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: 333-206705-08

 Central Index Key Number of the issuing entity:
0001702745

 CD 2017-CD4 Mortgage Trust

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

 Central Index Key Number of the depositor: 0001013454

 Deutsche Mortgage & Asset
Receiving Corporation

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

 Central Index Key Number of the sponsor: 0001541294

 German American Capital Corporation

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

 Central Index Key Number of the sponsor: 0001701238

 Citi Real Estate Funding Inc.

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

 Central Index Key Number of the sponsor: 0001541001

 Citigroup Global Markets Realty
Corp.

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

 New York

 (State or other jurisdiction of

 incorporation or organization of

 the issuing entity)

 38-4032102

 38-4032103

 38-7170564

 (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:

 (212) 250-2500

 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 Uovo Art Storage Mortgage Loan, which
constituted approximately 5.5% 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 Uovo Art Storage Mortgage Loan and two other pari
passu loans, which are not assets of the issuing entity. This loan
combination, including the Uovo Art Storage 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 Hilton Hawaiian Village Mortgage Loan, which
constituted approximately 6.3% of the asset pool of the issuing entity as of
its cut-off date. The Hilton Hawaiian Village Mortgage Loan is an asset
of the issuing entity and is part of a loan combination that includes the
Hilton Hawaiian Village Mortgage Loan, fifteen other pari passu loans
and five subordinate companion loans, which are not assets of the issuing
entity. A pari passu portion of the loan combination was securitized in
the Hilton USA Trust 2016-HHV transaction (the " Hilton USA Trust 2016-HHV
Transaction "). This loan combination, including the Hilton Hawaiian Village
Mortgage Loan, is being serviced and administered pursuant to the trust and
servicing agreement for the Hilton USA Trust 2016-HHV Transaction, which is
incorporated by reference as Exhibit 4.2 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 Moffett Place Google Mortgage Loan and the
111 Livingston Street Mortgage Loan, which constituted approximately 8.3% and
2.7%, respectively, of the asset pool of the issuing entity as of its cut-off
date. The Moffett Place Google Mortgage Loan and the 111 Livingston
Street Mortgage Loan are each an asset of the issuing entity and are each part
of a loan combination that includes the Moffett Place Google Mortgage Loan or
the 111 Livingston Street Mortgage Loan and three other pari passu
loans, each of which are not assets of the issuing entity. A pari passu
portion of each loan combination was securitized in the CD 2017-CD3 Mortgage
Trust transaction, Commission File Number 333-207132-10 (the " CD 2017-CD3
Transaction "). These loan combinations, including the Moffett Place Google
Mortgage Loan and the 111 Livingston Street Mortgage Loan, are being serviced
and administered pursuant to the pooling and servicing agreement for the CD
2017-CD3 Transaction, which is incorporated by reference as Exhibit 4.3 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 Key Center Cleveland Mortgage Loan and the
Hamilton Crossing Mortgage Loan, which constituted approximately 3.3% and 2.2%,
respectively, of the asset pool of the issuing entity as of its cut-off
date. The Key Center Cleveland Mortgage Loan and the Hamilton Crossing
Mortgage Loan are each an asset of the issuing entity and are each part of a
loan combination that includes (a) with respect to the Key Center Cleveland
Mortgage Loan, five other pari passu loans, which are not assets of the
issuing entity or (b) with respect to the Hamilton Crossing Mortgage Loan, one
other pari passu loan, which is not an asset of the issuing entity. A pari
passu portion of each loan combination was securitized in the Citigroup
Commercial Mortgage Trust 2017-P7 transaction, Commission File Number
333-207132-11 (the " CGCMT 2017-P7 Transaction "). These loan
combinations, including the Key Center Cleveland Mortgage Loan and the Hamilton
Crossing Mortgage Loan, are being serviced and administered pursuant to the
pooling and servicing agreement for the CGCMT 2017-P7 Transaction, which is
incorporated by reference as Exhibit 4.4 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.

 Midland Loan Services, a Division
of PNC Bank, National Association is the master servicer of the mortgage loans
serviced under the Pooling and Servicing Agreement and the primary servicer of
the Moffett Place Google Mortgage Loan and the 111 Livingston Street Mortgage
Loan. As a result, Midland Loan Services, a Division of PNC 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 Midland Loan Services, a Division of PNC Bank, National Association in the
capacities described above are listed in the Exhibit Index.

 K-Star Asset Management LLC is the
special servicer of the Moffett Place Google Mortgage Loan and the 111
Livingston Street Mortgage Loan. As a result, K-Star Asset Management LLC 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 K-Star Asset Management LLC in the capacities described above are listed in
the Exhibit Index.

 Rialto Capital Advisors, LLC is
the special servicer of the mortgage loans serviced under the Pooling and
Servicing Agreement, the Key Center Cleveland Mortgage Loan and the Hamilton
Crossing Mortgage Loan. As a result, Rialto Capital Advisors, LLC 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 Rialto
Capital Advisors, LLC in the capacities described above are listed in the
Exhibit Index.

 Wells Fargo Bank, National
Association is the certificate administrator of the mortgage loans serviced
under the Pooling and Servicing Agreement and the primary servicer of the
Hilton Hawaiian Village Mortgage Loan, the Key Center Cleveland Mortgage Loan
and the Hamilton Crossing 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, the Moffett Place Google Mortgage Loan, the Hilton
Hawaiian Village Mortgage Loan and the 111 Livingston Street 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.

