07/31        486,921.74        0.00        0.00        486,921.74        0.00        0.00        201,346,000.00   

Class A-AB

    43,461,000.00        43,461,000.00        2.779000     30/360        07/01 - 07/31        100,648.43        0.00        0.00        100,648.43        0.00        0.00        43,461,000.00   

Class A-S

    48,678,000.00        48,678,000.00        3.075000     30/360        07/01 - 07/31        124,737.38        0.00        0.00        124,737.38        0.00        0.00        48,678,000.00   

Class B

    34,255,000.00        34,255,000.00        3.377000     30/360        07/01 - 07/31        96,399.28        0.00        0.00        96,399.28        0.00        0.00        34,255,000.00   

Class C

    33,353,000.00        33,353,000.00        4.134499     30/360        07/01 - 07/31        114,914.95        0.00        0.00        114,914.95        0.00        0.00        33,353,000.00   

Class D

    40,565,000.00        40,565,000.00        4.134499     30/360        07/01 - 07/31        139,763.29        0.00        0.00        139,763.29        0.00        0.00        40,565,000.00   

Class E

    18,931,000.00        18,931,000.00        4.884499     30/360        07/01 - 07/31        77,057.04        0.00        0.00        77,057.04        0.00        0.00        18,931,000.00   

Class F

    8,113,000.00        8,113,000.00        4.884499     30/360        07/01 - 07/31        33,023.28        0.00        0.00        33,023.28        0.00        0.00        8,113,000.00   

Class G

    7,211,000.00        7,211,000.00        4.884499     30/360        07/01 - 07/31        29,351.77        0.00        0.00        29,351.77        0.00        0.00        7,211,000.00   

Class H

    25,241,406.00        25,241,406.00        4.884499     30/360        07/01 - 07/31        102,743.01        0.00        0.00        102,743.01        0.00        0.00        25,241,406.00   

Class R

    0.00        0.00        0.000000     —          —          0.00        0.00        0.00        0.00        0.00        0.00        0.00   
 

 

 

   

 

 

         

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Totals

    721,157,406.00        721,157,406.00              1,842,255.38        230,081.66        0.00        2,072,337.04        0.00        0.00        720,927,324.34   
 

 

 

   

 

 

         

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Notional Classes

  

Class X-A

    553,488,000.00        553,488,000.00        2.176575     30/360        07/01 - 07/31        1,003,923.49        0.00        0.00        1,003,923.49        0.00        0.00        553,257,918.34   

Class X-B

    34,255,000.00        34,255,000.00        1.507499     30/360        07/01 - 07/31        43,032.81        0.00        0.00        43,032.81        0.00        0.00        34,255,000.00   

Class X-C

    73,918,000.00        73,918,000.00        0.750000     30/360        07/01 - 07/31        46,198.76        0.00        0.00        46,198.76        0.00        0.00        73,918,000.00   
 

 

 

   

 

 

         

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Totals

    661,661,000.00        661,661,000.00              1,093,155.06        0.00        0.00        1,093,155.06        0.00        0.00        661,430,918.34   
 

 

 

   

 

 

         

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

Reports Available at sf.citidirect.com   Page 2 of 25   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

08/12/2016

08/08/2016

 

Citigroup Commercial Mortgage Trust 2016-P4

Commercial Mortgage Pass-Through Certificates

Series 2016-P4

    LOGO

 

Distribution Summary (Factors)

PER $1,000 OF ORIGINAL BALANCE

 

Class

  CUSIP     Record
Date
    Prior
Principal
Balance
(3)/(2) x 1000
    Interest
Distributed
(7)/(2) x 1000
    Principal
Distributed
(8)/(2) x 1000
    PPP and YM
Distributed
(9)/(2) x 1000
    Total
Distributed
(10)/(2) x 1000
    Deferred
Interest
(11)/(2) x 1000
    Realized Loss
(12)/(2) x 1000
    Current
Principal
Balance
(14)/(2) x 1000
 

Class A-1

    29429EAA9        07/29/2016        1,000.000000        1.151667        9.345695        0.000000        10.497361        0.000000        0.000000        990.654305   

Class A-2

    29429EAB7        07/29/2016        1,000.000000        2.041667        0.000000        0.000000        2.041667        0.000000        0.000000        1,000.000000   

Class A-3

    29429EAC5        07/29/2016        1,000.000000        2.205000        0.000000        0.000000        2.205000        0.000000        0.000000        1,000.000000   

Class A-4

    29429EAD3        07/29/2016        1,000.000000        2.418333        0.000000        0.000000        2.418333        0.000000        0.000000        1,000.000000   

Class A-AB

    29429EAE1        07/29/2016        1,000.000000        2.315833        0.000000        0.000000        2.315833        0.000000        0.000000        1,000.000000   

Class A-S

    29429EAH4        07/29/2016        1,000.000000        2.562500        0.000000        0.000000        2.562500        0.000000        0.000000        1,000.000000   

Class B

    29429EAJ0        07/29/2016        1,000.000000        2.814167        0.000000        0.000000        2.814167        0.000000        0.000000        1,000.000000   

Class C

    29429EAK7        07/29/2016        1,000.000000        3.445416        0.000000        0.000000        3.445416        0.000000        0.000000        1,000.000000   

Class D

    29429EAL5        07/29/2016        1,000.000000        3.445416        0.000000        0.000000        3.445416        0.000000        0.000000        1,000.000000   
    U1740JAA6 / 29429EAM3                     

Class E

    29429EAN1        07/29/2016        1,000.000000        4.070416        0.000000        0.000000        4.070416        0.000000        0.000000        1,000.000000   
    U1740JAB4 / 29429EAP6                     

Class F

    29429EAQ4        07/29/2016        1,000.000000        4.070415        0.000000        0.000000        4.070415        0.000000        0.000000        1,000.000000   
    U1740JAC2 / 29429EAR2                     

Class G

    29429EAS0        07/29/2016        1,000.000000        4.070416        0.000000        0.000000        4.070416        0.000000        0.000000        1,000.000000   
    U1740JAD0 / 29429EAT8                     

