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

 o 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 of the issuing entity: 333-172366-12

 Central Index Key Number of the issuing entity:
0001596958

 WFRBS Commercial Mortgage Trust
2014-LC14

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

 Central Index Key Number of the depositor: 0000850779

 Wells Fargo Commercial Mortgage
Securities, Inc.

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

 Central Index Key Number of the sponsor: 0000740906

 Wells Fargo Bank, National
Association

 Central Index Key Number of the sponsor: 0001541468

 Ladder Capital Finance LLC

 Central Index Key Number of the sponsor: 0001592182

 LMF Commercial, LLC

 (formerly known as Rialto
Mortgage Finance, LLC)

 Central Index Key Number of the sponsor: 0000729153

 NatWest Markets Plc

 (formerly known as The
Royal Bank of Scotland plc)

 Central Index Key Number of the sponsor: 0001541615

 RBS Financial Products Inc.

 New York

 (State or other jurisdiction of

 incorporation or organization of

 the issuing entity)

 38-3925004

 38-3925005

 38-3925006

 38-7111568

 (I.R.S. Employer

 Identification Numbers)

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

 Wells Fargo Bank, National Association

 as Certificate Administrator

 9062 Old Annapolis Road

 Columbia, MD

 (Address of principal
executive offices of the issuing entity)

 21045

 (Zip Code)

 Registrant's telephone number,
including area code:

 (704) 374-6161

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

 Title of each class

 Trading Symbol(s)

 Name of each exchange on which registered

 None

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

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

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

 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 o
No

 Indicate 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).

 Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, a non-accelerated filer, a smaller
reporting company, or an 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 o
Accelerated
filer
o

 Non-accelerated
filer

Smaller reporting
company
o

Emerging growth
company
o

 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 Exchange Act. o

 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. o

 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. o

 Indicate 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). o

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

 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.

 Indicate 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. o
Yes o
No

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

 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).

 EXPLANATORY NOTES

 The PennCap Portfolio Mortgage Loan, which
constituted approximately 7.2% of the asset pool of the issuing entity as of
its cut-off date, is an asset of the issuing entity and is part of a loan
combination that includes the PennCap Portfolio Mortgage Loan and one other pari
passu loan, which is not an asset of the issuing entity. This loan
combination, including the PennCap Portfolio Mortgage Loan, is being serviced
and administered pursuant to the Pooling and Servicing Agreement, which is
incorporated by reference as Exhibit 4.1 to this Annual Report on Form 10-K.

 The AmericasMart Mortgage Loan,
previously an asset of the issuing entity, was not an asset of the issuing
entity during the reporting period and is omitted from this Annual Report on
Form 10-K and will be omitted from subsequent Annual Reports on Form 10-K.

 The master servicer of a pooling
and servicing agreement or trust and servicing agreement also functions as the
primary servicer of the related mortgage loans serviced and administered
pursuant to such agreement unless a separate primary servicer is identified
herein. If this report does not identify a separate primary servicer, the
servicer compliance statement provided by the master servicer under any such
agreement also encompasses its responsibilities as primary servicer of the
related mortgage loan or mortgage loans.

 Deutsche Bank Trust Company
Americas acts as trustee of the mortgage loans serviced under the Pooling
and Servicing Agreement. Pursuant to the Pooling and Servicing Agreement,
the trustee is required to provide an assessment of compliance with applicable
servicing criteria solely with respect to Item 1122(d)(2)(iii) of Regulation AB
(regarding advances of funds or guarantees regarding collections, cash flows or
distributions, and any interest or other fees charged for such advances, are
made, reviewed and approved as specified in the transaction agreements).
However, during the reporting period, the trustee did not perform any servicing
function with respect to the servicing criteria specified in Item
1122(d)(2)(iii) of Regulation AB. The master servicer or the special
servicer, to the extent required, performed the servicing function identified
with respect to Item 1122(d)(2)(iii) of Regulation AB, and each such party
included Item 1122(d)(2)(iii) of Regulation AB in the assessment of compliance with
applicable servicing criteria and accountant's attestation report for the
subject transaction. As a result, this Annual Report on Form 10-K does
not include an assessment of compliance with applicable servicing criteria of
the trustee. One or more other servicers of the mortgage loans serviced
under the Pooling and Servicing Agreement have delivered one or more
assessments of compliance with respect to Item 1122(d)(2)(iii) of Regulation
AB.

 This Annual Report on Form 10-K
includes assessments of compliance with applicable servicing criteria and
accountants' attestation reports from CoreLogic Solutions, LLC. This
entity was engaged by the master servicer under the Pooling and Servicing
Agreement to remit tax payments received from the escrow accounts of borrowers
to local taxing authorities, to report tax amounts due, to verify tax parcel
information, and to verify non-escrow tax payments. These servicing functions
are included within the servicing criteria set forth in Item 1122(d)(4)(xi) of
Regulation AB. Therefore, under the principles-based definition of
"servicer" set forth in Item 1101(j) of Regulation AB that looks to the
functions that an entity performs, this vendor is a "servicer" for the purposes
of Item 1122 of Regulation AB. See Compliance and Disclosure
Interpretations, Section 301.01 (Item 1101(j)).

 This Annual
Report on Form 10-K includes an assessment of compliance with applicable
servicing criteria, accountants' attestation report and servicer compliance
statement from Computershare Trust Company, National Association (" CTCNA ").
CTCNA was engaged by Wells Fargo Bank, National Association ("Wells Fargo"), in
its capacity as certificate administrator and custodian, to perform certain
specified servicing functions identified in the assessment of compliance with
applicable servicing criteria and accountants' attestation reports. Wells
Fargo engaged CTCNA in connection with the sale of Wells Fargo's corporate
trust services business to CTCNA and its affiliates. Further, under the
principles-based definition of "servicer" set forth in Item 1101(j) of
Regulation AB that looks to the functions that an entity performs, this party
is a "servicer" for the purposes of Item 1123 of Regulation AB. See
Compliance and Disclosure Interpretations, Section 301.01 (Item 1101(j)).

 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.

 No single obligor represents 10% or more of the pool assets
held by the issuing entity.

 Item 1114(b)(2) of Regulation AB, Significant Enhancement
Provider Financial Information.

 No entity or group of affiliated entities provides any external credit
enhancement or other support for the certificates within this transaction 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 or other support for the certificates within this
transaction as described under Item 1115 of Regulation AB.

 Item 1117 of Regulation AB, Legal Proceedings.

 The
registrant knows of no material pending legal proceeding involving the trust or
any party related to the trust, other than routine litigation incidental to the
duties of those respective parties, and the following, with respect to Deutsche
Bank Trust Company Americas, as Trustee, and Wells Fargo Bank, National
Association, as Certificate Administrator and Custodian.

 In
2014 and 2015, several investors sued several trustees of residential
mortgage-backed securities ("RMBS") trusts, including Deutsche Bank Trust
Company Americas ("DBTCA"), concerning the trustees' administration of RMBS
trusts. These cases generally alleged that the RMBS trustees failed to
perform purported duties, as trustees for private-label RMBS trusts, to enforce
breaches of representations and warranties as to mortgage loans held by the
trusts and to enforce breaches by servicers of their mortgage loan servicing
obligations for the trusts. Investors have sued DBTCA in six of these
cases. DBTCA has settled two cases brought by funds managed by Blackrock
Advisors, LLC, PIMCO-Advisors, L.P. and others; and obtained summary judgment
in one case, brought by certain special purpose entities including Phoenix
Light SF Limited. In addition, the two cases described below remain
active.