 Park Bridge Lender Services LLC is
the operating advisor of the mortgage loans serviced under the Pooling and
Servicing Agreement, the Moffett Place Google Mortgage Loan, the Key Center
Cleveland Mortgage Loan, the 111 Livingston Street Mortgage Loan and the
Hamilton Crossing Mortgage Loan. As a result, Park Bridge Lender Services
LLC 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 Park Bridge Lender Services LLC in the capacities described above
are listed in the Exhibit Index.

 Deutsche Bank Trust Company
Americas is the custodian of the Key Center Cleveland Mortgage Loan and the
Hamilton Crossing Mortgage Loan. As a result, Deutsche Bank Trust Company
Americas 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 Deutsche Bank Trust Company Americas in the capacities
described above are listed in the Exhibit Index.

 Wells Fargo Bank, National
Association acts as trustee of the Uovo Art Storage Mortgage Loan, the 111
Livingston Street Mortgage Loan and the Moffett Place Google Mortgage
Loan. Pursuant to the Pooling and Servicing Agreement and the pooling and
servicing agreement for the CD 2017-CD3 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 Uovo Art Storage Mortgage Loan,
the 111 Livingston Street Mortgage Loan and the Moffett Place Google Mortgage
Loan have delivered one or more assessments of compliance with respect to Item
1122(d)(2)(iii) of Regulation AB.

 Wilmington Trust, National
Association acts as trustee of the Hilton Hawaiian Village Mortgage Loan.
Pursuant to the trust and servicing agreement for the Hilton USA Trust 2016-HHV
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 Hilton
Hawaiian Village 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 primary servicer of the Hilton Hawaiian Village
Mortgage Loan, the Hamilton Crossing Mortgage Loan and the Key Center Cleveland
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. 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)).

 The assessments of compliance with
applicable servicing criteria, accountants' attestation reports and servicer
compliance statements of the certificate administrator of the Hilton Hawaiian
Village Mortgage Loan, the 111 Livingston Street Mortgage Loan, the Moffett
Place Google Mortgage Loan, the Hamilton Crossing Mortgage Loan and the Key
Center Cleveland Mortgage Loan are 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 they
are each 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 Hilton Hawaiian Village Mortgage Loan, the
servicer compliance statement of CWCapital Asset Management LLC as special
servicer of the Hilton Hawaiian Village 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, Wells Fargo Bank, National Association, as Trustee,
Certificate Administrator and Custodian, and Deutsche Bank Trust Company
Americas, as Trustee 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.

 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.

 Item 1119 of Regulation AB, Affiliations and Certain
Relationships and Related Transactions.

 The information regarding this Item has been previously
provided in the prospectus of the Registrant relating to the issuing entity
filed on May 17, 2017 pursuant to Rule 424(b)(2).

 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
II 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 Hilton Hawaiian Village Mortgage
Loan, which is being serviced and administered pursuant to the trust and
servicing agreement for the Hilton USA Trust 2016-HHV Transaction, are attached
hereto under Item 15 to this Annual Report on Form 10-K. Attached as Exhibit L
to the trust and servicing agreement for the Hilton USA Trust 2016-HHV
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 Hilton USA Trust 2016-HHV 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 Moffett Place Google Mortgage
Loan and the 111 Livingston Street Mortgage Loan, which are being serviced and
administered pursuant to the pooling and servicing agreement for the CD
2017-CD3 Transaction, are attached hereto under Item 15 to this Annual Report
on Form 10-K. Attached as Exhibit O to the pooling and servicing agreement for
the CD 2017-CD3 Transaction incorporated by reference as Exhibit 4.3 to this
Annual Report on Form 10-K is a chart identifying the entities participating in
a servicing function for the CD 2017-CD3 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 Key Center Cleveland Mortgage
Loan and the Hamilton Crossing Mortgage Loan, which are being serviced and
administered pursuant to the pooling and servicing agreement for the CGCMT
2017-P7 Transaction, are attached hereto under Item 15 to this Annual Report on
Form 10-K. Attached as Exhibit O to the pooling and servicing agreement for the
CGCMT 2017-P7 Transaction incorporated by reference as Exhibit 4.4 to this
Annual Report on Form 10-K is a chart identifying the entities participating in
a servicing function for the CGCMT 2017-P7 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 May 1, 2017, by and among Deutsche
Mortgage & Asset Receiving Corporation, as Depositor, Midland Loan
Services, a Division of PNC Bank, National Association, as Master Servicer,
Rialto Capital Advisors, LLC, as Special Servicer, Wells Fargo Bank, National
Association, as Trustee, Wells Fargo Bank, National Association, as Certificate
Administrator, Paying Agent and Custodian, Park Bridge Lender Services LLC, as
Operating Advisor and Park Bridge Lender Services LLC as Asset Representations
Reviewer (filed as Exhibit 4.1 to the registrant's Current Report on Form 8-K/A
filed on May 31, 2017 under Commission File No. 333-206705-08 and incorporated
by reference herein).

