UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION



Washington, D.C. 20549



FORM 10-K



(Mark One)



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



For the fiscal year ended December 31,
2018
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: 333-201743-01

Central Index Key Number of the issuing
entity: 0001652031



Bank of America Merrill Lynch Commercial
Mortgage Trust 2015-UBS7

(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:
0001541886

UBS Real Estate Securities Inc.

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



Central Index Key Number of the sponsor:
0001102113

Bank of America, National Association

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



|New
York
(State or other jurisdiction of
incorporation or organization of
the issuing entity) | 47-5304267
38-3977507
38-3977508
38-7146424
(I.R.S. Employer
Identification Numbers)
|--------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------

c/o U.S. Bank National Association

as Certificate Administrator

190 S. LaSalle Street

Chicago, IL

(Address of principal executive offices
of the issuing entity)



60603

(Zip Code)



Registrant’s telephone number, including
area code:

(646) 855-3953



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
and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted 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 and post such files).



Not applicable.



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



Not applicable.



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 | ☐                                                | Accelerated
filer         | ☐
|----------------------- | ------------------------------------------------ | ------------------------- | -
|                        |                                                  |                           |  
|Non-accelerated
filer   | ☒  (Do
not check if a smaller reporting company) | 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 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.



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.  ☐  Yes  ☐  No



Not applicable.



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



Not applicable.



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).



Not applicable.










EXPLANATORY NOTES



The WPC Department Store Portfolio Mortgage Loan, which constituted
approximately 2.7% of the asset pool of the issuing entity as of its cut-off date, is an asset of the issuing entity and is part
of a loan combination that includes the WPC Department Store Portfolio Mortgage Loan which is an asset of the issuing entity and
two other pari passu loans, which are not assets of the issuing entity. This loan combination, including the WPC Department
Store Portfolio Mortgage Loan, is 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. Midland Loan Services, a Division of PNC Bank, National Association
is the master servicer under the Pooling and Servicing Agreement. The responsibilities of Midland Loan Services, a Division of
PNC Bank, National Association, as primary servicer of the loan combination with respect to the issuing entity, are subsumed within
its responsibilities as master servicer under the Pooling and Servicing Agreement. Thus, the servicer compliance statement provided
by Midland Loan Services, a Division of PNC Bank, National Association, as master servicer under the Pooling and Servicing Agreement,
encompasses its roles as both master servicer and primary servicer with respect to the loan combination.



The Exhibit Index describes exhibits provided by certain parties
(in their capacities indicated on the Exhibit Index) with respect to the Aviare Place Apartments Mortgage Loan, which constituted
approximately 0.7% of the asset pool of the issuing entity as of its cut-off date. The Aviare Place Apartments Mortgage Loan is
an asset of the issuing entity and is part of a loan combination that includes the Aviare Place Apartments 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 Bank of America Merrill Lynch Trust 2015-C23 transaction, Commission File Number 333-180779-16
(the “MSBAM 2015-C23 Transaction”). This loan combination, including the Aviare Place Apartments Mortgage Loan,
is being serviced and administered pursuant to the pooling and servicing agreement for the MSBAM 2015-C23 Transaction, which is
incorporated by reference as Exhibit 4.2 to this Annual Report on Form 10-K. Wells Fargo Bank, National Association is the master
servicer under the pooling and servicing agreement for the MSBAM 2015-C23 Transaction. The responsibilities of Wells Fargo Bank,
National Association, as primary servicer of this loan combination with respect to the issuing entity, are subsumed within its
responsibilities as master servicer under the pooling and servicing agreement for the MSBAM 2015-C23 Transaction. Thus, the servicer
compliance statement provided by Wells Fargo Bank, National Association, as master servicer under such pooling and servicing agreement,
encompasses its roles as both master servicer and primary servicer with respect to this loan combination.



The Exhibit Index describes exhibits provided by certain parties
(in their capacities indicated on the Exhibit Index) with respect to the Charles River Plaza North Mortgage Loan and The Mall of
New Hampshire Mortgage Loan, which constituted approximately 9.6% and 6.6%, respectively, of the asset pool of the issuing entity
as of its cut-off date. The Charles River Plaza North Mortgage Loan and The Mall of New Hampshire 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 Charles River Plaza North Mortgage
Loan and three other pari passu loans and one subordinate companion loan, which are not assets of the issuing entity or
(b) with respect to The Mall of New Hampshire Mortgage Loan and 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 CSAIL 2015-C3 Commercial Mortgage Trust
transaction, Commission File Number 333-199921-03 (the “CSAIL 2015-C3 Transaction”). These loan combinations,
including the Charles River Plaza North Mortgage Loan and The Mall of New Hampshire Mortgage Loan, are being serviced and administered
pursuant to the pooling and servicing agreement for the CSAIL 2015-C3 Transaction, which is incorporated by reference as Exhibit
4.3 to this Annual Report on Form 10-K. Midland Loan Services, a Division of PNC Bank, National Association is the master servicer
under the pooling and servicing agreement for the CSAIL 2015-C3 Transaction. The responsibilities of Midland Loan Services, a Division
of PNC Bank, National Association, as primary servicer of these loan combinations with respect to the issuing entity, are subsumed
within its responsibilities as master servicer under the pooling and servicing agreement for the CSAIL 2015-C3 Transaction. Thus,
the servicer compliance statement provided by Midland Loan Services, a Division of PNC Bank, National Association, as master servicer
under such pooling and servicing agreement, encompasses its roles as both master servicer and primary servicer with respect to
these loan combinations.



