**UNITED STATESSECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 10-K**

(Mark One)

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

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

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

**For the transition period from _____ to _____Commission file number of the issuing entity: 333-197550-02**

**Central Index Key Number of the issuing entity:0001623838**

**WFRBS Commercial Mortgage Trust2014-C25**

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

** **

**Central Index Key Number of the depositor: 0001112998**

**RBS Commercial Funding Inc.**

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

** **

**Central Index Key Number of the sponsor: 0000729153**

**NatWest Markets Plc**

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

**(formerly known as TheRoyal Bank of Scotland plc)**

** **

**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: 0001592182**

**LMF Commercial, LLC**

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

**(formerly known as RialtoMortgage Finance, LLC)**

** **

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

**Argentic Real Estate Finance LLC**

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

**(formerly known asSilverpeak Real Estate Finance LLC)**

** **

**Central Index Key Number of the sponsor: 0001542105**

**Basis Real Estate Capital II, LLC**

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

** **

**Central Index Key Number of the sponsor: 0001541214**

**C-III Commercial Mortgage LLC**

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

** **

**Central Index Key Number of the sponsor: 0001555501**

**Liberty Island Group I LLC**

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

** **

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

**the issuing entity)** | **38-3939281**

**38-3939282**

**38-3939283**

**38-7120321**

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

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

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

**Wells Fargo Bank, National Association**

**as Certificate Administrator**

**9062 Old Annapolis Road**

**Columbia, MD**

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

**21045**

**(Zip Code)**

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

**(203) 897-2700**

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

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

 

 

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

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

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

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

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

Not applicable.

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

Large acceleratedfiler        o                                                                                                       Accelerated filer                                     o

Non-acceleratedfiler          ⌧                                                                                                     Smaller reportingcompany                    o

                                                                                                                                                       Emerging growthcompany                    o

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

Indicate by check mark whether the registrant has filed areport on and attestation to its management’s assessment of the effectivenessof its internal control over financial reporting under Section 404(b) of theSarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firmthat prepared or issued its audit report. o

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

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

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

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

Not applicable.

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

Not applicable.

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

Not applicable.

**DOCUMENTS INCORPORATED BY REFERENCE**

** **

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

Not applicable.

 

** **

**EXPLANATORY NOTES**

The Colorado Mills Mortgage Loan, whichconstituted approximately 11.4% of the asset pool of the issuing entity as ofits cut-off date, is an asset of the issuing entity and is part of a loancombination that includes the Colorado Mills Mortgage Loan and one other *paripassu* loan, which is not an asset of the issuing entity. This loan combination,including the Colorado Mills Mortgage Loan, is being serviced and administeredpursuant to the Pooling and Servicing Agreement, which is incorporated byreference as Exhibit 4.1 to this Annual Report on Form 10-K. 

The Exhibit Index describes exhibitsprovided by certain parties (in their capacities indicated on the ExhibitIndex) with respect to the St. Johns Town Center Mortgage Loan, whichconstituted approximately 11.4% of the asset pool of the issuing entity as ofits cut-off date.  The St. Johns Town Center Mortgage Loan is an asset ofthe issuing entity and is part of a loan combination that includes the St.Johns Town Center Mortgage Loan, one other *pari passu* loan and onesubordinate companion loan, which are not assets of the issuing entity. Theother *pari passu* portion of the loan combination was securitized in theWFRBS Commercial Mortgage Trust 2014-C24 transaction, Commission File Number333-195164-02 (the “WFRBS 2014-C24 Transaction”). This loan combination,including the St. Johns Town Center Mortgage Loan, is being serviced andadministered pursuant to the pooling and servicing agreement for the WFRBS2014-C24 Transaction, which is incorporated by reference as Exhibit 4.2 to thisAnnual Report on Form 10-K.

