UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

 WASHINGTON,
D.C. 20549

 FORM 10 K

 (Mark one)

 /X/
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

 For the fiscal year ended
December 31, 2024

OR

 //
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

 For the transition period from
to

 Commission file number: 333-227446-09

 Central Index Key Number of the issuing entity:
 0001799463

 Morgan Stanley Capital I
Trust 2020-L4

 (exact name of issuing entity as specified in its
charter)

 Central Index Key Number of the depositor: 0001547361

 Morgan Stanley Capital I Inc.

 (exact name of the depositor as specified in its
charter)

 Central Index Key Number of the sponsor: 0001541557

 Morgan Stanley Mortgage
Capital Holdings LLC

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

 Central Index Key Number of the sponsor: 0001624053

 Argentic Real Estate Finance
LLC

 (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 Estate
Lending, L.P.

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

 New York

 38-4139211

 38-4139212

 38-7235669

 (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

 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 the Act:

 NONE.

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

 Yes
___ No X

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

 Yes
___ No X

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

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.

 Yes
X No ___

by check mark whether the registrant has submitted electronically every Interactive
Data File required to be submitted pursuant to Rule 405 of Regulation 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 such files).

 Not

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

 Large
accelerated filer ___

Accelerated filer ___

Non-accelerated filer X (Do not check if a smaller reporting company)

Smaller reporting company ___

 Emerging
growth company ___

 If
an emerging growth company, indicate by check mark if the registrant has
elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of
the Ex change Act.

 Not

by check mark whether the registrant has filed a report on and attestation to
its management's assessment of the effectiveness of its internal control over
financial 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 its
audit report.

Not applicable.

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

 registrant
included in the filing reflect the correction of an error to previously issued
financial statements.

 Not applicable.

by check mark whether any of those error corrections are restatements that
required a recovery analysis of incentive-based compensation received by any of
the registrant's executive officers during the relevant recovery period
pursuant to §240.10D-1(b).

 Not applicable.

by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Act).

 Yes
___ No X

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

 Not

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

 Not

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

 Not

 DOCUMENTS
INCORPORATED BY REFERENCE

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

 Not

 EXPLANATORY NOTES

 The
MSC 2020-L4 mortgage pool includes the following mortgage loans, each of which
is serviced pursuant to a separate pooling and servicing agreement (each, an
"Outside Pooling and Servicing Agreement"):

 •
the Bellagio Hotel and Casino mortgage loan, which is serviced pursuant to the
BX 2019-OC11 trust and servicing agreement attached hereto as Exhibit 4.2;

 •
the 545 Washington Boulevard mortgage loan, which is serviced pursuant to the
BANK 2020-BNK25 pooling and servicing agreement attached hereto as
Exhibit 4.3;

 • the
1412 Broadway mortgage loan, which is serviced pursuant to the BANK 2019-BNK24
pooling and servicing agreement attached hereto as Exhibit 4.4;

 • the
55 Hudson Yards mortgage loan, which is serviced pursuant to the Hudson Yards
2019-55HY trust and servicing agreement attached hereto as Exhibit 4.5;

 • the
Alrig Portfolio mortgage loan, which is serviced pursuant to the CGCMT 2019-C7
pooling and servicing agreement attached hereto as Exhibit 4.6; and

 • the Sol y Luna mortgage loan,
which is serviced pursuant to the CSAIL 2020-C19 pooling and servicing agreement attached hereto as
Exhibit 4.7.

 Except
as set forth below, each of the parties to each pooling and servicing agreement
listed in the Exhibit Index both (1) participates in the servicing function for
purposes of Item 1122 of Regulation AB and (2) constitutes a servicer that
meets the criteria in Item 1108(a)(2)(i) through (iii) of Regulation AB for
purposes of Item 1123 of Regulation AB:

 •
The trustee under a pooling and servicing agreement has a nominal role with
respect to the mortgage pool securitized pursuant to such pooling and servicing
agreement. The trustee's only servicing function is the contingent
obligation to make certain advances if the master servicer under such pooling
and servicing agreement fails to do so, while all other servicing functions are
performed by other parties. The trustee under each of the pooling and
servicing agreements listed in the Exhibit Index has confirmed to the
registrant that it has not made any such contingent advances during the
reporting period, and consequently, each such trustee does not participate in
the servicing function for purposes of Item 1122 of Regulation AB, nor does it
perform the functions of a servicer for purposes of the definition of
"servicer" under Item 1101 of Regulation AB or for purposes of Item 1123 of
Regulation AB.

 •
The certificate administrator under a pooling and servicing agreement performs
various payment administration functions solely for the securitization governed
by such pooling and servicing agreement and the mortgage pool securitized
pursuant to such pooling and servicing agreement and does not have any
obligations with respect to any other transaction. Consequently, the
certificate administrator under an Outside Pooling and Servicing Agreement does
not participate in the servicing function for purposes of Item 1122 of
Regulation AB, nor does it perform the functions of a servicer for purposes of
the definition of "servicer" under Item 1101 of Regulation AB or for purposes
of Item 1123 of Regulation AB.

 •
The operating advisor under a pooling and servicing agreement represents the
interests of senior certificateholders in the transaction governed by such
pooling and servicing agreement and is responsible for monitoring the
performance of the special servicer under such pooling and servicing agreement
and producing certain reports to certificateholders relating to the resolution
of the mortgage pool securitized pursuant to such pooling and servicing
agreement. The operating advisor under a pooling and servicing agreement
does not have any obligations with respect to any other transaction and is
solely obligated to perform loan reporting functions with respect to the
securitization governed by such pooling and servicing agreement.
Consequently, the operating advisor under an Outside Pooling and Servicing
Agreement neither participates in the servicing function for purposes of Item
1122 of Regulation AB nor performs the functions of a servicer for purposes of
the definition of "servicer" under Item 1101 of Regulation AB or for purposes
of Item 1123 of Regulation AB. In addition, while the operating advisor
under a pooling and servicing agreement has certain reporting obligations in
respect of the related mortgage pool, it has no obligation to collect or
disburse funds in respect of the mortgage pool or to administer any of the
underlying mortgage loans. Consequently, the operating advisor under a
pooling and servicing agreement participates in the servicing function for
purposes of Item 1122 of Regulation AB, but is not responsible for the
"management or collection of the pool assets or making allocations or
distributions to holders of the asset-backed securities" within the meaning of
"servicer" under Item 1101 of Regulation AB and does not perform the functions
of a servicer for purposes of Item 1123 of Regulation AB.

 • The asset representations reviewer under a pooling
and servicing agreement has a limited obligation to review certain delinquent
mortgage loans after a specified delinquency threshold has been met and the
required percentage of certificateholders vote to direct a review of such
delinquent mortgage loans, and has no obligation to collect or disburse funds
in respect of the mortgage pool, to administer any of the underlying mortgage
loans or to perform any servicing function. Consequently, the asset representations
reviewer under a pooling and servicing agreement does not participate in the
servicing function for purposes of Item 1122 of Regulation AB, is not
responsible for the "management or collection of the pool assets or making
allocations or distributions to holders of the asset-backed securities" within
the meaning of "servicer" under Item 1101 of Regulation AB and does not perform
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
each of the BANK 2019-BNK24 pooling and servicing agreement and the BANK
2020-BNK25 pooling and servicing agreement, only has obligations in respect of
certain mortgage loans sold to the BANK 2019-BNK24 securitization trust and the
BANK 2020-BNK25 securitization trust, respectively, by NCB, N.A. Such party has
no obligations with respect to any mortgage loan included in the MSC 2020-L4
mortgage pool and therefore in such capacity does not constitute a reporting
"servicing function participant" for purposes of Item 1122 of Regulation AB, as
specified in the Instruction 3 to Item 1122, and does not constitute a
reporting "servicer" for purposes of Item 1123 of Regulation AB, as specified
in the Instruction to Item 1123.

 • KeyBank
National Association is the servicer under the BX 2019-OC11 trust and servicing
agreement, pursuant to which the Bellagio Hotel and Casino mortgage loan is
serviced. Because KeyBank National Association is not the MSC 2020-L4
master servicer, is not affiliated with any sponsor and services only the
Bellagio Hotel and Casino mortgage loan, which constitutes more than 5% but
less than 10% of the mortgage pool, KeyBank National Association, as BX
2019-OC11 servicer, constitutes a reporting "servicing function participant"
for purposes of Item 1122 of Regulation AB, as specified in the Instruction 3
to Item 1122, but does not constitute a reporting "servicer" for purposes of
Item 1123 of Regulation AB, as specified in the Instruction to Item 1123.

 •
Situs Holdings, LLC is the special servicer under the BX 2019-OC11 trust and servicing
agreement, pursuant to which the Bellagio Hotel and Casino mortgage loan is
serviced. Because Situs Holdings, LLC is not the MSC 2020-L4 special
servicer, is not affiliated with any sponsor and services only the Bellagio
Hotel and Casino mortgage loan, which constitutes more than 5% but less than
10% of the mortgage pool Situs Holdings, LLC, as BX 2019-OC11 special servicer,
constitutes a reporting "servicing function participant" for purposes of Item
1122 of Regulation AB, as specified in the Instruction 3 to Item 1122, but does
not constitute a reporting "servicer" for purposes of Item 1123 of Regulation
AB, as specified in the Instruction to Item 1123.

