**UNITED STATESSECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 10-K**

(Mark One)

**x****  ANNUAL REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**For the fiscal year ended December 31, 2023or**

**o**** ****TRANSITIONREPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**For the transition period from _____ to _____Commission file number of the issuing entity: 333-226943-06**

**Central Index Key Number of the issuing entity:0001797288**

**Benchmark 2020-B16 Mortgage Trust**

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

** **

**Central Index Key Number of the depositor: 0001013454**

**Deutsche Mortgage & AssetReceiving Corporation**

**(exact name of the depositor as specified in itscharter)**

** **

**Central Index Key Number of the sponsor: 0001541294**

**German American Capital Corporation**

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

** **

**Central Index Key Number of the sponsor: 0000835271**

**JPMorgan Chase Bank, NationalAssociation**

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

** **

**Central Index Key Number of the sponsor: 0001701238**

**Citi Real Estate Funding Inc.**

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

** **

| **New York****(State or other jurisdiction of  incorporation or organization of**

**the issuing entity)** | **38-4129130**

**38-4129131**

**(I.R.S. Employer**

**Identification Numbers)** |
|------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------|

**c/o Computershare Trust Company, National Association, as agent for**

**Wells Fargo Bank, National Association**

**as Certificate Administrator**

**9062 Old Annapolis Road**

**Columbia, MD**

**(Address of principalexecutive offices of the issuing entity)**

**21045**

**(Zip Code)**

**Registrant’s telephone number,including area code:**

**(212) 250-2500**

Securities registered pursuant to Section 12(b) of the Act:

| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---------------------|-------------------|-------------------------------------------|
| None                |              |                                      |

 

 

Securities registered pursuant to Section 12(g) of theAct:  None.

Indicate by check mark if the registrant is a well-knownseasoned issuer, as defined in Rule 405 of the Securities Act.  o Yes ⌧No

Indicate by check mark if the registrant is not required tofile reports pursuant to Section 13 or Section 15(d) of the Act.  o Yes ⌧No

Indicate by check mark whether the registrant (1) has filedall reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter periodthat the registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days.  ⌧ Yes oNo

Indicate by check mark whether the registrant has submittedelectronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (Section 232.405 of this chapter) during thepreceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).

Not applicable.

Indicate by check mark whether the registrant is a largeaccelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “largeaccelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule 12b-2 of the Exchange Act.

Large acceleratedfiler        o                                                                                                       Accelerated filer                                     o

Non-acceleratedfiler          ⌧                                                                                                      Smaller reportingcompany                    o

                                                                                                                                                       Emerging growthcompany                    o

If an emerging growth company, indicate by check mark if theregistrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant toSection 13(a) of the Exchange Act.  o

Indicate by check mark whether the registrant has filed areport 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. o

If securities are registered pursuant to Section 12(b) of theAct, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issuedfinancial statements. o

Indicate by check mark whether any of those error correctionsare restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during therelevant recovery period pursuant to §240.10D-1(b). o

Indicate by check mark whether the registrant is a shellcompany (as defined in Rule 12b-2 of the Act).  o Yes ⌧ No

State the aggregate market value of the voting and non-votingcommon equity held by non-affiliates computed by reference to the price atwhich the common equity was last sold, or the average bid and asked price ofsuch common equity, as of the last business day of the registrant’s mostrecently completed second fiscal quarter.

Not applicable.

Indicate by check mark whether the registrant has filed alldocuments and reports required to be filed by Section 12, 13 or 15(d) of theSecurities Exchange Act of 1934 subsequent to the distribution of securitiesunder a plan confirmed by a court.  oYes oNo

Not applicable.

Indicate the number of shares outstanding of each of theregistrant’s classes of common stock, as of the latest practicable date.

Not applicable.

**DOCUMENTS INCORPORATED BY REFERENCE**

** **

List hereunder the following documents if incorporated byreference and the Part of the Form 10-K (e.g., Part I, Part II, etc.) intowhich the document is incorporated: (1) Any annual report to security holders;(2) Any proxy or information statement; and (3) Any prospectus filed pursuantto Rule 424(b) or (c) under the Securities Act of 1933. The listed documentsshould be clearly described for identification purposes (e.g., annual report tosecurity holders for fiscal year ended December 24, 1980).

Not applicable.

 

** **

**EXPLANATORY NOTES**

The 3500 Lacey Mortgage Loan and the 560Mission Street Mortgage Loan, which constituted approximately 5.6% and 5.0%,respectively, of the asset pool of the issuing entity as of its cut-off date,are each an asset of the issuing entity and are each part of a loan combinationthat includes (a) with respect to the 3500 Lacey Mortgage Loan, one other *paripassu* loan, which is not an asset of the issuing entity and (b) withrespect to the 560 Mission Street Mortgage Loan, five other *pari passu*loans, which are not assets of the issuing entity. These loan combinations,including the 3500 Lacey Mortgage Loan and the 560 Mission Street MortgageLoan, are being serviced and administered pursuant to the Pooling and ServicingAgreement, which is incorporated by reference as Exhibit 4.1 to this AnnualReport on Form 10-K. 

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the Bellagio Hotel and Casino Mortgage Loan,which constituted approximately 6.7% of the asset pool of the issuing entity asof its cut-off date.  The Bellagio Hotel and Casino Mortgage Loan is anasset of the issuing entity and is part of a loan combination that includes theBellagio Hotel and Casino Mortgage Loan, twenty-one other *pari passu*loans and nine subordinate companion loans, which are not assets of the issuingentity. A *pari passu* portion of the loan combination was securitized inthe BX Trust 2019-OC11 transaction (the “BX 2019-OC11 Transaction”).This loan combination, including the Bellagio Hotel and Casino Mortgage Loan,is being serviced and administered pursuant to the trust and servicingagreement for the BX 2019-OC11 Transaction, which is incorporated by referenceas Exhibit 4.2 to this Annual Report on Form 10-K.

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the 650 Madison Avenue Mortgage Loan, whichconstituted approximately 5.0% of the asset pool of the issuing entity as ofits cut-off date.  The 650 Madison Avenue Mortgage Loan is an asset of theissuing entity and is part of a loan combination that includes the 650 MadisonAvenue Mortgage Loan, twenty other *pari passu* loans and four subordinatecompanion loans, which are not assets of the issuing entity. A *pari passu*portion of the loan combination was securitized in the MAD Commercial MortgageTrust 2019-650M transaction (the “MAD 2019-650M Transaction”). This loancombination, including the 650 Madison Avenue Mortgage Loan, is being servicedand administered pursuant to the trust and servicing agreement for the MAD2019-650M Transaction, which is incorporated by reference as Exhibit 4.3 tothis Annual Report on Form 10-K.

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the 490-504 Myrtle Avenue Mortgage Loan and theGiant Anchored Portfolio Mortgage Loan, which constituted approximately 3.9%and 1.1%, respectively, of the asset pool of the issuing entity as of itscut-off date.  The 490-504 Myrtle Avenue Mortgage Loan and the GiantAnchored Portfolio Mortgage Loan are each an asset of the issuing entity andare each part of a loan combination that includes (a) with respect to the490-504 Myrtle Avenue Mortgage Loan, one other *pari passu* loan, which isnot an asset of the issuing entity or (b) with respect to the Giant AnchoredPortfolio Mortgage Loan, three other *pari passu* loans, which are notassets of the issuing entity. The other *pari passu* portion of each loancombination was securitized in the Citigroup Commercial Mortgage Trust 2019-C7transaction, Commission File Number 333-228597-05 (the “CGCMT 2019-C7Transaction”). These loan combinations, including the 490-504 Myrtle AvenueMortgage Loan and the Giant Anchored Portfolio Mortgage Loan, are beingserviced and administered pursuant to the pooling and servicing agreement forthe CGCMT 2019-C7 Transaction, which is incorporated by reference as Exhibit4.4 to this Annual Report on Form 10-K.

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the 1633 Broadway Mortgage Loan, whichconstituted approximately 5.0% of the asset pool of the issuing entity as ofits cut-off date.  The 1633 Broadway Mortgage Loan is an asset of theissuing entity and is part of a loan combination that includes the 1633Broadway Mortgage Loan, thirty-two other *pari passu* loans and foursubordinate companion loans, which are not assets of the issuing entity. A *paripassu* portion of the loan combination was securitized in the BWAY Trust2019-1633 transaction (the “BWAY 2019-1633 Transaction”). This loancombination, including the 1633 Broadway Mortgage Loan, is being serviced andadministered pursuant to the trust and servicing agreement for the BWAY2019-1633 Transaction, which is incorporated by reference as Exhibit 4.5 tothis Annual Report on Form 10-K.

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the Starwood Industrial Portfolio Mortgage Loanand the 510 East 14th Street Mortgage Loan, which constituted approximately5.0% and 3.9%, respectively, of the asset pool of the issuing entity as of itscut-off date.  The Starwood Industrial Portfolio Mortgage Loan and the 510East 14th Street Mortgage Loan are each an asset of the issuing entity and areeach part of a loan combination that includes (a) with respect to the StarwoodIndustrial Portfolio Mortgage Loan, four other *pari passu* loans and onesubordinate companion loan, which are not assets of the issuing entity or (b)with respect to the 510 East 14th Street Mortgage Loan, two other *pari passu*loans, which are not assets of the issuing entity. A *pari passu* portion ofeach loan combination was securitized in the GS Mortgage Securities Trust2020-GC45 transaction, Commission File Number 333-226082-06 (the “GSMS2020-GC45 Transaction”). These loan combinations, including the StarwoodIndustrial Portfolio Mortgage Loan and the 510 East 14th Street Mortgage Loan,are being serviced and administered pursuant to the pooling and servicingagreement for the GSMS 2020-GC45 Transaction, which is incorporated byreference as Exhibit 4.6 to this Annual Report on Form 10-K.