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the AMCP Portfolio Mortgage Loan, whichconstituted approximately 0.9% of the asset pool of the issuing entity as ofits cut-off date.  The AMCP Portfolio Mortgage Loan is an asset of theissuing entity and is part of a loan combination that includes the AMCPPortfolio Mortgage Loan and one other *pari passu* loan, which is not anasset of the issuing entity. This loan combination, including the AMCPPortfolio Mortgage Loan, was serviced under the Pooling and Servicing Agreementfor the issuing entity prior to the closing of the securitization of the other *paripassu* portion of the AMCP Portfolio loan combination in the Wells FargoCommercial Mortgage Trust 2015-C26 transaction, Commission File Number333-195164-04 (the “WFCMT 2015-C26 Transaction”).  After theclosing of the WFCMT 2015-C26 Transaction on February 13, 2015, this loancombination, including the AMCP Portfolio Mortgage Loan was, and will continueto be, serviced and administered pursuant to the pooling and servicingagreement with respect to the WFCMT 2015-C26 Transaction, which is incorporatedby reference as Exhibit 4.3 to this Annual Report on Form 10-K.

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

Wells Fargo Bank, NationalAssociation is the master servicer (but not theprimary servicer with respect to those mortgage loans for which PGIM RealEstate Loan Services, Inc. (formerly known as Prudential Asset Resources, Inc.)is the primary servicer) and certificate administrator of the mortgageloans serviced under the Pooling and Servicing Agreement and the primaryservicer of the St. Johns Town Center Mortgage Loan and the AMCP PortfolioMortgage Loan. As a result, Wells Fargo Bank, National Association is a “servicer”as defined in Item 1108(a)(2)(iii) of Regulation AB, in the capacitiesdescribed above, because it is servicing mortgage loans that constituted 10% ormore of the assets of the issuing entity as of its cut-off date. Theassessments of compliance with applicable servicing criteria, accountants’attestation reports and servicer compliance statements delivered by Wells FargoBank, National Association in the capacities described above are listed in theExhibit Index.

Wells Fargo Bank, National Association is the custodian ofthe mortgage loans serviced under the Pooling and Servicing Agreement, the St.Johns Town Center Mortgage Loan and the AMCP Portfolio Mortgage Loan.  Asa result, Wells Fargo Bank, National Association is a servicing function participantin the capacities described above, because it is servicing mortgage loans thatconstituted 5% or more of the assets of the issuing entity as of its cut-offdate. The assessments of compliance with applicable servicing criteria andaccountants’ attestation reports delivered by Wells Fargo Bank, NationalAssociation in the capacities described above are listed in the Exhibit Index.

Pentalpha Surveillance LLC is thetrust advisor of the St. Johns Town Center Mortgage Loan and the AMCP PortfolioMortgage Loan.  As a result, Pentalpha Surveillance LLC is a servicingfunction participant in the capacities described above, because it is servicingmortgage loans that constituted 5% or more of the assets of the issuing entityas of its cut-off date. The assessments of compliance with applicable servicingcriteria and accountants’ attestation reports delivered by PentalphaSurveillance LLC in the capacities described above are listed in the ExhibitIndex.

Wilmington Trust, NationalAssociation acts as trustee of the mortgage loans serviced under the Poolingand Servicing Agreement, the St. Johns Town Center Mortgage Loan and the AMCPPortfolio Mortgage Loan.  Pursuant to the Pooling and Servicing Agreement,the pooling and servicing agreement for the WFRBS 2014-C24 Transaction and thepooling and servicing agreement for the WFCMT 2015-C26 Transaction, the trusteeis required to provide an assessment of compliance with applicable servicingcriteria solely with respect to Item 1122(d)(2)(iii) of Regulation AB (regardingadvances of funds or guarantees regarding collections, cash flows ordistributions, and any interest or other fees charged for such advances, aremade, reviewed and approved as specified in the transaction agreements).However, during the reporting period, the trustee did not perform any servicingfunction with respect to the servicing criteria specified in Item1122(d)(2)(iii) of Regulation AB.  The master servicer or the specialservicer, to the extent required, performed the servicing function identifiedwith respect to Item 1122(d)(2)(iii) of Regulation AB, and each such partyincluded Item 1122(d)(2)(iii) of Regulation AB in the assessment of compliancewith applicable servicing criteria and accountant’s attestation report for thesubject transaction.  As a result, this Annual Report on Form 10-K doesnot include an assessment of compliance with applicable servicing criteria ofthe trustee. One or more other servicers of the mortgage loans serviced underthe Pooling and Servicing Agreement, the St. Johns Town Center Mortgage Loanand the AMCP Portfolio Mortgage Loan have delivered one or more assessments ofcompliance with respect to Item 1122(d)(2)(iii) of Regulation AB.