 •
CWCapital Asset Management LLC is the current general special servicer under
the BANK 2020-BNK25 pooling and servicing agreement, pursuant to which the 545
Washington Boulevard mortgage loan is serviced. On December 1, 2022, KeyBank
National Association was replaced as general special servicer under the BANK
2020-BNK25 pooling and servicing agreement and was succeeded by CWCapital Asset
Management LLC.

 •
3650 REIT Loan Servicing LLC is the special servicer under the CSAIL 2020-C19
pooling and servicing agreement, pursuant to which the Sol y Luna mortgage loan
is serviced. Because 3650 REIT Loan
Servicing LLC is not the MSC 2020-L4 special servicer, is not affiliated with
any sponsor and services only the Sol y Luna mortgage loan, which constitutes
less than 5% of the mortgage pool, 3650 REIT Loan Servicing LLC, as CSAIL
2019-C19 special servicer, does not constitute a reporting "servicing function
participant" for purposes of Item 1122 of Regulation AB, as specified in the
Instruction 3 to Item 1122, and does not constitute a reporting "servicer" for
purposes of Item 1123 of Regulation AB, as specified in the Instruction to Item
1123.

 • Citibank, N.A., as
certificate administrator under the CGCMT 2019-C7 pooling and servicing
agreement, pursuant to which the Alrig Portfolio mortgage loan is serviced,
engaged U.S. Bank National Association to perform the related custodial services
with respect to such mortgage loan, and U.S. Bank National Association
performed all such custodial services pursuant to the related pooling and
servicing agreement. Because U.S. Bank National Association is not the MSC
2020-L4 custodian, is not affiliated with any sponsor and only serviced the
Alrig Portfolio mortgage loan, which constitutes less than 5% of the mortgage
pool, U.S. Bank National Association, as a CGCMT 2019-C7 servicing function
participant, does not constitute a reporting "servicing function participant"
for purposes of Item 1122 of Regulation AB, as specified in the Instruction 3
to Item 1122, and does not constitute a reporting "servicer" for purposes of
Item 1123 of Regulation AB, as specified in the Instruction to Item 1123.

 •
 BREF Partners Special Servicer LLC, as special servicer with
respect to the 805 Third Avenue mortgage loan under the CGCMT 2019-C7 pooling
and servicing agreement, only has obligations in respect of the 805 Third
Avenue mortgage loan securitized thereunder. On May 7, 2020, LNR Partners, LLC
was replaced as special servicer under the CGCMT 2019-C7 pooling and servicing
agreement with respect to the 805 Third Avenue mortgage loan and was succeeded
by BREF Partners Special Servicer LLC. BREF Partners Special Servicer LLC, as
special servicer with respect to the 805 Third Avenue mortgage loan under the
CGCMT 2019-C7 pooling and servicing agreement, has no obligations with respect
to any mortgage loan included in the MSC 2020-L4 mortgage pool and therefore such
party in such capacity does not constitute a reporting "servicing function
participant" for purposes of Item 1122 of Regulation AB, as specified in the
Instruction 3 to Item 1122, and does not constitute a reporting "servicer" for
purposes of Item 1123 of Regulation AB, as specified in the Instruction to Item
1123.

 •
Argentic Services Company LP is the current special servicer under the MSC
2020-L4 pooling and servicing agreement. On May 6, 2020, LNR Partners, LLC was
replaced as special servicer under the MSC 2020-L4 pooling and servicing
agreement and was succeeded by Argentic Services Company LP.

 •
LNR Partners, LLC is the current general special servicer under the BANK
2019-BNK24 pooling and servicing agreement, pursuant to which the 1412 Broadway
mortgage loan is serviced. On July 13, 2021, Midland Loan Services, a Division
of PNC Bank, National Association was replaced as general special servicer
under the BANK 2019-BNK24 pooling and servicing agreement and was succeeded by
LNR Partners, LLC.

 In addition, each of the following parties
engaged the services of certain servicing function participants and sub-servicers
for the reporting period, as set forth below:

 •
Wells Fargo Bank, National Association, as general master servicer under the
BANK 2020-BNK25 pooling and servicing agreement, pursuant to which the 545
Washington Boulevard mortgage loan is serviced, engaged the services of
CoreLogic Solutions, LLC as a servicing function participant in respect of the
545 Washington Boulevard mortgage loan for the reporting period.

 •
Wells Fargo Bank, National Association, as general master servicer under the
BANK 2019-BNK24 pooling and servicing agreement, pursuant to which the 1412
Broadway mortgage loan is serviced, engaged the services of CoreLogic
Solutions, LLC as a servicing function participant in respect of the 1412
Broadway mortgage loan for the reporting period.

 •
Wells Fargo Bank, National Association, as servicer under the Hudson Yard
2019-55HY trust and servicing agreement, pursuant to which the 55 Hudson Yards
mortgage loan is serviced, engaged the services of CoreLogic Solutions, LLC as
a servicing function participant in respect of the 55 Hudson Yards mortgage
loan for the reporting period.

 •
Wells Fargo Bank, National Association, as master servicer under the CGCMT
2019-C7 pooling and servicing agreement, pursuant to which the Alrig Portfolio
mortgage loan is serviced, engaged the services of CoreLogic Solutions, LLC as
a servicing function participant in respect of the Alrig Portfolio mortgage
loan for the reporting period.

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

 Item 1.

 Business.

 Item 1A.

 Risk Factors.

 Item 1B.

 Unresolved Staff Comments.

 None.

 Item 1C.

 Cybersecurity.

 Item 2.

 Properties.

 Item 3.

 Legal Proceedings.

 Item 4.

 Mine Safety Disclosures.

 Item 5.

 Market for Registrant's
 Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
 Securities.

 Item 6.

 [Reserved]

 Item 7.

 Management's Discussion and
 Analysis of Financial Condition and Results of Operations.

 Item 7A.

 Quantitative and
 Qualitative Disclosures About Market Risk.

 Item 8.

 Financial Statements and
 Supplementary Data.

 Item 9.

 Changes in and
 Disagreements With Accountants on Accounting and Financial Disclosure.

 Item 9A.

 Controls and Procedures.

 Item 9B.

 Other Information.

 None.

 Item 9C.

 Disclosure Regarding Foreign
 Jurisdictions that Prevent Inspections.

 None.

 Item 10.

 Directors, Executive
 Officers and Corporate Governance.

 Item 11.

 Executive Compensation.

 Item 12.

 Security Ownership of
 Certain Beneficial Owners and Management and Related Stockholder Matters.

 Item 13.

 Certain Relationships and
 Related Transactions, and Director Independence.

 Item 14.

 Principal Accountant Fees
 and Services.

 ADDITIONAL
DISCLOSURE ITEMS FOR REGULATION AB

 Item
1112(b) of Regulation AB, Significant Obligor Financial Information.

 Not

 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,
other than as follows:

 In
December 2014, Phoenix Light SF Limited (Phoenix Light) and certain related
entities filed a complaint in the United States District Court for the Southern
District of New York alleging claims against Wells Fargo Bank, N.A., in its
capacity as trustee for a number of residential mortgage-backed securities
(RMBS) trusts. Complaints raising similar allegations have been filed by
Commerzbank AG in the Southern 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 II LLC in New York state court. In each case, the
plaintiffs allege that Wells Fargo Bank, N.A., as trustee, caused losses to
investors, and plaintiffs assert causes of action based upon, among other things,
the trustee's alleged failure to notify and enforce repurchase obligations of
mortgage loan sellers for purported breaches of representations and warranties,
notify investors of alleged events of default, and abide by appropriate
standards of care following alleged events of default. In July 2022, the
district court dismissed Phoenix Light's claims and certain of the claims
asserted by Commerzbank AG, and subsequently entered judgment 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 to the United States Court of
Appeals for the Second Circuit. Phoenix Light dismissed its appeal in May 2023,
terminating its case. In October 2024, the Second Circuit denied Commerzbank
AG's appeal. In November 2023, Wells Fargo 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 by institutional investors and an action filed by the
National Credit Union Administration with similar allegations.

 From
time to time, CWCapital Asset Management LLC, a Delaware limited liability
company ("CWCAM"), is a party to lawsuits and other legal proceedings as part
of its duties as a special servicer (e.g., enforcement of loan obligations)
and/or arising in the ordinary course of business. Other than as set forth in
the following paragraphs, there are currently no legal proceedings pending, and
no legal proceedings known to be contemplated by governmental authorities,
against CWCAM or of which any of its property is the subject, that are material
to the certificateholders.