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the 181 West Madison Mortgage Loan, whichconstituted approximately 4.8% of the asset pool of the issuing entity as ofits cut-off date.  The 181 West Madison Mortgage Loan is an asset of theissuing entity and is part of a loan combination that includes the 181 WestMadison Mortgage Loan, three other *pari passu* loans and one subordinatecompanion loan, which are not assets of the issuing entity. A *pari passu*portion of the loan combination was securitized in the J.P. Morgan ChaseCommercial Mortgage Securities Trust 2020-LOOP transaction (the “JPMCC2020-LOOP Transaction”). This loan combination, including the 181 WestMadison Mortgage Loan, is being serviced and administered pursuant to the trustand servicing agreement for the JPMCC 2020-LOOP Transaction, which isincorporated by reference as Exhibit 4.7 to this Annual Report on Form 10-K.

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the Kings Plaza Mortgage Loan, which constitutedapproximately 5.6% of the asset pool of the issuing entity as of its cut-offdate.  The Kings Plaza Mortgage Loan is an asset of the issuing entity andis part of a loan combination that includes the Kings Plaza Mortgage Loan andeleven other *pari passu* loans, which are not assets of the issuingentity. This loan combination, including the Kings Plaza Mortgage Loan, wasserviced under the Pooling and Servicing Agreement for the issuing entity priorto the closing of the securitization of a *pari passu* portion of theKings Plaza loan combination in the Benchmark 2020-B17 Mortgage Trusttransaction, Commission File Number 333-226123-08 (the “Benchmark 2020-B17Transaction”).  After the closing of the Benchmark 2020-B17Transaction on March 24, 2020, this loan combination, including the Kings PlazaMortgage Loan was, and will continue to be, serviced and administered pursuantto the pooling and servicing agreement with respect to the Benchmark 2020-B17Transaction, which is incorporated by reference as Exhibit 4.8 to this AnnualReport on Form 10-K.

The master servicer of a poolingand servicing agreement or trust and servicing agreement also functions as theprimary servicer of the related mortgage loans serviced and administeredpursuant to such agreement unless a separate primary servicer is identifiedherein.  If this report does not identify a separate primary servicer, theservicer compliance statement provided by the master servicer under any suchagreement also encompasses its responsibilities as primary servicer of therelated mortgage loan or mortgage loans.

Midland Loan Services, a Divisionof PNC Bank, National Association is the master servicer of the mortgage loansserviced under the Pooling and Servicing Agreement, the primary servicer of theKings Plaza Mortgage Loan, the Starwood Industrial Portfolio Mortgage Loan andthe 510 East 14th Street Mortgage Loan and the special servicer of the KingsPlaza Mortgage Loan prior to April 27, 2023 and the 510 East 14th StreetMortgage Loan prior to May 10, 2023. As a result, Midland Loan Services, aDivision of PNC Bank, National Association is a “servicer” as defined in Item1108(a)(2)(iii) of Regulation AB, in the capacities described above, because itis servicing mortgage loans that constituted 10% or more of the assets of theissuing entity as of its cut-off date. The assessments of compliance withapplicable servicing criteria, accountants’ attestation reports and servicercompliance statements delivered by Midland Loan Services, a Division of PNCBank, National Association in the capacities described above are listed in theExhibit Index.

KeyBank National Association isthe special servicer of the mortgage loans serviced under the Pooling andServicing Agreement prior to July 6, 2023 and the primary servicer of theBellagio Hotel and Casino Mortgage Loan, the 1633 Broadway Mortgage Loan, the650 Madison Avenue Mortgage Loan and the 181 West Madison Mortgage Loan. As aresult, KeyBank National Association is a “servicer” as defined in Item1108(a)(2)(iii) of Regulation AB, in the capacities described above, because itis servicing mortgage loans that constituted 10% or more of the assets of theissuing entity as of its cut-off date. The assessments of compliance withapplicable servicing criteria, accountants’ attestation reports and servicercompliance statements delivered by KeyBank National Association in the capacitiesdescribed above are listed in the Exhibit Index.

Wells Fargo Bank, NationalAssociation is the custodian of the mortgage loans serviced under the Poolingand Servicing Agreement, the Bellagio Hotel and Casino Mortgage Loan, the KingsPlaza Mortgage Loan, the Starwood Industrial Portfolio Mortgage Loan, the 1633Broadway Mortgage Loan, the 181 West Madison Mortgage Loan and the 510 East14th Street Mortgage Loan.  As a result, Wells Fargo Bank, NationalAssociation is a servicing function participant in the capacities describedabove, because it is servicing mortgage loans that constituted 5% or more ofthe assets of the issuing entity as of its cut-off date. The assessments ofcompliance with applicable servicing criteria and accountants’ attestationreports delivered by Wells Fargo Bank, National Association in the capacitiesdescribed above are listed in the Exhibit Index.

Park Bridge Lender Services LLC isthe operating advisor of the mortgage loans serviced under the Pooling andServicing Agreement, the Bellagio Hotel and Casino Mortgage Loan and the 181West Madison Mortgage Loan.  As a result, Park Bridge Lender Services LLCis a servicing function participant in the capacities described above, becauseit is servicing mortgage loans that constituted 5% or more of the assets of theissuing entity as of its cut-off date. The assessments of compliance withapplicable servicing criteria and accountants’ attestation reports delivered byPark Bridge Lender Services LLC in the capacities described above are listed inthe Exhibit Index.

Situs Holdings, LLC is the specialservicer of the Bellagio Hotel and Casino Mortgage Loan, the 1633 BroadwayMortgage Loan and the 181 West Madison Mortgage Loan. As a result, SitusHoldings, LLC is a “servicer” as defined in Item 1108(a)(2)(iii) of RegulationAB, in the capacities described above, because it is servicing mortgage loansthat constituted 10% or more of the assets of the issuing entity as of itscut-off date. The assessments of compliance with applicable servicing criteria,accountants’ attestation reports and servicer compliance statements deliveredby Situs Holdings, LLC in the capacities described above are listed in theExhibit Index.

LNR Partners, LLC is the specialservicer of the 650 Madison Avenue Mortgage Loan, the 490-504 Myrtle AvenueMortgage Loan and the Giant Anchored Portfolio Mortgage Loan, which constitutedapproximately 5.0%, 3.9% and 1.1%, respectively, of the asset pool of theissuing entity as of its cut-off date. In accordance with the Compliance andDisclosure Interpretations, Section 200.03 (Rules 13a-18 and 15d-18, Servicer’sAssessment of Compliance), this percentage must be reduced pro rata because itwas only acting as special servicer of the 650 Madison Avenue Mortgage Loanfrom January 1, 2023 to September 17, 2023. As a result, LNR Partners, LLC isan unaffiliated party that, as a result of such pro rata reduction of suchpercentage, is not a “servicer” that meets the criteria in Item 1108(a)(2)(i)through (iii) of Regulation AB and so no servicer compliance statement isrequired.

3650 REIT Loan Servicing LLC isthe special servicer of the 650 Madison Avenue Mortgage Loan, which constitutedapproximately 5.0% of the asset pool of the issuing entity as of its cut-offdate. In accordance with the Compliance and Disclosure Interpretations, Section200.03 (Rules 13a-18 and 15d-18, Servicer’s Assessment of Compliance), thispercentage must be reduced pro rata because it was only acting as specialservicer of the 650 Madison Avenue Mortgage Loan from September 18, 2023 toDecember 31, 2023. As a result, it falls below the de minimis requirements inItem 1122 of Regulation AB and no such assessment or attestation is required.

Citibank, N.A. is the custodian ofthe 650 Madison Avenue Mortgage Loan, the 490-504 Myrtle Avenue Mortgage Loanand the Giant Anchored Portfolio Mortgage Loan.  As a result, Citibank,N.A. is a servicing function participant in the capacities described above,because it is servicing mortgage loans that constituted 5% or more of theassets of the issuing entity as of its cut-off date. The assessments ofcompliance with applicable servicing criteria and accountants’ attestationreports delivered by Citibank, N.A. in the capacities described above arelisted in the Exhibit Index, and exclude the servicing criteria set forth inItems 1122(d)(4)(i) and 1122(d)(4)(ii) of Regulation AB,  relating to themaintenance of collateral or security on pool assets as required by the trustand servicing agreement for the MAD 2019-650M Transaction and the pooling andservicing agreement for the CGCMT 2019-C7 Transaction and the safeguarding ofpool assets and related documents as required by the trust and servicingagreement for the MAD 2019-650M Transaction and the pooling and servicingagreement for the CGCMT 2019-C7 Transaction which servicing criteria have beenassessed by U.S. Bank National Association, as a servicing functionparticipant, as described below in these Explanatory Notes.

Wells FargoBank, National Association is the certificate administrator of the mortgageloans serviced under the Pooling and Servicing Agreement and the primaryservicer of the Giant Anchored Portfolio Mortgage Loan and the 490-504 MyrtleAvenue Mortgage Loan.  As a result, Wells Fargo Bank, National Associationis a “servicer” as defined in Item 1108(a)(2)(iii) of Regulation AB, in thecapacities described above, because it is servicing mortgage loans that constituted10% or more of the assets of the issuing entity as of its cut-off date. Theassessments of compliance with applicable servicing criteria, accountants’attestation reports and servicer compliance statements delivered by Wells FargoBank, National Association in the capacities described above are listed in theExhibit Index.

