**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, 2021or**

**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: 333-195164-05**

**Central Index Key Number of the issuing entity:0001633533**

**Wells Fargo Commercial MortgageTrust 2015-C27**

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

** **

**Central Index Key Number of the depositor: 0000850779**

**Wells Fargo Commercial MortgageSecurities, Inc.**

**(exact name of the depositor 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: 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: 0001634437**

**Macquarie US Trading 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)**

** **

**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: 0001542105**

**Basis Real Estate Capital II, 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)** | **38-3955409**

**38-3955410**

**38-3955411**

**38-7135300**

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

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

**c/o 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:**

**(704) 374-6161**

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 and posted on its corporate Web site, if any, every InteractiveData File required to be submitted and posted 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 and postsuch files).

Not applicable.

Indicate by check mark if disclosure of delinquent filerspursuant to Item 405 of Regulation S-K (Section 229.405 of this chapter) is notcontained herein, and will not be contained, to the best of registrant’sknowledge, in definitive proxy or information statements incorporated byreference in Part III of this Form 10-K or any amendment to this Form10-K.   

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                                                                                                       Acceleratedfiler                                     o

Non-acceleratedfiler          ⌧  (Do not check ifa smaller reporting company)                          Smaller reporting company                    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

Indicate by check mark whether the registrant is a shell company(as defined in Rule 12b-2 of the Act).  oYes ⌧ 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 Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the Boca Hamptons Plaza Portfolio Mortgage Loan,which constituted approximately 1.7% of the asset pool of the issuing entity asof its cut-off date.  The Boca Hamptons Plaza Portfolio Mortgage Loan isan asset of the issuing entity and is part of a loan combination that includesthe Boca Hamptons Plaza Portfolio Mortgage Loan and one other *pari passu*loan, which is not an asset of the issuing entity. The other *pari passu*portion of the loan combination was securitized in the Citigroup CommercialMortgage Trust 2015-GC27 transaction, Commission File Number 333-189017-07 (the“CGCMT 2015-GC27 Transaction”). This loan combination, including theBoca Hamptons Plaza Portfolio Mortgage Loan, is being serviced and administeredpursuant to the pooling and servicing agreement for the CGCMT 2015-GC27Transaction, which is incorporated by reference as Exhibit 4.2 to this AnnualReport on Form 10-K.

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the Westfield Palm Desert Mortgage Loan, whichconstituted approximately 6.0% of the asset pool of the issuing entity as ofits cut-off date.  The Westfield Palm Desert Mortgage Loan is an asset ofthe issuing entity and is part of a loan combination that includes theWestfield Palm Desert Mortgage Loan, two other *pari passu* loans and twosubordinate companion loans, which are not assets of the issuing entity. A *paripassu* portion of the loan combination was securitized in the Morgan StanleyBank of America Merrill Lynch Trust 2015-C21 transaction, Commission FileNumber 333-180779-14 (the “MSBAM 2015-C21 Transaction”). This loancombination, including the Westfield Palm Desert Mortgage Loan, is beingserviced and administered pursuant to the pooling and servicing agreement forthe MSBAM 2015-C21 Transaction, which is incorporated by reference as Exhibit4.3 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 and certificate administrator of themortgage loans serviced under the Pooling and Servicing Agreement and theprimary servicer of the Boca Hamptons Plaza Portfolio Mortgage Loan. As aresult, Wells Fargo Bank, National Association is a “servicer” as defined inItem 1108(a)(2)(iii) of Regulation AB, in the capacities described above,because it is servicing mortgage loans that constituted 10% or more of theassets of the issuing entity as of its cut-off date. The assessments ofcompliance with applicable servicing criteria, accountants’ attestation reportsand servicer compliance statements delivered by Wells Fargo Bank, NationalAssociation in the capacities described above are listed in the Exhibit Index.

Rialto Capital Advisors, LLC isthe special servicer of the mortgage loans serviced under the Pooling andServicing Agreement and the Boca Hamptons Plaza Portfolio Mortgage Loan. As aresult, Rialto Capital Advisors, LLC is a “servicer” as defined in Item1108(a)(2)(iii) of Regulation AB, in the capacities described above, because itis servicing mortgage loans that constituted 10% or more of the assets of theissuing entity as of its cut-off date. The assessments of compliance withapplicable servicing criteria, accountants’ attestation reports and servicercompliance statements delivered by Rialto Capital Advisors, LLC in thecapacities described above are listed in the Exhibit Index.

