**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:333-227446-11**

 

**Central Index Key Number of the issuing entity:****0001816861**

 

**Morgan Stanley Capital ITrust 2020-HR8**

**(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 MortgageCapital Holdings LLC**

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

 

**Central Index Key Number of the sponsor:0001624053**

 

**Argentic Real Estate FinanceLLC**

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

** **

**Central Index Key Number of the sponsor:0001548405**

 

**Starwood Mortgage Capital LLC**

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

 ** **

**Central Index Key Number of the sponsor:****0001549574**

 

**Barclays Capital Real EstateInc.**

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

 

| **New York**                                                        | **38-4149516**

**38-4149517**

**38-7250402** |
|---------------------------------------------------------------------|------------------------------------------------|
| **(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 in Rule405 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).

 

 Not applicable.

  

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

 

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

 

Emerginggrowth company ___

 

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

 

  Notapplicable.

 

Indicateby check mark whether the registrant has filed a report on and attestation toits management’s assessment of the effectiveness of its internal control overfinancial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C.7262(b)) by the registered public accounting firm that prepared or issued itsaudit 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 Actof 1934 subsequent to the distribution of securities under a plan confirmed bya court.

 

  Notapplicable.

 

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

 

  Notapplicable.

 

DOCUMENTSINCORPORATED BY REFERENCE

 

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

 

  Notapplicable.

 

**EXPLANATORY NOTES**

 

The MSC 2020-HR8 mortgage pool includes thefollowing mortgage loans, each of which is serviced pursuant to a separatepooling and servicing agreement (each, an “Outside Pooling and ServicingAgreement”):

 

•   the 525 Market Streetmortgage loan, which is serviced pursuant to the MKT 2020-525M trust andservicing agreement attached hereto as Exhibit 4.2;

 

•   the Bellagio Hotel and Casinomortgage loan, which is serviced pursuant to the BX 2019-OC11 trust andservicing agreement attached hereto as Exhibit 4.3;

 

•   the Bushwick MultifamilyPortfolio mortgage loan, which is serviced pursuant to the WFCM 2020-C56pooling and servicing agreement attached hereto as Exhibit 4.4; and

 

•   the Ralph Lauren HQ NewJersey mortgage loan, which is serviced pursuant to the BANK 2020-BNK27 poolingand servicing agreement attached hereto as Exhibit 4.5.

 

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 poolingand servicing agreement has a nominal role with respect to the mortgage poolsecuritized 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 agreementslisted in the Exhibit Index has confirmed to the registrant that it has notmade any such contingent advances during the reporting period, andconsequently, each such trustee does not participate in the servicing functionfor purposes of Item 1122 of Regulation AB, nor does it perform the functionsof a servicer for purposes of the definition of “servicer” under Item 1101 ofRegulation AB or for purposes of Item 1123 of Regulation AB.

 

•   The certificate administratorunder a pooling and servicing agreement performs various payment administrationfunctions solely for the securitization governed by such pooling and servicingagreement and the mortgage pool securitized pursuant to such pooling andservicing agreement and does not have any obligations with respect to any othertransaction.  Consequently, the certificate administrator under an OutsidePooling and Servicing Agreement does not participate in the servicing functionfor purposes of Item 1122 of Regulation AB, nor does it perform the functionsof a servicer for purposes of the definition of “servicer” under Item 1101 ofRegulation AB or for purposes of Item 1123 of Regulation AB.

 

•   The operating advisor under apooling and servicing agreement represents the interests of seniorcertificateholders in the transaction governed by such pooling and servicingagreement and is responsible for monitoring the performance of the specialservicer 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,while the 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. 

