**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, 2022OR**

**//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 Wells Fargo Bank, N.A.**

**9062 Old Annapolis Road**

** Columbia, MD**

**(Address of principal executive offices)**

 

**21045**

**(Zip Code)**

 

**Telephone number, including area code:**

**(410) 884-2000**

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

   

 

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

 

 

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

 

  NONE.

 

Indicateby check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act.

 

  Yes___ No X

 

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

 

  Yes___ No X

 

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

 

Indicate by check mark whether the registrant (1) has filed all reports requiredto be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrantwas required to file such reports), and (2) has been subject to such filingrequirements 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 thatrequired a recovery analysis of incentive-based compensation received by any ofthe registrant’s executive officers during the relevant recovery periodpursuant to §240.10D-1(b).

 

Not applicable.

 

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

 

  Yes___ No X

 

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

 

  Notapplicable.

 

Indicateby check mark whether the registrant has filed all documents and reportsrequired to be filed by Section 12, 13 or 15(d) of the Securities Exchange Actof 1934 subsequent to the distribution of securities under a plan confirmed bya court.

 

  Notapplicable.

 

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

 

  Notapplicable.

 

DOCUMENTSINCORPORATED BY REFERENCE

 

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

 

  Notapplicable.

 

**EXPLANATORY NOTES**

 

The BANK 2021-BNK32 mortgage pool includesthe following mortgage loans, each of which is serviced pursuant to a separatepooling and servicing agreement (each, an “Outside Pooling and ServicingAgreement”):

 

•   the Miami Design Districtmortgage loan, which is serviced pursuant to the BANK 2021-BNK33 pooling andservicing agreement attached hereto as Exhibit 4.4;

 

•   the 605 Third Avenue mortgageloan and the McClellan Park mortgage loan, which are serviced pursuant to theBANK 2020-BNK30 pooling and servicing agreement attached hereto as Exhibit 4.2;and

 

•   the Boca Office Portfoliomortgage loan, which is serviced pursuant to the Benchmark 2021-B24 pooling andservicing agreement attached hereto as Exhibit 4.3.

 

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

 

•   The trustee under a poolingand servicing agreement has a nominal role with respect to the mortgage poolsecuritized pursuant to such pooling and servicing agreement.  Thetrustee’s only servicing function is the contingent obligation to make certainadvances if the master servicer under such pooling and servicing agreementfails to do so, while all other servicing functions are performed by otherparties.  The trustee under each of the pooling and servicing agreementslisted in the Exhibit Index has confirmed to the registrant that it has notmade any such contingent advances during the reporting period, andconsequently, each such trustee does not participate in the servicing functionfor purposes of Item 1122 of Regulation AB, nor does it perform the functionsof a servicer for purposes of the definition of “servicer” under Item 1101 ofRegulation AB or for purposes of Item 1123 of Regulation AB.

 

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

 

•   The operating advisor under apooling and servicing agreement represents the interests of seniorcertificateholders in the transaction governed by such pooling and servicingagreement and is responsible for monitoring the performance of the specialservicer under such pooling and servicing agreement and producing certainreports to certificateholders relating to the resolution of the mortgage poolsecuritized pursuant to such pooling and servicing agreement.  Theoperating advisor under a pooling and servicing agreement does not have anyobligations with respect to any other transaction and is solely obligated toperform loan reporting functions with respect to the securitization governed bysuch pooling and servicing agreement.  Consequently, the operating advisorunder an Outside Pooling and Servicing Agreement neither participates in theservicing function for purposes of Item 1122 of Regulation AB nor performs thefunctions of a servicer for purposes of the definition of “servicer” under Item1101 of Regulation AB or for purposes of Item 1123 of Regulation AB.  Inaddition, while the operating advisor under a pooling and servicing agreementhas certain reporting obligations in respect of the related mortgage pool, ithas no obligation to collect or disburse funds in respect of the mortgage poolor to administer any of the underlying mortgage loans.  Consequently, theoperating advisor under a pooling and servicing agreement participates in theservicing function for purposes of Item 1122 of Regulation AB, but is notresponsible for the “management or collection of the pool assets or makingallocations or distributions to holders of the asset-backed securities” withinthe meaning of “servicer” under Item 1101 of Regulation AB and does not performthe functions of a servicer for purposes of Item 1123 of Regulation AB. 

