**UNITED STATESSECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 10-K**

(Mark One)

**x****  ANNUAL REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**For the fiscal year ended December 31, 2019or**

**o**** ****TRANSITIONREPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**For the transition period from _____ to _____Commission file number of the issuing entity: 333-207361-01**

**Central Index Key Number of the issuing entity:0001661136**

**CSAIL 2016-C5 Commercial MortgageTrust**

**(exact name of the issuing entity as specified in itscharter)**

** **

**Central Index Key Number of the depositor: 0001654060**

**Credit Suisse Commercial MortgageSecurities Corp.**

**(exact name of the depositor as specified in itscharter)**

** **

**Central Index Key Number of the sponsor: 0001628601**

**Column Financial, Inc.**

**(exact name of the sponsor as specified in its charter)**

** **

**Central Index Key Number of the sponsor: 0001592182**

**LMF Commercial, LLC**

**(exact name of the sponsor as specified in its charter)**

**(formerly known as RialtoMortgage Finance, LLC)**

** **

**Central Index Key Number of the sponsor: 0001497973**

**The Bank of New York Mellon**

**(exact name of the sponsor as specified in its charter)**

** **

**Central Index Key Number of the sponsor: 0001624053**

**Argentic Real Estate Finance LLC**

**(exact name of the sponsor as specified in its charter)**

**(formerly known asSilverpeak Real Estate Finance LLC)**

** **

**Central Index Key Number of the sponsor: 0001555524**

**LoanCore Capital Markets LLC**

**(exact name of the sponsor as specified in its charter)**

**(formerly known asJefferies LoanCore LLC)**

** **

| **New York****(State or other jurisdiction of  incorporation or organization of**

**the issuing entity)** | **38-3984707**

**38-3984708**

**38-7145080**

**(I.R.S. Employer**

**Identification Numbers)** |
|------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------|

**c/o Wells Fargo Bank, National Association**

**as Certificate Administrator**

**9062 Old Annapolis Road**

**Columbia, MD**

**(Address of principalexecutive offices of the issuing entity)**

**21045**

**(Zip Code)**

**Registrant’s telephone number,including area code:**

**(212) 272-6858**

Securities registered pursuant to Section 12(b) of the Act:

| Title of each class | Trading Symbol(s) | Name of each  exchange on which registered |
|---------------------|-------------------|--------------------------------------------|
| None                |              |                                       |

Securities registered pursuant to Section 12(g) of theAct:  None.

Indicate by check mark if the registrant is a well-knownseasoned issuer, as defined in Rule 405 of the Securities Act.  o Yes ⌧No

Indicate by check mark if the registrant is not required tofile reports pursuant to Section 13 or Section 15(d) of the Act.  o Yes ⌧No

Indicate by check mark whether the registrant (1) has filedall reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter periodthat the registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days.  ⌧ Yes oNo

Indicate by check mark whether the registrant has submittedelectronically and posted on its corporate Web site, if any, every InteractiveData File required to be submitted and posted pursuant to Rule 405 ofRegulation S-T (Section 232.405 of this chapter) during the preceding 12 months(or for such shorter period that the registrant was required to submit and postsuch files).

Not applicable.

Indicate by check mark if disclosure of delinquent filerspursuant to Item 405 of Regulation S-K (Section 229.405 of this chapter) is notcontained herein, and will not be contained, to the best of registrant’sknowledge, in definitive proxy or information statements incorporated byreference in Part III of this Form 10-K or any amendment to this Form10-K.   

Not applicable.

Indicate by check mark whether the registrant is a largeaccelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “largeaccelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer       o                                       Acceleratedfiler                                                                        o

Non-acceleratedfiler         ⌧  (Do not check if a smaller reportingcompany)                                       Smaller reportingcompany                                                        o

                                                                              Emerging growthcompany                                                        o

If an emerging growth company, indicate by check mark if theregistrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant toSection 13(a) of the Exchange Act.  o

Indicate by check mark whether the registrant is a shellcompany (as defined in Rule 12b-2 of the Act).  o Yes ⌧ No

State the aggregate market value of the voting and non-votingcommon equity held by non-affiliates computed by reference to the price atwhich the common equity was last sold, or the average bid and asked price ofsuch common equity, as of the last business day of the registrant’s mostrecently completed second fiscal quarter.

Not applicable.

Indicate by check mark whether the registrant has filed alldocuments and reports required to be filed by Section 12, 13 or 15(d) of theSecurities Exchange Act of 1934 subsequent to the distribution of securitiesunder a plan confirmed by a court.  oYes oNo

Not applicable.

Indicate the number of shares outstanding of each of theregistrant’s classes of common stock, as of the latest practicable date.

Not applicable.

**DOCUMENTS INCORPORATED BY REFERENCE**

** **

List hereunder the following documents if incorporated byreference and the Part of the Form 10-K (e.g., Part I, Part II, etc.) intowhich the document is incorporated: (1) Any annual report to security holders;(2) Any proxy or information statement; and (3) Any prospectus filed pursuantto Rule 424(b) or (c) under the Securities Act of 1933. The listed documentsshould be clearly described for identification purposes (e.g., annual report tosecurity holders for fiscal year ended December 24, 1980).

Not applicable.

