**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, 2023OR**

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

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

 

 

 

**Commission file number: 333-227446-02**

 

**Central Index Key Number of the issuing entity:****0001766660**

 

**Morgan Stanley Capital ITrust 2019-L2**

**(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: 0001541557**

 

**Morgan Stanley MortgageCapital Holdings LLC**

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

 

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

 

**Argentic Real Estate FinanceLLC**

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

 

**Central Index Key Number of the sponsor: 0001548405**

 

**Starwood Mortgage Capital LLC**

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

 

**Central Index Key Number of the sponsor: 0001558761**

 

**Cantor Commercial Real EstateLending, L.P.**

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

** **

**Central Index Key Number of the sponsor: 0001722518**

 

**BSPRT CMBS Finance, LLC**

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

 

| **New York**                                                        | **38-4014403  38-4014404  38-7221261**       |
|---------------------------------------------------------------------|----------------------------------------------|
| **(State or other jurisdiction of incorporation or  organization)** | **(I.R.S. Employer Identification Numbers)** |

 

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

**Wells Fargo Bank, National Association**

**9062 Old Annapolis Road**

** Columbia, MD**

**(Address of principal executive offices)**

 

**21045**

**(Zip Code)**

 

**Telephone number, including area code:**

**(667) 786‐1992**

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

 

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

 

 

 

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

 

  NONE.

 

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

 

  Yes___ No X

 

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

 

  Yes___ No X

 

Note- Checking the box above will not relieve any registrant required to file reportspursuant to Section 13 or 15(d) of the Exchange Act from their obligationsunder 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 everyInteractive Data File required to be submitted 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 suchfiles).

 

 Not applicable.

  

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

 

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

 

Emerginggrowth company ___

 

Ifan emerging growth company, indicate by check mark if the registrant haselected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) ofthe Ex­change Act.

 

  Notapplicable.

 

Indicateby check mark whether the registrant has filed a report on and attestation toits management’s assessment of the effectiveness of its internal control overfinancial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C.7262(b)) by the registered public accounting firm that prepared or issued itsaudit report.

 

Notapplicable. 

 

If securities are registered pursuant to Section 12(b)of the Act, indicate by check mark whether the financial statements of the

registrantincluded in the filing reflect the correction of an error to previously issuedfinancial statements.

 

Not applicable.

 

Indicateby check mark whether any of those error corrections are restatements thatrequired a recovery analysis of incentive-based compensation received by any ofthe registrant’s executive officers during the relevant recovery periodpursuant to §240.10D-1(b).

 

Not applicable.

 

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**

 

TheMSC 2019-L2 mortgage pool includes the following mortgage loans, each of whichis serviced pursuant to a separate pooling and servicing agreement (each, an“Outside Pooling and Servicing Agreement”):

 

•  the One AT&T mortgage loan and the Residence Inn National Portfoliomortgage loan, which are serviced pursuant to the BANK 2019-BNK16 pooling andservicing agreement attached hereto as Exhibit 4.2; 

 

•  the Fairfax Multifamily Portfolio mortgage loan, which is serviced pursuant tothe CFK 2019-FAX trust and servicing agreement attached hereto as Exhibit 4.3; 

 

•  the Fidelis Portfolio mortgage loan, which is serviced pursuant to the BBCMS2018-C2 pooling and servicing agreement attached hereto as Exhibit 4.4; and

 

•  the Sheraton Grand Nashville Downtown mortgage loan, which is serviced pursuantto the WFCM 2018-C48 pooling and servicing agreement attached hereto as Exhibit4.5.

 

Exceptas set forth below, each of the parties to each pooling and servicing agreementlisted in the Exhibit Index both (1) participates in the servicing function forpurposes of Item 1122 of Regulation AB and (2) constitutes a servicer thatmeets the criteria in Item 1108(a)(2)(i) through (iii) of Regulation AB forpurposes of Item 1123 of Regulation AB:

 

•  The trustee under a pooling and servicing agreement has a nominal role withrespect to the mortgage pool securitized pursuant to such pooling and servicingagreement.  The trustee’s only servicing function is the contingentobligation to make certain advances if the master servicer under such poolingand servicing agreement fails to do so, while all other servicing functions areperformed by other parties.  The trustee under each of the pooling andservicing agreements listed in the Exhibit Index has confirmed to theregistrant that it has not made any such contingent advances during the reportingperiod, and consequently, each such trustee does not participate in theservicing function for purposes of Item 1122 of Regulation AB, nor does itperform the functions of a servicer for purposes of the definition of“servicer” under Item 1101 of Regulation AB or for purposes of Item 1123 ofRegulation AB.

 

•  The certificate administrator under a pooling and servicing agreement performsvarious payment administration functions solely for the securitization governedby such pooling and servicing agreement and the mortgage pool securitizedpursuant to such pooling and servicing agreement and does not have anyobligations with respect to any other transaction.  Consequently, thecertificate administrator under an Outside Pooling and Servicing Agreement doesnot participate in the servicing function for purposes of Item 1122 ofRegulation AB, nor does it perform the functions of a servicer for purposes ofthe definition of “servicer” under Item 1101 of Regulation AB or for purposesof Item 1123 of Regulation AB.

