**UNITED STATESSECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON,D.C. 20549**

**FORM 10‐K**

(Mark one)

**/X/ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934**

**    For the fiscal year endedDecember 31, 2023OR**

**//TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934**

**For the transition period from****            ****to****           **

 

 

 

**Commission file number:****333-227446-13**

 

**Central Index Key Number of the issuing entity:****0001848411**

 

**BANK 2021-BNK32**

**(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:****0001102113**

 

**Bank of America, NationalAssociation**

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

 

**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:****0000740906**

 

**Wells Fargo Bank, NationalAssociation**

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

** **

**Central Index Key Number of the sponsor:****0001577313**

 

**National Cooperative Bank, N.A.**

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

 

  

| **New York**                                                        | **35-7287099**

**38-4169399**

**38-4169400** |
|---------------------------------------------------------------------|------------------------------------------------|
| **(State or other jurisdiction of incorporation or  organization)** | **(I.R.S. Employer Identification Numbers)**   |

 

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

**Wells Fargo Bank, National Association**

**9062 Old Annapolis Road**

** Columbia, MD**

**(Address of principal executive offices)**

 

**21045**

**(Zip Code)**

 

**Telephone number, including area code:**

**(667) 786-1992**

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

   

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

 

 

 

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

 

  NONE.

 

Indicateby check mark if the registrant is a well-known seasoned issuer, as defined inRule 405 of the Securities Act.

 

  Yes___ No X

 

Indicateby check mark if the registrant is not required to file reports pursuant toSection 13 or Section 15(d) of the Act.

 

  Yes___ No X

 

Note- Checking the box above will not relieve any registrant required to filereports pursuant to Section 13 or 15(d) of the Exchange Act from theirobligations under those Sections.

 

Indicate by check mark whether the registrant (1) has filed all reportsrequired to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that theregistrant was required to file such reports), and (2) has been subject to suchfiling requirements for the past 90 days.

 

  YesX No ___

 

Indicateby check mark whether the registrant has submitted electronically everyInteractive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (Section 232.405 of this chapter) during the preceding 12 months(or for such shorter period that the registrant was required to submit suchfiles).

 

  Notapplicable.

 

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

 

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

 

Emerginggrowth company ___

 

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

 

  Notapplicable.

 

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.

 

 Not applicable.

 

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

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

 

Not applicable.

 

Indicateby check mark whether any of those error corrections are restatements that requireda recovery analysis of incentive-based compensation received by any of theregistrant’s executive officers during the relevant recovery period pursuant to§240.10D-1(b).

 

Not applicable.

 

Indicateby check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Act).

 

  Yes___ No X

 

Statethe aggregate market value of the voting and non-voting common equity held 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**

 

TheBANK 2021-BNK32 mortgage pool includes the following mortgage loans, each ofwhich is serviced pursuant to a separate pooling and servicing agreement (each,an “Outside Pooling and Servicing Agreement”):

 

•  the Miami Design District mortgage loan, which is serviced pursuant to the BANK2021-BNK33 pooling and servicing agreement attached hereto as Exhibit 4.4;

 

•  the 605 Third Avenue mortgage loan and the McClellan Park mortgage loan, whichare serviced pursuant to the BANK 2020-BNK30 pooling and servicing agreementattached hereto as Exhibit 4.2; and

 

•  the Boca Office Portfolio mortgage loan, which is serviced pursuant to theBenchmark 2021-B24 pooling and servicing agreement attached hereto as Exhibit4.3.

 

Exceptas set forth below, each of the parties to each pooling and servicing agreementlisted in the Exhibit Index both (1) participates in the servicing function forpurposes of Item 1122 of Regulation AB and (2) constitutes a servicer thatmeets the criteria in Item 1108(a)(2)(i) through (iii) of Regulation AB forpurposes of Item 1123 of Regulation AB:

 

•  The trustee under a pooling and servicing agreement has a nominal role withrespect to the mortgage pool securitized pursuant to such pooling and servicingagreement.  The trustee’s only servicing function is the contingentobligation to make certain advances if the master servicer under such poolingand servicing agreement fails to do so, while all other servicing functions areperformed by other parties.  The trustee under each of the pooling andservicing agreements listed in the Exhibit Index has confirmed to theregistrant that it has not made any such contingent advances during thereporting period, and consequently, each such trustee does not participate inthe servicing function for purposes of Item 1122 of Regulation AB, nor does itperform the functions of a servicer for purposes of the definition of“servicer” under Item 1101 of Regulation AB or for purposes of Item 1123 ofRegulation AB.