 

** **

**EXPLANATORY NOTES**

The FedEx Brooklyn Mortgage Loan, whichconstituted approximately 9.3% of the asset pool of the issuing entity as ofits cut-off date, is an asset of the issuing entity and is part of a loancombination that includes the FedEx Brooklyn Mortgage Loan which is an asset ofthe issuing entity and one other *pari passu* loan, which is not an assetof the issuing entity. This loan combination, including the FedEx BrooklynMortgage Loan, is being serviced and administered pursuant to the Pooling andServicing Agreement, which is incorporated by reference as Exhibit 4.1 to thisAnnual Report on Form 10-K. 

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the Starwood Capital Extended Stay PortfolioMortgage Loan, which constituted approximately 8.0% of the asset pool of theissuing entity as of its cut-off date.  The Starwood Capital Extended StayPortfolio Mortgage Loan is an asset of the issuing entity and is part of a loancombination that includes the Starwood Capital Extended Stay Portfolio MortgageLoan and two other *pari passu* loans, which are not assets of the issuingentity. A *pari passu* portion of the loan combination was securitized inthe CSAIL 2015-C3 Commercial Mortgage Trust transaction, Commission File Number333-199921-03 (the “CSAIL 2015-C3 Transaction”). This loan combination,including the Starwood Capital Extended Stay Portfolio Mortgage Loan, is beingserviced and administered pursuant to the pooling and servicing agreement forthe CSAIL 2015-C3 Transaction, which is incorporated by reference as Exhibit4.2 to this Annual Report on Form 10-K.

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the Sheraton Lincoln Harbor Hotel Mortgage Loan,which constituted approximately 2.1% of the asset pool of the issuing entity asof its cut-off date.  The Sheraton Lincoln Harbor Hotel Mortgage Loan isan asset of the issuing entity and is part of a loan combination that includesthe Sheraton Lincoln Harbor Hotel Mortgage Loan and one other *pari passu*loan, which is not an asset of the issuing entity. The other *pari passu*portion of the loan combination was securitized in the Wells Fargo CommercialMortgage Trust 2015-C31 transaction, Commission File Number 333-195164-15 (the“WFCMT 2015-C31 Transaction”). This loan combination, including theSheraton Lincoln Harbor Hotel Mortgage Loan, is being serviced and administeredpursuant to the pooling and servicing agreement for the WFCMT 2015-C31Transaction, which is incorporated by reference as Exhibit 4.3 to this AnnualReport on Form 10-K.

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the GLP Industrial Portfolio A Mortgage Loan,which constituted approximately 9.3% of the asset pool of the issuing entity asof its cut-off date.  The GLP Industrial Portfolio A Mortgage Loan is anasset of the issuing entity and is part of a loan combination that includes theGLP Industrial Portfolio A Mortgage Loan and four other *pari passu* loansand two subordinate companion loans, which are not assets of the issuingentity. A *pari passu* portion of the loan combination was securitized inthe CSMC Trust 2015-GLPA transaction (the “CSMC 2015-GLPA Transaction”).This loan combination, including the GLP Industrial Portfolio A Mortgage Loan,is being serviced and administered pursuant to the trust and servicingagreement for the CSMC 2015-GLPA Transaction, which is incorporated byreference as Exhibit 4.4 to this Annual Report on Form 10-K.

The master servicer of a poolingand servicing agreement or trust and servicing agreement also functions as theprimary servicer of the related mortgage loans serviced and administeredpursuant to such agreement unless a separate primary servicer is identifiedherein.  If this report does not identify a separate primary servicer, theservicer compliance statement provided by the master servicer under any suchagreement also encompasses its responsibilities as primary servicer of therelated mortgage loan or mortgage loans.

KeyBank National Association isthe master servicer of the mortgage loans serviced under the Pooling andServicing Agreement and the primary servicer of the GLP Industrial Portfolio AMortgage Loan. As a result, KeyBank National Association is a “servicer” asdefined in Item 1108(a)(2)(iii) of Regulation AB, in the capacities describedabove, because it is servicing mortgage loans that constituted 10% or more ofthe assets of the issuing entity as of its cut-off date. The assessments ofcompliance with applicable servicing criteria, accountants’ attestation reportsand servicer compliance statements delivered by KeyBank National Association inthe capacities described above are listed in the Exhibit Index.

Rialto Capital Advisors, LLC isthe special servicer of the mortgage loans serviced under the Pooling andServicing Agreement and the Starwood Capital Extended Stay Portfolio MortgageLoan. As a result, Rialto Capital Advisors, LLC is a “servicer” as defined inItem 1108(a)(2)(iii) of Regulation AB, in the capacities described above,because it is servicing mortgage loans that constituted 10% or more of theassets of the issuing entity as of its cut-off date. The assessments ofcompliance with applicable servicing criteria, accountants’ attestation reportsand servicer compliance statements delivered by Rialto Capital Advisors, LLC inthe capacities described above are listed in the Exhibit Index.

Wells Fargo Bank, NationalAssociation is the certificate administrator of the mortgage loans servicedunder the Pooling and Servicing Agreement and the primary servicer of theSheraton Lincoln Harbor Hotel Mortgage Loan. As a result, Wells Fargo Bank,National Association is a “servicer” as defined in Item 1108(a)(2)(iii) ofRegulation AB, in the capacities described above, because it is servicingmortgage loans that constituted 10% or more of the assets of the issuing entityas of its cut-off date. The assessments of compliance with applicable servicingcriteria, accountants’ attestation reports and servicer compliance statementsdelivered by Wells Fargo Bank, National Association in the capacities describedabove are listed in the Exhibit Index.