 

•   The asset representationsreviewer under a pooling and servicing agreement has a limited obligation toreview certain delinquent mortgage loans after a specified delinquencythreshold has been met and the required percentage of certificateholders voteto direct a review of such delinquent mortgage loans, and has no obligation tocollect or disburse funds in respect of the mortgage pool, to administer any ofthe underlying mortgage loans or to perform any servicing function. Consequently, the asset representations reviewer under a pooling and servicingagreement does not participate in the servicing function for purposes of Item1122 of Regulation AB, is not responsible for the “management or collection ofthe pool assets or making allocations or distributions to holders of theasset-backed securities” within the meaning of “servicer” under Item 1101 ofRegulation AB and does not perform the functions of a servicer for purposes ofItem 1123 of Regulation AB.

 

•   NCB, N.A. as NCB masterservicer and NCB special servicer under each of the BANK 2020-BNK30 pooling andservicing agreement and the BANK 2021-BNK33 pooling and servicing agreement,only has obligations in respect of certain mortgage loans sold to the BANK2020-BNK30 securitization trust and the BANK 2021-BNK33 securitization trust,respectively, by NCB, N.A. Such party has no obligations with respect to anymortgage loan included in the BANK 2021-BNK32 mortgage pool and therefore insuch capacity does not constitute a reporting “servicing function participant”for purposes of Item 1122 of Regulation AB, as specified in the Instruction 3to Item 1122, and does not constitute a reporting “servicer” for purposes ofItem 1123 of Regulation AB, as specified in the Instruction to Item 1123.

 

•   Midland Loan Services, a Division of PNC Bank, NationalAssociation is the master servicer under theBenchmark 2021-B24 pooling and servicing agreement, pursuant to which the BocaOffice Portfolio mortgage loan is serviced.  Because Midland LoanServices, a Division of PNC Bank, National Associationis not the BANK 2021-BNK32 master servicer, is not affiliated with any sponsorand services only the Boca Office Portfolio mortgage loan, which constitutesless than 5% of the mortgage pool, Midland Loan Services, a Division ofPNC Bank, National Association, as Benchmark 2021-B24master servicer, does not constitute a reporting “servicing functionparticipant” for purposes of Item 1122 of Regulation AB, as specified in theInstruction 3 to Item 1122, and does not constitute a reporting “servicer” forpurposes of Item 1123 of Regulation AB, as specified in the Instruction to Item1123.

 

In addition, each of the following partiesengaged the services of certain servicing function participants and sub-servicersfor the reporting period, as set forth below:

 

• Wells Fargo Bank, National Association,as master servicer, engaged the services of CoreLogic Solutions, LLC as aservicing function participant in respect of the entire mortgage pool for the reportingperiod.

 

•   Wells Fargo Bank, NationalAssociation, as master servicer under the BANK 2021-BNK33 pooling and servicingagreement, pursuant to which the Miami Design District mortgage loan isserviced, engaged the services of CoreLogic Solutions, LLC as a servicingfunction participant in respect of the Miami Design District mortgage loan forthe reporting period.

 

•   Wells Fargo Bank, NationalAssociation, as master servicer under the BANK 2020-BNK30 pooling and servicingagreement, pursuant to which the 605 Third Avenue mortgage loan and theMcClellan Park mortgage loan are serviced, engaged the services of CoreLogicSolutions, LLC as a servicing function participant in respect of each suchmortgage loan for the reporting period.

 

•   On November 1, 2021, pursuantto the second amended and restated servicing agreement attached hereto asExhibit 99.11, Computershare Trust Company, National Association was engaged toperform all or virtually all of Wells Fargo Bank, National Association’s roles ascertificate administrator, custodian and trustee, as applicable, under (i) thepooling and servicing agreement and (ii) each Outside Pooling and ServicingAgreement.

 

 

 

| **PART I**   |                            |
|-------------------|---------------------------------|
|              |                            |
| **Item 1.**  | **Business.**                   |
|              | Omitted.                        |
| **Item 1A.** | **Risk Factors.**          |
|              | Omitted.                        |
| **Item 1B.** | **Unresolved Staff  Comments.** |
|              | None.                           |
| **Item 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.**

 

Noentity or group of affiliated entities provides any enhancement or othersupport for the certificates as described under Item 1114 (a) of Regulation AB.