 

•  The certificate administrator under a pooling and servicing agreement performsvarious payment administration functions solely for the securitization governedby such pooling and servicing agreement and the mortgage pool securitizedpursuant to such pooling and servicing agreement and does not have anyobligations with respect to any other transaction.  Consequently, thecertificate administrator under an Outside Pooling and Servicing Agreement doesnot participate in the servicing function for purposes of Item 1122 ofRegulation AB, nor does it perform the functions of a servicer for purposes ofthe definition of “servicer” under Item 1101 of Regulation AB or for purposesof Item 1123 of Regulation AB.

 

•  The operating advisor under a pooling and servicing agreement represents theinterests of senior certificateholders in the transaction governed by suchpooling and servicing agreement and is responsible for monitoring theperformance of the special servicer under such pooling and servicing agreementand producing certain reports to certificateholders relating to the resolutionof the mortgage pool securitized pursuant to such pooling and servicingagreement.  The operating advisor under a pooling and servicing agreementdoes not have any obligations with respect to any other transaction and issolely obligated to perform loan reporting functions with respect to thesecuritization governed by such pooling and servicing agreement. Consequently, the operating advisor under an Outside Pooling and ServicingAgreement neither participates in the servicing function for purposes of Item1122 of Regulation AB nor performs the functions of a servicer for purposes ofthe definition of “servicer” under Item 1101 of Regulation AB or for purposesof Item 1123 of Regulation AB.  In addition, while the operating advisorunder a pooling and servicing agreement has certain reporting obligations inrespect of the related mortgage pool, it has no obligation to collect ordisburse funds in respect of the mortgage pool or to administer any of theunderlying mortgage loans.  Consequently, the operating advisor under apooling and servicing agreement participates in the servicing function forpurposes of Item 1122 of Regulation AB, but is not responsible for the“management or collection of the pool assets or making allocations ordistributions to holders of the asset-backed securities” within the meaning of“servicer” under Item 1101 of Regulation AB and does not perform the functionsof a servicer for purposes of Item 1123 of Regulation AB.

 

•  The asset representations reviewer under a pooling and servicing agreement hasa limited obligation to review certain delinquent mortgage loans after aspecified delinquency threshold has been met and the required percentage ofcertificateholders vote to direct a review of such delinquent mortgage loans,and has no obligation to collect or disburse funds in respect of the mortgagepool, to administer any of the underlying mortgage loans or to perform anyservicing function.  Consequently, the asset representations reviewerunder a pooling and servicing agreement does not participate in the servicingfunction for purposes of Item 1122 of Regulation AB, is not responsible for the“management or collection of the pool assets or making allocations or distributionsto holders of the asset-backed securities” within the meaning of “servicer”under Item 1101 of Regulation AB and does not perform the functions of aservicer for purposes of Item 1123 of Regulation AB.

 

•  NCB, N.A. as NCB master servicer and NCB special servicer under each of theBANK 2020-BNK30 pooling and servicing agreement and the BANK 2021-BNK33 poolingand servicing agreement, only has obligations in respect of certain mortgageloans sold to the BANK 2020-BNK30 securitization trust and the BANK 2021-BNK33securitization trust, respectively, by NCB, N.A. Such party has no obligationswith respect to any mortgage loan included in the BANK 2021-BNK32 mortgage pooland therefore in such capacity does not constitute a reporting “servicingfunction participant” for purposes of Item 1122 of Regulation AB, as specifiedin the Instruction 3 to Item 1122, and does not constitute a reporting“servicer” for purposes of Item 1123 of Regulation AB, as specified in theInstruction to Item 1123.

 

•  Midland Loan Services, a Division of PNC Bank, National Associationis the master servicer under the Benchmark 2021-B24 pooling and servicingagreement, pursuant to which the Boca Office Portfolio mortgage loan isserviced.  Because Midland Loan Services, a Division of PNC Bank, NationalAssociation is not the BANK 2021-BNK32 master servicer, is not affiliated withany sponsor and services only the Boca Office Portfolio mortgage loan, whichconstitutes less than 5% of the mortgage pool, Midland Loan Services, aDivision of PNC Bank, National Association, as Benchmark 2021-B24 masterservicer, 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.