 

•   The asset representations reviewer under a poolingand servicing agreement has a limited obligation to review certain delinquentmortgage loans after a specified delinquency threshold has been met and therequired percentage of certificateholders vote to direct a review of suchdelinquent mortgage loans, and has no obligation to collect or disburse fundsin respect of the mortgage pool, to administer any of the underlying mortgageloans or to perform any servicing function.  Consequently, the assetrepresentations reviewer under a pooling and servicing agreement does notparticipate in the servicing function for purposes of Item 1122 of RegulationAB, is not responsible for the “management or collection of the pool assets ormaking allocations or distributions to holders of the asset-backed securities”within the meaning of “servicer” under Item 1101 of Regulation AB and does notperform the functions of a servicer for purposes of Item 1123 of Regulation AB.

•  KeyBankNational Association is the servicer under the BX 2019-OC11 trust and servicingagreement, pursuant to which the Bellagio Hotel and Casino mortgage loan isserviced.  Because KeyBank National Association is not the MSC 2020-HR8master servicer, is not affiliated with any sponsor and services only theBellagio Hotel and Casino mortgage loan, which constitutes more than 5% butless than 10% of the mortgage pool, KeyBank National Association, as BX2019-OC11 servicer, constitutes a reporting “servicing function participant”for purposes of Item 1122 of Regulation AB, as specified in the Instruction 3to Item 1122, but does not constitute a reporting “servicer” for purposes ofItem 1123 of Regulation AB, as specified in the Instruction to Item 1123.

 

•   CWCapital Asset ManagementLLC is the special servicer under the BANK 2020-BNK27 pooling and servicingagreement, pursuant to which the Ralph Lauren HQ New Jersey mortgage loan isserviced.  Because CWCapital Asset Management LLC is not the MSC 2020-HR8special servicer, is not affiliated with any sponsor and services only theRalph Lauren HQ New Jersey mortgage loan, which constitutes less than 5% of themortgage pool, CWCapital Asset Management LLC, as BANK 2020-BNK27 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.

 

•   National Tax Search, LLCmerged into CoreLogic Solutions, LLC in 2021.  CoreLogic Solutions, LLC’sreport on assessment 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, NationalAssociation, as master servicer, engaged the services of CoreLogic Solutions,LLC and National Tax Search, LLC, in each case as a servicing functionparticipant in respect of the entire mortgage pool for the reporting period.

 

•   Wells Fargo Bank, NationalAssociation, as servicer under the MKT 2020-525M trust and servicing agreement,pursuant to which the 525 Market Street mortgage loan is serviced, engaged theservices of CoreLogic Solutions, LLC and National Tax Search, LLC, in each caseas a servicing function participant in respect of the 525 Market Streetmortgage loan for the reporting period.

 

•   Wells Fargo Bank, NationalAssociation, as master servicer under the WFCM 2020-C56 pooling and servicingagreement, pursuant to which the Bushwick Multifamily Portfolio mortgage loanis serviced, engaged the services of CoreLogic Solutions, LLC and National TaxSearch, LLC, in each case as a servicing function participant in respect of theBushwick Multifamily Portfolio mortgage loan for the reporting period.

 

•   Wells Fargo Bank, NationalAssociation, as master servicer under the BANK 2020-BNK27 pooling and servicingagreement, pursuant to which the Ralph Lauren HQ New Jersey 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 theRalph Lauren HQ New Jersey mortgage loan for the reporting period.

 

•   On November 1, 2021, pursuantto the second amended and restated servicing agreement attached hereto asExhibit 99.11, Computershare Trust Company, National Association was engaged toperform all or virtually all of Wells Fargo Bank, National Association’s rolesas certificate administrator, custodian and trustee, as applicable, under (i)the pooling 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 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.**

 

Notapplicable.

 

**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) of RegulationAB, originator contemplated by Item 1110(b) of Regulation AB, or other partycontemplated by Item 1100(d)(1) of Regulation AB, or of which any property ofthe foregoing is the subject, that is material to security holders, other thanas 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 ofdefault, and abide by appropriate standards of care following alleged events ofdefault. Wells Fargo Bank previously settled two class action lawsuits withsimilar allegations that were filed in November 2014 and December 2016 byinstitutional investors in the Southern District of New York and New York statecourt, respectively. In addition, Park Royal I LLC and Park Royal II LLC havefiled complaints in New York state court alleging Wells Fargo Bank, N.A., astrustee, failed to take appropriate actions upon learning of defective mortgageloan documentation. In March 2021, the Company entered into an agreement toresolve the 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.

