Document

 UNITED STATES

 SECURITIES AND EXCHANGE COMMISSION

 Washington, D.C. 20549

 FORM 10-K

 ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For the fiscal year ended December 31, 2023

 or

 TRANSITION REPORT 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 333-228632-09
 CIK number of issuing entity 0001888143

 AmeriCredit Automobile Receivables Trust 2021-3
 (Exact name of issuing entity as specified in its charter)

 Commission File Number of depositor 333-228632
 CIK number of depositor 0001347185

 AFS SENSUB CORP.
 (Exact name of depositor as specified in its charter)

 Commission File Number of sponsor 001-13329
 CIK number of sponsor 0001002761

 AMERICREDIT FINANCIAL SERVICES, INC.
 (Exact name of sponsor as specified in its charter)

 Delaware

 87-6675650

 (State or other jurisdiction of incorporation or organization)

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

 AmeriCredit Financial Services, Inc. (as originator)

 801 Cherry Street, Suite 3500

 Fort Worth, TX

 76102

 (Address of principal executive offices)

 (Zip Code)

 Registrant's telephone number, including area code (817) 302-7000

 Securities registered pursuant to Section 12(b) of the Act None

 Securities registered pursuant to Section 12(g) of the Act None

 Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

 Yes No

 Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

 Yes No

 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 No

 Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

 Yes No

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

 Large accelerated filer

 Accelerated filer

 Non-accelerated filer

 Smaller reporting company

 Emerging growth company

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

 Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.

 If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.

 Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to § 240.10D-1(b).

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

 State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter.

 Not applicable to this registrant.

 DOCUMENTS INCORPORATED BY REFERENCE

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

 None.

 The following Items have been omitted in accordance with General Instruction J to Form 10-K

 ITEM 1.
 BUSINESS

 ITEM 1A.
 RISK FACTORS

 ITEM 1C.
 CYBERSECURITY

 ITEM 2.
 PROPERTIES

 ITEM 3.
 LEGAL PROCEEDINGS

 ITEM 1B. UNRESOLVED STAFF COMMENTS

 None.

 ITEM 4. MINE SAFETY DISCLOSURES

 Not applicable.

 The following Items have been omitted in accordance with General Instruction J to Form 10-K

 ITEM 5.
 MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

 ITEM 6.
 RESERVED

 ITEM 7.
 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 ITEM 7A.
 QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 ITEM 8.
 FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

 ITEM 9.
 CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

 ITEM 9A.
 CONTROLS AND PROCEDURES

 ITEM 9B. OTHER INFORMATION

 None.

 ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

 None.

 The following Items have been omitted in accordance with General Instruction J to Form 10-K

 ITEM 10.
 DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

 ITEM 11.
 EXECUTIVE COMPENSATION

 ITEM 12.
 SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

 ITEM 13.
 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

 ITEM 14.
 PRINCIPAL ACCOUNTANT FEES AND SERVICES

 ITEM 15. EXHIBIT AND FINANCIAL STATEMENT SCHEDULES

 (a)

 (1)
 Not applicable

 (2)
 Not applicable

 (3)
 As reported under clause (b)

 (b)

 Exhibit Number

 Description

 Exhibit 3.1

 Amended and Restated Articles of Incorporation, dated as of March 1, 2023, of AFS SenSub Corp. (incorporated by reference from Exhibit 3.1 of the Form SF-3 filed by AFS SenSub Corp. (File No. 333-275606) with the SEC on November 16, 2023).

 Exhibit 3.2

 Amended and Restated Bylaws, dated as of March 1, 2023, of AFS SenSub Corp. (incorporated by reference from Exhibit 3.2 of the Form SF-3 filed by AFS SenSub Corp. (File No. 333-275606) with the SEC on November 16, 2023).

 Exhibit 4.1

 Indenture, dated as of November 17, 2021, between AmeriCredit Automobile Receivables Trust 2021-3 and The Bank of New York Mellon, as Trustee and Trust Collateral Agent (incorporated by reference from Exhibit 4.1 of the Current Report on Form 8-K filed by AmeriCredit Automobile Receivables Trust 2021-3 (File No. 333-228632-09) with the SEC on November 18, 2021).

 Exhibit 4.2

 Amended and Restated Trust Agreement, dated as of November 17, 2021, between AFS SenSub Corp., as Seller, and Wilmington Trust Company, as Owner Trustee (incorporated by reference from Exhibit 4.2 of the Current Report on Form 8-K filed by AmeriCredit Automobile Receivables Trust 2021-3 (File No. 333-228632-09) with the SEC on November 18, 2021).

 Exhibit 4.3

 Sale and Servicing Agreement, dated as of November 17, 2021, among AmeriCredit Automobile Receivables Trust 2021-3, as Issuer, AmeriCredit Financial Services, Inc., as Servicer, AFS SenSub Corp., as Seller, and The Bank of New York Mellon, as Trust Collateral Agent (incorporated by reference from Exhibit 4.3 of the Current Report on Form 8-K filed by AmeriCredit Automobile Receivables Trust 2021-3 (File No. 333-228632-09) with the SEC on November 18, 2021).

 Exhibit 10.1

 Purchase Agreement, dated as of November 17, 2021, between AmeriCredit Financial Services, Inc., as Seller and AFS SenSub Corp., as Purchaser (incorporated by reference from Exhibit 10.1 of the Current Report on Form 8-K filed by AmeriCredit Automobile Receivables Trust 2021-3 (File No. 333-228632-09) with the SEC on November 18, 2021).

 Exhibit 10.6

 Asset Representations Review Agreement, dated as of November 17, 2021, among AmeriCredit Automobile Receivables Trust 2021-3, AmeriCredit Financial Services, Inc., and Clayton Fixed Income Services LLC, as Asset Representation Reviewer (incorporated by reference from Exhibit 10.6 of the Current Report on Form 8-K filed by AmeriCredit Automobile Receivables Trust 2021-3 (File No. 333-228632-09) with the SEC on November 18, 2021).

 Exhibit 31.1

 Rule 13a-14(a) 15d-14(a) Certification (Section 302 Certification).

 Exhibit 33.1

 Management's Assertion Regarding Compliance with Applicable Servicing Criteria concerning servicing activities of AmeriCredit Financial Services, Inc. and its subsidiaries for the year ended December 31, 2023.

 Exhibit 33.2

 Assessment of Compliance with Applicable Servicing Criteria (The Bank of New York Mellon).

 Exhibit 34.1

 Report of Independent Registered Public Accounting Firm (Ernst Young LLP).

 Exhibit 34.2

 Report of Independent Registered Public Accounting Firm (KPMG LLP).

 Exhibit 35.1

 Servicer Compliance Statement of AmeriCredit Financial Services, Inc.

 (c) Not applicable.

 ITEM 16. FORM 10-K SUMMARY

 None.

 SUBSTITUTE INFORMATION INCLUDED IN ACCORDANCE WITH GENERAL INSTRUCTION J TO FORM 10-K

 ITEM 1112(b) OF REGULATION AB. SIGNIFICANT OBLIGORS OF POOL ASSETS (FINANCIAL INFORMATION)

 There is no single obligor that represents more than 10% of the pool assets.

 ITEM 1114(b)(2) OF REGULATION AB. CREDIT ENHANCEMENT AND OTHER SUPPORT, EXCEPT FOR CERTAIN DERIVATIVE INSTRUMENTS (FINANCIAL INFORMATION)

 There is no external credit enhancement or other support provider that is liable to provide payments supporting any notes or certificates issued by the Issuing Entity.

 ITEM 1115(b) OF REGULATION AB. CERTAIN DERIVATIVE INSTRUMENTS (FINANCIAL INFORMATION)

 No entity provides any derivative instruments that are used to alter the payment characteristics of the cash flows from the Issuing Entity.

 ITEM 1117 OF REGULATION AB. LEGAL PROCEEDINGS

 The Sponsor and the Servicer

 The sponsor is subject to various pending and potential legal and regulatory proceedings in the ordinary course of business, including litigation, arbitration, claims, investigations, examinations, subpoenas and enforcement proceedings. Some litigation against the sponsor could take the form of class actions. The outcome of these proceedings is inherently uncertain, and thus the sponsor cannot confidently predict how or when proceedings will be resolved. An adverse outcome in one or more of these proceedings could result in substantial damages, settlements, fines, penalties, diminished income or reputational harm to the sponsor, and could materially and adversely affect the interests of the noteholders or the servicer's ability to perform its duties under the Transaction Documents.

 The Trustee and the Trust Collateral Agent

 In the ordinary course of business, The Bank of New York Mellon is named as a defendant in legal actions. In connection with its role as trustee of certain residential mortgage-backed securitization, or RMBS, transactions, The Bank of New York Mellon has been named as a defendant in a number of legal actions brought by RMBS investors. These lawsuits allege that the trustee had expansive duties under the governing agreements, including the duty to investigate and pursue breach of representation and warranty claims against other parties to the RMBS transactions. While it is inherently difficult to predict the eventual outcomes of pending actions, The Bank of New York Mellon denies liability and intends to defend the litigations vigorously.

 ITEM 1119 OF REGULATION AB. AFFILIATIONS AND CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

 Information required by Item 1119 of Regulation AB has been omitted from this report on Form 10-K in reliance on the Instruction to Item 1119.

 ITEM 1122 OF REGULATION AB. COMPLIANCE WITH APPLICABLE SERVICING CRITERIA.

 The following documents are filed as part of this report.

 Exhibit Number

 Description

 Exhibit 33.1

 Management's Assertion Regarding Compliance with Applicable Servicing Criteria concerning servicing activities of AmeriCredit Financial Services, Inc. and its subsidiaries for the year ended December 31, 2023.

 Exhibit 33.2

 Assessment of Compliance with Applicable Servicing Criteria (The Bank of New York Mellon).

 Exhibit 34.1

 Report of Independent Registered Public Accounting Firm (Ernst Young LLP).

 Exhibit 34.2

 Report of Independent Registered Public Accounting Firm (KPMG LLP).

 The Servicer has complied, in all material respects, with the Applicable Servicing Criteria.

 ITEM 1123 OF REGULATION AB. SERVICER COMPLIANCE STATEMENT

 The following documents are filed as part of this report.

 Exhibit Number

 Description

 Exhibit 35.1

 Servicer Compliance Statement of AmeriCredit Financial Services, Inc.

 SIGNATURES

 Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, AFS SenSub Corp. has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 By

 AFS SENSUB CORP.,

 as Depositor

 By

 s Susan B. Sheffield

 Name
 Susan B. Sheffield

 Title
 Executive Vice President and Chief Financial Officer

 Dated
 March 4, 2024

 Supplemental Information to be Furnished With Reports Filed Pursuant to Section 15(d) of the Act by Registrants Which Have Not Registered Securities Pursuant to Section 12 of the Act.