The Exhibit Index describes exhibits provided by certain parties
(in their capacities indicated on the Exhibit Index) with respect to the 261 Fifth Avenue Mortgage Loan, which constituted approximately
9.2% of the asset pool of the issuing entity as of its cut-off date. The 261 Fifth Avenue Mortgage Loan is an asset of the issuing
entity and is part of a loan combination that includes the 261 Fifth Avenue Mortgage Loan and one other pari passu loan,
which is not an asset of the issuing entity. This loan combination, including the 261 Fifth Avenue 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 261 Fifth Avenue loan combination in the Morgan Stanley Bank of America Merrill Lynch Trust 2015-C25 transaction,
Commission File Number 333-201743-02 (the “MSBAM 2015-C25 Transaction”). After the closing of the MSBAM 2015-C25
Transaction on October 15, 2015, this loan combination, including the 261 Fifth Avenue Mortgage Loan was, and will continue to
be, serviced and administered pursuant to the pooling and servicing agreement with respect to the MSBAM 2015-C25 Transaction, which
is incorporated by reference as Exhibit 4.4 to this Annual Report on Form 10-K. Wells Fargo Bank, National Association is the master
servicer under the pooling and servicing agreement for the MSBAM 2015-C25 Transaction. The responsibilities of Wells Fargo Bank,
National Association, as primary servicer of this loan combination with respect to the issuing entity, are subsumed within its
responsibilities as master servicer under the pooling and servicing agreement for the MSBAM 2015-C25 Transaction. Thus, the servicer
compliance statement provided by Wells Fargo Bank, National Association, as master servicer under such pooling and servicing agreement,
encompasses its roles as both master servicer and primary servicer with respect to this loan combination.



Midland Loan Services, a Division of PNC Bank, National Association
is the master servicer of the mortgage loans serviced under the Pooling and Servicing Agreement, the primary servicer of the Charles
River Plaza North Mortgage Loan and The Mall of New Hampshire Mortgage Loan and the special servicer of the 261 Fifth Avenue Mortgage
Loan. As a result, Midland Loan Services, a Division of PNC 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 Midland Loan Services, a Division
of PNC Bank, National Association in the capacities described above are listed in the Exhibit Index.



LNR Partners, LLC is the special servicer of the mortgage loans
serviced under the Pooling and Servicing Agreement and the Aviare Place Apartments Mortgage Loan. As a result, LNR Partners, 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 LNR Partners, LLC in the capacities described above are listed in the Exhibit Index.



U.S. Bank National Association is the certificate
administrator of the mortgage loans serviced under the Pooling and Servicing Agreement and the 261 Fifth Avenue Mortgage
Loan. As a result, U.S. 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 U.S. Bank National Association in the
capacities described above are listed in the Exhibit Index.



Pentalpha Surveillance LLC is the trust advisor of the mortgage
loans serviced under the Pooling and Servicing Agreement, the Charles River Plaza North Mortgage Loan, The Mall of New Hampshire
Mortgage Loan, the 261 Fifth Avenue Mortgage Loan and the Aviare Place Apartments Mortgage Loan. As a result, Pentalpha Surveillance
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 Pentalpha Surveillance LLC in the capacities described above are
listed in the Exhibit Index.



Wells Fargo Bank, National Association is the certificate administrator
of the Charles River Plaza North Mortgage Loan and The Mall of New Hampshire Mortgage Loan, the primary servicer of the 261 Fifth
Avenue Mortgage Loan and the primary servicer and certificate administrator of the Aviare Place Apartments 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 trustee and custodian
of the Charles River Plaza North Mortgage Loan and The Mall of New Hampshire Mortgage Loan and the custodian of the Aviare Place
Apartments 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.



This Annual Report on Form 10-K includes assessments of compliance
with applicable servicing criteria and accountants’ attestation reports from CoreLogic Commercial Real Estate Services, Inc.
and National Tax Search, LLC. These entities were engaged by the primary servicer of the 261 Fifth Avenue Mortgage Loan and the
Aviare Place Apartments 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, these vendors are “servicers” for the purposes of Item 1122 of Regulation AB. See Compliance
and Disclosure Interpretations, Section 301.01 (Item 1101(j)).