 4.2
 Trust
and Servicing Agreement, dated as of November 28, 2016, by and among J.P.
Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Wells Fargo
Bank, National Association, as Servicer, AEGON USA Realty Advisors, LLC, as
Special Servicer, Wells Fargo Bank, National Association, as Certificate
Administrator, and Wilmington Trust, National Association, as Trustee (filed as
Exhibit 99.5 to the registrant's Current Report on Form 8-K filed on May 17,
2017 under Commission File No. 333-206705-08 and incorporated by reference
herein).

 4.3
 Pooling
and Servicing Agreement, dated as of February 1, 2017, by and among Citigroup
Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a
Division of PNC Bank, National Association, as Master Servicer, Midland Loan
Services, a Division of PNC Bank, National Association, as Special Servicer,
Park Bridge Lender Services LLC, as Operating Advisor and as Asset
Representations Reviewer, Wells Fargo Bank, National Association, as
Certificate Administrator, and Wells Fargo Bank, National Association, as
Trustee (filed as Exhibit 99.4 to the registrant's Current Report on Form 8-K
filed on May 17, 2017 under Commission File No. 333-206705-08 and incorporated
by reference herein).

 4.4
 Pooling
and Servicing Agreement, dated as of April 1, 2017, by and among Citigroup
Commercial Mortgage Securities Inc., as Depositor, Wells Fargo Bank, National
Association, as Master Servicer, Rialto Capital Advisors, LLC, as Special
Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset
Representations Reviewer, Citibank, N.A., as Certificate Administrator, and
Deutsche Bank Trust Company Americas, as Trustee, (filed as Exhibit 99.6 to the
registrant's Current Report on Form 8-K filed on May 17, 2017 under Commission
File No. 333-206705-08 and incorporated by reference herein).

 4.5
Agreement, dated as of December 30, 2016, between Deutsche Bank AG, New York
Branch, as Note A-1 Holder, Deutsche Bank AG, New York Branch, as Note A-2
Holder, Deutsche Bank AG, New York Branch, as Note A-3 Holder, Deutsche Bank
AG, New York Branch, as Note A-4 Holder, Deutsche Bank AG, New York Branch, as
Note A-5 Holder, and Deutsche Bank AG, New York Branch, as Note A-6 Holder
(filed as Exhibit 99.7 to the registrant's Current Report on Form 8-K filed on
May 17, 2017 under Commission File No. 333-206705-08 and incorporated by
reference herein).

 4.6
Agreement, dated as of November 28, 2016, between JPMorgan Chase Bank, National
Association, Deutsche Bank AG, New York Branch, Goldman Sachs Mortgage Company,
Barclays Bank PLC, Morgan Stanley Bank, N.A., and Cantor Commercial Real Estate
Lending, L.P. (filed as Exhibit 99.8 to the registrant's Current Report on Form
8-K filed on May 17, 2017 under Commission File No. 333-206705-08 and
incorporated by reference herein).

 4.7
Agreement, dated as of January 31, 2017, between Citi Real Estate Funding Inc.,
as Note A-1 Holder and Note A-4 Holder, Bank of America, N.A., as Note A-2
Holder and Note A-5 Holder, and Deutsche Bank AG, New York Branch, as Note A-3
Holder and Note A-6 Holder (filed as Exhibit 99.9 to the registrant's Current
Report on Form 8-K filed on May 17, 2017 under Commission File No.
333-206705-08 and incorporated by reference herein).

 4.8
Agreement, dated as of January 5, 2017, between Citigroup Global Markets Realty
Corp., as Note A-1 Holder and Note A-2 Holder, and Deutsche Bank AG, New York
Branch, as Note A-3 Holder and Note A-4 Holder (filed as Exhibit 99.10 to the
registrant's Current Report on Form 8-K filed on May 17, 2017 under Commission
File No. 333-206705-08 and incorporated by reference herein).

 4.9
Agreement, dated as of April 1, 2017, between Citigroup Global Markets Realty
Corp., as Initial Note A-1 Holder, and Citigroup Global Markets Realty Corp.,
as Initial Note A-2 Holder (filed as Exhibit 99.11 to the registrant's Current
Report on Form 8-K filed on May 17, 2017 under Commission File No.
333-206705-08 and incorporated by reference herein).

 4.10 Co-Lender
Agreement, dated as of February 3, 2017, between Deutsche Bank AG, New York
Branch, as Note A-1 Holder, Deutsche Bank AG, New York Branch, as Note A-2
Holder, Deutsche Bank AG, New York Branch, as Note A-3 Holder, and Deutsche
Bank AG, New York Branch, as Note A-4 Holder (filed as Exhibit 99.12 to the
registrant's Current Report on Form 8-K filed on May 17, 2017 under Commission
File No. 333-206705-08 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
National Association, as Master Servicer

 33.2

 33.3
 Wells Fargo Bank, National Association, as Trustee
and Certificate Administrator

 33.4
Custodian

 33.5
Advisor

 33.6
as Servicing Function Participant for the Certificate Administrator

 33.7
as Servicing Function Participant for the Custodian

 33.8
National Association, as Primary Servicer of the Uovo Art Storage Mortgage Loan
(see Exhibit 33.1)

 33.9
of the Uovo Art Storage Mortgage Loan (see Exhibit 33.2)

 33.10
Wells Fargo Bank, National Association, as Trustee of the Uovo Art Storage

 33.11
Custodian of the Uovo Art Storage Mortgage Loan (see Exhibit 33.4)

 33.12
Advisor of the Uovo Art Storage Mortgage Loan (see Exhibit 33.5)

 33.13
as Servicing Function Participant for the Custodian (see Exhibit 33.7)

 33.14

 33.15
 CWCapital Asset Management LLC, as Special

 33.16
Wilmington Trust, National Association, as Trustee of the Hilton Hawaiian
Village Mortgage Loan (Omitted. See Explanatory Notes.)