 No annual report, proxy statement, form of proxy or other proxy soliciting material has been sent to certificateholders, and the registrant does not presently contemplate sending any such materials subsequent to the filing of this report.


Document

 UNITED STATES

 SECURITIES AND EXCHANGE COMMISSION

 Washington, D.C. 20549

 FORM 10-K

 ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For the fiscal year ended December 31, 2024

 or

 TRANSITION REPORT 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 333-228632-09
 CIK number of issuing entity 0001888143

 AmeriCredit Automobile Receivables Trust 2021-3
 (Exact name of issuing entity as specified in its charter)

 Commission File Number of depositor 333-228632
 CIK number of depositor 0001347185

 AFS SENSUB CORP.
 (Exact name of depositor as specified in its charter)

 Commission File Number of sponsor 001-13329
 CIK number of sponsor 0001002761

 AMERICREDIT FINANCIAL SERVICES, INC.
 (Exact name of sponsor as specified in its charter)

 Delaware

 87-6675650

 (State or other jurisdiction of incorporation or organization)

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

 AmeriCredit Financial Services, Inc. (as originator)

 801 Cherry Street, Suite 3500

 Fort Worth, TX

 76102

 (Address of principal executive offices)

 (Zip Code)

 Registrant's telephone number, including area code (817) 302-7000

 Securities registered pursuant to Section 12(b) of the Act None

 Securities registered pursuant to Section 12(g) of the Act None

 Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

 Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

 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.

 Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

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

 Large accelerated filer

 Accelerated filer

 Non-accelerated filer

 Smaller reporting company

 Emerging growth company

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

 Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.

 If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.

 Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to § 240.10D-1(b).

 Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).

 State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter.

 Not applicable to this registrant.

 DOCUMENTS INCORPORATED BY REFERENCE

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

 None.

 The following Items have been omitted in accordance with General Instruction J to Form 10-K

 ITEM 1.
 BUSINESS

 ITEM 1A.
 RISK FACTORS

 ITEM 1C.
 CYBERSECURITY

 ITEM 2.
 PROPERTIES

 ITEM 3.
 LEGAL PROCEEDINGS

 ITEM 1B. UNRESOLVED STAFF COMMENTS

 None.

 ITEM 4. MINE SAFETY DISCLOSURES

 Not applicable.

 The following Items have been omitted in accordance with General Instruction J to Form 10-K

 ITEM 5.
 MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

 ITEM 6.
 RESERVED

 ITEM 7.
 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 ITEM 7A.
 QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 ITEM 8.
 FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

 ITEM 9.
 CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

 ITEM 9A.
 CONTROLS AND PROCEDURES

 ITEM 9B. OTHER INFORMATION

 None.

 ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

 None.

 The following Items have been omitted in accordance with General Instruction J to Form 10-K

 ITEM 10.
 DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

 ITEM 11.
 EXECUTIVE COMPENSATION

 ITEM 12.
 SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

 ITEM 13.
 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

 ITEM 14.
 PRINCIPAL ACCOUNTANT FEES AND SERVICES

 ITEM 15. EXHIBIT AND FINANCIAL STATEMENT SCHEDULES

 (a)

 (1)
 Not applicable

 (2)
 Not applicable

 (3)
 As reported under clause (b)

 (b)

 Exhibit Number

 Description

 Exhibit 3.1

 Amended and Restated Articles of Incorporation, dated as of March 1, 2023, of AFS SenSub Corp. (incorporated by reference from Exhibit 3.1 of the Form SF-3 filed by AFS SenSub Corp. (File No. 333-275606) with the SEC on November 16, 2023).

 Exhibit 3.2

 Amended and Restated Bylaws, dated as of March 1, 2023, of AFS SenSub Corp. (incorporated by reference from Exhibit 3.2 of the Form SF-3 filed by AFS SenSub Corp. (File No. 333-275606) with the SEC on November 16, 2023).

 Exhibit 4.1

 Indenture, dated as of November 17, 2021, between AmeriCredit Automobile Receivables Trust 2021-3 and The Bank of New York Mellon, as Trustee and Trust Collateral Agent (incorporated by reference from Exhibit 4.1 of the Current Report on Form 8-K filed by AmeriCredit Automobile Receivables Trust 2021-3 (File No. 333-228632-09) with the SEC on November 18, 2021).

 Exhibit 4.2

 Amended and Restated Trust Agreement, dated as of November 17, 2021, between AFS SenSub Corp., as Seller, and Wilmington Trust Company, as Owner Trustee (incorporated by reference from Exhibit 4.2 of the Current Report on Form 8-K filed by AmeriCredit Automobile Receivables Trust 2021-3 (File No. 333-228632-09) with the SEC on November 18, 2021).

 Exhibit 4.3

 Sale and Servicing Agreement, dated as of November 17, 2021, among AmeriCredit Automobile Receivables Trust 2021-3, as Issuer, AmeriCredit Financial Services, Inc., as Servicer, AFS SenSub Corp., as Seller, and The Bank of New York Mellon, as Trust Collateral Agent (incorporated by reference from Exhibit 4.3 of the Current Report on Form 8-K filed by AmeriCredit Automobile Receivables Trust 2021-3 (File No. 333-228632-09) with the SEC on November 18, 2021).

 Exhibit 10.1

 Purchase Agreement, dated as of November 17, 2021, between AmeriCredit Financial Services, Inc., as Seller and AFS SenSub Corp., as Purchaser (incorporated by reference from Exhibit 10.1 of the Current Report on Form 8-K filed by AmeriCredit Automobile Receivables Trust 2021-3 (File No. 333-228632-09) with the SEC on November 18, 2021).

 Exhibit 10.6

 Asset Representations Review Agreement, dated as of November 17, 2021, among AmeriCredit Automobile Receivables Trust 2021-3, AmeriCredit Financial Services, Inc., and Clayton Fixed Income Services LLC, as Asset Representation Reviewer (incorporated by reference from Exhibit 10.6 of the Current Report on Form 8-K filed by AmeriCredit Automobile Receivables Trust 2021-3 (File No. 333-228632-09) with the SEC on November 18, 2021).

 Exhibit 31.1

 Rule 13a-14(a) 15d-14(a) Certification (Section 302 Certification).

 Exhibit 33.1

 Management's Assertion Regarding Compliance with Applicable Servicing Criteria concerning servicing activities of AmeriCredit Financial Services, Inc. and its subsidiaries for the year ended December 31, 2024.

 Exhibit 33.2

 Assessment of Compliance with Applicable Servicing Criteria (The Bank of New York Mellon).

 Exhibit 34.1

 Report of Independent Registered Public Accounting Firm (Ernst Young LLP).

 Exhibit 34.2

 Report of Independent Registered Public Accounting Firm (KPMG LLP).

 Exhibit 35.1

 Servicer Compliance Statement of AmeriCredit Financial Services, Inc.

 (c) Not applicable.

 ITEM 16. FORM 10-K SUMMARY

 None.

 SUBSTITUTE INFORMATION INCLUDED IN ACCORDANCE WITH GENERAL INSTRUCTION J TO FORM 10-K

 ITEM 1112(b) OF REGULATION AB. SIGNIFICANT OBLIGORS OF POOL ASSETS (FINANCIAL INFORMATION)

 There is no single obligor that represents more than 10% of the pool assets.

 ITEM 1114(b)(2) OF REGULATION AB. CREDIT ENHANCEMENT AND OTHER SUPPORT, EXCEPT FOR CERTAIN DERIVATIVE INSTRUMENTS (FINANCIAL INFORMATION)

 There is no external credit enhancement or other support provider that is liable to provide payments supporting any notes or certificates issued by the Issuing Entity.

 ITEM 1115(b) OF REGULATION AB. CERTAIN DERIVATIVE INSTRUMENTS (FINANCIAL INFORMATION)

 No entity provides any derivative instruments that are used to alter the payment characteristics of the cash flows from the Issuing Entity.

 ITEM 1117 OF REGULATION AB. LEGAL PROCEEDINGS

 The Sponsor and the Servicer

 The sponsor is subject to various pending and potential legal and regulatory proceedings in the ordinary course of business, including litigation, arbitration, claims, investigations, examinations, subpoenas and enforcement proceedings. Some litigation against the sponsor could take the form of class actions. The outcome of these proceedings is inherently uncertain, and thus the sponsor cannot confidently predict how or when proceedings will be resolved. An adverse outcome in one or more of these proceedings could result in substantial damages, settlements, fines, penalties, diminished income or reputational harm to the sponsor, and could materially and adversely affect the interests of the noteholders or the servicer's ability to perform its duties under the Transaction Documents.

 The Trustee and the Trust Collateral Agent

 In the ordinary course of business, The Bank of New York Mellon is named as a defendant in legal actions. In connection with its role as trustee of certain residential mortgage-backed securitization, or RMBS, transactions, The Bank of New York Mellon has been named as a defendant in a number of legal actions brought by RMBS investors. These lawsuits allege that the trustee had expansive duties under the governing agreements, including the duty to investigate and pursue breach of representation and warranty claims against other parties to the RMBS transactions. While it is inherently difficult to predict the eventual outcomes of pending actions, The Bank of New York Mellon denies liability and intends to defend the litigations vigorously.

 ITEM 1119 OF REGULATION AB. AFFILIATIONS AND CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

 Information required by Item 1119 of Regulation AB has been omitted from this report on Form 10-K in reliance on the Instruction to Item 1119.

 ITEM 1122 OF REGULATION AB. COMPLIANCE WITH APPLICABLE SERVICING CRITERIA.

 The following documents are filed as part of this report.

 Exhibit Number

 Description

 Exhibit 33.1

 Management's Assertion Regarding Compliance with Applicable Servicing Criteria concerning servicing activities of AmeriCredit Financial Services, Inc. and its subsidiaries for the year ended December 31, 2024.

 Exhibit 33.2

 Assessment of Compliance with Applicable Servicing Criteria (The Bank of New York Mellon).

 Exhibit 34.1

 Report of Independent Registered Public Accounting Firm (Ernst Young LLP).

 Exhibit 34.2

 Report of Independent Registered Public Accounting Firm (KPMG LLP).

 The Servicer has complied, in all material respects, with the Applicable Servicing Criteria.

 The Assessment of Compliance with Applicable Servicing Criteria provided by The Bank of New York Mellon that is included in this report as Exhibit 33.2 includes references to certain Material Instances of Noncompliance by The Bank of New York Mellon. After reviewing information provided by The Bank of New York Mellon, we have ascertained that those instances of noncompliance do not relate to the transactions entered into by the issuing entity, do not relate to the same class of assets as those backing the asset-backed securities described in this report, and do not relate to activities performed by The Bank of New York Mellon pursuant to the transactions relating to the asset-backed securities described in this report.