This Annual Report on Form 10-K includes assessments ofcompliance with applicable servicing criteria and accountants’ attestationreports from CoreLogic Solutions, LLC.  This entity was engaged by themaster servicer under the Pooling and Servicing Agreement (except with respectto those mortgage loans for which PGIM Real Estate Loan Services, Inc.(formerly known as Prudential Asset Resources, Inc.) is the primary servicer),the primary servicer under the Pooling and Servicing Agreement and the primaryservicer of the St. Johns Town Center Mortgage Loan and the AMCP PortfolioMortgage Loan to remit tax payments received from the escrow accounts ofborrowers to local taxing authorities, to report tax amounts due, to verify taxparcel information, and to verify non-escrow tax payments. With respect to thereports provided as servicing function participant on behalf of Wells FargoBank, National Association, these servicing functions are included within theservicing criteria set forth in Items 1122(d)(4)(xi) and 1122(d)(4)(xii) ofRegulation AB.  With respect to the reports provided as servicing functionparticipant on behalf of PGIM Real Estate Loan Services, Inc. (formerly knownas Prudential Asset Resources, Inc.), these servicing functions are includedwithin the servicing criteria set forth in Items 1122(d)(2)(ii),1122(d)(2)(vi), 1122(d)(4)(xi) and 1122(d)(4)(xii) of Regulation AB. Therefore, under the principles-based definition of “servicer” set forth inItem 1101(j) of Regulation AB that looks to the functions that an entityperforms, this vendor is a “servicer” for the purposes of Item 1122 ofRegulation AB.  *See* Compliance and DisclosureInterpretations, Section 301.01 (Item 1101(j)).

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

The assessments of compliance withapplicable servicing criteria, accountants’ attestation reports and servicercompliance statements of the certificate administrator of the St. Johns TownCenter Mortgage Loan and the AMCP Portfolio Mortgage Loan are omitted from thisAnnual Report on Form 10-K as the certificate administrator pursuant to therelated pooling and servicing agreement or trust and servicing agreement doesnot perform any activities that address servicing criteria with respect to theissuing entity and because they are each not a “servicer” that meets thecriteria in Item 1108(a)(2)(i) through (iii) of Regulation AB.

With respect to the *pari passu*loan combination that includes the AMCP Portfolio Mortgage Loan, (i) the reporton assessment of compliance with servicing criteria and attestation report onassessment of compliance with servicing criteria of Midland Loan Services, aDivision of PNC Bank, National Association as special servicer of the AMCPPortfolio Mortgage Loan, listed on the Exhibit Index are omitted from thisAnnual Report on Form 10-K as they are not required to be included on thisAnnual Report on Form 10-K per Instruction 3 to Item 1122 of Regulation AB becauseit is a party performing activities that address servicing criteria relating to5% or less of the assets of the issuing entity; and (ii) the servicercompliance statement of Midland Loan Services, a Division of PNC Bank, NationalAssociation as special servicer of the AMCP Portfolio Mortgage Loan, listed onthe Exhibit Index is omitted from this Annual Report on Form 10-K as it is notrequired by Item 1123 of Regulation AB to be included on this Annual Report onForm 10-K because it is an unaffiliated party that is not a “servicer” thatmeets the criteria in Item 1108(a)(2)(i) through (iii) of Regulation AB.

**PART I**

**Item 1.  Business.**

Omitted.

**Item 1A.  Risk Factors.**

Omitted.

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

None. 

**Item 1C.  Cybersecurity.**

Omitted.

**Item 2.  Properties.**

Omitted.

**Item 3.  Legal Proceedings.**

Omitted.

**Item 4.  Mine Safety Disclosures.**

Not applicable.

**PART II**

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

Omitted.

**Item 6. **

[Reserved]

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

Omitted.

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

Omitted.

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

Omitted.

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

Omitted.

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

Omitted.

**Item 9B.  Other Information.**

None.

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

None.

**PART III**

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

Omitted.

**Item 11.  Executive Compensation.**

Omitted.

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

Omitted.

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

Omitted.

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

Omitted.

