**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, 2019or**

**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 Commerical, 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)**

**(d/b/a Principal Commercial Capital)**

** **

**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 principal executiveoffices 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 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 Depot Park Mortgage Loan,previously an asset of the issuing entity being serviced under the pooling andservicing agreement for the WFCMT 2014-LC18 Transaction, was not an asset ofthe issuing entity during the reporting period and is omitted from this AnnualReport on Form 10-K and will be omitted from subsequent Annual Reports on Form10-K.

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on the ExhibitIndex) with respect to the Boca Hamptons Plaza Portfolio Mortgage Loan, whichconstituted approximately 1.7% of the asset pool of the issuing entity as ofits cut-off date.  The Boca Hamptons Plaza Portfolio Mortgage Loan is anasset of the issuing entity and is part of a loan combination that includes theBoca 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 and two other *pari passu* loans andtwo subordinate companion loans, which are not assets of the issuing entity. Aother 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.

Wilmington Trust, NationalAssociation acts as trustee of the mortgage loans serviced under the Poolingand Servicing Agreement.  Pursuant to the Pooling and Servicing Agreement,the trustee is required to provide an assessment of compliance with applicableservicing criteria solely with respect to Item 1122(d)(2)(iii) of Regulation AB(regarding advances 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 accountants’ 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 have delivered one or more assessments ofcompliance with respect to Item 1122(d)(2)(iii) of Regulation AB.

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 criteria specifiedin Item 1122(d)(2)(iii) of Regulation AB.  The master servicer or thespecial servicer, to the extent required, performed the servicing functionidentified with respect to Item 1122(d)(2)(iii) of Regulation AB, and each suchparty included Item 1122(d)(2)(iii) of Regulation AB in the assessment ofcompliance with applicable servicing criteria and accountants’ attestationreport for the subject transaction.  As a result, this Annual Report onForm 10-K does not include an assessment of compliance with applicableservicing criteria of the trustee. One or more other servicers of the WestfieldPalm Desert Mortgage Loan have delivered one or more assessments of compliancewith respect to Item 1122(d)(2)(iii) of Regulation AB.

Deutsche Bank Trust CompanyAmericas acts as trustee of the Boca Hamptons Plaza Portfolio MortgageLoan.  Pursuant to the pooling and servicing agreement for the MSBAM2015-C21 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 accountants’attestation 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 of theBoca Hamptons Plaza Portfolio Mortgage Loan have delivered one or moreassessments of compliance with respect to Item 1122(d)(2)(iii) of RegulationAB.

This Annual Report on Form 10-Kincludes assessments of compliance with applicable servicing criteria and accountants’attestation reports from CoreLogic Commercial Real Estate Services, Inc. andNational Tax Search, LLC.  These entities were engaged by the masterservicer under the Pooling and Servicing Agreement (except with respect tothose mortgage loans for which Prudential Asset Resources, Inc. is the primaryservicer)  and the primary servicer of the Boca Hamptons Plaza 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. These servicingfunctions are included within the servicing criteria set forth in Items1122(d)(4)(xi) and 1122(d)(4)(xii) of Regulation AB.  Therefore, under theprinciples-based definition of “servicer” set forth in Item 1101(j) ofRegulation AB that looks to the functions that an entity performs, thesevendors are “servicers” for the purposes of Item 1122 of Regulation AB.  *See*Compliance and Disclosure Interpretations, Section 301.01 (Item 1101(j)).

Theassessments of compliance with applicable servicing criteria, accountants’attestation reports and servicer compliance statements of the certificateadministrator of the Westfield Palm Desert Mortgage Loan and the Boca HamptonsPlaza Portfolio Mortgage Loan listed on the Exhibit Index 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 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 (ii) the servicer compliancestatements of KeyBank National Association as primary servicer of the WestfieldPalm Desert Mortgage Loan and LNR Partners, LLC as special servicer of theWestfield Palm Desert Mortgage Loan, listed on the Exhibit Index are omittedfrom this Annual Report on Form 10-K as they are not required by Item 1123 ofRegulation AB to be included on this Annual Report on Form 10-K because theyare each an unaffiliated party that is not a “servicer” that meets the criteriain 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 nomaterial pending legal proceeding involving the trust or any party related tothe trust, other than routine litigation incidental to the duties of thoserespective parties, and the following, with respect to Deutsche Bank TrustCompany Americas, as trustee and as custodian, and Wells Fargo Bank, NationalAssociation, as certificate administrator, as custodian and as trustee.