 ITEM 1123 OF REGULATION AB. SERVICER COMPLIANCE STATEMENT

 The following documents are filed as part of this report.

 Exhibit Number

 Description

 Exhibit 35.1

 Servicer Compliance Statement of AmeriCredit Financial Services, Inc.

 SIGNATURES

 Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, AFS SenSub Corp. has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 By

 AFS SENSUB CORP.,

 as Depositor

 By

 s Susan B. Sheffield

 Name
 Susan B. Sheffield

 Title
 Executive Vice President and Chief Financial Officer

 Date
 March 4, 2025

 Supplemental Information to be Furnished With Reports Filed Pursuant to Section 15(d) of the Act by Registrants Which Have Not Registered Securities Pursuant to Section 12 of the Act.

 No annual report, proxy statement, form of proxy or other proxy soliciting material has been sent to certificateholders, and the registrant does not presently contemplate sending any such materials subsequent to the filing of this report.


UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

 Washington, D.C. 20549

 FORM 10-K

 (Mark One)

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

 For the fiscal year ended December 31, 2023

or

 o TRANSITION
REPORT 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: 333-206847-03

 Central Index Key Number of the issuing entity:
0001687031

 Morgan Stanley Bank of America
Merrill Lynch Trust 2016-C31

 (exact name of the issuing entity as specified in its
charter)

 Central Index Key Number of the depositor: 0001005007

 Banc of America Merrill Lynch
Commercial Mortgage Inc.

 (exact name of the depositor as specified in its
charter)

 Central Index Key Number of the sponsor: 0001102113

 Bank of America, National
Association

 Central Index Key Number of the sponsor: 0001541557

 Morgan Stanley Mortgage Capital
Holdings LLC

 Central Index Key Number of the sponsor: 0001685185

 UBS AG, acting through its branch
located at 1285 Avenue of the Americas, New York, New York

 Central Index Key Number of the sponsor: 0001089877

 KeyBank National Association

 Central Index Key Number of the sponsor: 0001682532

 Starwood Mortgage Funding III LLC

 New York

 (State or other jurisdiction of

 incorporation or organization of

 the issuing entity)

 38-4014737

 38-4014738

 (I.R.S. Employer

 Identification Numbers)

c/o Computershare Trust Company, National Association, as agent for

 Wells Fargo Bank, National Association

 as Certificate Administrator

 9062 Old Annapolis Road

 Columbia, MD

 (Address of principal
executive offices of the issuing entity)

 21045

 (Zip Code)

 Registrant's telephone number,
including area code:

 (646) 855-3953

 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 the
Act: None.

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

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

 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 o No

 Indicate by check mark whether the registrant has submitted
electronically every Interactive Data File required to be submitted pursuant to
Rule 405 of Regulation 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 such files).

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

 Large accelerated
filer o
Accelerated
filer
o

 Non-accelerated
filer

Smaller reporting
company
o

Emerging growth
company
o

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

 Indicate by check mark whether the registrant has filed a
report on and attestation to its management's assessment of the effectiveness
of its internal control over financial reporting under Section 404(b) of the
Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm
that prepared or issued its audit report. o

 If securities are registered pursuant to Section 12(b) of the
Act, indicate by check mark whether the financial statements of the registrant
included in the filing reflect the correction of an error to previously issued
financial statements. o

 Indicate by check mark whether any of those error corrections
are restatements that required a recovery analysis of incentive-based
compensation received by any of the registrant's executive officers during the
relevant recovery period pursuant to §240.10D-1(b). o

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

 State the aggregate market value of the voting and non-voting
common equity held by non-affiliates computed by reference to the price at
which the common equity was last sold, or the average bid and asked price of
such common equity, as of the last business day of the registrant's most
recently completed second fiscal quarter.

 Indicate by check mark whether the registrant has filed all
documents and reports required to be filed by Section 12, 13 or 15(d) of the
Securities Exchange Act of 1934 subsequent to the distribution of securities
under a plan confirmed by a court. o
Yes o
No

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

 DOCUMENTS INCORPORATED BY REFERENCE

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

 EXPLANATORY NOTES

 The Huntington Center Mortgage Loan and the
Vintage Park Mortgage Loan, which constituted approximately 8.4% and 4.7%,
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 includes (a) with respect to the Huntington Center Mortgage Loan, two
other pari passu loans, which are not assets of the issuing entity and
(b) with respect to the Vintage Park Mortgage Loan, three other pari passu
loans, which are not assets of the issuing entity. These loan combinations,
including the Huntington Center Mortgage Loan and the Vintage Park Mortgage
Loan, are being serviced and administered pursuant to the Pooling and Servicing
Agreement, which is incorporated by reference as Exhibit 4.1 to this Annual
Report on Form 10-K.

Exhibit Index) with respect to the TEK Park Mortgage Loan, which constituted
approximately 2.5% of the asset pool of the issuing entity as of its cut-off
date. The TEK Park Mortgage Loan is an asset of the issuing entity and is
part of a loan combination that includes the TEK Park Mortgage Loan and two
other pari passu loans, which are not assets of the issuing entity. A pari
passu portion of the loan combination was securitized in the SG Commercial
Mortgage Securities Trust 2016-C5 transaction, Commission File Number
333-207074-01 (the " SGCMS 2016-C5 Transaction "). This loan combination,
including the TEK Park Mortgage Loan, is being serviced and administered
pursuant to the pooling and servicing agreement for the SGCMS 2016-C5
Transaction, which is incorporated by reference as Exhibit 4.2 to this Annual
Report on Form 10-K.

Exhibit Index) with respect to The Shops at Crystals Mortgage Loan, which
constituted approximately 1.6% of the asset pool of the issuing entity as of
its cut-off date. The Shops at Crystals Mortgage Loan is an asset of the
issuing entity and is part of a loan combination that includes The Shops at
Crystals Mortgage Loan, twenty-two other pari passu loans and nine
subordinate companion loans, which are not assets of the issuing entity. A pari
passu portion of the loan combination was securitized in the Shops at
Crystals Trust 2016-CSTL transaction (the " Shops at Crystals 2016-CSTL
Transaction "). This loan combination, including The Shops at Crystals
Mortgage Loan, is being serviced and administered pursuant to the trust and
servicing agreement for the Shops at Crystals 2016-CSTL Transaction, which is
incorporated by reference as Exhibit 4.3 to this Annual Report on Form 10-K.

Exhibit Index) with respect to the International Square Mortgage Loan, which
constituted approximately 3.1% of the asset pool of the issuing entity as of
its cut-off date. The International Square Mortgage Loan is an asset of
the issuing entity and is part of a loan combination that includes the
International Square Mortgage Loan, three other pari passu loans and one
subordinate companion loan, which are not assets of the issuing entity. A pari
passu portion of the loan combination was securitized in the BAMLL
2016-ISQR Mortgage Trust transaction (the " BAMLL 2016-ISQR Transaction ").
This loan combination, including the International Square Mortgage Loan, is
being serviced and administered pursuant to the trust and servicing agreement
for the BAMLL 2016-ISQR Transaction, which is incorporated by reference as
Exhibit 4.4 to this Annual Report on Form 10-K.

 The Exhibit Index describes exhibits
provided by certain parties (in their capacities indicated on the Exhibit
Index) with respect to the Simon Premium Outlets Mortgage Loan and the One
Stamford Forum Mortgage Loan, which constituted approximately 4.4% and 4.0%,
respectively, of the asset pool of the issuing entity as of its cut-off
date. The Simon Premium Outlets Mortgage Loan and the One Stamford Forum
Mortgage Loan are each an asset of the issuing entity and are each part of a
loan combination that includes (a) with respect to the Simon Premium Outlets
Mortgage Loan, two other pari passu loans, which are not assets of the
issuing entity or (b) with respect to the One Stamford Forum Mortgage Loan, one
other pari passu loan, which is not an asset of the issuing entity. A pari
passu portion of each loan combination was securitized in the Wells Fargo
Commercial Mortgage Trust 2016-BNK1 transaction, Commission File Number
333-206677-07 (the " WFCM 2016-BNK1 Transaction "). These loan
combinations, including the Simon Premium Outlets Mortgage Loan and the One
Stamford Forum Mortgage Loan, are being serviced and administered pursuant to
the pooling and servicing agreement for the WFCM 2016-BNK1 Transaction, which
is incorporated by reference as Exhibit 4.5 to this Annual Report on Form 10-K.

Exhibit Index) with respect to the SSTII Self Storage Portfolio Mortgage Loan,
which constituted approximately 2.6% of the asset pool of the issuing entity as
of its cut-off date. The SSTII Self Storage Portfolio Mortgage Loan is an
asset of the issuing entity and is part of a loan combination that includes the
SSTII Self Storage Portfolio 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 Morgan Stanley Capital I
Trust 2016-UBS11 transaction, Commission File Number 333-206582-03 (the " MSC
2016-UBS11 Transaction "). This loan combination, including the SSTII Self
Storage Portfolio Mortgage Loan, is being serviced and administered pursuant to
the pooling and servicing agreement for the MSC 2016-UBS11 Transaction, which
is incorporated by reference as Exhibit 4.6 to this Annual Report on Form 10-K.

Exhibit Index) with respect to the Harlem USA Mortgage Loan, which constituted
approximately 4.2% of the asset pool of the issuing entity as of its cut-off
date. The Harlem USA Mortgage Loan is an asset of the issuing entity and
is part of a loan combination that includes the Harlem USA Mortgage Loan and
one other pari passu loan, which is not an asset of the issuing entity.
This loan combination, including the Harlem USA Mortgage Loan, was serviced
under the Pooling and Servicing Agreement for the issuing entity prior to the
closing of the securitization of the other pari passu portion of the
Harlem USA loan combination in the Morgan Stanley Capital I Trust 2016-BNK2
transaction, Commission File Number 333-206582-05 (the " MSC 2016-BNK2
Transaction "). After the closing of the MSC 2016-BNK2 Transaction on
November 22, 2016, this loan combination, including the Harlem USA Mortgage
Loan was, and will continue to be, serviced and administered pursuant to the
pooling and servicing agreement with respect to the MSC 2016-BNK2 Transaction,
which is incorporated by reference as Exhibit 4.7 to this Annual Report on Form
10-K.