LNR Partners, LLC is the specialservicer of the Westfield Palm Desert Mortgage Loan, which constitutedapproximately 6.0%, of the asset pool of the issuing entity as of its cut-offdate. In accordance with the Compliance and Disclosure Interpretations, Section200.03 (Rules 13a-18 and 15d-18, Servicer’s Assessment of Compliance), thispercentage must be reduced *pro rata*because it was only acting asspecial servicer of the Westfield Palm Desert Mortgage Loan from January 1,2021 to August 15, 2021. As a result, it falls below the *de minimis*requirementsin Item 1122 of Regulation AB and no such assessment or attestation isrequired.

Mount Street US (Georgia) LLP isthe special servicer of the Westfield Palm Desert Mortgage Loan, whichconstituted approximately 6.0%, of the asset pool of the issuing entity as ofits cut-off date. In accordance with the Compliance and DisclosureInterpretations, Section 200.03 (Rules 13a-18 and 15d-18, Servicer’s Assessmentof Compliance), this percentage must be reduced *pro rata*because it wasonly acting as special servicer of the Westfield Palm Desert Mortgage Loan fromAugust 16, 2021 to December 31, 2021. As a result, it falls below the *deminimis*requirements in Item 1122 of Regulation AB and no such assessmentor attestation is required.

Wells Fargo Bank, NationalAssociation acts as trustee of the Westfield Palm Desert Mortgage Loan. Pursuant to the pooling and servicing agreement for the MSBAM 2015-C21Transaction, the trustee is required to provide an assessment of compliancewith applicable servicing criteria solely with respect to Item 1122(d)(2)(iii)of Regulation AB (regarding advances of funds or guarantees regardingcollections, cash flows or distributions, and any interest or other feescharged for such advances, are made, reviewed and approved as specified in thetransaction agreements). However, during the reporting period, the trustee didnot perform any servicing function with respect to the servicing criteriaspecified in Item 1122(d)(2)(iii) of Regulation AB.  The master serviceror the special servicer, to the extent required, performed the servicingfunction identified with respect to Item 1122(d)(2)(iii) of Regulation AB, andeach such party included Item 1122(d)(2)(iii) of Regulation AB in theassessment of compliance with applicable servicing criteria and accountant’sattestation report for the subject transaction.  As a result, this AnnualReport on Form 10-K does not include an assessment of compliance withapplicable servicing criteria of the trustee. One or more other servicers ofthe Westfield Palm Desert Mortgage Loan have delivered one or more assessmentsof compliance with respect to Item 1122(d)(2)(iii) of Regulation AB.

Wilmington Trust, NationalAssociation acts as trustee of  the mortgage loans serviced under thePooling and Servicing Agreement.  Pursuant to the Pooling and ServicingAgreement, the trustee is required to provide an assessment of compliance withapplicable servicing criteria solely with respect to Item 1122(d)(2)(iii) ofRegulation AB (regarding advances of funds or guarantees regarding collections,cash flows or distributions, and any interest or other fees charged for suchadvances, are made, reviewed and approved as specified in the transactionagreements). However, during the reporting period, the trustee did not performany servicing function 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 servicedunder the Pooling and Servicing Agreement have delivered one or moreassessments of compliance with respect to Item 1122(d)(2)(iii) of RegulationAB.

Deutsche Bank Trust CompanyAmericas acts as trustee of the Boca Hamptons Plaza Portfolio MortgageLoan.  Pursuant to the pooling and servicing agreement for the CGCMT2015-GC27 Transaction, the trustee is required to provide an assessment ofcompliance with applicable servicing criteria solely with respect to Item1122(d)(2)(iii) of Regulation AB (regarding advances of funds or guaranteesregarding collections, cash flows or distributions, and any interest or otherfees charged for such advances, are made, reviewed and approved as specified inthe transaction agreements). However, during the reporting period, the trusteedid not perform any servicing function with respect to the servicing criteriaspecified in Item 1122(d)(2)(iii) of Regulation AB.  The master serviceror the special servicer, to the extent required, performed the servicingfunction identified with respect to Item 1122(d)(2)(iii) of Regulation AB, andeach such party included Item 1122(d)(2)(iii) of Regulation AB in theassessment of compliance with applicable servicing criteria and accountant’sattestation report for the subject transaction.  As a result, this AnnualReport on Form 10-K does not include an assessment of compliance withapplicable servicing criteria of the trustee. One or more other servicers ofthe Boca Hamptons Plaza Portfolio Mortgage Loan have delivered one or moreassessments of compliance with respect to Item 1122(d)(2)(iii) of RegulationAB.