  

**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)(2) filing dated July 31, 2020.

 

**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)Poolingand Servicing Agreement, dated as of July 1, 2020, between Morgan StanleyCapital I Inc., as depositor, Wells Fargo Bank, National Association, as masterservicer, Midland Loan Services, a Division of PNC Bank, National Association,as special servicer, Wells Fargo Bank, National Association, as certificateadministrator, Wilmington Trust, National Association, as trustee, and ParkBridge Lender Services LLC, as operating advisor and as asset representationsreviewer (filed as Exhibit 4.1 to the registrant's Current Report on Form 8-K/Afiled on January 29, 2021 under SEC File No. 333-227446-11 and incorporated byreference herein).

 

(4.2)Trustand Servicing Agreement, dated as of February 26, 2020, between BarclaysCommercial Mortgage Securities LLC, as depositor, Wells Fargo Bank, NationalAssociation, as servicer, Situs Holdings, LLC, as special servicer, Wells FargoBank, National Association, as certificate administrator and custodian, andWilmington Trust, National Association, as trustee, relating to the MKT2020-525M securitization transaction, pursuant to which the 525 Market StreetMortgage Loan is serviced (filed as Exhibit 4.2 to the registrant's CurrentReport on Form 8-K filed on July 31, 2020 under SEC File No. 333-227446-11 andincorporated by reference herein).

 

(4.3)Trustand Servicing Agreement, dated as of December 1, 2019, between Morgan StanleyCapital I Inc., as depositor, KeyBank National Association, as servicer, SitusHoldings, LLC, as special servicer, Wells Fargo Bank, National Association, ascertificate administrator and trustee, and Park Bridge Lender Services LLC, asoperating advisor, relating to the BX 2019-OC11 securitization transaction,pursuant to which the Bellagio Hotel and Casino Mortgage Loan is serviced(filed as Exhibit 4.3 to the registrant's Current Report on Form 8-K filed onJuly 31, 2020 under SEC File No. 333-227446-11 and incorporated by referenceherein).

 

(4.4)Poolingand Servicing Agreement, dated as of June 1, 2020, between Wells FargoCommercial Mortgage Securities, Inc., as depositor, Wells Fargo Bank, NationalAssociation, as master servicer, Midland Loan Services, a Division of PNC Bank,National Association, as special servicer, Wells Fargo Bank, NationalAssociation, as certificate administrator, Wilmington Trust, NationalAssociation, as trustee, and Pentalpha Surveillance LLC, as operating advisor andasset representations reviewer, relating to the WFCM 2020-C56 securitizationtransaction, pursuant to which the Bushwick Multifamily Portfolio Mortgage Loanis serviced (filed as Exhibit 4.4 to the registrant's Current Report on Form8-K filed on July 31, 2020 under SEC File No. 333-227446-11 and incorporated byreference herein).

 

(4.5)Poolingand Servicing Agreement, dated as of June 1, 2020, between Banc of AmericaMerrill Lynch Commercial Mortgage Inc., as depositor, Wells Fargo Bank,National Association, as master servicer, CWCapital Asset Management LLC, asspecial servicer, Wells Fargo Bank, National Association, as certificateadministrator, Wilmington Trust, National Association, as trustee, and ParkBridge Lender Services LLC, as operating advisor and asset representationsreviewer, relating to the BANK 2020-BNK27 securitization transaction, pursuantto which the Ralph Lauren HQ New Jersey Mortgage Loan is serviced (filed asExhibit 4.5 to the registrant's Current Report on Form 8-K filed on July 31,2020 under SEC File No. 333-227446-11 and incorporated by referenceherein). 