 

Deutsche Bank Trust CompanyAmericas (“DBTCA”) and Deutsche Bank National Trust Company (“DBNTC”) have beensued by investors in civil litigation concerning their role as trustees ofcertain RMBS trusts.

 

On June 18, 2014, a group ofinvestors, including funds managed by Blackrock Advisors, LLC, PIMCO-Advisors,L.P., and others, filed an action against DBNTC and DBTCA in New York StateSupreme Court alleging that DBNTC and DBTCA failed to perform purported duties,as trustees for 544 private-label RMBS trusts, to enforce breaches ofrepresentations and warranties as to mortgage loans held by the trusts and toenforce breaches by servicers of their mortgage loan servicing obligations forthe trusts. During the course of the litigation, plaintiffs dismissed the casefrom New York State Supreme Court and refiled two separate cases, one in theU.S. District Court for the Southern District of New York (the “*BlackRock*SDNY Case”) and the other in the Superior Court of California, Orange County(the “*BlackRock*California Case”). Pursuant to a settlement among theparties, the *BlackRock*SDNY Case was dismissed on December 6, 2018 andthe *BlackRock*California Case was dismissed on January 11, 2019.

 

On September 27, 2017, DBTCA wasadded as a defendant to a case brought by certain special purpose entitiesincluding Phoenix Light SF Limited in the U.S. District Court for the SouthernDistrict of New York, in which the plaintiffs previously alleged incorrectlythat DBNTC served as trustee for all 43 of the trusts at issue. On September27, 2017, plaintiffs filed a third amended complaint that names DBTCA as adefendant in addition to DBNTC. DBTCA serves as trustee for one of the 43trusts at issue. 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 of fiduciaryduty; negligence and gross negligence; violation of New York’s Streit Act; andbreach of the covenant of good faith. However, in the third amended complaint,plaintiffs acknowledge that, before DBTCA was added to the case, the courtdismissed plaintiffs’ TIA Act claims, negligence and gross negligence claims,Streit Act claims, claims for breach of the covenant of good faith, and certaintheories of plaintiffs’ breach of contract claims, and plaintiffs only includethese claims to preserve any rights on appeal. Plaintiffs allege damages of“hundreds of millions of dollars.” On November 13, 2017, DBNTC and DBTCA filedan answer to the third amended complaint. On December 7, 2018, DBNTC and DBTCAfiled a motion for summary judgment. Also on December 7, 2018, plaintiffs,jointly with Commerzbank AG (*see*description of *Commerzbank*casebelow), filed a motion for partial summary judgment. As of March 1, 2020, bothmotions for summary judgment have been briefed and are awaiting decision by thecourt.

 

On November 30, 2017, DBTCA wasadded as a defendant to a case brought by Commerzbank AG (“Commerzbank”) in theU.S. District Court for the Southern District of New York, in which Commerzbankpreviously alleged incorrectly that DBNTC served as trustee for all 50 of thetrusts at issue. On November 30, 2017, Commerzbank filed a second amendedcomplaint that 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 the other49 trusts at issue. Commerzbank’s second amended complaint brings claims forviolation of the TIA; breach of contract; breach of fiduciary duty; negligence;violation of the Streit Act; and breach of the covenant of good faith. However,in the second amended complaint, Commerzbank acknowledges that, before DBTCAwas added to the case, the court dismissed Commerzbank’s TIA claims for thetrusts governed by pooling and servicing agreements, as well as its Streit Actclaims and claims for breach of the covenant of good faith, and Commerzbankonly includes these claims to preserve any rights on appeal. The second amendedcomplaint alleges that DBNTC and DBTCA caused Commerzbank to suffer “hundredsof millions of dollars in losses,” but the complaint does not include a demandfor money damages in a sum certain. On January 29, 2018, DBNTC and DBTCA filedan answer to the second amended complaint. On December 7, 2018, DBNTC and DBTCAfiled a motion for summary judgment. Also on December 7, 2018, Commerzbank,jointly with the *Phoenix Light*plaintiffs, filed a motion for partialsummary judgment. As of March 1, 2020, both motions for summary judgment havebeen briefed and are awaiting decision by the court.