 33.17
Custodian of the Hilton Hawaiian Village Mortgage Loan (see Exhibit 33.4)

 33.18
Participant of the Hilton Hawaiian Village Mortgage Loan

 33.19
as Servicing Function Participant for the Custodian (see Exhibit 33.7)

 33.20
National Association, as Primary Servicer of the Moffett Place Google Mortgage
Loan (see Exhibit 33.1)

 33.21
of the Moffett Place Google Mortgage Loan

 33.22
Wells Fargo Bank, National Association, as Trustee of the Moffett Place Google

 33.23
Custodian of the Moffett Place Google Mortgage Loan (see Exhibit 33.4)

 33.24
Advisor of the Moffett Place Google Mortgage Loan (see Exhibit 33.5)

 33.25
as Servicing Function Participant for the Custodian (see Exhibit 33.7)

 33.26
National Association, as Primary Servicer of the 111 Livingston Street Mortgage
Loan (see Exhibit 33.1)

 33.27
of the 111 Livingston Street Mortgage Loan (see Exhibit 33.21)

 33.28
Wells Fargo Bank, National Association, as Trustee of the 111 Livingston Street

 33.29
Custodian of the 111 Livingston Street Mortgage Loan (see Exhibit 33.4)

 33.30
Advisor of the 111 Livingston Street Mortgage Loan (see Exhibit 33.5)

 33.31
as Servicing Function Participant for the Custodian (see Exhibit 33.7)

 33.32
Servicer of the Key Center Cleveland Mortgage Loan (see Exhibit 33.14)

 33.33
of the Key Center Cleveland Mortgage Loan (see Exhibit 33.2)

 33.34
 Deutsche Bank Trust Company Americas, as Trustee
and Custodian of the Key Center Cleveland Mortgage Loan

 33.35
Advisor of the Key Center Cleveland Mortgage Loan (see Exhibit 33.5)

 33.36
Participant of the Key Center Cleveland Mortgage Loan (see Exhibit 33.18)

 33.37
Servicer of the Hamilton Crossing Mortgage Loan (see Exhibit 33.14)

 33.38
of the Hamilton Crossing Mortgage Loan (see Exhibit 33.2)

 33.39
 Deutsche Bank Trust Company Americas, as Trustee
and Custodian of the Hamilton Crossing Mortgage Loan (see Exhibit 33.34)

 33.40
Advisor of the Hamilton Crossing Mortgage Loan (see Exhibit 33.5)

 33.41
Participant of the Hamilton Crossing Mortgage Loan (see Exhibit 33.18)

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

 34.1
National Association, as Master Servicer

 34.2

 34.3
 Wells Fargo Bank, National Association, as Trustee
and Certificate Administrator

 34.4
Custodian

 34.5
Advisor

 34.6
as Servicing Function Participant for the Certificate Administrator

 34.7
as Servicing Function Participant for the Custodian

 34.8
National Association, as Primary Servicer of the Uovo Art Storage Mortgage Loan
(see Exhibit 34.1)

 34.9
of the Uovo Art Storage Mortgage Loan (see Exhibit 34.2)

 34.10
Wells Fargo Bank, National Association, as Trustee of the Uovo Art Storage

 34.11
Custodian of the Uovo Art Storage Mortgage Loan (see Exhibit 34.4)

 34.12
Advisor of the Uovo Art Storage Mortgage Loan (see Exhibit 34.5)

 34.13
as Servicing Function Participant for the Custodian (see Exhibit 34.7)

 34.14

 34.15
 CWCapital Asset Management LLC, as Special

 34.16
Wilmington Trust, National Association, as Trustee of the Hilton Hawaiian
Village Mortgage Loan (Omitted. See Explanatory Notes.)

 34.17
Custodian of the Hilton Hawaiian Village Mortgage Loan (see Exhibit 34.4)

 34.18
Participant of the Hilton Hawaiian Village Mortgage Loan

 34.19
as Servicing Function Participant for the Custodian (see Exhibit 34.7)

 34.20
National Association, as Primary Servicer of the Moffett Place Google Mortgage
Loan (see Exhibit 34.1)

 34.21
of the Moffett Place Google Mortgage Loan

 34.22
Wells Fargo Bank, National Association, as Trustee of the Moffett Place Google

 34.23
Custodian of the Moffett Place Google Mortgage Loan (see Exhibit 34.4)

 34.24
Advisor of the Moffett Place Google Mortgage Loan (see Exhibit 34.5)

 34.25
as Servicing Function Participant for the Custodian (see Exhibit 34.7)

 34.26
National Association, as Primary Servicer of the 111 Livingston Street Mortgage
Loan (see Exhibit 34.1)

 34.27
of the 111 Livingston Street Mortgage Loan (see Exhibit 34.21)