Wells Fargo Bank, National Association is the custodian of themortgage loans serviced under the Pooling and Servicing Agreement, the GLPIndustrial Portfolio A Mortgage Loan, the Starwood Capital Extended StayPortfolio Mortgage Loan and the Sheraton Lincoln Harbor Hotel MortgageLoan.  As a result, Wells Fargo Bank, National Association is a servicingfunction participant in the capacities described above, because it is servicingmortgage loans that constituted 5% or more of the assets of the issuing entityas of its cut-off date. The assessments of compliance with applicable servicingcriteria and accountants’ attestation reports delivered by Wells Fargo Bank,National Association in the capacities described above are listed in theExhibit Index.

Midland Loan Services, a Divisionof PNC Bank, National Association is the primary servicer of the StarwoodCapital Extended Stay Portfolio Mortgage Loan and the special servicer of theSheraton Lincoln Harbor Hotel Mortgage Loan. As a result, Midland LoanServices, a Division of PNC Bank, National Association is a “servicer” asdefined in Item 1108(a)(2)(iii) of Regulation AB, in the capacities describedabove, because it is servicing mortgage loans that constituted 10% or more ofthe assets of the issuing entity as of its cut-off date. The assessments ofcompliance with applicable servicing criteria, accountants’ attestation reportsand servicer compliance statements delivered by Midland Loan Services, aDivision of PNC Bank, National Association in the capacities described aboveare listed in the Exhibit Index.

Wells Fargo Bank, NationalAssociation acts as trustee of the FedEx Brooklyn Mortgage Loan, the StarwoodCapital Extended Stay Portfolio Mortgage Loan and the GLP Industrial PortfolioA Mortgage Loan.  Pursuant to the Pooling and Servicing Agreement, the poolingand servicing agreement for the CSAIL 2015-C3 Transaction and the trust andservicing agreement for the CSMC 2015-GLPA Transaction, the trustee is requiredto provide an assessment of compliance with applicable servicing criteriasolely with respect to Item 1122(d)(2)(iii) of Regulation AB (regardingadvances of funds or guarantees regarding collections, cash flows ordistributions, and any interest or other fees charged for such advances, aremade, reviewed and approved as specified in the transaction agreements).However, during the reporting period, the trustee did not perform any servicingfunction with respect to the servicing criteria specified in Item1122(d)(2)(iii) of Regulation AB.  The master servicer or the specialservicer, to the extent required, performed the servicing function identifiedwith respect to Item 1122(d)(2)(iii) of Regulation AB, and each such partyincluded Item 1122(d)(2)(iii) of Regulation AB in the assessment of compliancewith applicable servicing criteria and accountant’s attestation report for thesubject transaction.  As a result, this Annual Report on Form 10-K doesnot include an assessment of compliance with applicable servicing criteria ofthe trustee. One or more other servicers of the mortgage loans serviced underthe Pooling and Servicing Agreement, the Starwood Capital Extended StayPortfolio Mortgage Loan and the GLP Industrial Portfolio A Mortgage Loan havedelivered one or more assessments of compliance with respect to Item1122(d)(2)(iii) of Regulation AB.

Wilmington Trust, NationalAssociation acts as trustee of the Sheraton Lincoln Harbor Hotel MortgageLoan.  Pursuant to the pooling and servicing agreement for the WFCMT2015-C31 Transaction, the trustee is required to provide an assessment ofcompliance with applicable servicing criteria solely with respect to Item1122(d)(2)(iii) of Regulation AB (regarding advances of funds or guaranteesregarding collections, cash flows or distributions, and any interest or otherfees charged for such advances, are made, reviewed and approved as specified inthe transaction agreements). However, during the reporting period, the trusteedid not perform any servicing function with respect to the servicing criteriaspecified in Item 1122(d)(2)(iii) of Regulation AB.  The master serviceror the special servicer, to the extent required, performed the servicingfunction identified with respect to Item 1122(d)(2)(iii) of Regulation AB, andeach such party included Item 1122(d)(2)(iii) of Regulation AB in theassessment of compliance with applicable servicing criteria and accountant’sattestation report for the subject transaction.  As a result, this AnnualReport on Form 10-K does not include an assessment of compliance withapplicable servicing criteria of the trustee. One or more other servicers ofthe Sheraton Lincoln Harbor Hotel Mortgage Loan have delivered one or moreassessments of compliance with respect to Item 1122(d)(2)(iii) of RegulationAB.

This Annual Report on Form 10-Kincludes assessments of compliance with applicable servicing criteria andaccountants’ attestation reports from CoreLogic Commercial Real EstateServices, Inc. and National Tax Search, LLC.  These entities were engagedby the primary servicer of the Sheraton Lincoln Harbor Hotel Mortgage Loan toremit tax payments received from the escrow accounts of borrowers to localtaxing authorities, to report tax amounts due, to verify tax parcelinformation, and to verify non-escrow tax payments. These servicing functionsare included within the servicing criteria set forth in Items 1122(d)(4)(xi)and 1122(d)(4)(xii) of Regulation AB.  Therefore, under theprinciples-based definition of “servicer” set forth in Item 1101(j) ofRegulation AB that looks to the functions that an entity performs, thesevendors are “servicers” for the purposes of Item 1122 of Regulation AB.  *See*Compliance and Disclosure Interpretations, Section 301.01 (Item 1101(j)).