 

Inaddition, each of the following parties engaged the services of certainservicing function participants and sub-servicers for the reporting period, asset forth below:

 

• Wells Fargo Bank, National Association, as master servicer, engaged theservices of CoreLogic Solutions, LLC as a servicing function participant inrespect of the entire mortgage pool for the reporting period.

 

•  Wells Fargo Bank, National Association, as master servicer under the BANK2021-BNK33 pooling and servicing agreement, pursuant to which the Miami DesignDistrict mortgage loan is serviced, engaged the services of CoreLogicSolutions, LLC as a servicing function participant in respect of the MiamiDesign District mortgage loan for the reporting period.

 

•  Wells Fargo Bank, National Association, as master servicer under the BANK2020-BNK30 pooling and servicing agreement, pursuant to which the 605 ThirdAvenue mortgage loan and the McClellan Park mortgage loan are serviced, engagedthe services of CoreLogic Solutions, LLC as a servicing function participant inrespect of each such mortgage loan for the reporting period.

 

•  On November 1, 2021, pursuant to the second amended and restated servicingagreement attached hereto as Exhibit 99.11, Computershare Trust Company,National Association was engaged to perform all or virtually all of Wells FargoBank, National Association’s roles as certificate administrator, custodian andtrustee, as applicable, under (i) the pooling and servicing agreement and (ii)each Outside Pooling and Servicing Agreement.

 

 

 

| **PART I**   |                            |
|-------------------|---------------------------------|
|              |                            |
| **Item 1.**  | **Business.**                   |
|              | Omitted.                        |
| **Item 1A.** | **Risk Factors.**          |
|              | Omitted.                        |
| **Item 1B.** | **Unresolved Staff  Comments.** |
|              | None.                           |
| **Item 1C.** | **Cybersecurity.**              |
|              | Omitted.                        |
| **Item 2.**  | **Properties.**                 |
|              | Omitted.                        |
| **Item 3.**  | **Legal Proceedings.**     |
|              | Omitted.                        |
| **Item 4.**  | **Mine Safety Disclosures.**    |
|              | Omitted.                        |
|              |                            |   |

 

| **PART II**  |                                                                                                                |
|-------------------|---------------------------------------------------------------------------------------------------------------------|
|              |                                                                                                                |
| **Item 5.**  | **Market for Registrant's  Common Equity, Related Stockholder Matters and Issuer Purchases of Equity  Securities.** |
|              | Omitted.                                                                                                            |
| **Item 6.**  | **[Reserved]**                                                                                                      |
| **Item 7.**  | **Management's Discussion and  Analysis of Financial Condition and Results of Operations.**                         |
|              | Omitted.                                                                                                            |
| **Item 7A.** | **Quantitative and  Qualitative Disclosures About Market Risk.**                                                    |
|              | Omitted.                                                                                                            |
| **Item 8.**  | **Financial Statements and  Supplementary Data.**                                                                   |
|              | Omitted.                                                                                                            |
| **Item 9.**  | **Changes in and  Disagreements With Accountants on Accounting and Financial Disclosure.**                          |
|              | Omitted.                                                                                                            |
| **Item 9A.** | **Controls and Procedures.**                                                                                        |
|              | Omitted.                                                                                                            |
| **Item 9B.** | **Other Information.**                                                                                         |
|              | None.                                                                                                               |
| **Item 9C.** | **Disclosure Regarding  Foreign Jurisdictions that Prevent Inspections.**                                           |
|              | None.                                                                                                               |
|              |                                                                                                                |   |
|              |                                                                                                                |   |   |
|              |                                                                                                                |   |   |   |   |

 

| **PART III** |                                                                                                 |
|-------------------|------------------------------------------------------------------------------------------------------|
|              |                                                                                                 |
| **Item 10.** | **Directors, Executive  Officers and Corporate Governance.**                                         |
|              | Omitted.                                                                                             |
| **Item 11.** | **Executive Compensation.**                                                                          |
|              | Omitted.                                                                                             |
| **Item 12.** | **Security Ownership of  Certain Beneficial Owners and Management and Related Stockholder Matters.** |
|              | Omitted.                                                                                             |
| **Item 13.** | **Certain Relationships and  Related Transactions, and Director Independence.**                      |
|              | Omitted.                                                                                             |
| **Item 14.** | **Principal Accountant Fees  and Services.**                                                         |
|              | Omitted.                                                                                             |
|              |                                                                                                 |   |

 

**ADDITIONALDISCLOSURE ITEMS FOR REGULATION AB**

 

**Item1112(b) of Regulation AB, Significant Obligor Financial Information.**

 

Notapplicable.

