EDGAR 10-K Filing

Company CIK: 1950141
Filing Year: 2024
Filename: 1950141_10-K_2024_0001888524-24-005332.json

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ITEM 1. BUSINESS
Item 1.
Business.
Omitted.

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ITEM 1A. RISK FACTORS
Item 1A.
Risk Factors.
Omitted.

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ITEM 1B. UNRESOLVED STAFF COMMENTS
Item 1B.
Unresolved Staff Comments.
None.

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ITEM 2. PROPERTIES
Item 2.
Properties.
Omitted.

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ITEM 3. LEGAL PROCEEDINGS
Item 3.
Legal Proceedings.
Omitted.

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ITEM 4. MINE SAFETY DISCLOSURE
Item 4.
Mine Safety Disclosures.
Omitted.
PART II

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ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY
Item 5.
Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Omitted.

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ITEM 6. SELECTED FINANCIAL DATA
Item 6.
[Reserved]

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ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS
Item 7.
Management's Discussion and Analysis of Financial Condition and Results of Operations.
Omitted.

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ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
Item 7A.
Quantitative and Qualitative Disclosures About Market Risk.
Omitted.

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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Item 8.
Financial Statements and Supplementary Data.
Omitted.

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ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS
Item 9.
Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.
Omitted.

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ITEM 9A. CONTROLS AND PROCEDURES
Item 9A.
Controls and Procedures.
Omitted.

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ITEM 9B. OTHER INFORMATION
Item 9B.
Other Information.
None.

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ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
Item 10.
Directors, Executive Officers and Corporate Governance.
Omitted.

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ITEM 11. EXECUTIVE COMPENSATION
Item 11.
Executive Compensation.
Omitted.

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ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
Item 12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.
Omitted.

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ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
Item 13.
Certain Relationships and Related Transactions, and Director Independence.
Omitted.

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ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES
Item 14.
Principal Accountant Fees and Services.
Omitted.
ADDITIONAL DISCLOSURE ITEMS FOR REGULATION AB
Item 1112(b) of Regulation AB, Significant Obligor Financial Information.
Not applicable.
Item 1114(b)(2) of Regulation AB, Significant Enhancement Provider Financial Information.
No entity or group of affiliated entities provides any enhancement or other support for the certificates as described under Item 1114 (a) of Regulation AB.
Item 1115(b) of Regulation AB, Certain Derivatives Instruments (Financial Information).
No entity or group of affiliated entities provides any derivative instruments for the certificates as described under Item 1115 of Regulation AB.
Item 1117 of Regulation AB, Legal Proceedings.
The registrant knows of no legal proceeding pending against the sponsors, depositor, trustee, issuing entity, servicer contemplated by Item 1108(a)(3) of Regulation AB, originator contemplated by Item 1110(b) of Regulation AB, or other party contemplated by Item 1100(d)(1) of Regulation AB, or of which any property of the foregoing is the subject, that is material to security holders.
Item 1119 of Regulation AB, Affiliations and Certain Relationships and Related Transactions.
The information regarding this Item has been provided previously in an annual report on Form 10-K of the issuing entity or in the prospectus of the issuing entity filed in a 424(b)(2) filing dated November 22, 2022.
Item 1122 of Regulation AB, Compliance with Applicable Servicing Criteria.
The reports on assessment of compliance with the servicing criteria for asset-backed securities and the related attestation reports on such assessments of compliance are attached hereto under Item 15.
Item 1123 of Regulation AB, Servicer Compliance Statement.
The servicer compliance statements are attached hereto under Item 15.
PART IV