Pentalpha Surveillance LLC is theoperating advisor of the Kings Plaza Mortgage Loan, the 1633 Broadway MortgageLoan, the Starwood Industrial Portfolio Mortgage Loan, the 510 East 14th StreetMortgage Loan, the 490-504 Myrtle Avenue Mortgage Loan and the Giant AnchoredPortfolio Mortgage Loan.  As a result, Pentalpha Surveillance LLC is aservicing function participant in the capacities described above, because it isservicing mortgage loans that constituted 5% or more of the assets of theissuing entity as of its cut-off date. The assessments of compliance withapplicable servicing criteria and accountants’ attestation reports delivered byPentalpha Surveillance LLC in the capacities described above are listed in theExhibit Index.

K-Star Asset Management LLC is thespecial servicer of the Kings Plaza Mortgage Loan on and after April 27, 2023and the 510 East 14th Street Mortgage Loan on and after May 10, 2023. These mortgage loans constitute more than 5%, but less than 10%, of the poolassets of the issuing entity.  Therefore, the Depositor included in thisAnnual Report on Form 10-K an assessment of compliance with applicableservicing criteria for K-Star Asset Management LLC and an accountants’attestation report pursuant to Item 1122 of Regulation AB because K-Star AssetManagement LLC is servicing more than 5% of the pool assets.  However, theDepositor is not required to include in this Annual Report on Form 10-K aservicer compliance statement pursuant to Item 1123 of Regulation AB of K-StarAsset Management LLC because K-Star Asset Management LLC is an unaffiliatedservicer servicing less than 10% of pool assets.

Wells Fargo Bank, NationalAssociation acts as trustee of the 3500 Lacey Mortgage Loan, the 560 MissionStreet Mortgage Loan, the Bellagio Hotel and Casino Mortgage Loan, the 1633Broadway Mortgage Loan, the Starwood Industrial Portfolio Mortgage Loan, the510 East 14th Street Mortgage Loan, the 181 West Madison Mortgage Loan and theKings Plaza Mortgage Loan.  Pursuant to the Pooling and ServicingAgreement, the trust and servicing agreement for the BX 2019-OC11 Transaction,the trust and servicing agreement for the BWAY 2019-1633 Transaction, thepooling and servicing agreement for the GSMS 2020-GC45 Transaction, the trustand servicing agreement for the JPMCC 2020-LOOP Transaction and the pooling andservicing agreement for the Benchmark 2020-B17 Transaction, the trustee isrequired to provide an assessment of compliance with applicable servicingcriteria solely with respect to Item 1122(d)(2)(iii) of Regulation AB(regarding advances of funds or guarantees regarding collections, cash flows ordistributions, and any interest or other fees charged for such advances, aremade, reviewed and approved as specified in the transaction agreements).However, during the reporting period, the trustee did not perform any servicingfunction with respect to the servicing criteria specified in Item1122(d)(2)(iii) of Regulation AB.  The master servicer or the specialservicer, to the extent required, performed the servicing function identifiedwith respect to Item 1122(d)(2)(iii) of Regulation AB, and each such partyincluded Item 1122(d)(2)(iii) of Regulation AB in the assessment of compliancewith applicable servicing criteria and accountant’s attestation report for thesubject transaction.  As a result, this Annual Report on Form 10-K doesnot include an assessment of compliance with applicable servicing criteria ofthe trustee. One or more other servicers of the 3500 Lacey Mortgage Loan, the560 Mission Street Mortgage Loan, the Bellagio Hotel and Casino Mortgage Loan,the 1633 Broadway Mortgage Loan, the Starwood Industrial Portfolio MortgageLoan, the 510 East 14th Street Mortgage Loan, the 181 West Madison MortgageLoan and the Kings Plaza Mortgage Loan have delivered one or more assessmentsof compliance with respect to Item 1122(d)(2)(iii) of Regulation AB.

Wilmington Trust, NationalAssociation acts as trustee of the 650 Madison Avenue Mortgage Loan, the490-504 Myrtle Avenue Mortgage Loan and the Giant Anchored Portfolio MortgageLoan.  Pursuant to the trust and servicing agreement for the MAD 2019-650MTransaction and the pooling and servicing agreement for the CGCMT 2019-C7 Transaction,the trustee is required to provide an assessment of compliance with applicableservicing criteria solely with respect to Item 1122(d)(2)(iii) of Regulation AB(regarding advances of funds or guarantees regarding collections, cash flows ordistributions, and any interest or other fees charged for such advances, aremade, reviewed and approved as specified in the transaction agreements).However, during the reporting period, the trustee did not perform any servicingfunction with respect to the servicing criteria specified in Item1122(d)(2)(iii) of Regulation AB.  The master servicer or the specialservicer, to the extent required, performed the servicing function identifiedwith respect to Item 1122(d)(2)(iii) of Regulation AB, and each such partyincluded Item 1122(d)(2)(iii) of Regulation AB in the assessment of compliancewith applicable servicing criteria and accountant’s attestation report for thesubject transaction.  As a result, this Annual Report on Form 10-K doesnot include an assessment of compliance with applicable servicing criteria ofthe trustee. One or more other servicers of the 650 Madison Avenue MortgageLoan, the 490-504 Myrtle Avenue Mortgage Loan and the Giant Anchored PortfolioMortgage Loan have delivered one or more assessments of compliance with respectto Item 1122(d)(2)(iii) of Regulation AB.

This Annual Report on Form 10-Kincludes an assessment of compliance with applicable servicing criteria and anaccountant’s attestation report from U.S. Bank National Association. This entitywas engaged by Citibank, N.A., as custodian of the 650 Madison Avenue MortgageLoan, the 490-504 Myrtle Avenue Mortgage Loan and the Giant Anchored PortfolioMortgage Loan, to perform certain custodial services. These custodial servicesare servicing functions included within the servicing criteria set forth inItems 1122(d)(4)(i) and 1122(d)(4)(ii) of Regulation AB. Therefore, under theprinciples-based definition of “servicer” set forth in Item 1101(j) orRegulation AB that looks to the functions that an entity performs, this vendoris a “servicer” for the purposes of Item 1122 of Regulation AB. See Complianceand Disclosure Interpretations, Section 301.01 (Item 1101(j)).

This AnnualReport on Form 10-K includes assessments of compliance with applicableservicing criteria and accountants’ attestation reports from CoreLogicSolutions, LLC.  This entity was engaged by the primary servicer of the490-504 Myrtle Avenue Mortgage Loan and the Giant Anchored Portfolio MortgageLoan to remit tax payments received from the escrow accounts of borrowers tolocal taxing authorities, to report tax amounts due, to verify tax parcelinformation, and to verify non-escrow tax payments. These servicing functionsare included within the servicing criteria set forth in Items 1122(d)(4)(xi)and 1122(d)(4)(xii) of Regulation AB.  Therefore, under theprinciples-based definition of “servicer” set forth in Item 1101(j) ofRegulation AB that looks to the functions that an entity performs, this vendoris a “servicer” for the purposes of Item 1122 of Regulation AB. *See*Compliance and Disclosure Interpretations, Section 301.01 (Item 1101(j)).

This Annual Report on Form 10-Kincludes an assessment of compliance with applicable servicing criteria,accountants’ attestation report and servicer compliance statement fromComputershare Trust Company, National Association (“CTCNA”).  CTCNAwas engaged by Wells Fargo Bank, National Association (“Wells Fargo”),in its capacity as certificate administrator and custodian, to perform certainspecified servicing functions identified in the assessment of compliance withapplicable servicing criteria and accountants’ attestation reports.  WellsFargo engaged CTCNA in connection with the sale of Wells Fargo’s corporatetrust services business to CTCNA and its affiliates.  Further, under theprinciples-based definition of “servicer” set forth in Item 1101(j) ofRegulation AB that looks to the functions that an entity performs, this partyis a “servicer” for the purposes of Item 1123 of Regulation AB.  *See*Compliance and Disclosure Interpretations, Section 301.01 (Item 1101(j))

Theassessments of compliance with applicable servicing criteria, accountants’attestation reports and servicer compliance statements of the certificateadministrator of the Bellagio Hotel and Casino Mortgage Loan, the 1633 BroadwayMortgage Loan, the Starwood Industrial Portfolio Mortgage Loan, the 510 East14th Street Mortgage Loan, the 181 West Madison Mortgage Loan, the Kings PlazaMortgage Loan, the 650 Madison Avenue Mortgage Loan, the 490-504 Myrtle AvenueMortgage Loan and the Giant Anchored Portfolio Mortgage Loan are omitted fromthis Annual Report on Form 10-K as the certificate administrator pursuant tothe related pooling and servicing agreement or trust and servicing agreementdoes not perform any activities that address servicing criteria with respect tothe issuing entity and because they are each not a “servicer” that meets thecriteria in Item 1108(a)(2)(i) through (iii) of Regulation AB.

With respect to the *pari passu*loan combinations that include the Starwood Industrial Portfolio Mortgage Loan,the 510 East 14th Street Mortgage Loan, the Kings Plaza Mortgage Loan and the650 Madison Avenue Mortgage Loan, (i) the report on assessment of compliancewith servicing criteria and attestation report on assessment of compliance withservicing criteria of 3650 REIT Loan Servicing LLC as special servicer of the650 Madison Avenue Mortgage Loan on and after September 18, 2023 listed on theExhibit Index are omitted from this Annual Report on Form 10-K for the reasonsset forth in the Explanatory Notes above; and (ii) the servicer compliancestatements of CWCapital Asset Management LLC as special servicer of theStarwood Industrial Portfolio Mortgage Loan, 3650 REIT Loan Servicing LLC asspecial servicer of the 650 Madison Avenue Mortgage Loan on and after September18, 2023 and K-Star Asset Management LLC as special servicer of the Kings PlazaMortgage Loan on and after April 27, 2023 and the 510 East 14th Street MortgageLoan on and after May 10, 2023, listed on the Exhibit Index are omitted fromthis Annual Report on Form 10-K as they are not required by Item 1123 ofRegulation AB to be included on this Annual Report on Form 10-K because theyare each an unaffiliated party that is not a “servicer” that meets the criteriain Item 1108(a)(2)(i) through (iii) of Regulation AB, and the servicercompliance statement of LNR Partners, LLC as special servicer of the 650Madison Avenue Mortgage Loan prior to September 18, 2023, the 490-504 MyrtleAvenue Mortgage Loan and the Giant Anchored Portfolio Mortgage Loan listed onthe Exhibit Index is omitted from this Annual Report on Form 10-K for thereasons set forth in the Explanatory Notes above.

