**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, 2018 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:333-180779-20**

 

**Central Index Key Number of the issuingentity:0001656047**

 

**Morgan Stanley Bank of America Merrill Lynch Trust2015-C27**

**(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**                                                        | **38‐3979833  38‐3979834  38‐3979835  38‐7143623** |
|---------------------------------------------------------------------|----------------------------------------------------------------------------|
| **(State or other jurisdiction of incorporation or  organization)** | **(I.R.S. Employer Identification Numbers)**                               |

 

**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 the Exchange 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 equitywas last sold, or the average bid and asked price of such common equity, as ofthe last 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**

 

The MSBAM 2015-C27 mortgage pool includesthe following mortgage loans, each of which is serviced pursuant to a separatepooling and servicing agreement (each, an “Outside Pooling and ServicingAgreement”):• the 535-545 Fifth Avenue mortgage loan, which is serviced pursuant to theMSBAM 2015-C24 pooling and servicing agreement attached hereto as Exhibit 4.2;• the U-Haul Portfolio mortgage loan, which is serviced pursuant to the MSJP2015-HAUL trust and servicing agreement attached hereto as Exhibit 4.3; and• the Herald Center mortgage loan, which is serviced pursuant to the MSBAM2015-C25 pooling and servicing agreement attached hereto as Exhibit 4.4.

 

Except as set forth below, each of the partiesto each pooling and servicing agreement listed in the Exhibit Index both (1)participates in the servicing function for purposes of Item 1122 of RegulationAB and (2) constitutes a servicer that meets the criteria in Item 1108(a)(2)(i)through (iii) of Regulation AB for purposes of Item 1123 of Regulation AB:

 

• The trustee under a pooling and servicingagreement has a nominal role with respect to the mortgage pool securitized pursuantto such pooling and servicing agreement. The trustee’s only servicing functionis the contingent obligation to make certain advances if the master servicerunder such pooling and servicing agreement fails to do so, while all otherservicing functions are performed by other parties. The trustee under each ofthe pooling and servicing agreements listed in the Exhibit Index has confirmedto the registrant that it has not made any such contingent advances during thereporting period, and consequently, each such trustee does not participate inthe servicing 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 Item 1123 ofRegulation AB.

 

• The certificate administrator under apooling and servicing agreement performs various payment administrationfunctions solely for the securitization governed by such pooling and servicingagreement and the mortgage pool securitized pursuant to such pooling andservicing agreement and does not have any obligations with respect to any othertransaction. Consequently, the certificate administrator under an OutsidePooling and Servicing Agreement 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” under Item 1101 ofRegulation AB or for purposes of Item 1123 of Regulation AB.

 

• The operating advisor under a pooling andservicing agreement represents the interests of senior certificateholders inthe transaction governed by such pooling and servicing agreement and isresponsible for monitoring the performance of the special servicer under suchpooling and servicing agreement and producing certain reports tocertificateholders relating to the resolution of the mortgage pool securitizedpursuant to such pooling and servicing agreement. The operating advisor under apooling and servicing agreement does not have any obligations with respect toany other transaction and is solely obligated to perform loan reportingfunctions with respect to the securitization governed by such pooling andservicing agreement.  Consequently, the operating advisor under an OutsidePooling and Servicing Agreement neither participates in the servicing functionfor purposes of Item 1122 of Regulation AB nor performs the functions of aservicer for purposes of the definition of “servicer” under Item 1101 ofRegulation AB or for purposes of Item 1123 of Regulation AB. In addition, whilethe operating advisor under a pooling and servicing agreement has certainreporting obligations in respect of the related mortgage pool, it has noobligation to collect or disburse funds in respect of the mortgage pool or toadminister any of the underlying mortgage loans.  Consequently, theoperating advisor under a pooling and servicing agreement participates in theservicing function for purposes of Item 1122 of Regulation AB, but is notresponsible for the “management or collection of the pool assets or makingallocations or distributions to holders of the asset-backed securities” withinthe meaning of “servicer” under Item 1101 of Regulation AB and does not performthe functions of a servicer for purposes of Item 1123 of Regulation AB.

