**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, 2023OR**

**//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 issuing entity: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 itscharter)**

 

**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 Computershare Trust Company, National Association,as agent for**

**Wells Fargo Bank, National Association**

**9062 Old Annapolis Road**

** Columbia, MD**

**(Address of principal executive offices)**

 

**21045**

**(Zip Code)**

 

**Telephone number, including area code:**

**(667) 786‐1992**

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

 

| Title of each class | Trading Symbol(s) | Name of each  exchange on which registered |
|---------------------|-------------------|--------------------------------------------|
| 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 everyInteractive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (Section 232.405 of this chapter) during the preceding 12 months(or for such shorter period that the registrant was required to submit suchfiles).

 

  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.

 

Indicate by check mark whether the registrant has fileda report on and attestation to its management’s assessment of the effectivenessof its internal control over financial reporting under Section 404(b) of theSarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firmthat prepared or issued its audit report.

 

  Notapplicable.

 

If securities are registered pursuant to Section 12(b)of the Act, indicate by check mark whether the financial statements of the

registrantincluded in the filing reflect the correction of an error to previously issuedfinancial statements.

 

Not applicable.

 

Indicateby check mark whether any of those error corrections are restatements thatrequired a recovery analysis of incentive-based compensation received by any ofthe registrant’s executive officers during the relevant recovery periodpursuant to §240.10D-1(b).

 

Not applicable.

 

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 by non-affiliatescomputed by reference to the price at which the common equity was last sold, orthe average bid and asked price of such common equity, as of the last businessday of the registrant's most recently completed second fiscal quarter.

 

  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-C27 mortgage pool includes the following mortgage loans, each ofwhich is serviced pursuant to a separate pooling and servicing agreement (each,an “Outside Pooling and Servicing Agreement”):

• 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.

 

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 undera pooling and servicing agreement has a nominal role with respect to themortgage pool securitized pursuant to such pooling and servicing agreement. Thetrustee’s only servicing function is the contingent obligation to make certainadvances if the master servicer under such pooling and servicing agreementfails to do so, while all other servicing functions are performed by otherparties. The trustee under each of the pooling and servicing agreements listedin the Exhibit Index has confirmed to the registrant that it has not made anysuch contingent advances during the reporting period, and consequently, eachsuch trustee does not participate in the servicing function for purposes ofItem 1122 of Regulation AB, nor does it perform the functions of a servicer forpurposes of the definition of “servicer” under Item 1101 of Regulation AB orfor purposes of Item 1123 of Regulation AB.

 

• The certificateadministrator under a pooling and servicing agreement performs various paymentadministration functions solely for the securitization governed by such poolingand servicing agreement and the mortgage pool securitized pursuant to suchpooling and servicing agreement and does not have any obligations with respectto any other transaction. Consequently, the certificate administrator under anOutside Pooling and Servicing Agreement does not participate in the servicingfunction for purposes of Item 1122 of Regulation AB, nor does it perform thefunctions of a servicer for purposes of the definition of “servicer” under Item1101 of Regulation AB or for purposes of Item 1123 of Regulation AB.

 

• The operatingadvisor under a pooling and servicing agreement represents the interests ofsenior certificateholders in the transaction governed by such pooling andservicing agreement and is responsible for monitoring the performance of thespecial servicer under such pooling and servicing agreement and producing certainreports to certificateholders relating to the resolution of the mortgage poolsecuritized pursuant to such pooling and servicing agreement. The operatingadvisor under a pooling and servicing agreement does not have any obligationswith respect to any other transaction and is solely obligated to perform loanreporting functions with respect to the securitization governed by such poolingand servicing agreement.  Consequently, the operating advisor under anOutside Pooling and Servicing Agreement neither participates in the servicingfunction for purposes of Item 1122 of Regulation AB nor performs 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. 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 is the special servicer under the MSJP 2015-HAUL trust andservicing agreement, pursuant to which the U-Haul Portfolio mortgage loan isserviced. Because Wells Fargo Bank, National Association is not the MSBAM 2015-C27special servicer, is not affiliated with any sponsor and services only theU-Haul Portfolio mortgage loan, which constitutes less than 5% of the mortgagepool, Wells Fargo Bank, National Association, as MSJP 2015-HAUL specialservicer does not constitute a reporting “servicing function participant” forpurposes of Item 1122 of Regulation AB, as specified in the Instruction 3 toItem 1122, and does not constitute a reporting “servicer” for purposes of Item1123 of Regulation AB, as specified in the Instruction to Item 1123.