Exhibit Index) with respect to the Coconut Point Mortgage Loan, which
constituted approximately 3.1% of the asset pool of the issuing entity as of
its cut-off date. The Coconut Point Mortgage Loan is an asset of the
issuing entity and is part of a loan combination that includes the Coconut
Point Mortgage Loan and two other pari passu loans, which are not assets
of the issuing entity. This loan combination, including the Coconut Point
Mortgage Loan, was serviced under the pooling and servicing agreement for the
Morgan Stanley Bank of America Merrill Lynch Trust 2016-C30 transaction prior
to the closing of the securitization of a pari passu portion of the
Coconut Point loan combination in the CSAIL 2016-C7 Commercial Mortgage Trust
transaction, Commission File Number 333-207361-03 (the " CSAIL 2016-C7
Transaction "). After the closing of the CSAIL 2016-C7 Transaction on
November 22, 2016, this loan combination, including the Coconut Point Mortgage Loan
was, and will continue to be, serviced and administered pursuant to the pooling
and servicing agreement with respect to the CSAIL 2016-C7 Transaction, which is
incorporated by reference as Exhibit 4.8 to this Annual Report on Form 10-K.

Exhibit Index) with respect to the MY Portfolio Mortgage Loan, which
constituted approximately 1.0% of the asset pool of the issuing entity as of
its cut-off date. The MY Portfolio Mortgage Loan is an asset of the
issuing entity and is part of a loan combination that includes the MY Portfolio
Mortgage Loan and one other pari passu loan, which is not an asset of
the issuing entity. This loan combination, including the MY Portfolio Mortgage
Loan, was serviced under the Pooling and Servicing Agreement for the issuing
entity prior to the closing of the securitization of the other pari passu
portion of the MY Portfolio loan combination in the CSMC 2016-NXSR Commercial
Mortgage Trust transaction, Commission File Number 333-207361-04 (the " CSMC
2016-NXSR Transaction "). After the closing of the CSMC 2016-NXSR
Transaction on December 22, 2016, this loan combination, including the MY
Portfolio Mortgage Loan was, and will continue to be, serviced and administered
pursuant to the pooling and servicing agreement with respect to the CSMC
2016-NXSR Transaction, which is incorporated by reference as Exhibit 4.9 to
this Annual Report on Form 10-K.

 The master servicer of a pooling
and servicing agreement or trust and servicing agreement also functions as the
primary servicer of the related mortgage loans serviced and administered
pursuant to such agreement unless a separate primary servicer is identified
herein. If this report does not identify a separate primary servicer, the
servicer compliance statement provided by the master servicer under any such
agreement also encompasses its responsibilities as primary servicer of the
related mortgage loan or mortgage loans.

 Wells Fargo Bank, National
Association is the master servicer and certificate administrator of the
mortgage loans serviced under the Pooling and Servicing Agreement and the
primary servicer of the Simon Premium Outlets Mortgage Loan, the Harlem USA
Mortgage Loan, the One Stamford Forum Mortgage Loan, the Coconut Point Mortgage
Loan, the International Square Mortgage Loan, the TEK Park Mortgage Loan and
the MY Portfolio Mortgage Loan. As a result, Wells Fargo Bank, National
Association is a "servicer" as defined in Item 1108(a)(2)(iii) of Regulation
AB, in the capacities described above, because it is servicing mortgage loans
that constituted 10% or more of the assets of the issuing entity as of its
cut-off date. The assessments of compliance with applicable servicing criteria,
accountants' attestation reports and servicer compliance statements delivered
by Wells Fargo Bank, National Association in the capacities described above are
listed in the Exhibit Index.

 Wells Fargo Bank, National
Association is the custodian of the mortgage loans serviced under the Pooling
and Servicing Agreement, the Simon Premium Outlets Mortgage Loan, the Harlem
USA Mortgage Loan, the One Stamford Forum Mortgage Loan, the Coconut Point
Mortgage Loan, the International Square Mortgage Loan, the SSTII Self Storage
Portfolio Mortgage Loan, the TEK Park Mortgage Loan, The Shops at Crystals
Mortgage Loan and the MY Portfolio Mortgage Loan. As a result, Wells
Fargo Bank, National Association is a servicing function participant in the
capacities described above, because it is servicing mortgage loans that
constituted 5% or more of the assets of the issuing entity as of its cut-off
date. The assessments of compliance with applicable servicing criteria and
accountants' attestation reports delivered by Wells Fargo Bank, National
Association in the capacities described above are listed in the Exhibit Index.

 Rialto Capital Advisors, LLC is
the special servicer of the mortgage loans serviced under the Pooling and
Servicing Agreement, the Simon Premium Outlets Mortgage Loan, the One Stamford
Forum Mortgage Loan, the Coconut Point Mortgage Loan and the TEK Park Mortgage
Loan. As a result, Rialto Capital Advisors, LLC is a "servicer" as defined in
Item 1108(a)(2)(iii) of Regulation AB, in the capacities described above, because
it is servicing mortgage loans that constituted 10% or more of the assets of
the issuing entity as of its cut-off date. The assessments of compliance with
applicable servicing criteria, accountants' attestation reports and servicer
compliance statements delivered by Rialto Capital Advisors, LLC in the
capacities described above are listed in the Exhibit Index.

 Park Bridge Lender Services LLC is
the operating advisor of the mortgage loans serviced under the Pooling and
Servicing Agreement, the Simon Premium Outlets Mortgage Loan, the Harlem USA
Mortgage Loan, the One Stamford Forum Mortgage Loan, the Coconut Point Mortgage
Loan, the SSTII Self Storage Portfolio Mortgage Loan, the TEK Park Mortgage
Loan and the MY Portfolio Mortgage Loan. As a result, Park Bridge Lender
Services LLC is a servicing function participant in the capacities described
above, because it is servicing mortgage loans that constituted 5% or more of
the assets of the issuing entity as of its cut-off date. The assessments of
compliance with applicable servicing criteria and accountants' attestation
reports delivered by Park Bridge Lender Services LLC in the capacities
described above are listed in the Exhibit Index.

 KeyBank
National Association is the primary servicer of certain mortgage loans serviced
under the Pooling and Servicing Agreement and The Shops at Crystals Mortgage
Loan. As a result, KeyBank National Association is a "servicer" as defined in
Item 1108(a)(2)(iii) of Regulation AB, in the capacity described above, because
it is servicing mortgage loans that constituted 10% or more of the assets of
the issuing entity as of its cut-off date. The assessments of compliance with
applicable servicing criteria, accountants' attestation reports and servicer
compliance statements delivered by KeyBank National Association in the capacity
described above are listed in the Exhibit Index.

 Greystone Servicing Company LLC
(as successor to C-III Asset Management LLC) is the special servicer of the
Harlem USA Mortgage Loan and the MY Portfolio Mortgage Loan. These
mortgage loans constitute more than 5%, but less than 10%, of the pool assets
of the issuing entity. Therefore, the Depositor included in this Annual
Report on Form 10-K an assessment of compliance with applicable servicing
criteria for Greystone Servicing Company LLC (as successor to C-III Asset
Management LLC) and an accountants' attestation report pursuant to Item 1122 of
Regulation AB because Greystone Servicing Company LLC (as successor to C-III
Asset Management LLC) is servicing more than 5% of the pool assets.
However, the Depositor is not required to include in this Annual Report on Form
10-K a servicer compliance statement pursuant to Item 1123 of Regulation AB of
Greystone Servicing Company LLC (as successor to C-III Asset Management LLC)
because Greystone Servicing Company LLC (as successor to C-III Asset Management
LLC) is an unaffiliated servicer servicing less than 10% of pool assets.

 Wells Fargo Bank, National
Association acts as trustee of The Shops at Crystals Mortgage Loan and the
SSTII Self Storage Portfolio Mortgage Loan. Pursuant to the trust and
servicing agreement for the Shops at Crystals 2016-CSTL Transaction and the
pooling and servicing agreement for the MSC 2016-UBS11 Transaction, the trustee
is required to provide an assessment of compliance with applicable servicing
criteria solely with respect to Item 1122(d)(2)(iii) of Regulation AB
(regarding advances of funds or guarantees regarding collections, cash flows or
distributions, and any interest or other fees charged for such advances, are
made, reviewed and approved as specified in the transaction agreements).
However, during the reporting period, the trustee did not perform any servicing
function with respect to the servicing criteria specified in Item 1122(d)(2)(iii)
of Regulation AB. The master servicer or the special servicer, to the
extent required, performed the servicing function identified with respect to
Item 1122(d)(2)(iii) of Regulation AB, and each such party included Item
1122(d)(2)(iii) of Regulation AB in the assessment of compliance with
applicable servicing criteria and accountant's attestation report for the
subject transaction. As a result, this Annual Report on Form 10-K does
not include an assessment of compliance with applicable servicing criteria of
the trustee. One or more other servicers of The Shops at Crystals Mortgage Loan
and the SSTII Self Storage Portfolio Mortgage Loan have delivered one or more
assessments of compliance with respect to Item 1122(d)(2)(iii) of Regulation
AB.

 Wilmington Trust, National
Association acts as trustee of the mortgage loans serviced under the Pooling
and Servicing Agreement, the TEK Park Mortgage Loan, the International Square
Mortgage Loan, the One Stamford Forum Mortgage Loan, the Simon Premium Outlets
Mortgage Loan, the Harlem USA Mortgage Loan, the Coconut Point Mortgage Loan
and the MY Portfolio Mortgage Loan. Pursuant to the Pooling and Servicing
Agreement, the pooling and servicing agreement for the SGCMS 2016-C5
Transaction, the trust and servicing agreement for the BAMLL 2016-ISQR
Transaction, the pooling and servicing agreement for the WFCM 2016-BNK1
Transaction, the pooling and servicing agreement for the MSC 2016-BNK2
Transaction, the pooling and servicing agreement for the CSAIL 2016-C7 Transaction
and the pooling and servicing agreement for the CSMC 2016-NXSR Transaction, the
trustee is required to provide an assessment of compliance with applicable
servicing criteria solely with respect to Item 1122(d)(2)(iii) of Regulation AB
(regarding advances of funds or guarantees regarding collections, cash flows or
distributions, and any interest or other fees charged for such advances, are
made, reviewed and approved as specified in the transaction agreements).
However, during the reporting period, the trustee did not perform any servicing
function with respect to the servicing criteria specified in Item
1122(d)(2)(iii) of Regulation AB. The master servicer or the special
servicer, to the extent required, performed the servicing function identified with
respect to Item 1122(d)(2)(iii) of Regulation AB, and each such party included
Item 1122(d)(2)(iii) of Regulation AB in the assessment of compliance with
applicable servicing criteria and accountant's attestation report for the
subject transaction. As a result, this Annual Report on Form 10-K does
not include an assessment of compliance with applicable servicing criteria of
the trustee. One or more other servicers of the mortgage loans serviced under
the Pooling and Servicing Agreement, the TEK Park Mortgage Loan, the
International Square Mortgage Loan, the One Stamford Forum Mortgage Loan, the
Simon Premium Outlets Mortgage Loan, the Harlem USA Mortgage Loan, the Coconut
Point Mortgage Loan and the MY Portfolio Mortgage Loan have delivered one or
more assessments of compliance with respect to Item 1122(d)(2)(iii) of
Regulation AB.