Class H

    29429EAU5        07/29/2016        1,000.000000        4.070415        0.000000        0.000000        4.070415        0.000000        0.000000        1,000.000000   
    U1740JAE8 / 29429EAV3                     

Class R

    29429EAY7        07/29/2016        0.000000        0.000000        0.000000        0.000000        0.000000        0.000000        0.000000        0.000000   

Class X-A

    29429EAF8        07/29/2016        1,000.000000        1.813813        0.000000        0.000000        1.813813        0.000000        0.000000        999.584306   

Class X-B

    29429EAG6        07/29/2016        1,000.000000        1.256249        0.000000        0.000000        1.256249        0.000000        0.000000        1,000.000000   

Class X-C

    29429EAW1        07/29/2016        1,000.000000        0.625000        0.000000        0.000000        0.625000        0.000000        0.000000        1,000.000000   
    U1740JAF5 / 29429EAX9                     

 

Reports Available at sf.citidirect.com   Page 3 of 25   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

08/12/2016

08/08/2016

 

Citigroup Commercial Mortgage Trust 2016-P4

Commercial Mortgage Pass-Through Certificates

Series 2016-P4

    LOGO

 

Interest Distribution Detail

DISTRIBUTION IN DOLLARS

 

Class

(1)

  Prior Principal
Balance
(2)
    Pass-
Through
Rate
(3)
    Accrual
Day
Count
Fraction
    Optimal
Accrued
Interest
(6)
    Prior
Unpaid
Interest
(7)
    Interest on
Prior Unpaid
Interest
(8)
    Non-Recov.
Interest
Shortfall
(9)
    Interest
Due
(10)=(6)+(7)+(8)-(9)
    Deferred
Interest
(11)
    Interest
Distributed
(12)
    Current
Unpaid Interest
(13)=(10)-(11)-(12)
 

Class A-1

    24,619,000.00        1.38200     30/360        28,352.88        0.00        0.00        0.00        28,352.88        0.00        28,352.88        0.00   

Class A-2

    65,384,000.00        2.45000     30/360        133,492.33        0.00        0.00        0.00        133,492.33        0.00        133,492.33        0.00   

Class A-3

    170,000,000.00        2.64600     30/360        374,850.00        0.00        0.00        0.00        374,850.00        0.00        374,850.00        0.00   

Class A-4

    201,346,000.00        2.90200     30/360        486,921.74        0.00        0.00        0.00        486,921.74        0.00        486,921.74        0.00   

Class A-AB

    43,461,000.00        2.77900     30/360        100,648.43        0.00        0.00        0.00        100,648.43        0.00        100,648.43        0.00   

Class A-S

    48,678,000.00        3.07500     30/360        124,737.38        0.00        0.00        0.00        124,737.38        0.00        124,737.38        0.00   

Class B

    34,255,000.00        3.37700     30/360        96,399.28        0.00        0.00        0.00        96,399.28        0.00        96,399.28        0.00   

Class C

    33,353,000.00        4.13450     30/360        114,914.95        0.00        0.00        0.00        114,914.95        0.00        114,914.95        0.00   

Class D

    40,565,000.00        4.13450     30/360        139,763.29        0.00        0.00        0.00        139,763.29        0.00        139,763.29        0.00   

Class E

    18,931,000.00        4.88450     30/360        77,057.04        0.00        0.00        0.00        77,057.04        0.00        77,057.04        0.00   

Class F

    8,113,000.00        4.88450     30/360        33,023.28        0.00        0.00        0.00        33,023.28        0.00        33,023.28        0.00   

Class G

    7,211,000.00        4.88450     30/360        29,351.77        0.00        0.00        0.00        29,351.77        0.00        29,351.77        0.00   

Class H

    25,241,406.00        4.88450     30/360        102,743.01        0.00        0.00        0.00        102,743.01        0.00        102,743.01        0.00   

Class R

    0.00        0.00000     —          0.00        0.00        0.00        0.00        0.00        0.00        0.00        0.00   
 

 

 

       

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Totals

    721,157,406.00            1,842,255.38        0.00        0.00        0.00        1,842,255.38        0.00        1,842,255.38        0.00   
 

 

 

       

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Notional Classes   

Class X-A

    553,488,000.00        2.17657     30/360        1,003,923.49        0.00        0.00        0.00        1,003,923.49        0.00        1,003,923.49        0.00   

Class X-B

    34,255,000.00        1.50750     30/360        43,032.81        0.00        0.00        0.00        43,032.81        0.00        43,032.81        0.00   

Class X-C

    73,918,000.00        0.75000     30/360        46,198.76        0.00        0.00        0.00        46,198.76        0.00        46,198.76        0.00   
 

 

 

       

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Totals

    661,661,000.00            1,093,155.06        0.00        0.00        0.00        1,093,155.06        0.00        1,093,155.06        0.00   
 

 

 

       

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

Reports Available at sf.citidirect.com   Page 4 of 25   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

08/12/2016

08/08/2016

 

Citigroup Commercial Mortgage Trust 2016-P4

Commercial Mortgage Pass-Through Certificates

Series 2016-P4

    LOGO

 

Principal Distribution Detail

DISTRIBUTION IN DOLLARS

 

Class

(1)

   Original
Balance
(2)
     Prior
Principal
Balance
(3)
     Scheduled
Principal
Distribution
(4)
     Unscheduled
Principal
Distribution
(5)
     Accreted
Principal
(6)
     Current
Realized
Loss
(7)
     Current
Principal
Recoveries
(8)
     Current
Principal
Balance
(9)=(3)-(4)-
(5)+(6)-(7)+(8)
     Cumulative
Realized
Loss
(10)
     Original
Class
(%)
(11)
    Current
Class
(%)
(12)
    Original
Credit
Support
(13)
    Current
Credit
Support
(14)
 

Class A-1

     24,619,000.00         24,619,000.00         230,081.66         0.00         0.00         0.00         0.00         24,388,918.34         0.00         3.41     3.38     30.00     30.01

Class A-2

     65,384,000.00         65,384,000.00         0.00         0.00         0.00         0.00         0.00         65,384,000.00         0.00         9.07     9.07     30.00     30.01

Class A-3

     170,000,000.00         170,000,000.00         0.00         0.00         0.00         0.00         0.00         170,000,000.00         0.00         23.57     23.58     30.00     30.01

