**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, 2021 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:

 

| 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.

 

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 Act of1934 subsequent to the distribution of securities under a plan confirmed by acourt.

 

  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 theparties to each pooling and servicing agreement listed in the Exhibit Indexboth (1) participates in the servicing function for purposes of Item 1122 ofRegulation AB and (2) constitutes a servicer that meets the criteria in Item1108(a)(2)(i) through (iii) of Regulation AB for purposes of Item 1123 ofRegulation AB:

 

• The trustee under a pooling and servicingagreement has a nominal role with respect to the mortgage pool securitizedpursuant to such pooling and servicing agreement. The trustee’s only servicingfunction is the contingent obligation to make certain advances if the masterservicer under such pooling and servicing agreement fails to do so, while allother servicing functions are performed by other parties. The trustee undereach of the pooling and servicing agreements listed in the Exhibit Index hasconfirmed to the registrant that it has not made any such contingent advancesduring the reporting period, and consequently, each such trustee does notparticipate in the servicing function for purposes of Item 1122 of RegulationAB, nor does it perform the functions of a servicer for purposes of thedefinition of “servicer” under Item 1101 of Regulation AB or for purposes ofItem 1123 of Regulation 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 and servicingagreement 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 to anyother transaction and is solely obligated to perform loan reporting functionswith respect to the securitization governed by such pooling and servicingagreement.  Consequently, the operating advisor under an Outside Poolingand Servicing Agreement neither participates in the servicing function forpurposes of Item 1122 of Regulation AB nor performs the functions of a servicerfor purposes of the definition of “servicer” under Item 1101 of Regulation ABor for purposes of Item 1123 of Regulation AB. In addition, while the operatingadvisor under a pooling and servicing agreement has certain reportingobligations in respect of the related mortgage pool, it has no obligation tocollect or disburse funds in respect of the mortgage pool or to administer any ofthe underlying mortgage loans.  Consequently, the operating advisor undera pooling and servicing agreement participates in the servicing function forpurposes of Item 1122 of Regulation AB, but is not responsible for the“management or collection of the pool assets or making allocations ordistributions to holders of the asset-backed securities” within the meaning of“servicer” under Item 1101 of Regulation AB and does not perform the functionsof 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-C27 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.

 

• National Tax Search, LLC merged intoCoreLogic Solutions, LLC in 2021.  CoreLogic Solutions, LLC’s report onassessment of compliance with servicing criteria and registered publicaccounting firm attestation report, in each case provided pursuant to Item 1122of Regulation AB, also relate to National Tax Search, LLC’s platform for thereporting period.

 

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 Solutions, LLC andNational Tax Search, LLC, in each case as a servicing function participant inrespect of the entire mortgage pool for the reporting period.

 

• 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 Solutions, LLC and National Tax Search, LLC, in eachcase as a servicing function participant in respect of the 535-545 Fifth Avenuemortgage 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 Solutions, LLC and National TaxSearch, LLC, in each case as a servicing function participant in respect of theU-HAUL Portfolio mortgage loan for the reporting period.

 

• 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 CoreLogicSolutions, LLC and National Tax Search, LLC, in each case as a servicingfunction participant in respect of the Herald Center mortgage loan for thereporting period.

 

• On November 1, 2021, pursuant to the second amended and restatedservicing agreement attached hereto as Exhibit 99.10, Computershare TrustCompany, National Association was engaged to perform all or virtually all ofWells Fargo Bank, National Association’s roles as certificate administrator,custodian and trustee, as applicable, under (i) the pooling and servicingagreement and (ii) each Outside Pooling and Servicing Agreement.

 

| **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 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 2021calendar year is $23,423,519.27.