This AnnualReport on Form 10-K includes assessments of compliance with applicableservicing criteria and accountants’ attestation reports from CoreLogicSolutions, LLC.  These entity was engaged by the master servicer under thePooling and Servicing Agreement (except with respect to those mortgage loansfor which PGIM Real Estate Loan Services, Inc. (formerly known as PrudentialAsset Resources, Inc.) is the primary servicer), the primary servicer under thePooling and Servicing Agreement and the primary servicer of the Boca HamptonsPlaza Portfolio Mortgage Loan to remit tax payments received from the escrowaccounts of borrowers to local taxing authorities, to report tax amounts due,to verify tax parcel information, and to verify non-escrow tax payments. With respect to the reports provided as servicing function participant onbehalf of Wells Fargo Bank, National Association, these servicing functions areincluded within the servicing criteria set forth in Items 1122(d)(4)(xi) and1122(d)(4)(xii) of Regulation AB.  With respect to the reports provided asservicing function participant on behalf of PGIM Real Estate Loan Services Inc.(formerly known as Prudential Asset Resources, Inc.), these servicing functionsare included within the servicing criteria set forth in Items 1122(d)(2)(ii),1122(d)(2)(vi), 1122(d)(4)(xi) and 1122(d)(4)(xii) or 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 of RegulationAB.  *See* Compliance and Disclosure Interpretations, Section 301.01(Item 1101(j)).

This Annual Report on Form 10-Kincludes an assessment of compliance with applicable servicing criteria,accountants’ attestation report and servicer compliance statement fromComputershare Trust Company, National Association (“CTCNA”).  CTCNAwas engaged by Wells Fargo Bank, National Association (“Wells Fargo”),in its capacity as certificate administrator and custodian, to perform certainspecified servicing functions identified in the assessment of compliance withapplicable servicing criteria and accountants’ attestation reports.  WellsFargo engaged CTCNA in connection with the sale of Wells Fargo’s corporatetrust services business to CTCNA and its affiliates.  Further, under theprinciples-based definition of “servicer” set forth in Item 1101(j) ofRegulation AB that looks to the functions that an entity performs, this partyis a “servicer” for the purposes of Item 1123 of Regulation AB.  SeeCompliance 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 Westfield PalmDesert Mortgage Loan and the Boca Hamptons Plaza Portfolio Mortgage Loan areomitted from this Annual Report on Form 10-K as the certificate administratorpursuant to the related pooling and servicing agreement or trust and servicingagreement does not perform any activities that address servicing criteria withrespect to the issuing entity and because they are each not a “servicer” thatmeets the criteria in Item 1108(a)(2)(i) through (iii) of Regulation AB.

With respect to the *pari passu*loan combinations that include the Westfield Palm Desert Mortgage Loan and theBoca Hamptons Plaza Portfolio Mortgage Loan, (i) the reports on assessment ofcompliance with servicing criteria and attestation reports on assessment ofcompliance with servicing criteria of Deutsche Bank Trust Company Americas ascustodian of the Boca Hamptons Plaza Portfolio Mortgage Loan and Park BridgeLender Services LLC as operating advisor of the Boca Hamptons Plaza PortfolioMortgage Loan, listed on the Exhibit Index are omitted from this Annual Reporton Form 10-K as they are not required to be included on this Annual Report onForm 10-K per Instruction 3 to Item 1122 of Regulation AB because they areparties performing activities that address servicing criteria relating to 5% orless of the assets of the issuing entity, and the reports on assessment ofcompliance with servicing criteria and attestation reports on assessment ofcompliance with servicing criteria of LNR Partners, LLC as special servicer ofthe Westfield Palm Desert Mortgage Loan prior to August 16, 2021 and MountStreet US (Georgia) LLP as special servicer of the Westfield Palm DesertMortgage Loan on and after August 16, 2021 listed on the Exhibit Index areomitted from this Annual Report on Form 10-K for the reasons set forth in theExplanatory Notes above; and (ii) the servicer compliance statements of KeyBankNational Association as primary servicer of the Westfield Palm Desert MortgageLoan, LNR Partners, LLC as special servicer of the Westfield Palm DesertMortgage Loan prior to August 16, 2021 and Mount Street US (Georgia) LLP asspecial servicer of the Westfield Palm Desert Mortgage Loan on and after August16, 2021, listed on the Exhibit Index are omitted from this Annual Report onForm 10-K as they are not required by Item 1123 of Regulation AB to be includedon this Annual Report on Form 10-K because they are each an unaffiliated partythat is not a “servicer” that meets 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 2.  Properties.**

Omitted.