  

• U.S. BankNational Association, is the custodian under the MSBAM 2015-C25 pooling andservicing agreement, pursuant to which the Herald Center mortgage loan isserviced, and the MSJP 2015-HAUL pooling and servicing agreement, pursuant towhich the U-Haul Portfolio mortgage loan is serviced. Because U.S. BankNational Association is not the MSBAM 2015-C27 custodian, is not affiliatedwith any sponsor and services only the Herald Center mortgage loan and theU-Haul Portfolio mortgage loan, which constitute more than 5% but less than 10%of the mortgage pool, U.S. Bank National Association, as MSBAM 2015-C25custodian and MSJP 2015-HAUL custodian constitutes a reporting “servicingfunction participant” for purposes of Item 1122 of Regulation AB, as specifiedin the Instruction 3 to Item 1122, but does not constitute a reporting“servicer” for purposes of Item 1123 of Regulation AB, as specified in theInstruction to Item 1123.

 

• Wells Fargo Bank, National Association,the excluded mortgage loan special servicer under the MSBAM 2015-C24 poolingand servicing agreement, only has obligations in respect of certain mortgageloans sold to the MSBAM 2015-C24 securitization trust to the extent the specialservicer thereunder is affiliated with the related borrowers. Wells Fargo Bank,National Association, as excluded mortgage loan special servicer under theMSBAM 2015-C24 pooling and servicing agreement, has no obligations with respectto the 535-545 Fifth Avenue mortgage loan or any mortgage loan included in theMSBAM 2015-C27 mortgage pool and therefore does not constitute a reporting“servicing function participant” for purposes of Item 1122 of Regulation AB, asspecified in the Instruction 3 to Item 1122, and does not constitute areporting “servicer” for purposes of Item 1123 of Regulation AB, as specifiedin 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. On September 28, 2022, Midland Loan Services, a Division of PNCBank, National Association was replaced as special servicer under the MSBAM2015-C24 pooling and servicing agreement with respect to most mortgage loans inthe MSBAM 2015-C24 mortgage pool and was succeeded by LNR Partners, LLC withrespect to such mortgage loans.  Midland Loan Services, a Division of PNCBank, National Association, was replaced as special servicer with respect tothe remaining mortgage loans in the MSBAM 2015-C24 mortgage pool on December 6,2022 and was succeeded by LNR Partners, LLC with respect to such mortgageloans.

 

• LNR Partners, LLCis the current special servicer under the MSBAM 2015-C25 pooling and servicingagreement, pursuant to which the Herald Center mortgage loan is serviced. OnMarch 9, 2022, Midland Loan Services, a Division of PNC Bank, NationalAssociation was replaced as special servicer under the MSBAM 2015-C25 poolingand servicing agreement, and was succeeded by LNR Partners, LLC.

 

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, engaged the services of CoreLogicSolutions, LLC as a servicing function participant in respect of the entiremortgage pool for the reporting period.

 

• Wells Fargo Bank,National Association, as master servicer under the MSBAM 2015-C24 pooling andservicing agreement, pursuant to which the 535-545 Fifth Avenue mortgage loanis serviced, engaged the services of CoreLogic Solutions, LLC as a servicingfunction participant in respect of the 535-545 Fifth Avenue mortgage loan forthe reporting period.

 

• Wells Fargo Bank,National Association, as master servicer and special servicer under the MSJP2015-HAUL trust and servicing agreement, pursuant to which the U-HAUL Portfoliomortgage loan is serviced, engaged the services of CoreLogic Solutions, LLC asa servicing function participant in respect of the U-HAUL Portfolio mortgageloan for the reporting period.

