**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, 2019 OR**

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

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

 

 

 

**Commission file number:333-180779-16**

 

**Central Index Key Number of the issuingentity:0001642727**

 

**Morgan Stanley Bank of America Merrill Lynch Trust2015-C23**

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

 

**Central Index Key Number of the depositor:0001547361**

 

**Morgan Stanley Capital I Inc.**

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

 

**Central Index Key Number of the sponsor:0001541557**

 

**Morgan Stanley Mortgage Capital Holdings LLC**

**(exact names of the sponsors as specified in theircharters)**

 

**Central Index Key Number of the sponsor:0001102113**

 

**Bank of America, National Association**

**(exact names of the sponsors as specified in theircharters)**

 

**Central Index Key Number of the sponsor:0001548567**

 

**CIBC Inc.**

**(exact names of the sponsors as specified in theircharters)**

 

**Central Index Key Number of the sponsor:0001682532**

 

**Starwood Mortgage Funding III LLC**

**(exact names of the sponsors as specified in theircharters)**

 

| **New York**                                                        | **38‐3971658  38‐3971659  38‐3971660  38‐7135412** |
|---------------------------------------------------------------------|----------------------------------------------------------------------------|
| **(State or other jurisdiction of incorporation or  organization)** | **(I.R.S. Employer Identification Numbers)**                               |

 

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

**9062 Old Annapolis Road**

** Columbia, MD**

**(Address of principal executive offices)**

 

**21045**

**(Zip Code)**

 

**Telephone number, including area code:**

**(410) 884‐2000**

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

  

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

 

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

 

  NONE.

 

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

 

  Yes___ No X

 

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

 

  Yes___ No X

 

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

 

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

 

  YesX No ___

 

Indicateby check mark whether the registrant has submitted electronically and posted onits corporate Web site, if any, every Interactive Data File required to besubmitted and posted pursuant to Rule 405 of Regulation S-T (Section 232.405 ofthis chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit and post such files).

 

  Notapplicable.

 

Indicateby check mark if disclosure of delinquent filers pursuant to Item 405 ofRegulation S-K (Section 229.405 of this chapter) is not contained herein, andwill not be contained, to the best of registrant's knowledge, in definitiveproxy or information statements incorporated by reference in Part III of thisForm 10-K or any amendment to this Form 10-K.

 

  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 is a shell company (as defined in Rule12b-2 of the Act).

 

  Yes___ No X

 

Statethe aggregate market value of the voting and non-voting common equity held bynon-affiliates computed by reference to the price at which the common equitywas last sold, or the average bid and asked price of such common equity, as ofthe last business day of the registrant's most recently completed second fiscalquarter.

 

  Notapplicable.

 

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

 

  Notapplicable.

 

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

 

  Notapplicable.

 

DOCUMENTSINCORPORATED BY REFERENCE

 

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

 

  Notapplicable.

 

**EXPLANATORY NOTES**

 

The MSBAM 2015-C23 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 TKG 3 Retail Portfolio mortgage loan, which is serviced pursuant to theMSC 2015-MS1 pooling and servicing agreement attached hereto as Exhibit 4.4;• the Hilton Garden Inn W 54th Street mortgage loan, which is serviced pursuantto the MSBAM 2015-C22 pooling and servicing agreement attached hereto asExhibit 4.2; and• the US StorageMart Portfolio mortgage loan, which is serviced pursuant to theCGBAM 2015-SMRT trust and servicing 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 pooling and servicingagreement has a nominal role with respect to the mortgage pool securitizedpursuant to such pooling and servicing agreement. The trustee’s only servicingfunction is the contingent obligation to make certain advances if the masterservicer under such pooling and servicing agreement fails to do so, while all otherservicing functions are performed by other parties. The trustee under each ofthe pooling and servicing agreements listed in the Exhibit Index has confirmedto the registrant 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 apooling and servicing agreement performs various payment administrationfunctions solely for the securitization governed by such pooling and servicingagreement and the mortgage pool securitized pursuant to such pooling 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 a pooling andservicing agreement represents the interests of senior certificateholders inthe transaction governed by such pooling and servicing agreement and isresponsible for monitoring the performance of the special servicer under suchpooling and servicing agreement and producing certain reports tocertificateholders relating to the resolution of the mortgage pool securitizedpursuant to such pooling and servicing agreement. The operating advisor under apooling and servicing agreement does not have any obligations with respect toany other transaction and is solely obligated to perform loan reportingfunctions with respect to the securitization governed by such pooling andservicing agreement. Consequently, the operating advisor under an OutsidePooling and Servicing Agreement neither participates in the servicing functionfor purposes of Item 1122 of Regulation AB nor performs the functions of aservicer for purposes of the definition of “servicer” under Item 1101 of RegulationAB or for purposes of Item 1123 of Regulation AB. In addition, while theoperating advisor under a pooling and servicing agreement has certain reportingobligations in respect of the related mortgage pool, it has no obligation tocollect or disburse funds in respect of the mortgage pool or to administer anyof the underlying mortgage loans.  Consequently, the operating advisorunder a pooling and servicing agreement participates in the servicing functionfor purposes 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 functions ofa servicer for purposes of Item 1123 of Regulation AB.