With respect to the pari passu loan combinations that include
the Charles River Plaza North Mortgage Loan, The Mall of New Hampshire Mortgage Loan and the Aviare Place Apartments Mortgage Loan,
the report on assessment of compliance with servicing criteria and attestation report on assessment of compliance with servicing
criteria of Wilmington Trust, National Association as trustee of the Aviare Place Apartments 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 it is a party performing activities that address servicing criteria relating
to 5% or less of the assets of the issuing entity.



PART I



Item 1. Business.



Omitted.



Item 1A. Risk Factors.



Omitted.



Item 1B. Unresolved Staff Comments.



None.



Item 2. Properties.



Omitted.



Item 3. Legal Proceedings.



Omitted.



Item 4. Mine Safety Disclosures.



Not applicable.



PART II



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



Omitted.



Item 6. Selected Financial Data.



Omitted.



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



Omitted.



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



Omitted.



Item 8. Financial Statements and Supplementary Data.



Omitted.



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



Omitted.



Item 9A. Controls and Procedures.



Omitted.



Item 9B. Other Information.



None.



PART III



Item 10. Directors, Executive Officers and Corporate Governance.



Omitted.



Item 11. Executive Compensation.



Omitted.



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



Omitted.



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



Omitted.



Item 14. Principal Accounting Fees and Services.



Omitted.



ADDITIONAL DISCLOSURE ITEMS FOR REGULATION
AB



Item 1112(b) of Regulation AB, Significant 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 U.S. Bank National Association as trustee, certificate administrator and custodian, and Wells
Fargo Bank, National Association, as certificate administrator, custodian and trustee:

Since 2014 various plaintiffs or groups of plaintiffs, primarily
investors, have filed claims against U.S. Bank National Association (“U.S. Bank”), in its capacity as trustee
or successor trustee (as the case may be) under certain residential mortgage backed securities (“RMBS”) trusts.
The plaintiffs or plaintiff groups have filed substantially similar complaints against other RMBS trustees, including Deutsche
Bank, Citibank, HSBC, Bank of New York Mellon and Wells Fargo. The complaints against U.S. Bank allege the trustee caused losses
to investors as a result of alleged failures by the sponsors, mortgage loan sellers and servicers for these RMBS trusts and assert
causes of action based upon the trustee’s purported failure to enforce repurchase obligations of mortgage loan sellers for
alleged breaches of representations and warranties concerning loan quality. The complaints also assert that the trustee failed
to notify securityholders of purported events of default allegedly caused by breaches of servicing standards by mortgage loan servicers
and that the trustee purportedly failed to abide by a heightened standard of care following alleged events of default.

Currently U.S. Bank is a defendant in multiple actions alleging
individual or class action claims against the trustee with respect to multiple trusts as described above. Previously, U.S. Bank
disclosed that the most substantial case was: BlackRock Balanced Capital Portfolio et al v. U.S. Bank National Association, No.
605204/2015 (N.Y. Sup. Ct.) (class action alleging claims with respect to approximately 770 trusts) and its companion case BlackRock
Core Bond Portfolio et al v. U.S. Bank National Association, No. 14-cv-9401 (S.D.N.Y.) (collectively, the “BlackRock cases”).
U.S. Bank has entered into a settlement agreement that will resolve the BlackRock cases following approval of the dismissals by
the applicable court. Some of the trusts implicated in the aforementioned Blackrock cases, as well as other trusts, are involved
in actions brought by separate groups of plaintiffs related to no more than 100 trusts per case.

U.S. Bank cannot assure you as to the outcome of any of the
litigation, or the possible impact of these litigations on the trustee or the RMBS trusts. However, U.S. Bank denies liability
and believes that it has performed its obligations under the RMBS trusts in. good faith, that its actions were not the cause of
losses to investors and that it has meritorious defenses, and it intends to contest the plaintiffs’ claims vigorously.

Since June 18, 2014, a group of institutional investors have
filed civil complaints in the Supreme Court of the State of New York, New York County, and later the U.S. District Court for the
Southern District of New York against Wells Fargo Bank, N.A., (“Wells Fargo Bank”) in its capacity as trustee
for certain residential mortgage backed securities (“RMBS”) trusts. The complaints against Wells Fargo Bank
alleged that the trustee caused losses to investors and asserted causes of action based upon, among other things, the trustee’s
alleged failure to: (i) notify and enforce repurchase obligations of mortgage loan sellers for purported breaches of representations
and warranties, (ii) notify investors of alleged events of default, and (iii) abide by appropriate standards of care following
alleged events of default. Relief sought included money damages in an unspecified amount, reimbursement of expenses, and equitable
relief. Wells Fargo Bank has reached an agreement, in which it denies any wrongdoing, to resolve these claims on a classwide basis
for the 271 RMBS trusts currently at issue. The settlement agreement is subject to court approval. Separate lawsuits against Wells
Fargo Bank making similar allegations filed by certain other institutional investors concerning 57 RMBS trusts in New York federal
and state court are not covered by the agreement. With respect to the foregoing litigations, Wells Fargo Bank believes plaintiffs’
claims are without merit and intends to contest the claims vigorously, but there can be no assurances as to the outcome of the
litigations or the possible impact of the litigations on Wells Fargo Bank or the RMBS trusts.