 

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

 

No entityor group of affiliated entities provides any enhancement or other support forthe 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 and certain related entities and theNational Credit Union Administration (NCUA) filed complaints in the UnitedStates District Court for the Southern District of New York against Wells FargoBank, alleging claims against Wells Fargo Bank in its capacity as trustee for anumber of residential mortgage-backed securities trusts. Complaints raisingsimilar allegations have been filed by Commerzbank AG in the Southern Districtof New York and by IKB International and IKB Deutsche Industriebank in New Yorkstate court. In each case, the plaintiffs allege that Wells Fargo Bank, astrustee, caused losses to investors, and plaintiffs assert causes of actionbased upon, among other things, the trustee’s alleged failure to notify andenforce repurchase obligations of mortgage loan sellers for purported breachesof representations and warranties, notify investors of alleged events of default,and abide by appropriate standards of care following alleged events of default.Wells Fargo Bank previously settled two class action lawsuits with similarallegations that were filed in November 2014 and December 2016 by institutionalinvestors in the Southern District of New York and New York state court,respectively. In addition, Park Royal I LLC and Park Royal II LLC have filedcomplaints in New York state court alleging Wells Fargo Bank, N.A., as trustee,failed to take appropriate actions upon learning of defective mortgage loandocumentation. In March 2021, the Company entered into an agreement to resolvethe case filed by the NCUA.

 

Inaddition to the foregoing cases, in August 2014 and August 2015 Nomura Credit& Capital Inc. (“Nomura”) and Natixis Real Estate Holdings, LLC (“Natixis”)filed a total of seven third-party complaints against Wells Fargo Bank in NewYork state court. In the underlying first-party actions, Nomura and Natixishave been sued for alleged breaches of representations and warranties made inconnection with residential mortgage-backed securities sponsored by them. Inthe third-party actions, Nomura and Natixis allege that Wells Fargo Bank, asmaster servicer, primary servicer or securities administrator, failed to notifyNomura and Natixis of their own breaches, failed to properly oversee theprimary servicers, and failed to adhere to accepted servicing practices.Natixis additionally alleges that Wells Fargo Bank failed to perform defaultoversight duties. Wells Fargo Bank has asserted counterclaims alleging thatNomura and Natixis failed to provide Wells Fargo Bank notice of theirrepresentation and warranty breaches.

 

Withrespect to each of the foregoing litigations, Wells Fargo Bank believesplaintiffs' claims are without merit and intends to contest the claimsvigorously, but there can be no assurances as to the outcome of the litigationsor the possible impact of the litigations on Wells Fargo Bank or the relatedRMBS trusts.

 

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. Bank andsimilar 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.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.  

 

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 LoanMaster Trust 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 amendedon June 15, 2018, alleged that the DSTs have been harmed as a result ofpurported misconduct or omissions by the defendants concerning administrationof the trusts and special servicing of the Student Loans.  Since thefiling of the NCMSLT Action, certain Student Loan borrowers have madeassertions against U.S. Bank concerning special servicing that appear to bebased on certain allegations 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 pendingresolution of the first-filed cases.  On January 21, 2020, the Courtentered an order consolidating for pretrial purposes the NCMSLT Action andthree other lawsuits pending in the Delaware Court of Chancery concerning theDSTs and the Student Loans, 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 andintends to continue contesting the plaintiffs’ claims vigorously.

 

Fromtime to time, CWCapital Asset Management LLC, a Delaware limited liabilitycompany (“CWCAM”), is a party to lawsuits and other legal proceedings as partof its duties as a special servicer (e.g., enforcement of loan obligations)and/or arising in the ordinary course of business.  Other than as setforth in the following paragraphs, there are currently no legal proceedingspending, and no legal proceedings known to be contemplated by governmentalauthorities, against CWCAM or of which any of its property is the subject, thatare material to the certificateholders.

 