 

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

 

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

 

33.1 Wells Fargo Bank, National Association, as CertificateAdministrator

 

33.2 Computershare Trust Company, National Association, asServicing Function Participant for the Certificate Administrator (from 11/1/21to 12/31/21)

 

33.3 Wells Fargo Bank, National Association, as Custodian

 

33.4 Computershare Trust Company, National Association, asServicing Function Participant for the Custodian (from 11/1/21 to 12/31/21)

 

33.5Wells Fargo Bank, National Association, as Master Servicer

 

33.6Midland Loan Services, a Division of PNC Bank,National Association, as Special Servicer

 

33.7Park Bridge Lender Services LLC, as OperatingAdvisor

 

33.8CoreLogic Solutions, LLC, as Servicing FunctionParticipant

 

33.9Wells Fargo Bank, National Association, as MasterServicer under the MKT 2020-525M securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 525 Market Street (1/1/21to 12/31/21) (see exhibit 33.5)

 

33.10CoreLogic Solutions, LLC, as Servicing FunctionParticipant under the MKT 2020-525M securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 525 Market Street (1/1/21to 12/31/21) (see exhibit 33.8)

 

33.11KeyBank National Association, as Master Servicerunder the BX 2019-OC11 securitization, pursuant to which the following mortgageloans were serviced by such party: Bellagio Hotel and Casino (1/1/21 to12/31/21)

 

33.12Wells Fargo Bank, National Association, as MasterServicer under the WFCM 2020-C56 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Bushwick MultifamilyPortfolio (1/1/21 to 12/31/21) (see exhibit 33.5)

 

33.13CoreLogic Solutions, LLC, as Servicing FunctionParticipant under the WFCM 2020-C56 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Bushwick MultifamilyPortfolio (1/1/21 to 12/31/21) (see exhibit 33.8)

 

33.14Wells Fargo Bank, National Association, as MasterServicer under the BANK 2020-BNK27 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Ralph Lauren HQ NewJersey (1/1/21 to 12/31/21) (see exhibit 33.5)

 

33.15CoreLogic Solutions, LLC, as Servicing FunctionParticipant under the BANK 2020-BNK27 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Ralph Lauren HQ NewJersey (1/1/21 to 12/31/21) (see exhibit 33.8)

 

33.16Situs Holdings, LLC, as Special Servicer under theMKT 2020-525M securitization, pursuant to which the following mortgage loanswere serviced by such party: 525 Market Street (1/1/21 to 12/31/21)

 

33.17Situs Holdings, LLC, as Special Servicer under theBX 2019-OC11 securitization, pursuant to which the following mortgage loanswere serviced by such party: Bellagio Hotel and Casino (1/1/21 to 12/31/21)(see exhibit 33.16)

 

33.18Midland Loan Services, a Division of PNC Bank,National Association, as Special Servicer under the WFCM 2020-C56securitization, pursuant to which the following mortgage loans were serviced bysuch party: Bushwick Multifamily Portfolio (1/1/21 to 12/31/21) (see exhibit33.6)

 

33.19Wells Fargo Bank, National Association, asCustodian under the MKT 2020-525M securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 525 Market Street (1/1/21to 12/31/21) (see exhibit 33.3)

 

33.20Computershare Trust Company, National Association,as Servicing Function Participant under the MKT 2020-525M securitization,pursuant to which the following mortgage loans were serviced by such party: 525Market Street (11/1/21 to 12/31/21) (see exhibit 33.4)

 

33.21Wells Fargo Bank, National Association, asCustodian under the BX 2019-OC11 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Bellagio Hotel and Casino(1/1/21 to 12/31/21) (see exhibit 33.3)

 

33.22Computershare Trust Company, National Association,as Servicing Function Participant under the BX 2019-OC11 securitization,pursuant to which the following mortgage loans were serviced by such party:Bellagio Hotel and Casino (11/1/21 to 12/31/21) (see exhibit 33.4)

 