 

• Deutsche Bank Trust Company Americas isthe custodian under the CGBAM 2015-SMRT trust and servicing agreement, pursuantto which the US StorageMart Portfolio mortgage loan is serviced. Because DeutscheBank Trust Company Americas is not the MSBAM 2015-C23 custodian, is notaffiliated with any sponsor and services only the US StorageMart Portfoliomortgage loan, which constitutes less than 5% of the mortgage pool, DeutscheBank Trust Company Americas, as CGBAM 2015-SMRT custodian, does not constitutea reporting “servicing function participant” for purposes of Item 1122 ofRegulation AB, as specified in the Instruction 3 to Item 1122, and does notconstitute a reporting “servicer” for purposes of Item 1123 of Regulation AB,as specified in the Instruction to Item 1123.

 

In addition, each of the following partiesengaged the services of certain servicing function participants andsub-servicers for the reporting period, as set forth below:• Wells Fargo Bank, National Association, as master servicer and excludedspecial servicer, engaged the services of (i) CoreLogic Commercial Real EstateServices, Inc. and National Tax Search, LLC, in each case as a servicingfunction participant in respect of the entire mortgage pool for the reportingperiod, and (ii) Berkadia Commercial Mortgage LLC, as servicing functionparticipant in respect of 5.42% of the mortgage pool for the reporting period.

 

• Wells Fargo Bank, National Association, as master servicer underthe MSBAM 2015-C22 pooling and servicing agreement, pursuant to which theHilton Garden Inn W 54th Street mortgage loan is serviced, engaged the servicesof CoreLogic Commercial Real Estate Services, Inc. and National Tax Search,LLC, in each case as a servicing function participant in respect of the HiltonGarden Inn W 54th Street mortgage loan for the reporting period.

 

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

 

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

 

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

 

The registrant knows of nolegal proceeding pending against the sponsors, depositor, trustee, issuingentity, servicer contemplated by Item 1108(a)(3) of Regulation AB, originatorcontemplated by Item 1110(b) of Regulation AB, or other party contemplated byItem 1100(d)(1) of Regulation AB, or of which any property of the foregoing isthe subject, that is material to security holders, other than as disclosed inthe prospectus of the issuing entity filed in a 424(b)(5) filing dated June 18,2015, and other than as follows:

 

Beginningon June 18, 2014, a group of institutional investors filed civil complaints inthe Supreme Court of the State of New York, New York County, and later the U.S.District Court for the Southern District of New York, against Wells Fargo Bank,N.A., (“Wells Fargo Bank”) in its capacity as trustee for certain residentialmortgage backed securities (“RMBS”) trusts.  The complaints against WellsFargo Bank alleged that the trustee caused losses to investors and assertedcauses of action based upon, among other things, the trustee's alleged failureto: (i) notify and enforce repurchase obligations of mortgage loan sellers forpurported breaches of representations and warranties, (ii) notify investors ofalleged events of default, and (iii) abide by appropriate standards of carefollowing alleged events of default. Relief sought included money damages in anunspecified amount, reimbursement of expenses, and equitable relief. InNovember 2018, Wells Fargo Bank reached an agreement, in which it denied anywrongdoing, to resolve such claims on a classwide basis for the 271 RMBS trustsat issue.  On May 6, 2019, the court entered an order approving thesettlement agreement.  Separate lawsuits against Wells Fargo Bank makingsimilar allegations filed by certain other institutional investors concerningseveral RMBS trusts in New York federal and state court are not covered by theagreement.  With respect to such litigations, Wells Fargo Bank believesplaintiffs' claims are without merit and intends to contest the claimsvigorously, but there can be no assurances as to the outcome of the litigationsor the possible impact of the litigations on Wells Fargo Bank or the RMBStrusts.