Class A-4

     201,346,000.00         201,346,000.00         0.00         0.00         0.00         0.00         0.00         201,346,000.00         0.00         27.92     27.93     30.00     30.01

Class A-AB

     43,461,000.00         43,461,000.00         0.00         0.00         0.00         0.00         0.00         43,461,000.00         0.00         6.03     6.03     30.00     30.01

Class A-S

     48,678,000.00         48,678,000.00         0.00         0.00         0.00         0.00         0.00         48,678,000.00         0.00         6.75     6.75     23.25     23.26

Class B

     34,255,000.00         34,255,000.00         0.00         0.00         0.00         0.00         0.00         34,255,000.00         0.00         4.75     4.75     18.50     18.51

Class C

     33,353,000.00         33,353,000.00         0.00         0.00         0.00         0.00         0.00         33,353,000.00         0.00         4.62     4.63     13.88     13.88

Class E

     18,931,000.00         18,931,000.00         0.00         0.00         0.00         0.00         0.00         18,931,000.00         0.00         2.63     2.63     11.25     11.25

Class D

     40,565,000.00         40,565,000.00         0.00         0.00         0.00         0.00         0.00         40,565,000.00         0.00         5.63     5.63     5.63     5.63

Class F

     8,113,000.00         8,113,000.00         0.00         0.00         0.00         0.00         0.00         8,113,000.00         0.00         1.13     1.13     4.50     4.50

Class G

     7,211,000.00         7,211,000.00         0.00         0.00         0.00         0.00         0.00         7,211,000.00         0.00         1.00     1.00     3.50     3.50

Class H

     25,241,406.00         25,241,406.00         0.00         0.00         0.00         0.00         0.00         25,241,406.00         0.00         3.50     3.50     0.00     0.00
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

   

 

 

     

Totals

     721,157,406.00         721,157,406.00         230,081.66         0.00         0.00         0.00         0.00         720,927,324.34         0.00         100.00     100.00    
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

   

 

 

     

 

Reports Available at sf.citidirect.com   Page 5 of 25   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

08/12/2016

08/08/2016

 

Citigroup Commercial Mortgage Trust 2016-P4

Commercial Mortgage Pass-Through Certificates

Series 2016-P4

    LOGO

 

Reconciliation Detail

 

SOURCE OF FUNDS

 

Interest Funds Available

     

Scheduled Interest

     2,950,932.04      

Prepayment Interest Shortfall

     0.00      

Interest Adjustments

     0.00      

Realized Loss in Excess of Principal Balance

     0.00      
  

 

 

    

Total Interest Funds Available:

        2,950,932.04   

Principal Funds Available

     

Scheduled Principal

     230,081.66      

Curtailments

     0.00      

Principal Prepayments

     0.00      

Net Liquidation Proceeds

     0.00      

Repurchased Principal

     0.00      

Substitution Principal

     0.00      

Other Principal

     0.00      
  

 

 

    

Total Principal Funds Available:

        230,081.66   

Other Funds Available

     

Yield Maintenance Charges

     0.00      

Withdrawal of Withheld Amounts from the Interest Reserve Account

     0.00      

Deposit of Withheld Amounts to the Interest Reserve Account

     0.00      
  

 

 

    

Total Other Funds Available:

        0.00   
     

 

 

 

Total Funds Available

        3,181,013.70   
     

 

 

 

ALLOCATION OF FUNDS

 

Scheduled Fees

     

Servicing Fee

     9,010.98      

Trustee/Certificate Administrator Fee

     4,222.78      

Operating Advisor Fee

     1,760.01      

Asset Representations Reviewer Ongoing Fee

     217.35      

CREFC® Intellectual Property Royalty License Fee

     310.48      
  

 

 

    

Total Scheduled Fees:

        15,521.60   

Additional Fees, Expenses, etc.

     

Additional Servicing Fee

     0.00      

Special Servicing Fee

     0.00      

Work-out Fee

     0.00      

Liquidation Fee

     0.00      

Trust Fund Expenses

     0.00      

Trust Advisor Expenses

     0.00      

Reimbursement of Interest on Advances to the Servicer

     0.00      

Borrower Reimbursable Trust Fund Expenses

     0.00      

Other Expenses

     0.00      
  

 

 

    

Total Additional Fees, Expenses, etc.:

        0.00   

Distributions

     

Interest Distribution

     2,935,410.44      

Principal Distribution

     230,081.66      

Yield Maintenance Charge Distribution

     0.00      
  

 

 

    

Total Distributions:

        3,165,492.10   
     

 

 

 

Total Funds Allocated

        3,181,013.70   
     

 

 

 
 

 

Reports Available at sf.citidirect.com   Page 6 of 25   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

08/12/2016

08/08/2016

 

Citigroup Commercial Mortgage Trust 2016-P4

Commercial Mortgage Pass-Through Certificates

Series 2016-P4

    LOGO

 

Other Information

 

Interest Reserve Account Information

  

Beginning Interest Reserve Account Balance

     0.00   

Deposit of Withheld Amounts to the Interest Reserve Account

     0.00   

Withdrawal of Withheld Amounts from the Interest Reserve Account

     0.00   

Ending Interest Reserve Account Balance

     0.00   

Excess Liquidation Proceeds Reserve Account Information

  

Beginning Excess Liquidation Proceeds Reserve Account Balance

     0.00   

Deposit to the Excess Liquidation Proceeds Reserve Account

     0.00   

Withdrawal from the Excess Liquidation Proceeds Reserve Account

     0.00   

Ending Excess Liquidation Proceeds Reserve Account Balance

     0.00   

Controlling Class Information

  

The Controlling Class is Class H.

  

The Controlling Class Representative is Eightfold Real Estate Capital, L.P.

  

There Are No Disclosable Special Servicer Fees.

