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: 333-276033-03

 Central Index Key Number of the issuing entity:
0002030072

 BBCMS Mortgage Trust 2024-C28

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

 Central Index Key Number of the depositor: 0001541480

 Barclays Commercial Mortgage
Securities LLC

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

 Central Index Key Number of the sponsor: 0001549574

 Barclays Capital Real Estate Inc.

 Central Index Key Number of the sponsor: 0001541502

 Goldman Sachs Mortgage Company

 Central Index Key Number of the sponsor: 0001755531

 Societe Generale Financial
Corporation

 Central Index Key Number of the sponsor: 0000740906

 Wells Fargo Bank, National
Association

 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

 Central Index Key Number of the sponsor: 0000109380

 Zions Bancorporation, N.A.

 Central Index Key Number of the sponsor: 0001541294

 German American Capital Corporation

 Central Index Key Number of the sponsor: 0001548405

 Starwood Mortgage Capital LLC

 Central Index Key Number of the sponsor: 0001541468

 Ladder Capital Finance LLC

 Central Index Key Number of the sponsor: 0001722518

 BSPRT CMBS Finance, LLC

 New York

 (State or other jurisdiction of

 incorporation or organization of

 the issuing entity)

 38-4325097

 38-4325098

 38-7329982

 (I.R.S. Employer

 Identification Number)

c/o Computershare Trust Company, 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) 412-4000

 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 x
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 900 North Michigan Mortgage Loan, the St.
Johns Town Center Mortgage Loan and the Arizona Grand Resort and Spa Mortgage
Loan, which constituted approximately 9.9%, 9.7% and 8.7%, 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 900 North Michigan Mortgage Loan, two other pari passu
loans, which are not assets of the issuing entity, (b) with respect to the St.
Johns Town Center Mortgage Loan, fifty-six other pari passu loans, which
are not assets of the issuing entity and (c) with respect to the Arizona Grand
Resort and Spa Mortgage Loan, three other pari passu loans, which are
not assets of the issuing entity. These loan combinations, including the 900
North Michigan Mortgage Loan, the St. Johns Town Center Mortgage Loan and the
Arizona Grand Resort and Spa 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 Dallas Market Center Mortgage Loan, which
constituted approximately 6.2% of the asset pool of the issuing entity as of
its cut-off date. The Dallas Market Center Mortgage Loan is an asset of
the issuing entity and is part of a loan combination that includes the Dallas
Market Center Mortgage Loan and three other pari passu loans, which are
not assets of the issuing entity. A pari passu portion of the loan
combination was securitized in the BANK 2024-BNK47 transaction, Commission File
Number 333-257991-10 (the " BANK 2024-BNK47 Transaction "). This loan
combination, including the Dallas Market Center Mortgage Loan, is being
serviced and administered pursuant to the pooling and servicing agreement for
the BANK 2024-BNK47 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 Bridge Point Rancho Cucamonga Mortgage Loan,
which constituted approximately 9.9% of the asset pool of the issuing entity as
of its cut-off date. The Bridge Point Rancho Cucamonga Mortgage Loan is
an asset of the issuing entity and is part of a loan combination that includes
the Bridge Point Rancho Cucamonga Mortgage Loan and six other pari passu
loans and one subordinate companion loan, 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 2024-BPRC transaction (the " WFCM
2024-BPRC Transaction "). This loan combination, including the Bridge Point
Rancho Cucamonga Mortgage Loan, is being serviced and administered pursuant to
the trust and servicing agreement for the WFCM 2024-BPRC 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 Hilton La Jolla Torrey Pines Mortgage Loan,
which constituted approximately 5.6% of the asset pool of the issuing entity as
of its cut-off date. The Hilton La Jolla Torrey Pines Mortgage Loan is an
asset of the issuing entity and is part of a loan combination that includes the
Hilton La Jolla Torrey Pines Mortgage Loan and one other pari passu
loan, which is not an asset of the issuing entity. This loan combination,
including the Hilton La Jolla Torrey Pines Mortgage Loan, was serviced under
the Pooling and Servicing Agreement for the issuing entity prior to the closing
of the securitization of the other pari passu portion of the Hilton La
Jolla Torrey Pines loan combination in the BANK 2024-BNK48 transaction,
Commission File Number 333-259741-09 (the " BANK 2024-BNK48 Transaction ").
After the closing of the BANK 2024-BNK48 Transaction on October 9, 2024, this
loan combination, including the Hilton La Jolla Torrey Pines Mortgage Loan was,
and will continue to be, serviced and administered pursuant to the pooling and
servicing agreement with respect to the BANK 2024-BNK48 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.