 On
December 17, 2015, U.S. Bank National Association, the trustee under five
pooling and servicing agreements for (i) Wachovia Bank Commercial Mortgage
Trust 2007-C30, (ii) COBALT CMBS Commercial Trust 2007-C2, (iii) Wachovia Bank
Commercial Mortgage Trust 2007-C31, (iv) ML-CFC Commercial Mortgage Trust
2007-5 and (v) ML-CFC Commercial Mortgage Trust 2007-6 commenced a proceeding
with the Second Judicial District Court of Ramsey County, Minnesota (the "State
Court") for a declaratory judgment as to the proper allocation of certain
proceeds ("Disputed Proceeds") received by CWCAM in connection with the sale of
the Peter Cooper Village and Stuyvesant Town property in New York, New York
securing loans held by those trusts. CWCAM was the special servicer of such
property. The petition requests the State Court to instruct the trustee, the
trust beneficiaries, and any other interested parties as to the amount of the
Disputed Proceeds, if any, that constitute penalty interest and/or the amount
of the Disputed Proceeds, if any, that constitute gain-on-sale proceeds, with
respect to each trust. On February 24, 2016, CWCAM made a limited appearance
with the State Court to file a motion to dismiss this proceeding based on lack
of jurisdiction, mootness, standing and forum non conveniens. On July 19, 2016,
the State Court denied CWCAM's motion to dismiss. On July 22, 2016, the action
was removed to federal court in Minnesota ("Federal Court"). On October 21,
2016, the Federal Court held a hearing on the motion to transfer the action to
the United States District Court for the Southern District of New York ("SDNY
Court"), a motion to remand to state court and a motion to hear CWCAM's request
for reconsideration of the motion to dismiss. On March 14, 2017, the Federal
Court reserved the determination on the motion to hear CWCAM's request for
reconsideration of the motion to dismiss, denied the motion to remand the
matter to state court and granted the motion to transfer the proceeding to the
SDNY Court. Cross motions for judgment on the pleadings were filed but the SDNY
Court was unable to decide the case based on the pleadings and the SDNY Court
ordered discovery. All fact discovery was completed in December, 2018 and
expert discovery was completed on March 15, 2019. The parties submitted cross
motions for summary judgment, and on March 19, 2020, the SDNY Court entered an
opinion and order in which it granted summary judgment in CWCAM's favor and
held that CWCAM was entitled to the entire amount of penalty interest and that
CWCAM's determination of Yield Maintenance was correct. In the 127-page
opinion, the SDNY Court found for CWCAM on every issue presented by the
trustee's petition, namely, that the funds in dispute constitute penalty
interest and yield maintenance, not gain-on-sale proceeds, and that the amount
of penalty interest and yield maintenance was correctly calculated. An appeal
of the SDNY Court's decision was taken on April 29, 2020. Oral argument on the
appeal occurred on June 21, 2021. On July 14, 2022, the Second Circuit entered
a decision affirming in part and reversing in part the SDNY Court's decision
and remanding to the SDNY Court for further proceedings. The Second Circuit
affirmed the SDNY's Court holding that Penalty Interest and Yield Maintenance
are paid before Gain-On-Sale Proceeds. The Second Circuit reversed and remanded
for further proceedings that portion of the SDNY Court's decision related to
approximately $67.2 million in interest on advances. On January 13, 2023, the
parties entered into a settlement agreement, in which (among other things) they
agreed to stipulate that the amount of interest on advances that accrued on or
before June 3, 2014 is $27.5 million, and that CWCAM would pay that amount into
escrow for distribution to certificateholders upon the entry of an order by the
Court approving the settlement. U.S. Bank National Association, as Trustee for
the trusts, provided notice of the settlement to all parties in interest via a
notice program approved by the Court. A hearing on the settlement is scheduled
for March 16, 2023.

 On
December 1, 2017, a complaint against CWCAM and others was filed in the United
States District Court for the Southern District of New York styled as CWCapital
Cobalt Vr Ltd. v. CWCapital Investments LLC, et al., No. 17-cv-9463 (the
"Original Complaint"). The gravamen of the Original Complaint alleged breaches
of a contract and fiduciary duties by CWCAM's affiliate, CWCapital Investments
LLC in its capacity as collateral manager for the collateralized debt
obligation transaction involving CWCapital Cobalt Vr, Ltd. In total, there are
14 counts pled in the Original Complaint. Of those 14, 5 claims were asserted
against CWCAM for aiding and abetting breach of fiduciary duty, conversion and
unjust enrichment. On May 23, 2018, the Original Complaint was dismissed for
lack of subject matter jurisdiction. On June 28, 2018, CWCapital Cobalt Vr Ltd.
filed a substantially similar complaint in the Supreme Court of the State of
New York, County of New York styled as CWCapital Cobalt Vr Ltd. v. CWCapital
Investments LLC, et al., Index No. 653277/2018 (the "New Complaint"). The
gravamen of the New Complaint is the same as the previous complaint filed in
the United State District Court for the Southern District of New York. In total
there are 16 counts pled in the New Complaint. Of those 16 counts, 5 claims
were asserted against CWCAM for aiding and abetting breach of fiduciary duty,
conversion and unjust enrichment, 1 count seeks a declaratory judgement that
the plaintiff has the right to enforce the contracts in question and 1 count
seeks an injunction requiring the defendants to recognize the plaintiff as the
directing holder for the trusts in question. On January 11, 2019, the plaintiff
dismissed with prejudice the declaratory judgment and injunction counts. The
New Complaint and related summons was not served on the defendants until July
13, 2018 and July 16, 2018. The plaintiff's motion for a preliminary injunction
was denied by the court on July 31, 2018. On August 3, 2018, the defendants,
including CWCAM, filed a motion to dismiss the New Complaint in its entirety.
On August 20, 2019, the court entered an order granting defendants' motion
almost in its entirety, dismissing 11 of the 16 counts and partially dismissing
2 additional counts. Of the remaining counts, 2 are asserted against CWCAM for
aiding and abetting breach of fiduciary duty and unjust enrichment. On
September 19, 2019, CWCapital Cobalt Vr Ltd. filed a notice of appeal relating
to the August 20, 2019 dismissal order and on September 26, 2019, filed an amended
complaint against CWCI and CWCAM attempting to address deficiencies relating to
certain of the claims dismissed by the August 20, 2019 order. CWCI and CWCAM
filed its Motion to Dismiss the amended complaint on October 28, 2019. The
court heard argument on the Motion to Dismiss the amended complaint on January
22, 2020 and on October 23, 2020, the court granted the motion dismissing the
amended claims. On November 30, 2020, CWCapital Cobalt Vr Ltd filed a notice of
appeal relating to the October 23, 2020 dismissal order. On April 27, 2021, the
First Department affirmed the dismissal as to claims against CWCAM that were
part of the August 20, 2019 dismissal, but reversed the dismissal of two counts
for breach of the Collateral Management Agreement against CWCI. CWCI sought
leave to file an appeal of the decision. The plaintiff also sought leave to
appeal the dismissal of the claims against CWCAM. Both requests for leave were
denied by the First Department. On May 15, 2020, CWCI and CWCAM filed a motion
to renew its motion to dismiss as to 4 of the remaining counts (including the
remaining two counts against CWCAM for aiding and abetting breach of fiduciary
duty and unjust enrichment), based on a decision entered by Judge Failla in a
trust instruction proceeding in the US District Court for the Southern District
of New York awarding summary judgment in favor of CWCAM. On September 7, 2021,
the court denied the motion to renew. CWCI and CWCAM filed a notice of appeal,
which they perfected by the filing of their opening brief on July 1, 2022. On
November 15, 2022, the First Department affirmed the court's denial of the
motion to renew. On October 1, 2021, CWCI and CWCAM moved to reargue the denial
of the motion to renew (or alternatively, the motion to dismiss) with respect
to certain of Cobalt's claims, including the remaining 2 claims against CWCAM,
based on the First Department's April 27, 2021 decision. On March 24, 2022, the
court denied the relief sought in the motion to reargue. CWCI and CWCAM have
appealed the court's decision on the motion to reargue and filed their opening
brief on July 11, 2022. The appeal was dismissed as being nonappealable on
August 30, 2022. CWCAM believes that it has performed its obligations under the
related pooling and servicing agreements in good faith and the remaining
allegations in the New Complaint are without merit.

 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 February 20, 2020.

 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.

 Item
15. Exhibits, Financial Statement Schedules.

 (a) Exhibits.

 (4.1) Pooling and Servicing Agreement, dated as of February
1, 2020, 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, Wells Fargo Bank, National Association, as
certificate administrator and trustee, and Pentalpha Surveillance 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 August 6, 2020 under
SEC File No. 333-227446-09 and incorporated by reference herein).

 (4.2) Trust and Servicing Agreement, dated as of
December 1, 2019, between Morgan Stanley Capital I Inc., as depositor, KeyBank
National Association, as servicer, Situs Holdings, LLC, as special servicer,
Wells Fargo Bank, National Association, as certificate administrator, custodian
and trustee, and Park Bridge Lender Services LLC, as operating advisor,
relating to the BX 2019-OC11 securitization transaction, pursuant to which the
Bellagio Hotel and Casino Mortgage Loan is serviced (filed as Exhibit 4.2 to
the registrant's Current Report on Form 8-K filed on February 20, 2020 under
SEC File No. 333-227446-09 and incorporated by reference herein).

 (4.3) Pooling and Servicing Agreement, dated as of
February 1, 2020, between Wells Fargo Commercial Mortgage Securities, 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 NCB special servicer, Wells Fargo Bank,
National Association, 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 2020-BNK25
securitization transaction, pursuant to which the 545 Washington Boulevard
Mortgage Loan is serviced (filed as Exhibit 4.3 to the registrant's Current
Report on Form 8-K filed on February 20, 2020 under SEC File No. 333-227446-09
and incorporated by reference herein).