Theassessments of compliance with applicable servicing criteria, accountants’attestation reports and servicer compliance statements of the certificateadministrator of the Starwood Capital Extended Stay Portfolio Mortgage Loan,the Sheraton Lincoln Harbor Hotel Mortgage Loan and the GLP IndustrialPortfolio A Mortgage Loan listed on the Exhibit Index are omitted from thisAnnual Report on Form 10-K as the certificate administrator pursuant to therelated pooling and servicing agreement or trust and servicing agreement doesnot perform any activities that address servicing criteria with respect to theissuing entity and because they are each not a “servicer” that meets thecriteria in Item 1108(a)(2)(i) through (iii) of Regulation AB.

With respect to the *pari passu*loan combinations that include the Sheraton Lincoln Harbor Hotel Mortgage Loanand the GLP Industrial Portfolio A Mortgage Loan, (i) the report on assessmentof compliance with servicing criteria and attestation report on assessment ofcompliance with servicing criteria of Trimont Real Estate Advisors, LLC astrust advisor of the Sheraton Lincoln Harbor Hotel Mortgage Loan, listed on theExhibit Index is omitted from this Annual Report on Form 10-K as it is notrequired to be included on this Annual Report on Form 10-K per Instruction 3 toItem 1122 of Regulation AB because it is a party performing activities thataddress servicing criteria relating to 5% or less of the assets of the issuingentity; and (ii) the servicer compliance statement of AEGON USA RealtyAdvisors, LLC as special servicer of the GLP Industrial Portfolio A MortgageLoan, listed on the Exhibit Index is omitted from this Annual Report on Form10-K as it is not required by Item 1123 of Regulation AB to be included on thisAnnual Report on Form 10-K because it is an unaffiliated party that is not a“servicer” that meets the criteria in Item 1108(a)(2)(i) through (iii) ofRegulation AB.

**PART I**

**Item 1.  Business.**

Omitted.

**Item 1A.  Risk Factors.**

Omitted.

**Item 1B.  Unresolved Staff Comments.**

None.

**Item 2.  Properties.**

Omitted.

**Item 3.  Legal Proceedings.**

Omitted.

**Item 4.  Mine Safety Disclosures.**

Not applicable.

**PART II**

**Item 5.  Market for Registrant’s Common Equity,Related Stockholder Matters and Issuer Purchases of Equity Securities.**

Omitted.

**Item 6.  Selected Financial Data.**

Omitted.

**Item 7.  Management’s Discussion and Analysis of FinancialCondition and Results of Operations.**

Omitted.

**Item 7A.  Quantitative and Qualitative DisclosuresAbout Market Risk.**

Omitted.

**Item 8.  Financial Statements and Supplementary Data.**

Omitted.

**Item 9.  Changes in and Disagreements WithAccountants on Accounting and Financial Disclosure.**

Omitted.

**Item 9A.  Controls and Procedures.**

Omitted.

**Item 9B.  Other Information.**

None.

**PART III**

**Item 10.  Directors, Executive Officers and CorporateGovernance.**

Omitted.

**Item 11.  Executive Compensation.**

Omitted.

**Item 12.  Security Ownership of Certain BeneficialOwners and Management and Related Stockholder Matters.**

Omitted.

**Item 13.  Certain Relationships and RelatedTransactions, and Director Independence.**

Omitted.

**Item 14.  Principal Accounting Fees and Services.**

Omitted.

**ADDITIONAL DISCLOSURE ITEMS FOR REGULATION AB**

**Item 1112(b) of Regulation AB, Significant ObligorFinancial Information.**

No single obligor represents 10% or more of the pool assetsheld by the issuing entity. 

**Item 1114(b)(2) of Regulation AB, Significant EnhancementProvider Financial Information.**

No entity or group of affiliated entities provides any externalcreditenhancement or other support for the certificates within this transaction asdescribed under Item 1114(a) of Regulation AB.

**Item 1115(b) of Regulation AB, Certain DerivativesInstruments (Financial Information).**

No entity or group of affiliated entities provides anyderivative instruments or other support for the certificates within thistransaction as described under Item 1115 of Regulation AB.

**Item 1117 of Regulation AB, Legal Proceedings.**

The registrant knows of no material pending legal proceedinginvolving the trust or any party related to the trust, other than routinelitigation incidental to the duties of those respective parties, and thefollowing, with respect to Wells Fargo Bank, National Association, ascertificate administrator, as custodian and as trustee.

Beginning on June 18, 2014, a group of institutionalinvestors filed civil complaints in the Supreme Court of the State of New York,New York County, and later the U.S. District Court for the Southern District ofNew York, against Wells Fargo Bank, N.A., (“Wells Fargo Bank”) in itscapacity as trustee for certain residential mortgage backed securities (“RMBS”)trusts.  The complaints against Wells Fargo Bank alleged that the trusteecaused losses to investors and asserted causes of action based upon, amongother things, the trustee's alleged failure to: (i) notify and enforcerepurchase obligations of mortgage loan sellers for purported breaches ofrepresentations and warranties, (ii) notify investors of alleged events ofdefault, and (iii) abide by appropriate standards of care following allegedevents of default. Relief sought included money damages in an unspecifiedamount, reimbursement of expenses, and equitable relief. In November 2018,Wells Fargo Bank reached an agreement, in which it denied any wrongdoing, toresolve such claims on a classwide basis for the 271 RMBS trusts at issue. On May 6, 2019, the court entered an order approving the settlementagreement.  Separate lawsuits against Wells Fargo Bank making similarallegations filed by certain other institutional investors concerning severalRMBS trusts in New York federal and state court are not covered by theagreement.  With respect to such litigations, Wells Fargo Bank believesplaintiffs' claims are without merit and intends to contest the claimsvigorously, but there can be no assurances as to the outcome of the litigationsor the possible impact of the litigations on Wells Fargo Bank or the RMBStrusts.