 

• Wells Fargo Bank, National Association,as master servicer under the MSBAM 2015-C25 pooling and servicing agreement,pursuant to which the Herald Center mortgage loan is serviced, engaged theservices of CoreLogic Solutions, LLC as a servicing function participant inrespect of the Herald Center mortgage loan for the reporting period.

 

• On November 1, 2021, pursuant to thesecond amended and restated servicing agreement attached hereto as Exhibit99.10, Computershare Trust Company, National Association was engaged to performall or virtually all of Wells Fargo Bank, National Association’s roles ascertificate administrator, custodian and trustee, as applicable, under (i) thepooling and servicing agreement and (ii) each Outside Pooling and ServicingAgreement.

 

| **PART I**   |                            |
|-------------------|---------------------------------|
|              |                            |
| **Item 1.**  | **Business.**                   |
|              | Omitted.                        |
| **Item 1A.** | **Risk Factors.**          |
|              | Omitted.                        |
| **Item 1B.** | **Unresolved Staff  Comments.** |
|              | None.                           |
| **Item 1C.** | **Cybersecurity.**              |
|              | Omitted.                        |
| **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.**  | **[Reserved]**                                                                                                      |
| **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.                                                                                                               |
| **Item 9C.** | **Disclosure Regarding  Foreign Jurisdictions that Prevent Inspections.**                                           |
|              | 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 Accountant 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 2023calendar year is $23,020,460.

 

**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, 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 follows:

 

InDecember 2014, Phoenix Light SF Limited (Phoenix Light) and certain relatedentities filed a complaint in the United States District Court for the SouthernDistrict of New York alleging claims against Wells Fargo Bank, N.A., in itscapacity as trustee for a number of residential mortgage-backed securities(RMBS) trusts. Complaints raising similar allegations have been filed byCommerzbank AG in the Southern District of New York, IKB International and IKBDeutsche Industriebank (together, IKB) in New York state court, and Park RoyalI LLC and Park Royal II LLC in New York state court. In each case, theplaintiffs allege that Wells Fargo Bank, N.A., as trustee, caused losses toinvestors, and plaintiffs assert causes of action based upon, among otherthings, the trustee’s alleged failure to notify and enforce repurchase obligationsof mortgage loan sellers for purported breaches of representations andwarranties, notify investors of alleged events of default, and abide byappropriate standards of care following alleged events of default. In July2022, the district court dismissed Phoenix Light’s claims and certain of theclaims asserted by Commerzbank AG, and subsequently entered judgment in eachcase in favor of Wells Fargo Bank, N.A. In August 2022, Phoenix Light andCommerzbank AG each appealed the district court’s decision to the United StatesCourt of Appeals for the Second Circuit. Phoenix Light dismissed its appeal inMay 2023, terminating its case. In November 2023, Wells Fargo Bank, N.A.entered into an agreement with IKB to resolve IKB’s claims. Wells Fargo Bank, N.A.previously settled two class actions filed by institutional investors and anaction filed by the National Credit Union Administration with similarallegations.

 

U.S.Bank National Association (“U.S. Bank”) and other large financial institutionshave been sued in their capacity as trustee or successor trustee for certainresidential mortgage backed securities ("RMBS") trusts. Thecomplaints, primarily filed by investors or investor groups against U.S. Bankand similar institutions, allege the trustees caused losses to investors as aresult of alleged failures by the sponsors, mortgage loan sellers and servicersto comply with the governing agreements for these RMBS trusts. Plaintiffsgenerally assert causes of action based upon the trustees’ purported failuresto enforce repurchase obligations of mortgage loan sellers for alleged breachesof representations and warranties, notify securityholders of purported eventsof default allegedly caused by breaches of servicing standards by mortgage loanservicers and abide by a heightened standard of care following alleged eventsof default.

