|
|





UNITED
STATESSECURITIES 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, 2016



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: 333-201743-02

Central
Index Key Number of the issuing entity: 0001653542

Morgan
Stanley Bank of America Merrill Lynch Trust 2015-C25

(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

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



Central
Index Key Number of the sponsor: 0001541557

Morgan
Stanley Mortgage Capital Holdings LLC

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



Central
Index Key Number of the sponsor: 0001548567

CIBC
Inc.

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



Central
Index Key Number of the sponsor: 0001548405

(The
CIK provided is associated with Starwood Mortgage Capital LLC, the parent of the sponsor, which acts as securitizer for purposes
of Rule 15Ga-1)

Starwood
Mortgage Funding III LLC

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



|New
York(State or other jurisdiction ofincorporation or organization of
        the
issuing entity) | 38-3981653
        38-3981654
        38-3981655
        (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, or a smaller
reporting company. See definitions of “large accelerated filer”, “accelerated filer” and “smaller
reporting 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 | ☐





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.



|
|







2






EXPLANATORY
NOTES



The
Herald Center Mortgage Loan and the 261 Fifth Avenue Mortgage Loan, which constituted approximately 9.8% and 9.3%, 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 Herald Center Mortgage Loan which is an asset of the issuing entity and
two other pari passu loans, which are not assets of the issuing entity and (b) with respect to the 261 Fifth Avenue Mortgage
Loan which is an asset of the issuing entity and one other pari passu loan, which is not an asset of the issuing entity.
These loan combinations, including the Herald Center Mortgage Loan and the 261 Fifth Avenue 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. Wells Fargo Bank, National Association is the master servicer under the Pooling and Servicing Agreement.
The responsibilities of Wells Fargo Bank, National Association, as primary servicer of each of these loan combinations 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 Wells Fargo 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 these loan combinations.



The
Exhibit Index describes exhibits provided by certain parties (in their capacities indicated on the Exhibit Index) with respect
to the Coastal Equities Retail Portfolio Mortgage Loan, which constituted approximately 5.1% of the asset pool of the issuing
entity as of its cut-off date. The Coastal Equities Retail Portfolio Mortgage Loan is an asset of the issuing entity and is part
of a loan combination that includes the Coastal Equities Retail Portfolio Mortgage Loan and six other pari passu loans,
which are not assets of the issuing entity. A pari passu portion of the loan combination was securitized in the Morgan
Stanley Bank of America Merrill Lynch Trust 2015-C24 transaction, Commission File Number 333-180779-18 (the “MSBAM 2015-C24
Transaction”). This loan combination, including the Coastal Equities Retail Portfolio Mortgage Loan, is being serviced
and administered pursuant to the pooling and servicing agreement for the MSBAM 2015-C24 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-C24 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-C24 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 Roosevelt New Orleans Waldorf Astoria Mortgage Loan, which constituted approximately 7.0% of the asset pool of the issuing
entity as of its cut-off date. The Roosevelt New Orleans Waldorf Astoria Mortgage Loan is an asset of the issuing entity and is
part of a loan combination that includes the Roosevelt New Orleans Waldorf Astoria 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
JPMBB Commercial Mortgage Securities Trust 2015-C31 transaction, Commission File Number 333-190246-16 (the “JPMBB 2015-C31
Transaction”). This loan combination, including the Roosevelt New Orleans Waldorf Astoria Mortgage Loan, is being serviced
and administered pursuant to the pooling and servicing agreement for the JPMBB 2015-C31 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 JPMBB 2015-C31 Transaction. The responsibilities of Midland
Loan Services, a Division of PNC 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
JPMBB 2015-C31 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 this loan combination.



Wells
Fargo Bank, National Association is the master servicer of the mortgage loans serviced under the Pooling and Servicing Agreement,
the certificate administrator of the Roosevelt New Orleans Waldorf Astoria Mortgage Loan and the primary servicer and certificate
administrator of the Coastal Equities Retail 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.



Midland
Loan Services, a Division of PNC Bank, National Association is the special servicer of the mortgage loans serviced under the Pooling
and Servicing Agreement and the Coastal Equities Retail Portfolio Mortgage Loan and the primary servicer and special servicer
of the Roosevelt New Orleans Waldorf Astoria 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.