 

**Item1119 of Regulation AB, Affiliations and Certain Relationships and RelatedTransactions.**

 

Inaddition to the information regarding this Item that has been disclosed in theprospectus of the issuing entity filed in a 424(b)(5) filing dated June 18,2015, (i) Midland Loan Services, a Division of PNC Bank, National Association,the master servicer and special servicer under the MSC 2015-MS1 securitization,pursuant to which the TKG 3 Retail Portfolio mortgage loan is serviced, is alsothe special servicer under the MSBAM 2015-C22 securitization, pursuant to whichthe Hilton Garden Inn W 54th Street mortgage loan is serviced, and the masterservicer and special servicer and under the CGBAM 2015-SMRT securitization,pursuant to which the US StorageMart Portfolio mortgage loan is serviced, and(ii) Wells Fargo Bank, National Association, the custodian under the MSC2015-MS1 securitization, pursuant to which the TKG 3 Retail Portfolio mortgageloan is serviced, is also the master servicer, excluded loan special servicer,custodian and certificate administrator under the MSBAM 2015-C23 securitizationand the master servicer and custodian under the MSBAM 2015-C22 securitization,pursuant to which the Hilton Garden Inn W 54th Street mortgage loan isserviced.

 

**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.

 

Thereport on assessment of compliance with applicable servicing criteria furnishedpursuant to Item 1122 of Regulation AB by Midland Loan Services, a Division ofPNC Bank National Association discloses that a material instance of noncomplianceoccurred, as described below:

 

MaterialInstance of Noncompliance

 

In certain instances, the Schedule AL Files (Item 1125of Regulation AB) were not reported in accordance with the terms specified inthe transaction agreements, in conflict with Item 1122(d)(3)(i): “Reports toinvestors, including those to be filed with the Commission, are maintained inaccordance with the transaction agreements and applicable Commissionrequirements. Specifically, such reports: (A) Are prepared in accordance with timeframesand other terms set forth in the transaction agreements”.  Thenoncompliance consisted of omitted or inaccurately reported numbers due to thefollowing: (1) the initial setup files contained information at the assetlevel, and Midland was required to manually compile the information to presentit at the loan level as required by Schedule AL; and (2) certain reportingrequirements required manual processing by Midland, including the use ofvarious data computation formulas, quality control checks and analysis.

 

The identified instances did not involve the servicingof assets included in this securitization.

 

StepsTaken to Remedy the Material Instance of Noncompliance

 

Midland’s Schedule AL reporting process was enhanced inApril of 2019, however, the process remained manual throughout the 2019calendar year and additional errors during such year were identified during therelated audit. Following identification, Midland made staffing changes andadditional improvements to its processes and procedures to support its ScheduleAL reporting obligations and expects to move to an automated solution for thisprocess.

 

**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 June 1,2015, between Morgan Stanley Capital I Inc., as depositor, Wells Fargo Bank,National Association, as master servicer, LNR Partners, LLC, as general specialservicer, Wells Fargo Bank, National Association, as excluded mortgage loanspecial servicer, Pentalpha Surveillance LLC, as trust advisor, WilmingtonTrust, National Association, as trustee, and Wells Fargo Bank, NationalAssociation, as custodian, certificate administrator, certificate registrar andauthenticating agent (filed as Exhibit 4.1 to the registrant's Current Reporton Form 8-K/A filed on June 24, 2015 under SEC File No. 333-180779-16 andincorporated by reference herein).

 

(4.2)Pooling and Servicing Agreement, dated as of April 1,2015, between Morgan Stanley Capital I Inc., as depositor, Wells Fargo Bank,National Association, as master servicer, Midland Loan Services, a Division ofPNC Bank, National Association, as special servicer, Park Bridge LenderServices LLC, as trust advisor, Wilmington Trust, National Association, astrustee, and Wells Fargo Bank, National Association, as certificateadministrator, certificate registrar, authenticating agent and custodian,relating to the MSBAM 2015-C22 securitization transaction, pursuant to whichthe Hilton Garden Inn W 54th Street Mortgage Loan is serviced (filed as Exhibit4.2 to the registrant's Current Report on Form 8-K filed on June 18, 2015 underSEC File No. 333-180779-16 and incorporated by reference herein).