 34.28
Wells Fargo Bank, National Association, as Trustee of the 111 Livingston Street

 34.29
Custodian of the 111 Livingston Street Mortgage Loan (see Exhibit 34.4)

 34.30
Advisor of the 111 Livingston Street Mortgage Loan (see Exhibit 34.5)

 34.31
as Servicing Function Participant for the Custodian (see Exhibit 34.7)

 34.32
Servicer of the Key Center Cleveland Mortgage Loan (see Exhibit 34.14)

 34.33
of the Key Center Cleveland Mortgage Loan (see Exhibit 34.2)

 34.34
 Deutsche Bank Trust Company Americas, as Trustee
and Custodian of the Key Center Cleveland Mortgage Loan

 34.35
Advisor of the Key Center Cleveland Mortgage Loan (see Exhibit 34.5)

 34.36
Participant of the Key Center Cleveland Mortgage Loan (see Exhibit 34.18)

 34.37
Servicer of the Hamilton Crossing Mortgage Loan (see Exhibit 34.14)

 34.38
of the Hamilton Crossing Mortgage Loan (see Exhibit 34.2)

 34.39
 Deutsche Bank Trust Company Americas, as Trustee
and Custodian of the Hamilton Crossing Mortgage Loan (see Exhibit 34.34)

 34.40
Advisor of the Hamilton Crossing Mortgage Loan (see Exhibit 34.5)

 34.41
Participant of the Hamilton Crossing Mortgage Loan (see Exhibit 34.18)

Servicer compliance statements.

 35.1
National Association, as Master Servicer

 35.2

 35.3
Certificate Administrator

 35.4
as Servicing Function Participant for the Certificate Administrator

 35.5
National Association, as Primary Servicer of the Uovo Art Storage Mortgage Loan
(see Exhibit 35.1)

 35.6
of the Uovo Art Storage Mortgage Loan (see Exhibit 35.2)

 35.7

 35.8
CWCapital Asset Management LLC, as Special Servicer of the Hilton Hawaiian
Village Mortgage Loan (Omitted. See Explanatory Notes.)

 35.9
National Association, as Primary Servicer of the Moffett Place Google Mortgage
Loan (see Exhibit 35.1)

 35.10
of the Moffett Place Google Mortgage Loan

 35.11
National Association, as Primary Servicer of the 111 Livingston Street Mortgage
Loan (see Exhibit 35.1)

 35.12
of the 111 Livingston Street Mortgage Loan (see Exhibit 35.10)

 35.13
Servicer of the Key Center Cleveland Mortgage Loan (see Exhibit 35.7)

 35.14
of the Key Center Cleveland Mortgage Loan (see Exhibit 35.2)

 35.15
Servicer of the Hamilton Crossing Mortgage Loan (see Exhibit 35.7)

 35.16
of the Hamilton Crossing Mortgage Loan (see Exhibit 35.2)

 99.1 Mortgage
Loan Purchase Agreement, dated as of April 28, 2017, between German American
Capital Corporation and Deutsche Mortgage & Asset Receiving Corporation
(filed as Exhibit 99.1 to the registrant's Current Report on Form 8-K/A filed
on May 31, 2017 under Commission File No. 333-206705-08 and incorporated by
reference herein)

 99.2 Mortgage
Loan Purchase Agreement, dated as of April 28, 2017, between Citi Real Estate
Funding Inc. and Deutsche Mortgage & Asset Receiving Corporation (filed as
Exhibit 99.2 to the registrant's Current Report on Form 8-K/A filed on May 31,
2017 under Commission File No. 333-206705-08 and incorporated by reference
herein)

 99.3 Mortgage
Loan Purchase Agreement, dated as of April 28, 2017, between Citigroup Global
Markets Realty Corp. and Deutsche Mortgage & Asset Receiving Corporation
(filed as Exhibit 99.3 to the registrant's Current Report on Form 8-K/A filed
on May 31, 2017 under Commission File No. 333-206705-08 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.

 Deutsche Mortgage & Asset
Receiving Corporation

(Depositor)

 /s/ Helaine
M. Kaplan

 Helaine M.
Kaplan, President

 (senior officer in charge of
securitization of the depositor)

 Date: March 14, 2025

 /s/ Matt
Smith

 Matt Smith, Director

 Date: March 14, 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: 333-226486-15

 Central Index Key Number of the issuing entity:
0001818654

 Wells Fargo Commercial Mortgage
Trust 2020-C57

 (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

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

 Central Index Key Number of the sponsor: 0001685185

 UBS AG, acting through its branch
located at 1285 Avenue of the Americas, New York, New York

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

 Central Index Key Number of the sponsor: 0001592182

 LMF Commercial, LLC

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

 Central Index Key Number of the sponsor: 0001541468

 Ladder Capital Finance LLC

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

 New York

 (State or other jurisdiction of

 incorporation or organization of

 the issuing entity)