**PART I**

**Item 1.  Business.**

Omitted.

**Item 1A.  Risk Factors.**

Omitted.

**Item 1B.  Unresolved Staff Comments.**

None.

**Item 1C.  Cybersecurity.**

Omitted.

**Item 2.  Properties.**

Omitted.

**Item 3.  Legal Proceedings.**

Omitted.

**Item 4.  Mine Safety Disclosures.**

Not applicable.

**PART II**

**Item 5.  Market for Registrant’s Common Equity,Related Stockholder Matters and Issuer Purchases of Equity Securities.**

Omitted.

**Item 6.  [Reserved]**

**Item 7.  Management’s Discussion and Analysis ofFinancial Condition and Results of Operations.**

Omitted.

**Item 7A.  Quantitative and Qualitative DisclosuresAbout Market Risk.**

Omitted.

**Item 8.  Financial Statements and Supplementary Data.**

Omitted.

**Item 9.  Changes in and Disagreements WithAccountants on Accounting and Financial Disclosure.**

Omitted.

**Item 9A.  Controls and Procedures.**

Omitted.

**Item 9B.  Other Information.**

None.

**Item 9C.  Disclosure Regarding Foreign Jurisdictionsthat Prevent Inspections.**

None.

**PART III**

**Item 10.  Directors, Executive Officers and CorporateGovernance.**

Omitted.

**Item 11.  Executive Compensation.**

Omitted.

**Item 12.  Security Ownership of Certain BeneficialOwners and Management and Related Stockholder Matters.**

Omitted.

**Item 13.  Certain Relationships and RelatedTransactions, and Director Independence.**

Omitted.

**Item 14.  Principal Accountant Fees and Services.**

Omitted.

**ADDITIONAL DISCLOSURE ITEMS FOR REGULATION AB**

**Item 1112(b) of Regulation AB, Significant ObligorFinancial Information.**

No single obligor represents 10% or more of the pool assetsheld by the issuing entity. 

 

**Item 1114(b)(2) of Regulation AB, Significant EnhancementProvider Financial Information.**

No entity or group of affiliated entities provides any external creditenhancement or other support for the certificates within this transaction asdescribed under Item 1114(a) of Regulation AB.

**Item 1115(b) of Regulation AB, Certain DerivativesInstruments (Financial Information).**

No entity or group of affiliated entities provides anyderivative instruments or other support for the certificates within thistransaction as described under Item 1115 of Regulation AB.

**Item 1117 of Regulation AB, Legal Proceedings.**

The registrant knows of no material pending legal proceedinginvolving the trust or any party related to the trust, other than routinelitigation incidental to the duties of those respective parties, and thefollowing, with respect to Wells Fargo Bank, National Association, ascertificate administrator, as trustee and as custodian. 

In December 2014, Phoenix Light SF Limited (Phoenix Light)and certain related entities filed a complaint in the United States DistrictCourt for the Southern District of New York alleging claims against Wells FargoBank, N.A., in its capacity as trustee for a number of residentialmortgage-backed securities (RMBS) trusts. Complaints raising similarallegations have been filed by Commerzbank AG in the Southern District of NewYork, IKB International and IKB Deutsche Industriebank (together, IKB) in NewYork state court, and Park Royal I LLC and Park Royal II LLC in New York statecourt. In each case, the plaintiffs allege that Wells Fargo Bank, N.A., 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. In July 2022, the district court dismissed Phoenix Light’s claims andcertain of the claims asserted by Commerzbank AG, and subsequently enteredjudgment in each case in favor of Wells Fargo Bank, N.A. In August 2022,Phoenix Light and Commerzbank AG each appealed the district court’s decision tothe United States Court of Appeals for the Second Circuit. Phoenix Lightdismissed its appeal in May 2023, terminating its case. In November 2023, WellsFargo Bank, N.A. entered into an agreement with IKB to resolve IKB’s claims.Wells Fargo Bank, N.A. previously settled two class actions filed byinstitutional investors and an action filed by the National Credit UnionAdministration with similar allegations.

**Item 1119 of Regulation AB, Affiliations and CertainRelationships and Related Transactions.**

The information regarding this Item has been previouslyprovided in the prospectus of the Registrant relating to the issuing entityfiled on February 12, 2020 pursuant to Rule 424(b)(2).

**Item 1122 of Regulation AB, Compliance with ApplicableServicing Criteria.**

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the mortgage loans are attachedhereto under Item 15 to this Annual Report on Form 10-K. Attached as ScheduleII to the Pooling and Servicing Agreement incorporated by reference as Exhibit4.1 to this Annual Report on Form 10-K is a chart identifying the entitiesparticipating in a servicing function for the transaction responsible for eachapplicable servicing criteria set forth in Item 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the Bellagio Hotel and CasinoMortgage Loan, which is being serviced and administered pursuant to the trustand servicing agreement for the BX 2019-OC11 Transaction, are attached heretounder Item 15 to this Annual Report on Form 10-K. Attached as Exhibit L to thetrust and servicing agreement for the BX 2019-OC11 Transaction incorporated byreference as Exhibit 4.2 to this Annual Report on Form 10-K is a chartidentifying the entities participating in a servicing function for the BX2019-OC11 Transaction responsible for each applicable servicing criteria setforth in Item 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the 650 Madison Avenue Mortgage Loan,which is being serviced and administered pursuant to the trust and servicingagreement for the MAD 2019-650M Transaction, are attached hereto under Item 15to this Annual Report on Form 10-K. Attached as Exhibit L to the trust and servicingagreement for the MAD 2019-650M Transaction incorporated by reference asExhibit 4.3 to this Annual Report on Form 10-K is a chart identifying theentities participating in a servicing function for the MAD 2019-650MTransaction responsible for each applicable servicing criteria set forth inItem 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the 490-504 Myrtle Avenue MortgageLoan and the Giant Anchored Portfolio Mortgage Loan, which are being servicedand administered pursuant to the pooling and servicing agreement for the CGCMT2019-C7 Transaction, are attached hereto under Item 15 to this Annual Report onForm 10-K. Attached as Exhibit O to the pooling and servicing agreement for theCGCMT 2019-C7 Transaction incorporated by reference as Exhibit 4.4 to thisAnnual Report on Form 10-K is a chart identifying the entities participating ina servicing function for the CGCMT 2019-C7 Transaction responsible for eachapplicable servicing criteria set forth in Item 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the 1633 Broadway Mortgage Loan,which is being serviced and administered pursuant to the trust and servicingagreement for the BWAY 2019-1633 Transaction, are attached hereto under Item 15to this Annual Report on Form 10-K. Attached as Exhibit L to the trust andservicing agreement for the BWAY 2019-1633 Transaction incorporated byreference as Exhibit 4.5 to this Annual Report on Form 10-K is a chartidentifying the entities participating in a servicing function for the BWAY2019-1633 Transaction responsible for each applicable servicing criteria setforth in Item 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the Starwood Industrial PortfolioMortgage Loan and the 510 East 14th Street Mortgage Loan, which are beingserviced and administered pursuant to the pooling and servicing agreement forthe GSMS 2020-GC45 Transaction, are attached hereto under Item 15 to thisAnnual Report on Form 10-K. Attached as Exhibit AA to the pooling and servicingagreement for the GSMS 2020-GC45 Transaction incorporated by reference asExhibit 4.6 to this Annual Report on Form 10-K is a chart identifying theentities participating in a servicing function for the GSMS 2020-GC45Transaction responsible for each applicable servicing criteria set forth inItem 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the 181 West Madison Mortgage Loan,which is being serviced and administered pursuant to the trust and servicingagreement for the JPMCC 2020-LOOP Transaction, are attached hereto under Item15 to this Annual Report on Form 10-K. Attached as Exhibit L to the trust andservicing agreement for the JPMCC 2020-LOOP Transaction incorporated byreference as Exhibit 4.7 to this Annual Report on Form 10-K is a chartidentifying the entities participating in a servicing function for the JPMCC2020-LOOP Transaction responsible for each applicable servicing criteria setforth in Item 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the Kings Plaza Mortgage Loan, whichis being serviced and administered pursuant to the pooling and servicingagreement for the Benchmark 2020-B17 Transaction, are attached hereto underItem 15 to this Annual Report on Form 10-K. Attached as Exhibit AA to thepooling and servicing agreement for the Benchmark 2020-B17 Transactionincorporated by reference as Exhibit 4.8 to this Annual Report on Form 10-K isa chart identifying the entities participating in a servicing function for theBenchmark 2020-B17 Transaction responsible for each applicable servicingcriteria set forth in Item 1122(d).

**Item 1123 of Regulation AB, Servicer Compliance Statement.**

The servicer compliance statements are attached as Exhibitsto this Annual Report on Form 10-K.