33.23Wells Fargo Bank, National Association, asCustodian under the WFCM 2020-C56 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Bushwick MultifamilyPortfolio (1/1/21 to 12/31/21) (see exhibit 33.3)

 

33.24Computershare Trust Company, National Association,as Servicing Function Participant under the WFCM 2020-C56 securitization,pursuant to which the following mortgage loans were serviced by such party:Bushwick Multifamily Portfolio (11/1/21 to 12/31/21) (see exhibit 33.4)

 

33.25Wells Fargo Bank, National Association, asCustodian under the BANK 2020-BNK27 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Ralph Lauren HQ NewJersey (1/1/21 to 12/31/21) (see exhibit 33.3)

 

33.26Computershare Trust Company, National Association,as Servicing Function Participant under the BANK 2020-BNK27 securitization,pursuant to which the following mortgage loans were serviced by such party:Ralph Lauren HQ New Jersey (11/1/21 to 12/31/21) (see exhibit 33.4)

 

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

 

34.1 Wells Fargo Bank, National Association, as CertificateAdministrator

 

34.2 Computershare Trust Company, National Association, asServicing Function Participant for the Certificate Administrator (from 11/1/21to 12/31/21)

 

34.3 Wells Fargo Bank, National Association, as Custodian

 

34.4 Computershare Trust Company, National Association, as ServicingFunction Participant for the Custodian (from 11/1/21 to 12/31/21)

 

34.5Wells Fargo Bank, National Association, as MasterServicer

 

34.6Midland Loan Services, a Division of PNC Bank,National Association, as Special Servicer

 

34.7Park Bridge Lender Services LLC, as OperatingAdvisor

 

34.8CoreLogic Solutions, LLC, as Servicing FunctionParticipant

 

34.9Wells Fargo Bank, National Association, as MasterServicer under the MKT 2020-525M securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 525 Market Street (1/1/21to 12/31/21) (see exhibit 34.5)

 

34.10CoreLogic Solutions, LLC, as Servicing FunctionParticipant under the MKT 2020-525M securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 525 Market Street (1/1/21to 12/31/21) (see exhibit 34.8)

 

34.11KeyBank National Association, as Master Servicerunder the BX 2019-OC11 securitization, pursuant to which the following mortgageloans were serviced by such party: Bellagio Hotel and Casino (1/1/21 to12/31/21)

 

34.12Wells Fargo Bank, National Association, as MasterServicer under the WFCM 2020-C56 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Bushwick MultifamilyPortfolio (1/1/21 to 12/31/21) (see exhibit 34.5)

 

34.13CoreLogic Solutions, LLC, as Servicing FunctionParticipant under the WFCM 2020-C56 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Bushwick MultifamilyPortfolio (1/1/21 to 12/31/21) (see exhibit 34.8)

 

34.14Wells Fargo Bank, National Association, as MasterServicer under the BANK 2020-BNK27 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Ralph Lauren HQ NewJersey (1/1/21 to 12/31/21) (see exhibit 34.5)

 

34.15CoreLogic Solutions, LLC, as Servicing FunctionParticipant under the BANK 2020-BNK27 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Ralph Lauren HQ NewJersey (1/1/21 to 12/31/21) (see exhibit 34.8)

 

34.16Situs Holdings, LLC, as Special Servicer under theMKT 2020-525M securitization, pursuant to which the following mortgage loanswere serviced by such party: 525 Market Street (1/1/21 to 12/31/21)

 

34.17Situs Holdings, LLC, as Special Servicer under theBX 2019-OC11 securitization, pursuant to which the following mortgage loanswere serviced by such party: Bellagio Hotel and Casino (1/1/21 to 12/31/21)(see exhibit 34.16)

 

34.18Midland Loan Services, a Division of PNC Bank, NationalAssociation, as Special Servicer under the WFCM 2020-C56 securitization,pursuant to which the following mortgage loans were serviced by such party:Bushwick Multifamily Portfolio (1/1/21 to 12/31/21) (see exhibit 34.6)