 38-4155213

 38-4155214

 38-7250421

 (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 PGH17 Self Storage Portfolio Mortgage
Loan, the DoubleTree New York Times Square West Leased Fee Mortgage Loan and
the 122nd Street Portfolio Mortgage Loan, which constituted approximately
9.99%, 5.4% and 2.7%, respectively, of the asset pool of the issuing entity as
of its cut-off date, are each an asset of the issuing entity and are each part
of a loan combination that includes (a) with respect to the PGH17 Self Storage
Portfolio Mortgage Loan, two other pari passu loans, which are not
assets of the issuing entity, (b) with respect to the DoubleTree New York Times
Square West Leased Fee Mortgage Loan, two other pari passu loans and one
subordinate companion loan, each of which are not assets of the issuing entity
and (c) with respect to the 122nd Street Portfolio Mortgage Loan, one other pari
passu loan, which is not an asset of the issuing entity. These loan
combinations, including the PGH17 Self Storage Portfolio Mortgage Loan, the
DoubleTree New York Times Square West Leased Fee Mortgage Loan and the 122nd
Street Portfolio Mortgage Loan, are 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 Grid Mortgage Loan, which constituted approximately
2.7% of the asset pool of the issuing entity as of its cut-off date. The
Grid Mortgage Loan is an asset of the issuing entity and is part of a loan
combination that includes The Grid Mortgage Loan and two other pari passu
loans, which are not assets of the issuing entity. A pari passu portion
of the loan combination was securitized in the Wells Fargo Commercial Mortgage
Trust 2020-C56 transaction, Commission File Number 333-226486-14 (the " WFCM
2020-C56 Transaction "). This loan combination, including The Grid Mortgage
Loan, is being serviced and administered pursuant to the pooling and servicing
agreement for the WFCM 2020-C56 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 master servicer and certificate administrator of the
mortgage loans serviced under the Pooling and Servicing Agreement and the
primary servicer of The Grid 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 Grid 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.

 K-Star Asset Management LLC is the
special servicer of the mortgage loans serviced under the Pooling and Servicing
Agreement (other than the DoubleTree New York Times Square West Leased Fee
Mortgage Loan) and The Grid Mortgage Loan. As a result, K-Star Asset Management
LLC 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 K-Star Asset Management LLC in the capacities described above are listed in
the Exhibit Index.

 Pentalpha Surveillance LLC is the
operating advisor of the mortgage loans serviced under the Pooling and
Servicing Agreement and The Grid Mortgage Loan. As a result, Pentalpha
Surveillance LLC 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 Pentalpha Surveillance LLC 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 Grid Mortgage Loan. Pursuant to
the Pooling and Servicing Agreement and the pooling and servicing agreement for
the WFCM 2020-C56 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 Grid 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 master servicer under the Pooling and Servicing
Agreement and the primary servicer of The Grid 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. 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)).

 The assessment of compliance with
applicable servicing criteria, accountants' attestation report and servicer
compliance statement of the certificate administrator of The Grid 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.

 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 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 the prospectus of the Registrant relating to the issuing entity
filed on August 26, 2020 pursuant to Rule 424(b)(2).

 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 Exhibit AA
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 Grid Mortgage Loan, which is
being serviced and administered pursuant to the pooling and servicing agreement
for the WFCM 2020-C56 Transaction, are attached hereto under Item 15 to this
Annual Report on Form 10-K. Attached as Exhibit AA to the pooling and servicing
agreement for the WFCM 2020-C56 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 WFCM 2020-C56
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 August 1, 2020, between Wells Fargo
Commercial Mortgage Securities, Inc., as Depositor, Wells Fargo Bank, National
Association, as Master Servicer, Midland Loan Services, a Division of PNC Bank,
National Association, as Special Servicer, Wells Fargo Bank, National
Association, as Certificate Administrator, Wilmington Trust, National
Association, as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor
and as Asset Representations Reviewer (filed as Exhibit 4.1 to the registrant's
Current Report on Form 8-K filed on August 26, 2020 under Commission File No.
333-226486-15 and incorporated by reference herein).

 4.2
 Pooling
and Servicing Agreement, dated as of June 1, 2020, between Wells Fargo
Commercial Mortgage Securities, Inc., as Depositor, Wells Fargo Bank, National
Association, as Master Servicer, Midland Loan Services, a Division of PNC Bank,
National Association, as Special Servicer, Wells Fargo Bank, National
Association, as Certificate Administrator, Wilmington Trust, National
Association, as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor
and as Asset Representations Reviewer (filed as Exhibit 4.2 to the registrant's
Current Report on Form 8-K filed on August 26, 2020 under Commission File No.
333-226486-15 and incorporated by reference herein).

 4.3
 Co-Lender
Agreement, dated as of August 12, 2020, between LMF Commercial, LLC, as Initial
Note A-1 Holder, LMF Commercial, LLC, as Initial Note A-2 Holder and LMF
Commercial, LLC, as Initial Note A-3 Holder (filed as Exhibit 4.3 to the
registrant's Current Report on Form 8-K filed on August 26, 2020 under
Commission File No. 333-226486-15 and incorporated by reference herein).