**PART IV**

**Item 15. Exhibit and Financial Statement Schedules**

(a) The following is a list of documents filed as part ofthis Annual Report on Form 10-K:

(1) Not applicable

(2) Not applicable

(3) See below

4.1          Pooling and Servicing Agreement, dated as of February 1,2020, by and among Deutsche Mortgage & Asset Receiving Corporation, asDepositor, Midland Loan Services, a Division of PNC Bank, National Association,as Master Servicer, KeyBank National Association, as Special Servicer, WellsFargo Bank, National Association, as Trustee, Wells Fargo Bank, NationalAssociation, as Certificate Administrator, Paying Agent and Custodian, 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-Kfiled on February 12, 2020 under Commission File No. 333-226943-06 andincorporated by reference herein).

4.2          Trust and Servicing Agreement, dated as of December 1,2019, by and among Morgan Stanley Capital I Inc., as Depositor, KeyBankNational Association, as Servicer, Situs Holdings, LLC, as Special Servicer,Wells Fargo Bank, National Association, as Certificate Administrator, Custodianand Trustee, and Park Bridge Lender Services LLC, as Operating Advisor (filedas Exhibit 4.2 to the registrant’s Current Report on Form 8-K filed on February12, 2020 under Commission File No. 333-226943-06 and incorporated by referenceherein).

4.3          Trust and Servicing Agreement, dated as of December 8, 2019,by and among Citigroup Commercial Mortgage Securities Inc., as Depositor,KeyBank National Association, as Servicer, LNR Partners, LLC, as SpecialServicer, Wilmington Trust, National Association, as Trustee, and Citibank,N.A., as Certificate Administrator (filed as Exhibit 4.5 to the registrant’sCurrent Report on Form 8-K filed on February 12, 2020 under Commission File No.333-226943-06 and incorporated by reference herein).

4.4          Pooling and Servicing Agreement, dated as of December 1,2019, by and among Citigroup Commercial Mortgage Securities Inc., as Depositor,Wells Fargo Bank, National Association, as Master Servicer, LNR Partners, LLC,as Special Servicer, Pentalpha Surveillance LLC, as Operating Advisor and AssetRepresentations Reviewer, Citibank, N.A., as Certificate Administrator, andWilmington Trust, National Association, as Trustee (filed as Exhibit 4.7 to theregistrant’s Current Report on Form 8-K filed on February 12, 2020 underCommission File No. 333-226943-06 and incorporated by reference herein).

4.5          Trust and Servicing Agreement, dated as of December 20,2019, by and among GS Mortgage Securities Corporation II, as Depositor, KeyBankNational Association, as Servicer, Situs Holdings, LLC, as Special Servicer,Wells Fargo Bank, National Association, as Certificate Administrator, Custodianand Trustee, and Pentalpha Surveillance LLC, as Operating Advisor (filed asExhibit 4.3 to the registrant’s Current Report on Form 8-K filed on February 12,2020 under Commission File No. 333-226943-06 and incorporated by referenceherein).

4.6          Pooling and Servicing Agreement, dated as of January 1,2020, by and among GS Mortgage Securities Corporation II, as Depositor, MidlandLoan Services, a Division of PNC Bank, National Association, as Master Servicerand as General Special Servicer, CWCapital Asset Management LLC, as StarwoodSpecial Servicer, Wells Fargo Bank, National Association, as CertificateAdministrator and as Trustee, and Pentalpha Surveillance LLC, as OperatingAdvisor and as Asset Representations Reviewer (filed as Exhibit 4.4 to theregistrant’s Current Report on Form 8-K filed on February 12, 2020 underCommission File No. 333-226943-06 and incorporated by reference herein).

4.7          Trust and Servicing Agreement, dated as of February 5,2020, by and among J.P. Morgan Chase Commercial Mortgage Securities Corp., asDepositor, KeyBank National Association, as Servicer, Situs Holdings, LLC, asSpecial Servicer, Wells Fargo Bank, National Association, as CertificateAdministrator and as Trustee, and Park Bridge Lender Services LLC, as OperatingAdvisor (filed as Exhibit 4.6 to the registrant’s Current Report on Form 8-Kfiled on February 12, 2020 under Commission File No. 333-226943-06 andincorporated by reference herein).

4.8          Pooling and Servicing Agreement, dated as of March 1,2020, by and among J.P. Morgan Chase Commercial Mortgage Securities Corp., asDepositor, Midland Loan Services, a Division of PNC Bank, National Association,as Master Servicer, Midland Loan Services, a Division of PNC Bank, National Association,as Special Servicer, Wells Fargo Bank, National Association, as CertificateAdministrator, Wells Fargo Bank, National Association, as Trustee, andPentalpha Surveillance LLC, as Operating Advisor and as Asset RepresentationsReviewer (filed as Exhibit 4.1 to the registrant’s Current Report on Form 8-Kfiled on March 30, 2020 under Commission File No. 333-226943-06 andincorporated by reference herein).

4.9          Agreement Between Note Holders, dated as of December 9,2019, by and between Morgan Stanley 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-C1Holder, Initial Note A-1-C2 Holder, Initial Note A-1-C3 Holder, Initial NoteA-1-C4 Holder, Initial Note A-1-C5 Holder, Initial Note B-1-S Holder, InitialNote B-1-RL Holder and Initial Note C-1-S Holder, Citi Real Estate FundingInc., as Initial Note A-2-S1 Holder, Initial Note A-2-S2 Holder, Initial NoteA-2-RL Holder, Initial Note A-2-C1 Holder, Initial Note A-2-C2 Holder, InitialNote A-2-C3 Holder, Initial Note A-2-C4 Holder, Initial Note A-2-C5 Holder,Initial Note B-2-S Holder, Initial Note B-2-RL Holder and Initial Note C-2-SHolder, and JPMorgan Chase Bank, National Association, as Initial Note A-3-S1Holder, Initial Note A-3-S2 Holder, Initial Note A-3-RL Holder, Initial NoteA-3-C1 Holder, Initial Note A-3-C2 Holder, Initial Note A-3-C3 Holder, InitialNote A-3-C4 Holder, Initial Note A-3-C5 Holder, Initial Note B-3-S Holder,Initial Note B-3-RL Holder and Initial Note C-3-S Holder (filed as Exhibit 4.8to the registrant’s Current Report on Form 8-K filed on February 12, 2020 underCommission File No. 333-226943-06 and incorporated by reference herein).

4.10         Co-Lender Agreement, dated as of December 3, 2019, by andamong JPMorgan Chase Bank, National Association, as Initial Note 1 Holder,Societe Generale Financial Corporation, as Initial Note 2 Holder, and WellsFargo Bank, National Association, as Initial Note 3 Holder (filed as Exhibit4.9 to the registrant’s Current Report on Form 8-K filed on February 12, 2020under Commission File No. 333-226943-06 and incorporated by reference herein).

4.11         Co-Lender Agreement, dated as of February 7, 2020, by andbetween JPMorgan Chase Bank, National Association, as Initial Note A-1 Holder,and JPMorgan Chase Bank, National Association, as Initial Note A-2 Holder (filedas Exhibit 4.10 to the registrant’s Current Report on Form 8-K filed onFebruary 12, 2020 under Commission File No. 333-226943-06 and incorporated byreference herein).

4.12         Agreement Between Noteholders, dated as of January 30,2020, by and between DBR Investments Co. Limited, as Initial Note A-1-1 Holder,DBR Investments Co. Limited, as Initial Note A-1-2-A Holder, DBR InvestmentsCo. Limited, as Initial Note A-1-2-B Holder, DBR Investments Co. Limited, asInitial Note A-1-3 Holder, and DBR Investments Co. Limited, as Initial NoteA-1-4 Holder, and Bank of America, N.A., as Initial Note A-2-A Holder, and Bankof America, N.A., as Initial A-2-B Holder (filed as Exhibit 4.11 to theregistrant’s Current Report on Form 8-K filed on February 12, 2020 underCommission File No. 333-226943-06 and incorporated by reference herein).

4.13         Co-Lender Agreement, dated as of December 20, 2019, byand among Goldman Sachs Bank USA, as Initial Note A-1-S-1 Holder, Initial NoteA-1-C-1 Holder, Initial Note A-1-C-2 Holder, Initial Note A-1-C-3 Holder,Initial Note A-1-C-4 Holder, Initial Note A-1-C-5 Holder, Initial Note A-1-C-6Holder, Initial Note A-1-C-7 Holder and Initial Note B-1 Holder, DBRInvestments Co. Limited, as Initial Note A-2-S-1 Holder, Initial Note A-2-C-1Holder, Initial Note A-2-C-2 Holder, Initial Note A-2-C-3 Holder, Initial NoteA-2-C-4 Holder, Initial Note A-2-C-5 Holder, Initial Note A-2-C-6 Holder,Initial Note A-2-C-7 Holder and Initial Note B-2 Holder, JPMorgan Chase Bank,National Association, as Initial Note A-3-S-1 Holder, Initial Note A-3-C-1Holder, Initial Note A-3-C-2 Holder, Initial Note A-3-C-3 Holder, Initial NoteA-3-C-4 Holder, Initial Note A-3-C-5 Holder, Initial Note A-3-C-6 Holder,Initial Note A-3-C-7 Holder and Initial Note B-3 Holder, and Wells Fargo Bank,National Association, as Initial Note A-4-S-1 Holder, Initial Note A-4-C-1Holder, Initial Note A-4-C-2 Holder, Initial Note A-4-C-3 Holder, Initial NoteA-4-C-4 Holder, Initial Note A-4-C-5 Holder, Initial Note A-4-C-6 Holder,Initial Note A-4-C-7 Holder and Initial Note B-4 Holder (filed as Exhibit 4.12to the registrant’s Current Report on Form 8-K filed on February 12, 2020 underCommission File No. 333-226943-06 and incorporated by reference herein).