  

 

Reports Available at sf.citidirect.com   Page 7 of 25   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

08/12/2016

08/08/2016

 

Citigroup Commercial Mortgage Trust 2016-P4

Commercial Mortgage Pass-Through Certificates

Series 2016-P4

    LOGO

 

Stratification Detail

 

Ending Scheduled Balance

 

Ending Sched

Balance

  # of
Loans
    Ending Sched
Balance
    % of Agg
Balance
    WAC     WAM     Wtd Avg
DSCR
 

1 to 5,000,000

    4        14,765,214.07        2.05        4.8780        119        1.506995   

5,000,001 to 10,000,000

    12        84,246,113.90        11.69        4.9537        113        1.607793   

10,000,001 to 15,000,000

    14        173,580,489.64        24.08        4.8704        117        1.542059   

15,000,001 to 20,000,000

    6        107,127,577.91        14.86        4.9380        118        1.180981   

20,000,001 to 25,000,000

    2        41,860,000.00        5.81        4.4821        119        1.869231   

25,000,001 to 30,000,000

    4        115,934,020.45        16.08        4.7347        88        1.798467   

30,000,001 to 35,000,000

    1        31,964,373.76        4.43        4.8000        119        1.590000   

35,000,001 to 40,000,000

    1        40,000,000.00        5.55        5.0700        117        1.740000   

40,000,001 to 45,000,000

    1        41,449,535.26        5.75        4.4100        119        1.400000   

45,000,001 to 50,000,000

    0        0.00        0.00        0.0000        0        0.000000   

50,000,001 to 55,000,000

    0        0.00        0.00        0.0000        0        0.000000   

55,000,001 to 60,000,000

    0        0.00        0.00        0.0000        0        0.000000   

60,000,001 to 65,000,000

    0        0.00        0.00        0.0000        0        0.000000   

65,000,001 to 70,000,000

    1        70,000,000.00        9.71        4.0920        119        2.330000   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Totals

    46        720,927,324.99        100.00        4.7519        113        1.637045   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

(When current DSCR is not available, the most currently provided DSCR will be used.)

State

 

State

  # of
Loans
    Ending Sched
Balance
    % of Agg
Balance
    WAC     WAM     Wtd Avg
DSCR
 
    1        20,000,000.00        2.77        5.0700        117        0.000000   

Arizona

    4        45,185,000.00        6.27        4.9679        109        1.365381   

California

    7        130,795,619.81        18.14        4.7544        118        1.548564   

Colorado

    2        14,425,000.00        2.00        4.4818        118        2.045563   

Florida

    4        47,338,666.38        6.57        4.9821        117        1.632926   

Georgia

    2        30,877,577.91        4.28        4.9687        117        1.859881   

Illinois

    2        73,413,909.02        10.18        4.5798        119        1.482726   

Kentucky

    1        15,050,000.00        2.09        4.5700        119        1.940000   

Michigan

    7        78,256,863.33        10.86        4.9599        118        1.443972   

Mississippi

    1        3,750,000.00        0.52        5.0800        119        1.720000   

North Carolina

    1        11,237,330.30        1.56        4.7500        119        1.460000   

New Mexico

    1        4,794,594.26        0.67        4.7500        119        1.450000   

New York

    1        13,850,000.00        1.92        4.7500        117        1.330000   

Oklahoma

    1        5,937,250.57        0.82        5.5000        119        2.030000   

Oregon

    1        4,125,000.00        0.57        4.5780        118        1.500000   

Pennsylvania

    1        29,934,020.45        4.15        5.1500        58        1.310000   

Tennessee

    1        70,000,000.00        9.71        4.0920        119        2.330000   

Texas

    2        26,750,000.00        3.71        4.7856        117        1.418598   

Virginia

    2        21,711,492.96        3.01        4.6906        118        1.399564   

Washington

    1        20,125,000.00        2.79        4.2360        118        2.430000   

Various

    3        53,370,000.00        7.40        4.9228        85        2.148079   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Totals

    46        720,927,324.99        100.00        4.7519        113        1.637045   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
 

 

Reports Available at sf.citidirect.com   Page 8 of 25   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

08/12/2016

08/08/2016

 

Citigroup Commercial Mortgage Trust 2016-P4

Commercial Mortgage Pass-Through Certificates

Series 2016-P4

    LOGO

 

Stratification Detail

 

Seasoning

 

Seasoning

  # of
Loans
    Ending Sched
Balance
    % of Agg
Balance
    WAC     WAM     Wtd Avg
DSCR
 

12 Months or Less

    46        720,927,324.99        100.00        4.7519        113        1.637045   

13 to 24 Months

    0        0.00        0.00        0.0000        0        0.000000   

25 to 36 Months

    0        0.00        0.00        0.0000        0        0.000000   

37 to 48 Months

    0        0.00        0.00        0.0000        0        0.000000   

49 Months or Greater

    0        0.00        0.00        0.0000        0        0.000000   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Totals

    46        720,927,324.99        100.00        4.7519        113        1.637045   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Property Type

 

Property Type

  # of
Loans
    Ending Sched
Balance
    % of Agg
Balance
    WAC     WAM     Wtd Avg
DSCR
 

Other

    1        20,000,000.00        2.77        5.0700        117        0.000000   

Multifamily

    4        48,273,000.00        6.70        5.0071        118        1.381979   

Retail

    18        276,199,984.50        38.31        4.5754        117        1.664282   

Industrial

    5        63,637,500.00        8.83        4.3348        117        2.294944   

Office

    6        132,885,225.82        18.43        4.7458        105        1.431385   

Mixed Use

    1        12,643,244.67        1.75        5.0950        116        1.320000   

Lodging

    6        119,122,750.19        16.52        5.0675        103        1.972962   

Self Storage

    5        48,165,619.81        6.68        5.0735        117        1.366855   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Totals

    46        720,927,324.99        100.00        4.7519        113        1.637045   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
 

 

Debt Service Coverage Ratio

 

Debt Service

Coverage Ratio

  # of
Loans
    Ending Sched
Balance
    % of Agg
Balance
    WAC     WAM     Wtd Avg
DSCR
 

1.250 or Less

    2        28,900,000.00        4.01        5.0546        117        0.384948   

1.251 to 1.500

    27        370,946,415.62        51.45        4.8889        112        1.375925   

1.501 to 1.750

    8        141,972,295.47        19.69        4.8275        118        1.634480   

1.751 to 2.000

    2        20,283,863.33        2.81        4.7790        118        1.896135   

2.001 to 2.250

    1        5,937,250.57        0.82        5.5000        119        2.030000   

2.251 to 2.500

    5        125,387,500.00        17.39        4.1584        119        2.363529   

2.501 to 2.750

    0        0.00        0.00        0.0000        0        0.000000   

2.751 to 3.000

    1        27,500,000.00        3.81        4.7200        55        2.900000   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Totals

    46        720,927,324.99        100.00        4.7519        113        1.637045   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

(When current DSCR is not available, the most currently provided DSCR will be used.)