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 “StateCourt”) for a declaratory judgment as to the proper allocation of certainproceeds (“Disputed Proceeds”) received by CWCAM in connection with the sale ofthe Peter Cooper Village and Stuyvesant Town property in New York, New Yorksecuring loans held by those trusts.  CWCAM was the special servicer of suchproperty.  The petition requests the State Court to instruct the trustee,the trust beneficiaries, and any other interested parties as to the amount ofthe Disputed Proceeds, if any, that constitute penalty interest and/or theamount of the Disputed Proceeds, if any, that constitute gain-on-sale proceeds,with respect to each trust.  On February 24, 2016, CWCAM made a limitedappearance with the State Court to file a motion to dismiss this proceedingbased on lack of jurisdiction, mootness, standing and forum nonconveniens.  On July 19, 2016, the State Court denied CWCAM’s motion todismiss.  On July 22, 2016, the action was removed to federal court inMinnesota (“Federal Court”).  On October 21, 2016, the Federal Court helda hearing on the motion to transfer the action to the United States DistrictCourt for the Southern District of New York (“SDNY Court”), a motion to remandto state court and a motion to hear CWCAM’s request for reconsideration of themotion to dismiss.  On March 14, 2017, the Federal Court reserved thedetermination on the motion to hear CWCAM’s request for reconsideration of themotion to dismiss, denied the motion to remand the matter to state court andgranted the motion to transfer the proceeding to the SDNY Court.  Cross motionsfor judgment on the pleadings were filed but the SDNY Court was unable todecide the case based on the pleadings and the SDNY Court ordereddiscovery.  All fact discovery was completed in December, 2018 and expertdiscovery was completed on March 15, 2019.  The parties submitted crossmotions for summary judgment, and on March 19, 2020, the SDNY Court entered anopinion and order in which it granted summary judgment in CWCAM’s favor andheld that CWCAM was entitled to the entire amount of penalty interest and thatCWCAM’s determination of Yield Maintenance was correct.  In the 127-pageopinion, the SDNY Court found for CWCAM on every issue presented by thetrustee’s petition, namely, that the funds in dispute constitute penaltyinterest and yield maintenance, not gain-on-sale proceeds, and that the amountof penalty interest and yield maintenance was correctly calculated. An appealof the SDNY Court’s decision was taken on April 29, 2020.  Oral argumenton the appeal occurred on June 21, 2021. The parties await the decision of theappeals court.  

 

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 (the“Original Complaint”). The gravamen of the Original  Complaint allegedbreaches of a contract and fiduciary duties by CWCAM’s affiliate, CWCapitalInvestments LLC in its capacity as collateral manager for the collateralizeddebt obligation transaction involving CWCapital Cobalt Vr, Ltd. In total, thereare 14 counts pled in the Original Complaint. Of those 14, 5 claims wereasserted against CWCAM for aiding and abetting breach of fiduciary duty,conversion and unjust enrichment. On May 23, 2018, the Original Complaint wasdismissed for lack of subject matter jurisdiction.   On June 28,2018, CWCapital Cobalt Vr Ltd. filed a substantially similar complaint in theSupreme Court of the State of New York, County of New York styled as CWCapitalCobalt Vr Ltd. v. CWCapital Investments LLC, et al., Index No. 653277/2018 (the“New Complaint”).  The gravamen of the New Complaint is the same as theprevious complaint filed in the United State District Court for the SouthernDistrict of New York.  In total there are 16 counts pled in the NewComplaint. Of those 16 counts, 5 claims were asserted against CWCAM for aidingand abetting breach of fiduciary duty, conversion and unjust enrichment, 1count seeks a declaratory judgement that the plaintiff has the right to enforcethe contracts in question and 1 count seeks an injunction requiring thedefendants to recognize the plaintiff as the directing holder for the trusts inquestion. On January 11, 2019, the plaintiff dismissed with prejudice thedeclaratory judgment and injunction counts.  The New Complaint and relatedsummons was not served on the defendants until July 13, 2018 and July 16,2018.  The plaintiff’s motion for a preliminary injunction was denied bythe court on July 31, 2018.  On August 3, 2018, the defendants, includingCWCAM, filed a motion to dismiss the New Complaint in its entirety. On August20, 2019, the court entered an order granting defendants’ motion almost in itsentirety, dismissing 11 of the 16 counts and partially dismissing 2 additionalcounts.  Of the remaining counts, 2 are asserted against CWCAM for aidingand abetting breach of fiduciary duty and unjust enrichment.  On September19, 2019, CWCapital Cobalt Vr Ltd. filed a notice of appeal relating to theAugust 20, 2019 dismissal order and on September 26, 2019, filed an amendedcomplaint against CWCI and CWCAM attempting to address deficiencies relating tocertain of the claims dismissed by the August, 20, 2019 order.  CWCI and CWCAMfiled its Motion to Dismiss the amended complaint on October 28, 2019. The court heard argument on the Motion to Dismiss the amended complaint onJanuary 22, 2020 and on October 23, 2020, the court granted the motiondismissing the amended claims.  On November 30, 2020, CWCapital Cobalt VrLtd filed a notice of appeal relating to the October 23, 2020 dismissalorder.  On April 27, 2021, the First Department affirmed the dismissal asto claims against CWCAM that were part of the August 20, 2019 dismissal, butreversed the dismissal of two counts for breach of the Collateral ManagementAgreement against CWCI.  CWCI has sought leave to file an appeal of thedecision.  Both requests for leave were denied by the FirstDepartment.  The plaintiff has also sought leave to appeal the dismissalof the claims against CWCAM.  CWCAM believes that it has performed itsobligations under the related pooling and servicing agreements in good faithand the remaining allegations in the New Complaint are without merit.  