4.14         Agreement Between Noteholders, dated as of January 30,2020, by and between DBR Investments Co. Limited, as Initial Note A-1 Holder,DBR Investments Co. Limited, as Initial Note A-2-1 Holder, DBR Investments Co.Limited, as Initial Note A-2-2 Holder, DBR Investments Co. Limited, as InitialNote A-3-1 Holder, DBR Investments Co. Limited, as Initial Note A-3-2 Holder,DBR Investments Co. Limited, as Initial Note A-4 Holder, and DBR InvestmentsCo. Limited, as Initial Note B Holder (filed as Exhibit 4.13 to the registrant’sCurrent Report on Form 8-K filed on February 12, 2020 under Commission File No.333-226943-06 and incorporated by reference herein).

4.15         Agreement Between Noteholders, dated as of November 26,2019, by and among Citi Real Estate Funding Inc., as Initial Note A-1 Holderand Initial Note A-4 Holder, Goldman Sachs Bank USA, as Initial Note A-2 Holderand Initial Note A-5 Holder, Barclays Capital Real Estate Inc., as Initial NoteA-3 Holder and Initial Note A-6 Holder, BMO Harris Bank N.A., as Initial NoteA-7 Holder, Citi Real Estate Funding Inc., as Initial Note B-1 Holder, GoldmanSachs Bank USA, as Initial Note B-2 Holder, Barclays Capital Real Estate Inc.,as Initial Note B-3 Holder, and BMO Harris Bank N.A., as Initial Note B-4Holder (filed as Exhibit 4.14 to the registrant’s Current Report on Form 8-Kfiled on February 12, 2020 under Commission File No. 333-226943-06 andincorporated by reference herein).

4.16         Co-Lender Agreement, dated as of February 5, 2020, by andbetween JPMorgan Chase Bank, National Association, as Initial Note A-1 Holder,JPMorgan Chase Bank, National Association, as Initial Note A-2 Holder, JPMorganChase Bank, National Association, as Initial Note A-3 Holder, JPMorgan ChaseBank, National Association, as Initial Note A-4 Holder, and JPMorgan ChaseBank, National Association, as Initial Note B Holder (filed as Exhibit 4.15 tothe registrant’s Current Report on Form 8-K filed on February 12, 2020 underCommission File No. 333-226943-06 and incorporated by reference herein).

4.17         Co-Lender Agreement, dated as of January 29, 2020, by andbetween Citi Real Estate Funding Inc., as Initial Note A-1-1 Holder, Citi RealEstate Funding Inc., as Initial Note A-1-2 Holder, and Citi Real Estate FundingInc., as Initial Note A-2 Holder (filed as Exhibit 4.16 to the registrant’sCurrent Report on Form 8-K filed on February 12, 2020 under Commission File No.333-226943-06 and incorporated by reference herein).

4.18         Co-Lender Agreement, dated as of December 4, 2019, by andbetween Citi Real Estate Funding Inc., as Initial Note A-1 Holder, and CitiReal Estate Funding Inc., as Initial Note A-2 Holder (filed as Exhibit 4.17 tothe registrant’s Current Report on Form 8-K filed on February 12, 2020 underCommission File No. 333-226943-06 and incorporated by reference herein).

4.19         Agreement Between Note Holders, dated as of November 26,2019, by and between Citi Real Estate Funding Inc., as Initial Note A-1-AHolder, Citi Real Estate Funding Inc., as Initial Note A-1-B Holder, WellsFargo Bank, National Association, as Initial Note A-2-A Holder, and Wells FargoBank, National Association, as Initial Note A-2-B Holder (filed as Exhibit 4.18to the registrant’s Current Report on Form 8-K filed on February 12, 2020 underCommission File No. 333-226943-06 and incorporated by reference herein).

 

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

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

33.1        Midland Loan Services, a Division of PNC Bank,National Association, as Master Servicer

33.2        KeyBank National Association, as Special Servicerprior to July 6, 2023

33.3        Argentic Services Company LP, as Special Serviceron and after July 6, 2023

33.4        Wells Fargo Bank, National Association, as Trusteeand Certificate Administrator

33.5        Wells Fargo Bank, National Association, asCustodian

33.6        Park Bridge Lender Services LLC, as OperatingAdvisor

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

33.8        Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian

33.9        Midland Loan Services, a Division of PNC Bank, NationalAssociation, as Primary Servicer of the 3500 Lacey Mortgage Loan (see Exhibit33.1)

33.10      KeyBank National Association, as Special Servicerof the 3500 Lacey Mortgage Loan prior to July 6, 2023 (see Exhibit 33.2)

33.11      Argentic Services Company LP, as Special Servicerof the 3500 Lacey Mortgage Loan on and after July 6, 2023 (see Exhibit 33.3)

33.12      Wells Fargo Bank, National Association, as Trustee of the 3500 Lacey MortgageLoan (Omitted. See Explanatory Notes.)

33.13      Wells Fargo Bank, National Association, asCustodian of the 3500 Lacey Mortgage Loan (see Exhibit 33.5)

33.14      Park Bridge Lender Services LLC, as OperatingAdvisor of the 3500 Lacey Mortgage Loan (see Exhibit 33.6)

33.15      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 33.8)

33.16      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the 560 Mission Street MortgageLoan (see Exhibit 33.1)

33.17      KeyBank National Association, as Special Servicerof the 560 Mission Street Mortgage Loan prior to July 6, 2023 (see Exhibit33.2)

33.18      Argentic Services Company LP, as Special Servicerof the 560 Mission Street Mortgage Loan on and after July 6, 2023 (see Exhibit33.3)

33.19      Wells Fargo Bank, National Association, as Trustee of the 560 Mission StreetMortgage Loan (Omitted. See Explanatory Notes.)

33.20      Wells Fargo Bank, National Association, asCustodian of the 560 Mission Street Mortgage Loan (see Exhibit 33.5)

33.21      Park Bridge Lender Services LLC, as OperatingAdvisor of the 560 Mission Street Mortgage Loan (see Exhibit 33.6)

33.22      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 33.8)

33.23      KeyBank National Association, as Primary Servicerof the Bellagio Hotel and Casino Mortgage Loan (see Exhibit 33.2)

33.24      Situs Holdings, LLC, as Special Servicer of theBellagio Hotel and Casino Mortgage Loan

33.25      Wells Fargo Bank, National Association, as Trustee of the Bellagio Hotel andCasino Mortgage Loan (Omitted. See Explanatory Notes.)

33.26      Wells Fargo Bank, National Association, asCustodian of the Bellagio Hotel and Casino Mortgage Loan (see Exhibit 33.5)

33.27      Park Bridge Lender Services LLC, as OperatingAdvisor of the Bellagio Hotel and Casino Mortgage Loan (see Exhibit 33.6)

33.28      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 33.8)

33.29      KeyBank National Association, as Primary Servicerof the 650 Madison Avenue Mortgage Loan (see Exhibit 33.2)

33.30      LNR Partners, LLC, as Special Servicer of the 650Madison Avenue Mortgage Loan prior to September 18, 2023

33.31      3650 REIT Loan Servicing LLC, as Special Servicer of the 650 Madison AvenueMortgage Loan on and after September 18, 2023 (Omitted. See Explanatory Notes.)

33.32      Wilmington Trust, National Association, as Trustee of the 650 Madison AvenueMortgage Loan (Omitted. See Explanatory Notes.)

33.33      Citibank, N.A., as Custodian of the 650 MadisonAvenue Mortgage Loan

33.34      U.S. Bank National Association, as ServicingFunction Participant of the 650 Madison Avenue Mortgage Loan

33.35      Wells Fargo Bank, National Association, as PrimaryServicer of the 490-504 Myrtle Avenue Mortgage Loan

33.36      LNR Partners, LLC, as Special Servicer of the 490-504Myrtle Avenue Mortgage Loan (see Exhibit 33.30)

33.37      Wilmington Trust, National Association, as Trustee of the 490-504 Myrtle AvenueMortgage Loan (Omitted. See Explanatory Notes.)

33.38      Citibank, N.A., as Custodian of the 490-504 MyrtleAvenue Mortgage Loan (see Exhibit 33.33)

33.39      Pentalpha Surveillance LLC, as Operating Advisorof the 490-504 Myrtle Avenue Mortgage Loan

33.40      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the 490-504 Myrtle Avenue Mortgage Loan

33.41      U.S. Bank National Association, as ServicingFunction Participant of the 490-504 Myrtle Avenue Mortgage Loan (see Exhibit33.34)

33.42      Wells Fargo Bank, National Association, as PrimaryServicer of the Giant Anchored Portfolio Mortgage Loan (see Exhibit 33.35)

33.43      LNR Partners, LLC, as Special Servicer of theGiant Anchored Portfolio Mortgage Loan (see Exhibit 33.30)

33.44      Wilmington Trust, National Association, as Trustee of the Giant AnchoredPortfolio Mortgage Loan (Omitted. See Explanatory Notes.)

33.45      Citibank, N.A., as Custodian of the Giant AnchoredPortfolio Mortgage Loan (see Exhibit 33.33)

33.46      Pentalpha Surveillance LLC, as Operating Advisorof the Giant Anchored Portfolio Mortgage Loan (see Exhibit 33.39)

33.47      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the Giant Anchored Portfolio Mortgage Loan (see Exhibit 33.40)

33.48      U.S. Bank National Association, as ServicingFunction Participant of the Giant Anchored Portfolio Mortgage Loan (see Exhibit33.34)

33.49      KeyBank National Association, as Primary Servicerof the 1633 Broadway Mortgage Loan (see Exhibit 33.2)

33.50      Situs Holdings, LLC, as Special Servicer of the1633 Broadway Mortgage Loan (see Exhibit 33.24)

33.51      Wells Fargo Bank, National Association, as Trustee of the 1633 BroadwayMortgage Loan (Omitted. See Explanatory Notes.)