 (4.4) Pooling and Servicing Agreement, dated as of
December 1, 2019, between Banc of America Merrill Lynch Commercial Mortgage
Inc., as depositor, Wells Fargo Bank, National Association, as general master
servicer, Midland Loan Services, a Division of PNC Bank, National Association,
as general special servicer, National Cooperative Bank, N.A., as NCB master
servicer and NCB special servicer, Wells Fargo Bank, 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 BANK 2019-BNK24 securitization
transaction, pursuant to which the 1412 Broadway Mortgage Loan is serviced
(filed as Exhibit 4.4 to the registrant's Current Report on Form 8-K filed on
February 20, 2020 under SEC File No. 333-227446-09 and incorporated by

 (4.5) Trust and Servicing Agreement, dated as of
December 6, 2019, between Wells Fargo Commercial Mortgage Securities, Inc., as
depositor, Wells Fargo Bank, National Association, as master servicer,
CWCapital Asset Management LLC, as special servicer, Wilmington Trust, National
Association, as trustee, and Wells Fargo Bank, National Association, as
certificate administrator, paying agent and custodian, relating to the HY
2019-55HY securitization transaction, pursuant to which the 55 Hudson Yards
Mortgage Loan is serviced (filed as Exhibit 4.5 to the registrant's Current
Report on Form 8-K filed on February 20, 2020 under SEC File No. 333-227446-09
and incorporated by reference herein).

 (4.6) Pooling and Servicing Agreement, dated as of
December 1, 2019, between Citigroup Commercial Mortgage Securities Inc., as
depositor, Wells Fargo Bank, National Association, as master servicer, LNR
Partners, LLC, as a special servicer, Wilmington Trust, National Association,
as trustee, Citibank, N.A., as certificate administrator, and Pentalpha
Surveillance LLC, as operating advisor and asset representations reviewer,
relating to the CGCMT 2019-C7 securitization transaction, pursuant to which the
Alrig Portfolio Mortgage Loan is serviced (filed as Exhibit 4.6 to the
registrant's Current Report on Form 8-K filed on February 20, 2020 under SEC
File No. 333-227446-09 and incorporated by reference herein).

 (4.7) Pooling and Servicing Agreement, dated as of
March 1, 2020, between Credit Suisse Commercial Mortgage Securities Corp., as
depositor, Midland Loan Services, a Division of PNC Bank, National Association,
as master servicer, 3650 REIT Loan Servicing LLC, as special servicer, Park
Bridge Lender Services LLC, as operating advisor and as asset representations
reviewer, and Wells Fargo Bank, National Association, as certificate
administrator and trustee, relating to the CSAIL 2020-C19 securitization transaction,
pursuant to which the Sol y Luna Mortgage Loan is serviced (filed as Exhibit
4.7 to the registrant's Current Report on Form 8-K/A filed on April 13, 2020
under SEC File No. 333-227446-09 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 Wells Fargo Bank, National Association, as
Certificate Administrator

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

 33.3 Wells Fargo Bank, National Association, as
Custodian

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

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

 33.6 Argentic Services Company LP, as Special
Servicer

 33.7 Pentalpha Surveillance LLC, as Operating
Advisor

 33.8 KeyBank National Association, as Master
Servicer under the BX 2019-OC11 securitization, pursuant to which the following
mortgage loans were serviced by such party: Bellagio Hotel and Casino (from

 33.9 Wells Fargo Bank, National Association, as
Master Servicer under the BANK 2020-BNK25 securitization, pursuant to which the

 33.10 CoreLogic Solutions, LLC, as Servicing Function
Participant under the BANK 2020-BNK25 securitization, pursuant to which the

 33.11 Wells Fargo Bank, National Association, as Master
Servicer under the BANK 2019-BNK24 securitization, pursuant to which the
1/1/24 to 12/31/24) (See exhibit 33.9)

 33.12 CoreLogic Solutions, LLC, as Servicing Function
Participant under the BANK 2019-BNK24 securitization, pursuant to which the
1/1/24 to 12/31/24) (See exhibit 33.10)

 33.13 Wells Fargo Bank, National Association, as Master
Servicer under the Hudson Yards 2019-55HY securitization, pursuant to which the
1/1/24 to 12/31/24) (See exhibit 33.9)

 33.14 CoreLogic Solutions, LLC, as Servicing Function
Participant under the Hudson Yards 2019-55HY securitization, pursuant to which
the following mortgage loans were serviced by such party: 55 Hudson Yards (from
1/1/24 to 12/31/24) (See exhibit 33.10)

 33.15 Midland Loan Services, a Division of PNC Bank,
National Association, as Master Servicer under the CSAIL 2020-C19
securitization, pursuant to which the following mortgage loans were serviced by
such party: Sol y Luna (from 1/1/24 to 12/31/24) (See exhibit 33.5)

 33.16 Wells Fargo Bank, National Association, as Master
Servicer under the CGCMT 2019-C7 securitization, pursuant to which the
1/1/24 to 12/31/24) (See exhibit 33.9)

 33.17 CoreLogic Solutions, LLC, as Servicing Function
Participant under the CGCMT 2019-C7 securitization, pursuant to which the
1/1/24 to 12/31/24) (See exhibit 33.10)

 33.18 Situs Holdings, LLC, as Special Servicer under the BX
2019-OC11 securitization, pursuant to which the following mortgage loans were
serviced by such party: Bellagio Hotel and Casino (from 1/1/24 to 12/31/24)

 33.19 CWCapital Asset Management LLC, as Special Servicer

 33.20 LNR Partners, LLC, as Special Servicer under the BANK
2019-BNK24 securitization, pursuant to which the following mortgage loans were
serviced by such party: 1412 Broadway (from 1/1/24 to 12/31/24)

 33.21 CWCapital Asset Management LLC, as Special Servicer
1/1/24 to 12/31/24) (See exhibit 33.19)

 33.22 LNR Partners, LLC, as Special Servicer under the
CGCMT 2019-C7 securitization, pursuant to which the following mortgage loans
were serviced by such party: Alrig Portfolio (from 1/1/24 to 12/31/24) (See
exhibit 33.20)

 33.23 Wells Fargo Bank, National Association, as Custodian under
the BX 2019-OC11 securitization, pursuant to which the following mortgage loans
were serviced by such party: Bellagio Hotel and Casino (from 1/1/24 to
12/31/24) (See exhibit 33.3)

 33.24 Computershare Trust Company, National Association, as
Servicing Function Participant under the BX 2019-OC11 securitization, pursuant
to which the following mortgage loans were serviced by such party: Bellagio
Hotel and Casino (from 1/1/24 to 12/31/24) (See exhibit 33.4)

 33.25 Wells Fargo Bank, National Association, as Custodian
1/1/24 to 12/31/24) (See exhibit 33.3)

 33.26 Computershare Trust Company, National Association, as
Servicing Function Participant under the BANK 2020-BNK25 securitization,
pursuant to which the following mortgage loans were serviced by such party: 545
Washington Boulevard (from 1/1/24 to 12/31/24) (See exhibit 33.4)

 33.27 Wells Fargo Bank, National Association, as Custodian
under the BANK 2019-BNK24 securitization, pursuant to which the following
mortgage loans were serviced by such party: 1412 Broadway (from 1/1/24 to
12/31/24) (See exhibit 33.3)

 33.28 Computershare Trust Company, National Association, as
Servicing Function Participant under the BANK 2019-BNK24 securitization,
pursuant to which the following mortgage loans were serviced by such party:
1412 Broadway (from 1/1/24 to 12/31/24) (See exhibit 33.4)

 33.29 Wells Fargo Bank, National Association, as Custodian
1/1/24 to 12/31/24) (See exhibit 33.3)

 33.30 Computershare Trust Company, National Association, as
Servicing Function Participant under the Hudson Yards 2019-55HY securitization,
pursuant to which the following mortgage loans were serviced by such party: 55
Hudson Yards (from 1/1/24 to 12/31/24) (See exhibit 33.4)

 33.31 Wells Fargo Bank, National Association, as Custodian
under the CSAIL 2020-C19 securitization, pursuant to which the following
mortgage loans were serviced by such party: Sol y Luna (from 1/1/24 to
12/31/24) (See exhibit 33.3)

 33.32 Computershare Trust Company, National Association, as
Servicing Function Participant under the CSAIL 2020-C19 securitization,
pursuant to which the following mortgage loans were serviced by such party: Sol
y Luna (from 1/1/24 to 12/31/24) (See exhibit 33.4)

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

 34.1 Wells Fargo Bank, National Association, as
Certificate Administrator

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

 34.3 Wells Fargo Bank, National Association, as
Custodian

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

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

 34.6 Argentic Services Company LP, as Special
Servicer

 34.7 Pentalpha Surveillance LLC, as Operating
Advisor

 34.8 KeyBank National Association, as Master
Servicer under the BX 2019-OC11 securitization, pursuant to which the following
mortgage loans were serviced by such party: Bellagio Hotel and Casino (from

 34.9 Wells Fargo Bank, National Association, as
Master Servicer under the BANK 2020-BNK25 securitization, pursuant to which the

 34.10 CoreLogic Solutions, LLC, as Servicing Function
Participant under the BANK 2020-BNK25 securitization, pursuant to which the

 34.11 Wells Fargo Bank, National Association, as Master
Servicer under the BANK 2019-BNK24 securitization, pursuant to which the
1/1/24 to 12/31/24) (See exhibit 34.9)