 

• Wells Fargo Bank, National Association isthe special servicer under the MSJP 2015-HAUL trust and servicing agreement,pursuant to which the U-Haul Portfolio mortgage loan is serviced. Because WellsFargo Bank, National Association is not the MSBAM 2015-C27 special servicer, isnot affiliated with any sponsor and services only the U-Haul Portfolio mortgageloan, which constitutes less than 5% of the mortgage pool, Wells Fargo Bank,National Association, as MSJP 2015-HAUL special servicer does not constitute areporting “servicing function participant” for purposes of Item 1122 ofRegulation AB, as specified in the Instruction 3 to Item 1122, and does notconstitute a reporting “servicer” for purposes of Item 1123 of Regulation AB,as specified in the Instruction to Item 1123.

  

• Midland Loan Services, a Division of PNCBank, National Association is the special servicer under the MSBAM 2015-C25pooling and servicing agreement, pursuant to which the Herald Center mortgageloan is serviced.  Because Midland Loan Services, a Division of PNC Bank,National Association is not the MSBAM 2015-C27 special servicer, is notaffiliated with any sponsor and services only the Herald Center mortgage loan,which constitutes more than 5% but less than 10% of the mortgage pool, MidlandLoan Services, a Division of PNC Bank, National Association, as MSBAM 2015-C25special servicer constitutes a reporting “servicing function participant” forpurposes of Item 1122 of Regulation AB, as specified in the Instruction 3 toItem 1122, but does not constitute a reporting “servicer” for purposes of Item1123 of Regulation AB, as specified in the Instruction to Item 1123.

 

• U.S. Bank National Association, is thecustodian under the MSBAM 2015-C25 pooling and servicing agreement, pursuant towhich the Herald Center mortgage loan is serviced, and the MSJP 2015-HAULpooling and servicing agreement, pursuant to which the U-Haul Portfoliomortgage loan is serviced. Because U.S. Bank National Association is not theMSBAM 2015-C26 custodian, is not affiliated with any sponsor and services onlythe Herald Center mortgage loan and the U-Haul Portfolio mortgage loan, whichconstitute more than 5% but less than 10% of the mortgage pool, U.S. BankNational Association, as MSBAM 2015-C25 custodian and MSJP 2015-HAUL custodianconstitutes a reporting “servicing function participant” for purposes of Item1122 of Regulation AB, as specified in the Instruction 3 to Item 1122, but doesnot constitute a reporting “servicer” for purposes of Item 1123 of RegulationAB, as specified in the Instruction to Item 1123.

 

• In March 2016, LNR Securities Holdings,LLC, the designated representative of the 535-545 Fifth Avenue controlling noteholder, appointed LNR Partners, LLC to act as special servicer for the 535-545Fifth Avenue mortgage loan under the MSBAM 2015-C24 pooling and servicingagreement.

 

In addition, each of the following partiesengaged the services of certain servicing function participants andsub-servicers for the reporting period, as set forth below:

 

• Wells Fargo Bank, National Association,as master 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-C24 pooling and servicing agreement,pursuant to which the 535-545 Fifth Avenue mortgage loan is serviced, engagedthe services of CoreLogic Commercial Real Estate Services, Inc. and NationalTax Search, LLC, in each case as a servicing function participant in respect ofthe 535-545 Fifth Avenue mortgage loan for the reporting period.

 

• Wells Fargo Bank, National Association,as master servicer and special servicer under the MSJP 2015-HAUL trust andservicing agreement, pursuant to which the U-HAUL Portfolio mortgage loan isserviced, engaged the services of CoreLogic Commercial Real Estate Services,Inc. and National Tax Search, LLC, in each case as a servicing functionparticipant in respect of the U-HAUL Portfolio mortgage loan for the reportingperiod.

 

• Wells Fargo Bank, National Association, as master servicer underthe MSBAM 2015-C25 pooling and servicing agreement, pursuant to which theHerald Center mortgage loan is serviced, engaged the services of CoreLogicCommercial Real Estate Services, Inc. and National Tax Search, LLC, in eachcase as a servicing function participant in respect of the Herald Centermortgage loan for the reporting 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 asignificant obligor within the meaning of 1101(k)(2) of Regulation AB. The mostrecent (unaudited) net operating income of the significant obligor for the 2018calendar year is $16,031,340.

