Material Event (Form 8-K)

The Central Park Retail Mortgage Loan and the One & Two Corporate Plaza Mortgage Loan, which constituted approximately 2.3% and 0.8%, respectively, of the asset pool of the issuing entity as of its cut-off date, are each an asset of the issuing entity and are each part of a loan combination that is being serviced and administered under the pooling and servicing agreement, dated as of September 1, 2016 relating to the Wells Fargo Commercial Mortgage Trust 2016-LC24 filed as Exhibit 4.4 to the registrant's Current Report on Form 8-K/A filed on February 7, 2017 (the "WFCMT 2016-LC24 PSA"). Pursuant to Section 7.01(d) of the WFCMT 2016-LC24 PSA, LNR Partners, LLC, a Florida limited liability company, was removed as general special servicer of the Central Park Retail Mortgage Loan and the One & Two Corporate Plaza Mortgage Loan and Argentic Services Company LP ("ASC"), a Delaware limited partnership, was appointed as the successor general special servicer of the Central Park Retail Mortgage Loan and the One & Two Corporate Plaza Mortgage Loan under the WFCMT 2016-LC24 PSA.

In the interest of transaction management, this Current Report on Form 8-K is being filed to record that, effective as of August 28, 2026, the Central Park Retail Mortgage Loan and the One & Two Corporate Plaza Mortgage Loan will be specially serviced, if necessary, pursuant to the WFCMT 2016-LC24 PSA, by ASC. The principal executive office of ASC is located at 740 E. Campbell Road, Suite 600, Richardson, Texas 75081 and its telephone number is 469-609-2000.