Loan Rate

 

Loan Rate (%)

  # of
Loans
    Ending Sched
Balance
    % of Agg
Balance
    WAC     WAM     Wtd Avg
DSCR
 

4.00 or Less

    0        0.00        0.00        0.0000        0        0.000000   

4.01 to 4.25

    6        154,887,500.00        21.48        4.1759        119        2.218107   

4.26 to 4.50

    1        41,449,535.26        5.75        4.4100        119        1.400000   

4.51 to 4.75

    12        159,679,220.91        22.15        4.6759        108        1.710724   

4.76 to 5.00

    8        117,688,570.37        16.32        4.8481        118        1.480490   

5.01 to 5.25

    13        196,770,265.12        27.29        5.0812        108        1.290616   

5.26 to 5.50

    4        27,224,655.42        3.78        5.4590        118        1.654914   

5.51 to 5.75

    2        23,227,577.91        3.22        5.6190        101        1.385900   

5.76 to 6.00

    0        0.00        0.00        0.0000        0        0.000000   

6.01 to 6.25

    0        0.00        0.00        0.0000        0        0.000000   

6.26 to 6.50

    0        0.00        0.00        0.0000        0        0.000000   

6.51 to 6.75

    0        0.00        0.00        0.0000        0        0.000000   

6.76 to 7.00

    0        0.00        0.00        0.0000        0        0.000000   

7.01 or Greater

    0        0.00        0.00        0.0000        0        0.000000   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Totals

    46        720,927,324.99        100.00        4.7519        113        1.637045   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
 

 

Reports Available at sf.citidirect.com   Page 9 of 25   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

08/12/2016

08/08/2016

 

Citigroup Commercial Mortgage Trust 2016-P4

Commercial Mortgage Pass-Through Certificates

Series 2016-P4

    LOGO

 

Stratification Detail

 

Anticipated Remaining Term

 

Anticipated

Remaining Term

  # of
Loans
    Ending Sched
Balance
    % of Agg
Balance
    WAC     WAM     Wtd Avg
DSCR
 

60 Months or Less

    3        63,984,020.45        8.88        5.0223        57        1.997469   

61 to 90 Months

    0        0.00        0.00        0.0000        0        0.000000   

91 Months or Greater

    43        656,943,304.54        91.12        4.7255        118        1.601941   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Totals

    46        720,927,324.99        100.00        4.7519        113        1.637045   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

(When current DSCR is not available, the most currently provided DSCR will be used.)

Remaining Amortization Term

 

Remaining

Amortization Term

  # of
Loans
    Ending Sched
Balance
    % of Agg
Balance
    WAC     WAM     Wtd Avg
DSCR
 

240 Months or Less

    8        172,674,750.57        23.95        4.3414        108        2.354601   

241 to 270 Months

    0        0.00        0.00        0.0000        0        0.000000   

271 to 300 Months

    1        16,677,577.91        2.31        5.5840        117        1.400000   

301 Months or Greater

    37        531,574,996.51        73.73        4.8591        114        1.411394   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Totals

    46        720,927,324.99        100.00        4.7519        113        1.637045   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
 

 

Reports Available at sf.citidirect.com   Page 10 of 25   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

08/12/2016

08/08/2016

 

Citigroup Commercial Mortgage Trust 2016-P4

Commercial Mortgage Pass-Through Certificates

Series 2016-P4

    LOGO

 

Mortgage Loan Detail

 

Loan

  OMCR   Prop
Type
(1)
  City   State   Interest
Payment
    Principal
Payment
    Gross
Coupon
    Maturity
Date
    Neg
Am
Flag
  Beginning
Scheduled
Balance
    Ending
Scheduled
Balance
    Paid
Through
Date
    Appraisal
Reduction
Date
  Appraisal
Reduction
Amount
    Payment
Status
(2)
  Workout
Strategy
(3)
  Mod
Type
(4)

306291111

  001   RT   Nashville   TN     246,656.67        0.00        4.09200     7/1/26      N     70,000,000.00        70,000,000.00        8/1/16      N/A     0.00      0   0   0

304101585

  002   LO   Huntington Beach   CA     174,633.33        0.00        5.07000     5/1/26      N     40,000,000.00        40,000,000.00        8/1/16      N/A     0.00      0   0   0

306260003

  003   OF   Downers Grove   IL     157,596.25        50,464.74        4.41000     7/1/26      N     41,500,000.00        41,449,535.26        8/1/16      N/A     0.00      0   0   0

304101605

  004   OF   Chicago   IL     132,266.67        35,626.24        4.80000     7/6/26      N     32,000,000.00        31,964,373.76        8/6/16      N/A     0.00      0   0   0

883100586

  005   OF   Wayne   PA     132,886.19        30,921.68        5.15000     6/6/21      N     29,964,942.13        29,934,020.45        8/6/16      N/A     0.00      0   0   0

695100670

  006   RT   Long Beach   CA     107,961.81        0.00        4.25000     7/6/26      N     29,500,000.00        29,500,000.00        8/6/16      N/A     0.00      0   0   0

883100587

  007   RT   Rancho Cucamonga   CA     120,191.31        0.00        4.81300     6/6/26      N     29,000,000.00        29,000,000.00        8/6/16      N/A     0.00      0   0   0

306260008

  008   LO   Various   XX     111,772.22        0.00        4.72000     3/1/21      N     27,500,000.00        27,500,000.00        8/1/16      N/A     0.00      0   0   0

304101597

  009   IN   Austell   GA     51,919.14        0.00        4.24600     6/1/26      N     14,200,000.00        14,200,000.00        8/1/16      N/A     0.00      0   0   0