 

OnJanuary 24, 2016 PSW NYC LLC commenced a complaint (the “PSW Complaint”) withthe Supreme Court of the State of New York, County of New York (the “PSWCourt”) against Bank of America, N.A. as trustee under the pooling andservicing agreements for Wachovia Bank Commercial Mortgage Trust 2007-C30 andCOBALT CMBS Commercial Trust 2007-C2, U.S. Bank National Association as trusteeunder the pooling and servicing agreements for Wachovia Bank CommercialMortgage Trust 2007-C31, ML-CFC Commercial Mortgage Trust 2007-5 and ML-CFCCommercial Mortgage Trust 2007-6 (collectively, the “PSW Trusts”), PCV-MHoldings LLC and CWCapital Asset Management LLC, individually and as specialservicer for the PSW Trusts (collectively, the “Defendants”) seeking either (a)damages in an amount to be determined by the PSW Court but alleged by theplaintiffs to be approximately $500,000,000 – such amount being the amount PSWNYC LLC alleges would have been recovered on certain mezzanine loans (the“PCVST Mezzanine Loans”) related to the Peter Cooper Village and StuyvesantTown property (the “PCVST Property”) in New York City which PSW NYC LLC sold toan entity related to the Defendants pursuant to a settlement agreement relatedto certain prior litigation (the “2010 Settlement Agreement”) or (b) therescission of the 2010 Settlement Agreement which would result in, among otherthings, the rescission of the sale of the PCVST Mezzanine Loans and a claim forcertain proceeds from the sale of the PCVST Property. PSW NYC LLC alleges that theDefendants procured the 2010 Settlement Agreement by fraud and further that theterms of the 2010 Settlement Agreement were breached by the Defendants. OnFebruary 26, 2016, CWCAM on behalf of itself and the other Defendants filed amotion to dismiss the PSW Complaint (the “CWCAM Motion to Dismiss”). On April11, 2016, PSW NYC LLC opposed the CWCAM Motion to Dismiss and cross-moved for apartial summary judgment on liability regarding allegations of breach of the2010 Settlement Agreement (the “PSW Cross-Motion”). On May 5, 2016, theDefendants subsequently filed its reply and opposition to the PSW Cross-Motion.On August 23, 2016, oral arguments were provided to the PSW Court regarding thePSW Complaint, the CWCAM Motion to Dismiss and the PSW Cross-Motion and the PSWCourt took such arguments under advisement. On October 31, 2016, the PSW Courtissued an order granting the CWCAM Motion to Dismiss, denying the PSWCross-Motion and dismissing the PSW Complaint with prejudice. Subsequently, PSWNYC LLC filed a notice of appeal relating to such order. On February 21, 2017,PSW NYC LLC filed its appeal and supporting brief arguing that the PSW Courterred by finding no breach of the assignment agreement and no fraudulentinducement. Oral argument was heard on May 4, 2017 at which point the courttook the arguments under advisement. On May 25, 2017, the New York 1stDepartment appellate court affirmed the dismissal of all PSW claims and denieda request for leave to appeal to the New York Court of Appeals on September 12,2017.  