 34.12 CoreLogic Solutions, LLC, as Servicing Function
Participant under the BANK 2019-BNK24 securitization, pursuant to which the
1/1/24 to 12/31/24) (See exhibit 34.10)

 34.13 Wells Fargo Bank, National Association, as Master
Servicer under the Hudson Yards 2019-55HY securitization, pursuant to which the
1/1/24 to 12/31/24) (See exhibit 34.9)

 34.14 CoreLogic Solutions, LLC, as Servicing Function
Participant under the Hudson Yards 2019-55HY securitization, pursuant to which
the following mortgage loans were serviced by such party: 55 Hudson Yards (from
1/1/24 to 12/31/24) (See exhibit 34.10)

 34.15 Midland Loan Services, a Division of PNC Bank,
National Association, as Master Servicer under the CSAIL 2020-C19
securitization, pursuant to which the following mortgage loans were serviced by
such party: Sol y Luna (from 1/1/24 to 12/31/24) (See exhibit 34.5)

 34.16 Wells Fargo Bank, National Association, as Master
Servicer under the CGCMT 2019-C7 securitization, pursuant to which the
1/1/24 to 12/31/24) (See exhibit 34.9)

 34.17 CoreLogic Solutions, LLC, as Servicing Function
Participant under the CGCMT 2019-C7 securitization, pursuant to which the
1/1/24 to 12/31/24) (See exhibit 34.10)

 34.18 Situs Holdings, LLC, as Special Servicer under the BX
2019-OC11 securitization, pursuant to which the following mortgage loans were
serviced by such party: Bellagio Hotel and Casino (from 1/1/24 to 12/31/24)

 34.19 CWCapital Asset Management LLC, as Special Servicer

 34.20 LNR Partners, LLC, as Special Servicer under the BANK
2019-BNK24 securitization, pursuant to which the following mortgage loans were
serviced by such party: 1412 Broadway (from 1/1/24 to 12/31/24)

 34.21 CWCapital Asset Management LLC, as Special Servicer
1/1/24 to 12/31/24) (See exhibit 34.19)

 34.22 LNR Partners, LLC, as Special Servicer under the
CGCMT 2019-C7 securitization, pursuant to which the following mortgage loans
were serviced by such party: Alrig Portfolio (from 1/1/24 to 12/31/24) (See
exhibit 34.20)

 34.23 Wells Fargo Bank, National Association, as Custodian
under the BX 2019-OC11 securitization, pursuant to which the following mortgage
loans were serviced by such party: Bellagio Hotel and Casino (from 1/1/24 to
12/31/24) (See exhibit 34.3)

 34.24 Computershare Trust Company, National Association, as
Servicing Function Participant under the BX 2019-OC11 securitization, pursuant
to which the following mortgage loans were serviced by such party: Bellagio
Hotel and Casino (from 1/1/24 to 12/31/24) (See exhibit 34.4)

 34.25 Wells Fargo Bank, National Association, as Custodian
1/1/24 to 12/31/24) (See exhibit 34.3)

 34.26 Computershare Trust Company, National Association, as
Servicing Function Participant under the BANK 2020-BNK25 securitization,
pursuant to which the following mortgage loans were serviced by such party: 545
Washington Boulevard (from 1/1/24 to 12/31/24) (See exhibit 34.4)

 34.27 Wells Fargo Bank, National Association, as Custodian
under the BANK 2019-BNK24 securitization, pursuant to which the following
mortgage loans were serviced by such party: 1412 Broadway (from 1/1/24 to
12/31/24) (See exhibit 34.3)

 34.28 Computershare Trust Company, National Association, as
Servicing Function Participant under the BANK 2019-BNK24 securitization,
pursuant to which the following mortgage loans were serviced by such party:
1412 Broadway (from 1/1/24 to 12/31/24) (See exhibit 34.4)

 34.29 Wells Fargo Bank, National Association, as Custodian
1/1/24 to 12/31/24) (See exhibit 34.3)

 34.30 Computershare Trust Company, National Association, as
Servicing Function Participant under the Hudson Yards 2019-55HY securitization,
pursuant to which the following mortgage loans were serviced by such party: 55
Hudson Yards (from 1/1/24 to 12/31/24) (See exhibit 34.4)

 34.31 Wells Fargo Bank, National Association, as Custodian
under the CSAIL 2020-C19 securitization, pursuant to which the following
mortgage loans were serviced by such party: Sol y Luna (from 1/1/24 to
12/31/24) (See exhibit 34.3)

 34.32 Computershare Trust Company, National Association, as
Servicing Function Participant under the CSAIL 2020-C19 securitization,
pursuant to which the following mortgage loans were serviced by such party: Sol
y Luna (from 1/1/24 to 12/31/24) (See exhibit 34.4)

 (35)
 Servicer compliance statement.

 35.1 Wells Fargo Bank, National Association, as
Certificate Administrator

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

 35.3 Wells Fargo Bank, National Association, as
Custodian

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

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

 35.6 Argentic Services Company LP, as Special
Servicer

 35.7 Wells Fargo Bank, National Association, as
Master Servicer under the BANK 2020-BNK25 securitization, pursuant to which the

 35.8 Wells Fargo Bank, National Association, as
Master Servicer under the BANK 2019-BNK24 securitization, pursuant to which the
1/1/24 to 12/31/24) (See exhibit 35.7)

 35.9 Wells Fargo Bank, National Association, as
Master Servicer under the Hudson Yards 2019-55HY securitization, pursuant to
which the following mortgage loans were serviced by such party: 55 Hudson Yards
(from 1/1/24 to 12/31/24) (See exhibit 35.7)

 35.10 Midland Loan Services, a Division of PNC Bank,
National Association, as Master Servicer under the CSAIL 2020-C19
securitization, pursuant to which the following mortgage loans were serviced by
such party: Sol y Luna (from 1/1/24 to 12/31/24) (See exhibit 35.5)

 35.11 Wells Fargo Bank, National Association, as Master
Servicer under the CGCMT 2019-C7 securitization, pursuant to which the
1/1/24 to 12/31/24) (See exhibit 35.7)

 35.12 CWCapital Asset Management LLC, as Special Servicer

 35.13 LNR Partners, LLC, as Special Servicer under the BANK
2019-BNK24 securitization, pursuant to which the following mortgage loans were
serviced by such party: 1412 Broadway (from 1/1/24 to 12/31/24)

 35.14 CWCapital Asset Management LLC, as Special Servicer
1/1/24 to 12/31/24) (See exhibit 35.12)

 35.15 LNR Partners, LLC, as Special Servicer under the
CGCMT 2019-C7 securitization, pursuant to which the following mortgage loans
were serviced by such party: Alrig Portfolio (from 1/1/24 to 12/31/24) (See
exhibit 35.13)

 35.16 Wells Fargo Bank, National Association, as Custodian
under the BX 2019-OC11 securitization, pursuant to which the following mortgage
loans were serviced by such party: Bellagio Hotel and Casino (from 1/1/24 to
12/31/24) (See exhibit 35.3)

 35.17 Computershare Trust Company, National Association, as
Servicing Function Participant under the BX 2019-OC11 securitization, pursuant
to which the following mortgage loans were serviced by such party: Bellagio
Hotel and Casino (from 1/1/24 to 12/31/24) (See exhibit 35.4)

 35.18 Wells Fargo Bank, National Association, as Custodian
1/1/24 to 12/31/24) (See exhibit 35.3)

 35.19 Computershare Trust Company, National Association, as
Servicing Function Participant under the BANK 2020-BNK25 securitization,
pursuant to which the following mortgage loans were serviced by such party: 545
Washington Boulevard (from 1/1/24 to 12/31/24) (See exhibit 35.4)

 35.20 Wells Fargo Bank, National Association, as Custodian
under the BANK 2019-BNK24 securitization, pursuant to which the following
mortgage loans were serviced by such party: 1412 Broadway (from 1/1/24 to
12/31/24) (See exhibit 35.3)

 35.21 Computershare Trust Company, National Association, as
Servicing Function Participant under the BANK 2019-BNK24 securitization,
pursuant to which the following mortgage loans were serviced by such party:
1412 Broadway (from 1/1/24 to 12/31/24) (See exhibit 35.4)

 35.22 Wells Fargo Bank, National Association, as Custodian
1/1/24 to 12/31/24) (See exhibit 35.3)

 35.23 Computershare Trust Company, National Association, as
Servicing Function Participant under the Hudson Yards 2019-55HY securitization,
pursuant to which the following mortgage loans were serviced by such party: 55
Hudson Yards (from 1/1/24 to 12/31/24) (See exhibit 35.4)

 35.24 Wells Fargo Bank, National Association, as Custodian
under the CSAIL 2020-C19 securitization, pursuant to which the following
mortgage loans were serviced by such party: Sol y Luna (from 1/1/24 to
12/31/24) (See exhibit 35.3)

 35.25 Computershare Trust Company, National Association, as
Servicing Function Participant under the CSAIL 2020-C19 securitization,
pursuant to which the following mortgage loans were serviced by such party: Sol
y Luna (from 1/1/24 to 12/31/24) (See exhibit 35.4)

 (99.1) Mortgage Loan Purchase Agreement, dated February 7,
2020, 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 February 20, 2020 under SEC File No. 333-227446-09 and