304101598

  010   IN   West Palm Beach   FL     43,281.19        0.00        4.24600     6/1/26      N     11,837,500.00        11,837,500.00        8/1/16      N/A     0.00      0   0   0

304101610

  011   RT   Scottsdale   AZ     88,153.54        0.00        4.71000     7/1/26      N     21,735,000.00        21,735,000.00        8/1/16      N/A     0.00      0   0   0

304101592

  012   IN   Fife   WA     73,409.29        0.00        4.23600     6/1/26      N     20,125,000.00        20,125,000.00        8/1/16      N/A     0.00      0   0   0

306260013

  013   MF   Westland   MI     83,429.61        0.00        5.02000     6/6/26      N     19,300,000.00        19,300,000.00        8/6/16      N/A     0.00      0   0   0

304101604

  014   RT   Garland   TX     75,032.92        0.00        4.71000     7/6/26      N     18,500,000.00        18,500,000.00        8/6/16      N/A     0.00      0   0   0

306260015

  015   RT   Santa Clarita   CA     70,321.78        0.00        4.64000     7/1/26      N     17,600,000.00        17,600,000.00        8/1/16      N/A     0.00      0   0   0

306260016

  016   LO   Savannah   GA     80,305.70        23,395.90        5.58400     5/6/26      N     16,700,973.81        16,677,577.91        8/6/16      N/A     0.00      0   0   0

306260017

  017   LO   Lexington   KY     59,225.93        0.00        4.57000     7/1/26      N     15,050,000.00        15,050,000.00        8/1/16      N/A     0.00      0   0   0

695100685

  018   LO   Orlando   FL     65,929.05        13,385.82        5.48000     5/6/26      N     13,971,307.53        13,957,921.71        8/6/16      N/A     0.00      0   0   0

304101600

  019   RT   Brooklyn   NY     56,650.35        0.00        4.75000     5/6/26      N     13,850,000.00        13,850,000.00        8/6/16      N/A     0.00      0   0   0

306260020

  020   SS   Various   MI     57,311.25        0.00        4.93000     6/6/26      N     13,500,000.00        13,500,000.00        8/6/16      N/A     0.00      0   0   0

306260021

  021   MF   Dearborn Heights   MI     58,240.79        0.00        5.02000     6/6/26      N     13,473,000.00        13,473,000.00        8/6/16      N/A     0.00      0   0   0

306260022

  022   SS   Various   XX     57,847.29        0.00        5.07000     5/6/26      N     13,250,000.00        13,250,000.00        8/6/16      N/A     0.00      0   0   0

883100573

  023   MU   Orlando   FL     55,529.21        13,386.40        5.09500     4/6/26      N     12,656,631.07        12,643,244.67        8/6/16      N/A     0.00      0   0   0

304101582

  024   SS   Various   XX     56,618.23        0.00        5.21000     5/6/26      N     12,620,000.00        12,620,000.00        8/6/16      N/A     0.00      0   0   0

883100591

  025   RT   Asheville   NC     46,015.63        12,669.70        4.75000     7/6/26      N     11,250,000.00        11,237,330.30        8/6/16      N/A     0.00      0   0   0

306260026

  026   OF   Chandler   AZ     46,603.33        0.00        4.92000     1/6/26      N     11,000,000.00        11,000,000.00        8/6/16      N/A     0.00      0   0   0

 

Reports Available at sf.citidirect.com   Page 11 of 25   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

08/12/2016

08/08/2016

 

Citigroup Commercial Mortgage Trust 2016-P4

Commercial Mortgage Pass-Through Certificates

Series 2016-P4

    LOGO

 

Mortgage Loan Detail

 

Loan

  OMCR     Prop
Type
(1)
  City     State     Interest
Payment
    Principal
Payment
    Gross
Coupon
    Maturity
Date
    Neg
Am
Flag
    Beginning
Scheduled Balance
    Ending Scheduled
Balance
    Paid
Through
Date
    Appraisal
Reduction
Date
    Appraisal
Reduction
Amount
    Payment
Status
(2)
    Workout
Strategy
(3)
    Mod
Type
(4)
 

304101599

    027      RT     Winchester        VA        45,788.82        12,190.62        4.84000     6/6/26        N        10,986,387.23        10,974,196.61        8/6/16        N/A        0.00        0        0        0   

695100677

    028      OF     Chesapeake        VA        42,008.01        12,703.65        4.53800     7/6/26        N        10,750,000.00        10,737,296.35        8/6/16        N/A        0.00        0        0        0   

306260029

    029      MF     Roseville        MI        44,524.61        0.00        5.02000     6/6/26        N        10,300,000.00        10,300,000.00        8/6/16        N/A        0.00        0        0        0   

304101586

    02A      N/A         87,316.67        0.00        5.07000     5/1/26        N        20,000,000.00        20,000,000.00        8/1/16        N/A        0.00        0        0        0   

304101594

    030      IN     Broomfield        CO        33,729.16        0.00        4.24600     6/1/26        N        9,225,000.00        9,225,000.00        8/1/16        N/A        0.00        0        0        0   

304101603

    031      RT     Bradenton        FL        38,472.72        0.00        5.02000     6/6/26        N        8,900,000.00        8,900,000.00        8/6/16        N/A        0.00        0        0        0   

695100678

    032      RT     Farmington Hills        MI        34,263.61        0.00        4.60000     7/6/26        N        8,650,000.00        8,650,000.00        8/6/16        N/A        0.00        0        0        0   

883100567

    033      IN     San Antonio        TX        35,201.15        0.00        4.95500     2/6/26        N        8,250,000.00        8,250,000.00        8/6/16        N/A        0.00        0        0        0   

695100676

    034      OF     Ann Arbor        MI        32,219.85        0.00        4.79700     7/6/26        N        7,800,000.00        7,800,000.00        8/6/16        N/A        0.00        0        0        0   

304101590

    035      SS     Fairfield        CA        28,904.92        0.00        5.01000     5/6/26        N        6,700,000.00        6,700,000.00        8/6/16        N/A        0.00        0        0        0   

695100675

    036      RT     Phoenix        AZ        32,194.71        0.00        5.70800     7/6/21        N        6,550,000.00        6,550,000.00        8/6/16        N/A        0.00        0        0        0   