 Wells Fargo Bank, National
Association is the master servicer of the mortgage loans serviced under the
Pooling and Servicing Agreement and the primary servicer of the Bridge Point
Rancho Cucamonga Mortgage Loan, the Dallas Market Center Mortgage Loan and the
Hilton La Jolla Torrey Pines 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.

 Computershare Trust Company,
National Association acts as trustee of the 900 North Michigan Mortgage Loan,
the St. Johns Town Center Mortgage Loan, the Arizona Grand Resort and Spa
Mortgage Loan, the Dallas Market Center Mortgage Loan, the Bridge Point Rancho
Cucamonga Mortgage Loan and the Hilton La Jolla Torrey Pines Mortgage
Loan. Pursuant to the Pooling and Servicing Agreement, the pooling and
servicing agreement for the BANK 2024-BNK47 Transaction, the trust and
servicing agreement for the WFCM 2024-BPRC Transaction and the pooling and
servicing agreement for the BANK 2024-BNK48 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 900 North Michigan Mortgage
Loan, the St. Johns Town Center Mortgage Loan, the Arizona Grand Resort and Spa
Mortgage Loan, the Dallas Market Center Mortgage Loan, the Bridge Point Rancho
Cucamonga Mortgage Loan and the Hilton La Jolla Torrey Pines 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 Dallas Market Center Mortgage Loan, the Bridge Point Rancho
Cucamonga Mortgage Loan and the Hilton La Jolla Torrey Pines 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)).

 The
assessments of compliance with applicable servicing criteria, accountants'
attestation reports and servicer compliance statements of the certificate
administrator of the Dallas Market Center Mortgage Loan, the Bridge Point
Rancho Cucamonga Mortgage Loan and the Hilton La Jolla Torrey Pines
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 combinations that include the Dallas Market Center Mortgage Loan and the
Bridge Point Rancho Cucamonga Mortgage Loan, the servicer compliance statements
of Rialto Capital Advisors, LLC as special servicer of the Dallas Market Center
Mortgage Loan and Argentic Services Company LP as special servicer of the
Bridge Point Rancho Cucamonga Mortgage Loan, listed on the Exhibit Index are
omitted from this Annual Report on Form 10-K as they are not required by Item
1123 of Regulation AB to be included on this Annual Report on Form 10-K because
they are each an unaffiliated party that is not a "servicer" that meets the
criteria in Item 1108(a)(2)(i) through (iii) 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.

 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 12, 2024 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 Dallas Market Center Mortgage
Loan, which is being serviced and administered pursuant to the pooling and
servicing agreement for the BANK 2024-BNK47 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 BANK 2024-BNK47 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
BANK 2024-BNK47 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 Bridge Point Rancho Cucamonga
Mortgage Loan, which is being serviced and administered pursuant to the trust
and servicing agreement for the WFCM 2024-BPRC 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 WFCM 2024-BPRC 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 WFCM
2024-BPRC 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 La Jolla Torrey Pines
Mortgage Loan, which is being serviced and administered pursuant to the pooling
and servicing agreement for the BANK 2024-BNK48 Transaction, are attached
hereto under Item 15 to this Annual Report on Form 10-K. Attached as Exhibit Z
to the pooling and servicing agreement for the BANK 2024-BNK48 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
BANK 2024-BNK48 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, 2024, among Barclays Commercial
Mortgage Securities LLC, as Depositor, Wells Fargo Bank, National Association,
as Master Servicer, LNR Partners, LLC, as Special Servicer, Computershare Trust
Company, National Association, as Certificate Administrator and 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 12, 2024 under Commission File No. 333-276033-03 and

 4.2
 Pooling
and Servicing Agreement, dated as of June 1, 2024, among Wells Fargo Commercial
Mortgage Securities, Inc., as Depositor, Wells Fargo Bank, National
Association, as General Master Servicer, Rialto Capital Advisors, LLC, as
General Special Servicer, National Cooperative Bank, N.A., as NCB Master
Servicer and as NCB Special Servicer, Computershare Trust Company, N.A., as
Certificate Administrator and as Trustee, and Park Bridge Lender Services LLC,
as Operating Advisor and as Asset Representations Reviewer (filed as
Exhibit 4.3 to the registrant's Current Report on Form 8-K filed on August 12,