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



The information regarding this Item has been previously provided
in a prospectus supplement of the Registrant relating to the issuing entity filed on September 24, 2015 pursuant to Rule 424(b)(5).



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



The reports on assessments of compliance with the servicing criteria
for asset-backed securities and related attestation reports on such 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 Schedule VIII 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).



The reports on assessments of compliance with the servicing criteria
for asset-backed securities and related attestation reports on such assessments of compliance with respect to the Aviare Place
Apartments Mortgage Loan, which is being serviced and administered pursuant to the pooling and servicing agreement for the MSBAM
2015-C23 Transaction, are attached hereto under Item 15 to this Annual Report on Form 10-K. Attached as Schedule X to the pooling
and servicing agreement for the MSBAM 2015-C23 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 MSBAM 2015-C23 Transaction responsible for
each applicable servicing criteria set forth in Item 1122(d).



The reports on assessments of compliance with the servicing criteria
for asset-backed securities and related attestation reports on such assessments of compliance with respect to the Charles River
Plaza North Mortgage Loan and The Mall of New Hampshire Mortgage Loan, which are being serviced and administered pursuant to the
pooling and servicing agreement for the CSAIL 2015-C3 Transaction, are attached hereto under Item 15 to this Annual Report on Form
10-K. Attached as Exhibit O to the pooling and servicing agreement for the CSAIL 2015-C3 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 CSAIL 2015-C3 Transaction responsible for each applicable servicing criteria set forth in Item 1122(d).



The reports on assessments of compliance with the servicing criteria
for asset-backed securities and related attestation reports on such assessments of compliance with respect to the 261 Fifth Avenue
Mortgage Loan, which is being serviced and administered pursuant to the pooling and servicing agreement for the MSBAM 2015-C25
Transaction, are attached hereto under Item 15 to this Annual Report on Form 10-K. Attached as Schedule X to the pooling and servicing
agreement for the MSBAM 2015-C25 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 MSBAM 2015-C25 Transaction responsible for each applicable
servicing criteria set forth in Item 1122(d).

The report on assessment of compliance with applicable servicing
criteria furnished pursuant to Item 1122 of Regulation AB by Midland Loan Services, a Division of PNC Bank National Association
discloses that a material instance of noncompliance occurred, as described below:

Material Instance of Noncompliance

In certain instances, the Schedule AL Files (Item 1125
of Regulation AB) were not reported in accordance with the terms specified in the transaction agreements, in conflict with Item
1122(d)(3)(i): “Reports to investors, including those to be filed with the Commission, are maintained in accordance with
the transaction agreements and applicable Commission requirements. Specifically, such reports: (A) Are prepared in accordance with
timeframes and other terms set forth in the transaction agreements”. The noncompliance consisted of omitted or inaccurately
reported numbers due to the following: (1) the initial setup files contained information at the asset level, and Midland was required
to manually compile the information to present it at the loan level as required by Schedule AL; and (2) certain reporting requirements
required manual processing by Midland, including the use of various data computation formulas, quality control checks and analysis.

The identified instances did not involve the servicing
of assets included in this securitization.

Steps Taken to Remedy the Material Instance of Noncompliance

Midland is currently remediating the Schedule AL reporting
for the CMBS transactions found to be incorrect, and will be making improvements to its systems, processes and procedures to support
its Schedule AL reporting obligations.



Item 1123 of Regulation AB, Servicer Compliance Statement.