 On
November 30, 2017, DBTCA was added as a defendant to a case brought by
Commerzbank AG ("Commerzbank") in the U.S. District Court for the Southern
District of New York, in which Commerzbank previously alleged incorrectly that
Deutsche Bank National Trust Company ("DBNTC") served as trustee for all 50 of
the trusts at issue. On November 30, 2017, Commerzbank filed a second
amended complaint that names DBTCA as a defendant in addition to DBNTC.
DBTCA serves as trustee for 1 of the 50 trusts at issue. DBNTC serves as
trustee for the other 49 trusts at issue. Commerzbank's second amended
complaint brings claims for violation of the U.S. Trust Indenture Act of 1939
("TIA"); breach of contract; breach of fiduciary duty; negligence; violation of
the New York Streit Act ("Streit Act"); and breach of the covenant of good
faith. However, in the second amended complaint, Commerzbank acknowledges
that, before DBTCA was added to the case, the court dismissed Commerzbank's TIA
claims for the trusts governed by pooling and servicing agreements, as well as
its Streit Act claims and claims for breach of the covenant of good faith, and
Commerzbank only includes these claims to preserve any rights on appeal.
The second amended complaint alleges that DBNTC and DBTCA caused Commerzbank to
suffer "hundreds of millions of dollars in losses," but the complaint does not
include a demand for money damages in a sum certain. On January 29, 2018,
DBNTC and DBTCA filed an answer to the second amended complaint. On
December 7, 2018, DBNTC and DBTCA filed a motion for summary judgment.
Also on December 7, 2018, Commerzbank, jointly with the Phoenix Light
plaintiffs, filed a motion for partial summary judgment. On February 8,
2022, the court issued an order in which it granted in part DBNTC and DBTCA's
motion for summary judgment and denied plaintiffs' motion for partial summary
judgment. As a result of that order, many of plaintiffs' claims and
theories were dismissed with prejudice. On September 26, 2024, DBNTC and
DBTCA filed a motion for summary judgment, which has been fully briefed.

 On
December 30, 2015, IKB International, S.A. in Liquidation and IKB Deutsche
Industriebank A.G. (collectively, "IKB"), as an investor in 37 RMBS trusts,
filed a summons with notice in the Supreme Court of the State of New York, New
York County, against DBNTC and DBTCA as trustees of the trusts. On May 27,
2016, IKB served its complaint asserting claims for breach of contract, breach
of fiduciary duty, breach of duty to avoid conflicts of interest, violation of
the Streit Act, violation of the TIA, violation of Regulation AB, and violation
of Section 9 of the Uniform Commercial Code. IKB alleges that DBNTC and DBTCA
are liable for over U.S. $268 million in damages. On October 5, 2016, DBNTC and
DBTCA, together with several other trustees defending lawsuits by IKB, filed a
joint motion to dismiss. On January 6, 2017, IKB filed a notice of
discontinuance, voluntarily dismissing with prejudice all claims as to three
trusts. On June 20, 2017, the parties filed a stipulation, voluntarily
dismissing with prejudice all claims as to four additional trusts. On January
27, 2021, the court granted in part and denied in part DBNTC and DBTCA's motion
to dismiss. The court granted the motion to dismiss with respect to IKB's
claims for violations of the Streit Act, Regulation AB, and Section 9 of the
Uniform Commercial Code, as well as certain aspects of IKB's claims for breach
of contract, breach of fiduciary duty, and violation of the TIA. The court
denied the remainder of the motion to dismiss. IKB's remaining claims for breach
of contract, breach of fiduciary duty, breach of duty to avoid conflicts of
interest, and violation of the TIA will proceed. On May 10, 2021, DBNTC and
DBTCA filed a notice of appeal with the New York Supreme Court Appellate
Division, First Department, regarding certain aspects of the court's order on
the motion to dismiss. On May 20, 2021, IKB filed a notice of cross
appeal with respect to other aspects of that order. On August 30, 2022, the New
York Supreme Court, Appellate Division, First Department affirmed in part and
reversed in part the court's order on the motion to dismiss. After DBNTC
and DBTCA appealed the First Department's decision, on June 15, 2023, the New
York Court of Appeals reversed the First Department's decision in part, dismissing
certain additional contract claims, as well as IKB's claims for breach of
fiduciary duty and breach of duty to avoid conflicts of interest. On June
2, 2021, IKB filed a motion for re-argument regarding certain aspects of the
court's order on the motion to dismiss, which the court denied on August 3,
2021. On May 13, 2021, DBNTC and DBTCA filed an answer to the
complaint. On October 28, 2021, the parties filed a stipulation,
voluntarily dismissing with prejudice all claims as to seven additional
trusts. On December 29, 2021, the parties filed a stipulation,
voluntarily dismissing with prejudice all claims as to one additional
trust. On April 22, 2022, the parties filed a stipulation, voluntarily
dismissing with prejudice all claims as to 17 certificates at issue, including
all claims as to 5 trusts. On February 28, 2023, the parties filed a
stipulation, voluntarily dismissing with prejudice all claims as to two trusts,
leaving 15 trusts at issue. On November 21, 2023, the parties filed a stipulation,
voluntarily dismissing with prejudice all claims as to three trusts, leaving 12
trusts at issue. On November 14, 2024, DBNTC and DBTCA filed a motion for
summary judgment. Also on November 14, 2024, IKB filed a motion for
partial summary judgment. Those motions are being briefed.

 It is
DBTCA's belief that it has no pending legal proceedings (including, based on
DBTCA's current evaluation, the litigation disclosed in the foregoing
paragraphs) that would materially affect its ability to perform its duties
under the related servicing agreement for this transaction.

 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 previously
provided in a prospectus supplement of the Registrant relating to the issuing
entity filed on February 18, 2014 pursuant to Rule 424(b)(5).

 Item 1122 of Regulation AB, Compliance with Applicable
Servicing Criteria.

 The reports on assessments of compliance with the servicing
criteria for asset-backed securities and related attestation reports on such
assessments of compliance with respect to the mortgage loans are attached
hereto under Item 15 to this Annual Report on Form 10-K. Attached as Schedule
III to the Pooling and Servicing Agreement incorporated by reference as Exhibit
4.1 to this Annual Report on Form 10-K is a chart identifying the entities
participating in a servicing function for the transaction responsible for each
applicable servicing criteria set forth in Item 1122(d).

 Item 1123 of Regulation AB, Servicer Compliance Statement.

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

 The servicer compliance statements for the twelve months
ended December 31, 2022, furnished pursuant to Item 1123 of Regulation AB by
Wells Fargo Bank, National Association, as certificate administrator, and
Computershare Trust Company, N.A., as servicing function participant, discloses
that the following material instance of noncompliance occurred:

 Computershare Trust Company, N.A. made a distribution on
January 18, 2024 (the "January Distribution") to the
certificateholders of Wells Fargo Commercial Mortgage Securities, Inc.,
Commercial Mortgage Pass-Through Certificates, Series 2014-LC14. The January
Distribution contained an underpayment of $426,241 to class G with a
corresponding aggregate overpayment to class X-A, class X-B and class X-C. The
payment error resulted from an administrative error by the Certificate
Administrator in processing an interest adjustment in the servicer's report.
The impact of the payment error was limited to the January Distribution. On
March 13, 2024, Computershare revised the January Distribution to correct the
payment error, and on April 25, 2024, funds recovered from the overpaid classes
of certificates were distributed to the underpaid class of certificates. In
addition, on March 13, 2024, Computershare revised the distribution date
statement for the distribution in February to reflect the updates to the
January Distribution. In an effort to prevent similar payment errors,
Computershare has incorporated enhanced control procedures related to
processing interest adjustments.

 Item 15. Exhibits and Financial Statement Schedules.

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

 (1) Not applicable

 (2) Not applicable

 (3) See below

 4.1
 Pooling
and Servicing Agreement, dated as of February 1, 2014, by and among Wells Fargo
Commercial Mortgage Securities, Inc., as Depositor, Wells Fargo Bank, National
Association, as Master Servicer, Rialto Capital Advisors, LLC, as Special
Servicer, TriMont Real Estate Advisors, Inc., as Trust Advisor, Wells Fargo
Bank, National Association, as Certificate Administrator, as Tax Administrator
and as Custodian, and Deutsche Bank Trust Company Americas, as Trustee (filed
as Exhibit 4.1 to the registrant's Current Report on Form 8-K filed on February
20, 2014 under Commission File No. 333-172366-12 and incorporated by reference
herein).