 

OnMarch 31, 2016, RAIT Preferred Funding II LTD. (“RAIT Preferred Funding”)commenced a complaint (“RAIT Complaint”) with the Supreme Court of the State ofNew York, County of New York (the “RAIT Court”), claiming it owns $18,500,000 ofa mortgage loan secured by the development of the One Congress Street Propertyin Boston, Massachusetts (the “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”) and was the directinglender at the time of the improper modification of the Loan, (b) a declaratoryjudgment stating that RAIT Preferred Funding has the right to terminate thespecial servicer, (c) monetary damages for the value of the bonds and fees paidto CWCAM as the special servicer of the Loan and (d) other things.  On May17, 2016, CWCAM filed a motion to dismiss the RAIT Complaint (“Motion toDismiss”) 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, RAITPreferred Funding filed a Memorandum of Law in Opposition to the Motion toDismiss (“Opposition”) stating that the claims in the RAIT Complaint wereproperly stated.  On June 30, 2016, CWCAM filed a reply in support of theMotion to Dismiss and in response to the Opposition, stating that each ofCWCAM’s arguments is supported by the express language of the agreementsbetween the parties, the documentary evidence and New York case law.  OnSeptember 30, 2016, RAIT Preferred Funding and CWCAM entered into aconfidential Settlement Agreement (the “2016 Settlement”), which provides for astay of the RAIT 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 Loanin accordance with the terms of the notes and satisfied the condition to dismissalwith prejudice.  RAIT has refused to dismiss the case and is claiming thatthe B Note should be paid in full.  CWCAM believes that it has performedits obligations under the Operative Agreements in good faith, and that theaction should be dismissed with prejudice.  On August 29, 2017, the RAITCourt 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, adds Wells FargoBank as a defendant, and seeks (a) specific performance requiring repayment ofthe $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 Bank as master servicer in connection with theborrower’s repayment of the Loan, (c) a declaratory judgment that RAITPreferred Funding is entitled to recover the full $18,500,000 principal amountof the B Note, (d) punitive damages against CWCAM, and (e) other things. On October 11, 2017, CWCAM filed a motion to dismiss the RAIT Amended Complaint(“CWCAM Motion to Dismiss Amended Complaint”) stating that the RAIT AmendedComplaint did not state a claim and the essential facts of the RAIT AmendedComplaint are negated by the Operative Agreements and other admissibleevidentiary materials.  On November 13, 2017, Wells Fargo Bank filed amotion to dismiss the RAIT Amended Complaint (the “Wells Fargo Motion toDismiss Amended Complaint”) and joined the CWCAM Motion to Dismiss AmendedComplaint.  On January 29, 2018, the court dismissed all claims but forbreach of contract and discovery has commenced.  CWCAM filed a Motion forSummary Judgement on March 18, 2019.   This matter was settled andthe case dismissed on May 15, 2019..

 

**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 Report onForm 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 of compliance with servicing criteria forasset-backed securities.

 

33.1 Wells Fargo Bank, National Association, asCertificate Administrator

 

33.2 Computershare Trust Company, NationalAssociation, as Servicing Function Participant for the CertificateAdministrator (from 11/1/21 to 12/31/21)

 

33.3 Wells Fargo Bank, National Association, asCustodian

 

33.4 Computershare Trust Company, NationalAssociation, as Servicing Function Participant for the Custodian (from 11/1/21to 12/31/21)

 

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 1/1/21 to 12/31/21) (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 1/1/21 to 12/31/21) (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 (from1/1/21 to 12/31/21) (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 (from1/1/21 to 12/31/21) (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 (from1/1/21 to 12/31/21) (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 (from1/1/21 to 12/31/21) (see Exhibit 33.8)

 

33.15 LNR Partners, LLC, as Special Servicer underthe MSBAM 2015-C24 securitization, pursuant to which the following mortgage loanswere serviced by such party: 535-545 Fifth Avenue (from 1/1/21 to 12/31/21)

 

33.16 Midland Loan Services, a Division of PNCBank, National Association, as Special Servicer under the MSBAM 2015-C25securitization, pursuant to which the following mortgage loans were serviced bysuch party: Herald Center (from 1/1/21 to 12/31/21)

 

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 1/1/21 to 12/31/21) (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 11/1/21 to 12/31/21) (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 1/1/21 to12/31/21)

 

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 1/1/21 to12/31/21) (see Exhibit 33.19)

 

(34). Attestation reports on assessment ofcompliance with servicing criteria for asset-backed securities.