 

•  The operating advisor under a pooling and servicing agreement represents theinterests of senior certificateholders in the transaction governed by suchpooling and servicing agreement and is responsible for monitoring theperformance of the special servicer under such pooling and servicing agreementand producing certain reports to certificateholders relating to the resolutionof the mortgage pool securitized pursuant to such pooling and servicingagreement.  The operating advisor under a pooling and servicing agreementdoes not have any obligations with respect to any other transaction and issolely obligated to perform loan reporting functions with respect to thesecuritization governed by such pooling and servicing agreement. Consequently, the operating advisor under an Outside Pooling and ServicingAgreement neither participates in the servicing function for purposes of Item1122 of Regulation AB nor performs the functions of a servicer for purposes ofthe definition of “servicer” under Item 1101 of Regulation AB or for purposesof Item 1123 of Regulation AB.  In addition, while the operating advisorunder a pooling and servicing agreement has certain reporting obligations inrespect of the related mortgage pool, it has no obligation to collect or disbursefunds in respect of the mortgage pool or to administer any of the underlyingmortgage loans.  Consequently, the operating advisor under a pooling andservicing agreement participates in the servicing function for purposes of Item1122 of Regulation AB, but is not responsible for the “management or collectionof the 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. 

 

•  The asset representations reviewer under a pooling andservicing agreement has a limited obligation to review certain delinquentmortgage loans after a specified delinquency threshold has been met and therequired percentage of certificateholders vote to direct a review of suchdelinquent mortgage loans, and has no obligation to collect or disburse fundsin respect of the mortgage pool, to administer any of the underlying mortgageloans or to perform any servicing function.  Consequently, the assetrepresentations reviewer under a pooling and servicing agreement does notparticipate in the servicing function for purposes of Item 1122 of RegulationAB, is not responsible for the “management or collection of the pool assets ormaking allocations or distributions to holders of the asset-backed securities”within the meaning of “servicer” under Item 1101 of Regulation AB and does notperform the functions of a servicer for purposes of Item 1123 of Regulation AB.

•  NCB, N.A. as NCB master servicer and NCB special servicer under theBANK 2019-BNK16 pooling and servicing agreement, only has obligations inrespect of certain mortgage loans sold to the BANK 2019-BNK16 securitizationtrust by NCB, N.A. or its affiliate and has no obligations with respect to theOne AT&T mortgage loan or the Residence Inn National Portfolio mortgageloan and therefore in such capacity does not constitute a reporting “servicingfunction participant” for purposes of Item 1122 of Regulation AB, as specifiedin the Instruction 3 to Item 1122, and does not constitute a reporting“servicer” for purposes of Item 1123 of Regulation AB, as specified in theInstruction to Item 1123.

 

•   KeyBank National Association is the servicer underthe CFK 2019-FAX trust and servicing agreement, pursuant to which the FairfaxMultifamily Portfolio mortgage loan is serviced.  Because KeyBank NationalAssociation is not the MSC 2019-L2 master servicer, is not affiliated with anysponsor and services only the Fairfax Multifamily Portfolio mortgage loan,which constitutes less than 5% of the mortgage pool, KeyBank NationalAssociation, as CFK 2019-FAX servicer, does not constitute a reporting“servicing function participant” for purposes of Item 1122 of Regulation AB, asspecified in the Instruction 3 to Item 1122, and does not constitute areporting “servicer” for purposes of Item 1123 of Regulation AB, as specifiedin the Instruction to Item 1123.

•   Argentic ServicesCompany LP is the current special servicer under the WFCM 2018-C48 pooling andservicing agreement, under which the Sheraton Grand Nashville Downtown mortgageloan is serviced. On May 6, 2020, LNR Partners, LLC was replaced as specialservicer under the WFCM 2018-C48 pooling and servicing agreement and succeededby Argentic Services Company LP.  

 

Inaddition, each of the following parties engaged the services of certainservicing function participants and sub-servicers for the reporting period, asset forth below:

 

•  Midland Loan Services, a Division of PNC Bank, National Association, asmaster servicer, engaged the services of Berkeley Point Capital LLC as asub-servicer in respect of the entire mortgage pool for the reporting period.

 

•  Wells Fargo Bank, National Association, as master servicer under the BANK2019-BNK16 pooling and servicing agreement, pursuant to which the One AT&Tmortgage loan and the Residence Inn National Portfolio mortgage loan areserviced, engaged the services of CoreLogic Solutions, LLC as a servicingfunction participant in respect of the One AT&T mortgage loan and theResidence Inn National Portfolio mortgage loan for the reporting period.

 

•  Wells Fargo Bank, National Association, as master servicer under the BBCMS2018-C2 pooling and servicing agreement, pursuant to which the FidelisPortfolio mortgage loan is serviced, engaged the services of CoreLogicSolutions as a servicing function participant in respect of the FidelisPortfolio mortgage loan for the reporting period.