 4.4
 Agreement
Among Noteholders, dated as of December 20, 2019, by and among UBS AG, by and
through its branch office at 1285 Avenue of the Americas, New York, New York,
as Initial Note A-1 Holder, UBS AG, by and through its branch office at
1285 Avenue of the Americas, New York, New York, as Initial Note A-2
Holder, UBS AG, by and through its branch office at 1285 Avenue of the
Americas, New York, New York, as Initial Note A-3 Holder, UBS AG, by and
through its branch office at 1285 Avenue of the Americas, New York, New York,
as Initial Note A-4 Holder, and UBS AG, by and through its branch office at
1285 Avenue of the Americas, New York, New York, as Initial Junior Noteholder
(filed as Exhibit 4.4 to the registrant's Current Report on Form 8-K filed on
August 26, 2020 under Commission File No. 333-226486-15 and incorporated by
reference herein).

 4.5
 Co-Lender
Agreement, dated as of August 26, 2020, between Tuebor TRS II LLC, as Initial
Note A-1 Holder, and Tuebor TRS II LLC, as Initial Note A-2 Holder (filed as
Exhibit 4.5 to the registrant's Current Report on Form 8-K filed on August 26,
2020 under Commission File No. 333-226486-15 and incorporated by reference
herein).

 4.6
 Co-Lender
Agreement, dated as of June 4, 2020, between Tuebor TRS II LLC, as Initial Note
A-1 Holder, Tuebor TRS II LLC, as Initial Note A-2 Holder, and Tuebor TRS II
LLC, as Initial Note A-3 Holder (filed as Exhibit 4.6 to the registrant's
Current Report on Form 8-K filed on August 26, 2020 under Commission File No.
333-226486-15 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
 K-Star Asset Management LLC, as Special Servicer

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

 33.4
Certificate Administrator

 33.5
Custodian

 33.6
 Pentalpha Surveillance LLC, as Operating Advisor

 33.7
Participant

 33.8
as Servicing Function Participant for the Certificate Administrator

 33.9
as Servicing Function Participant for the Custodian

 33.10
Servicer of the PGH17 Self Storage Portfolio Mortgage Loan (see Exhibit 33.1)

 33.11
the PGH17 Self Storage Portfolio Mortgage Loan (see Exhibit 33.2)

 33.12
Wilmington Trust, National Association, as Trustee of the PGH17 Self Storage
Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

 33.13
Custodian of the PGH17 Self Storage Portfolio Mortgage Loan (see Exhibit 33.5)

 33.14
the PGH17 Self Storage Portfolio Mortgage Loan (see Exhibit 33.6)

 33.15
Participant of the PGH17 Self Storage Portfolio Mortgage Loan (see Exhibit
33.7)

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

 33.17
Servicer of the DoubleTree New York Times Square West Leased Fee Mortgage Loan
(see Exhibit 33.1)

 33.18
 Midland Loan Services, a Division of PNC Bank,
National Association, as Special Servicer of the DoubleTree New York Times
Square West Leased Fee Mortgage Loan

 33.19
Wilmington Trust, National Association, as Trustee of the DoubleTree New York
Times Square West Leased Fee Mortgage Loan (Omitted. See Explanatory Notes.)

 33.20
Custodian of the DoubleTree New York Times Square West Leased Fee Mortgage Loan
(see Exhibit 33.5)

 33.21
the DoubleTree New York Times Square West Leased Fee Mortgage Loan (see Exhibit
33.6)

 33.22
Participant of the DoubleTree New York Times Square West Leased Fee Mortgage
Loan (see Exhibit 33.7)

 33.23
as Servicing Function Participant for the Custodian (see Exhibit 33.9)

 33.24
Servicer of the 122nd Street Portfolio Mortgage Loan (see Exhibit 33.1)

 33.25
the 122nd Street Portfolio Mortgage Loan (see Exhibit 33.2)

 33.26
Wilmington Trust, National Association, as Trustee of the 122nd Street
Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

 33.27
Custodian of the 122nd Street Portfolio Mortgage Loan (see Exhibit 33.5)

 33.28
the 122nd Street Portfolio Mortgage Loan (see Exhibit 33.6)

 33.29
Participant of the 122nd Street Portfolio Mortgage Loan (see Exhibit 33.7)

 33.30
as Servicing Function Participant for the Custodian (see Exhibit 33.9)

 33.31
Servicer of The Grid Mortgage Loan (see Exhibit 33.1)

 33.32
The Grid Mortgage Loan (see Exhibit 33.2)

 33.33
Wilmington Trust, National Association, as Trustee of The Grid Mortgage Loan
(Omitted. See Explanatory Notes.)

 33.34
Custodian of The Grid Mortgage Loan (see Exhibit 33.5)

 33.35
The Grid Mortgage Loan (see Exhibit 33.6)

 33.36
Participant of The Grid Mortgage Loan (see Exhibit 33.7)

 33.37
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
 K-Star Asset Management LLC, as Special Servicer

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

 34.4
Certificate Administrator

 34.5
Custodian

 34.6
 Pentalpha Surveillance LLC, as Operating Advisor

 34.7
Participant

 34.8
as Servicing Function Participant for the Certificate Administrator

 34.9
as Servicing Function Participant for the Custodian

 34.10
Servicer of the PGH17 Self Storage Portfolio Mortgage Loan (see Exhibit 34.1)

 34.11
the PGH17 Self Storage Portfolio Mortgage Loan (see Exhibit 34.2)

 34.12
Wilmington Trust, National Association, as Trustee of the PGH17 Self Storage
Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