 

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

 

No entityor group of affiliated entities provides any enhancement or other support forthe certificates as described under Item 1114 (a) of Regulation AB.

 

**Item1115(b) of Regulation AB, Certain Derivatives Instruments (FinancialInformation).**

 

Noentity or group of affiliated entities provides any derivative instruments forthe certificates as described under Item 1115 of Regulation AB.

 

**Item1117 of Regulation AB, Legal Proceedings.**

 

Theregistrant knows of no legal proceeding pending against the sponsors,depositor, trustee, issuing entity, servicer contemplated by Item 1108(a)(3) ofRegulation AB, originator contemplated by Item 1110(b) of Regulation AB, or otherparty contemplated by Item 1100(d)(1) of Regulation AB, or of which anyproperty of the foregoing is the subject, that is material to security holders,other than as follows:

 

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

 

**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 March 24, 2021.

 

**Item1122 of Regulation AB, Compliance with Applicable Servicing Criteria.**

 

Thereports on assessment of compliance with the servicing criteria forasset-backed securities and the related attestation reports on such assessmentsof compliance are attached hereto under Item 15.

 

**Item1123 of Regulation AB, Servicer Compliance Statement.**

 

Theservicer compliance statements are attached hereto under Item 15.

 

**PART IV**

 

**Item15. Exhibits, Financial Statement Schedules.**

 

(a) Exhibits.

 

(4.1) Pooling and Servicing Agreement, dated as ofMarch 1, 2021, between Morgan Stanley Capital I Inc., as depositor, Wells FargoBank, National Association, as general master servicer, Rialto CapitalAdvisors, LLC, as general special servicer, National Cooperative Bank, N.A., asNCB master servicer and as NCB special servicer, Wells Fargo Bank, NationalAssociation, as certificate administrator, Wilmington Trust, NationalAssociation, as trustee, and Park Bridge Lender Services LLC, as operatingadvisor and as asset representations reviewer (filed as Exhibit 4.1 to theregistrant's Current Report on Form 8-K/A filed on February 4, 2022 under SECFile No. 333-227446-13 and incorporated by reference herein).

 

(4.2) Pooling and Servicing Agreement, dated andeffective as of December 1, 2020, between Banc of America Merrill LynchCommercial Mortgage Inc., as depositor, Wells Fargo Bank, National Association,as general master servicer, Greystone Servicing Company LLC, as general specialservicer, National Cooperative Bank, N.A., as NCB master servicer and as NCBspecial 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, relating to the BANK 2020-BNK30 securitization transaction, pursuantto which the 605 Third Avenue and McClellan Park Mortgage Loans are serviced(filed as Exhibit 4.2 to the registrant's Current Report on Form 8-K filed onMarch 24, 2021 under SEC File No. 333-227446-13 and incorporated by referenceherein).

 

(4.3) Pooling and Servicing Agreement, dated andeffective as of March 1, 2021, between J.P. Morgan Chase Commercial MortgageSecurities Corp., as depositor, Midland Loan Services, a Division of PNC Bank,National Association, as master servicer, Greystone Servicing Company LLC, asspecial servicer, Wells Fargo Bank, National Association, as certificateadministrator and trustee, and Park Bridge Lender Services LLC, as operatingadvisor and as asset representations reviewer, relating to the Benchmark2021-B24 securitization transaction, pursuant to which the Boca OfficePortfolio Mortgage Loan is serviced (filed as Exhibit 4.3 to the registrant'sCurrent Report on Form 8-K filed on March 24, 2021 under SEC File No.333-227446-13 and incorporated by reference herein).