 

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

 

Noentity or group of affiliated entities provides any enhancement or other supportfor 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 for thecertificates 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, orother party 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 24, 2015, and other than as follows:

 

SinceJune 18, 2014, a group of institutional investors have filed civil complaintsin the Supreme Court of the State of New York, New York County, and later theU.S. District Court for the Southern District of New York against Wells FargoBank, N.A., (“Wells Fargo Bank”) in its capacity as trustee for certainresidential mortgage backed securities (“RMBS”) trusts. The complaints againstWells Fargo Bank alleged that the trustee caused losses to investors andasserted causes of action based upon, among other things, the trustee's allegedfailure to: (i) notify and enforce repurchase obligations of mortgage loansellers for purported breaches of representations and warranties, (ii) notifyinvestors of alleged events of default, and (iii) abide by appropriatestandards of care following alleged events of default. Relief sought includedmoney damages in an unspecified amount, reimbursement of expenses, andequitable relief. Wells Fargo Bank has reached an agreement, in which it deniesany wrongdoing, to resolve these claims on a classwide basis for the 271 RMBStrusts currently at issue. The settlement agreement is subject to courtapproval. Separate lawsuits against Wells Fargo Bank making similar allegationsfiled by certain other institutional investors concerning 57 RMBS trusts in NewYork federal and state court are not covered by the agreement. With respect tothe foregoing litigations, Wells Fargo Bank believes plaintiffs' claims arewithout merit and intends to contest the claims vigorously, but there can be noassurances as to the outcome of the litigations or the possible impact of thelitigations on Wells Fargo Bank or the RMBS trusts.

 

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 trustee orsuccessor 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 ofmortgage loan sellers for alleged breaches of representations and warrantiesconcerning loan quality.  The complaints also assert that the trusteefailed to notify securityholders of purported events of default allegedly causedby breaches of servicing standards by mortgage loan servicers and that thetrustee purportedly failed to abide by a heightened standard of care followingalleged events 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. Previously, U.S. Bank disclosed that the most substantial case was: *BlackRockBalanced Capital Portfolio et al v. U.S. Bank National Association*, No.605204/2015 (N.Y. Sup. Ct.) (class action alleging claims with respect toapproximately 770 trusts) and its companion case *BlackRock Core BondPortfolio et al v. U.S Bank National Association*, No. 14-cv-9401 (S.D.N.Y.)(collectively, the “BlackRock cases”). U.S. Bank has entered into a settlementagreement that will resolve the BlackRock cases following approval of thedismissals by the applicable court.  Some of the trusts implicated in theaforementioned 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.

 

[OnDecember 17, 2015, U.S. Bank National Association, the trustee under fivepooling and servicing agreements for (i) Wachovia Bank Commercial MortgageTrust 2007-C30, (ii) COBALT CMBS Commercial Trust 2007-C2, (iii) Wachovia BankCommercial Mortgage Trust 2007-C31, (iv) ML-CFC Commercial Mortgage Trust2007-5 and (v) ML-CFC Commercial Mortgage Trust 2007-6 commenced a proceedingwith the Second Judicial District Court of Ramsey County, Minnesota (the"Minnesota Court") for a declaratory judgment as to the properallocation of certain proceeds in the alleged amount of $560 million("Disputed  Proceeds") received by CWCapital Asset ManagementLLC (“CWCAM”) in connection with the sale of the Peter Cooper Village andStuyvesant Town property in New York, New York (the "Stuyvesant TownProperty") securing loans held by those trusts. CWCAM was the specialservicer of the Stuyvesant Town Property. The petition requests the MinnesotaCourt to instruct the trustee, the trust beneficiaries, and any otherinterested parties as to the amount of the Disputed Proceeds, if any, thatconstitute penalty interest and/or the amount of the Disputed Proceeds, if any,that constitute gain-on-sale proceeds, with respect to each trust. On February 24,2016, CWCAM made a limited appearance with the Minnesota Court to file a motionto dismiss this proceeding based on lack of jurisdiction, mootness, standingand forum non conveniens. On July 19, 2016, the Minnesota Court denied CWCAM'smotion to dismiss. On July 22, 2016, the action was removed to federal court inMinnesota (the "Federal Court"). On October 21, 2016, the Federalcourt held a hearing on the motion to transfer the action to the United StatesDistrict Court for the Southern District of New York (the "SDNYCourt"), a motion to remand to state court and a motion to hear CWCAM'srequest for reconsideration of the motion to dismiss. On March 14, 2017, theFederal Court reserved the determination on the motion to hear CWCAM's requestfor reconsideration of the motion to dismiss, denied the motion to remand thematter to state court and granted the motion to transfer the proceeding to theSDNY Court. There can be no assurances as to the possible impact on CWCAM ofthese rulings and the transfer to the SDNY Court. As of December 31, 2017,cross motions for judgment on the pleadings were pending before the SDNY Courtand on March 9, 2018, the SDNY Court denied the cross motions for judgment onthe pleadings and the matter is proceeding to discovery. However, CWCAMbelieves that it has performed its obligations under the related pooling andservicing agreements in good faith, and that the Disputed Proceeds wereproperly allocated to CWCAM as penalty interest, and it intends to vigorouslycontest any claim that such Disputed Proceeds were improperly allocated aspenalty interest.