Wilmington
Trust, National Association acts as trustee of the Coastal Equities Retail Portfolio Mortgage Loan. Pursuant to the pooling and
servicing agreement for the MSBAM 2015-C24 Transaction, the trustee is required to provide an assessment of compliance with applicable
servicing criteria solely with respect to Item 1122(d)(1)(iv) and 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)(1)(iv) and 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)(1)(iv) and 1122(d)(2)(iii) of Regulation AB, and each such party included Item 1122(d)(1)(iv) and
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





3








servicing criteria of the trustee. One or more other servicers of the Coastal Equities Retail Portfolio Mortgage
Loan have delivered one or more assessments of compliance with respect to Item 1122(d)(1)(iv) and 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 Commercial Real Estate Services, Inc. and National Tax Search, LLC. These entities were engaged by the
master servicer under the Pooling and Servicing Agreement and the primary servicer of the Coastal Equities Retail 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, these
vendors are “servicers” for the purposes of Item 1122 of Regulation AB. See Compliance and Disclosure Interpretations,
Section 301.01 (Item 1101(j)).



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.





4






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 Wells Fargo Bank, National
Association, as trustee, certificate administrator and custodian.



On June 18, 2014, a group of institutional investors filed a civil complaint in the Supreme Court of
the State of New York, New York County, against Wells Fargo Bank, N.A. (“Wells Fargo Bank”), in its capacity
as trustee under 276 residential mortgage backed securities (“RMBS”) trusts, which was later amended on July
18, 2014, to increase the number of trusts to 284 RMBS trusts. On November 24, 2014, the plaintiffs filed a motion to voluntarily
dismiss the state court action without prejudice. That same day, a group of institutional investors filed a putative class action
complaint in





5






the United States District Court for the Southern District of New York (the “District
Court”) against Wells Fargo Bank, alleging claims against the bank in its capacity as trustee for 274 RMBS trusts
(the “Federal Court Complaint”). In December 2014, the plaintiffs’ motion to voluntarily dismiss
their original state court action was granted. As with the prior state court action, the Federal Court Complaint is one of
six similar complaints filed contemporaneously against RMBS trustees (Deutsche Bank, Citibank, HSBC, Bank of New York Mellon
and US Bank) by a group of institutional investor plaintiffs. The Federal Court Complaint against Wells Fargo Bank alleges
that the trustee caused losses to investors and asserts 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 includes money damages in an unspecified amount, reimbursement of
expenses, and equitable relief. Other cases alleging similar causes of action have been filed against Wells Fargo Bank and
other trustees in the District Court by RMBS investors in these and other transactions, and these cases against Wells Fargo
Bank are proceeding before the same District Court judge. A similar complaint was also filed May 27, 2016 in New York state
court by a different plaintiff investor. On January 19, 2016, an order was entered in connection with the Federal Court
Complaint in which the District Court declined to exercise jurisdiction over 261 trusts at issue in the Federal Court
Complaint; the District Court also allowed plaintiffs to file amended complaints as to the remaining, non-dismissed trusts,
if they so chose, and three amended complaints have been filed. On December 17, 2016, the investor plaintiffs in the
261 trusts dismissed from the Federal Court Complaint filed a new complaint in New York state court (the “State
Court Complaint”). Motions to dismiss all of the actions are pending except for the recently filed State Court
Complaint. There can be no assurances as to the outcome of the litigations, or the possible impact of the litigations on the
trustee or the RMBS trusts. However, Wells Fargo 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 any losses to investors, and that it has
meritorious defenses, and it intends to contest the plaintiffs’ claims vigorously.



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 October 15, 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 X 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 Coastal Equities Retail Portfolio Mortgage Loan, which is being serviced and
administered pursuant to the pooling and servicing agreement for the MSBAM 2015-C24 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-C24 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-C24 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 Roosevelt New Orleans Waldorf Astoria Mortgage Loan, which is being serviced
and administered pursuant to the pooling and servicing agreement for the JPMBB 2015-C31 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 JPMBB 2015-C31
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 JPMBB 2015-C31 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.