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



PART IV



Item 15. Exhibits, Financial Statement Schedules



(a) The following is a list of documents filed as part 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 September 1, 2015, by and among Banc of America Merrill Lynch Commercial Mortgage Inc., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer, LNR Partners, LLC, as Special Servicer, Pentalpha Surveillance LLC, as Trust Advisor and U.S. Bank National Association, as Trustee, Certificate Administrator, Certificate Registrar, Authenticating Agent and Custodian (filed as Exhibit 4.1 to the registrant’s Current Report on Form 8-K/A filed on October 19, 2015 under Commission File No. 333-201743-01 and incorporated by reference herein).
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 4.2 | Pooling and Servicing Agreement, dated as of June 1, 2015, by and among Morgan Stanley Capital I Inc., as Depositor, Wells Fargo Bank, National Association, as Master Servicer, LNR Partners, LLC, as General Special Servicer, Wells Fargo Bank, National Association, as Excluded Mortgage Loan Special Servicer, Pentalpha Surveillance LLC, as Trust Advisor, Wilmington Trust, National Association, as Trustee and Wells Fargo Bank, National Association, as Certificate Administrator, Certificate Registrar, Authenticating Agent and Custodian (filed as Exhibit 4.3 to the registrant’s Current Report on Form 8-K filed on September 25, 2015 under Commission File No. 333-201743-01 and incorporated by reference herein).
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 4.3 | Pooling and Servicing Agreement, dated as of August 1, 2015, by and among Credit Suisse First Boston Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer, Rialto Capital Advisors, LLC, as Special Servicer, Pentalpha Surveillance LLC, as Operating Advisor, Wells Fargo Bank, National Association, as Certificate Administrator and Wells Fargo Bank, National Association, as Trustee (filed as Exhibit 4.2 to the registrant’s Current Report on Form 8-K filed on September 25, 2015 under Commission File No. 333-201743-01 and incorporated by reference herein).
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 4.4 | Pooling and Servicing Agreement, dated as of October 1, 2015, by and among Banc of America Merrill Lynch Commercial Mortgage Inc., as Depositor, Wells Fargo Bank, National Association, as Master Servicer, Midland Loan Services, a Division of PNC Bank, National Association, as Special Servicer, Pentalpha Surveillance LLC, as Trust Advisor and U.S. Bank National Association, as Trustee, Certificate Administrator, Certificate Registrar, Authenticating Agent and Custodian (filed as Exhibit 4.2 to the registrant’s Current Report on Form 8-K/A filed on October 19, 2015 under Commission File No. 333-201743-01 and incorporated by reference herein).
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 4.5 | Amended and Restated Agreement Between Noteholders, dated as of September 15, 2015, by and between Wells Fargo Bank, National Association, not in its individual capacity but solely as Trustee, for the benefit of the Holders of CSAIL 2015 C-3 Mortgage Trust Commercial Mortgage Pass-Through Certificates, as Note A-1 Holder and Note A-2 Holder, UBS Real Estate Securities Inc., as Note A-3-1 Holder and Note A-3-2 Holder, and Prima Mortgage Investment Trust, LLC, as Junior Noteholder (filed as Exhibit 4.4 to the registrant’s Current Report on Form 8-K filed on September 25, 2015 under Commission File No. 333-201743-01 and incorporated by reference herein).
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 4.6 | Agreement Between Note Holders, dated as of September 3, 2015, 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 4.5 to the registrant’s Current Report on Form 8-K filed on September 25, 2015 under Commission File No. 333-201743-01 and incorporated by reference herein).
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 4.7 | Co-Lender Agreement, dated as of August 18, 2015, by and between UBS Real Estate Securities Inc., as Initial Note A-1 Holder, and UBS Real Estate Securities Inc., as Initial Note A-2 Holder (filed as Exhibit 4.6 to the registrant’s Current Report on Form 8-K filed on September 25, 2015 under Commission File No. 333-201743-01 and incorporated by reference herein).
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 4.8 | Agreement Between Noteholders, dated as of September 24, 2015, by and between UBS Real Estate Securities Inc., as Senior Noteholder, and UBS Real Estate Securities Inc., as Junior Noteholder (filed as Exhibit 4.7 to the registrant’s Current Report on Form 8-K filed on September 25, 2015 under Commission File No. 333-201743-01 and incorporated by reference herein).
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 4.9 | Co-Lender Agreement, dated as of August 18, 2015, by and among UBS Real Estate Securities Inc., as Initial Note A-1 Holder, and UBS Real Estate Securities Inc., as Initial Note A-2 Holder, and UBS Real Estate Securities Inc., as Initial Note A-3 Holder (filed as Exhibit 4.8 to the registrant’s Current Report on Form 8-K filed on September 25, 2015 under Commission File No. 333-201743-01 and incorporated by reference herein).
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 4.10 | Agreement Between Note Holders, dated as of June 4, 2015, 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 4.9 to the registrant’s Current Report on Form 8-K filed on September 25, 2015 under Commission File No. 333-201743-01 and incorporated by reference herein).
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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



| | 33 | Reports on assessment of compliance with servicing criteria for asset-backed securities.
| | -- | ----------------------------------------------------------------------------------------



| | 33.1 | Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer
| | ---- | ---------------------------------------------------------------------------------------



| | 33.2 | LNR Partners, LLC, as Special Servicer
| | ---- | --------------------------------------



| | 33.3 | U.S. Bank National Association, as Trustee, Certificate Administrator and Custodian
| | ---- | -----------------------------------------------------------------------------------



| | 33.4 | Pentalpha Surveillance LLC, as Trust Advisor
| | ---- | --------------------------------------------



| | 33.5 | Midland Loan Services, a Division of PNC Bank, National Association, as Primary Servicer of the WPC Department Store Portfolio Mortgage Loan (see Exhibit 33.1)
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 33.6 | LNR Partners, LLC, as Special Servicer of the WPC Department Store Portfolio Mortgage Loan (see Exhibit 33.2)
| | ---- | -------------------------------------------------------------------------------------------------------------



| | 33.7 | U.S. Bank National Association, as Trustee, Certificate Administrator and Custodian of the WPC Department Store Portfolio Mortgage Loan (see Exhibit 33.3)
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------