**Item 3.  Legal Proceedings.**

Omitted.

**Item 4.  Mine Safety Disclosures.**

Not applicable.

**PART II**

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

Omitted.

**Item 6.  Selected Financial Data.**

Omitted.

**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.

**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 Accounting Fees and Services.**

Omitted.

**ADDITIONAL DISCLOSURE ITEMS FOR REGULATION AB**

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

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

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

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

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

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

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

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

 

In December 2014, Phoenix LightSF Limited and certain related entities and the National Credit Union Administration(NCUA) filed complaints in the United States District Court for the SouthernDistrict of New York against Wells Fargo Bank, alleging claims against WellsFargo Bank in its capacity as trustee for a number of residentialmortgage-backed securities trusts. Complaints raising similar allegations havebeen filed by Commerzbank AG in the Southern District of New York and by IKBInternational and IKB Deutsche Industriebank in New York state court. In eachcase, the plaintiffs allege that Wells Fargo Bank, 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. Wells FargoBank previously settled two class action lawsuits with similar allegations thatwere filed in November 2014 and December 2016 by institutional investors in theSouthern District of New York and New York state court, respectively. Inaddition, Park Royal I LLC and Park Royal II LLC have filed complaints in NewYork state court alleging Wells Fargo Bank, N.A., as trustee, failed to takeappropriate actions upon learning of defective mortgage loan documentation. InMarch 2021, the Company entered into an agreement to resolve the case filed bythe NCUA.

 

In addition to the foregoingcases, in August 2014 and August 2015 Nomura Credit & Capital Inc. (“Nomura”)and Natixis Real Estate Holdings, LLC (“Natixis”) filed a total of seventhird-party complaints against Wells Fargo Bank in New York state court. In theunderlying first-party actions, Nomura and Natixis have been sued for allegedbreaches of representations and warranties made in connection with residentialmortgage-backed securities sponsored by them. In the third-party actions,Nomura and Natixis allege that Wells Fargo Bank, as master servicer, primaryservicer or securities administrator, failed to notify Nomura and Natixis oftheir own breaches, failed to properly oversee the primary servicers, andfailed to adhere to accepted servicing practices. Natixis additionally allegesthat Wells Fargo Bank failed to perform default oversight duties. Wells FargoBank has asserted counterclaims alleging that Nomura and Natixis failed toprovide Wells Fargo Bank notice of their representation and warranty breaches.

 With respect to each of the foregoing 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 relatedRMBS trusts.

Deutsche Bank Trust Company Americas (“DBTCA”) andDeutsche Bank National Trust Company (“DBNTC”) have been sued byinvestors in civil litigation concerning their role as trustees of certainresidential mortgage-backed securities (“RMBS”) trusts. 

On June 18, 2014, a group of investors, including fundsmanaged by Blackrock Advisors, LLC, PIMCO-Advisors, L.P., and others, filed anaction against DBNTC and DBTCA in New York State Supreme Court alleging thatDBNTC and DBTCA failed to perform purported duties, as trustees for 544private-label RMBS trusts, to enforce breaches of representations andwarranties as to mortgage loans held by the trusts and to enforce breaches byservicers of their mortgage loan servicing obligations for the trusts. During the course of the litigation, plaintiffs dismissed the case from NewYork State Supreme Court and refiled two separate cases, one in the U.S.District Court for the Southern District of New York (the “BlackRock SDNYCase”) and the other in the Superior Court of California, Orange County(the “BlackRock California Case”).  Pursuant to a settlement amongthe parties, the BlackRock SDNY Case was dismissed on December 6, 2018, and theBlackRock California Case was dismissed on January 11, 2019.