 

(4.3)Trust and Servicing Agreement, dated as of May 6, 2015,between Citigroup Commercial Mortgage Securities Inc., as depositor, MidlandLoan Services, a Division of PNC Bank, National Association, as servicer,Midland Loan Services, a Division of PNC Bank, National Association, as specialservicer, Deutsche Bank Trust Company Americas, as trustee, and Citibank, N.A.,as certificate administrator, relating to the CGBAM 2015-SMRT securitizationtransaction, pursuant to which the US StorageMart Portfolio Mortgage Loan isserviced (filed as Exhibit 4.3 to the registrant's Current Report on Form 8-Kfiled on June 18, 2015 under SEC File No. 333-180779-16 and incorporated byreference herein).

 

(4.4)Pooling and Servicing Agreement, dated as of July 1,2015, between Morgan Stanley Capital I Inc., as depositor, Midland LoanServices, a Division of PNC Bank, National Association, as master servicer andspecial servicer, Park Bridge Lender Services LLC, as trust advisor, and WellsFargo Bank, National Association, as trustee, custodian, certificateadministrator, certificate registrar and authenticating agent, relating to theMSC 2015-MS1 securitization transaction, pursuant to which the TKG3 RetailPortfolio Mortgage Loan is serviced (filed as Exhibit 4.1 to the registrant'sCurrent Report on Form 8-K filed on July 21, 2015 under SEC File No.333-180779-16 and incorporated by reference herein).

 

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

 

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

 

33.1  WellsFargo Bank, National Association, as Certificate Administrator

 

33.2  WellsFargo Bank, National Association, as Custodian

 

33.3  WellsFargo Bank, National Association, as Master Servicer

 

33.4  LNRPartners, LLC, as Special Servicer

 

33.5  PentalphaSurveillance LLC, as Operating Advisor

 

33.6  WellsFargo Bank, National Association, as Excluded Special Servicer (see Exhibit33.3)

 

33.7  CoreLogicCommercial Real Estate Services, Inc., as Servicing Function Participant

 

33.8  NationalTax Search, LLC, as Servicing Function Participant

 

33.9  BerkadiaCommercial Mortgage LLC, as Servicing Function Participant

 

33.10  MidlandLoan Services, a Division of PNC Bank National Association, as Master Servicerunder the MSC 2015-MS1 securitization, pursuant to which the following mortgageloans were serviced by such party: TKG 3 Retail Portfolio (from 1/1/19 to12/31/19)

 

33.11  WellsFargo Bank, National Association, as Master Servicer under the MSBAM 2015-C22securitization, pursuant to which the following mortgage loans were serviced bysuch party: Hilton Garden Inn W 54th Street (from 1/1/19 to 12/31/19) (seeExhibit 33.3)

 

33.12  CoreLogicCommercial Real Estate Services, Inc., as Servicing Function Participant underthe MSBAM 2015-C22 securitization, pursuant to which the following mortgageloans were serviced by such party: Hilton Garden Inn W 54th Street (from 1/1/19to 12/31/19) (see Exhibit 33.7)

 

33.13  NationalTax Search, LLC, as Servicing Function Participant under the MSBAM 2015-C22securitization, pursuant to which the following mortgage loans were serviced bysuch party: Hilton Garden Inn W 54th Street (from 1/1/19 to 12/31/19) (seeExhibit 33.8)

 

33.14  MidlandLoan Services, a Division of PNC Bank National Association, as Master Servicerunder the CGBAM 2015-SMRT securitization, pursuant to which the followingmortgage loans were serviced by such party: US StorageMart Portfolio (from1/1/19 to 12/31/19) (see Exhibit 33.10)

 

33.15  MidlandLoan Services, a Division of PNC Bank National Association, as Special Servicerunder the MSC 2015-MS1 securitization, pursuant to which the following mortgageloans were serviced by such party: TKG 3 Retail Portfolio (from 1/1/19 to12/31/19) (see Exhibit 33.10)

 

33.16  MidlandLoan Services, a Division of PNC Bank National Association, as Special Servicerunder the MSBAM 2015-C22 securitization, pursuant to which the followingmortgage loans were serviced by such party: Hilton Garden Inn W 54th Street(from 1/1/19 to 12/31/19) (see Exhibit 33.10)

 