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 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
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





6








| |  | 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 4.1 to the registrant’s Current Report on
                                         Form 8-K filed on October 16, 2015 under Commission File No. 333-201743-02 and incorporated
                                         by reference herein).
| |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------







| | 4.2 | Pooling
                                         and Servicing Agreement, dated as of August 1, 2015, by and among Morgan Stanley Capital
                                         I Inc., as Depositor, Wells Fargo Bank, National Association, as Master Servicer, Midland
                                         Loan Services, a Division of PNC Bank, National Association, as Special Servicer, and
                                         Park Bridge Lender Services 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 October 16, 2015 under Commission
                                         File No. 333-201743-02 and incorporated by reference herein).
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 4.3 | Pooling
                                         and Servicing Agreement, dated as of August 1, 2015, by and among J.P. Morgan Chase Commercial
                                         Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank,
                                         National Association, as Master Servicer, Midland Loan Services, a Division of PNC Bank,
                                         National Association, as Special Servicer, Wells Fargo Bank, National Association, as
                                         Certificate Administrator and Custodian, Wells Fargo Bank, National Association, as Trustee,
                                         and Pentalpha Surveillance LLC, as Senior Trust Advisor (filed as Exhibit 4.2 to the
                                         registrant’s Current Report on Form 8-K filed on October 16, 2015 under Commission
                                         File No. 333-201743-02 and incorporated by reference herein).
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 4.4 | Agreement
                                         Between Noteholders, dated as of October 15, 2015, by and between Morgan Stanley Mortgage
                                         Capital Holdings LLC, as Initial Note A-1 Holder, and Morgan Stanley Mortgage Capital
                                         Holdings LLC, as Initial Note A-2 Holder, and Morgan Stanley Mortgage Capital Holdings
                                         LLC, as Initial Note A-3 Holder (filed as Exhibit 4.4 to the registrant’s Current
                                         Report on Form 8-K/A filed on November 24, 2015 under Commission File No. 333-201743-02
                                         and incorporated by reference herein).
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 4.5 | 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 October
                                         16, 2015 under Commission File No. 333-201743-02 and incorporated by reference herein).
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





| | 4.6 | Agreement
                                         Between Note Holders, dated as of July 17, 2015, by and between Barclays Bank PLC, as
                                         Initial Note A-1 Holder, and 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 4.6 to the registrant’s
                                         Current Report on Form 8-K filed on October 16, 2015 under Commission File No. 333-201743-02
                                         and incorporated by reference herein).
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 4.7 | Agreement
                                         Between Note Holders, dated as of July 24, 2015, 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 4.7 to the registrant’s Current Report on Form 8-K filed
                                         on October 16, 2015 under Commission File No. 333-201743-02 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 | Wells
                                         Fargo Bank, National Association, as Master Servicer
| | ---- | ---------------------------------------------------------------------------------------------------



| | 33.2 | Midland
                                         Loan Services, a Division of PNC Bank, National Association, 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 | CoreLogic
                                         Commercial Real Estate Services, Inc., as Servicing Function Participant
| | ---- | ---------------------------------------------------------------------------------------------------------------------------



| | 33.6 | National
                                         Tax Search, LLC, as Servicing Function Participant
| | ---- | ----------------------------------------------------------------------------------------------------



| | 33.7 | Wells
                                         Fargo Bank, National Association, as Primary Servicer of the Herald Center Mortgage Loan
                                         (see Exhibit 33.1)
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 33.8 | Midland
                                         Loan Services, a Division of PNC Bank, National Association, as Special Servicer of the
                                         Herald Center Mortgage Loan (see Exhibit 33.2)
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 33.9 | U.S.
                                         Bank National Association, as Trustee, Certificate Administrator and Custodian of the
                                         Herald Center Mortgage Loan (see Exhibit 33.3)
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 33.10 | Pentalpha
                                         Surveillance LLC, as Trust Advisor of the Herald Center Mortgage Loan (see Exhibit 33.4)
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------



| | 33.11 | CoreLogic
                                         Commercial Real Estate Services, Inc., as Servicing Function Participant of the Herald
                                         Center Mortgage Loan (see Exhibit 33.5)
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 33.12 | National
                                         Tax Search, LLC, as Servicing Function Participant of the Herald Center Mortgage Loan
                                         (see Exhibit 33.6)
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 33.13 | Wells
                                         Fargo Bank, National Association, as Primary Servicer of the 261 Fifth Avenue Mortgage
                                         Loan (see Exhibit 33.1)
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 33.14 | Midland
                                         Loan Services, a Division of PNC Bank, National Association, as Special Servicer of the
                                         261 Fifth Avenue Mortgage Loan (see Exhibit 33.2)
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------