 

•  Wells Fargo Bank, National Association, as master servicer under the WFCM2018-C48 pooling and servicing agreement, pursuant to which the Sheraton GrandNashville Downtown mortgage loan is serviced, engaged the services of CoreLogicSolutions, LLC as a servicing function participant in respect of the SheratonGrand Nashville Downtown mortgage loan for the reporting period.

 

•  On November 1, 2021, pursuant to the second amended and restated servicingagreement attached hereto as Exhibit 99.15, Computershare Trust Company,National Association was engaged to perform all or virtually all of Wells FargoBank, National Association’s roles as certificate administrator, custodian andtrustee, as applicable, under (i) the pooling and servicing agreement and (ii)each Outside Pooling and Servicing Agreement.

 

 

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

 

| **PART II**  |                                                                                                                |
|-------------------|---------------------------------------------------------------------------------------------------------------------|
|              |                                                                                                                |
| **Item 5.**  | **Market for Registrant's  Common Equity, Related Stockholder Matters and Issuer Purchases of Equity  Securities.** |
|              | Omitted.                                                                                                            |
| **Item 6.**  | **[Reserved]**                                                                                                      |
| **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.                                                                                                               |
| **Item 9C.** | **Disclosure Regarding  Foreign Jurisdictions that Prevent Inspections.**                                           |
|              | 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 Accountant 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.**

 

No entityor group of affiliated entities provides any enhancement or other support forthe 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 follows: 

 

InDecember 2014, Phoenix Light SF Limited (Phoenix Light) and certain related entitiesfiled a complaint in the United States District Court for the Southern Districtof New York alleging claims against Wells Fargo Bank, N.A., in its capacity astrustee for a number of residential mortgage-backed securities (RMBS) trusts.Complaints raising similar allegations have been filed by Commerzbank AG in theSouthern District of New York, IKB International and IKB Deutsche Industriebank(together, IKB) in New York state court, and Park Royal I LLC and Park Royal IILLC in New York state court. In each case, the plaintiffs allege that WellsFargo Bank, N.A., as trustee, caused losses to investors, and plaintiffs assertcauses of action based upon, among other things, the trustee’s alleged failureto notify and enforce repurchase obligations of mortgage loan sellers forpurported breaches of representations and warranties, notify investors ofalleged events of default, and abide by appropriate standards of care followingalleged events of default. In July 2022, the district court dismissed PhoenixLight’s claims and certain of the claims asserted by Commerzbank AG, andsubsequently entered judgment in each case in favor of Wells Fargo Bank, N.A.In August 2022, Phoenix Light and Commerzbank AG each appealed the districtcourt’s decision to the United States Court of Appeals for the Second Circuit.Phoenix Light dismissed its appeal in May 2023, terminating its case. InNovember 2023, Wells Fargo Bank, N.A. entered into an agreement with IKB toresolve IKB’s claims. Wells Fargo Bank, N.A. previously settled two classactions filed by institutional investors and an action filed by the NationalCredit Union Administration with similar allegations.

 

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

 

Theinformation regarding this Item has been provided previously in an annualreport on Form 10-K of the issuing entity or in the prospectus of the issuingentity filed in a 424(b)(2) filing dated March 12, 2019. 

 

**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.

 

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

 

Theservicer compliance statements are attached hereto under Item 15.

 

 

**PART IV**

 

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

 

(a) Exhibits.

 

(4.1)Pooling and Servicing Agreement, dated as of March 1,2019, between Morgan Stanley Capital I Inc., as depositor, Midland LoanServices, a Division of PNC Bank, National Association, as master servicer,Rialto Capital Advisors, LLC, as special servicer, Wells Fargo Bank, NationalAssociation, as certificate administrator and trustee, and PentalphaSurveillance LLC, as operating advisor and as asset representations reviewer(filed as Exhibit 4.1 to the registrant's Current Report on Form 8-K/A filed onFebruary 24, 2020 under SEC File No. 333-227446-02 and incorporated byreference herein).

 

(4.2)Pooling and Servicing Agreement, dated as of February1, 2019, between Wells Fargo Commercial Mortgage Securities, Inc., asdepositor, Wells Fargo Bank, National Association, as general master servicer,KeyBank National Association, as general special servicer, National CooperativeBank, N.A., as NCB master servicer and NCB special servicer, Wilmington Trust,National Association, as trustee, Wells Fargo Bank, National Association, ascertificate administrator, and Park Bridge Lender Services LLC, as operatingadvisor and as asset representations reviewer, relating to the BANK 2019-BNK16securitization transaction, pursuant to which the One AT&T Mortgage Loanand the Residence Inn National Portfolio Mortgage Loan are serviced (filed asExhibit 4.2 to the registrant's Current Report on Form 8-K filed on March 12,2019 under SEC File No. 333-227446-02 and incorporated by reference herein).

 

(4.3)Trust and Servicing Agreement, dated as of February 6,2019, between CCRE Commercial Mortgage Securities, L.P., as depositor, KeyBankNational Association, as servicer and special servicer, and Wells Fargo Bank,National Association, as trustee, certificate administrator and custodian,relating to the CFK Trust 2019-FAX securitization transaction, pursuant towhich the Fairfax Multifamily Portfolio Mortgage Loan is serviced (filed asExhibit 4.3 to the registrant's Current Report on Form 8-K filed on March 12,2019 under SEC File No. 333-227446-02 and incorporated by reference herein).