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

Reports on assessment of compliance with servicing criteria for asset-backed
securities.

 33.1
 Wells Fargo Bank, National Association, as Master
Servicer

 33.2

 33.3
Deutsche Bank Trust Company Americas, as Trustee (Omitted. See Explanatory
Notes.)

 33.4
Certificate Administrator

 33.5
Custodian

 33.6
 BellOak, LLC, as Trust Advisor

 33.7
 CoreLogic Solutions, LLC, as Servicing Function
Participant

 33.8
as Servicing Function Participant for the Certificate Administrator

 33.9
as Servicing Function Participant for the Custodian

 33.10
 Wells Fargo Bank, National Association, as Primary
Servicer of the PennCap Portfolio Mortgage Loan (see Exhibit 33.1)

 33.11
of the PennCap Portfolio Mortgage Loan (see Exhibit 33.2)

 33.12
Deutsche Bank Trust Company Americas, as Trustee of the PennCap Portfolio
Mortgage Loan (Omitted. See Explanatory Notes.)

 33.13
Custodian of the PennCap Portfolio Mortgage Loan (see Exhibit 33.5)

 33.14
 BellOak, LLC, as Trust Advisor of the PennCap
Portfolio Mortgage Loan (see Exhibit 33.6)

 33.15
 CoreLogic Solutions, LLC, as Servicing Function
Participant of the PennCap Portfolio Mortgage Loan (see Exhibit 33.7)

 33.16
as Servicing Function Participant for the Custodian (see Exhibit 33.9)

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

 34.1
 Wells Fargo Bank, National Association, as Master
Servicer

 34.2

 34.3
Deutsche Bank Trust Company Americas, as Trustee (Omitted. See Explanatory
Notes.)

 34.4
Certificate Administrator

 34.5
Custodian

 34.6
 BellOak, LLC, as Trust Advisor

 34.7
 CoreLogic Solutions, LLC, as Servicing Function
Participant

 34.8
as Servicing Function Participant for the Certificate Administrator

 34.9
as Servicing Function Participant for the Custodian

 34.10
 Wells Fargo Bank, National Association, as Primary
Servicer of the PennCap Portfolio Mortgage Loan (see Exhibit 34.1)

 34.11
of the PennCap Portfolio Mortgage Loan (see Exhibit 34.2)

 34.12
Deutsche Bank Trust Company Americas, as Trustee of the PennCap Portfolio
Mortgage Loan (Omitted. See Explanatory Notes.)

 34.13
Custodian of the PennCap Portfolio Mortgage Loan (see Exhibit 34.5)

 34.14
 BellOak, LLC, as Trust Advisor of the PennCap
Portfolio Mortgage Loan (see Exhibit 34.6)

 34.15
 CoreLogic Solutions, LLC, as Servicing Function
Participant of the PennCap Portfolio Mortgage Loan (see Exhibit 34.7)

 34.16
as Servicing Function Participant for the Custodian (see Exhibit 34.9)

Servicer compliance statements.

 35.1
 Wells Fargo Bank, National Association, as Master
Servicer

 35.2

 35.3
Certificate Administrator

 35.4
as Servicing Function Participant for the Certificate Administrator

 35.5
 Wells Fargo Bank, National Association, as Primary
Servicer of the PennCap Portfolio Mortgage Loan (see Exhibit 35.1)

 35.6
of the PennCap Portfolio Mortgage Loan (see Exhibit 35.2)

 99.1
Loan Purchase Agreement, dated as of February 4, 2014, between Wells Fargo
Commercial Mortgage Securities, Inc. and Wells Fargo Bank, National Association
(filed as Exhibit 99.1 to the registrant's Current Report on Form 8-K filed on
February 20, 2014 under Commission File No. 333-172366-12 and incorporated by
reference herein)

 99.2
Loan Purchase Agreement, dated as of February 4, 2014, among Wells Fargo
Commercial Mortgage Securities, Inc., Ladder Capital Finance LLC and Ladder
Capital Finance Holdings LLLP (filed as Exhibit 99.3 to the registrant's
Current Report on Form 8-K filed on February 20, 2014 under Commission File No.
333-172366-12 and incorporated by reference herein)

 99.3
Loan Purchase Agreement, dated as of February 4, 2014, between Wells Fargo
Commercial Mortgage Securities, Inc. and Rialto Mortgage Finance, LLC (filed as
Exhibit 99.5 to the registrant's Current Report on Form 8-K filed on February
20, 2014 under Commission File No. 333-172366-12 and incorporated by reference
herein)

 99.4
Loan Purchase Agreement, dated as of February 4, 2014, between Wells Fargo
Commercial Mortgage Securities, Inc. and The Royal Bank of Scotland plc (filed
as Exhibit 99.2 to the registrant's Current Report on Form 8-K filed on
February 20, 2014 under Commission File No. 333-172366-12 and incorporated by
reference herein)

 99.5
Loan Purchase Agreement, dated as of February 4, 2014, between Wells Fargo
Commercial Mortgage Securities, Inc. and RBS Financial Products Inc. (filed as
Exhibit 99.4 to the registrant's Current Report on Form 8-K filed on February
20, 2014 under Commission File No. 333-172366-12 and incorporated by reference
herein)

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

 (c) Not Applicable.

 SIGNATURES

 Pursuant to the requirements of Section 13 or 15(d) of 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.

 Wells Fargo Commercial Mortgage
Securities, Inc.

(Depositor)

 /s/ Anthony Sfarra

 Anthony
Sfarra, President

 (senior officer in charge of securitization
of the depositor)

 Date: March 11, 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

 o 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 of the issuing entity: 333-172366-13

 Central Index Key Number of the issuing entity:
0001603578

 WFRBS Commercial Mortgage Trust
2014-C20

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

 Central Index Key Number of the depositor: 0000850779

 Wells Fargo Commercial Mortgage
Securities, Inc.

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

 Central Index Key Number of the sponsor: 0000740906

 Wells Fargo Bank, National
Association

 Central Index Key Number of the sponsor: 0000729153

 NatWest Markets Plc

 (formerly known as The
Royal Bank of Scotland plc)

 Central Index Key Number of the sponsor: 0001541615

 RBS Financial Products Inc.

 Central Index Key Number of the sponsor: 0001592182

 LMF Commercial, LLC

 (formerly known as Rialto
Mortgage Finance, LLC)

 Central Index Key Number of the sponsor: 0001541214

 C-III Commercial Mortgage LLC

 Central Index Key Number of the sponsor: 0001555501

 Liberty Island Group I LLC

 Central Index Key Number of the sponsor: 0001577313

 National Cooperative Bank, N.A.

 (formerly known as NCB,
FSB)

 Central Index Key Number of the sponsor: 0001542105

 Basis Real Estate Capital II, LLC

 New York

 (State or other jurisdiction of

 incorporation or organization of

 the issuing entity)

 38-3926125

 38-3926126

 38-3926127

 38-7111592

 (I.R.S. Employer

 Identification Numbers)

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

 Wells Fargo Bank, National Association

 as Certificate Administrator

 9062 Old Annapolis Road

 Columbia, MD

 (Address of principal
executive offices of the issuing entity)

 21045

 (Zip Code)

 Registrant's telephone number,
including area code:

 (704) 374-6161

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

 Title of each class

 Trading Symbol(s)

 Name of each exchange on which registered

 None

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

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

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

 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 o No

 Indicate 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).

 Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, a non-accelerated filer, a smaller
reporting company, or an 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 o
Accelerated
filer
o

 Non-accelerated
filer

Smaller reporting
company
o

Emerging growth
company
o

 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 Exchange Act. o

 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. o

 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. o

 Indicate 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). o

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

 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.

 Indicate 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. o
Yes o
No

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

 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).