 

OnMarch 31, 2016, RAIT Preferred Funding II LTD. ("RAIT PreferredFunding") commenced a complaint ("RAIT Complaint") with theSupreme Court of the State of New York, County of New York (the "RAITCourt"), claiming it owns $18,500,000 of a mortgage loan secured by thedevelopment of the One Congress Street property in Boston, Massachusetts (the"One Congress Street Loan") and seeking (a) a declaratory judgmentstating that RAIT Preferred Funding is the directing lender under a co-lenderagreement dated March 28, 2007 and a pooling and servicing agreement datedMarch 1, 2007 (collectively, the "Operative  Agreements") andwas the directing lender at the time of the improper modification of OneCongress Street Loan, (b) a declaratory judgment stating that RAIT PreferredFunding has the right to terminate the special servicer, (c) monetary damagesfor the value of the bonds and fees paid to CWCAM as the special servicer ofthe One Congress Street Loan and (d) other things. On May 17, 2016, CWCAM fileda motion to dismiss the RAIT Complaint (the "Motion to Dismiss") stating that the RAIT Complaint did not state a claim and theessential facts of the RAIT Complaint are negated by affidavits and evidentiarymaterials submitted with the RAIT Complaint. On June 14, 2016, RAIT PreferredFunding filed a memorandum of law in opposition to the OCS Motion to Dismiss(the "Opposition") stating that the claims in the RAIT Complaint wereproperly stated. On June 30, 2016, CWCAM filed a reply in support of the Motionto Dismiss and in response to the Opposition, stating that each of CWCAM'sarguments is supported by the express language of the agreements between theparties, the documentary evidence and New York case law. On September 30, 2016,RAIT Preferred Funding and CWCAM entered into a confidential settlementagreement (the "2016 Settlement"), which provides for a stay of theRAIT Preferred Funding litigation (the "Litigation Stay") throughAugust 25, 2017. Pursuant to the terms of the 2016 Settlement, uponsatisfaction of a term of the 2016 Settlement by August 25, 2017 (or such laterdate agreed to by the parties), the RAIT Preferred Funding litigation will bedismissed, with prejudice. On May 19, 2017 the borrower repaid the One CongressStreet Loan in accordance with the terms of the notes and satisfied thecondition to dismissal with prejudice. RAIT refused to dismiss the case and isclaiming the B Note should be paid in full. CWCAM believes that it hasperformed its obligations under the Operative Agreements in good faith, andthat the action should be dismissed with prejudice. On August 29, 2017, theRAIT Court granted leave to RAIT Preferred Funding to amend its complaint. OnSeptember 20, 2017, RAIT Preferred Funding filed an Amended Complaint (the"RAIT Amended Complaint"), which omits its original claims, addsWells Fargo Bank, National Association ("Wells Fargo") as adefendant, and seeks (a) specific performance requiring repayment of the$18,500,000 principal amount of the B Note or, in the alternative, monetarydamages, including the $18,500,000 principal amount of the B Note, in an amountto be determined at trial, (b) monetary damages on any fees paid to CWCAM asspecial servicer or Wells Fargo as master servicer in connection with theborrower's repayment of the One Congress Street Loan, (c) a declaratoryjudgment that RAIT Preferred Funding is entitled to recover the full$18,500,000 principal amount of the B Note, (d) punitive damages against CWCAM,and (e) other things. On October 11, 2017, CWCAM filed a motion to dismiss theRAIT Amended Complaint ("CWCAM Motion to Dismiss Amended Complaint")stating that the RAIT Amended Complaint did not state a claim and the essentialfacts of the RAIT Amended Complaint are negated by the Operative Agreements andother admissible evidentiary materials. On November 13, 2017, Wells Fargo fileda motion to dismiss the RAIT Amended Complaint (the "Wells Fargo Motion toDismiss Amended Complaint") and joined the CWCAM Motion to Dismiss AmendedComplaint. A hearing on the motion to dismiss was held on January 22, 2018 andthe court took the matter under advisement.