 

(4.4) Pooling and Servicing Agreement, dated as of December1, 2018, between Barclays Commercial Mortgage Securities LLC, as depositor,Wells Fargo Bank, National Association, as master servicer, LNR Partners, LLC,as special servicer, Wilmington Trust, National Association, as trustee, WellsFargo Bank, National Association, as certificate administrator, and Park BridgeLender Services LLC, as operating advisor and as asset representationsreviewer, relating to the BBCMS Mortgage Trust 2018-C2 securitizationtransaction, pursuant to which the Fidelis Portfolio Mortgage Loan is serviced(filed as Exhibit 4.4 to the registrant's Current Report on Form 8-K filed onMarch 12, 2019 under SEC File No. 333-227446-02 and incorporated by referenceherein).

 

(4.5)Pooling and Servicing Agreement, dated as of December1, 2018, between Wells Fargo Commercial Mortgage Securities, Inc., asdepositor, Wells Fargo Bank, National Association, as master servicer, LNRPartners, LLC, as special servicer, Wilmington Trust, National Association, astrustee, Wells Fargo Bank, National Association, as certificate administrator,and Pentalpha Surveillance LLC, as operating advisor and as assetrepresentations reviewer, relating to the WFCM 2018-C48 securitizationtransaction, pursuant to which the Sheraton Grand Nashville Downtown MortgageLoan is serviced (filed as Exhibit 4.5 to the registrant's Current Report onForm 8-K filed on March 12, 2019 under SEC File No. 333-227446-02 andincorporated by reference herein).

  

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

 

(33)  Reports on assessment of compliance withservicing criteria for asset-backed securities.

 

33.1 Wells Fargo Bank, National Association, as CertificateAdministrator

 

33.2 Computershare Trust Company, National Association, asServicing Function Participant for the Certificate Administrator

 

33.3 Wells Fargo Bank, National Association, as Custodian

 

33.4 Computershare Trust Company, National Association, asServicing Function Participant for the Custodian

 

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

 

33.6 Rialto CapitalAdvisors, LLC, as Special Servicer

 

33.7 Pentalpha SurveillanceLLC, as Operating Advisor

 

33.8 Berkeley Point CapitalLLC, as Primary Servicer

 

33.9 Wells Fargo Bank,National Association, as Master Servicer under the BANK 2019-BNK16securitization, pursuant to which the following mortgage loans were serviced bysuch party: One AT&T (from 1/1/23 to 12/31/23) and Residence Inn NationalPortfolio (from 1/1/23 to 12/31/23)

 

33.10 CoreLogic Solutions,LLC, as Servicing Function Participant under the BANK 2019-BNK16securitization, pursuant to which the following mortgage loans were serviced bysuch party: One AT&T (from 1/1/23 to 12/31/23) and Residence Inn NationalPortfolio (from 1/1/23 to 12/31/23)

 

33.11 Wells Fargo Bank,National Association, as Master Servicer under the BBCMS 2018-C2securitization, pursuant to which the following mortgage loans were serviced bysuch party: Fidelis Portfolio (from 1/1/23 to 12/31/23) (See exhibit 33.9)

 

33.12 CoreLogic Solutions,LLC, as Servicing Function Participant under the BBCMS 2018-C2 securitization,pursuant to which the following mortgage loans were serviced by such party:Fidelis Portfolio (from 1/1/23 to 12/31/23) (See exhibit 33.10)

 

33.13 Wells Fargo Bank,National Association, as Master Servicer under the WFCM 2018-C48securitization, pursuant to which the following mortgage loans were serviced bysuch party: Sheraton Grand Nashville Downtown (from 1/1/23 to 12/31/23) (Seeexhibit 33.9)

 

33.14 CoreLogic Solutions,LLC, as Servicing Function Participant under the WFCM 2018-C48 securitization,pursuant to which the following mortgage loans were serviced by such party:Sheraton Grand Nashville Downtown (from 1/1/23 to 12/31/23) (See exhibit 33.10)

 

33.15 KeyBank NationalAssociation, as Special Servicer under the BANK 2019-BNK16 securitization,pursuant to which the following mortgage loans were serviced by such party: OneAT&T (from 1/1/23 to 12/31/23) and Residence Inn National Portfolio (from1/1/23 to 12/31/23)

 

33.16 KeyBank NationalAssociation, as Special Servicer under the CFK 2019-FAX securitization,pursuant to which the following mortgage loans were serviced by such party:Fairfax Multifamily Portfolio (from 1/1/23 to 12/31/23) (See exhibit 33.15)

 

33.17 LNR Partners, LLC,as Special Servicer under the BBCMS 2018-C2 securitization, pursuant to whichthe following mortgage loans were serviced by such party: Fidelis Portfolio(from 1/1/23 to 12/31/23)

 