 This Annual Report on Form 10-K
includes assessments of compliance with applicable servicing criteria and
accountants' attestation reports from CoreLogic Solutions, LLC. This
entity was engaged by the master servicer under the Pooling and Servicing
Agreement (except with respect to those mortgage loans for which KeyBank
National Association is the primary servicer) and the primary servicer of
the TEK Park Mortgage Loan, the International Square Mortgage Loan, the One
Stamford Forum Mortgage Loan, the Simon Premium Outlets Mortgage Loan, the
Harlem USA Mortgage Loan, the Coconut Point Mortgage Loan and the MY Portfolio
Mortgage Loan to remit tax payments received from the escrow accounts of
borrowers to local taxing authorities, to report tax amounts due, to verify tax
parcel information, and to verify non-escrow tax payments. These servicing
functions are included within the servicing criteria set forth in Items
1122(d)(4)(xi) and 1122(d)(4)(xii) of Regulation AB. Therefore, under the
principles-based definition of "servicer" set forth in Item 1101(j) of
Regulation AB that looks to the functions that an entity performs, this vendor
is a "servicer" for the purposes of Item 1122 of Regulation AB. See
Compliance and Disclosure Interpretations, Section 301.01 (Item 1101(j)).

 This Annual
Report on Form 10-K includes an assessment of compliance with applicable
servicing criteria, accountants' attestation report and servicer compliance
statement from Computershare Trust Company, National Association (" CTCNA ").
CTCNA was engaged by Wells Fargo Bank, National Association (" Wells Fargo "),
in its capacity as certificate administrator and custodian, to perform certain
specified servicing functions identified in the assessment of compliance with
applicable servicing criteria and accountants' attestation reports. Wells
Fargo engaged CTCNA in connection with the sale of Wells Fargo's corporate
trust services business to CTCNA and its affiliates. Further, under the
principles-based definition of "servicer" set forth in Item 1101(j) of
Regulation AB that looks to the functions that an entity performs, this party
is a "servicer" for the purposes of Item 1123 of Regulation AB. See
Compliance and Disclosure Interpretations, Section 301.01 (Item 1101(j)).

 The assessments of compliance with
applicable servicing criteria, accountants' attestation reports and servicer
compliance statements of the certificate administrator of the TEK Park Mortgage
Loan, The Shops at Crystals Mortgage Loan, the International Square Mortgage
Loan, the One Stamford Forum Mortgage Loan, the Simon Premium Outlets Mortgage
Loan, the SSTII Self Storage Portfolio Mortgage Loan, the Harlem USA Mortgage
Loan, the Coconut Point Mortgage Loan and the MY Portfolio Mortgage Loan are
omitted from this Annual Report on Form 10-K as the certificate administrator
pursuant to the related pooling and servicing agreement or trust and servicing
agreement does not perform any activities that address servicing criteria with
respect to the issuing entity and because they are each not a "servicer" that
meets the criteria in Item 1108(a)(2)(i) through (iii) of Regulation AB.

 With respect to the pari passu
loan combinations that include the International Square Mortgage Loan, The
Shops at Crystals Mortgage Loan, the SSTII Self Storage Portfolio Mortgage
Loan, the Harlem USA Mortgage Loan and the MY Portfolio Mortgage Loan, (i) the
reports on assessment of compliance with servicing criteria and attestation
reports on assessment of compliance with servicing criteria of Situs Holdings, LLC as special servicer of The Shops at
Crystals Mortgage Loan prior to April 3, 2023, Torchlight Loan Services,
LLC as special servicer of the International Square Mortgage Loan, Midland Loan
Services, a Division of PNC Bank, National Association as primary servicer of
the SSTII Self Storage Portfolio Mortgage Loan and CWCapital Asset Management
LLC as special servicer of the SSTII Self Storage Portfolio Mortgage Loan, listed
on the Exhibit Index are omitted from this Annual Report on Form 10-K as they
are not required to be included on this Annual Report on Form 10-K per
Instruction 3 to Item 1122 of Regulation AB because they are parties performing
activities that address servicing criteria relating to 5% or less of the assets
of the issuing entity; and (ii) the servicer compliance statements of Situs
Holdings, LLC as special servicer of The Shops at Crystals Mortgage Loan prior
to April 3, 2023, Torchlight Loan Services, LLC as special servicer of the
International Square Mortgage Loan, Midland Loan Services, a Division of PNC
Bank, National Association as primary servicer of the SSTII Self Storage
Portfolio Mortgage Loan, CWCapital Asset Management LLC as special servicer of
the SSTII Self Storage Portfolio Mortgage Loan and Greystone Servicing Company
LLC (as successor to C-III Asset Management LLC) as special servicer of the
Harlem USA Mortgage Loan and the MY Portfolio Mortgage Loan, listed on the
Exhibit Index are omitted from this Annual Report on Form 10-K as they are not
required by Item 1123 of Regulation AB to be included on this Annual Report on
Form 10-K because they are each an unaffiliated party that is not a "servicer"
that meets the criteria in Item 1108(a)(2)(i) through (iii) of Regulation AB.

 Item 1. Business.

 Item 1A. Risk Factors.

 Item 1B. Unresolved Staff Comments.

 None.

 Item 1C. Cybersecurity.

 Item 2. Properties.

 Item 3. Legal Proceedings.

 Item 4. Mine Safety Disclosures.

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

 Item 6. [Reserved]

 Item 7. Management's Discussion and Analysis of
Financial Condition and Results of Operations.

 Item 7A. Quantitative and Qualitative Disclosures
About Market Risk.

 Item 8. Financial Statements and Supplementary Data.

 Item 9. Changes in and Disagreements With
Accountants on Accounting and Financial Disclosure.

 Item 9A. Controls and Procedures.

 Item 9B. Other Information.

 None.

 Item 9C. Disclosure Regarding Foreign Jurisdictions
that Prevent Inspections.

 None.

 Item 10. Directors, Executive Officers and Corporate
Governance.

 Item 11. Executive Compensation.

 Item 12. Security Ownership of Certain Beneficial Owners
and Management and Related Stockholder Matters.

 Item 13. Certain Relationships and Related
Transactions, and Director Independence.

 Item 14. Principal Accountant Fees and Services.

 ADDITIONAL DISCLOSURE ITEMS FOR REGULATION AB

 Item 1112(b) of Regulation AB, Significant Obligor
Financial Information.

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

 Item 1114(b)(2) of Regulation AB, Significant Enhancement
Provider Financial Information.

 No entity or group of affiliated entities provides any external credit
enhancement or other support for the certificates within this transaction as
described under Item 1114(a) of Regulation AB.

 Item 1115(b) of Regulation AB, Certain Derivatives Instruments
(Financial Information).

 No entity or group of affiliated entities provides any
derivative instruments or other support for the certificates within this
transaction as described under Item 1115 of Regulation AB.

 Item 1117 of Regulation AB, Legal Proceedings.

 The registrant knows of no material pending legal proceeding
involving the trust or any party related to the trust, other than routine
litigation incidental to the duties of those respective parties, and the
following, with respect to Wells Fargo Bank, National Association, as trustee,
certificate administrator and custodian.

 In December 2014, Phoenix Light SF
Limited (Phoenix Light) and certain related entities filed a complaint in the
United States District Court for the Southern District of New York alleging
claims against Wells Fargo Bank, N.A., in its capacity as trustee for a number
of residential mortgage-backed securities (RMBS) trusts. Complaints raising
similar allegations have been filed by Commerzbank AG in the Southern District
of New York, IKB International and IKB Deutsche Industriebank (together, IKB)
in New York state court, and Park Royal I LLC and Park Royal II LLC in New York
state court. In each case, the plaintiffs allege that Wells Fargo Bank, N.A.,
as trustee, caused losses to investors, and plaintiffs assert causes of action
based upon, among other things, the trustee's alleged failure to notify and
enforce repurchase obligations of mortgage loan sellers for purported breaches
of representations and warranties, notify investors of alleged events of
default, and abide by appropriate standards of care following alleged events of
default. In July 2022, the district court dismissed Phoenix Light's claims and
certain of the claims asserted by Commerzbank AG, and subsequently entered
judgment in each case in favor of Wells Fargo Bank, N.A. In August 2022,
Phoenix Light and Commerzbank AG each appealed the district court's decision to
the United States Court of Appeals for the Second Circuit. Phoenix Light
dismissed its appeal in May 2023, terminating its case. In November 2023, Wells
Fargo Bank, N.A. entered into an agreement with IKB to resolve IKB's claims.
Wells Fargo Bank, N.A. previously settled two class actions filed by
institutional investors and an action filed by the National Credit Union
Administration with similar allegations.

 Item 1119 of Regulation AB, Affiliations and Certain
Relationships and Related Transactions.

 The information regarding this Item has been previously
provided in the prospectus of the Registrant relating to the issuing entity
filed on November 14, 2016 pursuant to Rule 424(b)(2).

 Item 1122 of Regulation AB, Compliance with Applicable
Servicing Criteria.

assessments of compliance with respect to the mortgage loans are attached
hereto under Item 15 to this Annual Report on Form 10-K. Attached as Exhibit AA
to the Pooling and Servicing Agreement incorporated by reference as Exhibit 4.1
to this Annual Report on Form 10-K is a chart identifying the entities
participating in a servicing function for the transaction responsible for each
applicable servicing criteria set forth in Item 1122(d).

assessments of compliance with respect to the TEK Park Mortgage Loan, which is
being serviced and administered pursuant to the pooling and servicing agreement
for the SGCMS 2016-C5 Transaction, are attached hereto under Item 15 to this
Annual Report on Form 10-K. Attached as Exhibit AA to the pooling and servicing
agreement for the SGCMS 2016-C5 Transaction incorporated by reference as
Exhibit 4.2 to this Annual Report on Form 10-K is a chart identifying the
entities participating in a servicing function for the SGCMS 2016-C5
Transaction responsible for each applicable servicing criteria set forth in
Item 1122(d).

assessments of compliance with respect to The Shops at Crystals Mortgage Loan,
which is being serviced and administered pursuant to the trust and servicing
agreement for the Shops at Crystals 2016-CSTL Transaction, are attached hereto
under Item 15 to this Annual Report on Form 10-K. Attached as Exhibit L to the
trust and servicing agreement for the Shops at Crystals 2016-CSTL Transaction
incorporated by reference as Exhibit 4.3 to this Annual Report on Form 10-K is
a chart identifying the entities participating in a servicing function for the
Shops at Crystals 2016-CSTL Transaction responsible for each applicable
servicing criteria set forth in Item 1122(d).

