**UNITED STATESSECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 10-K**

(Mark One)

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

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

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

**For the transition period from _____ to _____Commission file number of the issuing entity: 333-172366-14**

**Central Index Key Number of the issuing entity:0001607641**

**Wells Fargo Commercial MortgageTrust 2014-LC16**

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

** **

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

**Wells Fargo Commercial MortgageSecurities, Inc.**

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

** **

**Central Index Key Number of the sponsor: 0000740906**

**Wells Fargo Bank, NationalAssociation**

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

** **

**Central Index Key Number of the sponsor: 0001541468**

**Ladder Capital Finance LLC**

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

** **

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

**NatWest Markets Plc**

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

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

** **

**Central Index Key Number of the sponsor: 0001541615**

**RBS Financial Products Inc.**

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

** **

**Central Index Key Number of the sponsor: 0001592182**

**LMF Commercial, LLC**

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

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

** **

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

**the issuing entity)** | **38-3926125**

**38-3926126**

**38-3926127**

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

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

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

**Wells Fargo Bank, National Association**

**as Certificate Administrator**

**9062 Old Annapolis Road**

**Columbia, MD**

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

**21045**

**(Zip Code)**

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

**(704) 374-6161**

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

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

 

 

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

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

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

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

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

Not applicable.

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

Large acceleratedfiler        o                                                                                                       Acceleratedfiler                                     o

Non-acceleratedfiler          ⌧                                                                                                     Smaller reportingcompany                    o

                                                                                                                                                       Emerging growthcompany                    o

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

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

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

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

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

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

Not applicable.

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

Not applicable.

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

Not applicable.

**DOCUMENTS INCORPORATED BY REFERENCE**

** **

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

Not applicable.

 

** **

**EXPLANATORY NOTES**

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the JL Holdings-Burger King Portfolio-90Mortgage Loan, which constituted approximately 2.3% of the asset pool of theissuing entity as of its cut-off date.  The JL Holdings-Burger KingPortfolio-90 Mortgage Loan is an asset of the issuing entity and is part of aloan combination that includes the JL Holdings-Burger King Portfolio-90Mortgage Loan, one other *pari passu* loan and one subordinate companionloan, which are not assets of the issuing entity. The other *pari passu*portion of the loan combination was securitized in the COMM 2014-LC15 MortgageTrust transaction, Commission File Number 333-193376-03 (the “COMM 2014-LC15Transaction”). This loan combination, including the JL Holdings-Burger KingPortfolio-90 Mortgage Loan, is being serviced and administered pursuant to thepooling and servicing agreement for the COMM 2014-LC15 Transaction, which isincorporated by reference as Exhibit 4.2 to this Annual Report on Form 10-K.

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the Woodbridge Center Mortgage Loan, whichconstituted approximately 12.3% of the asset pool of the issuing entity as of itscut-off date.  The Woodbridge Center Mortgage Loan is an asset of theissuing entity and is part of a loan combination that includes the WoodbridgeCenter Mortgage Loan and one other *pari passu* loan, which is not anasset of the issuing entity. The other *pari passu* portion of the loancombination was securitized in the WFRBS Commercial Mortgage Trust 2014-C20transaction, Commission File Number 333-172366-13 (the “WFRBS 2014-C20Transaction”). This loan combination, including the Woodbridge CenterMortgage Loan, is being serviced and administered pursuant to the pooling andservicing agreement for the WFRBS 2014-C20 Transaction, which is incorporatedby reference as Exhibit 4.3 to this Annual Report on Form 10-K.

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the Pacific Design Center Mortgage Loan, whichconstituted approximately 5.1% of the asset pool of the issuing entity as ofits cut-off date.  The Pacific Design Center Mortgage Loan is an asset ofthe issuing entity and is part of a loan combination that includes the PacificDesign Center Mortgage Loan and one other *pari passu* loan, which is notan asset of the issuing entity. This loan combination, including the PacificDesign Center Mortgage Loan, was serviced under the Pooling and ServicingAgreement for the issuing entity prior to the closing of the securitization ofthe other *pari passu* portion of the Pacific Design Center loancombination in the COMM 2014-CCRE18 Mortgage Trust transaction, Commission FileNumber 333-193376-07 (the “COMM 2014-CCRE18 Transaction”).  Afterthe closing of the COMM 2014-CCRE18 Transaction on June 27, 2014, this loancombination, including the Pacific Design Center Mortgage Loan was, and willcontinue to be, serviced and administered pursuant to the pooling and servicingagreement with respect to the COMM 2014-CCRE18 Transaction, which isincorporated by reference as Exhibit 4.4 to this Annual Report on Form 10-K.