On September 27, 2017, DBTCA was added as a defendant to acase brought by certain special purpose entities including Phoenix Light SFLimited in the U.S. District Court for the Southern District of New York, inwhich the plaintiffs previously alleged incorrectly that DBNTC served astrustee for all 43 of the trusts at issue.  On September 27, 2017,plaintiffs filed a third amended complaint that names DBTCA as a defendant inaddition to DBNTC.  DBTCA serves as trustee for one of the 43 trusts atissue.  DBNTC serves as trustee for the other 42 trusts at issue. Plaintiffs’ third amended complaint brings claims for violation of the U.S.Trust Indenture Act of 1939 (“TIA”); breach of contract; breach offiduciary duty; negligence and gross negligence; violation of New York’s StreitAct; and breach of the covenant of good faith.  However, in the thirdamended complaint, plaintiffs acknowledge that, before DBTCA was added to thecase, the court dismissed plaintiffs’ TIA Act claims, negligence and grossnegligence claims, Streit Act claims, claims for breach of the covenant of goodfaith, and certain theories of plaintiffs’ breach of contract claims, andplaintiffs only include these claims to preserve any rights on appeal. Plaintiffs allege damages of “hundreds of millions of dollars.”  OnNovember 13, 2017, DBNTC and DBTCA filed an answer to the third amendedcomplaint.  On December 7, 2018, DBNTC and DBTCA filed a motion forsummary judgment.  Also on December 7, 2018, plaintiffs, jointly withCommerzbank AG (see description of Commerzbank case below), filed a motion forpartial summary judgment.  On October 27, 2021, DBNTC and DBTCA filed asupplemental motion for summary judgment relating to plaintiffs’standing.  On February 8, 2022, the court issued an order in which itgranted DBNTC and DBTCA’s supplemental motion for summary judgment, granted inpart DBNTC and DBTCA’s initial motion for summary judgment, and deniedplaintiffs’ motion for partial summary judgment.  As a result of thatorder, all of plaintiffs’ claims were dismissed with prejudice.

On November 30, 2017, DBTCA was added as a defendant to acase brought by Commerzbank AG (“Commerzbank”) in the U.S. DistrictCourt for the Southern District of New York, in which Commerzbank previouslyalleged incorrectly that DBNTC served as trustee for all 50 of the trusts atissue.  On November 30, 2017, Commerzbank filed a second amended complaintthat names DBTCA as a defendant in addition to DBNTC.  DBTCA serves astrustee for 1 of the 50 trusts at issue.  DBNTC serves as trustee for theother 49 trusts at issue.  Commerzbank’s second amended complaint bringsclaims for violation of the TIA; breach of contract; breach of fiduciary duty;negligence; violation of the Streit Act; and breach of the covenant of goodfaith.  However, in the second amended complaint, Commerzbank acknowledgesthat, before DBTCA was added to the case, the court dismissed Commerzbank’s TIAclaims for the trusts governed by pooling and servicing agreements, as well asits Streit Act claims and claims for breach of the covenant of good faith, andCommerzbank only includes these claims to preserve any rights on appeal. The second amended complaint alleges that DBNTC and DBTCA caused Commerzbank tosuffer “hundreds of millions of dollars in losses,” but the complaint does notinclude a demand for money damages in a sum certain.  On January 29, 2018,DBNTC and DBTCA filed an answer to the second amended complaint.  OnDecember 7, 2018, DBNTC and DBTCA filed a motion for summary judgment. Also on December 7, 2018, Commerzbank, jointly with the Phoenix Lightplaintiffs, filed a motion for partial summary judgment.  On February 8,2022, the court issued an order in which it granted in part DBNTC and DBTCA’smotion for summary judgment and denied plaintiffs’ motion for partial summaryjudgment.  As a result of that order, many of plaintiffs’ claims andtheories were dismissed with prejudice.  Discovery is ongoing.