**ADDITIONAL DISCLOSURE ITEMS FOR REGULATION AB**

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

The St. Johns Town Center MortgageLoan (Mortgage Loan Number 1 on Annex A of the prospectus supplement of theregistrant relating to the issuing entity filed on December 12, 2014 pursuantto Rule 424(b)(5)) constitutes a significant obligor within the meaning of Item1101(k)(2) of Regulation AB as disclosed in the prospectus supplement. Inaccordance with Item 1112(b) of Regulation AB, the most recent unaudited netoperating income of the significant obligor was $44,806,398.98 for the twelve-month period ended December 31, 2023.

The Colorado Mills Mortgage Loan(Mortgage Loan Number 2 on Annex A of the prospectus supplement of the registrantrelating to the issuing entity filed on December 12, 2014 pursuant to Rule424(b)(5)) constitutes a significant obligor within the meaning of Item1101(k)(2) of Regulation AB as disclosed in the prospectus supplement. Inaccordance with Item 1112(b) of Regulation AB, the most recent unaudited netoperating income of the significant obligor was $17,508,154.82 for the twelve-month period ended December 31, 2023.

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

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

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

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

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

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

In December 2014, Phoenix Light SFLimited (Phoenix Light) and certain related entities filed a complaint in theUnited States District Court for the Southern District of New York alleging claimsagainst Wells Fargo Bank, N.A., in its capacity as trustee for a number ofresidential mortgage-backed securities (RMBS) trusts. Complaints raisingsimilar allegations have been filed by Commerzbank AG in the Southern Districtof New York, IKB International and IKB Deutsche Industriebank (together, IKB)in New York state court, and Park Royal I LLC and Park Royal II LLC in New Yorkstate court. In each case, the plaintiffs allege that Wells Fargo Bank, N.A.,as trustee, caused losses to investors, and plaintiffs assert causes of actionbased upon, among other things, the trustee’s alleged failure to notify andenforce repurchase obligations of mortgage loan sellers for purported breachesof representations and warranties, notify investors of alleged events ofdefault, and abide by appropriate standards of care following alleged events ofdefault. In July 2022, the district court dismissed Phoenix Light’s claims andcertain of the claims asserted by Commerzbank AG, and subsequently enteredjudgment in each case in favor of Wells Fargo Bank, N.A. In August 2022,Phoenix Light and Commerzbank AG each appealed the district court’s decision tothe United States Court of Appeals for the Second Circuit. Phoenix Lightdismissed its appeal in May 2023, terminating its case. In November 2023, WellsFargo Bank, N.A. entered into an agreement with IKB to resolve IKB’s claims.Wells Fargo Bank, N.A. previously settled two class actions filed byinstitutional investors and an action filed by the National Credit Union Administrationwith similar allegations.

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

The information regarding this Item has been previouslyprovided in a prospectus supplement of the Registrant relating to the issuingentity filed on December 12, 2014 pursuant to Rule 424(b)(5).

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

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

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the St. Johns Town Center MortgageLoan, which is being serviced and administered pursuant to the pooling and servicingagreement for the WFRBS 2014-C24 Transaction, are attached hereto under Item 15to this Annual Report on Form 10-K. Attached as Schedule III to the pooling andservicing agreement for the WFRBS 2014-C24 Transaction incorporated byreference as Exhibit 4.2 to this Annual Report on Form 10-K is a chartidentifying the entities participating in a servicing function for the WFRBS2014-C24 Transaction responsible for each applicable servicing criteria setforth in Item 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the AMCP Portfolio Mortgage Loan,which is being serviced and administered pursuant to the pooling and servicingagreement for the WFCMT 2015-C26 Transaction, are attached hereto under Item 15to this Annual Report on Form 10-K. Attached as Schedule III to the pooling andservicing agreement for the WFCMT 2015-C26 Transaction incorporated byreference as Exhibit 4.3 to this Annual Report on Form 10-K is a chartidentifying the entities participating in a servicing function for the WFCMT2015-C26 Transaction responsible for each applicable servicing criteria setforth in Item 1122(d).

