**UNITED STATESSECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON,D.C. 20549**

**FORM 10‐K**

(Mark one)

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

**    For the fiscal year endedDecember 31, 2018 OR**

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

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

 

 

 

**Commission file number:333-206582-10**

 

**Central Index Key Number of the issuingentity:0001705163**

 

**Morgan Stanley Capital I Trust 2017-H1**

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

 

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

 

**Morgan Stanley Capital I Inc.**

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

 

**Central Index Key Number of the sponsor:0000312070**

 

**Barclays Bank PLC**

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

 

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

 

**Argentic Real Estate Finance LLC**

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

 

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

 

**Morgan Stanley Mortgage Capital Holdings LLC**

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

 

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

 

**Starwood Mortgage Funding III LLC**

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

 

**Central Index Key Number of the sponsor:0001701238**

 

**Citi Real Estate Funding Inc.**

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

 

**Central Index Key Number of the sponsor:0001541001**

 

**Citigroup Global Markets Realty Corp.**

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

 

| **New York**                                                        | **38‐4032155  38‐4032156  38‐7187248** |
|---------------------------------------------------------------------|----------------------------------------------------------|
| **(State or other jurisdiction of incorporation or  organization)** | **(I.R.S. Employer Identification Numbers)**             |

 

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

**9062 Old Annapolis Road**

** Columbia, MD**

**(Address of principal executive offices)**

 

**21045**

**(Zip Code)**

 

**Telephone number, including area code:**

**(410) 884‐2000**

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

 

  NONE.

 

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

 

  NONE.

 

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

 

  Yes___ No X

 

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

 

  Yes___ No X

 

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

 

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

 

  YesX No ___

 

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

 

  Notapplicable.

 

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

 

  Notapplicable.

 

Indicateby check mark whether the registrant is a large accelerated filer, anaccelerated filer, a non-accelerated filer, a smaller reporting company, oremerging growth company. See the definitions of "large acceleratedfiler", "accelerated filer," "smaller reporting company,"and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

 Largeaccelerated filer ___ Accelerated filer ___ Non-accelerated filer X (Do not check if a smaller reporting company)Smaller reporting company ___

 

Emerginggrowth company ___

 

If anemerging growth company, indicate by check mark if the registrant has electednot to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Ex­changeAct.

 

  Notapplicable.

 

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

 

  Yes___ No X

 

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

 

  Notapplicable.

 

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

 

  Notapplicable.

 

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

 

  Notapplicable.

 

DOCUMENTSINCORPORATED BY REFERENCE

 

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

 

  Notapplicable.

 

**EXPLANATORY NOTES**

 

               

The MSC 2017-H1 mortgage pool includes thefollowing mortgage loans, each of which is serviced pursuant to a separatepooling and servicing agreement (each, an “Outside Pooling and ServicingAgreement”):

 

•   the Market Street – TheWoodlands mortgage loan, which is serviced pursuant to the BANK 2017-BNK5pooling and servicing agreement attached hereto as Exhibit 4.6;

 

•   the 123 William Streetmortgage loan, which is serviced pursuant to the WFCM 2017-RB1 pooling andservicing agreement attached hereto as Exhibit 4.2;

 

•   the Hyatt Regency Austinmortgage loan, which is serviced pursuant to the MSBAM 2017-C33 pooling andservicing agreement attached hereto as Exhibit 4.3;

 

•   the Selig Portfolio mortgageloan, which is serviced pursuant to the GSMS 2014-GC22 pooling and servicingagreement attached hereto as Exhibit 4.4;

 

•   the Crowne Plaza JFK mortgageloan, which is serviced pursuant to the WFCM 2017-C39 pooling and servicingagreement attached hereto as Exhibit 4.7; and

 

•   the Atlanta and AnchorageHotel Portfolio mortgage loan, which is serviced pursuant to the CFCRE 2017-C8pooling and servicing agreement attached hereto as Exhibit 4.5.

 

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

 

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

 

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

 

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

 

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

 

•   NCB, FSB, as NCB masterservicer and co-op special servicer under the BANK 2017-BNK5 pooling andservicing agreement, only has obligations in respect of certain mortgage loanssold to the BANK 2017-BNK5 securitization trust by NCB, FSB.  NCB, FSB hasno obligations with respect to the Market Street - The Woodlands mortgage loanor any mortgage loan included in the MSC 2017-H1 mortgage pool and thereforedoes not constitute a reporting “servicing function participant” for purposesof Item 1122 of Regulation AB, as specified in the Instruction 3 to Item 1122,and does not constitute a reporting “servicer” for purposes of Item 1123 ofRegulation AB, as specified in the Instruction to Item 1123.

 

•   CWCapital Asset ManagementLLC is the special servicer under the BANK 2017-BNK5 pooling and servicingagreement, pursuant to which the Market Street – The Woodlands mortgage loan isserviced, and the special servicer under GSMS 2014-GC22 pooling and servicingagreement, pursuant to which the Selig Portfolio mortgage loan isserviced.  Because CWCapital Asset Management LLC is not the MSC 2017-H1special servicer, is not affiliated with any sponsor and services only theMarket Street – The Woodlands mortgage loan and the Selig Portfolio mortgageloan, which collectively constitute more than 5% but less than 10% of themortgage pool, CWCapital Asset Management LLC, as BANK 2017-BNK5 specialservicer and GSMS 2014-GC22 special servicer, constitutes a reporting“servicing function participant” for purposes of Item 1122 of Regulation AB, asspecified in the Instruction 3 to Item 1122, but does not constitute a reporting“servicer” for purposes of Item 1123 of Regulation AB, as specified in theInstruction to Item 1123.

 

•   C-III Asset Management LLC is the special servicer under the WFCM 2017-RB1 pooling and servicingagreement, pursuant to which the 123 William Street mortgage loan is serviced.Because C-III Asset Management LLC is not the MSC 2017-H1 special servicer, isnot affiliated with any sponsor and services only the 123 William Streetmortgage loan, which constitutes less than 5% of the mortgage pool, C-III AssetManagement LLC, as WFCM 2017-RB1 special servicer, does not constitute areporting “servicing function participant” for purposes of Item 1122 ofRegulation AB, as specified in the Instruction 3 to Item 1122, and does notconstitute a reporting “servicer” for purposes of Item 1123 of Regulation AB,as specified in the Instruction to Item 1123.

 

•   Midland Loan Services, aDivision of PNC Bank, National Association, is the special servicer under theMSBAM 2017-C33 pooling and servicing agreement, pursuant to which the HyattRegency Austin mortgage loan is serviced. Because Midland Loan Services, aDivision of PNC Bank, National Association is not the MSC 2017-H1 specialservicer, is not affiliated with any sponsor and services only the Hyatt RegencyAustin mortgage loan, which constitutes less than 5% of the mortgage pool,Midland Loan Services, a Division of PNC Bank, National Association, as MSBAM2017-C33 special servicer, does not constitute a reporting “servicing functionparticipant” for purposes of Item 1122 of Regulation AB, as specified in theInstruction 3 to Item 1122, and does not constitute a reporting “servicer” forpurposes of Item 1123 of Regulation AB, as specified in the Instruction to Item1123.