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ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES
Item 15. Exhibits, Financial Statement Schedules.
(a) Exhibits.
(4.1) Pooling and Servicing Agreement, dated as of November 1, 2022, between Morgan Stanley Capital I Inc., as depositor, Wells Fargo Bank, National Association, as general master servicer, KeyBank National Association, as general special servicer, National Cooperative Bank, N.A., as NCB master servicer and as NCB special servicer, Computershare Trust Company, National Association, as certificate administrator, Wilmington Trust, National Association, as trustee, and Park Bridge Lender Services 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 on January 19, 2023 under SEC File No. 333-259741-04 and incorporated by reference herein).
(4.2) Pooling and Servicing Agreement, dated as of April 1, 2022, between Morgan Stanley Capital I Inc., as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer, LNR Partners, LLC, as special servicer, Computershare Trust Company, National Association, as certificate administrator, Wilmington Trust, National Association, as trustee, and Park Bridge Lender Services LLC, as operating advisor and asset representations reviewer, relating to the MSC 2022-L8 securitization transaction, pursuant to which the Constitution Center Mortgage Loan is serviced (filed as Exhibit 4.2 to the registrant's Current Report on Form 8-K/A filed on January 19, 2023 under SEC File No. 333-259741-04 and incorporated by reference herein).
(4.3) Pooling and Servicing Agreement, dated as of August 1, 2022, between J.P. Morgan Chase Commercial Mortgage Securities Corp., as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer, Midland Loan Services, a Division of PNC Bank, National Association, as special servicer, Computershare Trust Company, National Association, as certificate administrator, Wilmington Trust, National Association, as trustee, and Park Bridge Lender Services LLC, as operating advisor and as asset representations reviewer, relating to the Benchmark 2022-B36 securitization transaction, pursuant to which the One Campus Martius Mortgage Loan is serviced (filed as Exhibit 4.3 to the registrant's Current Report on Form 8-K filed on November 22, 2022 under SEC File No. 333-259741-04 and incorporated by reference herein).
(4.4) Pooling and Servicing Agreement, dated as of August 1, 2022, between Wells Fargo Commercial Mortgage Securities, Inc., as depositor, Wells Fargo Bank, National Association, as general master servicer, Greystone Servicing Company LLC, as general special servicer, National Cooperative Bank, N.A., as NCB master servicer and as NCB special servicer, Computershare Trust Company, N.A., as certificate administrator, Wilmington Trust, National Association, as trustee, and Pentalpha Surveillance LLC, as operating advisor and as asset representations reviewer, relating to the BANK 2022-BNK43 securitization transaction, pursuant to which the High Street Mortgage Loan is serviced (filed as Exhibit 4.4 to the registrant's Current Report on Form 8-K filed on November 22, 2022 under SEC File No. 333-259741-04 and incorporated by reference herein).
(31) Rule 13a-14(d)/15d-14(d) Certification.
(33) Reports on assessment of compliance with servicing criteria for asset-backed securities.
33.1 Computershare Trust Company, National Association, as Certificate Administrator
33.2 Computershare Trust Company, National Association, as Custodian
33.3 Wells Fargo Bank, National Association, as Master Servicer
33.4 National Cooperative Bank, N.A., as NCB Master Servicer
33.5 KeyBank National Association, as Special Servicer
33.6 National Cooperative Bank, N.A., as NCB Special Servicer (see Exhibit 33.4)
33.7 Park Bridge Lender Services LLC, as Operating Advisor
33.8 CoreLogic Solutions, LLC, as Servicing Function Participant
33.9 Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer under the MSC 2022-L8 securitization, pursuant to which the following mortgage loans were serviced by such party: Constitution Center (from 1/1/23 to 12/31/23)
33.10 Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer under the Benchmark 2022-B36 securitization, pursuant to which the following mortgage loans were serviced by such party: One Campus Martius (from 1/1/23 to 12/31/23) (see Exhibit 33.9)
33.11 Wells Fargo Bank, National Association, as Master Servicer under the BANK 2022-BNK43 securitization, pursuant to which the following mortgage loans were serviced by such party: High Street (from 1/1/23 to 12/31/23) (see Exhibit 33.3)
33.12 CoreLogic Solutions, LLC, as Servicing Function Participant under the BANK 2022-BNK43 securitization, pursuant to which the following mortgage loans were serviced by such party: High Street (from 1/1/23 to 12/31/23) (see Exhibit 33.8)
33.13 LNR Partners, LLC, as Special Servicer under the MSC 2022-L8 securitization, pursuant to which the following mortgage loans were serviced by such party: Constitution Center (from 1/1/23 to 12/31/23)