assessments of compliance with respect to the International Square Mortgage
Loan, which is being serviced and administered pursuant to the trust and
servicing agreement for the BAMLL 2016-ISQR Transaction, are attached hereto
under Item 15 to this Annual Report on Form 10-K. Attached as Exhibit K to the
trust and servicing agreement for the BAMLL 2016-ISQR Transaction incorporated
by reference as Exhibit 4.4 to this Annual Report on Form 10-K is a chart
identifying the entities participating in a servicing function for the BAMLL
2016-ISQR Transaction responsible for each applicable servicing criteria set
forth in Item 1122(d).

assessments of compliance with respect to the Simon Premium Outlets Mortgage
Loan and the One Stamford Forum Mortgage Loan, which are being serviced and
administered pursuant to the pooling and servicing agreement for the WFCM
2016-BNK1 Transaction, are attached hereto under Item 15 to this Annual Report
on Form 10-K. Attached as Exhibit Z to the pooling and servicing agreement for
the WFCM 2016-BNK1 Transaction incorporated by reference as Exhibit 4.5 to this
Annual Report on Form 10-K is a chart identifying the entities participating in
a servicing function for the WFCM 2016-BNK1 Transaction responsible for each
applicable servicing criteria set forth in Item 1122(d).

assessments of compliance with respect to the SSTII Self Storage Portfolio
Mortgage Loan, which is being serviced and administered pursuant to the pooling
and servicing agreement for the MSC 2016-UBS11 Transaction, are attached hereto
under Item 15 to this Annual Report on Form 10-K. Attached as Exhibit AA to the
pooling and servicing agreement for the MSC 2016-UBS11 Transaction incorporated
by reference as Exhibit 4.6 to this Annual Report on Form 10-K is a chart
identifying the entities participating in a servicing function for the MSC
2016-UBS11 Transaction responsible for each applicable servicing criteria set
forth in Item 1122(d).

assessments of compliance with respect to the Harlem USA Mortgage Loan, which
is being serviced and administered pursuant to the pooling and servicing
agreement for the MSC 2016-BNK2 Transaction, are attached hereto under Item 15
to this Annual Report on Form 10-K. Attached as Exhibit Z to the pooling and
servicing agreement for the MSC 2016-BNK2 Transaction incorporated by reference
as Exhibit 4.7 to this Annual Report on Form 10-K is a chart identifying the
entities participating in a servicing function for the MSC 2016-BNK2
Transaction responsible for each applicable servicing criteria set forth in
Item 1122(d).

assessments of compliance with respect to the Coconut Point Mortgage Loan,
which is being serviced and administered pursuant to the pooling and servicing
agreement for the CSAIL 2016-C7 Transaction, are attached hereto under Item 15
to this Annual Report on Form 10-K. Attached as Exhibit AA to the pooling and
servicing agreement for the CSAIL 2016-C7 Transaction incorporated by reference
as Exhibit 4.8 to this Annual Report on Form 10-K is a chart identifying the
entities participating in a servicing function for the CSAIL 2016-C7
Transaction responsible for each applicable servicing criteria set forth in
Item 1122(d).

assessments of compliance with respect to the MY Portfolio Mortgage Loan, which
is being serviced and administered pursuant to the pooling and servicing
agreement for the CSMC 2016-NXSR Transaction, are attached hereto under Item 15
to this Annual Report on Form 10-K. Attached as Exhibit AA to the pooling and
servicing agreement for the CSMC 2016-NXSR Transaction incorporated by
reference as Exhibit 4.9 to this Annual Report on Form 10-K is a chart
identifying the entities participating in a servicing function for the CSMC
2016-NXSR Transaction responsible for each applicable servicing criteria set
forth in Item 1122(d).

 Item 1123 of Regulation AB, Servicer Compliance Statement.

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

 Item 15. Exhibit and Financial Statement Schedules

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

 (1) Not applicable

 (2) Not applicable

 (3) See below

 4.1
 Pooling and Servicing Agreement, dated as of November 1,
2016, by and among Banc of America Merrill Lynch Commercial Mortgage Inc., as
Depositor, Wells Fargo Bank, National Association, as Master Servicer, Rialto
Capital Advisors, LLC, as Special Servicer, Wells Fargo Bank, National
Association, as Certificate Administrator, Wilmington Trust, National
Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor
and Asset Representations Reviewer (filed as Exhibit 4.1 to the registrant's
Current Report on Form 8-K/A filed on December 6, 2016 under Commission File
No. 333-206847-03 and incorporated by reference herein).

 4.2
 Pooling and Servicing Agreement, dated as of July 1,
2016, by and among SG Commercial Mortgage Securities, LLC, as Depositor, Wells
Fargo Bank, National Association, as Master Servicer, Rialto Capital Advisors,
LLC, as Special Servicer, Wells Fargo Bank, National Association, as
Certificate Administrator, Wilmington Trust, National Association, as Trustee,
and Park Bridge Lender Services LLC, as Operating Advisor and as Asset
Representations Reviewer (filed as Exhibit 4.6 to the registrant's Current
Report on Form 8-K/A filed on December 6, 2016 under Commission File No.

 4.3
 Trust and Servicing Agreement, dated as of July 20, 2016,
by and among J.P. Morgan Chase Commercial Mortgage Securities Corp., as
Depositor, KeyBank National Association, as Servicer, AEGON USA Realty
Advisors, LLC, as Special Servicer, Wells Fargo Bank, National Association, as
Certificate Administrator and Trustee (filed as Exhibit 4.7 to the registrant's

 4.4
 Trust and Servicing Agreement, dated as of August 17,
2016, by and among Banc of America Merrill Lynch Large Loan, Inc., as
Depositor, Wells Fargo Bank, National Association, as Servicer, AEGON USA
Realty Advisors, LLC, as Special Servicer, and Wells Fargo Bank, National
Association, as Certificate Administrator and Custodian, and Wilmington Trust,
National Association, as Trustee (filed as Exhibit 4.3 to the registrant's

 4.5
 Pooling and Servicing Agreement, dated as of August 1,
2016, by and among Wells Fargo Commercial Mortgage Securities, Inc., as
Depositor, Wells Fargo Bank, National Association, as Master Servicer, Rialto
Capital Advisors, LLC, as Special Servicer, Wells Fargo Bank, National
Association, as Certificate Administrator, Wilmington Trust, National
Association, as Trustee, and Park Bridge Lender Services LLC, as Operating
Advisor and as Asset Representations Reviewer (filed as Exhibit 4.2 to the
registrant's Current Report on Form 8-K filed on November 14, 2016 under

 4.6
 Pooling and Servicing Agreement, dated as of August 1,
2016, by and among Morgan Stanley Capital I Inc., as Depositor, Midland Loan
Services, a Division of PNC Bank, National Association, as Master Servicer,
CWCapital Asset Management LLC, as Special Servicer, Wells Fargo Bank, National
Association, as Certificate Administrator and Trustee, and Park Bridge Lender
Services LLC, as Operating Advisor and Asset Representations Reviewer (filed as
Exhibit 4.5 to the registrant's Current Report on Form 8-K/A filed on February
23, 2017 under Commission File No. 333-206847-03 and incorporated by reference
herein).

 4.7
 Pooling and Servicing Agreement, dated as of November 1,
2016, by and among Morgan Stanley Capital I Inc., as Depositor, Wells Fargo
Bank, National Association, as Master Servicer, C-III Asset Management LLC, as
Special Servicer, Wells Fargo Bank, National Association, as Certificate
Administrator, Wilmington Trust, National Association, as Trustee, and Park
Bridge Lender Services LLC, as Operating Advisor and as Asset Representations
Reviewer (filed as Exhibit 4.1 to the registrant's Current Report on Form 8-K/A
filed on March 2, 2017 under Commission File No. 333-206847-03 and incorporated
by reference herein).

 4.8
 Pooling and Servicing Agreement, dated as of November 1,
2016, by and among Credit Suisse Commercial Mortgage Securities Corp., as
Depositor, Wells Fargo Bank, National Association, as Master Servicer, Rialto
Capital Advisors, LLC, as Special Servicer, Wells Fargo Bank, National
Association, as Certificate Administrator, Wilmington Trust, National
Association, as Trustee, and Park Bridge Lender Services LLC, as Operating
Advisor and Asset Representations Reviewer (filed as Exhibit 4.2 to the
registrant's Current Report on Form 8-K filed on November 29, 2016 under

 4.9
 Pooling and Servicing Agreement, dated as of December 1,
2016, by and among Credit Suisse Commercial Mortgage Securities Corp., as
Depositor, Wells Fargo Bank, National Association, as Master Servicer,
Torchlight Loan Services, LLC, as Special Servicer, Wells Fargo Bank, National
Association, as Certificate Administrator, Wilmington Trust, National
Association, as Trustee, and Park Bridge Lender Services LLC, as Operating
Advisor and Asset Representations Reviewer (filed as Exhibit 4.1 to the
registrant's Current Report on Form 8-K/A filed on February 7, 2017 under

 4.10 Agreement Between Note Holders, dated as of October 7,
2016, by and between Morgan Stanley Bank, N.A., as Initial Note A-1 Holder,
Morgan Stanley Bank, N.A., as Initial Note A-2 Holder, and Morgan Stanley Bank,
N.A., as Initial Note A-3 Holder (filed as Exhibit 4.8 to the registrant's

 4.11 Agreement Between Note Holders, dated as of November 14,
2016, by and between UBS AG, by and through its branch office at 1285 Avenue of
the Americas, New York, New York, as Initial Note A-1 Holder, UBS AG, by and
through its branch office at 1285 Avenue of the Americas, New York, New York,
as Initial Note A-2 Holder, UBS AG, by and through its branch office at 1285
Avenue of the Americas, New York, New York, as Initial Note A-3 Holder, and UBS
AG, by and through its branch office at 1285 Avenue of the Americas, New York,
New York, as Initial Note A-4 Holder (filed as Exhibit 4.9 to the registrant's

 4.12 Co-Lender Agreement, dated as of June 23, 2016, between
Cantor Commercial Real Estate Lending, L.P., as Note A-1 Holder, UBS Real
Estate Securities Inc., as Note A-2 Holder, and Cantor Commercial Real Estate
Lending, L.P., as Note A-3 Holder (filed as Exhibit 4.16 to the registrant's

 4.13 Co-Lender Agreement, dated as of July 20, 2016, by and
among JPMorgan Chase Bank, National Association, as Initial Note 1 Holder, Bank
of America, N.A., as Initial Note 2 Holder, and Wells Fargo Bank, National
Association, as Initial Note 3 Holder (filed as Exhibit 4.17 to the
registrant's Current Report on Form 8-K filed on November 14, 2016 under

 4.14 Co-Lender Agreement, dated as of August 17, 2016, by and
among Bank of America, N.A., as Initial Note A-1 Holder, Bank of America, N.A.,
as Initial Note A-2 Holder, Bank of America, N.A., as Initial Note A-3 Holder,
and Bank of America, N.A., as Initial Note B Holder (filed as Exhibit 4.13 to
the registrant's Current Report on Form 8-K filed on November 14, 2016 under

 4.15 Agreement Between Note Holders, dated as of August 4,
2016, by and between Bank of America, N.A., as Initial Note A-1 Holder, Bank of
America, N.A., as Initial Note A-2 Holder, and Bank of America, N.A., as
Initial Note A-3 Holder (filed as Exhibit 4.10 to the registrant's Current
Report on Form 8-K filed on November 14, 2016 under Commission File No.