On December 30, 2015, IKB International, S.A. in Liquidationand IKB Deutsche Industriebank A.G. (collectively, “IKB”), as aninvestor in 37 RMBS trusts, filed a summons with notice in the Supreme Court ofthe State of New York, New York County, against DBNTC and DBTCA as trustees ofthe trusts.  On May 27, 2016, IKB served its complaint asserting claimsfor breach of contract, breach of fiduciary duty, breach of duty to avoidconflicts of interest, violation of the Streit Act, violation of the TIA,violation of Regulation AB, and violation of Section 9 of the UniformCommercial Code.  IKB alleges that DBNTC and DBTCA are liable for overU.S. $268 million in damages.  On October 5, 2016, DBNTC and DBTCA,together with several other trustees defending lawsuits by IKB, filed a jointmotion to dismiss.  On January 6, 2017 and June 20, 2017, IKB voluntarilydismissed with prejudice all claims as to seven trusts.  On January 27,2021, the court granted in part and denied in part DBNTC and DBTCA’s motion todismiss.  The court granted the motion to dismiss with respect to IKB’sclaims for violations of the Streit Act, Regulation AB, and Section 9 of theUniform Commercial Code, as well as certain aspects of IKB’s claims for breachof contract, breach of fiduciary duty, and violation of the TIA.  Thecourt denied the remainder of the motion to dismiss.  IKB’s remainingclaims for breach of contract, breach of fiduciary duty, breach of duty toavoid conflicts of interest, and violation of the TIA will proceed.  OnMay 10, 2021, DBNTC and DBTCA filed a notice of appeal with the New YorkSupreme Court Appellate Division, First Department, regarding certain aspectsof the court’s order on the motion to dismiss.  That appeal has been fullybriefed.  On May 20, 2021, IKB filed a notice of cross appeal with respectto other aspects of that order.  That appeal is being briefed.  OnJune 2, 2021, IKB filed a motion for re-argument regarding certain aspects ofthe court’s order on the motion to dismiss, which the court denied on August 3,2021.  On May 13, 2021, DBNTC and DBTCA filed an answer to the complaint. On October 28, 2021, the parties filed a stipulation, voluntarily dismissingwith prejudice all claims as to seven additional trusts.  On December 29,2021, the parties filed a stipulation, voluntarily dismissing with prejudiceall claims as to one additional trust.  Discovery is ongoing.

It is DBTCA’s belief that it has no pending legal proceedings(including, based on DBTCA’s present evaluation, the litigation disclosed inthe foregoing paragraphs) that would materially affect its ability to performits duties under the related servicing agreement for this transaction.

**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 March 12, 2015 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 Boca Hamptons Plaza PortfolioMortgage Loan, which is being serviced and administered pursuant to the poolingand servicing agreement for the CGCMT 2015-GC27 Transaction, are attachedhereto under Item 15 to this Annual Report on Form 10-K. Attached as Exhibit Oto the pooling and servicing agreement for the CGCMT 2015-GC27 Transactionincorporated by reference as Exhibit 4.2 to this Annual Report on Form 10-K isa chart identifying the entities participating in a servicing function for theCGCMT 2015-GC27 Transaction responsible for each applicable servicing criteriaset 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 Westfield Palm Desert MortgageLoan, which is being serviced and administered pursuant to the pooling andservicing agreement for the MSBAM 2015-C21 Transaction, are attached heretounder Item 15 to this Annual Report on Form 10-K. Attached as Schedule X to thepooling and servicing agreement for the MSBAM 2015-C21 Transaction incorporatedby reference as Exhibit 4.3 to this Annual Report on Form 10-K is a chartidentifying the entities participating in a servicing function for the MSBAM2015-C21 Transaction responsible for each applicable servicing criteria set forthin 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. Exhibits, 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          Poolingand Servicing Agreement, dated as of March 1, 2015, by and among Wells FargoCommercial Mortgage Securities, Inc., as Depositor, Wells Fargo Bank, NationalAssociation, as Master Servicer, Rialto Capital Advisors, LLC, as SpecialServicer, Trimont Real Estate Advisors, Inc., as Trust Advisor, Wells FargoBank, National Association, as Certificate Administrator, as Tax Administratorand as Custodian, and Wilmington Trust, National Association, as Trustee (filedas Exhibit 4.1 to the registrant’s Current Report on Form 8-K filed on March13, 2015 under Commission File No. 333-195164-05 and incorporated by referenceherein).

4.2          Poolingand Servicing Agreement, dated as of February 1, 2015, by and among CitigroupCommercial Mortgage Securities Inc., as Depositor, Wells Fargo Bank, NationalAssociation, as Master Servicer, Midland Loan Services, a Division of PNC Bank,National Association, as Special Servicer, Park Bridge Lender Services LLC, asOperating Advisor, Citibank, N.A., as Certificate Administrator, and DeutscheBank Trust Company Americas, as Trustee (filed as Exhibit 4.4 to theregistrant’s Current Report on Form 8-K filed on March 13, 2015 underCommission File No. 333-195164-05 and incorporated by reference herein).

