**UNITED STATESSECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON,D.C. 20549**

**FORM 10‐K**

 

(Mark one)

**/X/ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934**

**    For the fiscal year endedDecember 31, 2017 OR**

**//TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934**

**For the transition period from****            ****to****            **

 

 

 

**Commission file number:333-180779-19**

 

**Central Index Key Number of the issuingentity:0001655591**

 

**Morgan Stanley Bank of America Merrill Lynch Trust2015-C26**

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

 

**Central Index Key Number of the depositor:0001547361**

 

**Morgan Stanley Capital I Inc.**

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

 

**Central Index Key Number of the sponsor:0001541557**

 

**Morgan Stanley Mortgage Capital Holdings LLC**

**(exact names of the sponsors as specified in theircharters)**

 

**Central Index Key Number of the sponsor:0001102113**

 

**Bank of America, National Association**

**(exact names of the sponsors as specified in theircharters)**

 

**Central Index Key Number of the sponsor:0001548567**

 

**CIBC Inc.**

**(exact names of the sponsors as specified in theircharters)**

 

**Central Index Key Number of the sponsor:0001682532**

 

**Starwood Mortgage Funding III LLC**

**(exact names of the sponsors as specified in theircharters)**

 

 

|                                                                |
|---------------------------------------------------------------------|
| **New York**                                                   |   |   |   |   |   |   |
|                                                                | **38‐3979808** |
| **(State or other jurisdiction of incorporation or  organization)** |   | **38‐3979809** |
|                                                                | **38‐3979810** |
|                                                                | **38‐7143638** |
|                                                                | **(I.R.S. Employer Identification No.)** |   |   |
|                                                                |   |

**c/o Wells Fargo Bank, N.A.**

**9062 Old Annapolis Road**

** Columbia, MD**

**(Address of principal executive offices)**

 

**21045**

**(Zip Code)**

 

**Telephone number, including area code:**

**(410) 884‐2000**

Securitiesregistered pursuant to Section 12(b) of the Act:

 

  NONE.

 

Securitiesregistered pursuant to Section 12(g) of the Act:

 

  NONE.

 

Indicateby check mark if the registrant is a well-known seasoned issuer, as defined inRule 405 of the Securities Act.

 

  Yes___ No X

 

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

 

  Yes___ No X

 

Note- Checking the box above will not relieve any registrant required to filereports pursuant to Section 13 or 15(d) of the Exchange Act from theirobligations under those Sections.

 

Indicate by check mark whether the registrant (1) has filed all reportsrequired to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that theregistrant was required to file such reports), and (2) has been subject to suchfiling requirements for the past 90 days.

 

  YesX No ___

 

Indicateby check mark whether the registrant has submitted electronically and posted onits corporate Web site, if any, every Interactive Data File required to besubmitted and posted pursuant to Rule 405 of Regulation S-T (Section 232.405 ofthis chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit and post such files).

 

  Notapplicable.

 

Indicateby check mark if disclosure of delinquent filers pursuant to Item 405 ofRegulation S-K (Section 229.405 of this chapter) is not contained herein, andwill not be contained, to the best of registrant's knowledge, in definitiveproxy or information statements incorporated by reference in Part III of thisForm 10-K or any amendment to this Form 10-K.

 

  Notapplicable.

 

Indicateby check mark whether the registrant is a large accelerated filer, anaccelerated filer, a non-accelerated filer, a smaller reporting company, oremerging growth company. See the definitions of "large acceleratedfiler", "accelerated filer," "smaller reportingcompany," and “emerging growth company” in Rule 12b-2 of theExchange Act.

 

 Largeaccelerated filer ___ Accelerated filer ___ Non-accelerated filer X (Do not check if a smaller reporting company)Smaller reporting company ___

 

Emerginggrowth company ___

 

Ifan emerging growth company, indicate by check mark if the registrant haselected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) ofthe Ex­change Act.

 

  Notapplicable.

 

Indicateby check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Act).

 

  Yes___ No X

 

Statethe aggregate market value of the voting and non-voting common equity held bynon-affiliates computed by reference to the price at which the common equity waslast sold, or the average bid and asked price of such common equity, as of thelast business day of the registrant's most recently completed second fiscalquarter.

 

  Notapplicable.

 

Indicateby check mark whether the registrant has filed all documents and reportsrequired to be filed by Section 12, 13 or 15(d) of the Securities Exchange Actof 1934 subsequent to the distribution of securities under a plan confirmed bya court.

 

  Notapplicable.

 

Indicatethe number of shares outstanding of each of the registrant's classes of commonstock, as of the latest practicable date.

 

  Notapplicable.

 

DOCUMENTSINCORPORATED BY REFERENCE

 

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

 

  Notapplicable.

 

**EXPLANATORY NOTES**

 

TheMSBAM 2015-C26 mortgage pool includes the following mortgage loans, each of whichis serviced pursuant to a separate pooling and servicing agreement (each, an“Outside Pooling and Servicing Agreement”):• the 535-545 Fifth Avenue mortgage loan and the Coastal Equities RetailPortfolio mortgage loan, which are serviced pursuant to the MSBAM 2015-C24pooling and servicing agreement attached hereto as Exhibit 4.2;• the Herald Center mortgage loan, which is serviced pursuant to theMSBAM 2015-C25 pooling and servicing agreement attached hereto as Exhibit 4.3;and• the 11 Madison Avenue mortgage loan, which is serviced pursuant to theMAD 2015-11MD trust and servicing agreement attached hereto as Exhibit 4.4.

 

Exceptas set forth below, each of the parties to each pooling and servicing agreementlisted in the Exhibit Index both (1) participates in the servicing function forpurposes of Item 1122 of Regulation AB and (2) constitutes a servicer thatmeets the criteria in Item 1108(a)(2)(i) through (iii) of Regulation AB forpurposes of Item 1123 of Regulation AB:

 

•The trustee under a pooling and servicing agreement has a nominal role withrespect to the mortgage pool securitized pursuant to such pooling and servicingagreement. The trustee’s only servicing function is the contingentobligation to make certain advances if the master servicer under such poolingand servicing agreement fails to do so, while all other servicing functions areperformed by other parties. The trustee under each of the pooling and servicingagreements listed in the Exhibit Index has confirmed to the registrant that ithas not made any such contingent advances during the reporting period, andconsequently, each such trustee does not participate in the servicing functionfor purposes of Item 1122 of Regulation AB, nor does it perform the functionsof a servicer for purposes of the definition of “servicer” underItem 1101 of Regulation AB or for purposes of Item 1123 of Regulation AB.

 

•The certificate administrator under a pooling and servicing agreement performs variouspayment administration functions solely for the securitization governed by suchpooling and servicing agreement and the mortgage pool securitized pursuant tosuch pooling and servicing agreement and does not have any obligations withrespect to any other transaction. Consequently, the certificate administratorunder an Outside Pooling and Servicing Agreement does not participate in theservicing function for purposes of Item 1122 of Regulation AB, nor does itperform the functions of a servicer for purposes of the definition of“servicer” under Item 1101 of Regulation AB or for purposes of Item1123 of Regulation AB.