The Exhibit Index describesexhibits provided by certain parties (in their capacities indicated on theExhibit Index) with respect to the Oak Court Mall Mortgage Loan, whichconstituted approximately 1.6% of the asset pool of the issuing entity as ofits cut-off date.  The Oak Court Mall Mortgage Loan is an asset of theissuing entity and is part of a loan combination that includes the Oak CourtMall Mortgage Loan and one other *pari passu* loan, which is not an assetof the issuing entity. This loan combination, including the Oak Court MallMortgage Loan, was serviced under the Pooling and Servicing Agreement for theissuing entity prior to the closing of the securitization of the other *paripassu* portion of the Oak Court Mall loan combination in the WFRBSCommercial Mortgage Trust 2014-C21 transaction, Commission File Number333-177891-08 (the “WFRBS 2014-C21 Transaction”).  After theclosing of the WFRBS 2014-C21 Transaction on August 12, 2014, this loancombination, including the Oak Court Mall Mortgage Loan was, and will continueto be, serviced and administered pursuant to the pooling and servicingagreement with respect to the WFRBS 2014-C21 Transaction, which is incorporatedby reference as Exhibit 4.5 to this Annual Report on Form 10-K.

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

Wells Fargo Bank, NationalAssociation is the master servicer and certificate administrator of themortgage loans serviced under the Pooling and Servicing Agreement and theprimary servicer of the Woodbridge Center Mortgage Loan, the JL Holdings-BurgerKing Portfolio-90 Mortgage Loan and the Oak Court Mall Mortgage Loan. As aresult, Wells Fargo Bank, National Association is a “servicer” as defined inItem 1108(a)(2)(iii) of Regulation AB, in the capacities described above,because it is servicing mortgage loans that constituted 10% or more of theassets of the issuing entity as of its cut-off date. The assessments ofcompliance with applicable servicing criteria, accountants’ attestation reportsand servicer compliance statements delivered by Wells Fargo Bank, NationalAssociation in the capacities described above are listed in the Exhibit Index.

Wells Fargo Bank, NationalAssociation is the custodian of the mortgage loans serviced under the Poolingand Servicing Agreement, the Woodbridge Center Mortgage Loan, the Pacific DesignCenter Mortgage Loan, the JL Holdings-Burger King Portfolio-90 Mortgage Loanand the Oak Court Mall Mortgage Loan.  As a result, Wells Fargo Bank,National Association is a servicing function participant in the capacitiesdescribed above, because it is servicing mortgage loans that constituted 5% ormore of the assets of the issuing entity as of its cut-off date. Theassessments of compliance with applicable servicing criteria and accountants’attestation reports delivered by Wells Fargo Bank, National Association in thecapacities described above are listed in the Exhibit Index.

Rialto Capital Advisors, LLC isthe special servicer of the Woodbridge Center Mortgage Loan, the Pacific DesignCenter Mortgage Loan and the JL Holdings-Burger King Portfolio-90 MortgageLoan. As a result, Rialto Capital Advisors, LLC is a “servicer” as defined inItem 1108(a)(2)(iii) of Regulation AB, in the capacities described above,because it is servicing mortgage loans that constituted 10% or more of theassets of the issuing entity as of its cut-off date. The assessments ofcompliance with applicable servicing criteria, accountants’ attestation reportsand servicer compliance statements delivered by Rialto Capital Advisors, LLC inthe capacities described above are listed in the Exhibit Index.

Park Bridge Lender Services LLC isthe operating advisor of the Pacific Design Center Mortgage Loan and the JLHoldings-Burger King Portfolio-90 Mortgage Loan.  As a result, Park BridgeLender Services LLC is a servicing function participant in the capacitiesdescribed above, because it is servicing mortgage loans that constituted 5% ormore of the assets of the issuing entity as of its cut-off date. Theassessments of compliance with applicable servicing criteria and accountants’attestation reports delivered by Park Bridge Lender Services LLC in thecapacities described above are listed in the Exhibit Index.

Wells Fargo Bank, NationalAssociation acts as trustee of the Pacific Design Center Mortgage Loan. Pursuant to the pooling and servicing agreement for the COMM 2014-CCRE18Transaction, the trustee is required to provide an assessment of compliancewith applicable servicing criteria solely with respect to Item 1122(d)(2)(iii)of Regulation AB (regarding advances of funds or guarantees regardingcollections, cash flows or distributions, and any interest or other feescharged for such advances, are made, reviewed and approved as specified in thetransaction agreements). However, during the reporting period, the trustee didnot perform any servicing function with respect to the servicing criteriaspecified in Item 1122(d)(2)(iii) of Regulation AB.  The master serviceror the special servicer, to the extent required, performed the servicingfunction identified with respect to Item 1122(d)(2)(iii) of Regulation AB, andeach such party included Item 1122(d)(2)(iii) of Regulation AB in theassessment of compliance with applicable servicing criteria and accountant’sattestation report for the subject transaction.  As a result, this AnnualReport on Form 10-K does not include an assessment of compliance withapplicable servicing criteria of the trustee. One or more other servicers ofthe Pacific Design Center Mortgage Loan have delivered one or more assessmentsof compliance with respect to Item 1122(d)(2)(iii) of Regulation AB.