33.18 Argentic ServicesCompany LP, as Special Servicer under the WFCM 2018-C48 securitization,pursuant to which the following mortgage loans were serviced by such party:Sheraton Grand Nashville Downtown (from 1/1/23 to 12/31/23)

 

33.19 Wells Fargo Bank,National Association, as Custodian under the BANK 2019-BNK16 securitization,pursuant to which the following mortgage loans were serviced by such party: OneAT&T (from 1/1/23 to 12/31/23) and Residence Inn National Portfolio (from1/1/23 to 12/31/23) (See exhibit 33.3)

 

33.20 Computershare TrustCompany, National Association, as Servicing Function Participant under the BANK2019-BNK16 securitization, pursuant to which the following mortgage loans wereserviced by such party: One AT&T (from 1/1/23 to 12/31/23) and Residence InnNational Portfolio (from 1/1/23 to 12/31/23) (See exhibit 33.4)

 

33.21 Wells Fargo Bank,National Association, as Custodian under the CFK 2019-FAX securitization,pursuant to which the following mortgage loans were serviced by such party:Fairfax Multifamily Portfolio (from 1/1/23 to 12/31/23) (See exhibit 33.3)

 

33.22 Computershare TrustCompany, National Association, as Servicing Function Participant under the CFK2019-FAX securitization, pursuant to which the following mortgage loans wereserviced by such party: Fairfax Multifamily Portfolio (from 1/1/23 to 12/31/23)(See exhibit 33.4)

 

33.23 Wells Fargo Bank,National Association, as Custodian under the BBCMS 2018-C2 securitization,pursuant to which the following mortgage loans were serviced by such party:Fidelis Portfolio (from 1/1/23 to 12/31/23) (See exhibit 33.3)

 

33.24 Computershare TrustCompany, National Association, as Servicing Function Participant under theBBCMS 2018-C2 securitization, pursuant to which the following mortgage loanswere serviced by such party: Fidelis Portfolio (from 1/1/23 to 12/31/23) (Seeexhibit 33.4)

 

33.25 Wells Fargo Bank,National Association, as Custodian under the WFCM 2018-C48 securitization,pursuant to which the following mortgage loans were serviced by such party:Sheraton Grand Nashville Downtown (from 1/1/23 to 12/31/23) (See exhibit 33.3)

 

33.26 Computershare TrustCompany, National Association, as Servicing Function Participant under the WFCM2018-C48 securitization, pursuant to which the following mortgage loans wereserviced by such party: Sheraton Grand Nashville Downtown (from 1/1/23 to12/31/23) (See exhibit 33.4)

 

(34). Attestation reports on assessment of compliancewith servicing criteria for asset-backed securities.

 

34.1 Wells Fargo Bank, National Association, as CertificateAdministrator

 

34.2 Computershare Trust Company, National Association, asServicing Function Participant for the Certificate Administrator

 

34.3 Wells Fargo Bank, National Association, as Custodian

 

34.4 Computershare Trust Company, National Association, asServicing Function Participant for the Custodian

 

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

 

34.6 Rialto CapitalAdvisors, LLC, as Special Servicer

 

34.7 Pentalpha SurveillanceLLC, as Operating Advisor

 

34.8 Berkeley Point CapitalLLC, as Primary Servicer

 

34.9 Wells Fargo Bank,National Association, as Master Servicer under the BANK 2019-BNK16securitization, pursuant to which the following mortgage loans were serviced bysuch party: One AT&T (from 1/1/23 to 12/31/23) and Residence Inn NationalPortfolio (from 1/1/23 to 12/31/23)

 

34.10 CoreLogic Solutions,LLC, as Servicing Function Participant under the BANK 2019-BNK16securitization, pursuant to which the following mortgage loans were serviced bysuch party: One AT&T (from 1/1/23 to 12/31/23) and Residence Inn NationalPortfolio (from 1/1/23 to 12/31/23)

 

34.11 Wells Fargo Bank,National Association, as Master Servicer under the BBCMS 2018-C2securitization, pursuant to which the following mortgage loans were serviced bysuch party: Fidelis Portfolio (from 1/1/23 to 12/31/23) (See exhibit 34.9)

 

34.12 CoreLogic Solutions,LLC, as Servicing Function Participant under the BBCMS 2018-C2 securitization,pursuant to which the following mortgage loans were serviced by such party:Fidelis Portfolio (from 1/1/23 to 12/31/23) (See exhibit 34.10)

 

34.13 Wells Fargo Bank,National Association, as Master Servicer under the WFCM 2018-C48securitization, pursuant to which the following mortgage loans were serviced bysuch party: Sheraton Grand Nashville Downtown (from 1/1/23 to 12/31/23) (Seeexhibit 34.9)

 

34.14 CoreLogic Solutions,LLC, as Servicing Function Participant under the WFCM 2018-C48 securitization,pursuant to which the following mortgage loans were serviced by such party:Sheraton Grand Nashville Downtown (from 1/1/23 to 12/31/23) (See exhibit 34.10)

 

34.15 KeyBank NationalAssociation, as Special Servicer under the BANK 2019-BNK16 securitization,pursuant to which the following mortgage loans were serviced by such party: OneAT&T (from 1/1/23 to 12/31/23) and Residence Inn National Portfolio (from1/1/23 to 12/31/23)