**Item 1119 of Regulation AB, Affiliations and CertainRelationships and Related Transactions.**

The information regarding this Item has been previouslyprovided in the prospectus of the Registrant relating to the issuing entityfiled on February 9, 2016 pursuant to Rule 424(b)(2).

**Item 1122 of Regulation AB, Compliance with ApplicableServicing Criteria.**

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the mortgage loans are attachedhereto under Item 15 to this Annual Report on Form 10-K. Attached as Exhibit AAto the Pooling and Servicing Agreement incorporated by reference as Exhibit 4.1to this Annual Report on Form 10-K is a chart identifying the entitiesparticipating in a servicing function for the transaction responsible for eachapplicable servicing criteria set forth in Item 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the Starwood Capital Extended StayPortfolio Mortgage Loan, which is being serviced and administered pursuant tothe pooling and servicing agreement for the CSAIL 2015-C3 Transaction, areattached hereto under Item 15 to this Annual Report on Form 10-K. Attached asExhibit O to the pooling and servicing agreement for the CSAIL 2015-C3 Transactionincorporated by reference as Exhibit 4.2 to this Annual Report on Form 10-K isa chart identifying the entities participating in a servicing function for theCSAIL 2015-C3 Transaction responsible for each applicable servicing criteriaset forth in Item 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the Sheraton Lincoln Harbor HotelMortgage Loan, which is being serviced and administered pursuant to the poolingand servicing agreement for the WFCMT 2015-C31 Transaction, are attached heretounder Item 15 to this Annual Report on Form 10-K. Attached as Schedule III tothe pooling and servicing agreement for the WFCMT 2015-C31 Transactionincorporated by reference as Exhibit 4.3 to this Annual Report on Form 10-K isa chart identifying the entities participating in a servicing function for theWFCMT 2015-C31 Transaction responsible for each applicable servicing criteriaset forth in Item 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the GLP Industrial Portfolio AMortgage Loan, which is being serviced and administered pursuant to the trustand servicing agreement for the CSMC 2015-GLPA Transaction, are attached heretounder Item 15 to this Annual Report on Form 10-K. Attached as Exhibit L to thetrust and servicing agreement for the CSMC 2015-GLPA Transaction incorporatedby reference as Exhibit 4.4 to this Annual Report on Form 10-K is a chartidentifying the entities participating in a servicing function for the CSMC2015-GLPA Transaction responsible for each applicable servicing criteria setforth in Item 1122(d).

The report on assessment of compliance with applicableservicing criteria furnished pursuant to Item 1122 of Regulation AB by MidlandLoan Services, a Division of PNC Bank National Association (“Midland”)discloses that a material instance of noncompliance occurred, as describedbelow:

Material Instance of Noncompliance

In certain instances, the ScheduleAL Files (Item 1125 of Regulation AB) were not reported in accordance with theterms specified in the transaction agreements, in conflict with Item1122(d)(3)(i): “Reports to investors, including those to be filed with theCommission, are maintained in accordance with the transaction agreements andapplicable Commission requirements. Specifically, such reports: (A) Are preparedin accordance with timeframes and other terms set forth in the transactionagreements”.  The noncompliance consisted of omitted or inaccuratelyreported fields as described in (1) and (2) below.  (1) In connection withother enhancements Midland made to its manual Schedule AL process, starting inApril 2019, Midland developed and implemented new Schedule AL reportingtemplates for each applicable CMBS transaction that closed prior to April 2019and for each applicable CMBS transaction going forward.  Related to this,Midland made certain template setup errors, along with related and other manualinputting of information errors, and the errors were not identified prior tosubmission of the applicable Schedule AL Files in certain cases due to breakdownsin quality control.  (2) In one applicable transaction, the relatedSchedule AL File for a given month was not saved properly resulting in theprior month's Schedule AL File being submitted for the given month instead ofthe correct Schedule AL File. 

The identified instances did notinvolve the servicing of assets included in this securitization.

Steps Taken to Remedy the Material Instance of Noncompliance

Midland’s Schedule AL reportingprocess was enhanced in April of 2019, however, the process remained manualthroughout the 2019 calendar year.  Errors relating to certain Schedule ALFiles during 2019 were identified during the related audit.  Followingidentification, Midland made staffing changes and additional enhancements andimprovements to its processes and procedures to support its Schedule ALreporting obligations and expects to move to an automated solution for thisprocess.  

Midland is currently remediating theSchedule AL reporting for certain of the CMBS transactions found to beincorrect.

**Item 1123 of Regulation AB, Servicer Compliance Statement.**

The servicer compliance statements are attached as Exhibitsto this Annual Report on Form 10-K.

**PART IV**

**Item 15. Exhibits, Financial Statement Schedules**

(a) The following is a list of documents filed as part ofthis Annual Report on Form 10-K:

(1) Not applicable

(2) Not applicable

(3) See below

 

4.1         Poolingand Servicing Agreement, dated as of February 1, 2016, by and among CreditSuisse Commercial Mortgage Securities Corp., as Depositor, KeyBank NationalAssociation, as Master Servicer, Rialto Capital Advisors, LLC, as SpecialServicer, Wells Fargo Bank, National Association, as Certificate Administratorand Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and AssetRepresentations Reviewer (filed as Exhibit 4.1 to the registrant’s CurrentReport on Form 8-K/A filed on March 2, 2016 under Commission File No.333-207361-01 and incorporated by reference herein).