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

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

**PART IV**

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

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

(1) Not applicable

(2) Not applicable

(3) See below

 

 

4.1          Pooling and Servicing Agreement, dated as of December 1,2014, by and among RBS Commercial Funding Inc., as Depositor, Wells Fargo Bank,National Association, as Master Servicer, CWCapital Asset Management LLC, asSpecial Servicer, TriMont Real Estate Advisors, Inc., as Trust Advisor, WellsFargo Bank, National Association, as Certificate Administrator, as TaxAdministrator and as Custodian, and Wilmington Trust, National Association, asTrustee (filed as Exhibit 4.1 to the registrant’s Current Report on Form 8-Kfiled on December 12, 2014 under Commission File No. 333-197550-02 andincorporated by reference herein).

4.2          Pooling and Servicing Agreement, dated as of November 1,2014, by and among Wells Fargo Commercial Mortgage Securities, Inc., asDepositor, Wells Fargo Bank, National Association, as Master Servicer, RialtoCapital Advisors, LLC, as Special Servicer, Pentalpha Surveillance LLC, asTrust Advisor, Wells Fargo Bank, National Association, as CertificateAdministrator, as Tax Administrator and as Custodian, and Wilmington Trust,National Association, as Trustee (filed as Exhibit 4.2 to the registrant’sCurrent Report on Form 8-K filed on December 12, 2014 under Commission File No.333-197550-02 and incorporated by reference herein).

4.3          Pooling and Servicing Agreement, dated as of February 1,2015, by and among Wells Fargo Commercial Mortgage Securities, Inc., asDepositor, Wells Fargo Bank, National Association, as General Master Servicer,Midland Loan Services, a Division of PNC Bank, National Association, as GeneralSpecial Servicer, National Cooperative Bank, N.A., as NCB Master Servicer, NationalCooperative Bank, N.A., as NCB Special Servicer, Pentalpha Surveillance LLC, asTrust Advisor, Wells Fargo Bank, National Association, as CertificateAdministrator, as Tax Administrator and as Custodian, and Wilmington Trust,National Association, as Trustee (filed as Exhibit 99.1 to the registrant’sCurrent Report on Form 8-K filed on March 21, 2016 under Commission File No.333-197550-02 and incorporated by reference herein).

 

 

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

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

33.1        Wells Fargo Bank, National Association, as MasterServicer

33.2        CWCapital Asset Management LLC, as Special Servicer

33.3        Wilmington Trust, National Association, as Trustee (Omitted. See ExplanatoryNotes.)

33.4        Wells Fargo Bank, National Association, asCertificate Administrator

33.5        Wells Fargo Bank, National Association, asCustodian

33.6        BellOak, LLC, as Trust Advisor

33.7        CoreLogic Solutions, LLC, as Servicing FunctionParticipant

33.8        PGIM Real Estate Loan Services, Inc. (formerlyknown as Prudential Asset Resources, Inc.), as Primary Servicer

33.9        CoreLogic Solutions, LLC, as Servicing FunctionParticipant for PGIM Real Estate Loan Services, Inc. (formerly known asPrudential Asset Resources, Inc.) (see Exhibit 33.7)

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

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

33.12      Wells Fargo Bank, National Association, as PrimaryServicer of the Colorado Mills Mortgage Loan (see Exhibit 33.1)

33.13      CWCapital Asset Management LLC, as Special Servicerof the Colorado Mills Mortgage Loan (see Exhibit 33.2)

33.14      Wilmington Trust, National Association, as Trustee of the Colorado MillsMortgage Loan (Omitted. See Explanatory Notes.)

33.15      Wells Fargo Bank, National Association, asCustodian of the Colorado Mills Mortgage Loan (see Exhibit 33.5)

33.16      BellOak, LLC, as Trust Advisor of the ColoradoMills Mortgage Loan (see Exhibit 33.6)

33.17      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the Colorado Mills Mortgage Loan (see Exhibit 33.7)

33.18      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 33.11)

33.19      Wells Fargo Bank, National Association, as PrimaryServicer of the St. Johns Town Center Mortgage Loan (see Exhibit 33.1)

33.20      Rialto Capital Advisors, LLC, as Special Servicerof the St. Johns Town Center Mortgage Loan

33.21      Wilmington Trust, National Association, as Trustee of the St. Johns Town CenterMortgage Loan (Omitted. See Explanatory Notes.)