 

OnDecember 1, 2017, a complaint against CWCAM and others was filed in the UnitedStates District Court for the Southern District of New York styled as CWCapitalCobalt Vr Ltd. v. CWCapital Investments LLC, et al., No. 17-cv-9463. Thegravamen of the complaint alleges breaches of a contract and fiduciary dutiesby CWCAM's affiliate, CWCapital Investments LLC in its capacity as collateralmanager for the collateralized debt obligation transaction involving CWCapitalCobalt Vr, Ltd. In total, there are fourteen (14) counts pled in the complaint.Of those 14, five (5) claims are asserted against CWCAM for aiding and abettingbreach of fiduciary duty, conversion and unjust enrichment. CWCAM denies theclaims and intends to vigorously defend itself against these claims.]

 

**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 24,2015, LNR Partners, LLC, the special servicer of the 535-545 Fifth Avenue mortgageloan under the MSBAM 2015-C24 pooling and servicing agreement, is an affiliateof Starwood Mortgage Funding III LLC, a sponsor and mortgage loan seller underthe MSBAM 2015-C27 securitization transaction, Starwood Mortgage Capital LLC,an originator of certain of the mortgage loans included in the MSBAM 2015-C27securitization transaction, and LNR Securities Holdings, LLC (which, at thetime of the appointment of LNR Partners, LLC as special servicer with respectto the 535-545 Fifth Avenue mortgage loan, was the controlling classrepresentative and the holder of certificates representing more than 50% of theaggregate certificate balance of the controlling class under the MSBAM 2015-C26transaction, pursuant to which the 535-545 Fifth Avenue control note wassecuritized).

 

**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.

 

Thereport on assessment of compliance with applicable servicing criteria furnishedpursuant to Item 1122 of Regulation AB by Midland Loan Services, a Division ofPNC Bank National Association discloses that a material instance ofnoncompliance occurred, as described below:

 

MaterialInstance of Noncompliance

 

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

 

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

 

StepsTaken to Remedy the Material Instance of Noncompliance

 

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

 

Thereport on assessment of compliance with applicable servicing criteria furnishedpursuant to Item 1122 of Regulation AB by CWCapital Asset Management LLC(“CWCAM”) discloses that a material instance of noncompliance occurred, asdescribed below:

 

MaterialInstance of Noncompliance:

 

1122(d)(2)(vii): “Reconciliations are prepared on amonthly basis for all asset-backed securities related bank accounts, includingcustodial accounts and related bank clearing accounts. These reconciliations:(A) are mathematically accurate; (B) are prepared within 30 calendar days afterthe bank statement cutoff date, or such other number of days specified in thetransaction agreements; (C) are reviewed and approved by someone other than theperson who prepared the reconciling items; and (D) contain explanations forreconciling items. These reconciling items are resolved within 90 calendar daysof their original identification, or such other number of days specified in thetransaction agreements.”

 

The instance of material noncompliance, for thereporting period included a failure to complete the required bankreconciliations within 30 calendar days after the bank statement cutoffdate.  In five of the twelve months related to the reporting period, therequired reconciliations were not completed within the 30 calendar daysrequirement as follows:

 

February 2018: bank reconciliations wereprepared on June 22, 2018

 

March 2018: bank reconciliations wereprepared on May 1, 2018

 

September 2018: bank reconciliations wereprepared on November 6, 2018

 

November 2018: bank reconciliations wereprepared on February 19, 2019

 

December 2018: bank reconciliations wereprepared on February 6, 2019

 

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

 

StepsTaken to Remedy the Material Instance of Noncompliance

 

In response to the lack of adherence to company policyand procedures, CWCAM’s Compliance Committee reviewed the reasons fornoncompliance and added two additional procedures to supplement its existing procedures:

 

1) the accounting department has added the completionof bank account reconciliations within 30 calendar days to its monthly closingchecklist, which is reviewed and signed off by a CWCAM officer; and

 

2) the Chief Financial Officer has set up a monthlyelectronic reminder requiring that the completed bank reconciliations beforwarded to the CFO for an additional layer of review.

 

**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)Poolingand Servicing Agreement, dated as of November 1, 2015, between Morgan StanleyCapital I Inc., as depositor, Wells Fargo Bank, National Association, as masterservicer, CWCapital Asset Management LLC, as special servicer, Situs Holdings,LLC, 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 February 24, 2016under SEC File No. 333-180779-20 and incorporated by reference herein).