 

U.S.Bank denies liability and believes that it has performed its obligations underthe RMBS trusts in good faith, that its actions were not the cause of losses toinvestors, that it has meritorious defenses, and it has contested and intendsto continue contesting the plaintiffs’ claims vigorously. However, U.S. Bankcannot assure you as to the outcome of any of the litigation, or the possibleimpact of these litigations on the trustee or the RMBS trusts.

 

OnMarch 9, 2018, a law firm purporting to represent fifteen Delaware statutorytrusts (the “DSTs”) that issued securities backed by student loans (the“Student Loans”) filed a lawsuit in the Delaware Court of Chancery against U.S.Bank National Association (“U.S. Bank”) in its capacities as indenture trusteeand successor special servicer, and three other institutions in theirrespective transaction capacities, with respect to the DSTs and the StudentLoans. This lawsuit is captioned The National Collegiate Student Loan MasterTrust I, et al. v. U.S. Bank National Association, et al., C.A. No.2018-0167-JRS (Del. Ch.) (the “NCMSLT Action”). The complaint, as amended onJune 15, 2018, alleged that the DSTs have been harmed as a result of purportedmisconduct or omissions by the defendants concerning administration of thetrusts and special servicing of the Student Loans. Since the filing of theNCMSLT Action, certain Student Loan borrowers have made assertions against U.S.Bank concerning special servicing that appear to be based on certainallegations made on behalf of the DSTs in the NCMSLT Action.

 

U.S.Bank has filed a motion seeking dismissal of the operative complaint in itsentirety with prejudice pursuant to Chancery Court Rules 12(b)(1) and 12(b)(6)or, in the alternative, a stay of the case while other prior filed disputesinvolving the DSTs and the Student Loans are litigated. On November 7, 2018,the Court ruled that the case should be stayed in its entirety pending resolutionof the first-filed cases. On January 21, 2020, the Court entered an orderconsolidating for pretrial purposes the NCMSLT Action and three other lawsuitspending in the Delaware Court of Chancery concerning the DSTs and the StudentLoans, which remains pending.

 

U.S.Bank denies liability in the NCMSLT Action and believes it has performed itsobligations as indenture trustee and special servicer in good faith and incompliance in all material respects with the terms of the agreements governingthe DSTs and that it has meritorious defenses. It has contested and intends tocontinue contesting the plaintiffs’ claims vigorously.

 

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

 

Theinformation regarding this Item has been provided previously in an annualreport on Form 10-K of the issuing entity or in the prospectus of the issuingentity filed in a 424(b)(5) filing dated November 24, 2015. 

 

**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, CWCapital Asset Management LLC, asspecial servicer, Situs Holdings, LLC, as trust advisor, Wilmington Trust,National Association, as trustee, and Wells Fargo Bank, National Association,as custodian, certificate administrator, certificate registrar andauthenticating agent (filed as Exhibit 4.1 to the registrant's Current Reporton Form 8-K/A filed on February 24, 2016 under SEC File No. 333-180779-20 andincorporated 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 is serviced (filed as Exhibit 4.2 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).

 

(4.3)Trust and Servicing Agreement, dated as of October 1,2015, between Morgan Stanley Capital I Inc., as depositor, Wells Fargo Bank,National Association, as servicer and special servicer, and U.S. Bank NationalAssociation, as certificate administrator and trustee, relating to the MSJP2015-HAUL securitization transaction, pursuant to which the U-Haul PortfolioMortgage Loan is serviced (filed as Exhibit 4.3 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).

 

(4.4)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, MidlandLoan Services, a Division of PNC Bank, National Association, as specialservicer, 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 andcustodian, relating to the MSBAM 2015-C25 securitization transaction, pursuantto which the Herald Center Mortgage Loan is serviced (filed as Exhibit 4.4 tothe registrant's Current Report on Form 8-K filed on November 24, 2015 underSEC File No. 333-180779-20 and incorporated by reference herein).

 

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

 

(33)  Reports on assessment ofcompliance with servicing criteria for asset-backed securities.