7






| | 33.15 | U.S.
                                         Bank National Association, as Trustee, Certificate Administrator and Custodian of the
                                         261 Fifth Avenue Mortgage Loan (see Exhibit 33.3)
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 33.16 | Pentalpha
                                         Surveillance LLC, as Trust Advisor of the 261 Fifth Avenue Mortgage Loan (see Exhibit
                                         33.4)
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 33.17 | CoreLogic
                                         Commercial Real Estate Services, Inc., as Servicing Function Participant of the 261 Fifth
                                         Avenue Mortgage Loan (see Exhibit 33.5)
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 33.18 | National
                                         Tax Search, LLC, as Servicing Function Participant of the 261 Fifth Avenue Mortgage Loan
                                         (see Exhibit 33.6)
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 33.19 | Wells
                                         Fargo Bank, National Association, as Primary Servicer of the Coastal Equities Retail
                                         Portfolio Mortgage Loan (see Exhibit 33.1)
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 33.20 | Midland
                                         Loan Services, a Division of PNC Bank, National Association, as Special Servicer of the
                                         Coastal Equities Retail Portfolio Mortgage Loan (see Exhibit 33.2)
| | ----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 33.21 | Wilmington
                                         Trust, National Association, as Trustee of the Coastal Equities Retail Portfolio Mortgage
                                         Loan (Omitted. See Explanatory Notes.)
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 33.22 | Wells
                                         Fargo Bank, National Association, as Certificate Administrator of the Coastal Equities
                                         Retail Portfolio Mortgage Loan
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 33.23 | Wells
                                         Fargo Bank, National Association, as Custodian of the Coastal Equities Retail Portfolio
                                         Mortgage Loan
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 33.24 | Park
                                         Bridge Lender Services LLC, as Trust Advisor of the Coastal Equities Retail Portfolio
                                         Mortgage Loan
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 33.25 | CoreLogic
                                         Commercial Real Estate Services, Inc., as Servicing Function Participant of the Coastal
                                         Equities Retail Portfolio Mortgage Loan (see Exhibit 33.5)
| | ----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





| | 33.26 | National
                                         Tax Search, LLC, as Servicing Function Participant of the Coastal Equities Retail Portfolio
                                         Mortgage Loan (see Exhibit 33.6)
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 33.27 | Midland
                                         Loan Services, a Division of PNC Bank, National Association, as Primary Servicer of the
                                         Roosevelt New Orleans Waldorf Astoria Mortgage Loan (see Exhibit 33.2)
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 33.28 | Midland
                                         Loan Services, a Division of PNC Bank, National Association, as Special Servicer of the
                                         Roosevelt New Orleans Waldorf Astoria Mortgage Loan (see Exhibit 33.2)
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 33.29 | Wells
                                         Fargo Bank, National Association, as Trustee and Certificate Administrator of the Roosevelt
                                         New Orleans Waldorf Astoria Mortgage Loan (see Exhibit 33.22)
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 33.30 | Wells
                                         Fargo Bank, National Association, as Custodian of the Roosevelt New Orleans Waldorf Astoria
                                         Mortgage Loan (see Exhibit 33.23)
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 33.31 | Pentalpha
                                         Surveillance LLC, as Senior Trust Advisor of the Roosevelt New Orleans Waldorf Astoria
                                         Mortgage Loan (see Exhibit 33.4)
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 34 | 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 | Midland
                                         Loan Services, a Division of PNC Bank, National Association, 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 | CoreLogic
                                         Commercial Real Estate Services, Inc., as Servicing Function Participant
| | ---- | ---------------------------------------------------------------------------------------------------------------------------



| | 34.6 | National
                                         Tax Search, LLC, as Servicing Function Participant
| | ---- | ----------------------------------------------------------------------------------------------------