33.52      Wells Fargo Bank, National Association, asCustodian of the 1633 Broadway Mortgage Loan (see Exhibit 33.5)

33.53      Pentalpha Surveillance LLC, as Operating Advisorof the 1633 Broadway Mortgage Loan (see Exhibit 33.39)

33.54      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 33.8)

33.55      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Starwood Industrial PortfolioMortgage Loan (see Exhibit 33.1)

33.56      CWCapital Asset Management LLC, as SpecialServicer of the Starwood Industrial Portfolio Mortgage Loan

33.57      Wells Fargo Bank, National Association, as Trustee of the Starwood IndustrialPortfolio Mortgage Loan (Omitted. See Explanatory Notes.)

33.58      Wells Fargo Bank, National Association, asCustodian of the Starwood Industrial Portfolio Mortgage Loan (see Exhibit 33.5)

33.59      Pentalpha Surveillance LLC, as Operating Advisorof the Starwood Industrial Portfolio Mortgage Loan (see Exhibit 33.39)

33.60      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 33.8)

33.61      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the 510 East 14th Street MortgageLoan (see Exhibit 33.1)

33.62      Midland Loan Services, a Division of PNC Bank,National Association, as Special Servicer of the 510 East 14th Street MortgageLoan prior to May 10, 2023 (see Exhibit 33.1)

33.63      K-Star Asset Management LLC, as Special Servicerof the 510 East 14th Street Mortgage Loan on and after May 10, 2023

33.64      Wells Fargo Bank, National Association, as Trustee of the 510 East 14th StreetMortgage Loan (Omitted. See Explanatory Notes.)

33.65      Wells Fargo Bank, National Association, asCustodian of the 510 East 14th Street Mortgage Loan (see Exhibit 33.5)

33.66      Pentalpha Surveillance LLC, as Operating Advisorof the 510 East 14th Street Mortgage Loan (see Exhibit 33.39)

33.67      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 33.8)

33.68      KeyBank National Association, as Primary Servicerof the 181 West Madison Mortgage Loan (see Exhibit 33.2)

33.69      Situs Holdings, LLC, as Special Servicer of the181 West Madison Mortgage Loan (see Exhibit 33.24)

33.70      Wells Fargo Bank, National Association, as Trustee of the 181 West MadisonMortgage Loan (Omitted. See Explanatory Notes.)

33.71      Wells Fargo Bank, National Association, asCustodian of the 181 West Madison Mortgage Loan (see Exhibit 33.5)

33.72      Park Bridge Lender Services LLC, as OperatingAdvisor of the 181 West Madison Mortgage Loan (see Exhibit 33.6)

33.73      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 33.8)

33.74      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Kings Plaza Mortgage Loan (seeExhibit 33.1)

33.75      Midland Loan Services, a Division of PNC Bank,National Association, as Special Servicer of the Kings Plaza Mortgage Loanprior to April 27, 2023 (see Exhibit 33.1)

33.76      K-Star Asset Management LLC, as Special Servicerof the Kings Plaza Mortgage Loan on and after April 27, 2023 (see Exhibit33.63)

33.77      Wells Fargo Bank, National Association, as Trustee of the Kings Plaza MortgageLoan (Omitted. See Explanatory Notes.)

33.78      Wells Fargo Bank, National Association, asCustodian of the Kings Plaza Mortgage Loan (see Exhibit 33.5)

33.79      Pentalpha Surveillance LLC, as Operating Advisorof the Kings Plaza Mortgage Loan (see Exhibit 33.39)

33.80      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 33.8)

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

34.1        Midland Loan Services, a Division of PNC Bank,National Association, as Master Servicer

34.2        KeyBank National Association, as Special Servicerprior to July 6, 2023

34.3        Argentic Services Company LP, as Special Serviceron and after July 6, 2023

34.4        Wells Fargo Bank, National Association, as Trusteeand Certificate Administrator

34.5        Wells Fargo Bank, National Association, asCustodian

34.6        Park Bridge Lender Services LLC, as OperatingAdvisor

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

34.8        Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian

34.9        Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the 3500 Lacey Mortgage Loan (seeExhibit 34.1)

34.10      KeyBank National Association, as Special Servicerof the 3500 Lacey Mortgage Loan prior to July 6, 2023 (see Exhibit 34.2)

34.11      Argentic Services Company LP, as Special Servicerof the 3500 Lacey Mortgage Loan on and after July 6, 2023 (see Exhibit 34.3)

34.12      Wells Fargo Bank, National Association, as Trustee of the 3500 Lacey MortgageLoan (Omitted. See Explanatory Notes.)

34.13      Wells Fargo Bank, National Association, asCustodian of the 3500 Lacey Mortgage Loan (see Exhibit 34.5)

34.14      Park Bridge Lender Services LLC, as OperatingAdvisor of the 3500 Lacey Mortgage Loan (see Exhibit 34.6)

34.15      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 34.8)

34.16      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the 560 Mission Street MortgageLoan (see Exhibit 34.1)

34.17      KeyBank National Association, as Special Servicerof the 560 Mission Street Mortgage Loan prior to July 6, 2023 (see Exhibit34.2)

34.18      Argentic Services Company LP, as Special Servicer ofthe 560 Mission Street Mortgage Loan on and after July 6, 2023 (see Exhibit34.3)

34.19      Wells Fargo Bank, National Association, as Trustee of the 560 Mission StreetMortgage Loan (Omitted. See Explanatory Notes.)

34.20      Wells Fargo Bank, National Association, asCustodian of the 560 Mission Street Mortgage Loan (see Exhibit 34.5)

34.21      Park Bridge Lender Services LLC, as OperatingAdvisor of the 560 Mission Street Mortgage Loan (see Exhibit 34.6)

34.22      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 34.8)

34.23      KeyBank National Association, as Primary Servicerof the Bellagio Hotel and Casino Mortgage Loan (see Exhibit 34.2)

34.24      Situs Holdings, LLC, as Special Servicer of theBellagio Hotel and Casino Mortgage Loan

34.25      Wells Fargo Bank, National Association, as Trustee of the Bellagio Hotel andCasino Mortgage Loan (Omitted. See Explanatory Notes.)

34.26      Wells Fargo Bank, National Association, asCustodian of the Bellagio Hotel and Casino Mortgage Loan (see Exhibit 34.5)

34.27      Park Bridge Lender Services LLC, as OperatingAdvisor of the Bellagio Hotel and Casino Mortgage Loan (see Exhibit 34.6)

34.28      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 34.8)

34.29      KeyBank National Association, as Primary Servicerof the 650 Madison Avenue Mortgage Loan (see Exhibit 34.2)

34.30      LNR Partners, LLC, as Special Servicer of the 650Madison Avenue Mortgage Loan prior to September 18, 2023

34.31      3650 REIT Loan Servicing LLC, as Special Servicer of the 650 Madison AvenueMortgage Loan on and after September 18, 2023 (Omitted. See Explanatory Notes.)

34.32      Wilmington Trust, National Association, as Trustee of the 650 Madison AvenueMortgage Loan (Omitted. See Explanatory Notes.)

34.33      Citibank, N.A., as Custodian of the 650 MadisonAvenue Mortgage Loan

34.34      U.S. Bank National Association, as ServicingFunction Participant of the 650 Madison Avenue Mortgage Loan

34.35      Wells Fargo Bank, National Association, as PrimaryServicer of the 490-504 Myrtle Avenue Mortgage Loan

34.36      LNR Partners, LLC, as Special Servicer of the490-504 Myrtle Avenue Mortgage Loan (see Exhibit 34.30)

34.37      Wilmington Trust, National Association, as Trustee of the 490-504 Myrtle AvenueMortgage Loan (Omitted. See Explanatory Notes.)

34.38      Citibank, N.A., as Custodian of the 490-504 MyrtleAvenue Mortgage Loan (see Exhibit 34.33)

34.39      Pentalpha Surveillance LLC, as Operating Advisorof the 490-504 Myrtle Avenue Mortgage Loan

34.40      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the 490-504 Myrtle Avenue Mortgage Loan

34.41      U.S. Bank National Association, as ServicingFunction Participant of the 490-504 Myrtle Avenue Mortgage Loan (see Exhibit34.34)

34.42      Wells Fargo Bank, National Association, as PrimaryServicer of the Giant Anchored Portfolio Mortgage Loan (see Exhibit 34.35)

34.43      LNR Partners, LLC, as Special Servicer of theGiant Anchored Portfolio Mortgage Loan (see Exhibit 34.30)

34.44      Wilmington Trust, National Association, as Trustee of the Giant AnchoredPortfolio Mortgage Loan (Omitted. See Explanatory Notes.)

34.45      Citibank, N.A., as Custodian of the Giant AnchoredPortfolio Mortgage Loan (see Exhibit 34.33)

34.46      Pentalpha Surveillance LLC, as Operating Advisorof the Giant Anchored Portfolio Mortgage Loan (see Exhibit 34.39)

34.47      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the Giant Anchored Portfolio Mortgage Loan (see Exhibit 34.40)

34.48      U.S. Bank National Association, as ServicingFunction Participant of the Giant Anchored Portfolio Mortgage Loan (see Exhibit34.34)

34.49      KeyBank National Association, as Primary Servicerof the 1633 Broadway Mortgage Loan (see Exhibit 34.2)

34.50      Situs Holdings, LLC, as Special Servicer of the1633 Broadway Mortgage Loan (see Exhibit 34.24)

34.51      Wells Fargo Bank, National Association, as Trustee of the 1633 BroadwayMortgage Loan (Omitted. See Explanatory Notes.)