 

33.1 Wells Fargo Bank, National Association, asCertificate Administrator

 

33.2 Computershare Trust Company, NationalAssociation, as Servicing Function Participant for the CertificateAdministrator

 

33.3 Wells Fargo Bank, National Association, asCustodian

 

33.4 Computershare Trust Company, NationalAssociation, as Servicing Function Participant for the Custodian

 

33.5 Wells Fargo Bank, National Association, asMaster Servicer

 

33.6 CWCapital Asset Management LLC, as SpecialServicer

 

33.7 Situs Holdings, LLC, as Operating Advisor

 

33.8 CoreLogic Solutions, LLC, as ServicingFunction Participant

 

33.9 Wells Fargo Bank, National Association, asMaster Servicer under the MSBAM 2015-C24 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 535-545 Fifth Avenue(from 1/1/23 to 12/31/23) (see Exhibit 33.5)

 

33.10 CoreLogic Solutions, LLC, as ServicingFunction Participant under the MSBAM 2015-C24 securitization, pursuant to whichthe following mortgage loans were serviced by such party: 535-545 Fifth Avenue(from 1/1/23 to 12/31/23) (see Exhibit 33.8)

 

33.11 Wells Fargo Bank, National Association, asMaster Servicer under the MSJP 2015-HAUL securitization, pursuant to which thefollowing mortgage loans were serviced by such party: U-Haul Portfolio (from1/1/23 to 12/31/23) (see Exhibit 33.5)

 

33.12 CoreLogic Solutions, LLC, as ServicingFunction Participant under the MSJP 2015-HAUL securitization, pursuant to whichthe following mortgage loans were serviced by such party: U-Haul Portfolio(from 1/1/23 to 12/31/23) (see Exhibit 33.8)

 

33.13 Wells Fargo Bank, National Association, asMaster Servicer under the MSBAM 2015-C25 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Herald Center (from1/1/23 to 12/31/23) (see Exhibit 33.5)

 

33.14 CoreLogic Solutions, LLC, as ServicingFunction Participant under the MSBAM 2015-C25 securitization, pursuant to whichthe following mortgage loans were serviced by such party: Herald Center (from1/1/23 to 12/31/23) (see Exhibit 33.8)

 

33.15 LNR Partners, LLC, as Special Servicer underthe MSBAM 2015-C24 securitization, pursuant to which the following mortgageloans were serviced by such party: 535-545 Fifth Avenue (from 1/1/23 to12/31/23)

 

33.16 LNR Partners, LLC, as Special Servicer under theMSBAM 2015-C25 securitization, pursuant to which the following mortgage loanswere serviced by such party: Herald Center (from 1/1/23 to 12/31/23) (seeExhibit 33.15)

  

33.17 Wells Fargo Bank, National Association, asCustodian under the MSBAM 2015-C24 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 535-545 Fifth Avenue(from 1/1/23 to 12/31/23) (see Exhibit 33.3)

 

33.18 Computershare Trust Company, NationalAssociation, as Servicing Function Participant under the MSBAM 2015-C24securitization, pursuant to which the following mortgage loans were serviced bysuch party: 535-545 Fifth Avenue (from 1/1/23 to 12/31/23) (see Exhibit 33.4)

 

33.19 U.S. Bank National Association, as Custodianunder the MSJP 2015-HAUL securitization, pursuant to which the followingmortgage loans were serviced by such party: U-Haul Portfolio (from 1/1/23 to12/31/23)

 

33.20 U.S. Bank National Association, as Custodianunder the MSBAM 2015-C25 securitization, pursuant to which the followingmortgage loans were serviced by such party: Herald Center (from 1/1/23 to12/31/23) (see Exhibit 33.19)

 

(34). Attestationreports on assessment of compliance with servicing criteria for asset-backedsecurities.