 4.16 Agreement Between Note Holders, dated as of June 28,
2016, by and between Bank of America, N.A., as Initial Note A-1 Holder, and
Bank of America, N.A., as Initial Note A-2 Holder (filed as Exhibit 4.12 to the
registrant's Current Report on Form 8-K filed on November 14, 2016 under

 4.17 Agreement Between Note Holders, dated as of July 28,
2016, by and among KeyBank National Association, as Initial Note A-1 Holder,
and KeyBank National Association, as Initial Note A-2 Holder (filed as Exhibit
4.15 to the registrant's Current Report on Form 8-K filed on November 14, 2016
under Commission File No. 333-206847-03 and incorporated by reference herein).

 4.18 Agreement Between Note Holders, dated as of September 28,
2016, by and between Morgan Stanley Bank, N.A., as Initial Note A-1 Holder, and
Morgan Stanley Bank, N.A., as Initial Note A-2 Holder (filed as Exhibit 4.11 to
the registrant's Current Report on Form 8-K filed on November 14, 2016 under

 4.19 Agreement Between Note Holders, dated as of September 7,
2016, by and between Column Financial, Inc., as Initial Note A-1 Holder, and
Morgan Stanley Bank, N.A., as Initial Note A-2 Holder and Initial Note A-3
Holder (filed as Exhibit 4.14 to the registrant's Current Report on Form 8-K
filed on November 14, 2016 under Commission File No. 333-206847-03 and incorporated
by reference herein).

 4.20 Agreement Between Note Holders, dated as of November 14,
2016, by and between UBS AG, by and through its branch office at 1285 Avenue of
the Americas, New York, New York, as Initial Note A-1 Holder, and UBS AG, by
and through its branch office at 1285 Avenue of the Americas, New York, New
York, as Initial Note A-2 Holder (filed as Exhibit 4.18 to the registrant's

 4.21 Primary Servicing Agreement, Dated as of November 1,
2016, between Wells Fargo Bank, National Association and KeyBank National
Association (filed as Exhibit 4.19 to the registrant's Current Report on Form
8-K filed on November 14, 2016 under Commission File No. 333-206847-03 and
incorporated by reference herein).

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

Reports on assessment of compliance with servicing criteria for asset-backed
securities.

 33.1
 Wells Fargo Bank, National Association, as Master
Servicer

 33.2

 33.3
Wilmington Trust, National Association, as Trustee (Omitted. See Explanatory
Notes.)

 33.4
Certificate Administrator

 33.5
Custodian

 33.6
Advisor

 33.7
Participant

 33.8
as Servicing Function Participant for the Certificate Administrator

 33.9
as Servicing Function Participant for the Custodian

 33.10

 33.11
Servicer of the Huntington Center Mortgage Loan (see Exhibit 33.1)

 33.12
of the Huntington Center Mortgage Loan (see Exhibit 33.2)

 33.13
Wilmington Trust, National Association, as Trustee of the Huntington Center

 33.14
Custodian of the Huntington Center Mortgage Loan (see Exhibit 33.5)

 33.15
Advisor of the Huntington Center Mortgage Loan (see Exhibit 33.6)

 33.16
Participant of the Huntington Center Mortgage Loan (see Exhibit 33.7)

 33.17 Computershare Trust Company, National Association, as
Servicing Function Participant for the Custodian (see Exhibit 33.9)

 33.18
Servicer of the Vintage Park Mortgage Loan (see Exhibit 33.1)

 33.19
of the Vintage Park Mortgage Loan (see Exhibit 33.2)

 33.20
Wilmington Trust, National Association, as Trustee of the Vintage Park Mortgage

 33.21
Custodian of the Vintage Park Mortgage Loan (see Exhibit 33.5)

 33.22
Advisor of the Vintage Park Mortgage Loan (see Exhibit 33.6)

 33.23
Participant of the Vintage Park Mortgage Loan (see Exhibit 33.7)

 33.24

 33.25
Servicer of the TEK Park Mortgage Loan (see Exhibit 33.1)

 33.26
of the TEK Park Mortgage Loan (see Exhibit 33.2)

 33.27
Wilmington Trust, National Association, as Trustee of the TEK Park Mortgage

 33.28
Custodian of the TEK Park Mortgage Loan (see Exhibit 33.5)

 33.29
Advisor of the TEK Park Mortgage Loan (see Exhibit 33.6)

 33.30
Participant of the TEK Park Mortgage Loan (see Exhibit 33.7)

 33.31

 33.32
of The Shops at Crystals Mortgage Loan (see Exhibit 33.10)

 33.33
Situs Holdings, LLC, as Special Servicer of The Shops at Crystals Mortgage Loan
prior to April 3, 2023 (Omitted. See Explanatory Notes.)

 33.34
 KeyBank National Association, as Special Servicer
of The Shops at Crystals Mortgage Loan on and after April 3, 2023 (see Exhibit
33.10)

 33.35
Wells Fargo Bank, National Association, as Trustee of The Shops at Crystals

 33.36
Custodian of The Shops at Crystals Mortgage Loan (see Exhibit 33.5)

 33.37

 33.38
Servicer of the International Square Mortgage Loan (see Exhibit 33.1)

 33.39
Torchlight Loan Services, LLC, as Special Servicer of the International Square

 33.40
Wilmington Trust, National Association, as Trustee of the International Square

 33.41
Custodian of the International Square Mortgage Loan (see Exhibit 33.5)

 33.42
Participant of the International Square Mortgage Loan (see Exhibit 33.7)

 33.43

 33.44
Servicer of the Simon Premium Outlets Mortgage Loan (see Exhibit 33.1)

 33.45
of the Simon Premium Outlets Mortgage Loan (see Exhibit 33.2)

 33.46
Wilmington Trust, National Association, as Trustee of the Simon Premium Outlets

 33.47
Custodian of the Simon Premium Outlets Mortgage Loan (see Exhibit 33.5)

 33.48
Advisor of the Simon Premium Outlets Mortgage Loan (see Exhibit 33.6)

 33.49
Participant of the Simon Premium Outlets Mortgage Loan (see Exhibit 33.7)

 33.50

 33.51
Servicer of the One Stamford Forum Mortgage Loan (see Exhibit 33.1)

 33.52
of the One Stamford Forum Mortgage Loan (see Exhibit 33.2)

 33.53
Wilmington Trust, National Association, as Trustee of the One Stamford Forum

 33.54
Custodian of the One Stamford Forum Mortgage Loan (see Exhibit 33.5)

 33.55
Advisor of the One Stamford Forum Mortgage Loan (see Exhibit 33.6)

 33.56
Participant of the One Stamford Forum Mortgage Loan (see Exhibit 33.7)

 33.57

 33.58
Midland Loan Services, a Division of PNC Bank, National Association, as Primary
Servicer of the SSTII Self Storage Portfolio Mortgage Loan (Omitted. See
Explanatory Notes.)

 33.59
CWCapital Asset Management LLC, as Special Servicer of the SSTII Self Storage

 33.60
Wells Fargo Bank, National Association, as Trustee of the SSTII Self Storage

 33.61
Custodian of the SSTII Self Storage Portfolio Mortgage Loan (see Exhibit 33.5)

 33.62
Advisor of the SSTII Self Storage Portfolio Mortgage Loan (see Exhibit 33.6)

 33.63

 33.64
Servicer of the Harlem USA Mortgage Loan (see Exhibit 33.1)

 33.65
 Greystone Servicing Company LLC (as successor to
C-III Asset Management LLC), as Special Servicer of the Harlem USA Mortgage
Loan

 33.66
Wilmington Trust, National Association, as Trustee of the Harlem USA Mortgage

 33.67
Custodian of the Harlem USA Mortgage Loan (see Exhibit 33.5)

 33.68
Advisor of the Harlem USA Mortgage Loan (see Exhibit 33.6)

 33.69
Participant of the Harlem USA Mortgage Loan (see Exhibit 33.7)

 33.70

 33.71
Servicer of the Coconut Point Mortgage Loan (see Exhibit 33.1)

 33.72
of the Coconut Point Mortgage Loan (see Exhibit 33.2)

 33.73
Wilmington Trust, National Association, as Trustee of the Coconut Point

 33.74
Custodian of the Coconut Point Mortgage Loan (see Exhibit 33.5)

 33.75
Advisor of the Coconut Point Mortgage Loan (see Exhibit 33.6)

 33.76
Participant of the Coconut Point Mortgage Loan (see Exhibit 33.7)

 33.77

 33.78
Servicer of the MY Portfolio Mortgage Loan (see Exhibit 33.1)

 33.79
 Greystone Servicing Company LLC (as successor to
C-III Asset Management LLC), as Special Servicer of the MY Portfolio Mortgage
Loan (see Exhibit 33.65)

 33.80
Wilmington Trust, National Association, as Trustee of the MY Portfolio Mortgage

 33.81
Custodian of the MY Portfolio Mortgage Loan (see Exhibit 33.5)

 33.82
Advisor of the MY Portfolio Mortgage Loan (see Exhibit 33.6)

 33.83
Participant of the MY Portfolio Mortgage Loan (see Exhibit 33.7)

 33.84

 Attestation
reports on assessment of compliance with servicing criteria for asset-backed
securities.