 

•   Rialto Capital Advisors, LLCis the special servicer under the CFCRE 2017-C8 pooling and servicingagreement, pursuant to which the Atlanta and Anchorage Hotel Portfolio mortgageloan is serviced. Because Rialto Capital Advisors, LLC is not the MSC 2017-H1special servicer, is not affiliated with any sponsor and services only theAtlanta and Anchorage Hotel Portfolio mortgage loan, which constitutes lessthan 5% of the mortgage pool, Rialto Capital Advisors, LLC, as CFCRE 2017-C8special servicer, does not constitute a reporting “servicing functionparticipant” for purposes of Item 1122 of Regulation AB, as specified in theInstruction 3 to Item 1122, and does not constitute a reporting “servicer” forpurposes of Item 1123 of Regulation AB, as specified in the Instruction to Item1123.

 

In addition,each of the following parties engaged the services of certain servicingfunction participants and sub-servicers for the reporting period, as set forthbelow: 

•   Wells Fargo Bank, NationalAssociation, as master servicer under the BANK 2017-BNK5 pooling and servicingagreement, pursuant to which the Market Street – The Woodlands mortgage loan isserviced, engaged the services of CoreLogic Commercial Real Estate Services,Inc. and National Tax Search, LLC, in each case as a servicing function participantin respect of the Market Street – The Woodlands mortgage loan for the reportingperiod.

 

•   Wells Fargo Bank, NationalAssociation, as master servicer under the WFCM 2017-RB1 pooling and servicingagreement, pursuant to which the 123 William Street mortgage loan is serviced,engaged the services of CoreLogic Commercial Real Estate Services, Inc. andNational Tax Search, LLC, in each case as a servicing function participant inrespect of the 123 William Street mortgage loan for the reporting period.

 

•   Wells Fargo Bank, NationalAssociation, as master servicer under the MSBAM 2017-C33 pooling and servicingagreement, pursuant to which the Hyatt Regency Austin mortgage loan isserviced, engaged the services of CoreLogic Commercial Real Estate Services,Inc. and National Tax Search, LLC, in each case as a servicing functionparticipant in respect of the Hyatt Regency Austin mortgage loan for thereporting period.

 

•   Wells Fargo Bank, NationalAssociation, as master servicer under the GSMS 2014-GC22 pooling and servicingagreement, pursuant to which the Selig Portfolio mortgage loan is serviced,engaged the services of CoreLogic Commercial Real Estate Services, Inc. andNational Tax Search, LLC, in each case as a servicing function participant inrespect of the Selig Portfolio mortgage loan for the reporting period.

 

•   Wells Fargo Bank, NationalAssociation, as master servicer under the WFCM 2017-C39 pooling and servicingagreement, pursuant to which the Crowne Plaza JFK mortgage loan is serviced,engaged the services of CoreLogic Commercial Real Estate Services, Inc. andNational Tax Search, LLC, in each case as a servicing function participant inrespect of the Crowne Plaza JFK mortgage loan for the reporting period.

 

•   Wells Fargo Bank,National Association, as master servicer under the CFCRE 2017-C8 pooling andservicing agreement, pursuant to which the Atlanta and Anchorage HotelPortfolio mortgage loan is serviced, engaged the services of CoreLogicCommercial Real Estate Services, Inc. and National Tax Search, LLC, ineach case as a servicing function participant in respect of the Atlanta andAnchorage Hotel Portfolio mortgage loan for the reporting period.

 

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

 

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

 

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

 

**ADDITIONALDISCLOSURE ITEMS FOR REGULATION AB**

 

**Item1112(b) of Regulation AB, Significant Obligor Financial Information.**

 

Notapplicable.

 

**Item1114(b)(2) of Regulation AB, Significant Enhancement Provider FinancialInformation.**

 

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

 

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

 

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

 

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

 

Theregistrant knows of no legal proceeding pending against the sponsors,depositor, trustee, issuing entity, servicer contemplated by Item 1108(a)(3) ofRegulation AB, originator contemplated by Item 1110(b) of Regulation AB, orother party contemplated by Item 1100(d)(1) of Regulation AB, or of which anyproperty of the foregoing is the subject, that is material to security holders,other than as disclosed in the prospectus of the issuing entity filed in a424(b)(2) filing dated June 8, 2017, and other than as follows:

 

SinceJune 18, 2014, a group of institutional investors have filed civil complaintsin the Supreme Court of the State of New York, New York County, and later theU.S. District Court for the Southern District of New York against Wells FargoBank, N.A., (“Wells Fargo Bank”) in its capacity as trustee for certainresidential mortgage backed securities (“RMBS”) trusts. The complaints againstWells Fargo Bank alleged that the trustee caused losses to investors andasserted causes of action based upon, among other things, the trustee's allegedfailure to: (i) notify and enforce repurchase obligations of mortgage loansellers for purported breaches of representations and warranties, (ii) notifyinvestors of alleged events of default, and (iii) abide by appropriatestandards of care following alleged events of default. Relief sought includedmoney damages in an unspecified amount, reimbursement of expenses, andequitable relief. Wells Fargo Bank has reached an agreement, in which it deniesany wrongdoing, to resolve these claims on a classwide basis for the 271 RMBStrusts currently at issue. The settlement agreement is subject to court approval.Separate lawsuits against Wells Fargo Bank making similar allegations filed bycertain other institutional investors concerning 57 RMBS trusts in New Yorkfederal and state court are not covered by the agreement. With respect to theforegoing 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.

 

OnDecember 17, 2015, U.S. Bank National Association, the trustee under fivepooling and servicing agreements for (i) Wachovia Bank Commercial MortgageTrust 2007-C30, (ii) COBALT CMBS Commercial Trust 2007-C2, (iii) Wachovia BankCommercial Mortgage Trust 2007-C31, (iv) ML-CFC Commercial Mortgage Trust2007-5 and (v) ML-CFC Commercial Mortgage Trust 2007-6 commenced a proceedingwith the Second Judicial District Court of Ramsey County, Minnesota (the “StateCourt”) for a declaratory judgment as to the proper allocation of certainproceeds in the alleged amount of $560 million (“Disputed Proceeds”) receivedby CWCAM in connection with the sale of the Peter Cooper Village and StuyvesantTown property in New York, New York securing loans held by those trusts. CWCAM was the special servicer of such property.  The petition requeststhe State Court to instruct the trustee, the trust beneficiaries, and any otherinterested parties as to the amount of the Disputed Proceeds, if any, that constitutepenalty interest and/or the amount of the Disputed Proceeds, if any, thatconstitute gain-on-sale proceeds, with respect to each trust.  On February24, 2016, CWCAM made a limited appearance with the State Court to file a motionto dismiss this proceeding based on lack of jurisdiction, mootness, standingand forum non conveniens.  On July 19, 2016, the State Court deniedCWCAM’s motion to dismiss.  On July 22, 2016, the action was removed tofederal court in Minnesota (“Federal Court”).  On October 21, 2016, theFederal Court held a hearing on the motion to transfer the action to the UnitedStates District Court for the Southern District of New York (“SDNY Court”), amotion to remand to state court and a motion to hear CWCAM’s request forreconsideration of the motion to dismiss.  On March 14, 2017, the FederalCourt reserved the determination on the motion to hear CWCAM’s request forreconsideration of the motion to dismiss, denied the motion to remand thematter to state court and granted the motion to transfer the proceeding to theSDNY Court.  All fact discovery was completed in December 2018 and expertdiscovery was completed on March 15, 2019.  There can be no assurances asto possible impact on CWCAM of these rulings and the transfer to the SDNYCourt.  Cross motions for judgment on the pleadings were filed but theSDNY Court was unable to decide the case based on the pleadings and the partiesare in the midst of discovery.  However, CWCAM believes that it hasperformed its obligations under the related pooling and servicing agreements ingood faith, and that the Disputed Proceeds were properly allocated to CWCAM aspenalty interest, and it intends to vigorously contest any claim that suchDisputed Proceeds were improperly allocated as penalty interest.