 EXPLANATORY NOTES

 The Woodbridge Center Mortgage Loan, which
constituted approximately 10.4% of the asset pool of the issuing entity as of
its cut-off date, is an asset of the issuing entity and is part of a loan
combination that includes the Woodbridge Center Mortgage Loan and one other pari
passu loan, which is not an asset of the issuing entity. This loan
combination, including the Woodbridge Center Mortgage Loan, is being serviced
and administered pursuant to the Pooling and Servicing Agreement, which is
incorporated by reference as Exhibit 4 to this Annual Report on Form 10-K. The
Brunswick Square Mortgage Loan, previously an asset of the issuing entity being
serviced under the Pooling and Servicing Agreement, was not an asset of the
issuing entity during the reporting period and is omitted from this Annual
Report on Form 10-K and will be omitted from subsequent Annual Reports on Form
10-K.

 The master servicer of a pooling
and servicing agreement or trust and servicing agreement also functions as the
primary servicer of the related mortgage loans serviced and administered
pursuant to such agreement unless a separate primary servicer is identified
herein. If this report does not identify a separate primary servicer, the
servicer compliance statement provided by the master servicer under any such
agreement also encompasses its responsibilities as primary servicer of the
related mortgage loan or mortgage loans.

 National Cooperative Bank, N.A.
(f/k/a NCB, FSB), the NCB master servicer and co-op special servicer, is also a
sponsor. Therefore, the Depositor included in this Annual Report on Form
10-K servicer compliance statements for National Cooperative Bank, N.A. (f/k/a
NCB, FSB) pursuant to Item 1123. Because National Cooperative Bank, N.A.
(f/k/a NCB, FSB) is servicing less than 5% of the pool assets, assessments of
compliance with applicable servicing criteria and accountants' attestation
reports pursuant to Item 1122 of Regulation AB are not required by Regulation
AB. As the attestations made in the servicer compliance statements
required by Item 1123 relate to a review of the servicing activities of
National Cooperative Bank, N.A. (f/k/a NCB, FSB) under the applicable servicing
agreement, and that review was conducted in conjunction with the servicer's
preparation of its assessment of compliance with applicable servicing criteria,
that assessment of compliance with applicable servicing criteria and the
accompanying accountants' attestation report are included in this Annual Report
on Form 10-K for the sake of completeness.

 Wilmington Trust, National
Association acts as trustee of the mortgage loans serviced under the
Pooling and Servicing Agreement. Pursuant to the Pooling and Servicing
Agreement, the trustee is required to provide an assessment of compliance with
applicable servicing criteria solely with respect to Item 1122(d)(2)(iii) of
Regulation AB (regarding advances of funds or guarantees regarding collections,
cash flows or distributions, and any interest or other fees charged for such
advances, are made, reviewed and approved as specified in the transaction
agreements). However, during the reporting period, the trustee did not perform
any servicing function with respect to the servicing criteria specified in Item
1122(d)(2)(iii) of Regulation AB. The general master servicer, the NCB
master servicer, the general special servicer or the co-op special servicer, to
the extent required, performed the servicing function identified with respect
to Item 1122(d)(2)(iii) of Regulation AB, and each such party included Item 1122(d)(2)(iii)
of Regulation AB in the assessment of compliance with applicable servicing
criteria and accountant's attestation report for the subject transaction.
As a result, this Annual Report on Form 10-K does not include an assessment of
compliance with applicable servicing criteria of the trustee. One or more other
servicers of the mortgage loans serviced under the Pooling and Servicing
Agreement have delivered one or more assessments of compliance with respect to
Item 1122(d)(2)(iii) of Regulation AB.

 This Annual
Report on Form 10-K includes assessments of compliance with applicable
servicing criteria and accountants' attestation reports from CoreLogic
Solutions, LLC. This entity was engaged by the general master servicer under
the Pooling and Servicing Agreement (except with respect to those mortgage
loans for which PGIM Real Estate Loan Services, Inc. (formerly known as
Prudential Asset Resources, Inc.) is the primary servicer) and the primary
servicer under the Pooling and Servicing Agreement to remit tax payments
received from the escrow accounts of borrowers to local taxing authorities, to
report tax amounts due, to verify tax parcel information, and to verify
non-escrow tax payments. With respect to the reports provided as servicing
function participant on behalf of Wells Fargo Bank, National Association, these
servicing functions are included within the servicing criteria set forth in
Item 1122(d)(4)(xi) of Regulation AB. With respect to the reports provided
as servicing function participant on behalf of PGIM Real Estate Loan Services,
Inc. (formerly known as Prudential Asset Resources, Inc.), these servicing
functions are included within the servicing criteria set forth in Items
1122(d)(2)(ii), 1122(d)(2)(vi), 1122(d)(4)(xi) and 1122(d)(4)(xii) of
Regulation AB. Therefore, under the principles-based definition of "servicer"
set forth in Item 1101(j) of Regulation AB that looks to the functions that an
entity performs, this vendor is a "servicer" for the purposes of Item 1122 of
Regulation AB. See Compliance and Disclosure Interpretations, Section
301.01 (Item 1101(j)).

 This Annual Report on Form 10-K
includes an assessment of compliance with applicable servicing criteria,
accountants' attestation report and servicer compliance statement from
Computershare Trust Company, National Association (" CTCNA "). CTCNA
was engaged by Wells Fargo Bank, National Association (" Wells Fargo "),
in its capacity as certificate administrator and custodian, to perform certain
specified servicing functions identified in the assessment of compliance with
applicable servicing criteria and accountants' attestation reports. Wells Fargo
engaged CTCNA in connection with the sale of Wells Fargo's corporate trust
services business to CTCNA and its affiliates. Further, under the
principles-based definition of "servicer" set forth in Item 1101(j) of
Regulation AB that looks to the functions that an entity performs, this party
is a "servicer" for the purposes of Item 1123 of Regulation AB. See
Compliance and Disclosure Interpretations, Section 301.01 (Item 1101(j)).

 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 Woodbridge Center Mortgage
Loan, which represented 10% or more of the pool assets held by the issuing
entity as of its cut-off date, is no longer a pool asset.

 Item 1114(b)(2) of Regulation AB, Significant Enhancement
Provider Financial Information.

 No entity or group of affiliated entities provides any external credit
enhancement or other support for the certificates within this transaction 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 or other support for the certificates within this
transaction as described under Item 1115 of Regulation AB.

 Item 1117 of Regulation AB, Legal Proceedings.

 The registrant knows of no material pending legal proceeding
involving the trust or any party related to the trust, other than routine
litigation incidental to the duties of those respective parties, and the
following, with respect to Wells Fargo Bank, National Association, as
Certificate Administrator and Custodian.

 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 previously
provided in a prospectus supplement of the Registrant relating to the issuing
entity filed on May 13, 2014 pursuant to Rule 424(b)(5).

 Item 1122 of Regulation AB, Compliance with Applicable
Servicing Criteria.

 The reports on assessments of compliance with the servicing
criteria for asset-backed securities and related attestation reports on such
assessments of compliance with respect to the mortgage loans are attached
hereto under Item 15 to this Annual Report on Form 10-K. Attached as Schedule
III to the Pooling and Servicing Agreement incorporated by reference as Exhibit
4 to this Annual Report on Form 10-K is a chart identifying the entities
participating in a servicing function for the transaction responsible for each
applicable servicing criteria set forth in Item 1122(d).

 Item 1123 of Regulation AB, Servicer Compliance Statement.

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

 Item 15. Exhibits and Financial Statement Schedules.

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

 (1) Not applicable

 (2) Not applicable

 (3) See below

 Pooling
and Servicing Agreement, dated as of May 1, 2014, by and among Wells Fargo
Commercial Mortgage Securities, Inc., as Depositor, Wells Fargo Bank, National
Association, as General Master Servicer, Rialto Capital Advisors, LLC, as
General Special Servicer, NCB, FSB, as NCB Master Servicer, NCB, FSB, as Co-op
Special Servicer, Pentalpha Surveillance LLC, as Trust Advisor, Wells Fargo
Bank, National Association, as Certificate Administrator, as Tax Administrator
and as Custodian, and Wilmington Trust, National Association, as Trustee (filed
as Exhibit 4.1 to the registrant's Current Report on Form 8-K filed on May 13,
herein).