4.2         Poolingand Servicing Agreement, dated as of August 1, 2015, by and among Credit SuisseFirst Boston Mortgage Securities Corp., as Depositor, Midland Loan Services, aDivision of PNC Bank, National Association, as Master Servicer, Rialto CapitalAdvisors, LLC, as Special Servicer, Pentalpha Surveillance LLC, as OperatingAdvisor, Wells Fargo Bank, National Association, as Certificate Administrator,and Wells Fargo Bank, National Association, as Trustee (filed as Exhibit 4.2 tothe registrant’s Current Report on Form 8-K filed on February 9, 2016 underCommission File No. 333-207361-01 and incorporated by reference herein).

4.3         Poolingand Servicing Agreement, dated as of November 1, 2015, by and among Wells FargoCommercial Mortgage Securities, Inc., as Depositor, Wells Fargo Bank, NationalAssociation, as Master Servicer, Midland Loan Services, a Division of PNC Bank,National Association, as Special Servicer, Trimont Real Estate Advisors, LLC,as Trust Advisor, Wells Fargo Bank, National Association, as CertificateAdministrator, Tax Administrator and Custodian, and Wilmington Trust, NationalAssociation, as Trustee (filed as Exhibit 4.3 to the registrant’s CurrentReport on Form 8-K filed on February 9, 2016 under Commission File No. 333-207361-01and incorporated by reference herein).

4.4         Trustand Servicing Agreement, dated as of December 15, 2015, by and among CreditSuisse First Boston Mortgage Securities Corp., as Depositor, KeyBank NationalAssociation, as Servicer, AEGON USA Realty Advisors, LLC, as Special Servicer,Wells Fargo Bank, National Association, as Certificate Administrator, and WellsFargo Bank, National Association, as Trustee (filed as Exhibit 4.4 to theregistrant’s Current Report on Form 8-K filed on February 9, 2016 underCommission File No. 333-207361-01 and incorporated by reference herein).

4.5         Co-LenderAgreement, dated as of February 9, 2016, between Jefferies LoanCore LLC, asNote A-1 Holder, and Jefferies LoanCore LLC, as Note A-2 Holder (filed asExhibit 4.8 to the registrant’s Current Report on Form 8-K filed on February 9,2016 under Commission File No. 333-207361-01 and incorporated by referenceherein).

4.6         Co-LenderAgreement, dated as of August 18, 2015, by and among Column Financial Inc., asInitial Note A-1-A Holder, Column Financial Inc., as Initial Note A-1-B Holder,Column Financial Inc., as Initial Note A-2 Holder, and Column Financial Inc.,as Initial Note A-3 Holder (filed as Exhibit 4.6 to the registrant’s CurrentReport on Form 8-K filed on February 9, 2016 under Commission File No.333-207361-01 and incorporated by reference herein).

4.7         Co-LenderAgreement, dated as of October 15, 2015, between Rialto Mortgage Finance, LLC,as Note A-1 Holder, and Rialto Mortgage Finance, LLC, as Note A-2 Holder (filedas Exhibit 4.7 to the registrant’s Current Report on Form 8-K filed on February9, 2016 under Commission File No. 333-207361-01 and incorporated by referenceherein).

4.8         Amendedand Restated Co-Lender Agreement, dated as of May 26, 2016, by and among WellsFargo Bank, National Association, not in its individual capacity but solely astrustee for the benefit of the Holders of CSMC 2015-GLPA Mortgage TrustCommercial Mortgage Pass-Through Certificates, as Note A-1 Holder, Note A-2Holder, Note B-1 Holder and Note B-2 Holder, Wells Fargo Bank, NationalAssociation, not in its individual capacity but solely as trustee for thebenefit of the Holders of CSAIL 2016-C5 Mortgage Trust Commercial MortgagePass-Through Certificates, as Note A-3-1 Holder, Column Financial, Inc., asNote A-3-2 Holder, and U.S. Bank National Association, as trustee for MorganStanley Bank of America Merrill Lynch Trust 2016-C28, Commercial MortgagePass-Through Certificates, Series 2016-C28, as Note A-4 Holder (filed asExhibit 4.1 to the registrant’s Current Report on Form 8-K/A filed on May 26,2016 under Commission File No. 333-207361-01 and incorporated by referenceherein).

4.9         AgreementBetween Noteholders, dated as of February 9, 2016, by and between RialtoMortgage Finance, LLC, as Senior Noteholder, and Rialto Mortgage Investments,LLC, as Junior Noteholder (filed as Exhibit 4.9 to the registrant’s CurrentReport on Form 8-K filed on February 9, 2016 under Commission File No.333-207361-01 and incorporated by reference herein).

 

31          Rule 13a-14(d)/15d-14(d)Certifications.

33          Reports on assessment of compliance with servicing criteria for asset-backedsecurities.

33.1       KeyBank NationalAssociation, as Master Servicer

33.2       Rialto Capital Advisors,LLC, as Special Servicer

33.3       Wells Fargo Bank, NationalAssociation, as Trustee and Certificate Administrator

33.4       Wells Fargo Bank, NationalAssociation, as Custodian

33.5       Pentalpha SurveillanceLLC, as Operating Advisor

33.6       KeyBank NationalAssociation, as Primary Servicer of the FedEx Brooklyn Mortgage Loan (seeExhibit 33.1)

33.7       Rialto Capital Advisors,LLC, as Special Servicer of the FedEx Brooklyn Mortgage Loan (see Exhibit 33.2)

33.8       Wells Fargo Bank, National Association, as Trustee of the FedEx BrooklynMortgage Loan (Omitted. See Explanatory Notes.)