 

On December 30, 2015, IKBInternational, S.A. in Liquidation and IKB Deutsche Industriebank A.G.(collectively, “IKB”), as an investor in 37 RMBS trusts, filed a summons withnotice in the Supreme Court of the State of New York, New York County, againstDBNTC and DBTCA as trustees of the trusts. On May 27, 2016, IKB served itscomplaint asserting claims for breach of contract, breach of fiduciary duty,breach of duty to avoid conflicts of interest, violation of the Streit Act,violation of the TIA, violation of Regulation AB, and violation of Section 9 ofthe Uniform Commercial Code. IKB alleges that DBNTC and DBTCA are liable forover U.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. As of March 1, 2020,DBNTC and DBTCA’s motion to dismiss has been briefed and is awaiting decisionby the court.

 

It is DBTCA’s belief that it hasno pending legal proceedings (including, based on DBTCA’s present evaluation,the litigation disclosed in the foregoing paragraphs) that would materiallyaffect its ability to perform its duties under the related servicing agreementfor this transaction.

 

Beginning on June 18, 2014, agroup of institutional investors filed civil complaints in the Supreme Court ofthe State of New York, New York County, and later the U.S. District Court forthe Southern District of New York, against 

Wells Fargo Bank, N.A., (“WellsFargo Bank”) in its capacity as trustee for certain residential mortgage backedsecurities (“RMBS”) trusts. The complaints against Wells Fargo Bank allegedthat the trustee caused losses to investors and asserted causes of action basedupon, among other things, the trustee's alleged failure to: (i) notify andenforce repurchase obligations of mortgage loan sellers for purported breachesof representations and warranties, (ii) notify investors of alleged events ofdefault, and (iii) abide by appropriate standards of care following allegedevents of default. Relief sought included money damages in an unspecifiedamount, reimbursement of expenses, and equitable relief. In November 2018,Wells Fargo Bank reached an agreement, in which it denied any wrongdoing, toresolve such claims on a classwide basis for the 271 RMBS trusts at issue. On May6, 2019, the court entered an order approving the settlement agreement.Separate lawsuits against Wells Fargo Bank making similar allegations filed bycertain other institutional investors concerning several RMBS trusts in NewYork federal and state court are not covered by the agreement. With respect tosuch litigations, Wells Fargo Bank believes plaintiffs' claims are withoutmerit and intends to contest the claims vigorously, but there can be noassurances as to the outcome of the litigations or the possible impact of thelitigations on Wells Fargo Bank or the RMBS trusts.

**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 Transaction incorporatedby reference as Exhibit 4.2 to this Annual Report on Form 10-K is a chartidentifying the entities participating in a servicing function for the CGCMT2015-GC27 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 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 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. 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, NationalAssociation, as Master Servicer

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, NationalAssociation, as Certificate Administrator

33.5        Wells Fargo Bank, NationalAssociation, as Custodian

33.6        Trimont Real EstateAdvisors, LLC (f/k/a Trimont Real Estate Advisors, Inc.), as Trust Advisor

33.7        CoreLogic Commercial RealEstate Services, Inc., as Servicing Function Participant

33.8        National Tax Search, LLC,as Servicing Function Participant

33.9        Prudential AssetResources, Inc., as Primary Servicer

33.10      Principal Real EstateInvestors, LLC, as Primary Servicer

33.11      Wells Fargo Bank, NationalAssociation, as Primary Servicer of the Boca Hamptons Plaza Portfolio MortgageLoan (see Exhibit 33.1)

33.12      Rialto Capital Advisors,LLC, as Special Servicer of the Boca Hamptons Plaza Portfolio Mortgage Loan(see Exhibit 33.2)