 

(4.2)Poolingand Servicing Agreement, dated as of August 1, 2015, between Morgan StanleyCapital I Inc., as depositor, Wells Fargo Bank, National Association, as masterservicer, Midland Loan Services, a Division of PNC Bank, National Association,as special servicer, 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, relating to the MSBAM 2015-C24securitization transaction, pursuant to which the 535-545 Fifth Avenue MortgageLoan is serviced (filed as Exhibit 4.2 to the registrant's Current Report onForm 8-K filed on November 24, 2015 under SEC File No. 333-180779-20 andincorporated by reference herein).

 

(4.3)Trustand Servicing Agreement, dated as of October 1, 2015, between Morgan StanleyCapital I Inc., as depositor, Wells Fargo Bank, National Association, asservicer and special servicer, and U.S. Bank National Association, ascertificate administrator and trustee, relating to the MSJP 2015-HAULsecuritization transaction, pursuant to which the U-Haul Portfolio MortgageLoan is serviced (filed as Exhibit 4.3 to the registrant's Current Report onForm 8-K filed on November 24, 2015 under SEC File No. 333-180779-20 andincorporated by reference herein).

 

(4.4)Poolingand Servicing Agreement, dated as of October 1, 2015, between Banc of AmericaMerrill 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 4.4 to theregistrant's Current Report on Form 8-K filed on November 24, 2015 under SEC FileNo. 333-180779-20 and incorporated by reference herein).

 

(31)  Rule13a-14(d)/15d-14(d) Certification.

 

(33)  Reports on assessment of compliance with servicing criteria forasset-backed securities.

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  CWCapital AssetManagement LLC, as Special Servicer

33.5  Situs Holdings,LLC, as Operating Advisor

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

33.7  National TaxSearch, LLC, as Servicing FunctionParticipant

33.8  Wells FargoBank, National Association, as MasterServicer under the MSBAM 2015-C24 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 535-545 Fifth Avenue(from 1/1/18 to 12/31/18) (see Exhibit 33.3) 

33.9  CoreLogicCommercial Real Estate Services, Inc., asServicing Function Participant under the MSBAM 2015-C24 securitization,pursuant to which the following mortgage loans were serviced by such party:535-545 Fifth Avenue (from 1/1/18 to 12/31/18) (see Exhibit 33.6) 

33.10  National TaxSearch, LLC, as Servicing FunctionParticipant under the MSBAM 2015-C24 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 535-545 Fifth Avenue(from 1/1/18 to 12/31/18) (see Exhibit 33.7) 

33.11  Wells FargoBank, National Association, as MasterServicer under the MSJP 2015-HAUL securitization, pursuant to which thefollowing mortgage loans were serviced by such party: U-Haul Portfolio (from1/1/18 to 12/31/18) (see Exhibit 33.3) 

33.12  CoreLogicCommercial Real Estate Services, Inc., asServicing Function Participant under the MSJP 2015-HAUL securitization,pursuant to which the following mortgage loans were serviced by such party:U-Haul Portfolio (from 1/1/18 to 12/31/18) (see Exhibit 33.6) 

33.13  National TaxSearch, LLC, as Servicing FunctionParticipant under the MSJP 2015-HAUL securitization, pursuant to which thefollowing mortgage loans were serviced by such party: U-Haul Portfolio (from1/1/18 to 12/31/18) (see Exhibit 33.7) 

33.14  Wells FargoBank, National Association, as Master Servicerunder the MSBAM 2015-C25 securitization, pursuant to which the followingmortgage loans were serviced by such party: Herald Center (from 1/1/18 to12/31/18) (see Exhibit 33.3) 

33.15  CoreLogicCommercial Real Estate Services, Inc., asServicing Function Participant under the MSBAM 2015-C25 securitization,pursuant to which the following mortgage loans were serviced by such party:Herald Center (from 1/1/18 to 12/31/18) (see Exhibit 33.6) 

33.16  National TaxSearch, LLC, as Servicing FunctionParticipant under the MSBAM 2015-C25 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Herald Center (from1/1/18 to 12/31/18) (see Exhibit 33.7) 

33.17  LNR Partners,LLC, as Special Servicer under theMSBAM 2015-C24 securitization, pursuant to which the following mortgage loanswere serviced by such party: 535-545 Fifth Avenue (from 1/1/18 to 12/31/18)

33.18  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 bysuch party: Herald Center (from 1/1/18 to 12/31/18)