Wilmington Trust, NationalAssociation acts as trustee of the mortgage loans serviced under the Poolingand Servicing Agreement, the Woodbridge Center Mortgage Loan and the Oak CourtMall Mortgage Loan.  Pursuant to the Pooling and Servicing Agreement, thepooling and servicing agreement for the WFRBS 2014-C20 Transaction and thepooling and servicing agreement for the WFRBS 2014-C21 Transaction, the trusteeis required to provide an assessment of compliance with applicable servicingcriteria solely with respect to Item 1122(d)(2)(iii) of Regulation AB(regarding advances of funds or guarantees regarding collections, cash flows ordistributions, and any interest or other fees charged for such advances, aremade, reviewed and approved as specified in the transaction agreements).However, during the reporting period, the trustee did not perform any servicingfunction with respect to the servicing criteria specified in Item1122(d)(2)(iii) of Regulation AB.  The master servicer or the specialservicer, to the extent required, performed the servicing function identifiedwith respect to Item 1122(d)(2)(iii) of Regulation AB, and each such partyincluded Item 1122(d)(2)(iii) of Regulation AB in the assessment of compliancewith applicable servicing criteria and accountant’s attestation report for thesubject transaction.  As a result, this Annual Report on Form 10-K doesnot include an assessment of compliance with applicable servicing criteria ofthe trustee. One or more other servicers of the mortgage loans serviced underthe Pooling and Servicing Agreement, the Woodbridge Center Mortgage Loan andthe Oak Court Mall Mortgage Loan have delivered one or more assessments ofcompliance with respect to Item 1122(d)(2)(iii) of Regulation AB.

U.S. Bank Trust Company, NationalAssociation acts as trustee of the JL Holdings-Burger King Portfolio-90Mortgage Loan.  Pursuant to the pooling and servicing agreement for theCOMM 2014-LC15 Transaction, the trustee is required to provide an assessment ofcompliance with applicable servicing criteria solely with respect to Item1122(d)(2)(iii) of Regulation AB (regarding advances of funds or guaranteesregarding collections, cash flows or distributions, and any interest or otherfees charged for such advances, are made, reviewed and approved as specified inthe transaction agreements). However, during the reporting period, the trusteedid not perform any servicing function with respect to the servicing criteriaspecified in Item 1122(d)(2)(iii) of Regulation AB.  The master serviceror the special servicer, to the extent required, performed the servicingfunction identified with respect to Item 1122(d)(2)(iii) of Regulation AB, andeach such party included Item 1122(d)(2)(iii) of Regulation AB in the assessmentof compliance with applicable servicing criteria and accountant’s attestationreport for the subject transaction.  As a result, this Annual Report onForm 10-K does not include an assessment of compliance with applicableservicing criteria of the trustee. One or more other servicers of the JLHoldings-Burger King Portfolio-90 Mortgage Loan have delivered one or moreassessments of compliance with respect to Item 1122(d)(2)(iii) of RegulationAB.

This Annual Report on Form 10-Kincludes assessments of compliance with applicable servicing criteria andaccountants’ attestation reports from CoreLogic Solutions, LLC.  Thisentity was engaged by the master servicer under the Pooling and ServicingAgreement and the primary servicer of the JL Holdings-Burger King Portfolio-90Mortgage Loan, the Woodbridge Center Mortgage Loan and the Oak Court MallMortgage Loan to remit tax payments received from the escrow accounts ofborrowers to local taxing authorities, to report tax amounts due, to verify taxparcel information, and to verify non-escrow tax payments. These servicingfunctions are included within the servicing criteria set forth in Items1122(d)(4)(xi) and 1122(d)(4)(xii) of Regulation AB.  Therefore, under theprinciples-based definition of “servicer” set forth in Item 1101(j) ofRegulation AB that looks to the functions that an entity performs, this vendoris a “servicer” for the purposes of Item 1122 of Regulation AB.  *See*Compliance and Disclosure Interpretations, Section 301.01 (Item 1101(j)).

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

Theassessments of compliance with applicable servicing criteria, accountants’attestation reports and servicer compliance statements of the certificateadministrator of the JL Holdings-Burger King Portfolio-90 Mortgage Loan, theWoodbridge Center Mortgage Loan, the Pacific Design Center Mortgage Loan andthe Oak Court Mall Mortgage Loan are omitted from this Annual Report on Form10-K as the certificate administrator pursuant to the related pooling andservicing agreement or trust and servicing agreement does not perform anyactivities that address servicing criteria with respect to the issuing entityand because they are each not a “servicer” that meets the criteria in Item1108(a)(2)(i) through (iii) of Regulation AB.