 

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

 

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

 

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

 

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

 

InDecember 2014, Phoenix Light SF Limited (Phoenix Light) and certain relatedentities filed a complaint in the United States District Court for the SouthernDistrict of New York alleging claims against Wells Fargo Bank, N.A., in itscapacity as trustee for a number of residential mortgage-backed securities(RMBS) trusts. Complaints raising similar allegations have been filed byCommerzbank AG in the Southern District of New York and by IKB Internationaland IKB Deutsche Industriebank 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 repurchaseobligations of mortgage loan sellers for purported breaches of representationsand warranties, 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 appealed the district court’s decision to the United StatesCourt of Appeals for the Second Circuit. Wells Fargo Bank, N.A. previouslysettled two class actions filed by institutional investors and an action filedby the National Credit Union Administration with similar allegations. In addition,Park Royal I LLC and Park Royal II LLC have filed substantially similarlawsuits in New York state court alleging Wells Fargo Bank, N.A., as trustee,failed to take appropriate actions upon learning of defective mortgage loandocumentation.

 

**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 of March1, 2021, between Morgan Stanley Capital I Inc., as depositor, Wells Fargo Bank,National Association, as general master servicer, Rialto Capital Advisors, LLC,as general special servicer, National Cooperative Bank, N.A., as NCB masterservicer and as NCB special servicer, Wells Fargo Bank, National Association,as certificate administrator, Wilmington Trust, National Association, astrustee, and Park Bridge Lender Services LLC, as operating advisor and as assetrepresentations reviewer (filed as Exhibit 4.1 to the registrant's CurrentReport on Form 8-K/A filed on February 4, 2022 under SEC File No. 333-227446-13and 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 Park BridgeLender 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 May1, 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.333-227446-13 and incorporated by reference herein).

 

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

 

(33) Reports onassessment of compliance with servicing criteria for asset-backed securities.

 

33.1 Wells Fargo Bank, National Association, as CertificateAdministrator

 

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

 

33.3 Wells Fargo Bank, National Association, as Custodian

 

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

 

33.5 Wells Fargo Bank, National Association, as MasterServicer

 

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

 

33.7 Rialto Capital Advisors, LLC, as Special Servicer

 

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

 

33.9 Park Bridge Lender Services LLC, as Operating Advisor

 

33.10 CoreLogic Solutions, LLC, as Servicing FunctionParticipant

 

33.11 Wells 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 1/1/22 to 12/31/22) (see Exhibit 33.5)

 

33.12 CoreLogic 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 1/1/22 to 12/31/22) (see Exhibit 33.10)

 

33.13 Wells 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 (from 1/1/22to 12/31/22), McClellan Park (from 1/1/22 to 12/31/22) (see Exhibit 33.5)

 

33.14 CoreLogic 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 (from1/1/22 to 12/31/22), McClellan Park (from 1/1/22 to 12/31/22) (see Exhibit33.10)

 

33.15 Rialto 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 1/1/22to 12/31/22) (see Exhibit 33.7)

 

33.16 Greystone Servicing Company LLC, as Special Servicerunder the BANK 2020-BNK30 securitization, pursuant to which the followingmortgage loans were serviced by such party: 605 Third Avenue (from 1/1/22 to12/31/22), McClellan Park (from 1/1/22 to 12/31/22)

 

33.17 Greystone Servicing Company LLC, as Special Servicerunder the Benchmark 2021-B24 securitization, pursuant to which the followingmortgage loans were serviced by such party: Boca Office Portfolio (from 1/1/22to 12/31/22) (see Exhibit 33.16)

 

33.18 Wells Fargo Bank, National Association, as Custodianunder the BANK 2021-BNK33 securitization, pursuant to which the followingmortgage loans were serviced by such party: Miami Design District (from 1/1/22to 12/31/22) (see Exhibit 33.3)

 

33.19 Computershare Trust Company, National Association, asServicing Function Participant under the BANK 2021-BNK33 securitization,pursuant to which the following mortgage loans were serviced by such party:Miami Design District (from 1/1/22 to 12/31/22) (see Exhibit 33.4)

 

33.20 Wells Fargo Bank, National Association, as Custodianunder the BANK 2020-BNK30 securitization, pursuant to which the followingmortgage loans were serviced by such party: 605 Third Avenue (from 1/1/22 to12/31/22), McClellan Park (from 1/1/22 to 12/31/22) (see Exhibit 33.3)

 

33.21 Computershare Trust Company, National Association, asServicing Function Participant under the BANK 2020-BNK30 securitization,pursuant to which the following mortgage loans were serviced by such party: 605Third Avenue (from 1/1/22 to 12/31/22), McClellan Park (from 1/1/22 to12/31/22) (see Exhibit 33.4)