33.9       Wells Fargo Bank, NationalAssociation, as Custodian of the FedEx Brooklyn Mortgage Loan (see Exhibit33.4)

33.10     Pentalpha SurveillanceLLC, as Operating Advisor of the FedEx Brooklyn Mortgage Loan (see Exhibit33.5)

33.11     Midland Loan Services, aDivision of PNC Bank, National Association, as Primary Servicer of the StarwoodCapital Extended Stay Portfolio Mortgage Loan

33.12     Rialto Capital Advisors,LLC, as Special Servicer of the Starwood Capital Extended Stay PortfolioMortgage Loan (see Exhibit 33.2)

33.13     Wells Fargo Bank, National Association, as Trustee of the Starwood CapitalExtended Stay Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

33.14     Wells Fargo Bank, NationalAssociation, as Custodian of the Starwood Capital Extended Stay PortfolioMortgage Loan (see Exhibit 33.4)

33.15     Pentalpha SurveillanceLLC, as Operating Advisor of the Starwood Capital Extended Stay PortfolioMortgage Loan (see Exhibit 33.5)

33.16     Wells Fargo Bank,National Association, as Primary Servicer of the Sheraton Lincoln Harbor HotelMortgage Loan

33.17     Midland Loan Services, aDivision of PNC Bank, National Association, as Special Servicer of the SheratonLincoln Harbor Hotel Mortgage Loan (see Exhibit 33.11)

33.18     Wilmington Trust, National Association, as Trustee of the Sheraton LincolnHarbor Hotel Mortgage Loan (Omitted. See Explanatory Notes.)

33.19     Wells Fargo Bank, NationalAssociation, as Custodian of the Sheraton Lincoln Harbor Hotel Mortgage Loan(see Exhibit 33.4)

33.20     Trimont Real Estate Advisors, LLC, as Trust Advisor of the Sheraton LincolnHarbor Hotel Mortgage Loan (Omitted. See Explanatory Notes.)

33.21     CoreLogic Commercial RealEstate Services, Inc., as Servicing Function Participant of the SheratonLincoln Harbor Hotel Mortgage Loan

33.22     National Tax Search, LLC,as Servicing Function Participant of the Sheraton Lincoln Harbor Hotel MortgageLoan

33.23     KeyBank NationalAssociation, as Primary Servicer of the GLP Industrial Portfolio A MortgageLoan (see Exhibit 33.1)

33.24     AEGON USA RealtyAdvisors, LLC, as Special Servicer of the GLP Industrial Portfolio A MortgageLoan

33.25     Wells Fargo Bank, National Association, as Trustee of the GLP IndustrialPortfolio A Mortgage Loan (Omitted. See Explanatory Notes.)

33.26     Wells Fargo Bank, NationalAssociation, as Custodian of the GLP Industrial Portfolio A Mortgage Loan (seeExhibit 33.4)

34          Attestation reports onassessment of compliance with servicing criteria for asset-backed securities.

34.1       KeyBank NationalAssociation, as Master Servicer

34.2       Rialto Capital Advisors,LLC, as Special Servicer

34.3       Wells Fargo Bank, NationalAssociation, as Trustee and Certificate Administrator

34.4       Wells Fargo Bank, NationalAssociation, as Custodian

34.5       Pentalpha SurveillanceLLC, as Operating Advisor

34.6       KeyBank NationalAssociation, as Primary Servicer of the FedEx Brooklyn Mortgage Loan (seeExhibit 34.1)

34.7       Rialto Capital Advisors,LLC, as Special Servicer of the FedEx Brooklyn Mortgage Loan (see Exhibit 34.2)

34.8       Wells Fargo Bank, National Association, as Trustee of the FedEx BrooklynMortgage Loan (Omitted. See Explanatory Notes.)

34.9       Wells Fargo Bank, NationalAssociation, as Custodian of the FedEx Brooklyn Mortgage Loan (see Exhibit34.4)

34.10     Pentalpha SurveillanceLLC, as Operating Advisor of the FedEx Brooklyn Mortgage Loan (see Exhibit34.5)

34.11     Midland Loan Services, aDivision of PNC Bank, National Association, as Primary Servicer of the StarwoodCapital Extended Stay Portfolio Mortgage Loan

34.12     Rialto Capital Advisors,LLC, as Special Servicer of the Starwood Capital Extended Stay PortfolioMortgage Loan (see Exhibit 34.2)

34.13     Wells Fargo Bank, National Association, as Trustee of the Starwood CapitalExtended Stay Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

34.14     Wells Fargo Bank, NationalAssociation, as Custodian of the Starwood Capital Extended Stay PortfolioMortgage Loan (see Exhibit 34.4)

34.15     Pentalpha SurveillanceLLC, as Operating Advisor of the Starwood Capital Extended Stay PortfolioMortgage Loan (see Exhibit 34.5)

34.16     Wells Fargo Bank,National Association, as Primary Servicer of the Sheraton Lincoln Harbor HotelMortgage Loan

34.17     Midland Loan Services, aDivision of PNC Bank, National Association, as Special Servicer of the SheratonLincoln Harbor Hotel Mortgage Loan (see Exhibit 34.11)

34.18     Wilmington Trust, National Association, as Trustee of the Sheraton LincolnHarbor Hotel Mortgage Loan (Omitted. See Explanatory Notes.)