With respect to the *pari passu*loan combinations that include the Pacific Design Center Mortgage Loan and theOak Court Mall Mortgage Loan, (i) the reports on assessment of compliance withservicing criteria and attestation reports on assessment of compliance withservicing criteria of Greystone Servicing Company LLC as special servicer ofthe Oak Court Mall Mortgage Loan and BellOak, LLC as trust advisor of the OakCourt Mall Mortgage Loan listed on the Exhibit Index are omitted from thisAnnual Report on Form 10-K as they are not required to be included on thisAnnual Report on Form 10-K per Instruction 3 to Item 1122 of Regulation ABbecause they are parties performing activities that address servicing criteriarelating to 5% or less of the assets of the issuing entity; and (ii) theservicer compliance statements of KeyBank National Association as primaryservicer of the Pacific Design Center Mortgage Loan and Greystone ServicingCompany LLC as special servicer of the Oak Court Mall Mortgage Loan listed onthe Exhibit Index are omitted from this Annual Report on Form 10-K as they arenot required by Item 1123 of Regulation AB to be included on this Annual Reporton Form 10-K because they are each an unaffiliated party that is not a“servicer” that meets the criteria in Item 1108(a)(2)(i) through (iii) ofRegulation AB.

**PART I**

**Item 1.  Business.**

Omitted.

**Item 1A.  Risk Factors.**

Omitted.

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

None.

**Item 1C.  Cybersecurity.**

Omitted.

**Item 2.  Properties.**

Omitted.

**Item 3.  Legal Proceedings.**

Omitted.

**Item 4.  Mine Safety Disclosures.**

Not applicable.

**PART II**

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

Omitted.

**Item 6. **

[Reserved]

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

Omitted.

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

Omitted.

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

Omitted.

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

Omitted.

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

Omitted.

**Item 9B.  Other Information.**

None.

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

None.

**PART III**

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

Omitted.

**Item 11.  Executive Compensation.**

Omitted.

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

Omitted.

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

Omitted.

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

Omitted.

**ADDITIONAL DISCLOSURE ITEMS FOR REGULATION AB**

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

The Woodbridge Center MortgageLoan (Mortgage Loan Number 1 on Annex A-1 of the prospectus supplement of theregistrant relating to the issuing entity filed on June 11, 2014 pursuant toRule 424(b)(5)) constitutes a significant obligor within the meaning of Item1101(k)(2) of Regulation AB as disclosed in the prospectus supplement. Inaccordance with Item 1112(b) of Regulation AB, the most recent unaudited netoperating income of the significant obligor was $3,829,229.00 for thetwelve-month period ended December 31, 2023.

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

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

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

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

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

The registrant knows of no material pending legal proceedinginvolving the trust or any party related to the trust, other than routinelitigation incidental to the duties of those respective parties, and the following,with respect to Wells Fargo Bank, National Association, as trustee, certificateadministrator and custodian, and U.S. Bank Trust Company, National Association,as trustee. 

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

U.S. Bank National Association (“U.S.Bank”) and other large financial institutions have been sued in their capacityas trustee or successor trustee for certain residential mortgage backedsecurities ("RMBS") trusts.  The complaints, primarily filed byinvestors or investor groups against U.S. Bank and similar institutions, allegethe trustees caused losses to investors as a result of alleged failures by thesponsors, mortgage loan sellers and servicers to comply with the governingagreements for these RMBS trusts.  Plaintiffs generally assert causes ofaction based upon the trustees’ purported failures to enforce repurchaseobligations of mortgage loan sellers for alleged breaches of representationsand warranties, notify securityholders of purported events of default allegedlycaused by breaches of servicing standards by mortgage loan servicers and abideby a heightened standard of care following alleged events of default.  

U.S. Bank denies liability and believes that it has performedits obligations under the RMBS trusts in good faith, that its actions were notthe cause of losses to investors, that it has meritorious defenses, and it hascontested and intends to continue contesting the plaintiffs’ claimsvigorously.  However, U.S. Bank cannot assure you as to the outcome of anyof the litigation, or the possible impact of these litigations on the trustee orthe RMBS trusts.  