| | 34.7 | Wells
                                         Fargo Bank, National Association, as Primary Servicer of the Herald Center Mortgage Loan
                                         (see Exhibit 34.1)
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 34.8 | Midland
                                         Loan Services, a Division of PNC Bank, National Association, as Special Servicer of the
                                         Herald Center Mortgage Loan (see Exhibit 34.2)
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 34.9 | U.S.
                                         Bank National Association, as Trustee, Certificate Administrator and Custodian of the
                                         Herald Center Mortgage Loan (see Exhibit 34.3)
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 34.10 | Pentalpha
                                         Surveillance LLC, as Trust Advisor of the Herald Center Mortgage Loan (see Exhibit 34.4)
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------



| | 34.11 | CoreLogic
                                         Commercial Real Estate Services, Inc., as Servicing Function Participant of the Herald
                                         Center Mortgage Loan (see Exhibit 34.5)
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 34.12 | National
                                         Tax Search, LLC, as Servicing Function Participant of the Herald Center Mortgage Loan
                                         (see Exhibit 34.6)
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------







8






| | 34.13 | Wells
                                         Fargo Bank, National Association, as Primary Servicer of the 261 Fifth Avenue Mortgage
                                         Loan (see Exhibit 34.1)
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 34.14 | Midland
                                         Loan Services, a Division of PNC Bank, National Association, as Special Servicer of the
                                         261 Fifth Avenue Mortgage Loan (see Exhibit 34.2)
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 34.15 | U.S.
                                         Bank National Association, as Trustee, Certificate Administrator and Custodian of the
                                         261 Fifth Avenue Mortgage Loan (see Exhibit 34.3)
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 34.16 | Pentalpha
                                         Surveillance LLC, as Trust Advisor of the 261 Fifth Avenue Mortgage Loan (see Exhibit
                                         34.4)
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 34.17 | CoreLogic
                                         Commercial Real Estate Services, Inc., as Servicing Function Participant of the 261 Fifth
                                         Avenue Mortgage Loan (see Exhibit 34.5)
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 34.18 | National
                                         Tax Search, LLC, as Servicing Function Participant of the 261 Fifth Avenue Mortgage Loan
                                         (see Exhibit 34.6)
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 34.19 | Wells
                                         Fargo Bank, National Association, as Primary Servicer of the Coastal Equities Retail
                                         Portfolio Mortgage Loan (see Exhibit 34.1)
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 34.20 | Midland
                                         Loan Services, a Division of PNC Bank, National Association, as Special Servicer of the
                                         Coastal Equities Retail Portfolio Mortgage Loan (see Exhibit 34.2)
| | ----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 34.21 | Wilmington
                                         Trust, National Association, as Trustee of the Coastal Equities Retail Portfolio Mortgage
                                         Loan (Omitted. See Explanatory Notes.)
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 34.22 | Wells
                                         Fargo Bank, National Association, as Certificate Administrator of the Coastal Equities
                                         Retail Portfolio Mortgage Loan
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





| | 34.23 | Wells
                                         Fargo Bank, National Association, as Custodian of the Coastal Equities Retail Portfolio
                                         Mortgage Loan
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 34.24 | Park
                                         Bridge Lender Services LLC, as Trust Advisor of the Coastal Equities Retail Portfolio
                                         Mortgage Loan
| | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 34.25 | CoreLogic
                                         Commercial Real Estate Services, Inc., as Servicing Function Participant of the Coastal
                                         Equities Retail Portfolio Mortgage Loan (see Exhibit 34.5)
| | ----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 34.26 | National
                                         Tax Search, LLC, as Servicing Function Participant of the Coastal Equities Retail Portfolio
                                         Mortgage Loan (see Exhibit 34.6)
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 34.27 | Midland
                                         Loan Services, a Division of PNC Bank, National Association, as Primary Servicer of the
                                         Roosevelt New Orleans Waldorf Astoria Mortgage Loan (see Exhibit 34.2)
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 34.28 | Midland
                                         Loan Services, a Division of PNC Bank, National Association, as Special Servicer of the
                                         Roosevelt New Orleans Waldorf Astoria Mortgage Loan (see Exhibit 34.2)
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 34.29 | Wells
                                         Fargo Bank, National Association, as Trustee and Certificate Administrator of the Roosevelt
                                         New Orleans Waldorf Astoria Mortgage Loan (see Exhibit 34.22)
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 34.30 | Wells
                                         Fargo Bank, National Association, as Custodian of the Roosevelt New Orleans Waldorf Astoria
                                         Mortgage Loan (see Exhibit 34.23)
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 34.31 | Pentalpha
                                         Surveillance LLC, as Senior Trust Advisor of the Roosevelt New Orleans Waldorf Astoria
                                         Mortgage Loan (see Exhibit 34.4)
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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



| | 35.1 | Wells
                                         Fargo Bank, National Association, as Master Servicer
| | ---- | ---------------------------------------------------------------------------------------------------



| | 35.2 | Midland
                                         Loan Services, a Division of PNC Bank, National Association, as Special Servicer
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------