 

34.19Wells Fargo Bank, National Association, asCustodian under the MKT 2020-525M securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 525 Market Street (1/1/21to 12/31/21) (see exhibit 34.3)

 

34.20Computershare Trust Company, National Association,as Servicing Function Participant under the MKT 2020-525M securitization,pursuant to which the following mortgage loans were serviced by such party: 525Market Street (11/1/21 to 12/31/21) (see exhibit 34.4)

 

34.21Wells Fargo Bank, National Association, asCustodian under the BX 2019-OC11 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Bellagio Hotel and Casino(1/1/21 to 12/31/21) (see exhibit 34.3)

 

34.22Computershare Trust Company, National Association,as Servicing Function Participant under the BX 2019-OC11 securitization, pursuantto which the following mortgage loans were serviced by such party: BellagioHotel and Casino (11/1/21 to 12/31/21) (see exhibit 34.4)

 

34.23Wells Fargo Bank, National Association, asCustodian under the WFCM 2020-C56 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Bushwick MultifamilyPortfolio (1/1/21 to 12/31/21) (see exhibit 34.3)

 

34.24Computershare Trust Company, National Association,as Servicing Function Participant under the WFCM 2020-C56 securitization,pursuant to which the following mortgage loans were serviced by such party:Bushwick Multifamily Portfolio (11/1/21 to 12/31/21) (see exhibit 34.4)

 

34.25Wells Fargo Bank, National Association, asCustodian under the BANK 2020-BNK27 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Ralph Lauren HQ NewJersey (1/1/21 to 12/31/21) (see exhibit 34.3)

 

34.26Computershare Trust Company, National Association,as Servicing Function Participant under the BANK 2020-BNK27 securitization,pursuant to which the following mortgage loans were serviced by such party:Ralph Lauren HQ New Jersey (11/1/21 to 12/31/21) (see exhibit 34.4)

 

(35).Servicer compliance statement.

 

35.1 Wells Fargo Bank, National Association, as CertificateAdministrator

 

35.2 Computershare Trust Company, National Association, asServicing Function Participant for the Certificate Administrator (from 11/1/21to 12/31/21)

 

35.3 Wells Fargo Bank, National Association, as Custodian

 

35.4 Computershare Trust Company, National Association, asServicing Function Participant for the Custodian (from 11/1/21 to 12/31/21)

 

35.5Wells Fargo Bank, National Association, as MasterServicer

 

35.6Midland Loan Services, a Division of PNC Bank,National Association, as Special Servicer

 

35.7Wells Fargo Bank, National Association, as MasterServicer under the MKT 2020-525M securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 525 Market Street (1/1/21to 12/31/21) (see exhibit 35.5)

 

35.8Wells Fargo Bank, National Association, as MasterServicer under the WFCM 2020-C56 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Bushwick MultifamilyPortfolio (1/1/21 to 12/31/21) (see exhibit 35.5)

 

35.9Wells Fargo Bank, National Association, as MasterServicer under the BANK 2020-BNK27 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Ralph Lauren HQ NewJersey (1/1/21 to 12/31/21) (see exhibit 35.5)

 

35.10Situs Holdings, LLC, as Special Servicer under theMKT 2020-525M securitization, pursuant to which the following mortgage loanswere serviced by such party: 525 Market Street (1/1/21 to 12/31/21)

 

35.11Situs Holdings, LLC, as Special Servicer under theBX 2019-OC11 securitization, pursuant to which the following mortgage loanswere serviced by such party: Bellagio Hotel and Casino (1/1/21 to 12/31/21)(see Exhibit 35.10)

 

35.12Midland Loan Services, a Division of PNC Bank,National Association, as Special Servicer under the WFCM 2020-C56securitization, pursuant to which the following mortgage loans were serviced bysuch party: Bushwick Multifamily Portfolio (1/1/21 to 12/31/21) (see exhibit35.6)

 