On March 9, 2018, a law firm purporting to represent fifteenDelaware statutory trusts (the “DSTs”) that issued securities backed by studentloans (the “Student Loans”) filed a lawsuit in the Delaware Court of Chanceryagainst U.S. Bank National Association (“U.S. Bank”) in its capacities asindenture trustee and successor special servicer, and three other institutionsin their respective transaction capacities, with respect to the DSTs and theStudent Loans.  This lawsuit is captioned The National Collegiate StudentLoan Master Trust I, et al. v. U.S. Bank National Association, et al., C.A. No.2018-0167-JRS (Del. Ch.) (the “NCMSLT Action”).  The complaint, as amendedon June 15, 2018, alleged that the DSTs have been harmed as a result ofpurported misconduct or omissions by the defendants concerning administrationof the trusts and special servicing of the Student Loans.  Since thefiling of the NCMSLT Action, certain Student Loan borrowers have madeassertions against U.S. Bank concerning special servicing that appear to bebased on certain allegations made on behalf of the DSTs in the NCMSLT Action.

U.S. Bank has filed a motion seeking dismissal of theoperative complaint in its entirety with prejudice pursuant to Chancery CourtRules 12(b)(1) and 12(b)(6) or, in the alternative, a stay of the case whileother prior filed disputes involving the DSTs and the Student Loans arelitigated.  On November 7, 2018, the Court ruled that the case should bestayed in its entirety pending resolution of the first-filed cases.  OnJanuary 21, 2020, the Court entered an order consolidating for pretrialpurposes the NCMSLT Action and three other lawsuits pending in the DelawareCourt of Chancery concerning the DSTs and the Student Loans, which remains pending. 

U.S. Bank denies liability in the NCMSLT Action and believesit has performed its obligations as indenture trustee and special servicer ingood faith and in compliance in all material respects with the terms of theagreements governing the DSTs and that it has meritorious defenses.  Ithas contested and intends to continue contesting the plaintiffs’ claimsvigorously.  

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

The information regarding this Item has been previouslyprovided in a prospectus supplement of the Registrant relating to the issuingentity filed on June 11, 2014 pursuant to Rule 424(b)(5).

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

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

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the JL Holdings-Burger King Portfolio-90Mortgage Loan, which is being serviced and administered pursuant to the poolingand servicing agreement for the COMM 2014-LC15 Transaction, are attached heretounder Item 15 to this Annual Report on Form 10-K. Attached as Schedule II tothe pooling and servicing agreement for the COMM 2014-LC15 Transactionincorporated by reference as Exhibit 4.2 to this Annual Report on Form 10-K isa chart identifying the entities participating in a servicing function for theCOMM 2014-LC15 Transaction responsible for each applicable servicing criteriaset forth in Item 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the Woodbridge Center Mortgage Loan,which is being serviced and administered pursuant to the pooling and servicingagreement for the WFRBS 2014-C20 Transaction, are attached hereto under Item 15to this Annual Report on Form 10-K. Attached as Schedule III to the pooling andservicing agreement for the WFRBS 2014-C20 Transaction incorporated byreference as Exhibit 4.3 to this Annual Report on Form 10-K is a chartidentifying the entities participating in a servicing function for the WFRBS2014-C20 Transaction responsible for each applicable servicing criteria setforth in Item 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the Pacific Design Center MortgageLoan, which is being serviced and administered pursuant to the pooling andservicing agreement for the COMM 2014-CCRE18 Transaction, are attached heretounder Item 15 to this Annual Report on Form 10-K. Attached as Schedule II tothe pooling and servicing agreement for the COMM 2014-CCRE18 Transactionincorporated by reference as Exhibit 4.4 to this Annual Report on Form 10-K isa chart identifying the entities participating in a servicing function for theCOMM 2014-CCRE18 Transaction responsible for each applicable servicing criteriaset forth in Item 1122(d).

The reports on assessments of compliance with the servicingcriteria for asset-backed securities and related attestation reports on suchassessments of compliance with respect to the Oak Court Mall Mortgage Loan,which is being serviced and administered pursuant to the pooling and servicingagreement for the WFRBS 2014-C21 Transaction, are attached hereto under Item 15to this Annual Report on Form 10-K. Attached as Schedule III to the pooling andservicing agreement for the WFRBS 2014-C21 Transaction incorporated byreference as Exhibit 4.5 to this Annual Report on Form 10-K is a chartidentifying the entities participating in a servicing function for the WFRBS2014-C21 Transaction responsible for each applicable servicing criteria setforth in Item 1122(d).

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

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

**PART IV**

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

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

(1) Not applicable

(2) Not applicable

(3) See below

4.1          Poolingand Servicing Agreement, dated as of June 1, 2014, by and among Wells FargoCommercial Mortgage Securities, Inc., as Depositor, Wells Fargo Bank, NationalAssociation, as Master Servicer, LNR Partners, LLC, as Special Servicer, SitusHoldings, LLC, as Trust Advisor, Wells Fargo Bank, National Association, asCertificate Administrator, as Tax Administrator and as Custodian, andWilmington Trust, National Association, as Trustee (filed as Exhibit 4.1 to theregistrant’s Current Report on Form 8-K/A filed on June 26, 2014 underCommission File No. 333-172366-14 and incorporated by reference herein).