33.19  Wells FargoBank, National Association, as Custodianunder the MSBAM 2015-C24 securitization, pursuant to which the followingmortgage loans were serviced by such party: 535-545 Fifth Avenue (from 1/1/18to 12/31/18) (see Exhibit 33.2) 

33.20  U.S. BankNational Association, as Custodian underthe MSJP 2015-HAUL securitization, pursuant to which the following mortgageloans were serviced by such party: U-Haul Portfolio (from 1/1/18 to 12/31/18)

33.21  U.S. BankNational Association, as Custodian underthe MSBAM 2015-C25 securitization, pursuant to which the following mortgageloans were serviced by such party: Herald Center (from 1/1/18 to 12/31/18) (seeExhibit 33.20) 

 

(34). Attestation reports on assessment ofcompliance with servicing criteria for asset-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  CWCapital AssetManagement LLC, as Special Servicer

34.5  Situs Holdings,LLC, as Operating Advisor

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

34.7  National TaxSearch, LLC, as Servicing FunctionParticipant

34.8  Wells FargoBank, National Association, as MasterServicer under the MSBAM 2015-C24 securitization, pursuant to which the followingmortgage loans were serviced by such party: 535-545 Fifth Avenue (from 1/1/18to 12/31/18) (see Exhibit 34.3) 

34.9  CoreLogicCommercial Real Estate Services, Inc., asServicing Function Participant under the MSBAM 2015-C24 securitization,pursuant to which the following mortgage loans were serviced by such party:535-545 Fifth Avenue (from 1/1/18 to 12/31/18) (see Exhibit 34.6) 

34.10  National TaxSearch, LLC, as Servicing FunctionParticipant under the MSBAM 2015-C24 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 535-545 Fifth Avenue(from 1/1/18 to 12/31/18) (see Exhibit 34.7) 

34.11  Wells FargoBank, National Association, as MasterServicer under the MSJP 2015-HAUL securitization, pursuant to which thefollowing mortgage loans were serviced by such party: U-Haul Portfolio (from1/1/18 to 12/31/18) (see Exhibit 34.3) 

34.12  CoreLogicCommercial Real Estate Services, Inc., asServicing Function Participant under the MSJP 2015-HAUL securitization,pursuant to which the following mortgage loans were serviced by such party:U-Haul Portfolio (from 1/1/18 to 12/31/18) (see Exhibit 34.6) 

34.13  National TaxSearch, LLC, as Servicing FunctionParticipant under the MSJP 2015-HAUL securitization, pursuant to which thefollowing mortgage loans were serviced by such party: U-Haul Portfolio (from1/1/18 to 12/31/18) (see Exhibit 34.7) 

34.14  Wells FargoBank, National Association, as MasterServicer under the MSBAM 2015-C25 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Herald Center (from1/1/18 to 12/31/18) (see Exhibit 34.3) 

34.15  CoreLogicCommercial Real Estate Services, Inc., asServicing Function Participant under the MSBAM 2015-C25 securitization,pursuant to which the following mortgage loans were serviced by such party:Herald Center (from 1/1/18 to 12/31/18) (see Exhibit 34.6) 

34.16  National TaxSearch, LLC, as Servicing FunctionParticipant under the MSBAM 2015-C25 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Herald Center (from1/1/18 to 12/31/18) (see Exhibit 34.7) 

34.17  LNR Partners,LLC, as Special Servicer under theMSBAM 2015-C24 securitization, pursuant to which the following mortgage loanswere serviced by such party: 535-545 Fifth Avenue (from 1/1/18 to 12/31/18)

34.18  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 bysuch party: Herald Center (from 1/1/18 to 12/31/18)

34.19  Wells FargoBank, National Association, as Custodian underthe MSBAM 2015-C24 securitization, pursuant to which the following mortgageloans were serviced by such party: 535-545 Fifth Avenue (from 1/1/18 to12/31/18) (see Exhibit 34.2) 

34.20  U.S. BankNational Association, as Custodian underthe MSJP 2015-HAUL securitization, pursuant to which the following mortgageloans were serviced by such party: U-Haul Portfolio (from 1/1/18 to 12/31/18)

34.21  U.S. BankNational Association, as Custodian underthe MSBAM 2015-C25 securitization, pursuant to which the following mortgageloans were serviced by such party: Herald Center (from 1/1/18 to 12/31/18) (seeExhibit 34.20) 

 

(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  CWCapital AssetManagement LLC, as Special Servicer