 

•The operating advisor under a pooling and servicing agreement represents theinterests of senior certificateholders in the transaction governed by suchpooling and servicing agreement and is responsible for monitoring theperformance of the special servicer under such pooling and servicing agreementand producing certain reports to certificateholders relating to the resolutionof the mortgage pool securitized pursuant to such pooling and servicingagreement. The operating advisor under a pooling and servicing agreement doesnot have any obligations with respect to any other transaction and is solelyobligated to perform loan reporting functions with respect to thesecuritization governed by such pooling and servicing agreement. Consequently, the operating advisor under an Outside Pooling and ServicingAgreement neither participates in the servicing function for purposes of Item 1122of Regulation AB nor performs the functions of a servicer for purposes of thedefinition of “servicer” under Item 1101 of Regulation AB or forpurposes of Item 1123 of Regulation AB. In addition, while the operatingadvisor under a pooling and servicing agreement has certain reportingobligations in respect of the related mortgage pool, it has no obligation tocollect or disburse funds in respect of the mortgage pool or to administer anyof the underlying mortgage loans.  Consequently, the operating advisor undera pooling and servicing agreement participates in the servicing function forpurposes of Item 1122 of Regulation AB, but is not responsible for the“management or collection of the pool assets or making allocations ordistributions to holders of the asset-backed securities” within themeaning of “servicer” under Item 1101 of Regulation AB and does notperform the functions of a servicer for purposes of Item 1123 of Regulation AB.

 

•KeyBank National Association is the master servicer under the MAD 2015-11MDtrust and servicing agreement, pursuant to which the 11 Madison Avenue mortgageloan is serviced. Because KeyBank National Association is not the MSBAM2015-C26 master servicer, is not affiliated with any sponsor and services onlythe 11 Madison Avenue mortgage loan, which constitutes more than 5% but lessthan 10% of the mortgage pool, KeyBank National Association, as MAD 2015-11MDmaster servicer constitutes a reporting “servicing functionparticipant” for purposes of Item 1122 of Regulation AB, as specified inthe Instruction 3 to Item 1122, but does not constitute a reporting“servicer” for purposes of Item 1123 of Regulation AB, as specifiedin the Instruction to Item 1123.

 

•KeyBank National Association is the special servicer under the MAD 2015-11MDtrust and servicing agreement, pursuant to which the 11 Madison Avenue mortgageloan is serviced. Because KeyBank National Association is not the MSBAM2015-C26 special servicer, is not affiliated with any sponsor and services onlythe 11 Madison Avenue mortgage loan, which constitutes more than 5% but lessthan 10% of the mortgage pool, KeyBank National Association, as MAD 2015-11MDspecial servicer constitutes a reporting “servicing functionparticipant” for purposes of Item 1122 of Regulation AB, as specified inthe Instruction 3 to Item 1122, but does not constitute a reporting“servicer” for purposes of Item 1123 of Regulation AB, as specifiedin the Instruction to Item 1123.

 

•U.S. Bank National Association, is the custodian under the MSBAM 2015-C25pooling and servicing agreement, pursuant to which the Herald Center mortgageloan is serviced. Because U.S. Bank National Association is not the MSBAM2015-C26 custodian, is not affiliated with any sponsor and services only theHerald Center mortgage loan, which constitutes more than 5% but less than 10%of the mortgage pool, U.S. Bank National Association, as MSBAM 2015-C25custodian constitutes a reporting “servicing function participant”for purposes of Item 1122 of Regulation AB, as specified in the Instruction 3to Item 1122, but does not constitute a reporting “servicer” forpurposes of Item 1123 of Regulation AB, as specified in the Instruction to Item1123.

 

•In March 2016, LNR Securities Holdings, LLC, the designated representative ofthe 535-545 Fifth Avenue controlling note holder, appointed LNR Partners, LLCto act as special servicer for the 535-545 Fifth Avenue mortgage loan under theMSBAM 2015-C24 pooling and servicing agreement.

 

Inaddition, each of the following parties engaged the services of certainservicing function participants and sub-servicers for the reporting period, asset forth below:• Wells Fargo Bank, National Association, as master servicer and excludedspecial servicer, engaged the services of CoreLogic Commercial Real EstateServices, Inc. and National Tax Search, LLC, in each case as a servicingfunction participant in respect of the entire mortgage pool for the reportingperiod.

 

•Wells Fargo Bank, National Association, as master servicer under the MSBAM 2015-C24pooling and servicing agreement, pursuant to which the 535-545 Fifth Avenuemortgage loan and Coastal Equities Retail Portfolio mortgage loan are serviced,engaged the services of CoreLogic Commercial Real Estate Services, Inc. andNational Tax Search, LLC, in each case as a servicing function participant inrespect of the 535-545 Fifth Avenue mortgage loan and Coastal Equities RetailPortfolio mortgage loan for the reporting period.

 

•Wells Fargo Bank, National Association, as master servicer under the MSBAM2015-C25 pooling and servicing agreement, pursuant to which the Herald Centermortgage loan is serviced, engaged the services of CoreLogic Commercial RealEstate Services, Inc. and National Tax Search, LLC, in each case as a servicingfunction participant in respect of the Herald Center mortgage loan for thereporting period.

 

| **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.**    |
|              | Omitted.                        |
|              |                            |   |

 

| **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.                                                                                             |
|              |                                                                                                 |   |

 

**ADDITIONALDISCLOSURE ITEMS FOR REGULATION AB**

 

**Item1112(b) of Regulation AB, Significant Obligor Financial Information.**

 

Themortgaged property securing the 535-545 Fifth Avenue loan constitutes a significantobligor within the meaning of 1101(k)(2) of Regulation AB. The most recent(unaudited) net operating income of the significant obligor for the 2017calendar year is $17,570,016.

 

**Item1114(b)(2) of Regulation AB, Significant Enhancement Provider FinancialInformation.**

 

Noentity or group of affiliated entities provides any enhancement or othersupport for the certificates as described under Item 1114 (a) of Regulation AB.

 

**Item1115(b) of Regulation AB, Certain Derivatives Instruments (FinancialInformation).**

 

Noentity or group of affiliated entities provides any derivative instruments forthe certificates as described under Item 1115 of Regulation AB.