33.17  MidlandLoan Services, a Division of PNC Bank National Association, as Special Servicerunder the CGBAM 2015-SMRT securitization, pursuant to which the followingmortgage loans were serviced by such party: US StorageMart Portfolio (from1/1/19 to 12/31/19) (see Exhibit 33.10)

 

33.18  WellsFargo Bank, National Association, as Custodian under the MSC 2015-MS1securitization, pursuant to which the following mortgage loans were serviced bysuch party: TKG 3 Retail Portfolio (from 1/1/19 to 12/31/19) (see Exhibit 33.2)

 

33.19  WellsFargo Bank, National Association, as Custodian under the MSBAM 2015-C22securitization, pursuant to which the following mortgage loans were serviced bysuch party: Hilton Garden Inn W 54th Street (from 1/1/19 to 12/31/19) (seeExhibit 33.2)

 

(34). Attestation reportson assessment of compliance with servicing criteria for asset-backedsecurities.

 

34.1  WellsFargo Bank, National Association, as Certificate Administrator

 

34.2  WellsFargo Bank, National Association, as Custodian

 

34.3  WellsFargo Bank, National Association, as Master Servicer

 

34.4  LNRPartners, LLC, as Special Servicer

 

34.5  PentalphaSurveillance LLC, as Operating Advisor

 

34.6  WellsFargo Bank, National Association, as Excluded Special Servicer (see Exhibit34.3)

 

34.7  CoreLogicCommercial Real Estate Services, Inc., as Servicing Function Participant

 

34.8  NationalTax Search, LLC, as Servicing Function Participant

 

34.9  BerkadiaCommercial Mortgage LLC, as Servicing Function Participant

 

34.10  MidlandLoan Services, a Division of PNC Bank National Association, as Master Servicerunder the MSC 2015-MS1 securitization, pursuant to which the following mortgageloans were serviced by such party: TKG 3 Retail Portfolio (from 1/1/19 to12/31/19)

 

34.11  WellsFargo Bank, National Association, as Master Servicer under the MSBAM 2015-C22securitization, pursuant to which the following mortgage loans were serviced bysuch party: Hilton Garden Inn W 54th Street (from 1/1/19 to 12/31/19) (seeExhibit 34.3)

 

34.12  CoreLogicCommercial Real Estate Services, Inc., as Servicing Function Participant underthe MSBAM 2015-C22 securitization, pursuant to which the following mortgageloans were serviced by such party: Hilton Garden Inn W 54th Street (from 1/1/19to 12/31/19) (see Exhibit 34.7)

 

34.13  NationalTax Search, LLC, as Servicing Function Participant under the MSBAM 2015-C22securitization, pursuant to which the following mortgage loans were serviced bysuch party: Hilton Garden Inn W 54th Street (from 1/1/19 to 12/31/19) (seeExhibit 34.8)

 

34.14  MidlandLoan Services, a Division of PNC Bank National Association, as Master Servicerunder the CGBAM 2015-SMRT securitization, pursuant to which the followingmortgage loans were serviced by such party: US StorageMart Portfolio (from1/1/19 to 12/31/19) (see Exhibit 34.10)

 

34.15  MidlandLoan Services, a Division of PNC Bank National Association, as Special Servicerunder the MSC 2015-MS1 securitization, pursuant to which the following mortgageloans were serviced by such party: TKG 3 Retail Portfolio (from 1/1/19 to12/31/19) (see Exhibit 34.10)

 

34.16  MidlandLoan Services, a Division of PNC Bank National Association, as Special Servicerunder the MSBAM 2015-C22 securitization, pursuant to which the followingmortgage loans were serviced by such party: Hilton Garden Inn W 54th Street(from 1/1/19 to 12/31/19) (see Exhibit 34.10)

 

34.17  MidlandLoan Services, a Division of PNC Bank National Association, as Special Servicerunder the CGBAM 2015-SMRT securitization, pursuant to which the followingmortgage loans were serviced by such party: US StorageMart Portfolio (from1/1/19 to 12/31/19) (see Exhibit 34.10)

 

34.18  WellsFargo Bank, National Association, as Custodian under the MSC 2015-MS1securitization, pursuant to which the following mortgage loans were serviced bysuch party: TKG 3 Retail Portfolio (from 1/1/19 to 12/31/19) (see Exhibit 34.2)

 

34.19  WellsFargo Bank, National Association, as Custodian under the MSBAM 2015-C22securitization, pursuant to which the following mortgage loans were serviced bysuch party: Hilton Garden Inn W 54th Street (from 1/1/19 to 12/31/19) (seeExhibit 34.2)

 

(35). Servicer compliancestatement.