 34.13
Custodian of the PGH17 Self Storage Portfolio Mortgage Loan (see Exhibit 34.5)

 34.14
the PGH17 Self Storage Portfolio Mortgage Loan (see Exhibit 34.6)

 34.15
Participant of the PGH17 Self Storage Portfolio Mortgage Loan (see Exhibit
34.7)

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

 34.17
Servicer of the DoubleTree New York Times Square West Leased Fee Mortgage Loan
(see Exhibit 34.1)

 34.18
 Midland Loan Services, a Division of PNC Bank,
National Association, as Special Servicer of the DoubleTree New York Times
Square West Leased Fee Mortgage Loan

 34.19
Wilmington Trust, National Association, as Trustee of the DoubleTree New York
Times Square West Leased Fee Mortgage Loan (Omitted. See Explanatory Notes.)

 34.20
Custodian of the DoubleTree New York Times Square West Leased Fee Mortgage Loan
(see Exhibit 34.5)

 34.21
the DoubleTree New York Times Square West Leased Fee Mortgage Loan (see Exhibit
34.6)

 34.22
Participant of the DoubleTree New York Times Square West Leased Fee Mortgage
Loan (see Exhibit 34.7)

 34.23
as Servicing Function Participant for the Custodian (see Exhibit 34.9)

 34.24
Servicer of the 122nd Street Portfolio Mortgage Loan (see Exhibit 34.1)

 34.25
the 122nd Street Portfolio Mortgage Loan (see Exhibit 34.2)

 34.26
Wilmington Trust, National Association, as Trustee of the 122nd Street
Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

 34.27
Custodian of the 122nd Street Portfolio Mortgage Loan (see Exhibit 34.5)

 34.28
the 122nd Street Portfolio Mortgage Loan (see Exhibit 34.6)

 34.29
Participant of the 122nd Street Portfolio Mortgage Loan (see Exhibit 34.7)

 34.30
as Servicing Function Participant for the Custodian (see Exhibit 34.9)

 34.31
Servicer of The Grid Mortgage Loan (see Exhibit 34.1)

 34.32
The Grid Mortgage Loan (see Exhibit 34.2)

 34.33
Wilmington Trust, National Association, as Trustee of The Grid Mortgage Loan
(Omitted. See Explanatory Notes.)

 34.34
Custodian of The Grid Mortgage Loan (see Exhibit 34.5)

 34.35
The Grid Mortgage Loan (see Exhibit 34.6)

 34.36
Participant of The Grid Mortgage Loan (see Exhibit 34.7)

 34.37
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
 K-Star Asset Management LLC, as Special Servicer

 35.3
Certificate Administrator

 35.4
as Servicing Function Participant for the Certificate Administrator

 35.5
Servicer of the PGH17 Self Storage Portfolio Mortgage Loan (see Exhibit 35.1)

 35.6
the PGH17 Self Storage Portfolio Mortgage Loan (see Exhibit 35.2)

 35.7
Servicer of the DoubleTree New York Times Square West Leased Fee Mortgage Loan
(see Exhibit 35.1)

 35.8
 Midland Loan Services, a Division of PNC Bank,
National Association, as Special Servicer of the DoubleTree New York Times
Square West Leased Fee Mortgage Loan

 35.9
Servicer of the 122nd Street Portfolio Mortgage Loan (see Exhibit 35.1)

 35.10
the 122nd Street Portfolio Mortgage Loan (see Exhibit 35.2)

 35.11
Servicer of The Grid Mortgage Loan (see Exhibit 35.1)

 35.12
The Grid Mortgage Loan (see Exhibit 35.2)

 99.1
 Mortgage
Loan Purchase Agreement, dated as of August 19, 2020, between Wells Fargo Bank,
National Association and Wells Fargo Commercial Mortgage Securities, Inc.
(filed as Exhibit 99.3 to the registrant's Current Report on Form 8-K filed on
August 26, 2020 under Commission File No. 333-226486-15 and incorporated by
reference herein).

 99.2
 Mortgage
Loan Purchase Agreement, dated as of August 19, 2020, between UBS AG, by and
through its branch office at 1285 Avenue of the Americas, New York, New York,
and Wells Fargo Commercial Mortgage Securities, Inc. (filed as Exhibit 99.1 to
the registrant's Current Report on Form 8-K filed on August 26, 2020 under
Commission File No. 333-226486-15 and incorporated by reference herein)

 99.3
 Mortgage
Loan Purchase Agreement, dated as of August 19, 2020, between LMF Commercial,
LLC and Wells Fargo Commercial Mortgage Securities, Inc. (filed as Exhibit 99.2
to the registrant's Current Report on Form 8-K filed on August 26, 2020 under
Commission File No. 333-226486-15 and incorporated by reference herein)

 99.4
 Mortgage
Loan Purchase Agreement, dated as of August 19, 2020, among Ladder Capital
Finance LLC, Ladder Capital Finance Holdings LLLP, Series REIT of Ladder
Capital Finance Holdings LLLP, Series TRS of Ladder Capital Finance
Holdings LLLP and Wells Fargo Commercial Mortgage Securities, Inc. (filed as
Exhibit 99.4 to the registrant's Current Report on Form 8-K filed on August 26,
2020 under Commission File No. 333-226486-15 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 14, 2025