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

Reports on assessment of compliance with servicing criteria for asset-backed
securities.

 33.1
 Wells Fargo Bank, National Association, as General
Master Servicer

 33.2
as NCB Master Servicer

 33.3
 Rialto Capital Advisors, LLC, as General Special
Servicer

 33.4
as Co-op Special Servicer (see Exhibit 33.2)

 33.5
Wilmington Trust, National Association, as Trustee (Omitted. See Explanatory
Notes.)

 33.6
Certificate Administrator

 33.7
Custodian

 33.8
 Pentalpha Surveillance LLC, as Trust Advisor

 33.9
Participant

 33.10
 PGIM Real Estate Loan Services, Inc. (formerly
known as Prudential Asset Resources, Inc.), as Primary Servicer

 33.11
Participant for PGIM Real Estate Loan Services, Inc. (formerly known as
Prudential Asset Resources, Inc.) (see Exhibit 33.9)

 33.12
as Servicing Function Participant for the Certificate Administrator

 33.13
as Servicing Function Participant for the Custodian

 33.14
 Wells Fargo Bank, National Association, as Primary
Servicer of the Woodbridge Center Mortgage Loan (see Exhibit 33.1)

 33.15
 Rialto Capital Advisors, LLC, as Special Servicer
of the Woodbridge Center Mortgage Loan (see Exhibit 33.3)

 33.16
Wilmington Trust, National Association, as Trustee of the Woodbridge Center
Mortgage Loan (Omitted. See Explanatory Notes.)

 33.17
Custodian of the Woodbridge Center Mortgage Loan (see Exhibit 33.7)

 33.18
 Pentalpha Surveillance LLC, as Trust Advisor of the
Woodbridge Center Mortgage Loan (see Exhibit 33.8)

 33.19
Participant of the Woodbridge Center Mortgage Loan (see Exhibit 33.9)

 33.20
as Servicing Function Participant for the Custodian (see Exhibit 33.13)

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

 34.1
 Wells Fargo Bank, National Association, as General
Master Servicer

 34.2
as NCB Master Servicer

 34.3
 Rialto Capital Advisors, LLC, as General Special
Servicer

 34.4
as Co-op Special Servicer (see Exhibit 34.2)

 34.5
Wilmington Trust, National Association, as Trustee (Omitted. See Explanatory
Notes.)

 34.6
Certificate Administrator

 34.7
Custodian

 34.8
 Pentalpha Surveillance LLC, as Trust Advisor

 34.9
Participant

 34.10
 PGIM Real Estate Loan Services, Inc. (formerly
known as Prudential Asset Resources, Inc.), as Primary Servicer

 34.11
Participant for PGIM Real Estate Loan Services, Inc. (formerly known as
Prudential Asset Resources, Inc.) (see Exhibit 34.9)

 34.12
as Servicing Function Participant for the Certificate Administrator

 34.13
as Servicing Function Participant for the Custodian

 34.14
 Wells Fargo Bank, National Association, as Primary
Servicer of the Woodbridge Center Mortgage Loan (see Exhibit 34.1)

 34.15
 Rialto Capital Advisors, LLC, as Special Servicer
of the Woodbridge Center Mortgage Loan (see Exhibit 34.3)

 34.16
Wilmington Trust, National Association, as Trustee of the Woodbridge Center
Mortgage Loan (Omitted. See Explanatory Notes.)

 34.17
Custodian of the Woodbridge Center Mortgage Loan (see Exhibit 34.7)

 34.18
 Pentalpha Surveillance LLC, as Trust Advisor of the
Woodbridge Center Mortgage Loan (see Exhibit 34.8)

 34.19
Participant of the Woodbridge Center Mortgage Loan (see Exhibit 34.9)

 34.20
as Servicing Function Participant for the Custodian (see Exhibit 34.13)

Servicer compliance statements.

 35.1
 Wells Fargo Bank, National Association, as General
Master Servicer

 35.2
as NCB Master Servicer

 35.3
 Rialto Capital Advisors, LLC, as General Special
Servicer

 35.4
as Co-op Special Servicer (see Exhibit 35.2)

 35.5
Certificate Administrator

 35.6
 PGIM Real Estate Loan Services, Inc. (formerly
known as Prudential Asset Resources, Inc.), as Primary Servicer

 35.7
as Servicing Function Participant for the Certificate Administrator

 35.8
 Wells Fargo Bank, National Association, as Primary
Servicer of the Woodbridge Center Mortgage Loan (see Exhibit 35.1)

 35.9
 Rialto Capital Advisors, LLC, as Special Servicer
of the Woodbridge Center Mortgage Loan (see Exhibit 35.3)

 99.1
Commercial Mortgage Securities, Inc. and Wells Fargo Bank, National Association
(filed as Exhibit 99.1 to the registrant's Current Report on Form 8-K filed on
May 13, 2014 under Commission File No. 333-172366-13 and incorporated by
reference herein)

 99.2
Commercial Mortgage Securities, Inc. and The Royal Bank of Scotland plc (filed
as Exhibit 99.2 to the registrant's Current Report on Form 8-K filed on May 13,
herein)

 99.3
Commercial Mortgage Securities, Inc. and RBS Financial Products Inc. (filed as
Exhibit 99.3 to the registrant's Current Report on Form 8-K filed on May 13,
herein)

 99.4
Commercial Mortgage Securities, Inc. and Rialto Mortgage Finance, LLC (filed as
Exhibit 99.4 to the registrant's Current Report on Form 8-K filed on May 13,
herein)

 99.5
Commercial Mortgage Securities, Inc. and C-III Commercial Mortgage LLC (filed
as Exhibit 99.5 to the registrant's Current Report on Form 8-K filed on May 13,
herein)

 99.6
Loan Purchase Agreement, dated as of April 29, 2014, among Wells Fargo
Commercial Mortgage Securities, Inc., Liberty Island Group I LLC and Liberty
Island Group LLC (filed as Exhibit 99.6 to the registrant's Current Report on
Form 8-K filed on May 13, 2014 under Commission File No. 333-172366-13 and
incorporated by reference herein)

 99.7
Commercial Mortgage Securities, Inc. and NCB, FSB (filed as Exhibit 99.7 to the
registrant's Current Report on Form 8-K filed on May 13, 2014 under Commission
File No. 333-172366-13 and incorporated by reference herein)

 99.8
Loan Purchase Agreement, dated as of April 29, 2014, among Wells Fargo
Commercial Mortgage Securities, Inc., Basis Real Estate Capital II, LLC and
Basis Investment Group LLC (filed as Exhibit 99.8 to the registrant's Current
Report on Form 8-K filed on May 13, 2014 under Commission File No.
333-172366-13 and incorporated by reference herein)

 99.9
 Primary
Servicing Agreement, dated as of May 1, 2014, between Wells Fargo Bank,
National Association and Prudential Asset Resources, Inc. (filed as Exhibit
99.9 to the registrant's Current Report on Form 8-K filed on May 13, 2014 under
Commission File No. 333-172366-13 and incorporated by reference herein)

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

 (c) Not Applicable.

 SIGNATURES

 Pursuant to the requirements of Section 13 or 15(d) of 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.

 Wells Fargo Commercial Mortgage
Securities, Inc.

(Depositor)

 /s/ Anthony Sfarra

 Anthony
Sfarra, President

 (senior officer in charge of
securitization of the depositor)

 Date: March 11, 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

 o 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 of the issuing entity: 333-195164-03

 Central Index Key Number of the issuing entity:
0001626941

 Wells Fargo Commercial Mortgage
Trust 2014-LC18

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

 Central Index Key Number of the depositor: 0000850779

 Wells Fargo Commercial Mortgage
Securities, Inc.

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

 Central Index Key Number of the sponsor: 0000740906

 Wells Fargo Bank, National
Association

 Central Index Key Number of the sponsor: 0001541468

 Ladder Capital Finance LLC

 Central Index Key Number of the sponsor: 0000729153

 NatWest Markets Plc

 (formerly known as The
Royal Bank of Scotland plc)

 Central Index Key Number of the sponsor: 0001555501

 Liberty Island Group I LLC

 Central Index Key Number of the sponsor: 0001577313

 National Cooperative Bank, N.A.