 

On March31, 2016, RAIT Preferred Funding II LTD. (“RAIT Preferred Funding”) commenced acomplaint (“RAIT Complaint”) with the Supreme Court of the State of New York,County of New York (the “RAIT Court”), claiming it owns $18,500,000 of amortgage loan secured by the development of the One Congress Street Property inBoston, Massachusetts (the “Loan”) and seeking (a) a declaratory judgmentstating that RAIT Preferred Funding is the directing lender under a co-lenderagreement dated March 28, 2007 and a pooling and servicing agreement datedMarch 1, 2007 (collectively, the “Operative Agreements”) and was the directinglender at the time of the improper modification of the Loan, (b) a declaratoryjudgment stating that RAIT Preferred Funding has the right to terminate thespecial servicer, (c) monetary damages for the value of the bonds and fees paidto CWCAM as the special servicer of the Loan and (d) other things.  On May17, 2016, CWCAM filed a motion to dismiss the RAIT Complaint (“Motion toDismiss”) stating that the RAIT Complaint did not state a claim and theessential facts of the RAIT Complaint are negated by affidavits and evidentiarymaterials submitted with the RAIT Complaint.  On June 14, 2016, RAITPreferred Funding filed a Memorandum of Law in Opposition to the Motion toDismiss (“Opposition”) stating that the claims in the RAIT Complaint wereproperly stated.  On June 30, 2016, CWCAM filed a reply in support of theMotion to Dismiss and in response to the Opposition, stating that each of CWCAM’sarguments is supported by the express language of the agreements between theparties, the documentary evidence and New York case law.  On September 30,2016, RAIT Preferred Funding and CWCAM entered into a confidential SettlementAgreement (the “2016 Settlement”), which provides for a stay of the RAITPreferred Funding litigation (the “Litigation Stay”) through August 25,2017.  Pursuant to the terms of the 2016 Settlement, upon satisfaction ofa term of the 2016 Settlement by August 25, 2017 (or such later date agreed toby the parties), the RAIT Preferred Funding litigation will be dismissed, withprejudice.  On May 19, 2017 the Borrower repaid the Loan in accordancewith the terms of the notes and satisfied the condition to dismissal withprejudice.  RAIT has refused to dismiss the case and is claiming that theB Note should be paid in full.  CWCAM believes that it has performed itsobligations under the Operative Agreements in good faith, and that the actionshould be dismissed with prejudice.  On August 29, 2017, the RAIT Courtgranted leave to RAIT Preferred Funding to amend its complaint.  OnSeptember 20, 2017, RAIT Preferred Funding filed an Amended Complaint (the“RAIT Amended Complaint”), which omits its original claims, adds Wells FargoBank as a defendant, and seeks (a) specific performance requiring repayment ofthe $18,500,000 principal amount of the B Note or, in the alternative, monetarydamages, including the $18,500,000 principal amount of the B Note, in an amountto be determined at trial, (b) monetary damages on any fees paid to CWCAM asspecial servicer or Wells Fargo Bank as master servicer in connection with theborrower’s repayment of the Loan, (c) a declaratory judgment that RAITPreferred Funding is entitled to recover the full $18,500,000 principal amountof the B Note, (d) punitive damages against CWCAM, and (e) other things. On October 11, 2017, CWCAM filed a motion to dismiss the RAIT Amended Complaint(“CWCAM Motion to Dismiss Amended Complaint”) stating that the RAIT Amended Complaintdid not state a claim and the essential facts of the RAIT Amended Complaint arenegated by the Operative Agreements and other admissible evidentiarymaterials.  On November 13, 2017, Wells Fargo Bank filed a motion todismiss the RAIT Amended Complaint (the “Wells Fargo Motion to Dismiss AmendedComplaint”) and joined the CWCAM Motion to Dismiss Amended Complaint.  OnJanuary 29, 2018, the court dismissed all claims but for breach of contract anddiscovery has commenced.  CWCAM filed a Motion for Summary Judgement onMarch 18, 2019. 

 

OnDecember 1, 2017, a complaint against CWCAM and others was filed in the UnitedStates District Court for the Southern District of New York styled as CWCapitalCobalt Vr Ltd. v. CWCapital Investments LLC, et al., No. 17-cv-9463 (the“Original Complaint”). The gravamen of the Original Complaint alleged breachesof a contract and fiduciary duties by CWCAM’s affiliate, CWCapital InvestmentsLLC in its capacity as collateral manager for the collateralized debtobligation transaction involving CWCapital Cobalt Vr, Ltd. In total, there are14 counts pled in the Original Complaint. Of those 14, 5 claims were assertedagainst CWCAM for aiding and abetting breach of fiduciary duty, conversion andunjust enrichment. On May 23, 2018, the Original Complaint was dismissed forlack of subject matter jurisdiction.   On June 28, 2018, CWCapitalCobalt Vr Ltd. filed a substantially similar complaint in the Supreme Court ofthe State of New York, County of New York styled as CWCapital Cobalt Vr Ltd. v.CWCapital Investments LLC, et al., Index No. 653277/2018 (the “NewComplaint”).  The gravamen of the New Complaint is the same as theprevious complaint filed in the United State District Court for the SouthernDistrict of New York.  In total there are 16 counts pled in the NewComplaint. Of those 16 counts, 4 claims were asserted against CWCAM for aidingand abetting breach of fiduciary duty, conversion and unjust enrichment, 1count seeks a declaratory judgement that the plaintiff has the right to enforcethe contracts in question and 1 count seeks an injunction requiring thedefendants to recognize the plaintiff as the directing holder for the trusts inquestion. The New Complaint and related summons were not served on thedefendants until July 13, 2018 and July 16, 2018.  The plaintiff’s motionfor a preliminary injunction was denied by the court on July 31, 2018.  OnAugust 3, 2018, the defendants, including CWCAM, filed a motion to dismiss theNew Complaint in its entirety, which has not been decided. CWCAM believes thatit has performed its obligations under the related pooling and servicingagreements in good faith and the allegations in the New Complaint are withoutmerit.  CWCAM intends to vigorously contest each of the claims.