 

**Item1117 of Regulation AB, Legal Proceedings.**

 

Theregistrant knows of no legal proceeding pending against the sponsors,depositor, trustee, issuing entity, servicer contemplated by Item 1108(a)(3) ofRegulation AB, originator contemplated by Item 1110(b) of Regulation AB, or otherparty contemplated by Item 1100(d)(1) of Regulation AB, or of which anyproperty of the foregoing is the subject, that is material to security holders,other than as disclosed in the prospectus of the issuing entity filed in a424(b)(5) filing dated November 13, 2015, and other than as follows:

 

On June 18, 2014, a group ofinstitutional investors filed a civil complaint in the Supreme Court of theState of New York, New York County, against Wells Fargo Bank, N.A.,(“Wells Fargo Bank”) in its capacity as trustee under 276residential mortgage backed securities (“RMBS”) trusts, which waslater amended on July 18, 2014, to increase the number of trusts to 284 RMBStrusts. On November 24, 2014, the plaintiffs filed a motion to voluntarilydismiss the state court action without prejudice. That same day, a group ofinstitutional investors filed a putative class action complaint in the UnitedStates District Court for the Southern District of New York (the“District Court”) against Wells Fargo Bank, alleging claims againstthe bank in its capacity as trustee for 274 RMBS trusts (the “FederalCourt Complaint”). In December 2014, the plaintiffs’ motion tovoluntarily dismiss their original state court action was granted. As with theprior state court action, the Federal Court Complaint is one of six similarcomplaints filed contemporaneously against RMBS trustees (Deutsche Bank,Citibank, HSBC, Bank of New York Mellon and US Bank) by a group ofinstitutional investor plaintiffs. The Federal Court Complaint against WellsFargo Bank alleges that the trustee caused losses to investors and assertscauses of action based upon, among other things, the trustee's alleged failureto: (i) notify and enforce repurchase obligations of mortgage loan sellers forpurported breaches of representations and warranties, (ii) notify investors ofalleged events of default, and (iii) abide by appropriate standards of carefollowing alleged events of default. Relief sought includes money damages in anunspecified amount, reimbursement of expenses, and equitable relief. Othercases alleging similar causes of action have been filed against Wells FargoBank and other trustees in the District Court by RMBS investors in these andother transactions, and these cases against Wells Fargo Bank are proceedingbefore the same District Court judge. A similar complaint was also filed May27, 2016 in New York state court by a different plaintiff investor. On January19, 2016, an order was entered in connection with the Federal Court Complaintin which the District Court declined to exercise jurisdiction over 261 trustsat issue in the Federal Court Complaint; the District Court also allowedplaintiffs to file amended complaints as to the remaining, non-dismissedtrusts, if they so chose, and three amended complaints have been filed. OnDecember 17, 2016, the investor plaintiffs in the 261 trusts dismissed from theFederal Court Complaint filed a new complaint in New York state court (the“State Court Complaint”). In September 2017, Royal Park InvestmentsSA/NV (“Royal Park”), one of the plaintiffs in the District Courtcases against Wells Fargo Bank, filed a putative class action complaintrelating to two trusts seeking declaratory and injunctive relief and moneydamages based on Wells Fargo Bank’s indemnification from trust funds forlegal fees and expenses Wells Fargo Bank incurs or has incurred in defendingthe District Court case filed by Royal Park. With respect to the foregoinglitigations, Wells Fargo Bank believes plaintiffs' claims are without merit andintends to contest the claims vigorously, but there can be no assurances as tothe outcome of the litigations or the possible impact of the litigations onWells Fargo Bank or the RMBS trusts.

 

OnFebruary 23, 2016, a certificateholder of the J.P. Morgan Chase CommercialMortgage Securities Trust,  Series 2007-CIBC18 (the “CIBC18Trust”) filed suit in the Supreme Court of New York, County of New York,against KeyBank National Association and Berkadia Commercial Mortgage LLC(collectively, the “CIBC18 Servicers”).  The suit was filedderivatively on behalf of the CIBC18 Trust.  The action was brought inconnection with the CIBC18 Servicers’ determination of the fair value ofa loan, secured by the Bryant Park Hotel in New York City, held by the CIBC18Trust and sold to an assignee of the CIBC18 Trust’s directingcertificateholder, pursuant to an exercise of the fair value option set forthin the pooling and servicing agreement governing the CIBC18 Trust. There can beno assurances as to the outcome of the action or the possible impact of thelitigation on the CIBC18 Servicers.  Both CIBC18 Servicers deny liability,believe that they performed their obligations in accordance with the terms ofthe pooling and servicing agreement applicable to the CIBC18 Trust, and havecontested the claims asserted against them, filing a motion to dismiss thecase.  On November 28, 2016, the motion to dismiss was granted.  Theplaintiff certificateholder filed an appeal, and the appeal is pending.

 

Since 2014 various plaintiffsor groups of plaintiffs, primarily investors, have filed claims against U.S.Bank National Association (“U.S. Bank”), in its capacity as trusteeor successor trustee (as the case may be) under certain residential mortgagebacked securities ("RMBS") trusts.  The plaintiffs or plaintiffgroups have filed substantially similar complaints against other RMBS trustees,including Deutsche Bank, Citibank, HSBC, Bank of New York Mellon and WellsFargo.  The complaints against U.S. Bank allege the trustee caused lossesto investors as a result of alleged failures by the sponsors, mortgage loansellers and servicers for these RMBS trusts and assert causes of action basedupon the trustee's purported failure to enforce repurchase obligations of mortgageloan sellers for alleged breaches of representations and warranties concerningloan quality.  The complaints also assert that the trustee failed tonotify securityholders of purported events of default allegedly caused bybreaches of servicing standards by mortgage loan servicers and that the trusteepurportedly failed to abide by a heightened standard of care following allegedevents of default.  

               

Currently U.S. Bank is adefendant in multiple actions alleging individual or class action claimsagainst the trustee with respect to multiple trusts as described above with themost substantial case being:  *BlackRock Balanced Capital Portfolio**etal v. U.S. Bank National Association*, No. 605204/2015 (N.Y. Sup. Ct.)(class action alleging claims with respect to approximately 770 trusts) and itscompanion case *BlackRock Core Bond Portfolio et al v. U.S Bank NationalAssociation*, No. 14-cv-9401 (S.D.N.Y.).  Some of the trusts implicatedin the aforementioned Blackrock cases, as well as other trusts, are involved inactions brought by separate groups of plaintiffs related to no more than 100trusts per case. 

 

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

 

**Item1119 of Regulation AB, Affiliations and Certain Relationships and RelatedTransactions.**

 

Inaddition to the information regarding this Item that has been disclosed in theprospectus of the issuing entity filed in a 424(b)(5) filing dated November 13,2015, LNR Partners, LLC, the special servicer of the 535-545 Fifth Avenuemortgage loan under the MSBAM 2015-C24 pooling and servicing agreement, is anaffiliate of Starwood Mortgage Funding III LLC, a sponsor and mortgage loanseller under the MSBAM 2015-C26 securitization transaction, Starwood MortgageCapital LLC, an originator of certain of the mortgage loans included in theMSBAM 2015-C26 securitization transaction, and LNR Securities Holdings, LLC,the controlling class representative and the holder of certificatesrepresenting more than 50% of the aggregate certificate balance of thecontrolling class under the MSBAM 2015-C26 transaction, and LNR Partners, LLCis also the special servicer under the MSBAM 2015-C26 transaction.

 

**Item1122 of Regulation AB, Compliance with Applicable Servicing Criteria.**

 

Thereports on assessment of compliance with the servicing criteria forasset-backed securities and the related attestation reports on such assessmentsof compliance are attached hereto under Item 15.

 

**Item1123 of Regulation AB, Servicer Compliance Statement.**

 

Theservicer compliance statements are attached hereto under Item 15.

 

**PART IV**

 

**Item15. Exhibits, Financial Statement Schedules.**

 

(a) Exhibits.