4.2          Poolingand Servicing Agreement, dated as of March 1, 2014, by and among DeutscheMortgage & Asset Receiving Corporation, as Depositor, Wells Fargo Bank,National Association, as Master Servicer, Rialto Capital Advisors, LLC, asSpecial Servicer, U.S. Bank National Association, as Trustee, Wells Fargo Bank,National Association, as Certificate Administrator, Paying Agent and Custodian,and Situs Holdings, LLC, as Operating Advisor (filed as Exhibit 99.7 to theregistrant’s Current Report on Form 8-K filed on June 11, 2014 under CommissionFile No. 333-172366-14 and incorporated by reference herein).

4.3          Poolingand Servicing Agreement, dated as of May 1, 2014, by and among Wells FargoCommercial Mortgage Securities, Inc., as Depositor, Wells Fargo Bank, NationalAssociation, as General Master Servicer, Rialto Capital Advisors, LLC, asGeneral Special Servicer, NCB, FSB, as NCB Master Servicer, NCB, FSB, as Co-opSpecial Servicer, Pentalpha Surveillance LLC, as Trust Advisor, Wells FargoBank, National Association, as Certificate Administrator, as Tax Administratorand as Custodian, and Wilmington Trust, National Association, as Trustee (filedas Exhibit 99.6 to the registrant’s Current Report on Form 8-K filed on June11, 2014 under Commission File No. 333-172366-14 and incorporated by referenceherein).

4.4          Poolingand Servicing Agreement, dated as of June 1, 2014, by and among DeutscheMortgage & Asset Receiving Corporation, as Depositor, KeyBank NationalAssociation, as Master Servicer, Rialto Capital Advisors, LLC, as SpecialServicer, Wells Fargo Bank, National Association, as Trustee, CertificateAdministrator, Paying Agent and Custodian, and Situs Holdings, LLC, asOperating Advisor (filed as Exhibit 99.8 to the registrant’s Current Report onForm 8-K/A filed on July 3, 2014 under Commission File No. 333-172366-14 andincorporated by reference herein).

4.5          Poolingand Servicing Agreement, dated as of August 1, 2014, by and among RBSCommercial Funding Inc., as Depositor, Wells Fargo Bank, National Association,as General Master Servicer, CWCapital Asset Management LLC, as General SpecialServicer, NCB, FSB, as NCB Master Servicer, NCB, FSB, as Co-op SpecialServicer, TriMont Real Estate Advisors, Inc., as Trust Advisor, Wells FargoBank, National Association, as Certificate Administrator, as Tax Administratorand as Custodian, and Wilmington Trust, National Association, as Trustee (filedas Exhibit 99.9 to the registrant’s Current Report on Form 8-K/A filed onDecember 16, 2014 under Commission File No. 333-172366-14 and incorporated byreference herein).

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

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

33.1        Wells Fargo Bank, National Association, as MasterServicer

33.2        LNR Partners, LLC, as Special Servicer

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

33.4        Wells Fargo Bank, National Association, asCertificate Administrator

33.5        Wells Fargo Bank, National Association, asCustodian

33.6        Situs Holdings, LLC, as Trust Advisor

33.7        CoreLogic Solutions, LLC, as Servicing FunctionParticipant

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

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

33.10      Wells Fargo Bank, National Association, as PrimaryServicer of the JL Holdings-Burger King Portfolio-90 Mortgage Loan (see Exhibit33.1)

33.11      Rialto Capital Advisors, LLC, as Special Servicerof the JL Holdings-Burger King Portfolio-90 Mortgage Loan

33.12      U.S. Bank Trust Company, National Association, as Trustee of the JLHoldings-Burger King Portfolio-90 Mortgage Loan (Omitted. See ExplanatoryNotes.)

33.13      Wells Fargo Bank, National Association, asCustodian of the JL Holdings-Burger King Portfolio-90 Mortgage Loan (see Exhibit33.5)

33.14      Park Bridge Lender Services LLC, as OperatingAdvisor of the JL Holdings-Burger King Portfolio-90 Mortgage Loan

33.15      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the JL Holdings-Burger King Portfolio-90 Mortgage Loan (seeExhibit 33.7)

33.16      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 33.9)

33.17      Wells Fargo Bank, National Association, as PrimaryServicer of the Woodbridge Center Mortgage Loan (see Exhibit 33.1)

33.18      Rialto Capital Advisors, LLC, as Special Servicerof the Woodbridge Center Mortgage Loan (see Exhibit 33.11)

33.19      Wilmington Trust, National Association, as Trustee of the Woodbridge CenterMortgage Loan (Omitted. See Explanatory Notes.)