 

34.16 KeyBank NationalAssociation, as Special Servicer under the CFK 2019-FAX securitization,pursuant to which the following mortgage loans were serviced by such party:Fairfax Multifamily Portfolio (from 1/1/23 to 12/31/23) (See exhibit 34.15)

 

34.17 LNR Partners, LLC,as Special Servicer under the BBCMS 2018-C2 securitization, pursuant to whichthe following mortgage loans were serviced by such party: Fidelis Portfolio(from 1/1/23 to 12/31/23)

 

34.18 Argentic ServicesCompany LP, as Special Servicer under the WFCM 2018-C48 securitization,pursuant to which the following mortgage loans were serviced by such party:Sheraton Grand Nashville Downtown (from 1/1/23 to 12/31/23)

 

34.19 Wells Fargo Bank,National Association, as Custodian under the BANK 2019-BNK16 securitization,pursuant to which the following mortgage loans were serviced by such party: OneAT&T (from 1/1/23 to 12/31/23) and Residence Inn National Portfolio (from1/1/23 to 12/31/23) (See exhibit 34.3)

 

34.20 Computershare TrustCompany, National Association, as Servicing Function Participant under the BANK2019-BNK16 securitization, pursuant to which the following mortgage loans wereserviced by such party: One AT&T (from 1/1/23 to 12/31/23) and ResidenceInn National Portfolio (from 1/1/23 to 12/31/23) (See exhibit 34.4)

 

34.21 Wells Fargo Bank,National Association, as Custodian under the CFK 2019-FAX securitization,pursuant to which the following mortgage loans were serviced by such party:Fairfax Multifamily Portfolio (from 1/1/23 to 12/31/23) (See exhibit 34.3)

 

34.22 Computershare TrustCompany, National Association, as Servicing Function Participant under the CFK 2019-FAXsecuritization, pursuant to which the following mortgage loans were serviced bysuch party: Fairfax Multifamily Portfolio (from 1/1/23 to 12/31/23) (Seeexhibit 34.4)

 

34.23 Wells Fargo Bank,National Association, as Custodian under the BBCMS 2018-C2 securitization,pursuant to which the following mortgage loans were serviced by such party:Fidelis Portfolio (from 1/1/23 to 12/31/23) (See exhibit 34.3)

 

34.24 Computershare TrustCompany, National Association, as Servicing Function Participant under theBBCMS 2018-C2 securitization, pursuant to which the following mortgage loanswere serviced by such party: Fidelis Portfolio (from 1/1/23 to 12/31/23) (Seeexhibit 34.4)

 

34.25 Wells Fargo Bank,National Association, as Custodian under the WFCM 2018-C48 securitization,pursuant to which the following mortgage loans were serviced by such party:Sheraton Grand Nashville Downtown (from 1/1/23 to 12/31/23) (See exhibit 34.3)

 

34.26 Computershare TrustCompany, National Association, as Servicing Function Participant under the WFCM2018-C48 securitization, pursuant to which the following mortgage loans wereserviced by such party: Sheraton Grand Nashville Downtown (from 1/1/23 to12/31/23) (See exhibit 34.4)

 

(35). Servicer compliance statement.

 

35.1 Wells Fargo Bank, National Association, as CertificateAdministrator

 

35.2 Computershare Trust Company, National Association, asServicing Function Participant for the Certificate Administrator

 

35.3 Wells Fargo Bank, National Association, as Custodian

 

35.4 Computershare Trust Company, National Association, asServicing Function Participant for the Custodian

 

35.5 Midland LoanServices, a Division of PNC Bank, National Association, as Master Servicer

 

35.6 Rialto CapitalAdvisors, LLC, as Special Servicer

 

35.7 Berkeley PointCapital LLC, as Primary Servicer

 

35.8 Wells Fargo Bank,National Association, as Master Servicer under the BANK 2019-BNK16securitization, pursuant to which the following mortgage loans were serviced bysuch party: One AT&T (from 1/1/23 to 12/31/23) and Residence Inn NationalPortfolio (from 1/1/23 to 12/31/23)

 

35.9 Wells Fargo Bank,National Association, as Master Servicer under the BBCMS 2018-C2securitization, pursuant to which the following mortgage loans were serviced bysuch party: Fidelis Portfolio (from 1/1/23 to 12/31/23) (See exhibit 35.8)

 

35.10 Wells Fargo Bank,National Association, as Master Servicer under the WFCM 2018-C48 securitization,pursuant to which the following mortgage loans were serviced by such party:Sheraton Grand Nashville Downtown (from 1/1/23 to 12/31/23) (See exhibit 35.8)

 

35.11 KeyBankNational Association, as Special Servicer under the BANK 2019-BNK16securitization, pursuant to which the following mortgage loans were serviced bysuch party: One AT&T (from 1/1/23 to 12/31/23) and Residence Inn NationalPortfolio (from 1/1/23 to 12/31/23)

 