 

(4.1)Pooling and Servicing Agreement, dated as of November1, 2015, between Morgan Stanley Capital I Inc., as depositor, Wells Fargo Bank,National Association, as master servicer and initial excluded special servicer,LNR Partners, LLC, as general special servicer, Park Bridge Lender ServicesLLC, as trust advisor, Wilmington Trust, National Association, as trustee, andWells Fargo Bank, National Association, as custodian, certificateadministrator, certificate registrar and authenticating agent (filed as Exhibit4.1 to the registrant's Current Report on Form 8-K/A filed on March 10, 2016under SEC File No. 333-180779-19 and incorporated by reference herein).

 

(4.2)Pooling and Servicing Agreement, dated as of August 1,2015, between Morgan Stanley Capital I Inc., as depositor, Wells Fargo Bank,National Association, as master servicer, Midland Loan Services, a Division ofPNC Bank, National Association, as special servicer, Park Bridge LenderServices LLC, as trust advisor, Wilmington Trust, National Association, astrustee, and Wells Fargo Bank, National Association, as certificateadministrator, certificate registrar, authenticating agent and custodian,relating to the MSBAM 2015-C24 securitization transaction, pursuant to whichthe 535-545 Fifth Avenue Mortgage Loan and the Coastal Equities RetailPortfolio Mortgage Loan are serviced (filed as Exhibit 4.2 to the registrant'sCurrent Report on Form 8-K filed on November 13, 2015 under SEC File No.333-180779-19 and incorporated by reference herein).

 

(4.3)Pooling and Servicing Agreement, dated as of October 1,2015, between Banc of America Merrill Lynch Commercial Mortgage Inc., asdepositor, Wells Fargo Bank, National Association, as master servicer, Midland LoanServices, a Division of PNC Bank, National Association, as special servicer,Park Bridge Lender Services LLC, as trust advisor, Wilmington Trust, NationalAssociation, as trustee, and Wells Fargo Bank, National Association, ascertificate administrator, certificate registrar, authenticating agent andcustodian, relating to the MSBAM 2015-C25 securitization transaction, pursuantto which the Herald Center Mortgage Loan is serviced (filed as Exhibit 4.3 tothe registrant's Current Report on Form 8-K filed on November 13, 2015 underSEC File No. 333-180779-19 and incorporated by reference herein).

 

(4.4)Trust and Servicing Agreement, dated as of September 6,2015, between Deutsche Mortgage & Asset Receiving Corporation, asdepositor, KeyBank National Association, as servicer and special servicer,Wilmington Trust, National Association, as trustee, and Wells Fargo Bank,National Association, as certificate administrator and custodian, relating tothe MAD 2015-11MD securitization transaction, pursuant to which the 11 MadisonAvenue Mortgage Loan is serviced (filed as Exhibit 4.4 to the registrant'sCurrent Report on Form 8-K filed on November 13, 2015 under SEC File No.333-180779-19 and incorporated by reference herein).

 

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

 

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

33.1  Wells FargoBank, National Association, as CertificateAdministrator

33.2  Wells FargoBank, National Association, as Custodian

33.3  Wells FargoBank, National Association, as MasterServicer

33.4  LNR Partners,LLC, as Special Servicer

33.5  Park BridgeLender Services LLC, as Operating Advisor

33.6  Wells FargoBank, National Association , as ExcludedSpecial Servicer (see Exhibit 33.3) 

33.7  CoreLogicCommercial Real Estate Services, Inc., asServicing Function Participant

33.8  National TaxSearch, LLC, as Servicing FunctionParticipant

33.9  Wells FargoBank, National Association, as MasterServicer under the MSBAM 2015-C24 securitization, pursuant to which thefollowing mortgage loans were serviced: 535-545 Fifth Avenue (from 1/1/17 to12/31/17) and Coastal Equities Retail Portfolio (from 1/1/17 to 12/31/17) (seeExhibit 33.3) 

33.10  CoreLogicCommercial Real Estate Services, Inc., asServicing Function Participant under the MSBAM 2015-C24 securitization,pursuant to which the following mortgage loans were serviced: 535-545 FifthAvenue (from 1/1/17 to 12/31/17) and Coastal Equities Retail Portfolio (from1/1/17 to 12/31/17) (see Exhibit 33.7) 

33.11  National TaxSearch, LLC, as Servicing FunctionParticipant under the MSBAM 2015-C24 securitization, pursuant to which thefollowing mortgage loans were serviced: 535-545 Fifth Avenue (from 1/1/17 to12/31/17) and Coastal Equities Retail Portfolio (from 1/1/17 to 12/31/17) (seeExhibit 33.8) 

33.12  Wells FargoBank, National Association, as MasterServicer under the MSBAM 2015-C25 securitization, pursuant to which thefollowing mortgage loans were serviced: Herald Center (from 1/1/17 to 12/31/17)(see Exhibit 33.3) 

33.13  CoreLogicCommercial Real Estate Services, Inc., asServicing Function Participant under the MSBAM 2015-C25 securitization,pursuant to which the following mortgage loans were serviced: Herald Center(from 1/1/17 to 12/31/17) (see Exhibit 33.7) 

33.14  National TaxSearch, LLC, as Servicing FunctionParticipant under the MSBAM 2015-C25 securitization, pursuant to which thefollowing mortgage loans were serviced: Herald Center (from 1/1/17 to 12/31/17)(see Exhibit 33.8) 

33.15  KeyBankNational Association, as Master Servicerunder the MAD 2015-11MD securitization, pursuant to which the followingmortgage loans were serviced: 11 Madison Avenue (from 1/1/17 to 12/31/17)

33.16  LNR Partners,LLC, as Special Servicer under the MSBAM2015-C24 securitization, pursuant to which the following mortgage loans wereserviced by such party: 535-545 Fifth Avenue (from 1/1/17 to 12/31/17) (seeExhibit 33.4) 

33.17  Midland LoanServices, a Division of PNC Bank,National Association, as Special Servicer under the MSBAM 2015-C25 securitization,pursuant to which the following mortgage loans were serviced: Herald Center(from 1/1/17 to 12/31/17)

33.18  KeyBankNational Association, as Special Servicer underthe MAD 2015-11MD securitization, pursuant to which the following mortgageloans were serviced: 11 Madison Avenue (from 1/1/17 to 12/31/17) (see Exhibit33.15) 

33.19  Midland LoanServices, a Division of PNC Bank, NationalAssociation, as Special Servicer under the MSBAM 2015-C24 securitization,pursuant to which the following mortgage loans were serviced by such party:Coastal Equities Retail Portfolio (from 1/1/17 to 12/31/17) (see Exhibit 33.17)

33.20  Wells FargoBank, National Association, as Custodianunder the MSBAM 2015-C24 securitization, pursuant to which the followingmortgage loans were serviced: 535-545 Fifth Avenue (from 1/1/17 to 12/31/17)and Coastal Equities Retail Portfolio (from 1/1/17 to 12/31/17) (see Exhibit33.2) 

33.21  U.S. BankNational Association, as Custodian underthe MSBAM 2015-C25 securitization, pursuant to which the following mortgageloans were serviced: Herald Center (from 1/1/17 to 12/31/17)

33.22  Wells FargoBank, National Association, as Custodianunder the MAD 2015-11MD securitization, pursuant to which the followingmortgage loans were serviced: 11 Madison Avenue (from 1/1/17 to 12/31/17) (seeExhibit 33.2) 

 

(34)Attestation reports on assessment of compliance with servicing criteria forasset-backed securities.