 

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

 

Inaddition to the information regarding this Item that has been disclosed in theprospectus of the issuing entity filed in a 424(b)(2) filing dated June 8,2017, (i) Wells Fargo Bank, National Association, the master servicer under theBANK 2017-BNK5 pooling and servicing agreement, pursuant to which the MarketStreet – The Woodlands mortgage loan is serviced, and the WFCM 2016-C39 poolingand servicing agreement, pursuant to which the Crowne Plaza JFK mortgage loanis serviced, is also the master servicer under each Outside Pooling andServicing Agreement, pursuant to which the outside serviced mortgage loans arecurrently serviced; (ii) CWCapital Asset Management LLC, the specialservicer under the BANK 2017-BNK5 pooling and servicing agreement, pursuant towhich the Market Street – The Woodlands mortgage loan is serviced, is also thespecial servicer under the GSMS 2014-GC22 pooling and servicing agreement,pursuant to which the Selig Portfolio mortgage loan is servced; (iii) LNRPartners, LLC, the special servicer under the WFCM 2016-C39 pooling andservicing agreement, pursuant to which the Crowne Plaza JFK mortgage loan isserviced, is also the MSC 2017-H1 special servicer and an affiliate of StarwoodMortgage Funding III LLC, a sponsor of the MSC 2017-H1 securitization and ofStarwood Mortgage Capital LLC, an originator with respect to the MSC 2017-H1securitization; and (iv) Wells Fargo Bank, National Association, the MSC2017-H1 custodian is also the custodian under each Outside Pooling andServicing Agreement pursuant to which the outside serviced mortgage loans arecurrently serviced.

 

**Item1122 of Regulation AB, Compliance with Applicable Servicing Criteria.**

 

Thereports on assessment of compliance with the servicing criteria forasset-backed securities and the related attestation reports on such assessmentsof compliance are attached hereto under Item 15.

 

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

 

MaterialInstance of Noncompliance

 

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

 

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

 

StepsTaken to Remedy the Material Instance of Noncompliance

 

Midland is currently remediating the Schedule ALreporting for the CMBS transactions found to be incorrect, and will be makingimprovements to its systems, processes and procedures to support its ScheduleAL reporting obligations.

 

Thereport on assessment of compliance with applicable servicing criteria furnishedpursuant to Item 1122 of Regulation AB by CWCapital Asset Management LLC(“CWCAM”) discloses that a material instance of noncompliance occurred, asdescribed below:

 

MaterialInstance of Noncompliance:

 

1122(d)(2)(vii): “Reconciliations are prepared on amonthly basis for all asset-backed securities related bank accounts, includingcustodial accounts and related bank clearing accounts. These reconciliations:(A) are mathematically accurate; (B) are prepared within 30 calendar days afterthe bank statement cutoff date, or such other number of days specified in thetransaction agreements; (C) are reviewed and approved by someone other than theperson who prepared the reconciling items; and (D) contain explanations forreconciling items. These reconciling items are resolved within 90 calendar daysof their original identification, or such other number of days specified in thetransaction agreements.”

 

The instance of material noncompliance, for thereporting period included a failure to complete the required bankreconciliations within 30 calendar days after the bank statement cutoffdate.  In five of the twelve months related to the reporting period, therequired reconciliations were not completed within the 30 calendar days requirementas follows:

 

February 2018: bank reconciliations wereprepared on June 22, 2018

 

March 2018: bank reconciliations wereprepared on May 1, 2018

 

September 2018: bank reconciliations wereprepared on November 6, 2018

 

November 2018: bank reconciliations wereprepared on February 19, 2019

 

December 2018: bank reconciliations wereprepared on February 6, 2019

 

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

 

StepsTaken to Remedy the Material Instance of Noncompliance

 

In response to the lack of adherence to company policyand procedures, CWCAM’s Compliance Committee reviewed the reasons fornoncompliance and added two additional procedures to supplement its existingprocedures:

 

1) the accounting department has added the completionof bank account reconciliations within 30 calendar days to its monthly closingchecklist, which is reviewed and signed off by a CWCAM officer; and

 

2) the Chief Financial Officer has set up a monthlyelectronic reminder requiring that the completed bank reconciliations beforwarded to the CFO for an additional layer of review.

 

**Item1123 of Regulation AB, Servicer Compliance Statement.**

 

Theservicer compliance statements are attached hereto under Item 15.

 

**PART IV**

 

**Item15. Exhibits, Financial Statement Schedules.**

 

(a) Exhibits.

 

(4.1)Poolingand Servicing Agreement, dated as of June 1, 2017, between Morgan StanleyCapital I Inc., as depositor, Midland Loan Services, a Division of PNC Bank,National Association, as master servicer, LNR Partners, LLC, as specialservicer, Wells Fargo Bank, National Association, as trustee, certificateadministrator, certificate registrar, authenticating agent and custodian, andTrimont Real Estate Advisors, LLC, as operating advisor and assetrepresentations reviewer (filed as Exhibit 4.1 to the registrant's CurrentReport on Form 8-K/A filed on January 25, 2018 under SEC File No. 333-206582-10and incorporated by reference herein).

 

(4.2)Poolingand Servicing Agreement, dated as of March 1, 2017, between Wells FargoCommercial Mortgage Securities, Inc., as depositor, Wells Fargo Bank, NationalAssociation, as master servicer, C-III Asset Management LLC, as specialservicer, Wilmington Trust, National Association, as trustee, Wells Fargo Bank,National Association, as certificate administrator, and Trimont Real EstateAdvisors, LLC, as operating advisor and as asset representations reviewer,relating to the WFCM 2017-RB1 securitization transaction, pursuant to which the123 William Street Mortgage Loan is serviced (filed as Exhibit 4.2 to theregistrant's Current Report on Form 8-K filed on June 8, 2017 under SEC FileNo. 333-206582-10 and incorporated by reference herein).

 

(4.3)Poolingand Servicing Agreement, dated as of May 1, 2017, between Morgan StanleyCapital I Inc., as depositor, Wells Fargo Bank, National Association, as masterservicer, Midland Loan Services, a Division of PNC Bank, National Association,as special servicer, Wells Fargo Bank, National Association, as certificateadministrator and custodian, Wilmington Trust, National Association, astrustee, and Park Bridge Lender Services LLC, as operating advisor and as assetrepresentations reviewer, relating to the MSBAM 2017-C33 securitizationtransaction, pursuant to which the Hyatt Regency Austin Mortgage Loan isserviced (filed as Exhibit 4.3 to the registrant's Current Report on Form 8-K/Afiled on January 25, 2018 under SEC File No. 333-206582-10 and incorporated byreference herein).

 

(4.4)Poolingand Servicing Agreement, dated as of June 1, 2014, between GS MortgageSecurities Corporation II, as depositor, Wells Fargo Bank, NationalAssociation, as master servicer, CWCapital Asset Management LLC, as specialservicer, Wells Fargo Bank, National Association, as certificate administratorand custodian, Deutsche Bank Trust Company Americas, as trustee, and PentalphaSurveillance LLC, as operating advisor and as asset representations reviewer,relating to the GSMS 2014-GC22 securitization transaction, pursuant to whichthe Selig Portfolio Mortgage Loan is serviced (filed as Exhibit 4.4 to theregistrant's Current Report on Form 8-K filed on June 8, 2017 under SEC FileNo. 333-206582-10 and incorporated by reference herein).