 

33.22 Wells Fargo Bank, National Association, as Custodianunder the Benchmark 2021-B24 securitization, pursuant to which the followingmortgage loans were serviced by such party: Boca Office Portfolio (from 1/1/22to 12/31/22) (see Exhibit 33.3)

 

33.23 Computershare Trust Company, National Association, asServicing Function Participant under the Benchmark 2021-B24 securitization,pursuant to which the following mortgage loans were serviced by such party:Boca Office Portfolio (from 1/1/22 to 12/31/22) (see Exhibit 33.4)

 

(34). Attestation reports onassessment of compliance with servicing criteria for asset-backed securities.

 

34.1 Wells Fargo Bank, National Association, as CertificateAdministrator

 

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

 

34.3 Wells Fargo Bank, National Association, as Custodian

 

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

 

34.5 Wells Fargo Bank, National Association, as MasterServicer

 

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

 

34.7 Rialto Capital Advisors, LLC, as Special Servicer

 

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

 

34.9 Park Bridge Lender Services LLC, as Operating Advisor

 

34.10 CoreLogic Solutions, LLC, as Servicing FunctionParticipant

 

34.11 Wells 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 1/1/22 to 12/31/22) (see Exhibit 34.5)

 

34.12 CoreLogic Solutions, LLC, as Servicing FunctionParticipant under the BANK 2021-BNK33 securitization, pursuant to which the followingmortgage loans were serviced by such party: Miami Design District (from 1/1/22to 12/31/22) (see Exhibit 34.10)

 

34.13 Wells 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 (from1/1/22 to 12/31/22), McClellan Park (from 1/1/22 to 12/31/22) (see Exhibit34.5)

 

34.14 CoreLogic 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 (from1/1/22 to 12/31/22), McClellan Park (from 1/1/22 to 12/31/22) (see Exhibit34.10)

 

34.15 Rialto 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 1/1/22to 12/31/22) (see Exhibit 34.7)

 

34.16 Greystone Servicing Company LLC, as Special Servicerunder the BANK 2020-BNK30 securitization, pursuant to which the followingmortgage loans were serviced by such party: 605 Third Avenue (from 1/1/22 to12/31/22), McClellan Park (from 1/1/22 to 12/31/22)

 

34.17 Greystone Servicing Company LLC, as Special Servicerunder the Benchmark 2021-B24 securitization, pursuant to which the followingmortgage loans were serviced by such party: Boca Office Portfolio (from 1/1/22to 12/31/22) (see Exhibit 34.16)

 

34.18 Wells Fargo Bank, National Association, as Custodianunder the BANK 2021-BNK33 securitization, pursuant to which the followingmortgage loans were serviced by such party: Miami Design District (from 1/1/22to 12/31/22) (see Exhibit 34.3)

 

34.19 Computershare Trust Company, National Association, asServicing Function Participant under the BANK 2021-BNK33 securitization,pursuant to which the following mortgage loans were serviced by such party:Miami Design District (from 1/1/22 to 12/31/22) (see Exhibit 34.4)

 

34.20 Wells Fargo Bank, National Association, as Custodianunder the BANK 2020-BNK30 securitization, pursuant to which the followingmortgage loans were serviced by such party: 605 Third Avenue (from 1/1/22 to12/31/22), McClellan Park (from 1/1/22 to 12/31/22) (see Exhibit 34.3)

 

34.21 Computershare Trust Company, National Association, asServicing Function Participant under the BANK 2020-BNK30 securitization,pursuant to which the following mortgage loans were serviced by such party: 605Third Avenue (from 1/1/22 to 12/31/22), McClellan Park (from 1/1/22 to12/31/22) (see Exhibit 34.4)

 

34.22 Wells Fargo Bank, National Association, as Custodianunder the Benchmark 2021-B24 securitization, pursuant to which the followingmortgage loans were serviced by such party: Boca Office Portfolio (from 1/1/22to 12/31/22) (see Exhibit 34.3)

 

34.23 Computershare Trust Company, National Association, asServicing Function Participant under the Benchmark 2021-B24 securitization,pursuant to which the following mortgage loans were serviced by such party:Boca Office Portfolio (from 1/1/22 to 12/31/22) (see Exhibit 34.4)

 

(35). Servicer compliancestatement.