35.5  Wells FargoBank, National Association, as MasterServicer under the MSBAM 2015-C24 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 535-545 Fifth Avenue(from 1/1/18 to 12/31/18)

35.6  Wells FargoBank, National Association, as Master Servicerunder the MSJP 2015-HAUL securitization, pursuant to which the followingmortgage loans were serviced by such party: U-Haul Portfolio (from 1/1/18 to12/31/18)

35.7  Wells FargoBank, National Association, as MasterServicer under the MSBAM 2015-C25 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Herald Center (from1/1/18 to 12/31/18)

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 1/1/18 to 12/31/18)

35.9  Wells FargoBank, National Association, as Custodianunder the MSBAM 2015-C24 securitization, pursuant to which the followingmortgage loans were serviced by such party: 535-545 Fifth Avenue (from 1/1/18to 12/31/18) (see Exhibit 35.2) 

 

(99.1)MortgageLoan Purchase Agreement, dated November 19, 2015, between Morgan StanleyCapital I Inc. and Morgan Stanley Mortgage Capital Holdings LLC (filed asExhibit 99.1 to the registrant's Current Report on Form 8-K filed on November24, 2015 under SEC File No. 333-180779-20 and incorporated by reference herein).

 

(99.2)MortgageLoan Purchase Agreement, dated November 19, 2015, between Morgan StanleyCapital I Inc. and Bank of America, National Association (filed as Exhibit 99.2to the registrant's Current Report on Form 8-K filed on November 24, 2015 underSEC File No. 333-180779-20 and incorporated by reference herein).

 

(99.3)MortgageLoan Purchase Agreement, dated November 19, 2015, between Morgan StanleyCapital I Inc. and CIBC Inc. (filed as Exhibit 99.3 to the registrant's CurrentReport on Form 8-K filed on November 24, 2015 under SEC File No. 333-180779-20and incorporated by reference herein).

 

(99.4)MortgageLoan Purchase Agreement, dated November 19, 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 24, 2015 under SEC File No. 333-180779-20 and incorporated byreference herein).

 

(99.5)AgreementBetween Note Holders, dated July 24, 2015, between Morgan Stanley Bank, N.A.,as Initial Note A-1 Holder, Morgan Stanley Bank, N.A., as Initial Note A-2Holder, and Morgan Stanley Bank, N.A., as Initial Note A-3 Holder, relating tothe 535-545 Fifth Avenue loan combination (filed as Exhibit 99.5 to theregistrant's Current Report on Form 8-K filed on November 24, 2015 under SECFile No. 333-180779-20 and incorporated by reference herein).

 

(99.6)AgreementBetween Note Holders, dated September 1, 2015, between Morgan Stanley Bank,N.A., as Initial Note 1 Holder, and JPMorgan Chase Bank, National Association,as Initial Note 2 Holder, relating to the U-Haul Portfolio loan combination(filed as Exhibit 99.6 to the registrant's Current Report on Form 8-K filed onNovember 24, 2015 under SEC File No. 333-180779-20 and incorporated byreference herein).

 

(99.7)AgreementBetween Note Holders, dated October 15, 2015, between Morgan Stanley MortgageCapital Holdings LLC, as Initial Note A-1 Holder, Morgan Stanley MortgageCapital Holdings LLC, as Initial Note A-2 Holder, and Morgan Stanley MortgageCapital Holdings LLC, as Initial Note A-3 Holder, relating to the Herald Centerloan combination (filed as Exhibit 99.7 to the registrant's Current Report onForm 8-K/A filed on March 10, 2016 under SEC File No. 333-180779-20 andincorporated by reference herein).

 

(99.8) AgreementBetween Note Holders, dated November 24, 2015, between Morgan Stanley Bank,N.A., as Initial Note A Holder, and Morgan Stanley Bank, N.A., as Initial NoteB Holder, relating to the Hammond Square loan combination (filed as Exhibit99.8 to the registrant's Current Report on Form 8-K/A filed on February 24,2016 under SEC File No. 333-180779-20 and incorporated by reference herein).

 

(99.9)AgreementBetween Note Holders, dated October 28, 2015, between Bank of America, N.A., asInitial Note A-1 Holder, and Bank of America, N.A., as Initial Note A-2 Holder,relating to the University West Apartments loan combination (filed as Exhibit99.9 to the registrant's Current Report on Form 8-K filed on November 24, 2015under SEC File No. 333-180779-20 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: March 29, 2019