 4.3
 Trust
and Servicing Agreement, dated as of July 15, 2024, among Wells Fargo
Commercial Mortgage Securities, Inc., as Depositor, Wells Fargo Bank, National
Association, as Servicer, Argentic Services Company LP, as Special Servicer,
Computershare Trust Company, National Association, as Certificate Administrator
and as Trustee, and BellOak, LLC, as Operating Advisor (filed as Exhibit
4.2 to the registrant's Current Report on Form 8-K filed on August 12, 2024
under Commission File No. 333-276033-03 and incorporated by reference herein).

 4.4
 Pooling
and Servicing Agreement, dated as of October 1, 2024, between Morgan Stanley
Capital I Inc., as Depositor, Wells Fargo Bank, National Association, as
General Master Servicer, LNR Partners, LLC, as General Special Servicer,
National Cooperative Bank, N.A., as NCB Master Servicer and as NCB Special
Servicer, Computershare Trust Company, National Association, as Certificate
Administrator and as Trustee, Deutsche Bank National Trust Company, as NCB
Co-Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as
Asset Representations Reviewer (filed as Exhibit 4.1 to the registrant's
Current Report on Form 8-K filed on October 15, 2024 under Commission File No.
333-276033-03 and incorporated by reference herein).

 4.5
 Amended
and Restated Co-Lender Agreement, entered into September 19, 2024 and dated as
of June 28, 2024, by and among Computershare Trust Company, National
Association, as trustee for the benefit of the registered holders of the Wells
Fargo Commercial Mortgage Trust 2024-BPRC, Commercial Mortgage Pass-Through
Certificates, Series 2024-BPRC, as Note Holder of Note A-1, Computershare Trust
Company, National Association, as trustee for the benefit of the registered
holders of the Wells Fargo Commercial Mortgage Trust 2024-C63, Commercial
Mortgage Pass-Through Certificates, Series 2024-C63, as Note Holder of Note
A-2-1, Wells Fargo Bank, National Association, as Note Holder of Note A-2-2,
Note A-4, Note A-5 and Note A-7, Computershare Trust Company, National Association,
as trustee for the benefit of the registered holders of the BBCMS Mortgage
Trust 2024-C28, Commercial Mortgage Pass-Through Certificates, Series 2024-C28,
as Note Holder of Note A-3 and Note A-6, and Computershare Trust Company,
National Association, as trustee for the benefit of the registered holders of
the Wells Fargo Commercial Mortgage Trust 2024-BPRC, Commercial Mortgage
Pass-Through Certificates, Series 2024-BPRC, as Note Holder of Note B (filed as
Exhibit 4.1 to the registrant's Current Report on Form 8-K filed on September
25, 2024 under Commission File No. 333-276033-03 and incorporated by reference

 4.6
 Agreement
Between Noteholders, dated as of August 2, 2024, by and between Goldman Sachs
Bank USA, as Initial Note A-1 Holder, Goldman Sachs Bank USA, as Initial Note
A-2 Holder, and Goldman Sachs Bank USA, as Initial Note A-3 Holder (filed as
Exhibit 4.5 to the registrant's Current Report on Form 8-K filed on August 12,

 4.7
 Agreement
Between Note Holders, dated as of May 10, 2024, by and between Barclays Capital
Real Estate Inc., JPMorgan Chase Bank, National Association, Goldman Sachs Bank
USA and Societe Generale Financial Corporation (filed as Exhibit 4.6 to the
registrant's Current Report on Form 8-K filed on August 12, 2024 under
Commission File No. 333-276033-03 and incorporated by reference herein).

 4.8
 Co-Lender
Agreement, dated as of August 5, 2024, between German American Capital
Corporation, as Note A-1-1 Holder and Note A-1-2 Holder, Goldman Sachs Bank
USA, as Note A-2-1 Holder and Note A-2-2 Holder, and Wells Fargo Bank, National
Association, as Note A-3 Holder (filed as Exhibit 4.7 to the registrant's
Current Report on Form 8-K filed on August 12, 2024 under Commission File No.
333-276033-03 and incorporated by reference herein).