35.13Wells Fargo Bank, National Association, asCustodian under the MKT 2020-525M securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 525 Market Street (1/1/21to 12/31/21) (see exhibit 35.3)

 

35.14Computershare Trust Company, National Association,as Servicing Function Participant under the MKT 2020-525M securitization,pursuant to which the following mortgage loans were serviced by such party: 525Market Street (11/1/21 to 12/31/21) (see exhibit 35.4)

 

35.15Wells Fargo Bank, National Association, asCustodian under the BX 2019-OC11 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Bellagio Hotel and Casino(1/1/21 to 12/31/21) (see exhibit 35.3)

 

35.16Computershare Trust Company, National Association,as Servicing Function Participant under the BX 2019-OC11 securitization,pursuant to which the following mortgage loans were serviced by such party:Bellagio Hotel and Casino (11/1/21 to 12/31/21) (see exhibit 35.4)

 

35.17Wells Fargo Bank, National Association, asCustodian under the WFCM 2020-C56 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Bushwick MultifamilyPortfolio (1/1/21 to 12/31/21) (see exhibit 35.3)

 

35.18Computershare Trust Company, National Association,as Servicing Function Participant under the WFCM 2020-C56 securitization,pursuant to which the following mortgage loans were serviced by such party:Bushwick Multifamily Portfolio (11/1/21 to 12/31/21) (see exhibit 35.4)

 

35.19Wells Fargo Bank, National Association, asCustodian under the BANK 2020-BNK27 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Ralph Lauren HQ NewJersey (1/1/21 to 12/31/21) (see exhibit 35.3)

 

35.20Computershare Trust Company, National Association,as Servicing Function Participant under the BANK 2020-BNK27 securitization,pursuant to which the following mortgage loans were serviced by such party:Ralph Lauren HQ New Jersey (1/1/21 to 12/31/21) (see exhibit 35.4)

 

(99.1)MortgageLoan Purchase Agreement, dated July 23, 2020, between Morgan Stanley Capital IInc. and Morgan Stanley Mortgage Capital Holdings LLC (filed as Exhibit 99.1 tothe registrant's Current Report on Form 8-K filed on July 31, 2020 under SECFile No. 333-227446-11 and incorporated by reference herein).

 

(99.2)MortgageLoan Purchase Agreement, dated July 23, 2020, between Morgan Stanley Capital IInc. and Argentic Real Estate Finance LLC (filed as Exhibit 99.2 to theregistrant's Current Report on Form 8-K filed on July 31, 2020 under SEC FileNo. 333-227446-11 and incorporated by reference herein).

 

(99.3)MortgageLoan Purchase Agreement, dated July 23, 2020, between Morgan Stanley Capital IInc. and Starwood Mortgage Capital LLC (filed as Exhibit 99.3 to theregistrant's Current Report on Form 8-K filed on July 31, 2020 under SEC FileNo. 333-227446-11 and incorporated by reference herein).

 

(99.4)MortgageLoan Purchase Agreement, dated July 23, 2020, between Morgan Stanley Capital I Inc.,Barclays Capital Real Estate Inc. and Barclays Capital Holdings Inc. (filed asExhibit 99.4 to the registrant's Current Report on Form 8-K filed on July 31,2020 under SEC File No. 333-227446-11 and incorporated by reference herein).

 

(99.5)Co-LenderAgreement, dated as of July 31, 2020, between SPREF WH III LLC, as initial noteA-1 holder, SPREF WH III LLC, as initial note A-2 holder, and Goldman SachsBank USA, as initial note A-3 holder, relating to The Liz loan combination(filed as Exhibit 99.5 to the registrant's Current Report on Form 8-K filed onJuly 31, 2020 under SEC File No. 333-227446-11 and incorporated by referenceherein).