 

(4.4) Pooling and Servicing Agreement, dated as of May 1,2021, between Banc of America Merrill Lynch Commercial Mortgage Inc., asdepositor, Wells Fargo Bank, National Association, as general master servicer,Rialto Capital Advisors, LLC, as general special servicer, National CooperativeBank, N.A., as NCB master servicer and as NCB special servicer, Wells FargoBank, National Association, as certificate administrator, Wilmington Trust,National Association, as trustee, and Park Bridge Lender Services LLC, asoperating advisor and as asset representations reviewer, relating to the BANK2021-BNK33 securitization transaction, pursuant to which the Miami DesignDistrict Mortgage Loan is serviced (filed as Exhibit 4.4 to the registrant'sCurrent Report on Form 8-K filed on May 20, 2021 under SEC File No. 333-227446-13and incorporated by reference herein).

 

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

 

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

 

33.1Wells Fargo Bank, National Association, asCertificate Administrator

 

33.2Computershare Trust Company, National Association,as Servicing Function Participant for the Certificate Administrator

 

33.3Wells Fargo Bank, National Association, asCustodian

 

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

 

33.5Wells Fargo Bank, National Association, as MasterServicer

 

33.6National Cooperative Bank, N.A., as NCB MasterServicer

 

33.7Rialto Capital Advisors, LLC, as Special Servicer

 

33.8National Cooperative Bank, N.A., as NCB SpecialServicer (see Exhibit 33.6)

 

33.9Park Bridge Lender Services LLC, as OperatingAdvisor

 

33.10CoreLogic Solutions, LLC, as Servicing FunctionParticipant

 

33.11Wells Fargo Bank, National Association, as MasterServicer under the BANK 2021-BNK33 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Miami Design District(from 1/1/23 to 12/31/23) (see Exhibit 33.5)

 

33.12CoreLogic Solutions, LLC, as Servicing FunctionParticipant under the BANK 2021-BNK33 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Miami Design District(from 1/1/23 to 12/31/23) (see Exhibit 33.10)

 

33.13Wells Fargo Bank, National Association, as MasterServicer under the BANK 2020-BNK30 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 605 Third Avenue (from1/1/23 to 12/31/23), McClellan Park (from 1/1/23 to 12/31/23) (see Exhibit33.5)

 

33.14CoreLogic Solutions, LLC, as Servicing FunctionParticipant under the BANK 2020-BNK30 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 605 Third Avenue (from1/1/23 to 12/31/23), McClellan Park (from 1/1/23 to 12/31/23) (see Exhibit33.10)

 

33.15Rialto Capital Advisors, LLC, as Special Servicerunder the BANK 2021-BNK33 securitization, pursuant to which the followingmortgage loans were serviced by such party: Miami Design District (from 1/1/23to 12/31/23) (see Exhibit 33.7)

 

33.16Greystone Servicing Company LLC, as SpecialServicer under the BANK 2020-BNK30 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 605 Third Avenue (from1/1/23 to 12/31/23), McClellan Park (from 1/1/23 to 12/31/23)

 

33.17Greystone Servicing Company LLC, as SpecialServicer under the Benchmark 2021-B24 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Boca Office Portfolio(from 1/1/23 to 12/31/23) (see Exhibit 33.16)

 

33.18Wells Fargo Bank, National Association, asCustodian under the BANK 2021-BNK33 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Miami Design District(from 1/1/23 to 12/31/23) (see Exhibit 33.3)

 

33.19Computershare Trust Company, National Association,as Servicing Function Participant under the BANK 2021-BNK33 securitization,pursuant to which the following mortgage loans were serviced by such party:Miami Design District (from 1/1/23 to 12/31/23) (see Exhibit 33.4)

 

33.20Wells Fargo Bank, National Association, asCustodian under the BANK 2020-BNK30 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 605 Third Avenue (from1/1/23 to 12/31/23), McClellan Park (from 1/1/23 to 12/31/23) (see Exhibit33.3)

 

33.21Computershare Trust Company, National Association,as Servicing Function Participant under the BANK 2020-BNK30 securitization,pursuant to which the following mortgage loans were serviced by such party: 605Third Avenue (from 1/1/23 to 12/31/23), McClellan Park (from 1/1/23 to12/31/23) (see Exhibit 33.4)

 

33.22Wells Fargo Bank, National Association, asCustodian under the Benchmark 2021-B24 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Boca Office Portfolio(from 1/1/23 to 12/31/23) (see Exhibit 33.3)