 

(4.5)Poolingand Servicing Agreement, dated as of June 1, 2017, between CCRE CommercialMortgage Securities, L.P., as depositor, Wells Fargo Bank, NationalAssociation, as master servicer, Rialto Capital Advisors, LLC, as specialservicer, Wells Fargo Bank, National Association, as certificate administratorand custodian, Wilmington Trust, National Association, as trustee, and ParkBridge Lender Services LLC, as operating advisor and as asset representationsreviewer, relating to the CFCRE 2017-C8 securitization transaction, pursuant towhich the Atlanta and Anchorage Hotel Portfolio Mortgage Loan is serviced(filed as Exhibit 4.5 to the registrant's Current Report on Form 8-K filed onJune 8, 2017 under SEC File No. 333-206582-10 and incorporated by referenceherein).

 

(4.6)Poolingand Servicing Agreement, dated as of June 1, 2017, between Morgan StanleyCapital I Inc., as depositor, Wells Fargo Bank, National Association, asgeneral master servicer, CWCapital Asset Management LLC, as general specialservicer, National Cooperative Bank, N.A. as NCB master servicer and as NCBspecial servicer, Wells Fargo Bank, National Association, as certificateadministrator, Wilmington Trust, National Association, as trustee, and ParkBridge Lender Services LLC, as operating advisor and as asset representationsreviewer, related to the BANK 2017-BNK5 securitization transaction, pursuant towhich the Market Street - The Woodlands Mortgage Loan is serviced (filed asExhibit 4.6 to the registrant's Current Report on Form 8-K filed on July 6,2017 under SEC File No. 333-206582-10 and incorporated by reference herein).

 

(4.7)Poolingand Servicing Agreement, dated as of August 1, 2017, between Wells FargoCommercial Mortgage Securities, Inc., as depositor, Wells Fargo Bank, NationalAssociation, as master servicer, LNR Partners, LLC, as special servicer, WellsFargo Bank, National Association, as certificate administrator, WilmingtonTrust, National Association, as trustee, and Trimont Real Estate Advisors, LLC,as operating advisor and as asset representations reviewer, related to the WFCM2017-C39 securitization transaction, pursuant to which the Crowne Plaza JFKMortgage Loan is serviced (filed as Exhibit 4.7 to the registrant's CurrentReport on Form 8-K filed on August 28, 2017 under SEC File No. 333-206582-10and incorporated by reference herein).

 

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

 

(33)  Reports on assessment of compliance with servicing criteria forasset-backed securities.

33.1  Wells Fargo Bank, National Association, as CertificateAdministrator

33.2  Wells Fargo Bank, National Association, as Custodian

33.3  Midland Loan Services, a Division of PNC Bank,National Association, as Master Servicer

33.4  LNR Partners, LLC, as Special Servicer

33.5  Trimont Real Estate Advisors, LLC, as Operating Advisor

33.6  Wells Fargo Bank, National Association, as MasterServicer under the BANK 2017-BNK5 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Market Street - TheWoodlands (from 1/1/18 to 12/31/18)

33.7  CoreLogic Commercial Real Estate Services, Inc., asServicing Function Participant under the BANK 2017-BNK5 securitization,pursuant to which the following mortgage loans were serviced by such party:Market Street - The Woodlands (from 1/1/18 to 12/31/18)

33.8  National Tax Search, LLC, as Servicing FunctionParticipant under the BANK 2017-BNK5 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Market Street - TheWoodlands (from 1/1/18 to 12/31/18)

33.9  Wells Fargo Bank, National Association, as MasterServicer under the WFCM 2017-RB1 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 123 William Street (from1/1/18 to 12/31/18) (see Exhibit 33.6) 

33.10  CoreLogic Commercial Real Estate Services, Inc., asServicing Function Participant under the WFCM 2017-RB1 securitization, pursuantto which the following mortgage loans were serviced by such party: 123 WilliamStreet (from 1/1/18 to 12/31/18) (see Exhibit 33.7) 

33.11  National Tax Search, LLC, as Servicing FunctionParticipant under the WFCM 2017-RB1 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 123 William Street (from1/1/18 to 12/31/18) (see Exhibit 33.8) 

33.12  Wells Fargo Bank, National Association, as MasterServicer under the MSBAM 2017-C33 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Hyatt Regency Austin(from 1/1/18 to 12/31/18) (see Exhibit 33.6) 

33.13  CoreLogic Commercial Real Estate Services, Inc., asServicing Function Participant under the MSBAM 2017-C33 securitization,pursuant to which the following mortgage loans were serviced by such party:Hyatt Regency Austin (from 1/1/18 to 12/31/18) (see Exhibit 33.7) 

33.14  National Tax Search, LLC, as Servicing FunctionParticipant under the MSBAM 2017-C33 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Hyatt Regency Austin(from 1/1/18 to 12/31/18) (see Exhibit 33.8) 

33.15  Wells Fargo Bank, National Association, as MasterServicer under the GSMS 2014-GC22 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Selig Portfolio (from1/1/18 to 12/31/18) (see Exhibit 33.6) 

33.16  CoreLogic Commercial Real Estate Services, Inc., asServicing Function Participant under the GSMS 2014-GC22 securitization,pursuant to which the following mortgage loans were serviced by such party:Selig Portfolio (from 1/1/18 to 12/31/18) (see Exhibit 33.7) 

33.17  National Tax Search, LLC, as Servicing FunctionParticipant under the GSMS 2014-GC22 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Selig Portfolio (from1/1/18 to 12/31/18) (see Exhibit 33.8) 

33.18  Wells Fargo Bank, National Association, as MasterServicer under the WFCM 2017-C39 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Crowne Plaza JFK (from1/1/18 to 12/31/18) (see Exhibit 33.6) 

33.19  CoreLogic Commercial Real Estate Services, Inc., asServicing Function Participant under the WFCM 2017-C39 securitization, pursuantto which the following mortgage loans were serviced by such party: Crowne PlazaJFK (from 1/1/18 to 12/31/18) (see Exhibit 33.7) 

33.20  National Tax Search, LLC, as Servicing FunctionParticipant under the WFCM 2017-C39 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Crowne Plaza JFK (from1/1/18 to 12/31/18) (see Exhibit 33.8) 

33.21  Wells Fargo Bank, National Association, as MasterServicer under the CFCRE 2017-C8 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Atlanta and AnchorageHotel Portfolio (from 1/1/18 to 12/31/18) (see Exhibit 33.6) 

33.22  CoreLogic Commercial Real Estate Services, Inc., asServicing Function Participant under the CFCRE 2017-C8 securitization, pursuantto which the following mortgage loans were serviced by such party: Atlanta andAnchorage Hotel Portfolio (from 1/1/18 to 12/31/18) (see Exhibit 33.7) 

33.23  National Tax Search, LLC, as Servicing Function Participantunder the CFCRE 2017-C8 securitization, pursuant to which the followingmortgage loans were serviced by such party: Atlanta and Anchorage HotelPortfolio (from 1/1/18 to 12/31/18) (see Exhibit 33.8) 