 (99.2) Mortgage Loan Purchase Agreement, dated February 7,
2020, 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
on February 20, 2020 under SEC File No. 333-227446-09 and incorporated by

 (99.3) Mortgage Loan Purchase Agreement, dated February 7,
2020, between Morgan Stanley Capital I Inc. and Starwood Mortgage Capital LLC
(filed as Exhibit 99.3 to the registrant's Current Report on Form 8-K filed on
February 20, 2020 under SEC File No. 333-227446-09 and incorporated by

 (99.4) Mortgage Loan Purchase Agreement, dated February 7,
2020, between Morgan Stanley Capital I Inc. and Cantor Commercial Real Estate
Lending, L.P. (filed as Exhibit 99.4 to the registrant's Current Report on Form
8-K filed on February 20, 2020 under SEC File No. 333-227446-09 and

 (99.5) Agreement Between Note Holders, dated as of December 9,
2019, by and between Morgan Stanley Bank, N.A., as initial note A-1-S1 holder,
initial note A-1-S2 holder, initial note A-1-RL holder, initial note A-1-C1
holder, initial note A-1-C2 holder, initial note A-1-C3 holder, initial note
A-1-C4 holder, initial note A-1-C5 holder, initial note B-1-S holder, initial
note B-1-RL holder and initial note C-1-S holder, Citi Real Estate Funding
Inc., as initial note A-2-S1 holder, initial note A-2-S2 holder, initial note
A-2-RL holder, initial note A-2-C1 holder, initial note A-2-C2 holder, initial
note A-2-C3 holder, initial note A-2-C4 holder, initial note A-2-C5 holder,
initial note B-2-S holder, initial note B-2-RL holder and initial note C-2-S
holder, and JPMorgan Chase Bank, National Association, as initial note A-3-S1
holder, initial note A-3-S2 holder, initial note A-3-RL holder, initial note
A-3-C1 holder, initial note A-3-C2 holder, initial note A-3-C3 holder, initial
note A-3-C4 holder, initial note A-3-C5 holder, initial note B-3-S holder,
initial note B-3-RL holder and initial note C-3-S holder, relating to the
Bellagio Hotel and Casino loan combination (filed as Exhibit 99.5 to the
registrant's Current Report on Form 8-K filed on February 20, 2020 under SEC
File No. 333-227446-09 and incorporated by reference herein).

 (99.6) Agreement Between Note Holders, dated as of January 23,
2020, 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, Morgan Stanley Bank,
N.A., as initial note A-3 holder, Barclays Capital Real Estate Inc., as initial
note A-4 holder, and Morgan Stanley Mortgage Capital Holdings LLC, as initial
agent, relating to the 545 Washington Boulevard loan combination (filed as
Exhibit 99.6 to the registrant's Current Report on Form 8-K filed on February
20, 2020 under SEC File No. 333-227446-09 and incorporated by reference
herein).

 (99.7) Agreement Between Note Holders, dated as of November
21, 2019, by and between Argentic Real Estate Finance LLC, as initial note A-1
holder, Argentic Real Estate Finance LLC, as initial note A-2 holder, Argentic
Real Estate Finance LLC, as initial note A-3 holder, and Argentic Real Estate
Finance LLC, as initial note A-4 holder, relating to the Royal Palm Place loan
combination (filed as Exhibit 99.7 to the registrant's Current Report on Form
8-K filed on February 20, 2020 under SEC File No. 333-227446-09 and

 (99.8) Agreement Between Noteholders, dated as of February 20,
2020, by and among Cantor Commercial Real Estate Lending, L.P., as initial note
A-1 holder, Cantor Commercial Real Estate Lending, L.P., as initial note A-2
holder, Cantor Commercial Real Estate Lending, L.P., as initial note A-3
holder, Cantor Commercial Real Estate Lending, L.P., as initial note A-4
holder, and Cantor Commercial Real Estate Lending, L.P., as initial note A-5
holder, relating to the AVR Atlanta Airport Marriott Gateway loan combination
(filed as Exhibit 99.8 to the registrant's Current Report on Form 8-K filed on
February 20, 2020 under SEC File No. 333-227446-09 and incorporated by

 (99.9) Agreement Between Note Holders, dated as of December
19, 2019, 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, Morgan Stanley Bank,
N.A., as initial note A-3 holder, and Morgan Stanley Mortgage Capital Holdings
LLC, as initial agent, relating to the 1412 Broadway loan combination (filed as
Exhibit 99.9 to the registrant's Current Report on Form 8-K filed on February
20, 2020 under SEC File No. 333-227446-09 and incorporated by reference
herein).

 (99.10) Co-Lender Agreement, dated as of November 21, 2019, by
and between Wells Fargo Bank, National Association, as initial note A holder,
DBR Investments Co. Limited, as initial note A holder, Morgan Stanley Bank,
National Association, as initial note A holder, Wells Fargo Bank, National
Association, as initial note B-1 holder, DBR Investments Co. Limited, as
initial note B-2 holder, and Morgan Stanley Bank, National Association, as
initial note B-3 holder, relating to the 55 Hudson Yards loan combination (filed
as Exhibit 99.10 to the registrant's Current Report on Form 8-K filed on
February 20, 2020 under SEC File No. 333-227446-09 and incorporated by

 (99.11) Agreement Between Noteholders, dated as of January 3,
2020, by and among Grass River Real Estate Credit Partners Loan Funding, LLC,
as initial note A-1, A-2, A-3, A-4, A-5 and A-6 holder, and Cantor Commercial
Real Estate Lending, L.P., as initial note B holder, relating to the Sol y Luna
loan combination (filed as Exhibit 99.11 to the registrant's Current Report on
Form 8-K filed on February 20, 2020 under SEC File No. 333-227446-09 and

 (99.12) Co-Lender Agreement, dated as of January 24, 2020, by
and between Starwood Mortgage Capital LLC, as initial note A-1 holder, and
Starwood Mortgage Capital LLC, as initial note A-2 holder, relating to the
McCarthy Ranch loan combination (filed as Exhibit 99.12 to the registrant's
Current Report on Form 8-K filed on February 20, 2020 under SEC File No.
333-227446-09 and incorporated by reference herein).

 (99.13) Co-Lender Agreement, dated as of October 25, 2019, by
and among Starwood Mortgage Capital LLC, as initial note A-1 holder, Starwood
Mortgage Capital LLC, as initial note A-2 holder, and Starwood Mortgage Capital
LLC, as initial note A-3 holder, relating to the Alrig Portfolio loan
combination (filed as Exhibit 99.13 to the registrant's Current Report on Form
8-K filed on February 20, 2020 under SEC File No. 333-227446-09 and

 (99.14) Agreement Between Noteholders, dated as of February 20,
2020, by and among Cantor Commercial Real Estate Lending, L.P., as initial note
A-1 holder, and Cantor Commercial Real Estate Lending, L.P., as initial note
A-2 holder, relating to the Jewelry Building loan combination (filed as Exhibit
99.14 to the registrant's Current Report on Form 8-K filed on February 20, 2020
under SEC File No. 333-227446-09 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 Fargo
Delaware Trust Company, N.A., Computershare Trust Company, N.A., Computershare
Delaware Trust Company and Computershare Limited (filed as Exhibit 99.1 to the
registrant's Current Report on Form 8-K filed on November 5, 2021 under SEC
File No. 333-227446-09 and incorporated by reference herein).

 (b)
See (a) above.

 (c) Not
Applicable.

 SIGNATURES

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

 Morgan
Stanley Capital I Inc.

 (Depositor)

 By:
/s/ Jane Lam

 Jane
Lam, President

 (senior
officer in charge of securitization of the depositor)

 Date:
March 26, 2025


UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

 WASHINGTON,
D.C. 20549

 FORM 10 K

 (Mark one)

 /X/
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

 For the fiscal year ended
December 31, 2024

OR

 //
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

 For the transition period from
to

 Commission file number: 333-180779-18

 Central Index Key Number of the issuing entity:
0001646924

 Morgan Stanley Bank of America Merrill Lynch Trust
2015-C24

 (exact name of issuing entity as specified in its
charter)

 Central Index Key Number of the depositor: 0001547361

 Morgan Stanley Capital I Inc.

 (exact name of the depositor as specified in its
charter)

 Central Index Key Number of the sponsor: 0001541557

 Morgan Stanley Mortgage Capital Holdings LLC

 (exact names of the sponsors as specified in their
charters)

 Central Index Key Number of the sponsor: 0001102113

 Bank of America, National Association

 (exact names of the sponsors as specified in their
charters)

 Central Index Key Number of the sponsor: 0001548567

 CIBC Inc.

 (exact names of the sponsors as specified in their
charters)

 Central Index Key Number of the sponsor: 0001682532

 Starwood Mortgage Funding III LLC

 (exact names of the sponsors as specified in their
charters)

 New York

 38 3976040

 38 3976041

 38 3976042

 38 7143569

 (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

 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 the Act:

 NONE.

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

 Yes
___ No X

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

 Yes
___ No X

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

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.

 Yes
X No ___

by check mark whether the registrant has submitted electronically every
Interactive Data File required to be submitted pursuant to Rule 405 of
Regulation 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 such
files).