 (formerly known as NCB,
FSB)

 Central Index Key Number of the sponsor: 0001617874

 Walker & Dunlop Commercial
Property Funding I WF, LLC

 New York

 (State or other jurisdiction of

 incorporation or organization of

 the issuing entity)

 38-3943116

 38-3943117

 38-3943118

 38-7127849

 (I.R.S. Employer

 Identification Numbers)

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

 Wells Fargo Bank, National Association

 as Certificate Administrator

 9062 Old Annapolis Road

 Columbia, MD

 (Address of principal
executive offices of the issuing entity)

 21045

 (Zip Code)

 Registrant's telephone number,
including area code:

 (704) 374-6161

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

 Title of each class

 Trading Symbol(s)

 Name of each exchange on which registered

 None

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

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

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

 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 o
No

 Indicate 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).

 Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, a non-accelerated filer, a smaller
reporting company, or an 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 o
Accelerated
filer
o

 Non-accelerated
filer

Smaller reporting
company
o

Emerging growth
company
o

 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 Exchange Act. o

 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. o

 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. o

 Indicate 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). o

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

 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.

 Indicate 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. o
Yes o
No

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

 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).

 EXPLANATORY NOTES

 The JW Marriott New Orleans Mortgage Loan,
which constituted approximately 4.4% of the asset pool of the issuing entity as
of its cut-off date, is an asset of the issuing entity and is part of a loan
combination that includes the JW Marriott New Orleans Mortgage Loan and one
other pari passu loan, which is not an asset of the issuing entity. This
loan combination, including the JW Marriott New Orleans Mortgage Loan, is being
serviced and administered pursuant to the Pooling and Servicing Agreement,
which is incorporated by reference as Exhibit 4.1 to this Annual Report on Form
10-K.

 The Exhibit Index describes
exhibits provided by certain parties (in their capacities indicated on the
Exhibit Index) with respect to the Colorado Mills Mortgage Loan, which
constituted approximately 3.2% of the asset pool of the issuing entity as of
its cut-off date. The Colorado Mills Mortgage Loan is an asset of the
issuing entity and is part of a loan combination that includes the Colorado
Mills Mortgage Loan and one other pari passu loan, which is not an asset
of the issuing entity. The other pari passu portion of the loan
combination was securitized in the WFRBS Commercial Mortgage Trust 2014-C25
transaction, Commission File Number 333-197550-02 (the " WFRBS 2014-C25
Transaction "). This loan combination, including the Colorado Mills Mortgage
Loan, is being serviced and administered pursuant to the pooling and servicing
agreement for the WFRBS 2014-C25 Transaction, which is incorporated by
reference as Exhibit 4.2 to this Annual Report on Form 10-K.

 The master servicer of a pooling
and servicing agreement or trust and servicing agreement also functions as the
primary servicer of the related mortgage loans serviced and administered
pursuant to such agreement unless a separate primary servicer is identified
herein. If this report does not identify a separate primary servicer, the
servicer compliance statement provided by the master servicer under any such
agreement also encompasses its responsibilities as primary servicer of the
related mortgage loan or mortgage loans.

 Wells Fargo Bank, National
Association is the general master servicer (but not the primary servicer with
respect to those mortgage loans for which PGIM Real Estate Loan Services, Inc.
(formerly known as Prudential Asset Resources, Inc.) is the primary servicer)
and certificate administrator of the mortgage loans serviced under the Pooling
and Servicing Agreement and the primary servicer of the Colorado Mills Mortgage
Loan. As a result, Wells Fargo Bank, National Association is a "servicer" as
defined in Item 1108(a)(2)(iii) of Regulation AB, in the capacities described
above, because it is servicing mortgage loans that constituted 10% or more of
the assets of the issuing entity as of its cut-off date. The assessments of
compliance with applicable servicing criteria, accountants' attestation reports
and servicer compliance statements delivered by Wells Fargo Bank, National
Association in the capacities described above are listed in the Exhibit Index.

 Wells Fargo Bank, National
Association is the custodian of the mortgage loans serviced under the Pooling
and Servicing Agreement and the Colorado Mills Mortgage Loan. As a
result, Wells Fargo Bank, National Association is a servicing function participant
in the capacities described above, because it is servicing mortgage loans that
constituted 5% or more of the assets of the issuing entity as of its cut-off
date. The assessments of compliance with applicable servicing criteria and
accountants' attestation reports delivered by Wells Fargo Bank, National
Association in the capacities described above are listed in the Exhibit Index.

 Wilmington Trust, National
Association acts as trustee of the mortgage loans serviced under the Pooling
and Servicing Agreement and the Colorado Mills Mortgage Loan. Pursuant to
the Pooling and Servicing Agreement and the pooling and servicing agreement for
the WFRBS 2014-C25 Transaction, the trustee is required to provide an
assessment of compliance with applicable servicing criteria solely with respect
to Item 1122(d)(2)(iii) of Regulation AB (regarding advances of funds or
guarantees regarding collections, cash flows or distributions, and any interest
or other fees charged for such advances, are made, reviewed and approved as
specified in the transaction agreements). However, during the reporting period,
the trustee did not perform any servicing function with respect to the
servicing criteria specified in Item 1122(d)(2)(iii) of Regulation AB.
The master servicer or the special servicer, to the extent required, performed
the servicing function identified with respect to Item 1122(d)(2)(iii) of Regulation
AB, and each such party included Item 1122(d)(2)(iii) of Regulation AB in the
assessment of compliance with applicable servicing criteria and accountant's
attestation report for the subject transaction. As a result, this Annual
Report on Form 10-K does not include an assessment of compliance with
applicable servicing criteria of the trustee. One or more other servicers of
the mortgage loans serviced under the Pooling and Servicing Agreement and the
Colorado Mills Mortgage Loan have delivered one or more assessments of
compliance with respect to Item 1122(d)(2)(iii) of Regulation AB.

 This Annual
Report on Form 10-K includes assessments of compliance with applicable
servicing criteria and accountants' attestation reports from CoreLogic
Solutions, LLC. This entity was engaged by the general master servicer of
the mortgage loans serviced under the Pooling and Servicing Agreement (except
with respect to those mortgage loans for which PGIM Real Estate Loan Services,
Inc. (formerly known as Prudential Asset Resources, Inc.) is the primary
servicer), the primary servicer under the Pooling and Servicing Agreement and
the primary servicer of the Colorado Mills Mortgage Loan to remit tax payments
received from the escrow accounts of borrowers to local taxing authorities, to
report tax amounts due, to verify tax parcel information, and to verify
non-escrow tax payments. With respect to the reports provided as servicing
function participant on behalf of Wells Fargo Bank, National Association, these
servicing functions are included within the servicing criteria set forth in
Item 1122(d)(4)(xi) of Regulation AB. With respect to the reports
provided as servicing function participant on behalf of PGIM Real Estate Loan
Services, Inc. (formerly known as Prudential Asset Resources, Inc.), these
servicing functions are included within the servicing criteria set forth in
Items 1122(d)(2)(ii), 1122(d)(2)(vi), 1122(d)(4)(xi) and 1122(d)(4)(xii) of
Regulation AB. Therefore, under the principles-based definition of
"servicer" set forth in Item 1101(j) of Regulation AB that looks to the
functions that an entity performs, this vendor is a "servicer" for the purposes
of Item 1122 of Regulation AB. See Compliance and Disclosure
Interpretations, Section 301.01 (Item 1101(j)).