 

33.23Computershare Trust Company, National Association,as Servicing Function Participant under the Benchmark 2021-B24 securitization,pursuant to which the following mortgage loans were serviced by such party:Boca Office Portfolio (from 1/1/23 to 12/31/23) (see Exhibit 33.4)

 

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

 

34.1Wells Fargo Bank, National Association, asCertificate Administrator

 

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

 

34.3Wells Fargo Bank, National Association, asCustodian

 

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

 

34.5Wells Fargo Bank, National Association, as MasterServicer

 

34.6National Cooperative Bank, N.A., as NCB MasterServicer

 

34.7Rialto Capital Advisors, LLC, as Special Servicer

 

34.8National Cooperative Bank, N.A., as NCB SpecialServicer (see Exhibit 34.6)

 

34.9Park Bridge Lender Services LLC, as OperatingAdvisor

 

34.10CoreLogic Solutions, LLC, as Servicing FunctionParticipant

 

34.11Wells Fargo Bank, National Association, as MasterServicer under the BANK 2021-BNK33 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Miami Design District(from 1/1/23 to 12/31/23) (see Exhibit 34.5)

 

34.12CoreLogic Solutions, LLC, as Servicing FunctionParticipant under the BANK 2021-BNK33 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Miami Design District(from 1/1/23 to 12/31/23) (see Exhibit 34.10)

 

34.13Wells Fargo Bank, National Association, as MasterServicer under the BANK 2020-BNK30 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 605 Third Avenue (from1/1/23 to 12/31/23), McClellan Park (from 1/1/23 to 12/31/23) (see Exhibit34.5)

 

34.14CoreLogic Solutions, LLC, as Servicing FunctionParticipant under the BANK 2020-BNK30 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 605 Third Avenue (from1/1/23 to 12/31/23), McClellan Park (from 1/1/23 to 12/31/23) (see Exhibit34.10)

 

34.15Rialto Capital Advisors, LLC, as Special Servicerunder the BANK 2021-BNK33 securitization, pursuant to which the followingmortgage loans were serviced by such party: Miami Design District (from 1/1/23to 12/31/23) (see Exhibit 34.7)

 

34.16Greystone Servicing Company LLC, as SpecialServicer under the BANK 2020-BNK30 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 605 Third Avenue (from1/1/23 to 12/31/23), McClellan Park (from 1/1/23 to 12/31/23)

 

34.17Greystone Servicing Company LLC, as SpecialServicer under the Benchmark 2021-B24 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Boca Office Portfolio(from 1/1/23 to 12/31/23) (see Exhibit 34.16)

 

34.18Wells Fargo Bank, National Association, asCustodian under the BANK 2021-BNK33 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Miami Design District(from 1/1/23 to 12/31/23) (see Exhibit 34.3)

 

34.19Computershare Trust Company, National Association,as Servicing Function Participant under the BANK 2021-BNK33 securitization,pursuant to which the following mortgage loans were serviced by such party:Miami Design District (from 1/1/23 to 12/31/23) (see Exhibit 34.4)

 

34.20Wells Fargo Bank, National Association, asCustodian under the BANK 2020-BNK30 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 605 Third Avenue (from1/1/23 to 12/31/23), McClellan Park (from 1/1/23 to 12/31/23) (see Exhibit34.3)

 

34.21Computershare Trust Company, National Association,as Servicing Function Participant under the BANK 2020-BNK30 securitization,pursuant to which the following mortgage loans were serviced by such party: 605Third Avenue (from 1/1/23 to 12/31/23), McClellan Park (from 1/1/23 to12/31/23) (see Exhibit 34.4)

 

34.22Wells Fargo Bank, National Association, asCustodian under the Benchmark 2021-B24 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Boca Office Portfolio(from 1/1/23 to 12/31/23) (see Exhibit 34.3)

 

34.23Computershare Trust Company, National Association,as Servicing Function Participant under the Benchmark 2021-B24 securitization,pursuant to which the following mortgage loans were serviced by such party:Boca Office Portfolio (from 1/1/23 to 12/31/23) (see Exhibit 34.4)

 

(35). Servicercompliance statement.