33.14 Computershare Trust Company, National Association, as Custodian under the MSC 2022-L8 securitization, pursuant to which the following mortgage loans were serviced by such party: Constitution Center (from 1/1/23 to 12/31/23) (see Exhibit 33.2)
33.15 Computershare Trust Company, National Association, as Custodian under the Benchmark 2022-B36 securitization, pursuant to which the following mortgage loans were serviced by such party: One Campus Martius (from 1/1/23 to 12/31/23) (see Exhibit 33.2)
33.16 Computershare Trust Company, National Association, as Custodian under the BANK 2022-BNK43 securitization, pursuant to which the following mortgage loans were serviced by such party: High Street (from 1/1/23 to 12/31/23) (see Exhibit 33.2)
(34). Attestation reports on assessment of compliance with servicing criteria for asset-backed securities.
34.1 Computershare Trust Company, National Association, as Certificate Administrator
34.2 Computershare Trust Company, National Association, as Custodian
34.3 Wells Fargo Bank, National Association, as Master Servicer
34.4 National Cooperative Bank, N.A., as NCB Master Servicer
34.5 KeyBank National Association, as Special Servicer
34.6 National Cooperative Bank, N.A., as NCB Special Servicer (see Exhibit 34.4)
34.7 Park Bridge Lender Services LLC, as Operating Advisor
34.8 CoreLogic Solutions, LLC, as Servicing Function Participant
34.9 Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer under the MSC 2022-L8 securitization, pursuant to which the following mortgage loans were serviced by such party: Constitution Center (from 1/1/23 to 12/31/23)
34.10 Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer under the Benchmark 2022-B36 securitization, pursuant to which the following mortgage loans were serviced by such party: One Campus Martius (from 1/1/23 to 12/31/23) (see Exhibit 34.9)
34.11 Wells Fargo Bank, National Association, as Master Servicer under the BANK 2022-BNK43 securitization, pursuant to which the following mortgage loans were serviced by such party: High Street (from 1/1/23 to 12/31/23) (see Exhibit 34.3)
34.12 CoreLogic Solutions, LLC, as Servicing Function Participant under the BANK 2022-BNK43 securitization, pursuant to which the following mortgage loans were serviced by such party: High Street (from 1/1/23 to 12/31/23) (see Exhibit 34.8)
34.13 LNR Partners, LLC, as Special Servicer under the MSC 2022-L8 securitization, pursuant to which the following mortgage loans were serviced by such party: Constitution Center (from 1/1/23 to 12/31/23)
34.14 Computershare Trust Company, National Association, as Custodian under the MSC 2022-L8 securitization, pursuant to which the following mortgage loans were serviced by such party: Constitution Center (from 1/1/23 to 12/31/23) (see Exhibit 34.2)
34.15 Computershare Trust Company, National Association, as Custodian under the Benchmark 2022-B36 securitization, pursuant to which the following mortgage loans were serviced by such party: One Campus Martius (from 1/1/23 to 12/31/23) (see Exhibit 34.2)
34.16 Computershare Trust Company, National Association, as Custodian under the BANK 2022-BNK43 securitization, pursuant to which the following mortgage loans were serviced by such party: High Street (from 1/1/23 to 12/31/23) (see Exhibit 34.2)
(35). Servicer compliance statement.
35.1 Computershare Trust Company, National Association, as Certificate Administrator
35.2 Computershare Trust Company, National Association, as Custodian
35.3 Wells Fargo Bank, National Association, as Master Servicer
35.4 National Cooperative Bank, N.A., as NCB Master Servicer
35.5 KeyBank National Association, as Special Servicer
35.6 National Cooperative Bank, N.A., as NCB Special Servicer (see Exhibit 35.4)
35.7 Wells Fargo Bank, National Association, as Master Servicer under the BANK 2022-BNK43 securitization, pursuant to which the following mortgage loans were serviced by such party: High Street (from 1/1/23 to 12/31/23) (see Exhibit 35.3)
35.8 Computershare Trust Company, National Association, as Custodian under the MSC 2022-L8 securitization, pursuant to which the following mortgage loans were serviced by such party: Constitution Center (from 1/1/23 to 12/31/23) (see Exhibit 35.2)
35.9 Computershare Trust Company, National Association, as Custodian under the Benchmark 2022-B36 securitization, pursuant to which the following mortgage loans were serviced by such party: One Campus Martius (from 1/1/23 to 12/31/23) (see Exhibit 35.2)
35.10 Computershare Trust Company, National Association, as Custodian under the BANK 2022-BNK43 securitization, pursuant to which the following mortgage loans were serviced by such party: High Street (from 1/1/23 to 12/31/23) (see Exhibit 35.2)