33.24  CWCapital Asset Management LLC, as Special Servicerunder the BANK 2017-BNK5 securitization, pursuant to which the followingmortgage loans were serviced by such party: Market Street - The Woodlands (from1/1/18 to 12/31/18)

33.25  CWCapital Asset Management LLC, as Special Servicerunder the GSMS 2014-GC22 securitization, pursuant to which the followingmortgage loans were serviced by such party: Selig Portfolio (from 1/1/18 to12/31/18) (see Exhibit 33.24) 

33.26  LNR Partners, LLC, as Special Servicer under the WFCM2017-C39 securitization, pursuant to which the following mortgage loans wereserviced by such party: Crowne Plaza JFK (from 1/1/18 to 12/31/18) (see Exhibit33.4) 

33.27  Wells Fargo Bank, National Association, as Custodianunder the BANK 2017-BNK5 securitization, pursuant to which the followingmortgage loans were serviced by such party: Market Street - The Woodlands (from1/1/18 to 12/31/18) (see Exhibit 33.2) 

33.28  Wells Fargo Bank, National Association, as Custodianunder the WFCM 2017-RB1 securitization, pursuant to which the followingmortgage loans were serviced by such party: 123 William Street (from 1/1/18 to12/31/18) (see Exhibit 33.2) 

33.29  Wells Fargo Bank, National Association, as Custodianunder the MSBAM 2017-C33 securitization, pursuant to which the followingmortgage loans were serviced by such party: Hyatt Regency Austin (from 1/1/18to 12/31/18) (see Exhibit 33.2) 

33.30  Wells Fargo Bank, National Association, as Custodianunder the GSMS 2014-GC22 securitization, pursuant to which the followingmortgage loans were serviced by such party: Selig Portfolio (from 1/1/18 to12/31/18) (see Exhibit 33.2) 

33.31  Wells Fargo Bank, National Association, as Custodianunder the WFCM 2017-C39 securitization, pursuant to which the followingmortgage loans were serviced by such party: Crowne Plaza JFK (from 1/1/18 to12/31/18) (see Exhibit 33.2) 

33.32  Wells Fargo Bank, National Association, as Custodianunder the CFCRE 2017-C8 securitization, pursuant to which the followingmortgage loans were serviced by such party: Atlanta and Anchorage HotelPortfolio (from 1/1/18 to 12/31/18) (see Exhibit 33.2) 

 

(34). Attestation reports on assessment ofcompliance with servicing criteria for asset-backed securities.

34.1  Wells Fargo Bank, National Association, as CertificateAdministrator

34.2  Wells Fargo Bank, National Association, as Custodian

34.3  Midland Loan Services, a Division of PNC Bank,National Association, as Master Servicer

34.4  LNR Partners, LLC, as Special Servicer

34.5  Trimont Real Estate Advisors, LLC, as OperatingAdvisor

34.6  Wells Fargo Bank, National Association, as MasterServicer under the BANK 2017-BNK5 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Market Street - TheWoodlands (from 1/1/18 to 12/31/18)

34.7  CoreLogic Commercial Real Estate Services, Inc., asServicing Function Participant under the BANK 2017-BNK5 securitization,pursuant to which the following mortgage loans were serviced by such party:Market Street - The Woodlands (from 1/1/18 to 12/31/18)

34.8  National Tax Search, LLC, as Servicing FunctionParticipant under the BANK 2017-BNK5 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Market Street - TheWoodlands (from 1/1/18 to 12/31/18)

34.9  Wells Fargo Bank, National Association, as MasterServicer under the WFCM 2017-RB1 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 123 William Street (from1/1/18 to 12/31/18) (see Exhibit 34.6) 

34.10  CoreLogic Commercial Real Estate Services, Inc., asServicing Function Participant under the WFCM 2017-RB1 securitization, pursuantto which the following mortgage loans were serviced by such party: 123 WilliamStreet (from 1/1/18 to 12/31/18) (see Exhibit 34.7) 

34.11  National Tax Search, LLC, as Servicing FunctionParticipant under the WFCM 2017-RB1 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: 123 William Street (from1/1/18 to 12/31/18) (see Exhibit 34.8) 

34.12  Wells Fargo Bank, National Association, as MasterServicer under the MSBAM 2017-C33 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Hyatt Regency Austin(from 1/1/18 to 12/31/18) (see Exhibit 34.6) 

34.13  CoreLogic Commercial Real Estate Services, Inc., asServicing Function Participant under the MSBAM 2017-C33 securitization,pursuant to which the following mortgage loans were serviced by such party:Hyatt Regency Austin (from 1/1/18 to 12/31/18) (see Exhibit 34.7) 

34.14  National Tax Search, LLC, as Servicing FunctionParticipant under the MSBAM 2017-C33 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Hyatt Regency Austin(from 1/1/18 to 12/31/18) (see Exhibit 34.8) 

34.15  Wells Fargo Bank, National Association, as MasterServicer under the GSMS 2014-GC22 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Selig Portfolio (from1/1/18 to 12/31/18) (see Exhibit 34.6) 

34.16  CoreLogic Commercial Real Estate Services, Inc., asServicing Function Participant under the GSMS 2014-GC22 securitization, pursuantto which the following mortgage loans were serviced by such party: SeligPortfolio (from 1/1/18 to 12/31/18) (see Exhibit 34.7) 

34.17  National Tax Search, LLC, as Servicing FunctionParticipant under the GSMS 2014-GC22 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Selig Portfolio (from1/1/18 to 12/31/18) (see Exhibit 34.8) 

34.18  Wells Fargo Bank, National Association, as Master Servicerunder the WFCM 2017-C39 securitization, pursuant to which the followingmortgage loans were serviced by such party: Crowne Plaza JFK (from 1/1/18 to12/31/18) (see Exhibit 34.6) 

34.19  CoreLogic Commercial Real Estate Services, Inc., asServicing Function Participant under the WFCM 2017-C39 securitization, pursuantto which the following mortgage loans were serviced by such party: Crowne PlazaJFK (from 1/1/18 to 12/31/18) (see Exhibit 34.7) 

34.20  National Tax Search, LLC, as Servicing FunctionParticipant under the WFCM 2017-C39 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Crowne Plaza JFK (from1/1/18 to 12/31/18) (see Exhibit 34.8) 

34.21  Wells Fargo Bank, National Association, as MasterServicer under the CFCRE 2017-C8 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Atlanta and AnchorageHotel Portfolio (from 1/1/18 to 12/31/18) (see Exhibit 34.6) 

34.22  CoreLogic Commercial Real Estate Services, Inc., asServicing Function Participant under the CFCRE 2017-C8 securitization, pursuantto which the following mortgage loans were serviced by such party: Atlanta andAnchorage Hotel Portfolio (from 1/1/18 to 12/31/18) (see Exhibit 34.7) 

34.23  National Tax Search, LLC, as Servicing FunctionParticipant under the CFCRE 2017-C8 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Atlanta and AnchorageHotel Portfolio (from 1/1/18 to 12/31/18) (see Exhibit 34.8) 