 

35.1  WellsFargo Bank, National Association, as Certificate Administrator

 

35.2  WellsFargo Bank, National Association, as Custodian

 

35.3  WellsFargo Bank, National Association, as Master Servicer

 

35.4  LNRPartners, LLC, as Special Servicer

 

35.5  WellsFargo Bank, National Association, as Excluded Special Servicer (see Exhibit35.3)

 

35.6  MidlandLoan Services, a Division of PNC Bank National Association, as Master Servicerunder the MSC 2015-MS1 securitization, pursuant to which the following mortgageloans were serviced by such party: TKG 3 Retail Portfolio (from 1/1/19 to12/31/19)

 

35.7  WellsFargo Bank, National Association, as Master Servicer under the MSBAM 2015-C22securitization, pursuant to which the following mortgage loans were serviced bysuch party: Hilton Garden Inn W 54th Street (from 1/1/19 to 12/31/19) (seeExhibit 35.3)

 

35.8  MidlandLoan Services, a Division of PNC Bank National Association, as Master Servicerunder the CGBAM 2015-SMRT securitization, pursuant to which the followingmortgage loans were serviced by such party: US StorageMart Portfolio (from1/1/19 to 12/31/19) (see Exhibit 35.6)

 

35.9  MidlandLoan Services, a Division of PNC Bank National Association, as Special Servicerunder the MSC 2015-MS1 securitization, pursuant to which the following mortgageloans were serviced by such party: TKG 3 Retail Portfolio (from 1/1/19 to12/31/19) (see Exhibit 35.6)

 

35.10  MidlandLoan Services, a Division of PNC Bank National Association, as Special Servicerunder the MSBAM 2015-C22 securitization, pursuant to which the followingmortgage loans were serviced by such party: Hilton Garden Inn W 54th Street(from 1/1/19 to 12/31/19) (see Exhibit 35.6)

 

35.11  MidlandLoan Services, a Division of PNC Bank National Association, as Special Servicerunder the CGBAM 2015-SMRT securitization, pursuant to which the followingmortgage loans were serviced by such party: US StorageMart Portfolio (from1/1/19 to 12/31/19) (see Exhibit 35.6)

 

35.12  WellsFargo Bank, National Association, as Custodian under the MSC 2015-MS1securitization, pursuant to which the following mortgage loans were serviced bysuch party: TKG 3 Retail Portfolio (from 1/1/19 to 12/31/19) (see Exhibit 35.2)

 

35.13  WellsFargo Bank, National Association, as Custodian under the MSBAM 2015-C22securitization, pursuant to which the following mortgage loans were serviced bysuch party: Hilton Garden Inn W 54th Street (from 1/1/19 to 12/31/19) (seeExhibit 35.2)

 

(99.1)Mortgage Loan Purchase Agreement, dated June 5, 2015,between Morgan Stanley Capital I Inc. and Morgan Stanley Mortgage CapitalHoldings LLC (filed as Exhibit 99.1 to the registrant's Current Report on Form8-K/A filed on June 24, 2015 under SEC File No. 333-180779-16 and incorporatedby reference herein).

 

(99.2)Mortgage Loan Purchase Agreement, dated June 5, 2015,between Morgan Stanley Capital I Inc. and Bank of America, National Association(filed as Exhibit 99.2 to the registrant's Current Report on Form 8-K/A filed onJune 24, 2015 under SEC File No. 333-180779-16 and incorporated by referenceherein).

 

(99.3)Mortgage Loan Purchase Agreement, dated June 5, 2015,between Morgan Stanley Capital I Inc. and CIBC Inc. (filed as Exhibit 99.3 tothe registrant's Current Report on Form 8-K/A filed on June 24, 2015 under SECFile No. 333-180779-16 and incorporated by reference herein).

 

(99.4)Mortgage Loan Purchase Agreement, dated June 5, 2015,between Morgan Stanley Capital I Inc., Starwood Mortgage Funding III LLC andStarwood Mortgage Capital LLC (filed as Exhibit 99.4 to the registrant'sCurrent Report on Form 8-K/A filed on June 24, 2015 under SEC File No.333-180779-16 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, Director and President

(seniorofficer in charge of securitization of the depositor)

 

Date: March 26, 2020