 This Annual Report on Form 10-K
includes an assessment of compliance with applicable servicing criteria,
accountants' attestation report and servicer compliance statement from
Computershare Trust Company, National Association (" CTCNA "). CTCNA
was engaged by Wells Fargo Bank, National Association (" Wells Fargo "),
in its capacity as certificate administrator and custodian, to perform certain
specified servicing functions identified in the assessment of compliance with
applicable servicing criteria and accountants' attestation reports. Wells
Fargo engaged CTCNA in connection with the sale of Wells Fargo's corporate
trust services business to CTCNA and its affiliates. Further, under the
principles-based definition of "servicer" set forth in Item 1101(j) of
Regulation AB that looks to the functions that an entity performs, this party
is a "servicer" for the purposes of Item 1123 of Regulation AB. See
Compliance and Disclosure Interpretations, Section 301.01 (Item 1101(j)).

 The assessment of compliance with
applicable servicing criteria, accountants' attestation report and servicer
compliance statement of the certificate administrator of the Colorado Mills
Mortgage Loan is omitted from this Annual Report on Form 10-K as the
certificate administrator pursuant to the related pooling and servicing
agreement or trust and servicing agreement does not perform any activities that
address servicing criteria with respect to the issuing entity and because it is
not a "servicer" that meets the criteria in Item 1108(a)(2)(i) through (iii) of
Regulation AB.

 With respect to the pari passu
loan combination that includes the Colorado Mills Mortgage Loan, (i) the
reports on assessment of compliance with servicing criteria and attestation
reports on assessment of compliance with servicing criteria of CWCapital Asset
Management LLC as special servicer of the Colorado Mills Mortgage Loan and
BellOak, LLC as trust advisor of the Colorado Mills Mortgage Loan, listed on
the Exhibit Index are omitted from this Annual Report on Form 10-K as they are
not required to be included on this Annual Report on Form 10-K per Instruction
3 to Item 1122 of Regulation AB because they are parties performing activities
that address servicing criteria relating to 5% or less of the assets of the
issuing entity; and (ii) the servicer compliance statement of CWCapital Asset
Management LLC as special servicer of the Colorado Mills Mortgage Loan, listed
on the Exhibit Index is omitted from this Annual Report on Form 10-K as it is
not required by Item 1123 of Regulation AB to be included on this Annual Report
on Form 10-K because it is an unaffiliated party that is not a "servicer" that
meets the criteria in Item 1108(a)(2)(i) through (iii) of Regulation AB.

 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.

 No single obligor represents 10% or more of the pool assets
held by the issuing entity.

 Item 1114(b)(2) of Regulation AB, Significant Enhancement
Provider Financial Information.

 No entity or group of affiliated entities provides any external credit
enhancement or other support for the certificates within this transaction 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 or other support for the certificates within this
transaction as described under Item 1115 of Regulation AB.

 Item 1117 of Regulation AB, Legal Proceedings.

 The registrant knows of no material
pending legal proceeding involving the trust or any party related to the trust,
other than routine litigation incidental to the duties of those respective
parties, and the following, with respect to CWCapital Asset Management LLC, as
special servicer, and Wells Fargo Bank, National Association, as certificate
administrator and custodian.

 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 was scheduled
for March 16, 2023 and was continued to May 5, 2023. The court approved the
settlement in a decision dated April 8, 2024. An appeal of the Court's decision
was filed by one party, Cobalt LLC, which is believed to be focused solely on
the timing of the distribution of the $27.5 million and not with respect to
CWCAM's liability or the amount paid. The appeal brief is due on September 1,
2024. The matter was subsequently resolved by the parties and approved by the
Court and no further proceedings are required. The matter is closed.

 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 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 non-appealable on August 30,
2022. Discovery (both fact and expert) concluded on March 1, 2024. CWCAM and
CWCI filed a motion for summary judgment on March 29, 2024, seeking dismissal
of all the claims in their entirety. On that same date, the plaintiff cross
moved for summary judgment on one of the claims asserted against only CWCI.
Summary judgment briefing is scheduled to conclude on June 18, 2024. Oral
argument was heard on October 22, 2024 and the court has taken the arguments
under consideration. The timing of a decision is unknown. 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.

 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 previously
provided in a prospectus supplement of the Registrant relating to the issuing
entity filed on December 24, 2014 pursuant to Rule 424(b)(5).

 Item 1122 of Regulation AB, Compliance with Applicable
Servicing Criteria.

 The reports on assessments of compliance with the servicing
criteria for asset-backed securities and related attestation reports on such
assessments of compliance with respect to the mortgage loans are attached
hereto under Item 15 to this Annual Report on Form 10-K. Attached as Schedule
III to the Pooling and Servicing Agreement incorporated by reference as Exhibit
4.1 to this Annual Report on Form 10-K is a chart identifying the entities
participating in a servicing function for the transaction responsible for each
applicable servicing criteria set forth in Item 1122(d).

 The reports on assessments of compliance with the servicing
criteria for asset-backed securities and related attestation reports on such
assessments of compliance with respect to the Colorado Mills Mortgage Loan,
which is being serviced and administered pursuant to the pooling and servicing
agreement for the WFRBS 2014-C25 Transaction, are attached hereto under Item 15
to this Annual Report on Form 10-K. Attached as Schedule III to the pooling and
servicing agreement for the WFRBS 2014-C25 Transaction incorporated by
reference as Exhibit 4.2 to this Annual Report on Form 10-K is a chart
identifying the entities participating in a servicing function for the WFRBS
2014-C25 Transaction responsible for each applicable servicing criteria set
forth in Item 1122(d).

 Item 1123 of Regulation AB, Servicer Compliance Statement.

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

 Item 15. Exhibits and Financial Statement Schedules

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

 (1) Not applicable

 (2) Not applicable

 (3) See below

 4.1
 Pooling
and Servicing Agreement, dated as of December 1, 2014, by and among Wells Fargo
Commercial Mortgage Securities, Inc., as Depositor, Wells Fargo Bank, National
Association, as General Master Servicer, Rialto Capital Advisors, LLC, as
General Special Servicer, NCB, FSB as NCB Master Servicer, NCB, FSB as NCB
Special Servicer, Park Bridge Lender Services LLC, as Trust Advisor, Wells
Fargo Bank, National Association, as Certificate Administrator, as Tax
Administrator and as Custodian, and Wilmington Trust, National Association, as
Trustee (filed as Exhibit 4.1 to the registrant's Current Report on Form 8-K/A
filed on December 31, 2014 and as amended by the amendment
No. 1 to the Pooling and Servicing Agreement filed as Exhibit 4.1 to the
registrant's Current Report on Form 8-K filed on March 2, 2017 under Commission
File No. 333-195164-03 and incorporated by reference herein).

 4.2
 Pooling
and Servicing Agreement, dated as of December 1, 2014, by and among RBS
Commercial Funding Inc., as Depositor, Wells Fargo Bank, National Association,
as Master Servicer, CWCapital Asset Management LLC, as Special Servicer,
TriMont Real Estate Advisors, Inc., as Trust Advisor, Wells Fargo Bank,
National Association, as Certificate Administrator, as Tax Administrator and as
Custodian, and Wilmington Trust, National Association, as Trustee (filed as
Exhibit 99.8 to the registrant's Current Report on Form 8-K filed on December
24, 2014 under Commission File No. 333-195164-03 and incorporated by reference
herein).

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

Reports on assessment of compliance with servicing criteria for asset-backed
securities.

 33.1
 Wells Fargo Bank, National Association, as General
Master Servicer

 33.2
as NCB Master Servicer

 33.3
 Rialto Capital Advisors, LLC, as General Special
Servicer

 33.4
as NCB Special Servicer (see Exhibit 33.2)

 33.5
Wilmington Trust, National Association, as Trustee (Omitted. See Explanatory
Notes.)

 33.6
Certificate Administrator

 33.7
Custodian

 33.8
 Park Bridge Lender Services LLC, as Trust Advisor

 33.9
Participant

 33.10
as Servicing Function Participant for the Certificate Administrator

 33.11
as Servicing Function Participant for the Custodian

 33.12
 PGIM Real Estate Loan Services, Inc. (formerly
known as Prudential Asset Resources, Inc.), as Primary Servicer

 33.13
Participant for PGIM Real Estate Loan Services, Inc. (formerly known as
Prudential Asset Resources, Inc.) (see Exhibit 33.9)

 33.14
Servicer of the JW Marriott New Orleans Mortgage Loan (see Exhibit 33.1)

 33.15
 Rialto Capital Advisors, LLC, as Special Servicer
of the JW Marriott New Orleans Mortgage Loan (see Exhibit 33.3)

 33.16
Wilmington Trust, National Association, as Trustee of the JW Marriott New
Orleans Mortgage Loan (Omitted. See Explanatory Notes.)