33.20      Wells Fargo Bank, National Association, asCustodian of the Woodbridge Center Mortgage Loan (see Exhibit 33.5)

33.21      Pentalpha Surveillance LLC, as Trust Advisor ofthe Woodbridge Center Mortgage Loan

33.22      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the Woodbridge Center Mortgage Loan (see Exhibit 33.7)

33.23      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 33.9)

33.24      KeyBank National Association, as Primary Servicerof the Pacific Design Center Mortgage Loan

33.25      Rialto Capital Advisors, LLC, as Special Servicerof the Pacific Design Center Mortgage Loan (see Exhibit 33.11)

33.26      Wells Fargo Bank, National Association, as Trustee of the Pacific Design CenterMortgage Loan (Omitted. See Explanatory Notes.)

33.27      Wells Fargo Bank, National Association, asCustodian of the Pacific Design Center Mortgage Loan (see Exhibit 33.5)

33.28      Park Bridge Lender Services LLC, as OperatingAdvisor of the Pacific Design Center Mortgage Loan (see Exhibit 33.14)

33.29      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 33.9)

33.30      Wells Fargo Bank, National Association, as PrimaryServicer of the Oak Court Mall Mortgage Loan (see Exhibit 33.1)

33.31      Greystone Servicing Company LLC, as Special Servicer of the Oak Court MallMortgage Loan (Omitted. See Explanatory Notes.)

33.32      Wilmington Trust, National Association, as Trustee of the Oak Court MallMortgage Loan (Omitted. See Explanatory Notes.)

33.33      Wells Fargo Bank, National Association, asCustodian of the Oak Court Mall Mortgage Loan (see Exhibit 33.5)

33.34      BellOak, LLC, as Trust Advisor of the Oak Court Mall Mortgage Loan (Omitted.See Explanatory Notes.)

33.35      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the Oak Court Mall Mortgage Loan (see Exhibit 33.7)

33.36      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 33.9)

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

34.1        Wells Fargo Bank, National Association, as MasterServicer

34.2        LNR Partners, LLC, as Special Servicer

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

34.4        Wells Fargo Bank, National Association, asCertificate Administrator

34.5        Wells Fargo Bank, National Association, asCustodian

34.6        Situs Holdings, LLC, as Trust Advisor

34.7        CoreLogic Solutions, LLC, as Servicing FunctionParticipant

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

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

34.10      Wells Fargo Bank, National Association, as PrimaryServicer of the JL Holdings-Burger King Portfolio-90 Mortgage Loan (see Exhibit34.1)

34.11      Rialto Capital Advisors, LLC, as Special Servicerof the JL Holdings-Burger King Portfolio-90 Mortgage Loan

34.12      U.S. Bank Trust Company, National Association, as Trustee of the JLHoldings-Burger King Portfolio-90 Mortgage Loan (Omitted. See ExplanatoryNotes.)

34.13      Wells Fargo Bank, National Association, asCustodian of the JL Holdings-Burger King Portfolio-90 Mortgage Loan (seeExhibit 34.5)

34.14      Park Bridge Lender Services LLC, as OperatingAdvisor of the JL Holdings-Burger King Portfolio-90 Mortgage Loan

34.15      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the JL Holdings-Burger King Portfolio-90 Mortgage Loan (seeExhibit 34.7)

34.16      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 34.9)

34.17      Wells Fargo Bank, National Association, as PrimaryServicer of the Woodbridge Center Mortgage Loan (see Exhibit 34.1)

34.18      Rialto Capital Advisors, LLC, as Special Servicerof the Woodbridge Center Mortgage Loan (see Exhibit 34.11)

34.19      Wilmington Trust, National Association, as Trustee of the Woodbridge CenterMortgage Loan (Omitted. See Explanatory Notes.)

34.20      Wells Fargo Bank, National Association, asCustodian of the Woodbridge Center Mortgage Loan (see Exhibit 34.5)

34.21      Pentalpha Surveillance LLC, as Trust Advisor ofthe Woodbridge Center Mortgage Loan

34.22      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the Woodbridge Center Mortgage Loan (see Exhibit 34.7)

34.23      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 34.9)

34.24      KeyBank National Association, as Primary Servicerof the Pacific Design Center Mortgage Loan

34.25      Rialto Capital Advisors, LLC, as Special Servicerof the Pacific Design Center Mortgage Loan (see Exhibit 34.11)

34.26      Wells Fargo Bank, National Association, as Trustee of the Pacific Design CenterMortgage Loan (Omitted. See Explanatory Notes.)