 

34.1  Wells Fargo Bank, National Association, as CertificateAdministrator

 

34.2 Computershare Trust Company, National Association,as Servicing Function Participant for the Certificate Administrator

 

34.3 Wells Fargo Bank, National Association, asCustodian

 

34.4 Computershare Trust Company, NationalAssociation, as Servicing Function Participant for the Custodian

 

34.5 Wells Fargo Bank, National Association, asMaster Servicer

 

34.6 CWCapital Asset Management LLC, as SpecialServicer

 

34.7 Situs Holdings, LLC, as Operating Advisor

 

34.8 CoreLogic Solutions, LLC, as ServicingFunction Participant

 

34.9 Wells Fargo Bank, National Association, asMaster Servicer under the MSBAM 2015-C24 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 535-545 Fifth Avenue(from 1/1/23 to 12/31/23) (see Exhibit 34.5)

 

34.10 CoreLogic Solutions, LLC, as ServicingFunction Participant under the MSBAM 2015-C24 securitization, pursuant to whichthe following mortgage loans were serviced by such party: 535-545 Fifth Avenue(from 1/1/23 to 12/31/23) (see Exhibit 34.8)

 

34.11 Wells Fargo Bank, National Association, asMaster Servicer under the MSJP 2015-HAUL securitization, pursuant to which thefollowing mortgage loans were serviced by such party: U-Haul Portfolio (from1/1/23 to 12/31/23) (see Exhibit 34.5)

 

34.12 CoreLogic Solutions, LLC, as ServicingFunction Participant under the MSJP 2015-HAUL securitization, pursuant to whichthe following mortgage loans were serviced by such party: U-Haul Portfolio(from 1/1/23 to 12/31/23) (see Exhibit 34.8)

 

34.13 Wells Fargo Bank, National Association, asMaster Servicer under the MSBAM 2015-C25 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Herald Center (from 1/1/23to 12/31/23) (see Exhibit 34.5)

 

34.14 CoreLogic Solutions, LLC, as ServicingFunction Participant under the MSBAM 2015-C25 securitization, pursuant to whichthe following mortgage loans were serviced by such party: Herald Center (from1/1/23 to 12/31/23) (see Exhibit 34.8)

 

34.15 LNR Partners, LLC, as Special Servicer underthe MSBAM 2015-C24 securitization, pursuant to which the following mortgageloans were serviced by such party: 535-545 Fifth Avenue (from 1/1/23 to12/31/23)

 

34.16 LNR Partners, LLC, as Special Servicer under theMSBAM 2015-C25 securitization, pursuant to which the following mortgage loanswere serviced by such party: Herald Center (from 1/1/23 to 12/31/23) (seeExhibit 34.15)

  

34.17 Wells Fargo Bank, National Association, asCustodian under the MSBAM 2015-C24 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 535-545 Fifth Avenue(from 1/1/23 to 12/31/23) (see Exhibit 34.3)

 

34.18 Computershare Trust Company, NationalAssociation, as Servicing Function Participant under the MSBAM 2015-C24securitization, pursuant to which the following mortgage loans were serviced bysuch party: 535-545 Fifth Avenue (from 1/1/23 to 12/31/23) (see Exhibit 34.4)

 

34.19 U.S. Bank National Association, as Custodianunder the MSJP 2015-HAUL securitization, pursuant to which the followingmortgage loans were serviced by such party: U-Haul Portfolio (from 1/1/23 to12/31/23)

 

34.20 U.S. Bank National Association, as Custodianunder the MSBAM 2015-C25 securitization, pursuant to which the followingmortgage loans were serviced by such party: Herald Center (from 1/1/23 to12/31/23) (see Exhibit 34.19)

 

(35). Servicercompliance statement.

 

35.1 Wells Fargo Bank, National Association, asCertificate Administrator

 

35.2 Computershare Trust Company, NationalAssociation, as Servicing Function Participant for the CertificateAdministrator

 

35.3 Wells Fargo Bank, National Association, asCustodian

 

35.4 Computershare Trust Company, NationalAssociation, as Servicing Function Participant for the Custodian

 

35.5 Wells Fargo Bank, National Association, asMaster Servicer

 

35.6 CWCapital Asset Management LLC, as SpecialServicer

 

35.7 Wells Fargo Bank, National Association, asMaster Servicer under the MSBAM 2015-C24 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 535-545 Fifth Avenue(from 1/1/23 to 12/31/23) (see Exhibit 35.5)

 