33.22      Wells Fargo Bank, National Association, asCustodian of the St. Johns Town Center Mortgage Loan (see Exhibit 33.5)

33.23      Pentalpha Surveillance LLC, as Trust Advisor ofthe St. Johns Town Center Mortgage Loan

33.24      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the St. Johns Town Center Mortgage Loan (see Exhibit 33.7)

33.25      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 33.11)

33.26      Wells Fargo Bank, National Association, as PrimaryServicer of the AMCP Portfolio Mortgage Loan (see Exhibit 33.1)

33.27      Midland Loan Services, a Division of PNC Bank, National Association, as SpecialServicer of the AMCP Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

33.28      Wilmington Trust, National Association, as Trustee of the AMCP PortfolioMortgage Loan (Omitted. See Explanatory Notes.)

33.29      Wells Fargo Bank, National Association, asCustodian of the AMCP Portfolio Mortgage Loan (see Exhibit 33.5)

33.30      Pentalpha Surveillance LLC, as Trust Advisor ofthe AMCP Portfolio Mortgage Loan (see Exhibit 33.23)

33.31      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the AMCP Portfolio Mortgage Loan (see Exhibit 33.7)

33.32      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 33.11)

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

34.1        Wells Fargo Bank, National Association, as MasterServicer

34.2        CWCapital Asset Management LLC, as Special Servicer

34.3        Wilmington Trust, National Association, as Trustee (Omitted. See ExplanatoryNotes.)

34.4        Wells Fargo Bank, National Association, asCertificate Administrator

34.5        Wells Fargo Bank, National Association, asCustodian

34.6        BellOak, LLC, as Trust Advisor

34.7        CoreLogic Solutions, LLC, as Servicing FunctionParticipant

34.8        PGIM Real Estate Loan Services, Inc. (formerlyknown as Prudential Asset Resources, Inc.), as Primary Servicer

34.9        CoreLogic Solutions, LLC, as Servicing FunctionParticipant for PGIM Real Estate Loan Services, Inc. (formerly known asPrudential Asset Resources, Inc.) (see Exhibit 34.7)

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

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

34.12      Wells Fargo Bank, National Association, as PrimaryServicer of the Colorado Mills Mortgage Loan (see Exhibit 34.1)

34.13      CWCapital Asset Management LLC, as Special Servicerof the Colorado Mills Mortgage Loan (see Exhibit 34.2)

34.14      Wilmington Trust, National Association, as Trustee of the Colorado MillsMortgage Loan (Omitted. See Explanatory Notes.)

34.15      Wells Fargo Bank, National Association, asCustodian of the Colorado Mills Mortgage Loan (see Exhibit 34.5)

34.16      BellOak, LLC, as Trust Advisor of the ColoradoMills Mortgage Loan (see Exhibit 34.6)

34.17      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the Colorado Mills Mortgage Loan (see Exhibit 34.7)

34.18      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 34.11)

34.19      Wells Fargo Bank, National Association, as PrimaryServicer of the St. Johns Town Center Mortgage Loan (see Exhibit 34.1)

34.20      Rialto Capital Advisors, LLC, as Special Servicerof the St. Johns Town Center Mortgage Loan

34.21      Wilmington Trust, National Association, as Trustee of the St. Johns Town CenterMortgage Loan (Omitted. See Explanatory Notes.)

34.22      Wells Fargo Bank, National Association, asCustodian of the St. Johns Town Center Mortgage Loan (see Exhibit 34.5)

34.23      Pentalpha Surveillance LLC, as Trust Advisor ofthe St. Johns Town Center Mortgage Loan

34.24      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the St. Johns Town Center Mortgage Loan (see Exhibit 34.7)

34.25      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 34.11)

34.26      Wells Fargo Bank, National Association, as PrimaryServicer of the AMCP Portfolio Mortgage Loan (see Exhibit 34.1)

34.27      Midland Loan Services, a Division of PNC Bank, National Association, as SpecialServicer of the AMCP Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

34.28      Wilmington Trust, National Association, as Trustee of the AMCP PortfolioMortgage Loan (Omitted. See Explanatory Notes.)