4.3          Poolingand Servicing Agreement, dated as of February 1, 2015, by and among MorganStanley Capital I Inc., as Depositor, KeyBank National Association, as MasterServicer, LNR Partners, LLC, as General Special Servicer, CWCapital AssetManagement LLC, as Excluded Mortgage Loan Special Servicer, Situs Holdings,LLC, as Trust Advisor, and Wells Fargo Bank, National Association, as Trustee,Certificate Administrator, Certificate Registrar, Authenticating Agent andCustodian (filed as Exhibit 4.2 to the registrant’s Current Report on Form 8-Kfiled on March 13, 2015 under Commission File No. 333-195164-05 andincorporated 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        Rialto Capital Advisors, 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        TriMont Real Estate Advisors, Inc., as TrustAdvisor

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      Principal Global Investors, LLC, as PrimaryServicer

33.11      Computershare Trust Company, National Association,as Servicing Function Participant for the Certificate Administrator on andafter November 1, 2021

33.12      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian on and after November 1,2021

33.13      Wells Fargo Bank, National Association, as PrimaryServicer of the Boca Hamptons Plaza Portfolio Mortgage Loan (see Exhibit 33.1)

33.14      Rialto Capital Advisors, LLC, as Special Servicerof the Boca Hamptons Plaza Portfolio Mortgage Loan (see Exhibit 33.2)

33.15      Deutsche Bank Trust Company Americas, as Trustee and Custodian of the Boca HamptonsPlaza Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

33.16      Park Bridge Lender Services LLC, as Operating Advisor of the Boca HamptonsPlaza Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

33.17      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the Boca Hamptons Plaza Portfolio Mortgage Loan (see Exhibit33.7)

33.18      KeyBank National Association, as Primary Servicerof the Westfield Palm Desert Mortgage Loan

33.19      LNR Partners, LLC, as Special Servicer of the Westfield Palm Desert MortgageLoan prior to August 16, 2021 (Omitted. See Explanatory Notes.)

33.20      Mount Street US (Georgia) LLP, as Special Servicer of the Westfield Palm DesertMortgage Loan on and after August 16, 2021 (Omitted. See Explanatory Notes.)

33.21      Wells Fargo Bank, National Association, as Trustee of the Westfield Palm DesertMortgage Loan (Omitted. See Explanatory Notes.)

33.22      Wells Fargo Bank, National Association, asCustodian of the Westfield Palm Desert Mortgage Loan (see Exhibit 33.5)

33.23      Situs Holdings, LLC, as Trust Advisor of theWestfield Palm Desert Mortgage Loan

33.24      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian on and after November 1,2021 (see Exhibit 33.12)

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

34.1        Wells Fargo Bank, National Association, as MasterServicer

34.2        Rialto Capital Advisors, 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        TriMont Real Estate Advisors, Inc., as TrustAdvisor

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      Principal Global Investors, LLC, as PrimaryServicer

34.11      Computershare Trust Company, National Association,as Servicing Function Participant for the Certificate Administrator on andafter November 1, 2021

34.12      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian on and after November 1,2021

34.13      Wells Fargo Bank, National Association, as PrimaryServicer of the Boca Hamptons Plaza Portfolio Mortgage Loan (see Exhibit 34.1)

34.14      Rialto Capital Advisors, LLC, as Special Servicerof the Boca Hamptons Plaza Portfolio Mortgage Loan (see Exhibit 34.2)

34.15      Deutsche Bank Trust Company Americas, as Trustee and Custodian of the BocaHamptons Plaza Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

34.16      Park Bridge Lender Services LLC, as Operating Advisor of the Boca HamptonsPlaza Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

34.17      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the Boca Hamptons Plaza Portfolio Mortgage Loan (see Exhibit34.7)

34.18      KeyBank National Association, as Primary Servicerof the Westfield Palm Desert Mortgage Loan

34.19      LNR Partners, LLC, as Special Servicer of the Westfield Palm Desert MortgageLoan prior to August 16, 2021 (Omitted. See Explanatory Notes.)

34.20      Mount Street US (Georgia) LLP, as Special Servicer of the Westfield Palm DesertMortgage Loan on and after August 16, 2021 (Omitted. See Explanatory Notes.)

34.21      Wells Fargo Bank, National Association, as Trustee of the Westfield Palm DesertMortgage Loan (Omitted. See Explanatory Notes.)