34.24  CWCapital Asset Management LLC, as Special Servicerunder the BANK 2017-BNK5 securitization, pursuant to which the followingmortgage loans were serviced by such party: Market Street - The Woodlands (from1/1/18 to 12/31/18)

34.25  CWCapital Asset Management LLC, as Special Servicerunder the GSMS 2014-GC22 securitization, pursuant to which the followingmortgage loans were serviced by such party: Selig Portfolio (from 1/1/18 to12/31/18) (see Exhibit 34.24) 

34.26  LNR Partners, LLC, as Special Servicer under the WFCM2017-C39 securitization, pursuant to which the following mortgage loans wereserviced by such party: Crowne Plaza JFK (from 1/1/18 to 12/31/18) (see Exhibit34.4) 

34.27  Wells Fargo Bank, National Association, as Custodianunder the BANK 2017-BNK5 securitization, pursuant to which the followingmortgage loans were serviced by such party: Market Street - The Woodlands (from1/1/18 to 12/31/18) (see Exhibit 34.2) 

34.28  Wells Fargo Bank, National Association, as Custodianunder the WFCM 2017-RB1 securitization, pursuant to which the followingmortgage loans were serviced by such party: 123 William Street (from 1/1/18 to12/31/18) (see Exhibit 34.2) 

34.29  Wells Fargo Bank, National Association, as Custodianunder the MSBAM 2017-C33 securitization, pursuant to which the followingmortgage loans were serviced by such party: Hyatt Regency Austin (from 1/1/18to 12/31/18) (see Exhibit 34.2) 

34.30  Wells Fargo Bank, National Association, as Custodianunder the GSMS 2014-GC22 securitization, pursuant to which the followingmortgage loans were serviced by such party: Selig Portfolio (from 1/1/18 to12/31/18) (see Exhibit 34.2) 

34.31  Wells Fargo Bank, National Association, as Custodianunder the WFCM 2017-C39 securitization, pursuant to which the followingmortgage loans were serviced by such party: Crowne Plaza JFK (from 1/1/18 to12/31/18) (see Exhibit 34.2) 

34.32  Wells Fargo Bank, National Association, as Custodianunder the CFCRE 2017-C8 securitization, pursuant to which the followingmortgage loans were serviced by such party: Atlanta and Anchorage HotelPortfolio (from 1/1/18 to 12/31/18) (see Exhibit 34.2) 

 

(35). Servicer compliance statement.

35.1  Wells Fargo Bank, National Association, as CertificateAdministrator

35.2  Wells Fargo Bank, National Association, as Custodian

35.3  Midland Loan Services, a Division of PNC Bank,National Association, as Master Servicer

35.4  LNR Partners, LLC, as Special Servicer

35.5  Wells Fargo Bank, National Association, as MasterServicer under the BANK 2017-BNK5 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Market Street - TheWoodlands (from 1/1/18 to 12/31/18)

35.6  Wells Fargo Bank, National Association, as MasterServicer under the WFCM 2017-RB1 securitization, pursuant to which the followingmortgage loans were serviced by such party: 123 William Street (from 1/1/18 to12/31/18)

35.7  Wells Fargo Bank, National Association, as MasterServicer under the MSBAM 2017-C33 securitization, pursuant to which the followingmortgage loans were serviced by such party: Hyatt Regency Austin (from 1/1/18to 12/31/18)

35.8  Wells Fargo Bank, National Association, as MasterServicer under the GSMS 2014-GC22 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Selig Portfolio (from1/1/18 to 12/31/18)

35.9  Wells Fargo Bank, National Association, as MasterServicer under the WFCM 2017-C39 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Crowne Plaza JFK (from1/1/18 to 12/31/18)

35.10  Wells Fargo Bank, National Association, as MasterServicer under the CFCRE 2017-C8 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Atlanta and AnchorageHotel Portfolio (from 1/1/18 to 12/31/18) 

35.11  LNR Partners, LLC, as Special Servicer under the WFCM2017-C39 securitization, pursuant to which the following mortgage loans wereserviced by such party: Crowne Plaza JFK (from 1/1/18 to 12/31/18)

35.12  Wells Fargo Bank, National Association, as Custodianunder the BANK 2017-BNK5 securitization, pursuant to which the followingmortgage loans were serviced by such party: Market Street - The Woodlands (from1/1/18 to 12/31/18) (see Exhibit 35.2) 

35.13  Wells Fargo Bank, National Association, as Custodianunder the WFCM 2017-RB1 securitization, pursuant to which the followingmortgage loans were serviced by such party: 123 William Street (from 1/1/18 to12/31/18) (see Exhibit 35.2) 

35.14  Wells Fargo Bank, National Association, as Custodianunder the MSBAM 2017-C33 securitization, pursuant to which the followingmortgage loans were serviced by such party: Hyatt Regency Austin (from 1/1/18to 12/31/18) (see Exhibit 35.2) 

35.15  Wells Fargo Bank, National Association, as Custodianunder the GSMS 2014-GC22 securitization, pursuant to which the followingmortgage loans were serviced by such party: Selig Portfolio (from 1/1/18 to12/31/18) (see Exhibit 35.2) 

35.16  Wells Fargo Bank, National Association, as Custodianunder the WFCM 2017-C39 securitization, pursuant to which the followingmortgage loans were serviced by such party: Crowne Plaza JFK (from 1/1/18 to12/31/18) (see Exhibit 35.2) 

35.17  Wells Fargo Bank, National Association, as Custodianunder the CFCRE 2017-C8 securitization, pursuant to which the followingmortgage loans were serviced by such party: Atlanta and Anchorage HotelPortfolio (from 1/1/18 to 12/31/18) (see Exhibit 35.2) 

 

(99.1)MortgageLoan Purchase Agreement, dated May 24, 2017, between Morgan Stanley Capital IInc. and Barclays Bank PLC (filed as Exhibit 99.1 to the registrant's CurrentReport on Form 8-K filed on June 8, 2017 under SEC File No. 333-206582-10 andincorporated by reference herein).

 

(99.2)MortgageLoan Purchase Agreement, dated May 24, 2017, between Morgan Stanley Capital IInc. and Argentic Real Estate Finance LLC (filed as Exhibit 99.2 to theregistrant's Current Report on Form 8-K filed on June 8, 2017 under SEC File No.333-206582-10 and incorporated by reference herein).

 

(99.3)MortgageLoan Purchase Agreement, dated May 24, 2017, between Morgan Stanley Capital IInc. and Morgan Stanley Mortgage Capital Holdings LLC (filed as Exhibit 99.3 tothe registrant's Current Report on Form 8-K filed on June 8, 2017 under SECFile No. 333-206582-10 and incorporated by reference herein).

 

(99.4)MortgageLoan Purchase Agreement, dated May 24, 2017, between Morgan Stanley Capital IInc. and Starwood Mortgage Funding III LLC (filed as Exhibit 99.4 to theregistrant's Current Report on Form 8-K filed on June 8, 2017 under SEC FileNo. 333-206582-10 and incorporated by reference herein).