 33.17
Custodian of the JW Marriott New Orleans Mortgage Loan (see Exhibit 33.7)

 33.18
 Park Bridge Lender Services LLC, as Trust Advisor
of the JW Marriott New Orleans Mortgage Loan (see Exhibit 33.8)

 33.19
Participant of the JW Marriott New Orleans Mortgage Loan (see Exhibit 33.9)

 33.20
as Servicing Function Participant for the Custodian (see Exhibit 33.11)

 33.21
Servicer of the Colorado Mills Mortgage Loan (see Exhibit 33.1)

 33.22
CWCapital Asset Management LLC, as Special Servicer of the Colorado Mills

 33.23
Wilmington Trust, National Association, as Trustee of the Colorado Mills

 33.24
Custodian of the Colorado Mills Mortgage Loan (see Exhibit 33.7)

 33.25
BellOak, LLC, as Trust Advisor of the Colorado Mills Mortgage Loan (Omitted.
See Explanatory Notes.)

 33.26
Participant of the Colorado Mills Mortgage Loan (see Exhibit 33.9)

 33.27
as Servicing Function Participant for the Custodian (see Exhibit 33.11)

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

 34.1
 Wells Fargo Bank, National Association, as General
Master Servicer

 34.2
as NCB Master Servicer

 34.3
 Rialto Capital Advisors, LLC, as General Special
Servicer

 34.4
as NCB Special Servicer (see Exhibit 34.2)

 34.5
Wilmington Trust, National Association, as Trustee (Omitted. See Explanatory
Notes.)

 34.6
Certificate Administrator

 34.7
Custodian

 34.8
 Park Bridge Lender Services LLC, as Trust Advisor

 34.9
Participant

 34.10
as Servicing Function Participant for the Certificate Administrator

 34.11
as Servicing Function Participant for the Custodian

 34.12
 PGIM Real Estate Loan Services, Inc. (formerly
known as Prudential Asset Resources, Inc.), as Primary Servicer

 34.13
Participant for PGIM Real Estate Loan Services, Inc. (formerly known as
Prudential Asset Resources, Inc.) (see Exhibit 34.9)

 34.14
Servicer of the JW Marriott New Orleans Mortgage Loan (see Exhibit 34.1)

 34.15
 Rialto Capital Advisors, LLC, as Special Servicer
of the JW Marriott New Orleans Mortgage Loan (see Exhibit 34.3)

 34.16
Wilmington Trust, National Association, as Trustee of the JW Marriott New
Orleans Mortgage Loan (Omitted. See Explanatory Notes.)

 34.17
Custodian of the JW Marriott New Orleans Mortgage Loan (see Exhibit 34.7)

 34.18
 Park Bridge Lender Services LLC, as Trust Advisor
of the JW Marriott New Orleans Mortgage Loan (see Exhibit 34.8)

 34.19
Participant of the JW Marriott New Orleans Mortgage Loan (see Exhibit 34.9)

 34.20
as Servicing Function Participant for the Custodian (see Exhibit 34.11)

 34.21
Servicer of the Colorado Mills Mortgage Loan (see Exhibit 34.1)

 34.22
CWCapital Asset Management LLC, as Special Servicer of the Colorado Mills

 34.23
Wilmington Trust, National Association, as Trustee of the Colorado Mills

 34.24
Custodian of the Colorado Mills Mortgage Loan (see Exhibit 34.7)

 34.25
BellOak, LLC, as Trust Advisor of the Colorado Mills Mortgage Loan (Omitted.
See Explanatory Notes.)

 34.26
Participant of the Colorado Mills Mortgage Loan (see Exhibit 34.9)

 34.27
as Servicing Function Participant for the Custodian (see Exhibit 34.11)

Servicer compliance statements.

 35.1
 Wells Fargo Bank, National Association, as General
Master Servicer

 35.2
as NCB Master Servicer

 35.3
 Rialto Capital Advisors, LLC, as General Special
Servicer

 35.4
as NCB Special Servicer (see Exhibit 35.2)

 35.5
Certificate Administrator

 35.6
 PGIM Real Estate Loan Services, Inc. (formerly
known as Prudential Asset Resources, Inc.), as Primary Servicer

 35.7
as Servicing Function Participant for the Certificate Administrator

 35.8
Servicer of the JW Marriott New Orleans Mortgage Loan (see Exhibit 35.1)

 35.9
 Rialto Capital Advisors, LLC, as Special Servicer
of the JW Marriott New Orleans Mortgage Loan (see Exhibit 35.3)

 35.10
Servicer of the Colorado Mills Mortgage Loan (see Exhibit 35.1)

 35.11
CWCapital Asset Management LLC, as Special Servicer of the Colorado Mills

 99.1
Loan Purchase Agreement, dated as of December 12, 2014, between Wells Fargo Commercial
Mortgage Securities, Inc. and Wells Fargo Bank, National Association (filed as
Exhibit 99.2 to the registrant's Current Report on Form 8-K/A filed on December
31, 2014 under Commission File No. 333-195164-03 and incorporated by reference
herein)

 99.2
Loan Purchase Agreement, dated as of December 12, 2014, among Wells Fargo
Commercial Mortgage Securities, Inc., Ladder Capital Finance LLC and Ladder
Capital Finance Holdings LLLP (filed as Exhibit 99.1 to the registrant's
Current Report on Form 8-K/A filed on December 31, 2014 under Commission File
No. 333-195164-03 and incorporated by reference herein)

 99.3
Loan Purchase Agreement, dated as of December 12, 2014, between Wells Fargo
Commercial Mortgage Securities, Inc. and The Royal Bank of Scotland plc (filed
as Exhibit 99.3 to the registrant's Current Report on Form 8-K/A filed on
December 31, 2014 under Commission File No. 333-195164-03 and incorporated by
reference herein)

 99.4
Loan Purchase Agreement, dated as of December 12, 2014, among Wells Fargo
Commercial Mortgage Securities, Inc., Liberty Island Group I LLC and Liberty
Island Group LLC (filed as Exhibit 99.4 to the registrant's Current Report on
Form 8-K/A filed on December 31, 2014 under Commission File No. 333-195164-03
and incorporated by reference herein)

 99.5
Loan Purchase Agreement, dated as of December 12, 2014, between Wells Fargo
Commercial Mortgage Securities, Inc. and NCB, FSB (filed as Exhibit 99.5 to the
registrant's Current Report on Form 8-K/A filed on December 31, 2014 under
Commission File No. 333-195164-03 and incorporated by reference herein)

 99.6
Loan Purchase Agreement, dated as of December 12, 2014, among Wells Fargo
Commercial Mortgage Securities, Inc., Walker & Dunlop Commercial Property
Funding I WF, LLC and Walker & Dunlop Commercial Property Funding, LLC
(filed as Exhibit 99.6 to the registrant's Current Report on Form 8-K/A filed
on December 31, 2014 under Commission File No. 333-195164-03 and incorporated
by reference herein)

 99.7
 Primary
Servicing Agreement, dated as of December 1, 2014, between Wells Fargo Bank,
National Association and Prudential Asset Resources, Inc. (filed as Exhibit
99.7 to the registrant's Current Report on Form 8-K/A filed on December 31,
2014 under Commission File No. 333-195164-03 and incorporated by reference
herein)

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

 (c) Not Applicable.

 SIGNATURES

 Pursuant to the requirements of Section 13 or 15(d) of 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.

 Wells Fargo Commercial Mortgage
Securities, Inc.

(Depositor)

 /s/ Anthony
Sfarra

 Anthony
Sfarra, President

 (senior officer in charge of
securitization of the depositor)

 Date: March 11, 2025