(99.1) Mortgage Loan Purchase Agreement, dated as of November 10, 2022, between Morgan Stanley Capital I Inc. and Morgan Stanley Mortgage Capital Holdings LLC (filed as Exhibit 99.1 to the registrant's Current Report on Form 8-K filed on November 22, 2022 under SEC File No. 333-259741-04 and incorporated by reference herein).
(99.2) Mortgage Loan Purchase Agreement, dated as of November 10, 2022, between Morgan Stanley Capital I Inc. and Wells Fargo Bank, National Association (filed as Exhibit 99.2 to the registrant's Current Report on Form 8-K filed on November 22, 2022 under SEC File No. 333-259741-04 and incorporated by reference herein).
(99.3) Mortgage Loan Purchase Agreement, dated as of November 10, 2022, between Morgan Stanley Capital I Inc. and Bank of America, National Association (filed as Exhibit 99.3 to the registrant's Current Report on Form 8-K filed on November 22, 2022 under SEC File No. 333-259741-04 and incorporated by reference herein).
(99.4) Mortgage Loan Purchase Agreement, dated as of November 10, 2022, between Morgan Stanley Capital I Inc. and National Cooperative Bank, N.A. (filed as Exhibit 99.4 to the registrant's Current Report on Form 8-K filed on November 22, 2022 under SEC File No. 333-259741-04 and incorporated by reference herein).
(99.5) Agreement Between Note Holders, dated as of October 11, 2022, by and between Bank of America, N.A., as initial note A-1-1 holder, initial note A-1-2 holder, initial note A-1-3 holder and initial note A-1-4 holder, and DBR Investments Co. Limited, as initial note A-2-1 holder, initial note A-2-2 holder, initial note A-2-3 holder and initial note A-2-4 holder, relating to the Concord Mills loan combination (filed as Exhibit 99.5 to the registrant's Current Report on Form 8-K filed on November 22, 2022 under SEC File No. 333-259741-04 and incorporated by reference herein).
(99.6) Intercreditor Agreement, dated as of March 1, 2022, by and between Morgan Stanley Bank, N.A., as note A-1 holder, as note A-2 holder, as note A-3 holder, as note A-4 holder, as note A-5 holder, as note A-6 holder, as note A-7 holder, as note A-8 holder and as note A-9 holder, Sun Life Assurance Company of Canada, as note B-1 holder, Sun Life Insurance (Canada) Limited, as note B-2 holder, and Sun Life Hong Kong Limited, as note B-3 holder, relating to the Constitution Center loan combination (filed as Exhibit 99.6 to the registrant's Current Report on Form 8-K filed on November 22, 2022 under SEC File No. 333-259741-04 and incorporated by reference herein).
(99.7) Agreement Between Note Holders, dated as of November 22, 2022, by and between Morgan Stanley Bank, N.A., as initial note A-1 holder, Morgan Stanley Bank, N.A., as initial note A-2 holder, and Morgan Stanley Mortgage Capital Holdings LLC, as initial agent, relating to the Millennium Boston Retail loan combination (filed as Exhibit 99.7 to the registrant's Current Report on Form 8-K filed on November 22, 2022 under SEC File No. 333-259741-04 and incorporated by reference herein).
(99.8) Agreement Between Note Holders, dated as of April 29, 2022, by and between Column Financial, Inc., as initial note A-1 holder, and Morgan Stanley Bank, N.A., as initial note A-2 holder, relating to the Pacific View loan combination (filed as Exhibit 99.8 to the registrant's Current Report on Form 8-K filed on November 22, 2022 under SEC File No. 333-259741-04 and incorporated by reference herein).
(99.9) Co-Lender Agreement, dated as of June 28, 2022, by and between JPMorgan Chase Bank, National Association, as initial note A-1 holder, JPMorgan Chase Bank, National Association, as initial note A-2 holder, JPMorgan Chase Bank, National Association, as initial note A-3 holder, JPMorgan Chase Bank, National Association, as initial note A-4 holder, JPMorgan Chase Bank, National Association, as initial note A-5 holder, Morgan Stanley Bank, N.A., as initial note A-6 holder, Morgan Stanley Bank, N.A., as initial note A-7 holder, and Morgan Stanley Bank, N.A., as initial note A-8 holder, relating to the One Campus Martius loan combination (filed as Exhibit 99.9 to the registrant's Current Report on Form 8-K filed on November 22, 2022 under SEC File No. 333-259741-04 and incorporated by reference herein).
(99.10) Co-Lender Agreement, dated as of September 22, 2022, by and among Wells Fargo Bank, National Association and Goldman Sachs Bank USA, relating to the Tanger Outlets Columbus loan combination (filed as Exhibit 99.10 to the registrant's Current Report on Form 8-K filed on November 22, 2022 under SEC File No. 333-259741-04 and incorporated by reference herein).
(99.11) Agreement Between Note Holders, dated as of July 19, 2022, by and between Wells Fargo Bank, National Association, as initial note A-1 holder, and Wells Fargo Bank, National Association, as initial note A-2 holder, relating to the High Street loan combination (filed as Exhibit 99.11 to the registrant's Current Report on Form 8-K filed on November 22, 2022 under SEC File No. 333-259741-04 and incorporated by reference herein).
(b) See (a) above.
(c) Not Applicable.