 

35.1Wells Fargo Bank, National Association, asCertificate Administrator

 

35.2Computershare Trust Company, National Association,as Servicing Function Participant for the Certificate Administrator

 

35.3Wells Fargo Bank, National Association, asCustodian

 

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

 

35.5Wells Fargo Bank, National Association, as MasterServicer

 

35.6National Cooperative Bank, N.A., as NCB MasterServicer

 

35.7Rialto Capital Advisors, LLC, as Special Servicer

 

35.8National Cooperative Bank, N.A., as NCB SpecialServicer (see Exhibit 35.6)

 

35.9Wells Fargo Bank, National Association, as MasterServicer under the BANK 2021-BNK33 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Miami Design District(from 1/1/23 to 12/31/23) (see Exhibit 35.5)

 

35.10Wells Fargo Bank, National Association, as MasterServicer under the BANK 2020-BNK30 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 605 Third Avenue (from1/1/23 to 12/31/23), McClellan Park (from 1/1/23 to 12/31/23) (see Exhibit35.5)

 

35.11Rialto Capital Advisors, LLC, as Special Servicerunder the BANK 2021-BNK33 securitization, pursuant to which the followingmortgage loans were serviced by such party: Miami Design District (from 1/1/23to 12/31/23) (see Exhibit 35.7)

 

35.12Greystone Servicing Company LLC, as SpecialServicer under the BANK 2020-BNK30 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 605 Third Avenue (from1/1/23 to 12/31/23), McClellan Park (from 1/1/23 to 12/31/23)

 

35.13Greystone Servicing Company LLC, as SpecialServicer under the Benchmark 2021-B24 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Boca Office Portfolio(from 1/1/23 to 12/31/23) (see Exhibit 35.12)

 

35.14Wells Fargo Bank, National Association, asCustodian under the BANK 2021-BNK33 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Miami Design District(from 1/1/23 to 12/31/23) (see Exhibit 35.3)

 

35.15Computershare Trust Company, National Association,as Servicing Function Participant under the BANK 2021-BNK33 securitization,pursuant to which the following mortgage loans were serviced by such party:Miami Design District (from 1/1/23 to 12/31/23) (see Exhibit 35.4)

 

35.16Wells Fargo Bank, National Association, asCustodian under the BANK 2020-BNK30 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 605 Third Avenue (from1/1/23 to 12/31/23), McClellan Park (from 1/1/23 to 12/31/23) (see Exhibit35.3)

 

35.17Computershare Trust Company, National Association,as Servicing Function Participant under the BANK 2020-BNK30 securitization,pursuant to which the following mortgage loans were serviced by such party: 605Third Avenue (from 1/1/23 to 12/31/23), McClellan Park (from 1/1/23 to12/31/23) (see Exhibit 35.4)

 

35.18Wells Fargo Bank, National Association, asCustodian under the Benchmark 2021-B24 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Boca Office Portfolio(from 1/1/23 to 12/31/23) (see Exhibit 35.3)

 

35.19Computershare Trust Company, National Association,as Servicing Function Participant under the Benchmark 2021-B24 securitization,pursuant to which the following mortgage loans were serviced by such party:Boca Office Portfolio (from 1/1/23 to 12/31/23) (see Exhibit 35.4)

 

(99.1) Mortgage Loan Purchase Agreement, dated as ofMarch 16, 2021, between Morgan Stanley Capital I Inc. and Bank of America,National Association (filed as Exhibit 99.1 to the registrant's Current Reporton Form 8-K filed on March 24, 2021 under SEC File No. 333-227446-13 andincorporated by reference herein).

 

(99.2) Mortgage Loan Purchase Agreement, dated as ofMarch 16, 2021, Morgan Stanley Capital I Inc. and Morgan Stanley MortgageCapital Holdings LLC (filed as Exhibit 99.2 to the registrant's Current Reporton Form 8-K filed on March 24, 2021 under SEC File No. 333-227446-13 andincorporated by reference herein).

 

(99.3) Mortgage Loan Purchase Agreement, dated as of March16, 2021, between Morgan Stanley Capital I Inc. and Wells Fargo Bank, NationalAssociation (filed as Exhibit 99.3 to the registrant's Current Report on Form8-K filed on March 24, 2021 under SEC File No. 333-227446-13 and incorporatedby reference herein).