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

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

33.15      CoreLogic Commercial RealEstate Services, Inc., as Servicing Function Participant of the Boca HamptonsPlaza Portfolio Mortgage Loan (see Exhibit 33.7)

33.16      National Tax Search, LLC,as Servicing Function Participant of the Boca Hamptons Plaza Portfolio MortgageLoan (see Exhibit 33.8)

 

33.17       KeyBank National Association,as Primary Servicer of the Westfield Palm Desert Mortgage Loan

33.18      LNR Partners, LLC, asSpecial Servicer of the Westfield Palm Desert Mortgage Loan

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

33.20      Wells Fargo Bank, NationalAssociation, as Custodian of the Westfield Palm Desert Mortgage Loan (seeExhibit 33.5)

33.21      Situs Holdings, LLC, asTrust Advisor of the Westfield Palm Desert Mortgage Loan

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

34.1        Wells Fargo Bank, NationalAssociation, as Master Servicer

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, NationalAssociation, as Certificate Administrator

34.5        Wells Fargo Bank, NationalAssociation, as Custodian

34.6        Trimont Real EstateAdvisors, LLC (f/k/a Trimont Real Estate Advisors, Inc.), as Trust Advisor

34.7        CoreLogic Commercial RealEstate Services, Inc., as Servicing Function Participant

34.8        National Tax Search, LLC, asServicing Function Participant

34.9        Prudential AssetResources, Inc., as Primary Servicer

34.10      Principal Real EstateInvestors, LLC, as Primary Servicer

34.11      Wells Fargo Bank, NationalAssociation, as Primary Servicer of the Boca Hamptons Plaza Portfolio MortgageLoan (see Exhibit 34.1)

34.12      Rialto Capital Advisors,LLC, as Special Servicer of the Boca Hamptons Plaza Portfolio Mortgage Loan(see Exhibit 34.2)

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

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

34.15      CoreLogic Commercial RealEstate Services, Inc., as Servicing Function Participant of the Boca HamptonsPlaza Portfolio Mortgage Loan (see Exhibit 34.7)

34.16      National Tax Search, LLC,as Servicing Function Participant of the Boca Hamptons Plaza Portfolio MortgageLoan (see Exhibit 34.8)

 

34.17       KeyBank National Association,as Primary Servicer of the Westfield Palm Desert Mortgage Loan

34.18      LNR Partners, LLC, as SpecialServicer of the Westfield Palm Desert Mortgage Loan

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

34.20      Wells Fargo Bank, NationalAssociation, as Custodian of the Westfield Palm Desert Mortgage Loan (seeExhibit 34.5)

34.21      Situs Holdings, LLC, asTrust Advisor of the Westfield Palm Desert Mortgage Loan

35           Servicer compliance statements.

35.1        Wells Fargo Bank, NationalAssociation, as Master Servicer

35.2        Rialto Capital Advisors,LLC, as Special Servicer

35.3        Wells Fargo Bank, NationalAssociation, as Certificate Administrator

35.4        Prudential AssetResources, Inc., as Primary Servicer

35.5        Principal Real Estate Investors,LLC, as Primary Servicer

35.6        Wells Fargo Bank, NationalAssociation, as Primary Servicer of the Boca Hamptons Plaza Portfolio MortgageLoan (see Exhibit 35.1)

35.7        Rialto Capital Advisors,LLC, as Special Servicer of the Boca Hamptons Plaza Portfolio Mortgage Loan(see Exhibit 35.2)

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

35.9        LNR Partners, LLC, as Special Servicer of the Westfield Palm Desert MortgageLoan (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 Fargo CommercialMortgage Securities, Inc. and Rialto Mortgage Finance, LLC (filed as Exhibit99.2 to the registrant’s Current Report on Form 8-K filed on March 13, 2015under Commission File No. 333-195164-05 and incorporated by reference herein)

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 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.

Wells Fargo Commercial MortgageSecurities, Inc.(Depositor)

/s/ AnthonySfarra

AnthonySfarra, President

(senior officer in charge ofsecuritization of the depositor)

Date: March 19, 2020