 

(99.5)MortgageLoan Purchase Agreement, dated May 24, 2017, between Morgan Stanley Capital IInc. and Citi Real Estate Funding Inc. (filed as Exhibit 99.5 to theregistrant's Current Report on Form 8-K filed on June 8, 2017 under SEC FileNo. 333-206582-10 and incorporated by reference herein).

 

(99.6)MortgageLoan Purchase Agreement, dated May 24, 2017, between Morgan Stanley Capital IInc. and Citigroup Global Markets Realty Corp. (filed as Exhibit 99.6 to theregistrant's Current Report on Form 8-K filed on June 8, 2017 under SEC FileNo. 333-206582-10 and incorporated by reference herein).

 

(99.7)AgreementBetween Note Holders, dated as of June 8, 2017, by and between Morgan StanleyBank, N.A., as Initial Note A-1 Holder, Morgan Stanley Bank, N.A., as InitialNote A-2 Holder, Wells Fargo Bank, National Association, as Initial Note A-3Holder and Wells Fargo Bank, National Association, as Initial Note A-4 Holder,related to the Market Street - The Woodlands loan combination (filed as Exhibit99.7 to the registrant's Current Report on Form 8-K filed on June 8, 2017 underSEC File No. 333-206582-10 and incorporated by reference herein).

 

(99.8)Co-LenderAgreement, dated as of April 21, 2017, between Argentic Real Estate FinanceLLC, as Note A-1 Holder and Note A-2 Holder and Citi Real Estate Funding Inc.,as Note A-3 Holder and Note A-4 Holder, related to the Yeshiva UniversityPortfolio loan combination (filed as Exhibit 99.8 to the registrant's CurrentReport on Form 8-K filed on June 8, 2017 under SEC File No. 333-206582-10 andincorporated by reference herein).

 

(99.9)AgreementBetween Note Holders, dated as of March 30, 2017, by and between Barclays BankPLC, as Initial Note A-1-1 Holder, Initial Note A-1-2 Holder and Initial NoteA-1-3 Holder, JPMorgan Chase Bank, National Association, as Initial Note A-2Holder and Bank of America, N.A., as Initial Note A-3 Holder, related to theiStar Leased Fee Portfolio loan combination (filed as Exhibit 99.9 to theregistrant's Current Report on Form 8-K filed on June 8, 2017 under SEC FileNo. 333-206582-10 and incorporated by reference herein).

 

(99.10)Co-LenderAgreement, dated as of June 1, 2017, by and between Citi Real Estate FundingInc., as Initial Note A-1 Holder, Citi Real Estate Funding Inc., as InitialNote A-2 Holder and Citi Real Estate Funding Inc., as Initial Note A-3 Holder,related to the Magnolia Hotel Denver loan combination (filed as Exhibit 99.10to the registrant's Current Report on Form 8-K filed on June 8, 2017 under SECFile No. 333-206582-10 and incorporated by reference herein).

 

(99.11)AgreementBetween Noteholders, dated as of May 9, 2017, by and between Argentic RealEstate Finance LLC, as Senior Noteholder and The Bancorp Bank, as JuniorNoteholder, related to the One Presidential loan combination (filed as Exhibit99.11 to the registrant's Current Report on Form 8-K filed on June 8, 2017under SEC File No. 333-206582-10 and incorporated by reference herein).

 

(99.12)AgreementBetween Note Holders, dated as of May 11, 2017, between Morgan Stanley Bank,N.A., as Initial Note A-1 Holder and Morgan Stanley Bank, N.A., as Initial NoteA-2 Holder, related to the Gateway Crossing loan combination (filed as Exhibit99.12 to the registrant's Current Report on Form 8-K/A filed on January 25,2018 under SEC File No. 333-206582-10 and incorporated by reference herein).

 

(99.13)AgreementBetween Note Holders, dated as of June 8, 2017, by and between Argentic RealEstate Finance LLC, as Initial Note A-1 Holder and Argentic Real Estate FinanceLLC, as Initial Note A-2 Holder, related to the Crowne Plaza JFK loancombination (filed as Exhibit 99.13 to the registrant's Current Report on Form8-K filed on June 8, 2017 under SEC File No. 333-206582-10 and incorporated byreference herein).

 

(99.14)AgreementBetween Note Holders, dated as of March 6, 2017, by and between Barclays BankPLC, as Initial Note A-1 Holder, Barclays Bank PLC, as Initial Note A-2 Holderand Barclays Bank PLC, as Initial Note A-3 Holder, related to the 123 WilliamStreet loan combination (filed as Exhibit 99.14 to the registrant's CurrentReport on Form 8-K filed on June 8, 2017 under SEC File No. 333-206582-10 andincorporated by reference herein).

 

(99.15)AgreementBetween Note Holders, dated as of May 11, 2017, between Morgan Stanley Bank,N.A., as Initial Note A-1 Holder and Morgan Stanley Bank, N.A., as Initial NoteA-2 Holder, related to the Hyatt Regency Austin loan combination (filed asExhibit 99.15 to the registrant's Current Report on Form 8-K/A filed on January25, 2018 under SEC File No. 333-206582-10 and incorporated by referenceherein).

 

(99.16)Amendedand Restated Co-Lender Agreement, dated as of May 2, 2017, by and amongDeutsche Bank Trust Company Americas, as trustee for the benefit of theregistered holders of GS Mortgage Securities Corporation II, Commercial MortgagePass-Through Certificates, Series 2014-GC22, as Current Note A-1 Holder,Deutsche Bank Trust Company Americas, as trustee for the benefit of theregistered holders of Citigroup Commercial Mortgage Securities Inc., CommercialMortgage Pass-Through Certificates, Series 2014-GC23, as Current Note A-2Holder and Barclays Bank Plc, a public company registered in England and Wales,as Current Note A-3 Holder, related to the Selig Portfolio loan combination(filed as Exhibit 99.16 to the registrant's Current Report on Form 8-K filed onJune 8, 2017 under SEC File No. 333-206582-10 and incorporated by referenceherein).

 

(99.17)Co-LenderAgreement, dated as of March 23, 2017, among Rialto Mortgage Finance, LLC, asinitial Note A-1-A Holder, Rialto Mortgage Finance, LLC, as initial Note A-1-BHolder, Citigroup Global Markets Realty Corp., as initial Note A-2 Holder,Barclays Bank PLC, as initial Note A-3-A Holder and Barclays Bank PLC, asInitial Note A-3-B Holder, related to the Atlanta and Anchorage Hotel Portfolioloan combination (filed as Exhibit 99.17 to the registrant's Current Report onForm 8-K filed on June 8, 2017 under SEC File No. 333-206582-10 andincorporated by reference herein).

 

(b)See (a) above.

 

(c) NotApplicable.

 

**SIGNATURES**

 

Pursuantto the requirements of Section 13 or 15(d) of the Securities Exchange Act of1934, the registrant has duly caused this report to be signed on its behalf bythe undersigned, thereunto duly authorized.

 

MorganStanley Capital I Inc.

(Depositor)

 

By:/s/ George Kok

GeorgeKok, President 

(seniorofficer in charge of securitization of the depositor)

 

Date:March 29, 2019