35.8 Wells Fargo Bank, National Association, asMaster Servicer under the MSJP 2015-HAUL securitization, pursuant to which thefollowing mortgage loans were serviced by such party: U-Haul Portfolio (from1/1/23 to 12/31/23) (see Exhibit 35.5)

 

35.9 Wells Fargo Bank, National Association, as MasterServicer under the MSBAM 2015-C25 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Herald Center (from1/1/23 to 12/31/23) (see Exhibit 35.5)

 

35.10 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 1/1/23 to 12/31/23)

 

35.11 LNR Partners, LLC, as Special Servicer under theMSBAM 2015-C25 securitization, pursuant to which the following mortgage loanswere serviced by such party: Herald Center (from 1/1/23 to 12/31/23) (seeExhibit 35.10)

 

35.12 Wells Fargo Bank, National Association, asCustodian under the MSBAM 2015-C24 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 535-545 Fifth Avenue(from 1/1/23 to 12/31/23) (see Exhibit 35.3)

 

35.13 Computershare Trust Company, NationalAssociation, as Servicing Function Participant under the MSBAM 2015-C24securitization, pursuant to which the following mortgage loans were serviced bysuch party: 535-545 Fifth Avenue (from 1/1/23 to 12/31/23) (see Exhibit 35.4)

 

(99.1)Mortgage Loan Purchase Agreement, dated November 19,2015, 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 24, 2015 under SEC File No. 333-180779-20 andincorporated by reference herein).

 

(99.2)Mortgage Loan Purchase Agreement, dated November 19,2015, 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 24, 2015 under SEC File No. 333-180779-20 andincorporated by reference herein).

 

(99.3)Mortgage Loan Purchase Agreement, dated November 19,2015, 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 24, 2015under SEC File No. 333-180779-20 and incorporated by reference herein).

 

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

 

(99.6)Agreement Between Note Holders, dated September 1,2015, between Morgan Stanley Bank, N.A., as Initial Note 1 Holder, and JPMorganChase Bank, National Association, as Initial Note 2 Holder, relating to theU-Haul Portfolio loan combination (filed as Exhibit 99.6 to the registrant'sCurrent Report on Form 8-K filed on November 24, 2015 under SEC File No.333-180779-20 and incorporated by reference herein).

 

(99.7)Agreement Between Note Holders, dated October 15, 2015,between Morgan Stanley Mortgage Capital Holdings LLC, as Initial Note A-1Holder, Morgan Stanley Mortgage Capital Holdings LLC, as Initial Note A-2Holder, and Morgan Stanley Mortgage Capital Holdings LLC, as Initial Note A-3Holder, relating to the Herald Center loan combination (filed as Exhibit 99.7to the registrant's Current Report on Form 8-K/A filed on March 10, 2016 underSEC File No. 333-180779-20 and incorporated by reference herein).

 

(99.8) Agreement Between Note Holders, dated November 24,2015, between Morgan Stanley Bank, N.A., as Initial Note A Holder, and MorganStanley Bank, N.A., as Initial Note B Holder, relating to the Hammond Squareloan combination (filed as Exhibit 99.8 to the registrant's Current Report onForm 8-K/A filed on February 24, 2016 under SEC File No. 333-180779-20 andincorporated by reference herein).

 

(99.9)Agreement Between Note Holders, dated October 28, 2015,between Bank of America, N.A., as Initial Note A-1 Holder, and Bank of America,N.A., as Initial Note A-2 Holder, relating to the University West Apartmentsloan combination (filed as Exhibit 99.9 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).

 

(99.10)Second Amended and Restated Servicing Agreement,effective as of October 31, 2021, between Wells Fargo Bank, N.A., Wells FargoDelaware Trust Company, N.A., Computershare Trust Company, N.A., ComputershareDelaware Trust Company and Computershare Limited (filed as Exhibit 99.1 to theregistrant's Current Report on Form 8-K filed on November 5, 2021 under SECFile 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/ Jane Lam

JaneLam, President

(seniorofficer in charge of securitization of the depositor)

 

Date: March 27, 2024