35.12 KeyBank NationalAssociation, as Special Servicer under the CFK 2019-FAX securitization,pursuant to which the following mortgage loans were serviced by such party:Fairfax Multifamily Portfolio (from 1/1/23 to 12/31/23) (See exhibit 35.11)

 

35.13 LNR Partners, LLC,as Special Servicer under the BBCMS 2018-C2 securitization, pursuant to whichthe following mortgage loans were serviced by such party: Fidelis Portfolio(from 1/1/23 to 12/31/23)

 

35.14 Argentic ServicesCompany LP, as Special Servicer under the WFCM 2018-C48 securitization,pursuant to which the following mortgage loans were serviced by such party:Sheraton Grand Nashville Downtown (from 1/1/23 to 12/31/23)

 

35.15 Wells Fargo Bank,National Association, as Custodian under the BANK 2019-BNK16 securitization,pursuant to which the following mortgage loans were serviced by such party: OneAT&T (from 1/1/23 to 12/31/23) and Residence Inn National Portfolio (from1/1/23 to 12/31/23) (See exhibit 35.3)

 

35.16 Computershare TrustCompany, National Association, as Servicing Function Participant under the BANK2019-BNK16 securitization, pursuant to which the following mortgage loans wereserviced by such party: One AT&T (from 1/1/23 to 12/31/23) and ResidenceInn National Portfolio (from 1/1/23 to 12/31/23) (See exhibit 35.4)

 

35.17 Wells Fargo Bank,National Association, as Custodian under the CFK 2019-FAX securitization,pursuant to which the following mortgage loans were serviced by such party:Fairfax Multifamily Portfolio (from 1/1/23 to 12/31/23) (See exhibit 35.3)

 

35.18 Computershare TrustCompany, National Association, as Servicing Function Participant under the CFK2019-FAX securitization, pursuant to which the following mortgage loans wereserviced by such party: Fairfax Multifamily Portfolio (from 1/1/23 to 12/31/23)(See exhibit 35.4)

 

35.19 Wells Fargo Bank,National Association, as Custodian under the BBCMS 2018-C2 securitization,pursuant to which the following mortgage loans were serviced by such party:Fidelis Portfolio (from 1/1/23 to 12/31/23) (See exhibit 35.3)

 

35.20 Computershare TrustCompany, National Association, as Servicing Function Participant under theBBCMS 2018-C2 securitization, pursuant to which the following mortgage loanswere serviced by such party: Fidelis Portfolio (from 1/1/23 to 12/31/23) (Seeexhibit 35.4)

 

35.21 Wells Fargo Bank,National Association, as Custodian under the WFCM 2018-C48 securitization,pursuant to which the following mortgage loans were serviced by such party:Sheraton Grand Nashville Downtown (from 1/1/23 to 12/31/23) (See exhibit 35.3)

 

35.22 Computershare TrustCompany, National Association, as Servicing Function Participant under the WFCM2018-C48 securitization, pursuant to which the following mortgage loans wereserviced by such party: Sheraton Grand Nashville Downtown (from 1/1/23 to12/31/23) (See exhibit 35.4)

 

(99.1)Mortgage Loan Purchase Agreement, dated March 1, 2019,between Morgan Stanley Capital I Inc. and Morgan Stanley Mortgage CapitalHoldings LLC (filed as Exhibit 99.1 to the registrant's Current Report on Form8-K filed on March 12, 2019 under SEC File No. 333-227446-02 and incorporatedby reference herein).

 

(99.2)Mortgage Loan Purchase Agreement, dated March 1, 2019,between Morgan Stanley Capital I Inc. and Argentic Real Estate Finance LLC(filed as Exhibit 99.2 to the registrant's Current Report on Form 8-K filed onMarch 12, 2019 under SEC File No. 333-227446-02 and incorporated by referenceherein).

 

(99.3) Mortgage Loan Purchase Agreement, dated March 1, 2019,between Morgan Stanley Capital I Inc. and Starwood Mortgage Capital LLC (filedas Exhibit 99.3 to the registrant's Current Report on Form 8-K filed on March12, 2019 under SEC File No. 333-227446-02 and incorporated by reference herein).

 

(99.4)Mortgage Loan Purchase Agreement, dated March 1, 2019,between Morgan Stanley Capital I Inc. and Cantor Commercial Real EstateLending, L.P. (filed as Exhibit 99.4 to the registrant's Current Report on Form8-K filed on March 12, 2019 under SEC File No. 333-227446-02 and incorporatedby reference herein).

 

(99.5)Mortgage Loan Purchase Agreement, dated March 1, 2019,between Morgan Stanley Capital I Inc., BSPRT CMBS Finance, LLC and BenefitStreet Partners Realty Trust, Inc. (filed as Exhibit 99.5 to the registrant'sCurrent Report on Form 8-K filed on March 12, 2019 under SEC File No.333-227446-02 and incorporated by reference herein).

 

(99.6)Agreement Between Note Holders, dated as of February 8,2019, by and between Morgan Stanley Bank, N.A., as initial note A-1 holder andMorgan Stanley Bank, N.A., as initial note A-2 holder, relating to the OneAT&T loan combination (filed as Exhibit 99.6 to the registrant's CurrentReport on Form 8-K filed on March 12, 2019 under SEC File No. 333-227446-02 andincorporated by reference herein).