 

34.1 Wells Fargo Bank, National Association, asCertificate Administrator

 

34.2 Computershare Trust Company, NationalAssociation, as Servicing Function Participant for the CertificateAdministrator (from 11/1/21 to 12/31/21)

 

34.3 Wells Fargo Bank, National Association, asCustodian

 

34.4 Computershare Trust Company, NationalAssociation, as Servicing Function Participant for the Custodian (from 11/1/21to 12/31/21)

 

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 1/1/21 to 12/31/21) (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 1/1/21 to 12/31/21) (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 (from1/1/21 to 12/31/21) (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 1/1/21 to 12/31/21) (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 (from1/1/21 to 12/31/21) (see Exhibit 34.5)

 

34.14 CoreLogic Solutions, LLC, as Servicing FunctionParticipant under the MSBAM 2015-C25 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Herald Center (from1/1/21 to 12/31/21) (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 1/1/21 to12/31/21)

 

34.16 Midland Loan Services, a Division of PNCBank, National Association, as Special Servicer under the MSBAM 2015-C25securitization, pursuant to which the following mortgage loans were serviced bysuch party: Herald Center (from 1/1/21 to 12/31/21)

 

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 1/1/21 to 12/31/21) (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 11/1/21 to 12/31/21) (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 1/1/21 to12/31/21)

 

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 1/1/21 to12/31/21) (see Exhibit 34.19)

 

(35). Servicer compliance statement.

 

35.1 Wells Fargo Bank, National Association, asCertificate Administrator

 

35.2 Computershare Trust Company, NationalAssociation, as Servicing Function Participant for the CertificateAdministrator (from 11/1/21 to 12/31/21)

 

35.3 Wells Fargo Bank, National Association, asCustodian

 

35.4 Computershare Trust Company, NationalAssociation, as Servicing Function Participant for the Custodian (from 11/1/21to 12/31/21)

 

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 1/1/21 to 12/31/21) (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 (from1/1/21 to 12/31/21) (see Exhibit 35.5)

 

35.9 Wells Fargo Bank,National Association, as Master Servicer under the MSBAM 2015-C25securitization, pursuant to which the following mortgage loans were serviced bysuch party: Herald Center (from 1/1/21 to 12/31/21) (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 1/1/21 to 12/31/21)

 

35.11 Wells Fargo Bank, 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 1/1/21to 12/31/21) (see Exhibit 35.3)

 

35.12 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 11/1/21 to 12/31/21) (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 Exhibit 99.3 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).

 

(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 the U-HaulPortfolio loan combination (filed as Exhibit 99.6 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).

 

(99.7)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-2 Holder,and Morgan Stanley Mortgage Capital Holdings LLC, as Initial Note A-3 Holder,relating to the Herald Center loan combination (filed as Exhibit 99.7 to theregistrant's Current Report on Form 8-K/A filed on March 10, 2016 under SECFile 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)SecondAmended and Restated Servicing Agreement, effective as of October 31, 2021,between Wells Fargo Bank, N.A., Wells Fargo Delaware Trust Company, N.A.,Computershare Trust Company, National Association, Computershare Delaware TrustCompany and Computershare Limited (filed as Exhibit 99.1 to the registrant'sCurrent Report on Form 8-K filed on November 5, 2021 under 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 of 1934,the registrant has duly caused this report to be signed on its behalf by theundersigned, thereunto duly authorized.

 

MorganStanley Capital I Inc.

(Depositor)

 

By:/s/ Jane Lam

JaneLam, President

(seniorofficer in charge of securitization of the depositor)

 

Date: March 28, 2022