| | 33.8 | Pentalpha Surveillance LLC, as Trust Advisor of the WPC Department Store Portfolio Mortgage Loan (see Exhibit 33.4)
| | ---- | -------------------------------------------------------------------------------------------------------------------



| | 33.9 | Wells Fargo Bank, National Association, as Primary Servicer of the Aviare Place Apartments Mortgage Loan
| | ---- | --------------------------------------------------------------------------------------------------------



| | 33.10 | LNR Partners, LLC, as Special Servicer of the Aviare Place Apartments Mortgage Loan (see Exhibit 33.2)
| | ----- | ------------------------------------------------------------------------------------------------------



| | 33.11 | Wilmington Trust, National Association, as Trustee of the Aviare Place Apartments Mortgage Loan (Omitted. See Explanatory Notes.)
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------



| | 33.12 | Wells Fargo Bank, National Association, as Certificate Administrator of the Aviare Place Apartments Mortgage Loan
| | ----- | -----------------------------------------------------------------------------------------------------------------



| | 33.13 | Wells Fargo Bank, National Association, as Custodian of the Aviare Place Apartments Mortgage Loan
| | ----- | -------------------------------------------------------------------------------------------------



| | 33.14 | Pentalpha Surveillance LLC, as Trust Advisor of the Aviare Place Apartments Mortgage Loan (see Exhibit 33.4)
| | ----- | ------------------------------------------------------------------------------------------------------------



| | 33.15 | CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant of the Aviare Place Apartments Mortgage Loan
| | ----- | -------------------------------------------------------------------------------------------------------------------------------



| | 33.16 | National Tax Search, LLC, as Servicing Function Participant of the Aviare Place Apartments Mortgage Loan
| | ----- | --------------------------------------------------------------------------------------------------------



| | 33.17 | Midland Loan Services, a Division of PNC Bank, National Association, as Primary Servicer of the Charles River Plaza North Mortgage Loan (see Exhibit 33.1)
| | ----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------



| | 33.18 | Wells Fargo Bank, National Association, as Trustee and Certificate Administrator of the Charles River Plaza North Mortgage Loan (see Exhibit 33.12)
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------



| | 33.19 | Wells Fargo Bank, National Association, as Custodian of the Charles River Plaza North Mortgage Loan (see Exhibit 33.13)
| | ----- | -----------------------------------------------------------------------------------------------------------------------



| | 33.20 | Pentalpha Surveillance LLC, as Operating Advisor of the Charles River Plaza North Mortgage Loan (see Exhibit 33.4)
| | ----- | ------------------------------------------------------------------------------------------------------------------



| | 33.21 | Midland Loan Services, a Division of PNC Bank, National Association, as Primary Servicer of The Mall of New Hampshire Mortgage Loan (see Exhibit 33.1)
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------



| | 33.22 | Rialto Capital Advisors, LLC, as Special Servicer of The Mall of New Hampshire Mortgage Loan
| | ----- | --------------------------------------------------------------------------------------------



| | 33.23 | Wells Fargo Bank, National Association, as Trustee and Certificate Administrator of The Mall of New Hampshire Mortgage Loan (see Exhibit 33.12)
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------------------



| | 33.24 | Wells Fargo Bank, National Association, as Custodian of The Mall of New Hampshire Mortgage Loan (see Exhibit 33.13)
| | ----- | -------------------------------------------------------------------------------------------------------------------



| | 33.25 | Pentalpha Surveillance LLC, as Operating Advisor of The Mall of New Hampshire Mortgage Loan (see Exhibit 33.4)
| | ----- | --------------------------------------------------------------------------------------------------------------



| | 33.26 | Wells Fargo Bank, National Association, as Primary Servicer of the 261 Fifth Avenue Mortgage Loan (see Exhibit 33.9)
| | ----- | --------------------------------------------------------------------------------------------------------------------



| | 33.27 | Midland Loan Services, a Division of PNC Bank, National Association, as Special Servicer of the 261 Fifth Avenue Mortgage Loan (see Exhibit 33.1)
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------------



| | 33.28 | U.S. Bank National Association, as Trustee, Certificate Administrator and Custodian of the 261 Fifth Avenue Mortgage Loan (see Exhibit 33.3)
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------



| | 33.29 | Pentalpha Surveillance LLC, as Trust Advisor of the 261 Fifth Avenue Mortgage Loan (see Exhibit 33.4)
| | ----- | -----------------------------------------------------------------------------------------------------



| | 33.30 | CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant of the 261 Fifth Avenue Mortgage Loan (see Exhibit 33.15)
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------



| | 33.31 | National Tax Search, LLC, as Servicing Function Participant of the 261 Fifth Avenue Mortgage Loan (see Exhibit 33.16)
| | ----- | ---------------------------------------------------------------------------------------------------------------------



| | 34 | Attestation reports on assessment of compliance with servicing criteria for asset-backed securities.
| | -- | ----------------------------------------------------------------------------------------------------