34.1  Wells FargoBank, National Association, as CertificateAdministrator

34.2  Wells FargoBank, National Association, as Custodian

34.3  Wells FargoBank, National Association, as MasterServicer

34.4  LNR Partners,LLC, as Special Servicer

34.5  Park BridgeLender Services LLC, as Operating Advisor

34.6  Wells FargoBank, National Association , as ExcludedSpecial Servicer (see Exhibit 34.3) 

34.7  CoreLogicCommercial Real Estate Services, Inc., asServicing Function Participant

34.8  National TaxSearch, LLC, as Servicing FunctionParticipant

34.9  Wells FargoBank, National Association, as MasterServicer under the MSBAM 2015-C24 securitization, pursuant to which thefollowing mortgage loans were serviced: 535-545 Fifth Avenue (from 1/1/17 to12/31/17) and Coastal Equities Retail Portfolio (from 1/1/17 to 12/31/17) (seeExhibit 34.3) 

34.10  CoreLogicCommercial Real Estate Services, Inc., asServicing Function Participant under the MSBAM 2015-C24 securitization,pursuant to which the following mortgage loans were serviced: 535-545 FifthAvenue (from 1/1/17 to 12/31/17) and Coastal Equities Retail Portfolio (from1/1/17 to 12/31/17) (see Exhibit 34.7) 

34.11  National TaxSearch, LLC, as Servicing FunctionParticipant under the MSBAM 2015-C24 securitization, pursuant to which thefollowing mortgage loans were serviced: 535-545 Fifth Avenue (from 1/1/17 to12/31/17) and Coastal Equities Retail Portfolio (from 1/1/17 to 12/31/17) (seeExhibit 34.8) 

34.12  Wells FargoBank, National Association, as MasterServicer under the MSBAM 2015-C25 securitization, pursuant to which thefollowing mortgage loans were serviced: Herald Center (from 1/1/17 to 12/31/17)(see Exhibit 34.3) 

34.13  CoreLogicCommercial Real Estate Services, Inc., asServicing Function Participant under the MSBAM 2015-C25 securitization,pursuant to which the following mortgage loans were serviced: Herald Center(from 1/1/17 to 12/31/17) (see Exhibit 34.7) 

34.14  National TaxSearch, LLC, as Servicing FunctionParticipant under the MSBAM 2015-C25 securitization, pursuant to which thefollowing mortgage loans were serviced: Herald Center (from 1/1/17 to 12/31/17)(see Exhibit 34.8) 

34.15  KeyBankNational Association, as Master Servicerunder the MAD 2015-11MD securitization, pursuant to which the followingmortgage loans were serviced: 11 Madison Avenue (from 1/1/17 to 12/31/17)

34.16  LNR Partners,LLC, as Special Servicer under the MSBAM2015-C24 securitization, pursuant to which the following mortgage loans wereserviced by such party: 535-545 Fifth Avenue (from 1/1/17 to 12/31/17) (seeExhibit 34.4) 

34.17  Midland LoanServices, a Division of PNC Bank,National Association, as Special Servicer under the MSBAM 2015-C25securitization, pursuant to which the following mortgage loans were serviced: HeraldCenter (from 1/1/17 to 12/31/17)

34.18  KeyBankNational Association, as Special Servicerunder the MAD 2015-11MD securitization, pursuant to which the followingmortgage loans were serviced: 11 Madison Avenue (from 1/1/17 to 12/31/17) (seeExhibit 34.15) 

34.19  Midland LoanServices, a Division of PNC Bank,National Association, as Special Servicer under the MSBAM 2015-C24securitization, pursuant to which the following mortgage loans were serviced bysuch party: Coastal Equities Retail Portfolio (from 1/1/17 to 12/31/17) (seeExhibit 34.17) 

34.20  Wells FargoBank, National Association, as Custodianunder the MSBAM 2015-C24 securitization, pursuant to which the followingmortgage loans were serviced: 535-545 Fifth Avenue (from 1/1/17 to 12/31/17)and Coastal Equities Retail Portfolio (from 1/1/17 to 12/31/17) (see Exhibit34.2) 

34.21  U.S. BankNational Association, as Custodian underthe MSBAM 2015-C25 securitization, pursuant to which the following mortgageloans were serviced: Herald Center (from 1/1/17 to 12/31/17)

34.22  Wells FargoBank, National Association, as Custodian underthe MAD 2015-11MD securitization, pursuant to which the following mortgageloans were serviced: 11 Madison Avenue (from 1/1/17 to 12/31/17) (see Exhibit34.2) 

 

(35)Servicer compliance statement.

35.1  Wells FargoBank, National Association, as CertificateAdministrator

35.2  Wells FargoBank, National Association, as Custodian

35.3  Wells FargoBank, National Association, as MasterServicer

35.4  LNR Partners,LLC, as Special Servicer

35.5  Wells FargoBank, National Association, as ExcludedSpecial Servicer

35.6  Wells FargoBank, National Association, as MasterServicer under the MSBAM 2015-C24 securitization, pursuant to which thefollowing mortgage loans were serviced: 535-545 Fifth Avenue (from 1/1/17 to12/31/17) and Coastal Equities Retail Portfolio (from 1/1/17 to 12/31/17)

35.7  Wells FargoBank, National Association, as MasterServicer under the MSBAM 2015-C25 securitization, pursuant to which thefollowing mortgage loans were serviced: Herald Center (from 1/1/17 to 12/31/17)

35.8  LNR Partners,LLC, as Special Servicer under the MSBAM2015-C24 securitization, pursuant to which the following mortgage loans wereserviced by such party: 535-545 Fifth Avenue (from 1/1/17 to 12/31/17)

35.9  Midland LoanServices, a Division of PNC Bank,National Association, as Special Servicer under the MSBAM 2015-C25securitization, pursuant to which the following mortgage loans were serviced:Herald Center (from 1/1/17 to 12/31/17)

35.10  Midland LoanServices, a Division of PNC Bank,National Association, as Special Servicer under the MSBAM 2015-C24securitization, pursuant to which the following mortgage loans were serviced bysuch party: Coastal Equities Retail Portfolio (from 1/1/17 to 12/31/17) (seeExhibit 35.9) 

35.11  Wells FargoBank, National Association, as Custodianunder the MSBAM 2015-C24 securitization, pursuant to which the followingmortgage loans were serviced: 535-545 Fifth Avenue (from 1/1/17 to 12/31/17)and Coastal Equities Retail Portfolio (from 1/1/17 to 12/31/17) (see Exhibit35.2) 

35.12  Wells FargoBank, National Association, as Custodianunder the MAD 2015-11MD securitization, pursuant to which the followingmortgage loans were serviced: 11 Madison Avenue (from 1/1/17 to 12/31/17) (seeExhibit 35.2) 

 

(99.1)Mortgage Loan Purchase Agreement, dated October 28,2015, between Morgan Stanley Capital I Inc. and Morgan Stanley Mortgage CapitalHoldings LLC (filed as Exhibit 99.1 to the registrant's Current Report on Form8-K filed on November 13, 2015 under SEC File No. 333-180779-19 andincorporated by reference herein).