 34.1
 Wells Fargo Bank, National Association, as Master
Servicer

 34.2

 34.3
Wilmington Trust, National Association, as Trustee (Omitted. See Explanatory
Notes.)

 34.4
Certificate Administrator

 34.5
Custodian

 34.6
Advisor

 34.7
Participant

 34.8
as Servicing Function Participant for the Certificate Administrator

 34.9
as Servicing Function Participant for the Custodian

 34.10

 34.11
Servicer of the Huntington Center Mortgage Loan (see Exhibit 34.1)

 34.12
of the Huntington Center Mortgage Loan (see Exhibit 34.2)

 34.13
Wilmington Trust, National Association, as Trustee of the Huntington Center

 34.14
Custodian of the Huntington Center Mortgage Loan (see Exhibit 34.5)

 34.15
Advisor of the Huntington Center Mortgage Loan (see Exhibit 34.6)

 34.16
Participant of the Huntington Center Mortgage Loan (see Exhibit 34.7)

 34.17

 34.18
Servicer of the Vintage Park Mortgage Loan (see Exhibit 34.1)

 34.19
of the Vintage Park Mortgage Loan (see Exhibit 34.2)

 34.20
Wilmington Trust, National Association, as Trustee of the Vintage Park Mortgage

 34.21
Custodian of the Vintage Park Mortgage Loan (see Exhibit 34.5)

 34.22
Advisor of the Vintage Park Mortgage Loan (see Exhibit 34.6)

 34.23
Participant of the Vintage Park Mortgage Loan (see Exhibit 34.7)

 34.24

 34.25
Servicer of the TEK Park Mortgage Loan (see Exhibit 34.1)

 34.26
of the TEK Park Mortgage Loan (see Exhibit 34.2)

 34.27
Wilmington Trust, National Association, as Trustee of the TEK Park Mortgage

 34.28
Custodian of the TEK Park Mortgage Loan (see Exhibit 34.5)

 34.29
Advisor of the TEK Park Mortgage Loan (see Exhibit 34.6)

 34.30
Participant of the TEK Park Mortgage Loan (see Exhibit 34.7)

 34.31

 34.32
of The Shops at Crystals Mortgage Loan (see Exhibit 34.10)

 34.33
Situs Holdings, LLC, as Special Servicer of The Shops at Crystals Mortgage Loan
prior to April 3, 2023 (Omitted. See Explanatory Notes.)

 34.34
 KeyBank National Association, as Special Servicer
of The Shops at Crystals Mortgage Loan on and after April 3, 2023 (see Exhibit
34.10)

 34.35
Wells Fargo Bank, National Association, as Trustee of The Shops at Crystals Mortgage

 34.36
Custodian of The Shops at Crystals Mortgage Loan (see Exhibit 34.5)

 34.37

 34.38
Servicer of the International Square Mortgage Loan (see Exhibit 34.1)

 34.39
Torchlight Loan Services, LLC, as Special Servicer of the International Square

 34.40
Wilmington Trust, National Association, as Trustee of the International Square

 34.41
Custodian of the International Square Mortgage Loan (see Exhibit 34.5)

 34.42
Participant of the International Square Mortgage Loan (see Exhibit 34.7)

 34.43

 34.44
Servicer of the Simon Premium Outlets Mortgage Loan (see Exhibit 34.1)

 34.45
of the Simon Premium Outlets Mortgage Loan (see Exhibit 34.2)

 34.46
Wilmington Trust, National Association, as Trustee of the Simon Premium Outlets

 34.47
Custodian of the Simon Premium Outlets Mortgage Loan (see Exhibit 34.5)

 34.48
Advisor of the Simon Premium Outlets Mortgage Loan (see Exhibit 34.6)

 34.49
Participant of the Simon Premium Outlets Mortgage Loan (see Exhibit 34.7)

 34.50

 34.51
Servicer of the One Stamford Forum Mortgage Loan (see Exhibit 34.1)

 34.52
of the One Stamford Forum Mortgage Loan (see Exhibit 34.2)

 34.53
Wilmington Trust, National Association, as Trustee of the One Stamford Forum

 34.54
Custodian of the One Stamford Forum Mortgage Loan (see Exhibit 34.5)

 34.55
Advisor of the One Stamford Forum Mortgage Loan (see Exhibit 34.6)

 34.56
Participant of the One Stamford Forum Mortgage Loan (see Exhibit 34.7)

 34.57

 34.58
Midland Loan Services, a Division of PNC Bank, National Association, as Primary
Servicer of the SSTII Self Storage Portfolio Mortgage Loan (Omitted. See
Explanatory Notes.)

 34.59
CWCapital Asset Management LLC, as Special Servicer of the SSTII Self Storage

 34.60
Wells Fargo Bank, National Association, as Trustee of the SSTII Self Storage

 34.61
Custodian of the SSTII Self Storage Portfolio Mortgage Loan (see Exhibit 34.5)

 34.62
Advisor of the SSTII Self Storage Portfolio Mortgage Loan (see Exhibit 34.6)

 34.63

 34.64
Servicer of the Harlem USA Mortgage Loan (see Exhibit 34.1)

 34.65
 Greystone Servicing Company LLC (as successor to
C-III Asset Management LLC), as Special Servicer of the Harlem USA Mortgage
Loan

 34.66
Wilmington Trust, National Association, as Trustee of the Harlem USA Mortgage

 34.67
Custodian of the Harlem USA Mortgage Loan (see Exhibit 34.5)

 34.68
Advisor of the Harlem USA Mortgage Loan (see Exhibit 34.6)

 34.69
Participant of the Harlem USA Mortgage Loan (see Exhibit 34.7)

 34.70

 34.71
Servicer of the Coconut Point Mortgage Loan (see Exhibit 34.1)

 34.72
of the Coconut Point Mortgage Loan (see Exhibit 34.2)

 34.73
Wilmington Trust, National Association, as Trustee of the Coconut Point

 34.74
Custodian of the Coconut Point Mortgage Loan (see Exhibit 34.5)

 34.75
Advisor of the Coconut Point Mortgage Loan (see Exhibit 34.6)

 34.76
Participant of the Coconut Point Mortgage Loan (see Exhibit 34.7)

 34.77

 34.78
Servicer of the MY Portfolio Mortgage Loan (see Exhibit 34.1)

 34.79
 Greystone Servicing Company LLC (as successor to
C-III Asset Management LLC), as Special Servicer of the MY Portfolio Mortgage
Loan (see Exhibit 34.65)

 34.80
Wilmington Trust, National Association, as Trustee of the MY Portfolio Mortgage

 34.81
Custodian of the MY Portfolio Mortgage Loan (see Exhibit 34.5)

 34.82
Advisor of the MY Portfolio Mortgage Loan (see Exhibit 34.6)

 34.83
Participant of the MY Portfolio Mortgage Loan (see Exhibit 34.7)

 34.84

Servicer compliance statements.

 35.1
 Wells Fargo Bank, National Association, as Master
Servicer

 35.2

 35.3
Certificate Administrator

 35.4
as Servicing Function Participant for the Certificate Administrator

 35.5

 35.6
Servicer of the Huntington Center Mortgage Loan (see Exhibit 35.1)

 35.7
of the Huntington Center Mortgage Loan (see Exhibit 35.2)

 35.8
Servicer of the Vintage Park Mortgage Loan (see Exhibit 35.1)

 35.9
of the Vintage Park Mortgage Loan (see Exhibit 35.2)

 35.10
Servicer of the TEK Park Mortgage Loan (see Exhibit 35.1)

 35.11
of the TEK Park Mortgage Loan (see Exhibit 35.2)

 35.12
of The Shops at Crystals Mortgage Loan (see Exhibit 35.5)

 35.13
Situs Holdings, LLC as Special Servicer of The Shops at Crystals Mortgage Loan
prior to April 3, 2023 (Omitted. See Explanatory Notes.)

 35.14
 KeyBank National Association, as Special Servicer of
The Shops at Crystals Mortgage Loan on and after April 3, 2023 (see Exhibit
35.5)

 35.15
Servicer of the International Square Mortgage Loan (see Exhibit 35.1)

 35.16
Torchlight Loan Services, LLC, as Special Servicer of the International Square

 35.17
Servicer of the Simon Premium Outlets Mortgage Loan (see Exhibit 35.1)

 35.18
of the Simon Premium Outlets Mortgage Loan (see Exhibit 35.2)

 35.19
Servicer of the One Stamford Forum Mortgage Loan (see Exhibit 35.1)

 35.20
of the One Stamford Forum Mortgage Loan (see Exhibit 35.2)

 35.21
Midland Loan Services, a Division of PNC Bank, National Association, as Primary
Servicer of the SSTII Self Storage Portfolio Mortgage Loan (Omitted. See
Explanatory Notes.)

 35.22
CWCapital Asset Management LLC, as Special Servicer of the SSTII Self Storage

 35.23
Servicer of the Harlem USA Mortgage Loan (see Exhibit 35.1)

 35.24
Greystone Servicing Company LLC (as successor to C-III Asset Management LLC),
as Special Servicer of the Harlem USA Mortgage Loan (Omitted. See Explanatory
Notes.)

 35.25
Servicer of the Coconut Point Mortgage Loan (see Exhibit 35.1)

 35.26
of the Coconut Point Mortgage Loan (see Exhibit 35.2)

 35.27
Servicer of the MY Portfolio Mortgage Loan (see Exhibit 35.1)

 35.28
Greystone Servicing Company LLC (as successor to C-III Asset Management LLC),
as Special Servicer of the MY Portfolio Mortgage Loan (Omitted. See Explanatory
Notes.)

 99.1 Mortgage Loan Purchase Agreement, dated as of October 25,
2016, between Banc of America Merrill Lynch Commercial Mortgage Inc. and Bank of
America, National Association (filed as Exhibit 99.2 to the registrant's

 99.2 Mortgage Loan Purchase Agreement, dated as of October 25,
2016, between Banc of America Merrill Lynch Commercial Mortgage Inc. and Morgan
Stanley Mortgage Capital Holdings LLC (filed as Exhibit 99.1 to the
registrant's Current Report on Form 8-K filed on November 14, 2016 under

 99.3 Mortgage Loan Purchase Agreement, dated as of October 25,
2016, between Banc of America Merrill Lynch Commercial Mortgage Inc. and UBS
AG, by and through its branch office at 1285 Avenue of the Americas, New York,
New York (filed as Exhibit 99.3 to the registrant's Current Report on Form 8-K
filed on November 14, 2016 under Commission File No. 333-206847-03 and
incorporated by reference herein).

 99.4 Mortgage Loan Purchase Agreement, dated as of October 25,
2016, between Banc of America Merrill Lynch Commercial Mortgage Inc. and
KeyBank National Association (filed as Exhibit 99.4 to the registrant's Current
Report on Form 8-K filed on November 14, 2016 under Commission File No.

 99.5 Mortgage Loan Purchase Agreement, dated as of October 25,
2016, between Banc of America Merrill Lynch Commercial Mortgage Inc., Starwood
Mortgage Funding III LLC and Starwood Mortgage Capital LLC (filed as Exhibit
99.5 to the registrant's Current Report on Form 8-K filed on November 14, 2016
under Commission File No. 333-206847-03 and incorporated by reference herein).

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

 (c)
Not Applicable.

 SIGNATURES

 Pursuant to the requirements of Section 13 or 15(d) 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.

 Banc of America Merrill Lynch
Commercial Mortgage Inc.

(Depositor)

 /s/ Leland
F. Bunch, III

 Leland F.
Bunch, III, President and Chief Executive Officer

 (senior officer in charge of
securitization of the depositor)

 Date: March 8, 2024