 Not

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

 Large
accelerated filer ___

Accelerated filer ___

Non-accelerated filer X (Do not check if a smaller reporting company)

Smaller reporting company ___

 Emerging
growth company ___

 If
an emerging growth company, indicate by check mark if the registrant has
elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of
the Ex change Act.

 Not

 Indicate by check mark whether the registrant has filed
a report on and attestation to its management's assessment of the effectiveness
of its internal control over financial 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 its audit report.

 Not

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

 registrant
included in the filing reflect the correction of an error to previously issued
financial statements.

 Not applicable.

by check mark whether any of those error corrections are restatements that
required a recovery analysis of incentive-based compensation received by any of
the registrant's executive officers during the relevant recovery period
pursuant to §240.10D-1(b).

 Not applicable.

by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Act).

 Yes
___ No X

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

 Not

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

 Not

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

 Not

 DOCUMENTS
INCORPORATED BY REFERENCE

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

 Not

 EXPLANATORY NOTES

 The MSBAM 2015-C24 mortgage pool includes the following mortgage
loans, each of which is serviced pursuant to a separate pooling and servicing
agreement (each, an "Outside Pooling and Servicing Agreement"):

 • the 32 Old Slip Fee mortgage loan, which
is serviced pursuant to the MSBAM 2015-C23 pooling and servicing agreement
attached hereto as Exhibit 4.2.

 Except as set forth below, each of the parties to each pooling and
servicing agreement listed in the Exhibit Index both (1) participates in the
servicing function for purposes of Item 1122 of Regulation AB and (2)
constitutes a servicer that meets the criteria in Item 1108(a)(2)(i) through
(iii) of Regulation AB for purposes of Item 1123 of Regulation AB:

 • The trustee under a pooling and servicing
agreement has a nominal role with respect to the mortgage pool securitized
pursuant to such pooling and servicing agreement. The trustee's only servicing
function is the contingent obligation to make certain advances if the master
servicer under such pooling and servicing agreement fails to do so, while all
other servicing functions are performed by other parties. The trustee under
each of the pooling and servicing agreements listed in the Exhibit Index has confirmed
to the registrant that it has not made any such contingent advances during the
reporting period, and consequently, each such trustee does not participate in
the servicing function for purposes of Item 1122 of Regulation AB, nor does it
perform the functions of a servicer for purposes of the definition of
"servicer" under Item 1101 of Regulation AB or for purposes of Item 1123 of
Regulation AB.

 • The certificate administrator under a
pooling and servicing agreement performs various payment administration
functions solely for the securitization governed by such pooling and servicing
agreement and the mortgage pool securitized pursuant to such pooling and
servicing agreement and does not have any obligations with respect to any other
transaction. Consequently, the certificate administrator under an Outside
Pooling and Servicing Agreement does not participate in the servicing function
for purposes of Item 1122 of Regulation AB, nor does it perform the functions
of a servicer for purposes of the definition of "servicer" under Item 1101 of
Regulation AB or for purposes of Item 1123 of Regulation AB.

 • The operating advisor under a pooling and
servicing agreement represents the interests of senior certificateholders in
the transaction governed by such pooling and servicing agreement and is
responsible for monitoring the performance of the special servicer under such
pooling and servicing agreement and producing certain reports to
certificateholders relating to the resolution of the mortgage pool securitized
pursuant to such pooling and servicing agreement. The operating advisor under a
pooling and servicing agreement does not have any obligations with respect to
any other transaction and is solely obligated to perform loan reporting
functions with respect to the securitization governed by such pooling and
servicing agreement. Consequently, the operating advisor under an Outside
Pooling and Servicing Agreement neither participates in the servicing function
for purposes of Item 1122 of Regulation AB nor performs the functions of a
servicer for purposes of the definition of "servicer" under Item 1101 of Regulation
AB or for purposes of Item 1123 of Regulation AB. In addition, while the
operating advisor under a pooling and servicing agreement has certain reporting
obligations in respect of the related mortgage pool, it has no obligation to
collect or disburse funds in respect of the mortgage pool or to administer any
of the underlying mortgage loans. Consequently, the operating advisor
under a pooling and servicing agreement participates in the servicing function
for purposes of Item 1122 of Regulation AB, but is not responsible for the
"management or collection of the pool assets or making allocations or
distributions to holders of the asset-backed securities" within the meaning of
"servicer" under Item 1101 of Regulation AB and does not perform the functions
of a servicer for purposes of Item 1123 of Regulation AB.

 • Wells Fargo Bank, National Association,
the excluded mortgage loan special servicer under the MSBAM 2015-C23 pooling
and servicing agreement, only has obligations in respect of certain mortgage
loans sold to the MSBAM 2015-C23 securitization trust to the extent the special
servicer thereunder is affiliated with the related borrowers. Wells Fargo Bank,
National Association, as excluded mortgage loan special servicer under the
MSBAM 2015-C23 pooling and servicing agreement, has no obligations with respect
to the 32 Old Slip Fee mortgage loan or any mortgage loan included in the MSBAM
2015-C24 mortgage pool and therefore does not constitute a reporting "servicing
function participant" for purposes of Item 1122 of Regulation AB, as specified
in the Instruction 3 to Item 1122, and does not constitute a reporting
"servicer" for purposes of Item 1123 of Regulation AB, as specified in the
Instruction to Item 1123.

 • In March 2016, LNR Securities Holdings,
LLC, the designated representative of the 535-545 Fifth Avenue controlling note
holder, appointed LNR Partners, LLC to act as special servicer for the 535-545
Fifth Avenue mortgage loan under the MSBAM 2015-C24 pooling and servicing
agreement.

 • LNR Partners, LLC is the current special
servicer under the MSBAM 2015-C24 pooling and servicing agreement. On September
28, 2022, Midland Loan Services, a Division of PNC Bank, National Association
was replaced as special servicer under the MSBAM 2015-C24 pooling and servicing
agreement and was succeeded by LNR Partners, LLC, other than with respect to
the Homewood Suites – Andover, MA, Holiday Inn Express – Medford, OR and
Courtyard - Monroe, LA mortgage loans. On December 6, 2022, Midland Loan Services,
a Division of PNC Bank, National Association was replaced as special servicer
for the Homewood Suites – Andover, MA mortgage loan under the MSBAM 2015-C24
pooling and servicing agreement and was succeeded by LNR Partners, LLC. Midland
Loan Services, a Division of PNC Bank, National Association remained the
special servicer under the MSBAM 2015-C24 pooling and servicing agreement
solely with respect to the Holiday Inn Express – Medford, OR mortgage loan
until final repayment of the mortgage loan, which occurred prior to December
2022.

 • Wells Fargo Bank, National Association is
the excluded mortgage loan special servicer under the MSBAM 2015-C24 pooling
and servicing agreement with respect to the Courtyard - Monroe, LA mortgage
loan. Because Wells Fargo Bank, National Association is not affiliated with any
sponsor and services only the Courtyard - Monroe, LA mortgage loan, which
constitutes less than 5% of the mortgage pool, Wells Fargo Bank, National
Association, as excluded mortgage loan special servicer under the MSBAM
2015-C24 pooling and servicing agreement, does not constitute a reporting
"servicing function participant" for purposes of Item 1122 of Regulation AB, as
specified in the Instruction 3 to Item 1122, and does not constitute a
reporting "servicer" for purposes of Item 1123 of Regulation AB, as specified
in the Instruction to Item 1123.

 In addition, each of the following parties engaged the services of
certain servicing function participants and sub-servicers for the reporting
period, as set forth below:

 • Wells Fargo Bank, National Association,
as master servicer, engaged the services of CoreLogic Solutions, LLC as a
servicing function participant in respect of the entire mortgage pool for the
reporting period.

 • Wells Fargo Bank, National Association,
as master servicer under the MSBAM 2015-C23 pooling and servicing agreement,
pursuant to which the 32 Old Slip Fee mortgage loan is serviced, engaged the
services of CoreLogic Solutions, LLC as a servicing function participant in
respect of the 32 Old Slip Fee mortgage loan for the reporting period.

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

 Item 1.

 Business.

 Item 1A.

 Risk Factors.

 Item 1B.

 Unresolved Staff
 Comments.

 None.

 Item 1C.

 Cybersecurity.

 Item 2.

 Properties.

 Item 3.

 Legal Proceedings.

 Item 4.

 Mine Safety Disclosures.

 Item 5.

 Market for Registrant's
 Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
 Securities.

 Item 6.

 [Reserved]

 Item 7.

 Management's Discussion
 and Analysis of Financial Condition and Results of Operations.

 Item 7A.

 Quantitative and
 Qualitative Disclosures About Market Risk.

 Item 8.

 Financial Statements and
 Supplementary Data.

 Item 9.

 Changes in and
 Disagreements With Accountants on Accounting and Financial Disclosure.

 Item 9A.

 Controls and Procedures.

 Item 9B.

 Other Information.

 None.

 Item 9C.

 Disclosure Regarding
 Foreign Jurisdictions that Prevent Inspections.

 None.

 Item 10.

 Directors, Executive
 Officers and Corporate Governance.

 Item 11.

 Executive Compensation.

 Item 12.

 Security Ownership of
 Certain Beneficial Owners and Management and Related Stockholder Matters.

 Item 13.

 Certain Relationships and
 Related Transactions, and Director Independence.

 Item 14.

 Principal Accountant Fees
 and Services.