34.29      Wells Fargo Bank, National Association, asCustodian of the AMCP Portfolio Mortgage Loan (see Exhibit 34.5)

34.30      Pentalpha Surveillance LLC, as Trust Advisor ofthe AMCP Portfolio Mortgage Loan (see Exhibit 34.23)

34.31      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the AMCP Portfolio Mortgage Loan (see Exhibit 34.7)

34.32      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 34.11)

35           Servicer compliance statements.

35.1        Wells Fargo Bank, National Association, as MasterServicer

35.2        CWCapital Asset Management LLC, as Special Servicer

35.3        Wells Fargo Bank, National Association, asCertificate Administrator

35.4        PGIM Real Estate Loan Services, Inc. (formerlyknown as Prudential Asset Resources, Inc.), as Primary Servicer

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

35.6        Wells Fargo Bank, National Association, as PrimaryServicer of the Colorado Mills Mortgage Loan (see Exhibit 35.1)

35.7        CWCapital Asset Management LLC, as Special Servicerof the Colorado Mills Mortgage Loan (see Exhibit 35.2)

35.8        Wells Fargo Bank, National Association, as PrimaryServicer of the St. Johns Town Center Mortgage Loan (see Exhibit 35.1)

35.9        Rialto Capital Advisors, LLC, as Special Servicerof the St. Johns Town Center Mortgage Loan

35.10      Wells Fargo Bank, National Association, as PrimaryServicer of the AMCP Portfolio Mortgage Loan (see Exhibit 35.1)

35.11      Midland Loan Services, a Division of PNC Bank, National Association, as SpecialServicer of the AMCP Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

99.1        Mortgage Loan Purchase Agreement, dated as of November18, 2014, between RBS Commercial Funding Inc. and The Royal Bank of Scotlandplc (filed as Exhibit 99.2 to the registrant’s Current Report on Form 8-K filedon December 12, 2014 under Commission File No. 333-197550-02 and incorporatedby reference herein)

99.2         Mortgage Loan Purchase Agreement, dated as of November18, 2014, between RBS Commercial Funding Inc. and Wells Fargo Bank, NationalAssociation (filed as Exhibit 99.1 to the registrant’s Current Report on Form8-K filed on December 12, 2014 under Commission File No. 333-197550-02 andincorporated by reference herein)

99.3         Mortgage Loan Purchase Agreement, dated as of November18, 2014, between RBS Commercial Funding Inc. and Rialto Mortgage Finance, LLC (filedas Exhibit 99.3 to the registrant’s Current Report on Form 8-K filed onDecember 12, 2014 under Commission File No. 333-197550-02 and incorporated byreference herein)

99.4         Mortgage Loan Purchase Agreement, dated as of November18, 2014, between RBS Commercial Funding Inc. and Silverpeak Real EstateFinance LLC (filed as Exhibit 99.4 to the registrant’s Current Report on Form8-K filed on December 12, 2014 under Commission File No. 333-197550-02 andincorporated by reference herein)

99.5         Mortgage Loan Purchase Agreement, dated as of November18, 2014, among RBS Commercial Funding Inc., Basis Real Estate Capital II, LLCand Basis Investment Group LLC (filed as Exhibit 99.5 to the registrant’sCurrent Report on Form 8-K filed on December 12, 2014 under Commission File No.333-197550-02 and incorporated by reference herein)

99.6         Mortgage Loan Purchase Agreement, dated as of November18, 2014, between RBS Commercial Funding Inc. and C-III Commercial Mortgage LLC(filed as Exhibit 99.6 to the registrant’s Current Report on Form 8-K filed onDecember 12, 2014 under Commission File No. 333-197550-02 and incorporated byreference herein)

99.7         Mortgage Loan Purchase Agreement, dated as of November18, 2014, among RBS Commercial Funding Inc., Liberty Island Group I LLC andLiberty Island Group LLC (filed as Exhibit 99.7 to the registrant’s CurrentReport on Form 8-K filed on December 12, 2014 under Commission File No.333-197550-02 and incorporated by reference herein)

99.8         Primary Servicing Agreement, dated as of December 1,2014, between Wells Fargo Bank, National Association and Prudential AssetResources, Inc. (filed as Exhibit 99.8 to the registrant’s Current Report onForm 8-K filed on December 12, 2014 under Commission File No. 333-197550-02 andincorporated by reference herein)

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

(c)    Not Applicable.

 

**SIGNATURES**

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

RBS Commercial Funding Inc.(Depositor)

/s/ Adam Trebing

AdamTrebing, President

(senior officer in charge ofsecuritization of the depositor)

Date: March 18, 2024