34.52      Wells Fargo Bank, National Association, as Custodianof the 1633 Broadway Mortgage Loan (see Exhibit 34.5)

34.53      Pentalpha Surveillance LLC, as Operating Advisorof the 1633 Broadway Mortgage Loan (see Exhibit 34.39)

34.54      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 34.8)

34.55      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Starwood Industrial PortfolioMortgage Loan (see Exhibit 34.1)

34.56      CWCapital Asset Management LLC, as SpecialServicer of the Starwood Industrial Portfolio Mortgage Loan

34.57      Wells Fargo Bank, National Association, as Trustee of the Starwood IndustrialPortfolio Mortgage Loan (Omitted. See Explanatory Notes.)

34.58      Wells Fargo Bank, National Association, asCustodian of the Starwood Industrial Portfolio Mortgage Loan (see Exhibit 34.5)

34.59      Pentalpha Surveillance LLC, as Operating Advisorof the Starwood Industrial Portfolio Mortgage Loan (see Exhibit 34.39)

34.60      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 34.8)

34.61      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the 510 East 14th Street MortgageLoan (see Exhibit 34.1)

34.62      Midland Loan Services, a Division of PNC Bank,National Association, as Special Servicer of the 510 East 14th Street MortgageLoan prior to May 10, 2023 (see Exhibit 34.1)

34.63      K-Star Asset Management LLC, as Special Servicerof the 510 East 14th Street Mortgage Loan on and after May 10, 2023

34.64      Wells Fargo Bank, National Association, as Trustee of the 510 East 14th StreetMortgage Loan (Omitted. See Explanatory Notes.)

34.65      Wells Fargo Bank, National Association, asCustodian of the 510 East 14th Street Mortgage Loan (see Exhibit 34.5)

34.66      Pentalpha Surveillance LLC, as Operating Advisorof the 510 East 14th Street Mortgage Loan (see Exhibit 34.39)

34.67      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 34.8)

34.68      KeyBank National Association, as Primary Servicerof the 181 West Madison Mortgage Loan (see Exhibit 34.2)

34.69      Situs Holdings, LLC, as Special Servicer of the181 West Madison Mortgage Loan (see Exhibit 34.24)

34.70      Wells Fargo Bank, National Association, as Trustee of the 181 West MadisonMortgage Loan (Omitted. See Explanatory Notes.)

34.71      Wells Fargo Bank, National Association, asCustodian of the 181 West Madison Mortgage Loan (see Exhibit 34.5)

34.72      Park Bridge Lender Services LLC, as OperatingAdvisor of the 181 West Madison Mortgage Loan (see Exhibit 34.6)

34.73      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 34.8)

34.74      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Kings Plaza Mortgage Loan (seeExhibit 34.1)

34.75      Midland Loan Services, a Division of PNC Bank,National Association, as Special Servicer of the Kings Plaza Mortgage Loanprior to April 27, 2023 (see Exhibit 34.1)

34.76      K-Star Asset Management LLC, as Special Servicerof the Kings Plaza Mortgage Loan on and after April 27, 2023 (see Exhibit34.63)

34.77      Wells Fargo Bank, National Association, as Trustee of the Kings Plaza MortgageLoan (Omitted. See Explanatory Notes.)

34.78      Wells Fargo Bank, National Association, asCustodian of the Kings Plaza Mortgage Loan (see Exhibit 34.5)

34.79      Pentalpha Surveillance LLC, as Operating Advisorof the Kings Plaza Mortgage Loan (see Exhibit 34.39)

34.80      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 34.8)

35           Servicer compliance statements.

35.1        Midland Loan Services, a Division of PNC Bank,National Association, as Master Servicer

35.2        KeyBank National Association, as Special Servicerprior to July 6, 2023

35.3        Argentic Services Company LP, as Special Serviceron and after July 6, 2023

35.4        Wells Fargo Bank, National Association, asCertificate Administrator

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

35.6        Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the 3500 Lacey Mortgage Loan (seeExhibit 35.1)

35.7        KeyBank National Association, as Special Servicerof the 3500 Lacey Mortgage Loan prior to July 6, 2023 (see Exhibit 35.2)

35.8        Argentic Services Company LP, as Special Servicer ofthe 3500 Lacey Mortgage Loan on and after July 6, 2023 (see Exhibit 35.3)

35.9        Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the 560 Mission Street MortgageLoan (see Exhibit 35.1)

35.10      KeyBank National Association, as Special Servicerof the 560 Mission Street Mortgage Loan prior to July 6, 2023 (see Exhibit 35.2)

35.11      Argentic Services Company LP, as Special Servicerof the 560 Mission Street Mortgage Loan on and after July 6, 2023 (see Exhibit35.3)

35.12      KeyBank National Association, as Primary Servicerof the Bellagio Hotel and Casino Mortgage Loan (see Exhibit 35.2)

35.13      Situs Holdings, LLC, as Special Servicer of theBellagio Hotel and Casino Mortgage Loan

35.14      KeyBank National Association, as Primary Servicerof the 650 Madison Avenue Mortgage Loan (see Exhibit 35.2)

35.15      LNR Partners, LLC, as Special Servicer of the 650 Madison Avenue Mortgage Loanprior to September 18, 2023 (Omitted. See Explanatory Notes.)

35.16      3650 REIT Loan Servicing LLC, as Special Servicer of the 650 Madison AvenueMortgage Loan on and after September 18, 2023 (Omitted. See Explanatory Notes.)

35.17      Wells Fargo Bank, National Association, as PrimaryServicer of the 490-504 Myrtle Avenue Mortgage Loan

35.18      LNR Partners, LLC, as Special Servicer of the 490-504 Myrtle Avenue MortgageLoan (Omitted. See Explanatory Notes.)

35.19      Wells Fargo Bank, National Association, as PrimaryServicer of the Giant Anchored Portfolio Mortgage Loan (see Exhibit 35.17)

35.20      LNR Partners, LLC, as Special Servicer of the Giant Anchored Portfolio MortgageLoan (Omitted. See Explanatory Notes.)

35.21      KeyBank National Association, as Primary Servicerof the 1633 Broadway Mortgage Loan (see Exhibit 35.2)

35.22      Situs Holdings, LLC, as Special Servicer of the1633 Broadway Mortgage Loan (see Exhibit 35.13)

35.23      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Starwood Industrial PortfolioMortgage Loan (see Exhibit 35.1)

35.24      CWCapital Asset Management LLC, as Special Servicer of the Starwood IndustrialPortfolio Mortgage Loan (Omitted. See Explanatory Notes.)

35.25      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the 510 East 14th Street MortgageLoan (see Exhibit 35.1)

35.26      Midland Loan Services, a Division of PNC Bank,National Association, as Special Servicer of the 510 East 14th Street MortgageLoan prior to May 10, 2023 (see Exhibit 35.1)

35.27      K-Star Asset Management LLC, as Special Servicer of the 510 East 14th StreetMortgage Loan on and after May 10, 2023 (Omitted. See Explanatory Notes.)

35.28      KeyBank National Association, as Primary Servicerof the 181 West Madison Mortgage Loan (see Exhibit 35.2)

35.29      Situs Holdings, LLC, as Special Servicer of the181 West Madison Mortgage Loan (see Exhibit 35.13)

35.30      Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer of the Kings Plaza Mortgage Loan (seeExhibit 35.1)

35.31      Midland Loan Services, a Division of PNC Bank,National Association, as Special Servicer of the Kings Plaza Mortgage Loanprior to April 27, 2023 (see Exhibit 35.1)

35.32      K-Star Asset Management LLC, as Special Servicer of the Kings Plaza Mortgage Loanon and after April 27, 2023 (Omitted. See Explanatory Notes.)

99.1         Mortgage Loan Purchase Agreement, dated and effectiveJanuary 24, 2020, between Deutsche Mortgage & Asset Receiving Corporationand German American Capital Corporation (filed as Exhibit 99.1 to theregistrant’s Current Report on Form 8-K filed on February 12, 2020 underCommission File No. 333-226943-06 and incorporated by reference herein).

99.2         Mortgage Loan Purchase Agreement, dated and effectiveJanuary 24, 2020, between Deutsche Mortgage & Asset Receiving Corporationand JPMorgan Chase Bank, National Association (filed as Exhibit 99.2 to theregistrant’s Current Report on Form 8-K filed on February 12, 2020 underCommission File No. 333-226943-06 and incorporated by reference herein).

99.3         Mortgage Loan Purchase Agreement, dated and effectiveJanuary 24, 2020, between Deutsche Mortgage & Asset Receiving Corporationand Citi Real Estate Funding Inc. (filed as Exhibit 99.3 to the registrant’sCurrent Report on Form 8-K filed on February 12, 2020 under Commission File No.333-226943-06 and incorporated by reference herein).

(b)   The exhibits required to be filed by theRegistrant pursuant to Item 601 of Regulation S-K are listed above.

(c)    Not Applicable.

 

**SIGNATURES**

Pursuant to the requirements of Section 13 or 15(d) of theSecurities Exchange Act of 1934, the registrant has duly caused this report tobe signed on its behalf by the undersigned, thereunto duly authorized.

Deutsche Mortgage & AssetReceiving Corporation(Depositor)

/s/ HelaineM. Kaplan

Helaine M.Kaplan, President

(senior officer in charge ofsecuritization of the depositor)

Date: March 18, 2024

/s/ MattSmith

Matt Smith, Director

Date: March 18, 2024