 ADDITIONAL
DISCLOSURE ITEMS FOR REGULATION AB

 Item
1112(b) of Regulation AB, Significant Obligor Financial Information.

 The
mortgaged property securing the 535-545 Fifth Avenue loan constitutes a
significant obligor within the meaning of 1101(k)(2) of Regulation AB. The most
recent (unaudited) net operating income of the significant obligor for the 2024
calendar year is $26,518,484.

 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,
other than as follows:

 In
December 2014, Phoenix Light SF Limited (Phoenix Light) and certain related
entities filed a complaint in the United States District Court for the Southern
District of New York alleging claims against Wells Fargo Bank, N.A., in its
capacity as trustee for a number of residential mortgage-backed securities
(RMBS) trusts. Complaints raising similar allegations have been filed by
Commerzbank AG in the Southern 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 II LLC in New York state court. In each case, the
plaintiffs allege that Wells Fargo Bank, N.A., as trustee, caused losses to
investors, and plaintiffs assert causes of action based upon, among other things,
the trustee's alleged failure to notify and enforce repurchase obligations of
mortgage loan sellers for purported breaches of representations and warranties,
notify investors of alleged events of default, and abide by appropriate
standards of care following alleged events of default. In July 2022, the
district court dismissed Phoenix Light's claims and certain of the claims
asserted by Commerzbank AG, and subsequently entered judgment 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 to the United States Court of
Appeals for the Second Circuit. Phoenix Light dismissed its appeal in May 2023,
terminating its case. In October 2024, the Second Circuit denied Commerzbank
AG's appeal. In November 2023, Wells Fargo 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 by institutional investors and an action filed by the
National Credit Union Administration with similar allegations.

 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)(5) filing dated August 5, 2015.

 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.

 Item
15. Exhibits, Financial Statement Schedules.

 (a) Exhibits.

 (4.1) Pooling and Servicing Agreement, dated as of August 1,
2015, between Morgan Stanley Capital I Inc., as depositor, Wells Fargo Bank,
National Association, as master servicer, Midland Loan Services, a Division of
PNC Bank, National Association, as special servicer, Park Bridge Lender
Services LLC, as trust advisor, Wilmington Trust, National Association, as
trustee, and Wells Fargo Bank, National Association, as custodian, certificate
administrator, certificate registrar and authenticating agent (filed as Exhibit
4.1 to the registrant's Current Report on Form 8-K/A filed on October 15, 2015
under SEC File No. 333-180779-18 and incorporated by reference herein).

 (4.2)
 Pooling and Servicing Agreement, dated as of June 1,
2015, between Morgan Stanley Capital I Inc., as depositor, Wells Fargo Bank,
National Association, as master servicer, LNR Partners, LLC, as general special
servicer, Wells Fargo Bank, National Association, as excluded mortgage loan
special servicer, Pentalpha Surveillance LLC, as trust advisor, Wilmington
Trust, National Association, as trustee, and Wells Fargo Bank, National
Association, as custodian, certificate administrator, certificate registrar and
authenticating agent, relating to the MSBAM 2015-C23 securitization
transaction, pursuant to which the 32 Old Slip Fee Mortgage Loan is serviced
(filed as Exhibit 4.2 to the registrant's Current Report on Form 8-K filed on
August 5, 2015 under SEC File No. 333-180779-18 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
Certificate Administrator

 33.2
as Servicing Function Participant for the Certificate Administrator

 33.3
Custodian

 33.4
as Servicing Function Participant for the Custodian

 33.5
Servicer

 33.6
 LNR Partners, LLC, as Special Servicer

 33.7
 Park Bridge Lender Services LLC, as Operating
Advisor

 33.8
 CoreLogic Solutions, LLC, as Servicing Function
Participant

 33.9
Servicer under the MSBAM 2015-C23 securitization, pursuant to which the
1/1/24 to 12/31/24) (see Exhibit 33.5)

 33.10
 CoreLogic Solutions, LLC, as Servicing Function
Participant under the MSBAM 2015-C23 securitization, pursuant to which the
1/1/24 to 12/31/24) (see Exhibit 33.8)

 33.11
 LNR Partners, LLC, as Special Servicer under the
MSBAM 2015-C23 securitization, pursuant to which the following mortgage loans
were serviced by such party: 32 Old Slip Fee (from 1/1/24 to 12/31/24) (See
Exhibit 33.6)

 33.12
Custodian under the MSBAM 2015-C23 securitization, pursuant to which the
1/1/24 to 12/31/24) (see Exhibit 33.3)

 33.13
as Servicing Function Participant under the MSBAM 2015-C23 securitization,
pursuant to which the following mortgage loans were serviced by such party: 32
Old Slip Fee (from 1/1/24 to 12/31/24) (see Exhibit 33.4)

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

 34.1
Certificate Administrator

 34.2
as Servicing Function Participant for the Certificate Administrator

 34.3
Custodian

 34.4
as Servicing Function Participant for the Custodian

 34.5
Servicer

 34.6
 LNR Partners, LLC, as Special Servicer

 34.7
 Park Bridge Lender Services LLC, as Operating
Advisor

 34.8
 CoreLogic Solutions, LLC, as Servicing Function
Participant

 34.9
Servicer under the MSBAM 2015-C23 securitization, pursuant to which the
1/1/24 to 12/31/24) (see Exhibit 34.5)

 34.10
 CoreLogic Solutions, LLC, as Servicing Function
Participant under the MSBAM 2015-C23 securitization, pursuant to which the
1/1/24 to 12/31/24) (see Exhibit 34.8)

 34.11
 LNR Partners, LLC, as Special Servicer under the
MSBAM 2015-C23 securitization, pursuant to which the following mortgage loans
were serviced by such party: 32 Old Slip Fee (from 1/1/24 to 12/31/24) (See
Exhibit 34.6)

 34.12
Custodian under the MSBAM 2015-C23 securitization, pursuant to which the
1/1/24 to 12/31/24) (see Exhibit 34.3)

 34.13
as Servicing Function Participant under the MSBAM 2015-C23 securitization,
pursuant to which the following mortgage loans were serviced by such party: 32
Old Slip Fee (from 1/1/24 to 12/31/24) (see Exhibit 34.4)

 (35). Servicer
compliance statement.

 35.1
Certificate Administrator

 35.2
as Servicing Function Participant for the Certificate Administrator

 35.3
Custodian

 35.4
as Servicing Function Participant for the Custodian

 35.5
Servicer

 35.6
 LNR Partners, LLC, as Special Servicer

 35.7
Servicer under the MSBAM 2015-C23 securitization, pursuant to which the
1/1/24 to 12/31/24) (see Exhibit 35.5)

 35.8
 LNR Partners, LLC, as Special Servicer under the
MSBAM 2015-C23 securitization, pursuant to which the following mortgage loans
were serviced by such party: 32 Old Slip Fee (from 1/1/24 to 12/31/24) (see
Exhibit 35.6)

 35.9
Custodian under the MSBAM 2015-C23 securitization, pursuant to which the
1/1/24 to 12/31/24) (see Exhibit 35.3)

 35.10
as Servicing Function Participant under the MSBAM 2015-C23 securitization,
pursuant to which the following mortgage loans were serviced by such party: 32
Old Slip Fee (from 1/1/24 to 12/31/24) (see Exhibit 35.4)

 (99.1)
 Mortgage
Loan Purchase Agreement, dated July 24, 2015, 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/A filed on October 15, 2015 under
SEC File No. 333-180779-18 and incorporated by reference herein).

 (99.2)
 Mortgage
Loan Purchase Agreement, dated July 24, 2015, between Morgan Stanley Capital I
Inc. and Bank of America, National Association (filed as Exhibit 99.2 to the
registrant's Current Report on Form 8-K/A filed on October 15, 2015 under SEC
File No. 333-180779-18 and incorporated by reference herein).

 (99.3)
 Mortgage
Loan Purchase Agreement, dated July 24, 2015, between Morgan Stanley Capital I
Inc. and CIBC Inc. (filed as Exhibit 99.3 to the registrant's Current Report on
Form 8-K/A filed on October 15, 2015 under SEC File No. 333-180779-18 and
incorporated by reference herein).

 (99.4)
 Mortgage
Loan Purchase Agreement, dated July 24, 2015, between Morgan Stanley Capital I
Inc., Starwood Mortgage Funding III LLC and Starwood Mortgage Capital LLC
(filed as Exhibit 99.4 to the registrant's Current Report on Form 8-K/A filed
on October 15, 2015 under SEC File No. 333-180779-18 and incorporated by
reference herein).

 (99.5)
 Second
Amended and Restated Servicing Agreement, effective as of October 31, 2021,
between Wells Fargo Bank, N.A., Wells Fargo Delaware Trust Company, N.A.,
Computershare Trust Company, N.A., Computershare Delaware Trust Company and
Computershare Limited (filed as Exhibit 99.1 to the registrant's Current Report
on Form 8-K filed on November 5, 2021 under SEC File No. 333-180779-18 and
incorporated by reference herein).

 (b)
See (a) above.

 (c)
Not applicable.

 SIGNATURES

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

 Morgan
Stanley Capital I Inc.

 (Depositor)

 By:
/s/ Jane Lam

 Jane
Lam, President

 (senior
officer in charge of securitization of the depositor)

 Date:
March 26, 2025