34.22      Wells Fargo Bank, National Association, asCustodian of the Westfield Palm Desert Mortgage Loan (see Exhibit 34.5)

34.23      Situs Holdings, LLC, as Trust Advisor of theWestfield Palm Desert Mortgage Loan

34.24      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian on and after November 1,2021 (see Exhibit 34.12)

35           Servicer compliance statements.

35.1        Wells Fargo Bank, National Association, as MasterServicer

35.2        Rialto Capital Advisors, 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        Principal Global Investors, LLC, as PrimaryServicer

35.6        Computershare Trust Company, National Association,as Servicing Function Participant for the Certificate Administrator on andafter November 1, 2021

35.7        Wells Fargo Bank, National Association, as PrimaryServicer of the Boca Hamptons Plaza Portfolio Mortgage Loan (see Exhibit 35.1)

35.8        Rialto Capital Advisors, LLC, as Special Servicerof the Boca Hamptons Plaza Portfolio Mortgage Loan (see Exhibit 35.2)

35.9        KeyBank National Association, as Primary Servicer of the Westfield Palm DesertMortgage Loan (Omitted. See Explanatory Notes.)

35.10      LNR Partners, LLC, as Special Servicer of the Westfield Palm Desert MortgageLoan prior to August 16, 2021 (Omitted. See Explanatory Notes.)

35.11      Mount Street US (Georgia) LLP, as Special Servicer of the Westfield Palm DesertMortgage Loan on and after August 16, 2021 (Omitted. See Explanatory Notes.)

99.1        MortgageLoan Purchase Agreement, dated as of March 3, 2015, between Wells FargoCommercial Mortgage Securities, Inc. and Wells Fargo Bank, National Association(filed as Exhibit 99.1 to the registrant’s Current Report on Form 8-K filed onMarch 13, 2015 under Commission File No. 333-195164-05 and incorporated byreference herein)

99.2        MortgageLoan Purchase Agreement, dated as of March 3, 2015, between Wells FargoCommercial Mortgage Securities, Inc. and Rialto Mortgage Finance, LLC (filed asExhibit 99.2 to the registrant’s Current Report on Form 8-K filed on March 13,2015 under Commission File No. 333-195164-05 and incorporated by referenceherein)

99.3        MortgageLoan Purchase Agreement, dated as of March 3, 2015, between Wells FargoCommercial Mortgage Securities, Inc. and Macquarie US Trading LLC d/b/aPrincipal Commercial Capital (filed as Exhibit 99.3 to the registrant’s CurrentReport on Form 8-K filed on March 13, 2015 under Commission File No.333-195164-05 and incorporated by reference herein)

99.4        MortgageLoan Purchase Agreement, dated as of March 3, 2015, among Wells FargoCommercial Mortgage Securities, Inc., Liberty Island Group I LLC and LibertyIsland Group LLC (filed as Exhibit 99.4 to the registrant’s Current Report onForm 8-K filed on March 13, 2015 under Commission File No. 333-195164-05 andincorporated by reference herein)

99.5        MortgageLoan Purchase Agreement, dated as of March 3, 2015, between Wells FargoCommercial Mortgage Securities, Inc. and C-III Commercial Mortgage LLC (filedas Exhibit 99.5 to the registrant’s Current Report on Form 8-K filed on March13, 2015 under Commission File No. 333-195164-05 and incorporated by referenceherein)

99.6        MortgageLoan Purchase Agreement, dated as of March 3, 2015, among Wells FargoCommercial Mortgage Securities, Inc., Basis Real Estate Capital II, LLC andBasis Investment Group LLC (filed as Exhibit 99.6 to the registrant’s CurrentReport on Form 8-K filed on March 13, 2015 under Commission File No.333-195164-05 and incorporated by reference herein)

99.7        PrimaryServicing Agreement, dated as of March 1, 2015, between Wells Fargo Bank,National Association, as Master Servicer, and Prudential Asset Resources, Inc.,as Primary Servicer (filed as Exhibit 99.7 to the registrant’s Current Reporton Form 8-K filed on March 13, 2015 under Commission File No. 333-195164-05 andincorporated by reference herein)

99.8        Sub-ServicingAgreement, dated as of March 1, 2015, between Wells Fargo Bank, NationalAssociation, as Master Servicer, and Principal Global Investors, LLC, asSub-Servicer (filed as Exhibit 99.8 to the registrant’s Current Report on Form8-K filed on March 13, 2015 under Commission File No. 333-195164-05 andincorporated by reference herein)

(b)          The exhibits required to be filed by the Registrant pursuant to Item 601 ofRegulation 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.

Wells Fargo Commercial MortgageSecurities, Inc.(Depositor)

/s/ AnthonySfarra

AnthonySfarra, President

(senior officer in charge ofsecuritization of the depositor)

Date: March 11, 2022