| | 34.1 | Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer
| | ---- | ---------------------------------------------------------------------------------------



| | 34.2 | LNR Partners, LLC, as Special Servicer
| | ---- | --------------------------------------



| | 34.3 | U.S. Bank National Association, as Trustee, Certificate Administrator and Custodian
| | ---- | -----------------------------------------------------------------------------------



| | 34.4 | Pentalpha Surveillance LLC, as Trust Advisor
| | ---- | --------------------------------------------



| | 34.5 | Midland Loan Services, a Division of PNC Bank, National Association, as Primary Servicer of the WPC Department Store Portfolio Mortgage Loan (see Exhibit 34.1)
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 34.6 | LNR Partners, LLC, as Special Servicer of the WPC Department Store Portfolio Mortgage Loan (see Exhibit 34.2)
| | ---- | -------------------------------------------------------------------------------------------------------------



| | 34.7 | U.S. Bank National Association, as Trustee, Certificate Administrator and Custodian of the WPC Department Store Portfolio Mortgage Loan (see Exhibit 34.3)
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------



| | 34.8 | Pentalpha Surveillance LLC, as Trust Advisor of the WPC Department Store Portfolio Mortgage Loan (see Exhibit 34.4)
| | ---- | -------------------------------------------------------------------------------------------------------------------



| | 34.9 | Wells Fargo Bank, National Association, as Primary Servicer of the Aviare Place Apartments Mortgage Loan
| | ---- | --------------------------------------------------------------------------------------------------------



| | 34.10 | LNR Partners, LLC, as Special Servicer of the Aviare Place Apartments Mortgage Loan (see Exhibit 34.2)
| | ----- | ------------------------------------------------------------------------------------------------------



| | 34.11 | Wilmington Trust, National Association, as Trustee of the Aviare Place Apartments Mortgage Loan (Omitted. See Explanatory Notes.)
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------



| | 34.12 | Wells Fargo Bank, National Association, as Certificate Administrator of the Aviare Place Apartments Mortgage Loan
| | ----- | -----------------------------------------------------------------------------------------------------------------



| | 34.13 | Wells Fargo Bank, National Association, as Custodian of the Aviare Place Apartments Mortgage Loan
| | ----- | -------------------------------------------------------------------------------------------------



| | 34.14 | Pentalpha Surveillance LLC, as Trust Advisor of the Aviare Place Apartments Mortgage Loan (see Exhibit 34.4)
| | ----- | ------------------------------------------------------------------------------------------------------------



| | 34.15 | CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant of the Aviare Place Apartments Mortgage Loan
| | ----- | -------------------------------------------------------------------------------------------------------------------------------



| | 34.16 | National Tax Search, LLC, as Servicing Function Participant of the Aviare Place Apartments Mortgage Loan
| | ----- | --------------------------------------------------------------------------------------------------------



| | 34.17 | Midland Loan Services, a Division of PNC Bank, National Association, as Primary Servicer of the Charles River Plaza North Mortgage Loan (see Exhibit 34.1)
| | ----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------



| | 34.18 | Wells Fargo Bank, National Association, as Trustee and Certificate Administrator of the Charles River Plaza North Mortgage Loan (see Exhibit 34.12)
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------



| | 34.19 | Wells Fargo Bank, National Association, as Custodian of the Charles River Plaza North Mortgage Loan (see Exhibit 34.13)
| | ----- | -----------------------------------------------------------------------------------------------------------------------



| | 34.20 | Pentalpha Surveillance LLC, as Operating Advisor of the Charles River Plaza North Mortgage Loan (see Exhibit 34.4)
| | ----- | ------------------------------------------------------------------------------------------------------------------



| | 34.21 | Midland Loan Services, a Division of PNC Bank, National Association, as Primary Servicer of The Mall of New Hampshire Mortgage Loan (see Exhibit 34.1)
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------



| | 34.22 | Rialto Capital Advisors, LLC, as Special Servicer of The Mall of New Hampshire Mortgage Loan
| | ----- | --------------------------------------------------------------------------------------------



| | 34.23 | Wells Fargo Bank, National Association, as Trustee and Certificate Administrator of The Mall of New Hampshire Mortgage Loan (see Exhibit 34.12)
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------------------



| | 34.24 | Wells Fargo Bank, National Association, as Custodian of The Mall of New Hampshire Mortgage Loan (see Exhibit 34.13)
| | ----- | -------------------------------------------------------------------------------------------------------------------



| | 34.25 | Pentalpha Surveillance LLC, as Operating Advisor of The Mall of New Hampshire Mortgage Loan (see Exhibit 34.4)
| | ----- | --------------------------------------------------------------------------------------------------------------



| | 34.26 | Wells Fargo Bank, National Association, as Primary Servicer of the 261 Fifth Avenue Mortgage Loan (see Exhibit 34.9)
| | ----- | --------------------------------------------------------------------------------------------------------------------