 

(99.6)Co-LenderAgreement, dated as of February 26, 2020, between Barclays Bank PLC as theinitial holder of Note A-1 and Note A-2, Barclays Capital Real Estate Inc., asthe initial holder of Note A-3, Note A-8 and Note B-1, Goldman Sachs Bank USA,as the initial holder of Note A-4, Note A-5, Note A-9 and Note B-2, and WellsFargo Bank, National Association, as the initial holder of Note A-6, Note A-7,Note A-10 and Note B-3, relating to the 525 Market Street loan combination(filed as Exhibit 99.6 to the registrant's Current Report on Form 8-K filed onJuly 31, 2020 under SEC File No. 333-227446-11 and incorporated by referenceherein).

 

(99.7)AgreementBetween Note Holders, dated as of December 9, 2019, by and between MorganStanley Bank, N.A., as initial note A-1-S1 holder, initial note A-1-S2 holder,initial note A-1-RL holder, initial note A-1-C1 holder, initial note A-1-C2holder, initial note A-1-C3 holder, initial note A-1-C4 holder, initial noteA-1-C5 holder, initial note B-1-S holder, initial note B-1-RL holder andinitial note C-1-S holder, Citi Real Estate Funding Inc., as initial noteA-2-S1 holder, initial note A-2-S2 holder, initial note A-2-RL holder, initialnote A-2-C1 holder, initial note A-2-C2 holder, initial note A-2-C3 holder,initial note A-2-C4 holder, initial note A-2-C5 holder, initial note B-2-Sholder, initial note B-2-RL holder and initial note C-2-S holder, and JPMorganChase Bank, National Association, as initial note A-3-S1 holder, initial noteA-3-S2 holder, initial note A-3-RL holder, initial note A-3-C1 holder, initialnote A-3-C2 holder, initial note A-3-C3 holder, initial note A-3-C4 holder,initial note A-3-C5 holder, initial note B-3-S holder, initial note B-3-RLholder and initial note C-3-S holder, relating to the Bellagio Hotel and Casinoloan combination (filed as Exhibit 99.7 to the registrant's Current Report onForm 8-K filed on July 31, 2020 under SEC File No. 333-227446-11 andincorporated by reference herein).

 

(99.8)Co-LenderAgreement, dated as of June 1, 2020, by and between SPREF WH III LLC, asinitial note A-1 holder, SPREF WH III LLC, as initial note A-2-1 holder, SPREFWH III LLC, as initial note A-2-2 holder, and SPREF WH III LLC, as initial noteA-3 holder, relating to the Bushwick Multifamily Portfolio loan combination(filed as Exhibit 99.8 to the registrant's Current Report on Form 8-K filed onJuly 31, 2020 under SEC File No. 333-227446-11 and incorporated by referenceherein).

 

(99.9)Co-LenderAgreement, dated as of February 21, 2020, by and between SPREF WH II LLC, asinitial note A-1 holder, SPREF WH II LLC, as initial note A-2 holder, SPREF WHII LLC, as initial note A-3 holder, and SPREF WH II LLC, as initial note A-4holder, relating to the HPE Campus loan combination (filed as Exhibit 99.9 tothe registrant's Current Report on Form 8-K filed on July 31, 2020 under SECFile No. 333-227446-11 and incorporated by reference herein).

 

(99.10)AgreementBetween Noteholders, dated as of June 26, 2020, between Morgan Stanley Bank,N.A., as initial Note A-1 holder, Morgan Stanley Bank, N.A., as initial NoteA-2 holder, and Morgan Stanley Mortgage Capital Holdings LLC, as initial agent,relating to the Ralph Lauren HQ New Jersey loan combination (filed as Exhibit99.10 to the registrant's Current Report on Form 8-K filed on July 31, 2020under SEC File No. 333-227446-11 and incorporated by reference herein). 

 

(99.11)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, N.A., Computershare Delaware Trust Company andComputershare Limited (filed as Exhibit 99.1 to the registrant's Current Reporton Form 8-K filed on November 5, 2021 under SEC File No. 333-227446-11 andincorporated by reference herein).

 

(b)See (a) above.

 

(c) NotApplicable.

 

**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 30, 2022