695100673

    037      LO     Guymon        OK        28,179.86        12,749.43        5.50000     7/6/26        N        5,950,000.00        5,937,250.57        8/6/16        N/A        0.00        0        0        0   

695100665

    038      RT     San Diego        CA        23,726.19        0.00        4.67000     6/6/26        N        5,900,000.00        5,900,000.00        8/6/16        N/A        0.00        0        0        0   

883100574

    039      RT     Phoenix        AZ        26,347.76        0.00        5.18600     5/6/26        N        5,900,000.00        5,900,000.00        8/6/16        N/A        0.00        0        0        0   

306260040

    040      RT     Clinton Township        MI        24,271.16        5,143.70        5.38000     5/6/26        N        5,239,007.03        5,233,863.33        8/6/16        N/A        0.00        0        0        0   

306260041

    041      MF     Gunnison        CO        21,941.11        0.00        4.90000     5/6/26        N        5,200,000.00        5,200,000.00        8/6/16        N/A        0.00        0        0        0   

695100671

    042      RT     Bernalillo        NM        19,633.33        5,405.74        4.75000     7/6/26        N        4,800,000.00        4,794,594.26        8/6/16        N/A        0.00        0        0        0   

695100666

    043      RT     McMinnville        OR        16,261.44        0.00        4.57800     6/6/26        N        4,125,000.00        4,125,000.00        8/6/16        N/A        0.00        0        0        0   

304101606

    044      RT     Gulfport        MS        16,404.17        0.00        5.08000     7/6/26        N        3,750,000.00        3,750,000.00        8/6/16        N/A        0.00        0        0        0   

304101595

    045      SS     Kelseyville        CA        9,754.11        2,038.04        5.40000     6/6/26        N        2,097,657.85        2,095,619.81        8/6/16        N/A        0.00        0        0        0   
 

 

 

         

 

 

   

 

 

         

 

 

   

 

 

       

 

 

       

Totals

    46              2,950,932.04        230,081.66              721,157,406.65        720,927,324.99            0.00         
 

 

 

         

 

 

   

 

 

         

 

 

   

 

 

       

 

 

       

 

Reports Available at sf.citidirect.com   Page 12 of 25   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

08/12/2016

08/08/2016

 

Citigroup Commercial Mortgage Trust 2016-P4

Commercial Mortgage Pass-Through Certificates

Series 2016-P4

    LOGO

 

Delinquency Loan Detail

 

Loan
Number

   OMCR    # of Months
Delinq
   Actual
Principal
Balance
   Paid
Through
Date
   Current P&I
Advances
(Net of ASER)
   Total P&I
Advances
Outstanding
   Cumulative
Accrued Unpaid
Interest Advances
   Other Expense
Advances
Outstanding
   Payment
Status
(2)
   Workout
Strategy
(3)
   Most Recent
Special Serv
Transfer Date
   Foreclosure
Date
   Bankruptcy
Date
   REO
Date
There is no delinquency loan activity for the current distribution period.

 

Reports Available at sf.citidirect.com   Page 13 of 25   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

08/12/2016

08/08/2016

 

Citigroup Commercial Mortgage Trust 2016-P4

Commercial Mortgage Pass-Through Certificates

Series 2016-P4

    LOGO

 

Historical Delinquency Information

 

     Less Than 1 Month     1 Month     2 Months     3 Months     4+ Months     Bankruptcy     Foreclosure     REO  

Distribution

Date

   End Sched
Bal
    #     End Sched
Bal
    #     End Sched
Bal
    #     End Sched
Bal
    #     End Sched
Bal
    #     End Sched
Bal
    #     End Sched
Bal
    #     End Sched
Bal
    #  

08/12/2016

     0.00        0        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0        0.00        0   
     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0     0.000     0.0

 

Reports Available at sf.citidirect.com   Page 14 of 25   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

08/12/2016

08/08/2016

 

Citigroup Commercial Mortgage Trust 2016-P4

Commercial Mortgage Pass-Through Certificates

Series 2016-P4

    LOGO

 

Appraisal Reduction Detail

 

Loan Number

   OMCR      Property Name      Appraisal
Reduction Amount
     Appraisal
Reduction Date
     Most Recent
ASER Amount
     Cumulative
ASER Amount
 
There is no appraisal reduction activity for the current distribution period.   

Totals

                 

 

Reports Available at sf.citidirect.com   Page 15 of 25   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

08/12/2016

08/08/2016

 

Citigroup Commercial Mortgage Trust 2016-P4

Commercial Mortgage Pass-Through Certificates

Series 2016-P4

    LOGO

 

Historical Appraisal Reduction Detail

 

Distribution Date

   Loan
Number
   OMCR    Property Name    Appraisal
Reduction Amount
   Appraisal
Reduction Date
   Most Recent
ASER Amount
   Cumulative
ASER Amount
There is no historical appraisal reduction activity.

 

Reports Available at sf.citidirect.com   Page 16 of 25   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

08/12/2016

08/08/2016

 

Citigroup Commercial Mortgage Trust 2016-P4

Commercial Mortgage Pass-Through Certificates

Series 2016-P4

    LOGO

 

Loan Modification Detail

 

Loan Number

   OMCR      Property Name      Modification
Date
     Modification
Type (4)
     Modification
Description
 
There is no loan modification activity for the current distribution period.   

Totals

              

 

Reports Available at sf.citidirect.com   Page 17 of 25   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

08/12/2016

08/08/2016

 

Citigroup Commercial Mortgage Trust 2016-P4

Commercial Mortgage Pass-Through Certificates

Series 2016-P4

    LOGO

 

Historical Loan Modification Detail

 

Distribution Date

   Loan
Number
   OMCR    Property Name    Modification
Date
   Modification
Type (4)
   Modification
Description
There is no historical loan modification activity.

 

Reports Available at sf.citidirect.com   Page 18 of 25   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

08/12/2016

08/08/2016

 

Citigroup Commercial Mortgage Trust 2016-P4

Commercial Mortgage Pass-Through Certificates

Series 2016-P4

    LOGO

 

Specially Serviced Loan Detail

 

Loan Number

   OMCR      Workout
Strategy
(3)
   Most Recent
Inspection
Date
   Most Recent
Specially Serviced
Transfer Date
   Most Recent
Valuation Date
   Most Recent
Value
   Other REO
Property Value
   Comment from Special Servicer

There is no specially serviced loan activity for the current distribution period.