 

(99.2)Mortgage Loan Purchase Agreement, dated October 28,2015, between Morgan Stanley Capital I Inc. and Bank of America, NationalAssociation (filed as Exhibit 99.2 to the registrant's Current Report on Form8-K filed on November 13, 2015 under SEC File No. 333-180779-19 andincorporated by reference herein).

 

(99.3)Mortgage Loan Purchase Agreement, dated October 28,2015, between Morgan Stanley Capital I Inc. and CIBC Inc. (filed as Exhibit99.3 to the registrant's Current Report on Form 8-K filed on November 13, 2015under SEC File No. 333-180779-19 and incorporated by reference herein).

 

(99.4)Mortgage Loan Purchase Agreement, dated October 28,2015, between Morgan Stanley Capital I Inc., Starwood Mortgage Funding III LLCand Starwood Mortgage Capital LLC (filed as Exhibit 99.4 to the registrant'sCurrent Report on Form 8-K filed on November 13, 2015 under SEC File No.333-180779-19 and incorporated by reference herein).

 

(99.5)Agreement Between Note Holders, dated July 24, 2015,between Morgan Stanley Bank, N.A., as Initial Note A-1 Holder, Morgan StanleyBank, N.A., as Initial Note A-2 Holder, and Morgan Stanley Bank, N.A., asInitial Note A-3 Holder, relating to the 535-545 Fifth Avenue loan combination(filed as Exhibit 99.5 to the registrant's Current Report on Form 8-K filed onNovember 13, 2015 under SEC File No. 333-180779-19 and incorporated byreference herein).

 

(99.6)Agreement Between Note Holders, dated July 24,2015,between Morgan Stanley Bank, N.A., as Initial Note A-1 Holder, and MorganStanley Bank, N.A., as Initial Note A-2 Holder, relating to the CoastalEquities Retail Portfolio loan combination (filed as Exhibit 99.6 to the registrant'sCurrent Report on Form 8-K filed on November 13, 2015 under SEC File No.333-180779-19 and incorporated by reference herein).

 

(99.7) AgreementBetween Note Holders, dated as ofOctober 15, 2015, between Morgan Stanley Mortgage Capital Holdings LLC, asInitial Note A-1 Holder, Morgan Stanley Mortgage Capital Holdings LLC, asInitial Note A-2 Holder, and Morgan Stanley Mortgage Capital Holdings LLC, as InitialNote A-3 Holder, relating to the Herald Center loan combination (filed asExhibit 99.7 to the registrant's Current Report on Form 8-K/A filed on March10, 2016 under SEC File No. 333-180779-19 and incorporated by referenceherein).

 

(99.8)Co-Lender Agreement, dated September 6, 2015,betweenGerman American Capital Corporation, as Initial Note A-1 Holder, Morgan StanleyBank, N.A., as Initial Note A-2 Holder, Wells Fargo Bank, National Association,as Initial Note A-3 Holder, German American Capital Corporation, as InitialNote B-1 Holder, Morgan Stanley Bank, N.A., as Initial Note B-2 Holder, WellsFargo Bank, National Association, as Initial Note B-3 Holder, relating to the11 Madison Avenue loan combination (filed as Exhibit 99.8 to the registrant'sCurrent Report on Form 8-K filed on November 13, 2015 under SEC File No.333-180779-19 and incorporated by reference herein).

 

(b)See (a) above.

 

(c)Not applicable.

** **

**SIGNATURES**

 

Pursuantto the requirements of Section 13 or 15(d) of the Securities Exchange Act of1934, the registrant has duly caused this report to be signed on its behalf bythe undersigned, thereunto duly authorized.

 

MorganStanley Capital I Inc.

(Depositor)

 

By:/s/ George Kok

GeorgeKok, President

(seniorofficer in charge of securitization of the depositor)

 

Date:April 2, 2018

 

 

Exhibit Index

 

Exhibit No.

 

(4.1)Pooling and Servicing Agreement, dated as of November 1, 2015, between MorganStanley Capital I Inc., as depositor, Wells Fargo Bank, National Association,as master servicer and initial excluded special servicer, LNR Partners, LLC, asgeneral special servicer, Park Bridge Lender Services LLC, as trust advisor,Wilmington Trust, National Association, as trustee, and Wells Fargo Bank,National Association, as custodian, certificate administrator, certificateregistrar and authenticating agent (filed as Exhibit 4.1 to the registrant'sCurrent Report on Form 8-K/A filed on March 10, 2016 under SEC File No.333-180779-19 and incorporated by reference herein).

 

(4.2)Pooling and Servicing Agreement, dated as of August 1, 2015, between MorganStanley Capital I Inc., as depositor, Wells Fargo Bank, National Association,as master servicer, Midland Loan Services, a Division of PNC Bank, NationalAssociation, as special servicer, Park Bridge Lender Services LLC, as trustadvisor, Wilmington Trust, National Association, as trustee, and Wells FargoBank, National Association, as certificate administrator, certificateregistrar, authenticating agent and custodian, relating to the MSBAM 2015-C24securitization transaction, pursuant to which the 535-545 Fifth Avenue MortgageLoan and the Coastal Equities Retail Portfolio Mortgage Loan are serviced(filed as Exhibit 4.2 to the registrant's Current Report on Form 8-K filed onNovember 13, 2015 under SEC File No. 333-180779-19 and incorporated byreference herein).

 

(4.3)Pooling and Servicing Agreement, dated as of October 1, 2015, between Banc ofAmerica Merrill Lynch Commercial Mortgage Inc., as depositor, Wells Fargo Bank,National Association, as master servicer, Midland Loan Services, a Division ofPNC Bank, National Association, as special servicer, Park Bridge LenderServices LLC, as trust advisor, Wilmington Trust, National Association, astrustee, and Wells Fargo Bank, National Association, as certificateadministrator, certificate registrar, authenticating agent and custodian,relating to the MSBAM 2015-C25 securitization transaction, pursuant to whichthe Herald Center Mortgage Loan is serviced (filed as Exhibit 4.3 to theregistrant's Current Report on Form 8-K filed on November 13, 2015 under SECFile No. 333-180779-19 and incorporated by reference herein).

 

(4.4)Trust and Servicing Agreement, dated as of September 6, 2015, between DeutscheMortgage & Asset Receiving Corporation, as depositor, KeyBank NationalAssociation, as servicer and special servicer, Wilmington Trust, NationalAssociation, as trustee, and Wells Fargo Bank, National Association, ascertificate administrator and custodian, relating to the MAD 2015-11MDsecuritization transaction, pursuant to which the 11 Madison Avenue MortgageLoan is serviced (filed as Exhibit 4.4 to the registrant's Current Report onForm 8-K filed on November 13, 2015 under SEC File No. 333-180779-19 andincorporated by reference herein).