 

(99.4) Mortgage Loan Purchase Agreement, dated as ofMarch 16, 2021, between Morgan Stanley Capital I Inc. and National CooperativeBank, N.A. (filed as Exhibit 99.4 to the registrant's Current Report on Form8-K filed on March 24, 2021 under SEC File No. 333-227446-13 and incorporatedby reference herein).

 

(99.5) Agreement Between Note Holders, dated as ofMarch 24, 2021, by and between Wells Fargo Bank, National Association, asinitial note A-1 holder, Wells Fargo Bank, National Association, as initialnote A-2 holder, and Wells Fargo Bank, National Association, as initial noteA-3 holder, relating to the Pathline Park 9 & 10 loan combination (filed asExhibit 99.5 to the registrant's Current Report on Form 8-K filed on March 24,2021 under SEC File No. 333-227446-13 and incorporated by reference herein).

 

(99.6) Amended and Restated Agreement BetweenNoteholders, by and among Bank of America, N.A., Wilmington Trust, NationalAssociation, as Trustee for the Benefit of the Registered Holders of BANK2020-BNK30, Commercial Mortgage Pass-Through Certificates, Series 2020-BNK30,Wilmington Trust, National Association, as Trustee for the Benefit of theRegistered Holders of BANK 2021-BNK31, Commercial Mortgage Pass-ThroughCertificates, Series 2021-BNK31, Wilmington Trust, National Association, asTrustee for the Benefit of the Registered Holders of BANK 2021-BNK32,Commercial Mortgage Pass-Through Certificates, Series 2021-BNK32, Wells FargoBank, National Association, as Trustee on Behalf of the Registered Holders ofCSAIL 2021-C20 Commercial Mortgage Pass-Through Certificates, Series 2021-C20, andCFF MDD HOLDINGS LLC, relating to the Miami Design District loan combination(filed as Exhibit 99.11 to the registrant's Current Report on Form 8-K filed onMay 20, 2021 under SEC File No. 333-227446-13 and incorporated by referenceherein).            

 

(99.7) Agreement Between Note Holders, dated as ofMarch 1, 2021, by and among Bank of America, N.A., as initial note A-1 holder,Bank of America, N.A., as initial note A-2 holder, Bank of America, N.A., asinitial note A-3 holder, and Bank of America, N.A., as initial note A-4 holder,relating to the Extra Space Rock ‘N Roll Self Storage Portfolio loancombination (filed as Exhibit 99.7 to the registrant's Current Report on Form8-K filed on March 24, 2021 under SEC File No. 333-227446-13 and incorporatedby reference herein).

 

(99.8) Intercreditor Agreement, dated as of November23, 2020, by and among Morgan Stanley Bank, N.A., as note A-1 holder, note A-2holder, note A-3 holder, note A-4 holder and note a-5 holder, Sun Life AssuranceCompany of Canada, as note B-1 holder, Sun Life Hong Kong Limited, as note B-2holder, and Sun Life Insurance (Canada) Limited, as note B-3 holder, relatingto the 605 Third Avenue loan combination (filed as Exhibit 99.8 to theregistrant's Current Report on Form 8-K filed on March 24, 2021 under SEC FileNo. 333-227446-13 and incorporated by reference herein).

 

(99.9) Agreement Between Noteholders, dated as ofFebruary 17, 2021, by and between Citi Real Estate Funding Inc., as initialnote A-1 holder and initial note A-2 holder, and Bank of America, N.A., asinitial note A-3 holder, relating to the Boca Office Portfolio loan combination(filed as Exhibit 99.9 to the registrant's Current Report on Form 8-K filed onMarch 24, 2021 under SEC File No. 333-227446-13 and incorporated by referenceherein).

 

(99.10) Co-Lender Agreement, dated as of November 20,2020, by and between Wells Fargo Bank, National Association and Goldman SachsBank USA, relating to the McClellan Park loan combination (filed as Exhibit99.10 to the registrant's Current Report on Form 8-K filed on March 24, 2021under SEC File No. 333-227446-13 and incorporated by reference herein).

 

(99.11) Second Amended and Restated ServicingAgreement, 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 and Computershare Limited (filed asExhibit 99.1 to the registrant's Current Report on Form 8-K filed on November5, 2021 under SEC File No. 333-227446-13 and incorporated 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 28, 2024