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



| | 35.4 | Wells
                                         Fargo Bank, National Association, as Primary Servicer of the Herald Center Mortgage Loan
                                         (see Exhibit 35.1)
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 35.5 | Midland
                                         Loan Services, a Division of PNC Bank, National Association, as Special Servicer of the
                                         Herald Center Mortgage Loan (see Exhibit 35.2)
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 35.6 | U.S.
                                         Bank National Association, as Certificate Administrator of the Herald Center Mortgage
                                         Loan (see Exhibit 35.3)
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 35.7 | Wells
                                         Fargo Bank, National Association, as Primary Servicer of the 261 Fifth Avenue Mortgage
                                         Loan (see Exhibit 35.1)
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 35.8 | Midland
                                         Loan Services, a Division of PNC Bank, National Association, as Special Servicer of the
                                         261 Fifth Avenue Mortgage Loan (see Exhibit 35.2)
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 35.9 | U.S.
                                         Bank National Association, as Certificate Administrator of the 261 Fifth Avenue Mortgage
                                         Loan (see Exhibit 35.3)
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





| | 35.10 | Wells
                                         Fargo Bank, National Association, as Primary Servicer of the Coastal Equities Retail
                                         Portfolio Mortgage Loan
| | ----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------







9






| | 35.11 | Midland
                                         Loan Services, a Division of PNC Bank, National Association, as Special Servicer of the
                                         Coastal Equities Retail Portfolio Mortgage Loan (see Exhibit 35.2)
| | ----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 35.12 | Wells
                                         Fargo Bank, National Association, as Certificate Administrator of the Coastal Equities
                                         Retail Portfolio Mortgage Loan
| | ----- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 35.13 | Midland
                                         Loan Services, a Division of PNC Bank, National Association, as Primary Servicer of the
                                         Roosevelt New Orleans Waldorf Astoria Mortgage Loan (see Exhibit 35.2)
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 35.14 | Midland
                                         Loan Services, a Division of PNC Bank, National Association, as Special Servicer of the
                                         Roosevelt New Orleans Waldorf Astoria Mortgage Loan (see Exhibit 35.2)
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 35.15 | Wells
                                         Fargo Bank, National Association, as Certificate Administrator of the Roosevelt New Orleans
                                         Waldorf Astoria Mortgage Loan
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 99.1 | Mortgage
                                         Loan Purchase Agreement, dated as of October 7, 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 filed on October 16, 2015 under
                                         Commission File No. 333-201743-02 and incorporated by reference herein)
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 99.2 | Mortgage
                                         Loan Purchase Agreement, dated as of October 7, 2015, between Banc of America Merrill
                                         Lynch Commercial Mortgage Inc. and Morgan Stanley Mortgage Capital Holdings LLC (filed
                                         as Exhibit 99.2 to the registrant’s Current Report on Form 8-K/A filed on November
                                         24, 2015 under Commission File No. 333-201743-02 and incorporated by reference herein)
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 99.3 | Mortgage
                                         Loan Purchase Agreement, dated as of October 7, 2015, between Banc of America Merrill
                                         Lynch Commercial Mortgage Inc. and CIBC Inc. (filed as Exhibit 99.3 to the registrant’s
                                         Current Report on Form 8-K filed on October 16, 2015 under Commission File No. 333-201743-02
                                         and incorporated by reference herein)
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





| | 99.4 | Mortgage
                                         Loan Purchase Agreement, dated as of October 7, 2015, among Banc of America Merrill Lynch
                                         Commercial Mortgage Inc., Starwood Mortgage Funding III LLC and Starwood Mortgage Capital
                                         LLC (filed as Exhibit 99.4 to the registrant’s Current Report on Form 8-K filed
                                         on October 16, 2015 under Commission File No. 333-201743-02 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.





10






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 29, 2017                                          | 





11