 

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

 

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

33.1Wells Fargo Bank, National Association, as Certificate Administrator

33.2Wells Fargo Bank, National Association, as Custodian

33.3Wells Fargo Bank, National Association, as Master Servicer

33.4LNR Partners, LLC, as Special Servicer

33.5Park Bridge Lender Services LLC, as Operating Advisor

33.6Wells Fargo Bank, National Association, as Excluded Special Servicer (seeExhibit 33.3)

33.7CoreLogic Commercial Real Estate Services, Inc., as Servicing FunctionParticipant

33.8National Tax Search, LLC, as Servicing Function Participant

33.9Wells Fargo Bank, National Association, as Master Servicer under the MSBAM2015-C24 securitization, pursuant to which the following mortgage loans wereserviced: 535-545 Fifth Avenue (from 1/1/17 to 12/31/17) and Coastal EquitiesRetail Portfolio (from 1/1/17 to 12/31/17) (see Exhibit 33.3)

33.10CoreLogic Commercial Real Estate Services, Inc., as Servicing FunctionParticipant under the MSBAM 2015-C24 securitization, pursuant to which thefollowing mortgage loans were serviced: 535-545 Fifth Avenue (from 1/1/17 to12/31/17) and Coastal Equities Retail Portfolio (from 1/1/17 to 12/31/17) (seeExhibit 33.7)

33.11National Tax Search, LLC, as Servicing Function Participant under the MSBAM2015-C24 securitization, pursuant to which the following mortgage loans wereserviced: 535-545 Fifth Avenue (from 1/1/17 to 12/31/17) and Coastal EquitiesRetail Portfolio (from 1/1/17 to 12/31/17) (see Exhibit 33.8)

33.12Wells Fargo Bank, National Association, as Master Servicer under the MSBAM2015-C25 securitization, pursuant to which the following mortgage loans wereserviced: Herald Center (from 1/1/17 to 12/31/17) (see Exhibit 33.3)

33.13CoreLogic Commercial Real Estate Services, Inc., as Servicing FunctionParticipant under the MSBAM 2015-C25 securitization, pursuant to which thefollowing mortgage loans were serviced: Herald Center (from 1/1/17 to 12/31/17)(see Exhibit 33.7)

33.14National Tax Search, LLC, as Servicing Function Participant under the MSBAM2015-C25 securitization, pursuant to which the following mortgage loans wereserviced: Herald Center (from 1/1/17 to 12/31/17) (see Exhibit 33.8)

33.15KeyBank National Association, as Master Servicer under the MAD 2015-11MDsecuritization, pursuant to which the following mortgage loans were serviced:11 Madison Avenue (from 1/1/17 to 12/31/17)

33.16LNR Partners, LLC, as Special Servicer under the MSBAM 2015-C24 securitization,pursuant to which the following mortgage loans were serviced by such party:535-545 Fifth Avenue (from 1/1/17 to 12/31/17) (see Exhibit 33.4)

33.17Midland Loan Services, a Division of PNC Bank, National Association, as SpecialServicer under the MSBAM 2015-C25 securitization, pursuant to which thefollowing mortgage loans were serviced: Herald Center (from 1/1/17 to 12/31/17)

33.18KeyBank National Association, as Special Servicer under the MAD 2015-11MDsecuritization, pursuant to which the following mortgage loans were serviced:11 Madison Avenue (from 1/1/17 to 12/31/17) (see Exhibit 33.15)

33.19Midland Loan Services, a Division of PNC Bank, National Association, as SpecialServicer under the MSBAM 2015-C24 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Coastal Equities RetailPortfolio (from 1/1/17 to 12/31/17) (see Exhibit 33.17)

33.20Wells Fargo Bank, National Association, as Custodian under the MSBAM 2015-C24securitization, pursuant to which the following mortgage loans were serviced:535-545 Fifth Avenue (from 1/1/17 to 12/31/17) and Coastal Equities RetailPortfolio (from 1/1/17 to 12/31/17) (see Exhibit 33.2)

33.21U.S. Bank National Association, as Custodian under the MSBAM 2015-C25securitization, pursuant to which the following mortgage loans were serviced:Herald Center (from 1/1/17 to 12/31/17)

33.22Wells Fargo Bank, National Association, as Custodian under the MAD 2015-11MDsecuritization, pursuant to which the following mortgage loans were serviced:11 Madison Avenue (from 1/1/17 to 12/31/17) (see Exhibit 33.2)

 

(34)Attestation reports on assessment of compliance with servicing criteria forasset-backed securities.

34.1Wells Fargo Bank, National Association, as Certificate Administrator

34.2Wells Fargo Bank, National Association, as Custodian

34.3Wells Fargo Bank, National Association, as Master Servicer

34.4LNR Partners, LLC, as Special Servicer

34.5Park Bridge Lender Services LLC, as Operating Advisor

34.6Wells Fargo Bank, National Association, as Excluded Special Servicer (seeExhibit 34.3)

34.7CoreLogic Commercial Real Estate Services, Inc., as Servicing FunctionParticipant

34.8National Tax Search, LLC, as Servicing Function Participant

34.9Wells Fargo Bank, National Association, as Master Servicer under the MSBAM2015-C24 securitization, pursuant to which the following mortgage loans wereserviced: 535-545 Fifth Avenue (from 1/1/17 to 12/31/17) and Coastal EquitiesRetail Portfolio (from 1/1/17 to 12/31/17) (see Exhibit 34.3)

34.10CoreLogic Commercial Real Estate Services, Inc., as Servicing FunctionParticipant under the MSBAM 2015-C24 securitization, pursuant to which thefollowing mortgage loans were serviced: 535-545 Fifth Avenue (from 1/1/17 to12/31/17) and Coastal Equities Retail Portfolio (from 1/1/17 to 12/31/17) (seeExhibit 34.7)

34.11National Tax Search, LLC, as Servicing Function Participant under the MSBAM2015-C24 securitization, pursuant to which the following mortgage loans wereserviced: 535-545 Fifth Avenue (from 1/1/17 to 12/31/17) and Coastal EquitiesRetail Portfolio (from 1/1/17 to 12/31/17) (see Exhibit 34.8)

34.12Wells Fargo Bank, National Association, as Master Servicer under the MSBAM2015-C25 securitization, pursuant to which the following mortgage loans wereserviced: Herald Center (from 1/1/17 to 12/31/17) (see Exhibit 34.3)

34.13CoreLogic Commercial Real Estate Services, Inc., as Servicing FunctionParticipant under the MSBAM 2015-C25 securitization, pursuant to which the followingmortgage loans were serviced: Herald Center (from 1/1/17 to 12/31/17) (seeExhibit 34.7)

34.14National Tax Search, LLC, as Servicing Function Participant under the MSBAM2015-C25 securitization, pursuant to which the following mortgage loans were serviced:Herald Center (from 1/1/17 to 12/31/17) (see Exhibit 34.8)

34.15KeyBank National Association, as Master Servicer under the MAD 2015-11MDsecuritization, pursuant to which the following mortgage loans were serviced:11 Madison Avenue (from 1/1/17 to 12/31/17)

34.16LNR Partners, LLC, as Special Servicer under the MSBAM 2015-C24 securitization,pursuant to which the following mortgage loans were serviced by such party:535-545 Fifth Avenue (from 1/1/17 to 12/31/17) (see Exhibit 34.4)

34.17Midland Loan Services, a Division of PNC Bank, National Association, as SpecialServicer under the MSBAM 2015-C25 securitization, pursuant to which thefollowing mortgage loans were serviced: Herald Center (from 1/1/17 to 12/31/17)