 

35.1 Wells Fargo Bank, National Association, as CertificateAdministrator

 

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

 

35.3 Wells Fargo Bank, National Association, as Custodian

 

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

 

35.5 Wells Fargo Bank, National Association, as MasterServicer

 

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

 

35.7 Rialto Capital Advisors, LLC, as Special Servicer

 

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

 

35.9 Wells 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 1/1/22 to 12/31/22) (see Exhibit 35.5)

 

35.10 Wells 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 (from1/1/22 to 12/31/22), McClellan Park (from 1/1/22 to 12/31/22) (see Exhibit35.5)

 

35.11 Rialto 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 1/1/22to 12/31/22) (see Exhibit 35.7)

 

35.12 Greystone Servicing Company LLC, as Special Servicerunder the BANK 2020-BNK30 securitization, pursuant to which the followingmortgage loans were serviced by such party: 605 Third Avenue (from 1/1/22 to12/31/22), McClellan Park (from 1/1/22 to 12/31/22)

 

35.13 Greystone Servicing Company LLC, as Special Servicerunder the Benchmark 2021-B24 securitization, pursuant to which the followingmortgage loans were serviced by such party: Boca Office Portfolio (from 1/1/22to 12/31/22) (see Exhibit 35.12)

 

35.14 Wells Fargo Bank, National Association, as Custodianunder the BANK 2021-BNK33 securitization, pursuant to which the followingmortgage loans were serviced by such party: Miami Design District (from 1/1/22to 12/31/22) (see Exhibit 35.3)

 

35.15 Computershare Trust Company, National Association, asServicing Function Participant under the BANK 2021-BNK33 securitization,pursuant to which the following mortgage loans were serviced by such party:Miami Design District (from 1/1/22 to 12/31/22) (see Exhibit 35.4)

 

35.16 Wells Fargo Bank, National Association, as Custodianunder the BANK 2020-BNK30 securitization, pursuant to which the followingmortgage loans were serviced by such party: 605 Third Avenue (from 1/1/22 to12/31/22), McClellan Park (from 1/1/22 to 12/31/22) (see Exhibit 35.3)

 

35.17 Computershare Trust Company, National Association, asServicing Function Participant under the BANK 2020-BNK30 securitization,pursuant to which the following mortgage loans were serviced by such party: 605Third Avenue (from 1/1/22 to 12/31/22), McClellan Park (from 1/1/22 to12/31/22) (see Exhibit 35.4)

 

35.18 Wells Fargo Bank, National Association, as Custodianunder the Benchmark 2021-B24 securitization, pursuant to which the followingmortgage loans were serviced by such party: Boca Office Portfolio (from 1/1/22to 12/31/22) (see Exhibit 35.3)

 

35.19 Computershare Trust Company, National Association, as ServicingFunction Participant under the Benchmark 2021-B24 securitization, pursuant towhich the following mortgage loans were serviced by such party: Boca OfficePortfolio (from 1/1/22 to 12/31/22) (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 and incorporatedby reference herein).

 

(99.3) Mortgage Loan Purchase Agreement, dated as ofMarch 16, 2021, between Morgan Stanley Capital I Inc. and Wells Fargo Bank,National Association (filed as Exhibit 99.3 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).

 

(99.4) 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 BANK 2020-BNK30,Commercial Mortgage Pass-Through Certificates, Series 2020-BNK30, WilmingtonTrust, National Association, as Trustee for the Benefit of the RegisteredHolders of BANK 2021-BNK31, Commercial Mortgage Pass-Through Certificates,Series 2021-BNK31, Wilmington Trust, National Association, as Trustee for theBenefit of the Registered Holders of BANK 2021-BNK32, Commercial MortgagePass-Through Certificates, Series 2021-BNK32, Wells Fargo Bank, NationalAssociation, as Trustee on Behalf of the Registered Holders of CSAIL 2021-C20Commercial Mortgage Pass-Through Certificates, Series 2021-C20, and CFF MDDHOLDINGS LLC, relating to the Miami Design District loan combination (filed asExhibit 99.11 to the registrant's Current Report on Form 8-K filed on May 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 LifeAssurance Company of Canada, as note B-1 holder, Sun Life Hong Kong Limited, asnote B-2 holder, and Sun Life Insurance (Canada) Limited, as note B-3 holder,relating to 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 as Exhibit99.1 to the registrant's Current Report on Form 8-K filed on November 5, 2021under 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, 2023