34.27      Wells Fargo Bank, National Association, asCustodian of the Pacific Design Center Mortgage Loan (see Exhibit 34.5)

34.28      Park Bridge Lender Services LLC, as OperatingAdvisor of the Pacific Design Center Mortgage Loan (see Exhibit 34.14)

34.29      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 34.9)

34.30      Wells Fargo Bank, National Association, as PrimaryServicer of the Oak Court Mall Mortgage Loan (see Exhibit 34.1)

34.31      Greystone Servicing Company LLC, as Special Servicer of the Oak Court MallMortgage Loan (Omitted. See Explanatory Notes.)

34.32      Wilmington Trust, National Association, as Trustee of the Oak Court MallMortgage Loan (Omitted. See Explanatory Notes.)

34.33      Wells Fargo Bank, National Association, asCustodian of the Oak Court Mall Mortgage Loan (see Exhibit 34.5)

34.34      BellOak, LLC, as Trust Advisor of the Oak Court Mall Mortgage Loan (Omitted.See Explanatory Notes.)

34.35      CoreLogic Solutions, LLC, as Servicing FunctionParticipant of the Oak Court Mall Mortgage Loan (see Exhibit 34.7)

34.36      Computershare Trust Company, National Association,as Servicing Function Participant for the Custodian (see Exhibit 34.9)

35           Servicer compliance statements.

35.1        Wells Fargo Bank, National Association, as MasterServicer

35.2        LNR Partners, LLC, as Special Servicer

35.3        Wells Fargo Bank, National Association, asCertificate Administrator

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

35.5        Wells Fargo Bank, National Association, as PrimaryServicer of the JL Holdings-Burger King Portfolio-90 Mortgage Loan (see Exhibit35.1)

35.6        Rialto Capital Advisors, LLC, as Special Servicerof the JL Holdings-Burger King Portfolio-90 Mortgage Loan

35.7        Wells Fargo Bank, National Association, as PrimaryServicer of the Woodbridge Center Mortgage Loan (see Exhibit 35.1)

35.8        Rialto Capital Advisors, LLC, as Special Servicerof the Woodbridge Center Mortgage Loan (see Exhibit 35.6)

35.9        KeyBank National Association, as Primary Servicer of the Pacific Design CenterMortgage Loan (Omitted. See Explanatory Notes.) 

35.10      Rialto Capital Advisors, LLC, as Special Servicerof the Pacific Design Center Mortgage Loan (see Exhibit 35.6)

35.11      Wells Fargo Bank, National Association, as PrimaryServicer of the Oak Court Mall Mortgage Loan (see Exhibit 35.1)

35.12      Greystone Servicing Company LLC, as Special Servicer of the Oak Court Mall MortgageLoan (Omitted. See Explanatory Notes.)

99.1        MortgageLoan Purchase Agreement, dated as of May 21, 2014, between Wells FargoCommercial Mortgage Securities, Inc. and Wells Fargo Bank, National Association(filed as Exhibit 99.2 to the registrant’s Current Report on Form 8-K/A filedon June 26, 2014 under Commission File No. 333-172366-14 and incorporated byreference herein)

99.2        MortgageLoan Purchase Agreement, dated as of May 21, 2014, among Wells Fargo CommercialMortgage Securities, Inc., Ladder Capital Finance LLC and Ladder CapitalFinance Holdings LLLP (filed as Exhibit 99.1 to the registrant’s Current Reporton Form 8-K/A filed on June 26, 2014 under Commission File No. 333-172366-14and incorporated by reference herein)

99.3        MortgageLoan Purchase Agreement, dated as of May 21, 2014, between Wells FargoCommercial Mortgage Securities, Inc. and The Royal Bank of Scotland plc (filedas Exhibit 99.3 to the registrant’s Current Report on Form 8-K/A filed on June26, 2014 under Commission File No. 333-172366-14 and incorporated by referenceherein)

99.4        MortgageLoan Purchase Agreement, dated as of May 21, 2014, between Wells FargoCommercial Mortgage Securities, Inc. and RBS Financial Products Inc. (filed asExhibit 99.4 to the registrant’s Current Report on Form 8-K/A filed on June 26,2014 under Commission File No. 333-172366-14 and incorporated by referenceherein)

99.5        MortgageLoan Purchase Agreement, dated as of May 21, 2014, between Wells FargoCommercial Mortgage Securities, Inc. and Rialto Mortgage Finance, LLC (filed asExhibit 99.5 to the registrant’s Current Report on Form 8-K/A filed on June 26,2014 under Commission File No. 333-172366-14 and incorporated by referenceherein)

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

(c)    Not Applicable.

 

**SIGNATURES**

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

Wells Fargo Commercial MortgageSecurities, Inc.(Depositor)

/s/ Anthony Sfarra

AnthonySfarra, President

(senior officer in charge ofsecuritization of the depositor)

Date: March 19, 2024