| | 34.27 | Midland Loan Services, a Division of PNC Bank, National Association, as Special Servicer of the 261 Fifth Avenue Mortgage Loan (see Exhibit 34.1)
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------------



| | 34.28 | U.S. Bank National Association, as Trustee, Certificate Administrator and Custodian of the 261 Fifth Avenue Mortgage Loan (see Exhibit 34.3)
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------



| | 34.29 | Pentalpha Surveillance LLC, as Trust Advisor of the 261 Fifth Avenue Mortgage Loan (see Exhibit 34.4)
| | ----- | -----------------------------------------------------------------------------------------------------



| | 34.30 | CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant of the 261 Fifth Avenue Mortgage Loan (see Exhibit 34.15)
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------



| | 34.31 | National Tax Search, LLC, as Servicing Function Participant of the 261 Fifth Avenue Mortgage Loan (see Exhibit 34.16)
| | ----- | ---------------------------------------------------------------------------------------------------------------------



| | 35 | Servicer compliance statements.
| | -- | -------------------------------



| | 35.1 | Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer
| | ---- | ---------------------------------------------------------------------------------------



| | 35.2 | LNR Partners, LLC, as Special Servicer
| | ---- | --------------------------------------



| | 35.3 | U.S. Bank National Association, as Certificate Administrator
| | ---- | ------------------------------------------------------------



| | 35.4 | Midland Loan Services, a Division of PNC Bank, National Association, as Primary Servicer of the WPC Department Store Portfolio Mortgage Loan (see Exhibit 35.1)
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 35.5 | LNR Partners, LLC, as Special Servicer of the WPC Department Store Portfolio Mortgage Loan (see Exhibit 35.2)
| | ---- | -------------------------------------------------------------------------------------------------------------



| | 35.6 | U.S. Bank National Association, as Certificate Administrator of the WPC Department Store Portfolio Mortgage Loan (see Exhibit 35.3)
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------



| | 35.7 | Wells Fargo Bank, National Association, as Primary Servicer of the Aviare Place Apartments Mortgage Loan
| | ---- | --------------------------------------------------------------------------------------------------------



| | 35.8 | LNR Partners, LLC, as Special Servicer of the Aviare Place Apartments Mortgage Loan (see Exhibit 35.2)
| | ---- | ------------------------------------------------------------------------------------------------------



| | 35.9 | Wells Fargo Bank, National Association, as Certificate Administrator of the Aviare Place Apartments Mortgage Loan
| | ---- | -----------------------------------------------------------------------------------------------------------------



| | 35.10 | Midland Loan Services, a Division of PNC Bank, National Association, as Primary Servicer of the Charles River Plaza North Mortgage Loan (see Exhibit 35.1)
| | ----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------



| | 35.11 | Wells Fargo Bank, National Association, as Certificate Administrator of the Charles River Plaza North Mortgage Loan (see Exhibit 35.9)
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------



| | 35.12 | Midland Loan Services, a Division of PNC Bank, National Association, as Primary Servicer of The Mall of New Hampshire Mortgage Loan (see Exhibit 35.1)
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------



| | 35.13 | Rialto Capital Advisors, LLC, as Special Servicer of The Mall of New Hampshire Mortgage Loan
| | ----- | --------------------------------------------------------------------------------------------



| | 35.14 | Wells Fargo Bank, National Association, as Certificate Administrator of The Mall of New Hampshire Mortgage Loan (see Exhibit 35.9)
| | ----- | ----------------------------------------------------------------------------------------------------------------------------------



| | 35.15 | Wells Fargo Bank, National Association, as Primary Servicer of the 261 Fifth Avenue Mortgage Loan
| | ----- | -------------------------------------------------------------------------------------------------



| | 35.16 | Midland Loan Services, a Division of PNC Bank, National Association, as Special Servicer of the 261 Fifth Avenue Mortgage Loan (see Exhibit 35.1)
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------------



| | 35.17 | U.S. Bank National Association, as Certificate Administrator of the 261 Fifth Avenue Mortgage Loan
| | ----- | --------------------------------------------------------------------------------------------------



| | 99.1 | Mortgage Loan Purchase Agreement, dated as of September 14, 2015, between Banc of America Merrill Lynch Commercial Mortgage Inc. and Bank of America, National Association (filed as Exhibit 99.1 to the registrant’s Current Report on Form 8-K/A filed on October 19, 2015 under Commission File No. 333-201743-01 and incorporated by reference herein)
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 99.2 | Mortgage Loan Purchase Agreement, dated as of September 14, 2015, between Banc of America Merrill Lynch Commercial Mortgage Inc. and UBS Real Estate Securities Inc. (filed as Exhibit 99.2 to the registrant’s Current Report on Form 8-K/A filed on October 19, 2015 under Commission File No. 333-201743-01 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 and in the Exhibit Index that immediately
follows the signature page hereof.



(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 26, 2019                                                                                                              |