34.19     Wells Fargo Bank, NationalAssociation, as Custodian of the Sheraton Lincoln Harbor Hotel Mortgage Loan(see Exhibit 34.4)

34.20     Trimont Real Estate Advisors, LLC, as Trust Advisor of the Sheraton LincolnHarbor Hotel Mortgage Loan (Omitted. See Explanatory Notes.)

34.21     CoreLogic Commercial RealEstate Services, Inc., as Servicing Function Participant of the SheratonLincoln Harbor Hotel Mortgage Loan

34.22     National Tax Search, LLC,as Servicing Function Participant of the Sheraton Lincoln Harbor Hotel MortgageLoan

34.23     KeyBank NationalAssociation, as Primary Servicer of the GLP Industrial Portfolio A MortgageLoan (see Exhibit 34.1)

34.24     AEGON USA RealtyAdvisors, LLC, as Special Servicer of the GLP Industrial Portfolio A MortgageLoan

34.25     Wells Fargo Bank, National Association, as Trustee of the GLP IndustrialPortfolio A Mortgage Loan (Omitted. See Explanatory Notes.)

34.26     Wells Fargo Bank, NationalAssociation, as Custodian of the GLP Industrial Portfolio A Mortgage Loan (seeExhibit 34.4)

35          Servicer compliance statements.

35.1       KeyBank NationalAssociation, as Master Servicer

35.2       Rialto Capital Advisors,LLC, as Special Servicer

35.3       Wells Fargo Bank, NationalAssociation, as Certificate Administrator

35.4       KeyBank NationalAssociation, as Primary Servicer of the FedEx Brooklyn Mortgage Loan (seeExhibit 35.1)

35.5       Rialto Capital Advisors,LLC, as Special Servicer of the FedEx Brooklyn Mortgage Loan (see Exhibit 35.2)

35.6       Midland Loan Services, aDivision of PNC Bank, National Association, as Primary Servicer of the StarwoodCapital Extended Stay Portfolio Mortgage Loan

35.7       Rialto Capital Advisors,LLC, as Special Servicer of the Starwood Capital Extended Stay PortfolioMortgage Loan (see Exhibit 35.2)

35.8       Wells Fargo Bank, NationalAssociation, as Primary Servicer of the Sheraton Lincoln Harbor Hotel MortgageLoan

35.9       Midland Loan Services, aDivision of PNC Bank, National Association, as Special Servicer of the SheratonLincoln Harbor Hotel Mortgage Loan (see Exhibit 35.6)

35.10     KeyBank NationalAssociation, as Primary Servicer of the GLP Industrial Portfolio A MortgageLoan (see Exhibit 35.1)

35.11     AEGON USA Realty Advisors, LLC, as Special Servicer of the GLP IndustrialPortfolio A Mortgage Loan (Omitted. See Explanatory Notes.)

99.1       MortgageLoan Purchase Agreement, dated as of February 1, 2016, between Credit SuisseCommercial Mortgage Securities Corp. and Column Financial, Inc. (filed asExhibit 99.1 to the registrant’s Current Report on Form 8-K/A filed on March 2,2016 under Commission File No. 333-207361-01 and incorporated by reference herein)

99.2       MortgageLoan Purchase Agreement, dated as of February 1, 2016, between Credit SuisseCommercial Mortgage Securities Corp. and Rialto Mortgage Finance, LLC (filed asExhibit 99.2 to the registrant’s Current Report on Form 8-K/A filed on March 2,2016 under Commission File No. 333-207361-01 and incorporated by referenceherein)

99.3       MortgageLoan Purchase Agreement, dated as of February 1, 2016, between Credit SuisseCommercial Mortgage Securities Corp. and The Bank of New York Mellon (filed asExhibit 99.3 to the registrant’s Current Report on Form 8-K/A filed on March 2,2016 under Commission File No. 333-207361-01 and incorporated by referenceherein)

99.4       MortgageLoan Purchase Agreement, dated as of February 1, 2016, between Credit SuisseCommercial Mortgage Securities Corp. and Silverpeak Real Estate Finance LLC(filed as Exhibit 99.4 to the registrant’s Current Report on Form 8-K/A filedon March 2, 2016 under Commission File No. 333-207361-01 and incorporated byreference herein)

99.5       MortgageLoan Purchase Agreement, dated as of February 1, 2016, between Credit Suisse CommercialMortgage Securities Corp. and Jefferies LoanCore LLC (filed as Exhibit 99.5 tothe registrant’s Current Report on Form 8-K/A filed on March 2, 2016 underCommission File No. 333-207361-01 and incorporated by reference herein)

(b)         The exhibits required to be filed by the Registrant pursuant to Item 601 ofRegulation S-K are listed above.

(c)         Not Applicable.

**SIGNATURES**

Pursuant to the requirements of Section 13 or 15(d) of theSecurities Exchange Act of 1934, the registrant has duly caused this report tobe signed on its behalf by the undersigned, thereunto duly authorized.

Credit Suisse Commercial MortgageSecurities Corp.(Depositor)

/s/ CharlesY. Lee

Charles Y.Lee, President and Chief Executive Officer

(senior officer in charge ofsecuritization of the depositor)

Date: March 16, 2020