 

(99.7)Intercreditor Agreement, dated as of February 1, 2019,by and between Morgan Stanley Bank, N.A., as note A holder, Sun Life AssuranceCompany of Canada, as note B-1 holder, and Sun Life Hong Kong Limited, as noteB-2 holder, relating to the Serenity Apartments loan combination (filed asExhibit 99.7 to the registrant's Current Report on Form 8-K filed on March 12,2019 under SEC File No. 333-227446-02 and incorporated by reference herein).

 

(99.8)Co-lender Agreement, dated as of February 6, 2019, byand among Cantor Commercial Real Estate Lending, L.P., as initial note A-1-Sholder, initial note A-1-C1 holder, initial note A-1-C2 holder, initial noteA-1-C3 holder, initial note A-1-C4 holder and initial note B-1-S holder, andKeyBank National Association, as initial note A-2-S holder, initial note A-2-C1holder and initial note B-2-S holder, relating to the Fairfax MultifamilyPortfolio loan combination (filed as Exhibit 99.8 to the registrant's CurrentReport on Form 8-K filed on March 12, 2019 under SEC File No. 333-227446-02 andincorporated by reference herein).

 

(99.9)Co-lender Agreement, dated as of March 12, 2019, by andbetween Cantor Commercial Real Estate Lending, L.P. as note A-1 holder, CantorCommercial Real Estate Lending, L.P. as note A-2 holder, Cantor Commercial RealEstate Lending, L.P. as note A-3 holder and Cantor Commercial Real EstateLending, L.P. as note A-4 holder, relating to the Stern Multifamily Portfolioloan combination (filed as Exhibit 99.9 to the registrant's Current Report onForm 8-K filed on March 12, 2019 under SEC File No. 333-227446-02 and incorporatedby reference herein).

 

(99.10) Co-lender Agreement, dated as of October 5, 2018, byand among Starwood Mortgage Capital LLC as initial note A-1 holder, StarwoodMortgage Capital LLC as initial note A-2 holder and Starwood Mortgage CapitalLLC as initial note A-3 holder, relating to the Fidelis Portfolio loancombination (filed as Exhibit 99.10 to the registrant's Current Report on Form8-K filed on March 12, 2019 under SEC File No. 333-227446-02 and incorporatedby reference herein).

 

(99.11)Agreement Between Note Holders, dated as of November 6,2018, by and between SPREF WH II LLC as initial note A-1 holder, initial noteA-2 holder, initial note A-3 holder, initial note A-4 holder, initial note A-5holder, initial note A-6 holder, initial note A-7 holder and initial note A-8holder, relating to the Sheraton Grand Nashville Downtown loan combination(filed as Exhibit 99.11 to the registrant's Current Report on Form 8-K filed onMarch 12, 2019 under SEC File No. 333-227446-02 and incorporated by referenceherein).

 

(99.12)Co-lender Agreement, dated as of November 26, 2018, byand between Starwood Mortgage Capital LLC as initial note A-1 holder andStarwood Mortgage Capital LLC, as initial note A-2 holder, relating to the 1001Frontier Road loan combination (filed as Exhibit 99.12 to the registrant'sCurrent Report on Form 8-K filed on March 12, 2019 under SEC File No.333-227446-02 and incorporated by reference herein).

 

(99.13)Agreement Between Note Holders, dated as of February 8,2019, by and between Morgan Stanley Bank, N.A., as initial note A-1-A holder,Morgan Stanley Bank, N.A., as initial note A-1-B holder and Morgan StanleyBank, N.A., as initial note A-2 holder, relating to the Residence Inn NationalPortfolio loan combination (filed as Exhibit 99.13 to the registrant's CurrentReport on Form 8-K filed on March 12, 2019 under SEC File No. 333-227446-02 andincorporated by reference herein).

 

(99.14)Primary Servicing Agreement, dated as of March 1, 2019,by and between Midland Loan Services, a Division of PNC Bank, NationalAssociation, as master servicer, and Berkeley Point Capital LLC d/b/a NewmarkKnight Frank, as primary servicer (filed as Exhibit 99.14 to the registrant'sCurrent Report on Form 8-K filed on March 12, 2019 under SEC File No.333-227446-02 and incorporated by reference herein).

 

(99.15)Second Amended and Restated Servicing Agreement,effective as of October 31, 2021, between Wells Fargo Bank, N.A., Wells FargoDelaware Trust Company, N.A., Computershare Trust Company, N.A., ComputershareDelaware Trust Company and Computershare Limited (filed as Exhibit 99.1 to theregistrant's Current Report on Form 8-K filed on November 5, 2021 under SECFile No. 333-227446-02 and incorporated by reference herein).

 

(b)See (a) above.

 

(c) NotApplicable.

 

**SIGNATURES**

 

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

 

MorganStanley Capital I Inc.

(Depositor)

 

By:/s/ Jane Lam

JaneLam, President

(seniorofficer in charge of securitization of the depositor)

 

Date: March 28, 2024