34.18KeyBank National Association, as Special Servicer under the MAD 2015-11MDsecuritization, pursuant to which the following mortgage loans were serviced:11 Madison Avenue (from 1/1/17 to 12/31/17) (see Exhibit 34.15)

34.19Midland Loan Services, a Division of PNC Bank, National Association, as SpecialServicer under the MSBAM 2015-C24 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Coastal Equities RetailPortfolio (from 1/1/17 to 12/31/17) (see Exhibit 34.17)

34.20Wells Fargo Bank, National Association, as Custodian under the MSBAM 2015-C24securitization, pursuant to which the following mortgage loans were serviced:535-545 Fifth Avenue (from 1/1/17 to 12/31/17) and Coastal Equities RetailPortfolio (from 1/1/17 to 12/31/17) (see Exhibit 34.2)

34.21U.S. Bank National Association, as Custodian under the MSBAM 2015-C25securitization, pursuant to which the following mortgage loans were serviced:Herald Center (from 1/1/17 to 12/31/17)

34.22Wells Fargo Bank, National Association, as Custodian under the MAD 2015-11MDsecuritization, pursuant to which the following mortgage loans were serviced:11 Madison Avenue (from 1/1/17 to 12/31/17) (see Exhibit 34.2)

 

(35)Servicer compliance statement.

35.1Wells Fargo Bank, National Association, as Certificate Administrator

35.2Wells Fargo Bank, National Association, as Custodian

35.3Wells Fargo Bank, National Association, as Master Servicer

35.4LNR Partners, LLC, as Special Servicer

35.5Wells Fargo Bank, National Association, as Excluded Special Servicer

35.6Wells Fargo Bank, National Association, as Master Servicer under the MSBAM2015-C24 securitization, pursuant to which the following mortgage loans wereserviced: 535-545 Fifth Avenue (from 1/1/17 to 12/31/17) and Coastal EquitiesRetail Portfolio (from 1/1/17 to 12/31/17)

35.7Wells Fargo Bank, National Association, as Master Servicer under the MSBAM2015-C25 securitization, pursuant to which the following mortgage loans wereserviced: Herald Center (from 1/1/17 to 12/31/17)

35.8LNR Partners, LLC, as Special Servicer under the MSBAM 2015-C24 securitization,pursuant to which the following mortgage loans were serviced by such party:535-545 Fifth Avenue (from 1/1/17 to 12/31/17)

35.9Midland Loan Services, a Division of PNC Bank, National Association, as SpecialServicer under the MSBAM 2015-C25 securitization, pursuant to which thefollowing mortgage loans were serviced: Herald Center (from 1/1/17 to 12/31/17)

35.10Midland Loan Services, a Division of PNC Bank, National Association, as SpecialServicer under the MSBAM 2015-C24 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Coastal Equities RetailPortfolio (from 1/1/17 to 12/31/17) (see Exhibit 35.9)

35.11Wells Fargo Bank, National Association, as Custodian under the MSBAM 2015-C24securitization, pursuant to which the following mortgage loans were serviced:535-545 Fifth Avenue (from 1/1/17 to 12/31/17) and Coastal Equities RetailPortfolio (from 1/1/17 to 12/31/17) (see Exhibit 35.2)

35.12Wells Fargo Bank, National Association, as Custodian under the MAD 2015-11MDsecuritization, pursuant to which the following mortgage loans were serviced:11 Madison Avenue (from 1/1/17 to 12/31/17) (see Exhibit 35.2)

 

(99.1)Mortgage Loan Purchase Agreement, dated October 28, 2015, between MorganStanley Capital I Inc. and Morgan Stanley Mortgage Capital Holdings LLC (filedas Exhibit 99.1 to the registrant's Current Report on Form 8-K filed onNovember 13, 2015 under SEC File No. 333-180779-19 and incorporated byreference herein).

 

(99.2)Mortgage Loan Purchase Agreement, dated October 28, 2015, between MorganStanley Capital I Inc. and Bank of America, National Association (filed asExhibit 99.2 to the registrant's Current Report on Form 8-K filed on November13, 2015 under SEC File No. 333-180779-19 and incorporated by referenceherein).

 

(99.3)Mortgage Loan Purchase Agreement, dated October 28, 2015, between MorganStanley Capital I Inc. and CIBC Inc. (filed as Exhibit 99.3 to the registrant'sCurrent Report on Form 8-K filed on November 13, 2015 under SEC File No.333-180779-19 and incorporated by reference herein).

 

(99.4)Mortgage Loan Purchase Agreement, dated October 28, 2015, between Morgan StanleyCapital I Inc., Starwood Mortgage Funding III LLC and Starwood Mortgage CapitalLLC (filed as Exhibit 99.4 to the registrant's Current Report on Form 8-K filedon November 13, 2015 under SEC File No. 333-180779-19 and incorporated byreference herein).

 

(99.5)Agreement Between Note Holders, dated July 24, 2015, between Morgan StanleyBank, N.A., as Initial Note A-1 Holder, Morgan Stanley Bank, N.A., as InitialNote A-2 Holder, and Morgan Stanley Bank, N.A., as Initial Note A-3 Holder,relating to the 535-545 Fifth Avenue loan combination (filed as Exhibit 99.5 tothe registrant's Current Report on Form 8-K filed on November 13, 2015 underSEC File No. 333-180779-19 and incorporated by reference herein).

 

(99.6)Agreement Between Note Holders, dated July 24, 2015, between Morgan StanleyBank, N.A., as Initial Note A-1 Holder, and Morgan Stanley Bank, N.A., asInitial Note A-2 Holder, relating to the Coastal Equities Retail Portfolio loancombination (filed as Exhibit 99.6 to the registrant's Current Report on Form8-K filed on November 13, 2015 under SEC File No. 333-180779-19 andincorporated by reference herein).

 

(99.7)Agreement Between Note Holders, dated as of October 15, 2015, between MorganStanley Mortgage Capital Holdings LLC, as Initial Note A-1 Holder, MorganStanley Mortgage Capital Holdings LLC, as Initial Note A-2 Holder, and MorganStanley Mortgage Capital Holdings LLC, as Initial Note A-3 Holder, relating tothe Herald Center loan combination (filed as Exhibit 99.7 to the registrant'sCurrent Report on Form 8-K/A filed on March 10, 2016 under SEC File No.333-180779-19 and incorporated by reference herein).

 

(99.8)Co-Lender Agreement, dated September 6, 2015, between German American CapitalCorporation, as Initial Note A-1 Holder, Morgan Stanley Bank, N.A., as InitialNote A-2 Holder, Wells Fargo Bank, National Association, as Initial Note A-3Holder, German American Capital Corporation, as Initial Note B-1 Holder, MorganStanley Bank, N.A., as Initial Note B-2 Holder, Wells Fargo Bank, NationalAssociation, as Initial Note B-3 Holder, relating to the 11 Madison Avenue loancombination (filed as Exhibit 99.8 to the registrant's Current Report on Form8-K filed on November 13, 2015 under SEC File No. 333-180779-19 andincorporated by reference herein).