Totals

     

 

Reports Available at sf.citidirect.com   Page 19 of 25   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

08/12/2016

08/08/2016

 

Citigroup Commercial Mortgage Trust 2016-P4

Commercial Mortgage Pass-Through Certificates

Series 2016-P4

    LOGO

 

Historical Specially Serviced Loan Detail

 

Distribution
Date

   Loan
Number
   OMCR    Special
Serviced
Trans Date
   Workout
Strategy
(3)
   Special
Serviced
Loan to MS
   Scheduled
Balance
   Actual
Balance
   Property
Type
(1)
   State    Interest
Rate
   Note
Date
   Net
Operating
Income
(NOI)
   DSCR    Maturity
Date
   WART
There is no historic specially serviced loan activity.

 

Reports Available at sf.citidirect.com   Page 20 of 25   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

08/12/2016

08/08/2016

 

Citigroup Commercial Mortgage Trust 2016-P4

Commercial Mortgage Pass-Through Certificates

Series 2016-P4

    LOGO

 

Unscheduled Principal Detail

 

Loan Number

  OMCR     Liquidation /
Prepayment Date
    Liquid / Prepay
Type (5)
    Unscheduled
Principal Collections
    Unscheduled
Principal Adjustments
    Other
Interest Adjustments
    Prepayment Interest
Excess / (Shortfall)
    Prepayment
Penalties
    Yield Maintenance
Penalties
 
There is no unscheduled principal activity for the current distribution period.   

Totals

                 

 

Reports Available at sf.citidirect.com   Page 21 of 25   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

08/12/2016

08/08/2016

 

Citigroup Commercial Mortgage Trust 2016-P4

Commercial Mortgage Pass-Through Certificates

Series 2016-P4

    LOGO

 

Historical Unscheduled Principal Detail

 

Distribution

Date

  Loan
Number
  OMCR   Liquidation /
Prepayment Date
  Liquid / Prepay
Type (5)
  Unscheduled
Principal Collections
  Unscheduled
Principal Adjustments
  Other
Interest Adjustments
  Prepayment Interest
Excess / (Shortfall)
  Prepayment
Penalties
  Yield Maintenance
Penalties
There is no historical unscheduled principal activity.  

 

Reports Available at sf.citidirect.com   Page 22 of 25   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

08/12/2016

08/08/2016

 

Citigroup Commercial Mortgage Trust 2016-P4

Commercial Mortgage Pass-Through Certificates

Series 2016-P4

    LOGO

 

Liquidated Loan Detail

 

Loan

Number

  OMCR     Final Recovery
Determ Date
    Most Recent
Appraisal Date
    Most Recent
Appraisal Value
    Actual
Balance
    Gross
Proceeds
    Proceeds
as % of Act Bal
    Liquidation
Expenses
    Net Liquidation
Proceeds
    Net Proceeds
as a % of Act Bal
    Realized
Losses
    Repurchased by
Seller (Y/N)
 
There is no liquidated loan activity for the current distribution period.   

Totals

                       

 

Reports Available at sf.citidirect.com   Page 23 of 25   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

08/12/2016

08/08/2016

 

Citigroup Commercial Mortgage Trust 2016-P4

Commercial Mortgage Pass-Through Certificates

Series 2016-P4

    LOGO

 

Historical Liquidated Loan Detail

 

Distribution
Date

   Loan
Number
   OMCR    Final Recovery
Determ Date
   Most Recent
Appraisal Date
   Most Recent
Appraisal Value
   Actual
Balance
   Gross
Proceeds
   Gross Proceeds
as % of Act Bal
   Liquidation
Expenses
   Net Liquidation
Proceeds
   Net Proceeds
as a % of Act Bal
   Realized
Loss
   Repurchased by
Seller (Y/N)
There is no historical liquidated loan activity.

 

Reports Available at sf.citidirect.com   Page 24 of 25   © Copyright 2016 Citigroup


Distribution Date:

Determination Date:

 

08/12/2016

08/08/2016

 

Citigroup Commercial Mortgage Trust 2016-P4

Commercial Mortgage Pass-Through Certificates

Series 2016-P4

    LOGO

 

CREFC® Legends

 

(1) Property Type

  

(3) Workout Strategy

  

(5) Liquidation / Prepayment Type

MF = Multifamily    1. Modification    1. Partial Liquidation (Curtailment)
RT = Retail    2. Foreclosure    2. Payoff Prior To Maturity
HC = HealthCare    3. Bankruptcy    3. Disposition / Liquidation
IN = Industrial    4. Extension    4. Repurchase / Substitution
WH = Warehouse    5. Note Sale    5. Full Payoff At Maturity
MH = Mobile Home Park    6. DPO    6. DPO
OF = Office    7. REO    7. Not Used
MU = Mixed Use    8. Resolved    8. Payoff With Penalty
LO = Lodging    9. Pending Return to Master Servicer    9. Payoff With Yield Maintenance
SS = Self Storage    10. Deed In Lieu of Foreclosure    10. Curtailment With Penalty
OT = Other    11. Full Payoff    11. Curtailment With Yield Maintenance
SE = Securities    12. Reps and Warranties   
CH = Cooperative Housing    13. Other or TBD   
N/A = Not Available    98. Not Provided By Servicer   

(2) Payment Status

  

(4) Modification Type

    
A. In Grace Period    1. Maturity Date Extension   
B. Late, but less than 30 Days    2. Amortization Change   
0. Current    3. Principal Write-Off   
1. 30-59 Days Delinquent    4. Blank (formerly Combination)   
2. 60-89 Days Delinquent    5. Temporary Rate Reduction   
3. 90+ Days Delinquent    6. Capitalization of Interest   
4. Performing Matured Balloon    7. Capitalization of Taxes   
5. Non Performing Matured Balloon    8. Other   
98. Not Provided By Servicer    9. Combination   

 

Reports Available at sf.citidirect.com   Page 25 of 25   © Copyright 2016 Citigroup


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