 4.9
 Agreement
Between Noteholders, dated as of May 31, 2024, by and between Goldman Sachs
Bank USA, as Initial Note A-1 Holder, and Goldman Sachs Bank USA, as Initial
Note A-2 Holder (filed as Exhibit 4.8 to the registrant's Current Report on
Form 8-K filed on August 12, 2024 under Commission File No. 333-276033-03 and

 4.10
 Agreement
Between Note Holders, dated as of July 17, 2024, by and between Morgan Stanley
Bank, N.A., as Initial Note A-1 Holder, Barclays Capital Real Estate Inc., as
Initial Note A-2 Holder, and Morgan Stanley Mortgage Capital Holdings LLC, as
Initial Agent (filed as Exhibit 4.9 to the registrant's Current Report on Form
8-K filed on August 12, 2024 under Commission File No. 333-276033-03 and

 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
 LNR Partners, LLC, as Special Servicer

 33.3
as Trustee and Certificate Administrator

 33.4
as Custodian

 33.5
 Pentalpha Surveillance LLC, as Operating Advisor

 33.6
Participant

 33.7
Servicer of the 900 North Michigan Mortgage Loan (see Exhibit 33.1)

 33.8
 LNR Partners, LLC, as Special Servicer of the 900
North Michigan Mortgage Loan (see Exhibit 33.2)

 33.9
Computershare Trust Company, National Association, as Trustee of the 900 North
Michigan Mortgage Loan (Omitted. See Explanatory Notes.)

 33.10
as Custodian of the 900 North Michigan Mortgage Loan (see Exhibit 33.4)

 33.11
the 900 North Michigan Mortgage Loan (see Exhibit 33.5)

 33.12
Participant of the 900 North Michigan Mortgage Loan (see Exhibit 33.6)

 33.13
Servicer of the St. Johns Town Center Mortgage Loan (see Exhibit 33.1)

 33.14
 LNR Partners, LLC, as Special Servicer of the St.
Johns Town Center Mortgage Loan (see Exhibit 33.2)

 33.15
Computershare Trust Company, National Association, as Trustee of the St. Johns
Town Center Mortgage Loan (Omitted. See Explanatory Notes.)

 33.16
as Custodian of the St. Johns Town Center Mortgage Loan (see Exhibit 33.4)

 33.17
the St. Johns Town Center Mortgage Loan (see Exhibit 33.5)

 33.18
Participant of the St. Johns Town Center Mortgage Loan (see Exhibit 33.6)

 33.19
Servicer of the Arizona Grand Resort and Spa Mortgage Loan (see Exhibit 33.1)

 33.20
Arizona Grand Resort and Spa Mortgage Loan (see Exhibit 33.2)

 33.21
Computershare Trust Company, National Association, as Trustee of the Arizona
Grand Resort and Spa Mortgage Loan (Omitted. See Explanatory Notes.)

 33.22
as Custodian of the Arizona Grand Resort and Spa Mortgage Loan (see Exhibit
33.4)

 33.23
the Arizona Grand Resort and Spa Mortgage Loan (see Exhibit 33.5)

 33.24
Participant of the Arizona Grand Resort and Spa Mortgage Loan (see Exhibit
33.6)

 33.25
Servicer of the Dallas Market Center Mortgage Loan (see Exhibit 33.1)

 33.26
 Rialto Capital Advisors, LLC, as Special Servicer
of the Dallas Market Center Mortgage Loan

 33.27
Computershare Trust Company, National Association, as Trustee of the Dallas
Market Center Mortgage Loan (Omitted. See Explanatory Notes.)

 33.28
as Custodian of the Dallas Market Center Mortgage Loan (see Exhibit 33.4)

 33.29
 Park Bridge Lender Services LLC, as Operating
Advisor of the Dallas Market Center Mortgage Loan

 33.30
Participant of the Dallas Market Center Mortgage Loan (see Exhibit 33.6)

 33.31
Servicer of the Bridge Point Rancho Cucamonga Mortgage Loan (see Exhibit 33.1)

 33.32
 Argentic Services Company LP, as Special Servicer
of the Bridge Point Rancho Cucamonga Mortgage Loan

 33.33
Computershare Trust Company, National Association, as Trustee of the Bridge
Point Rancho Cucamonga Mortgage Loan (Omitted. See Explanatory Notes.)

 33.34
as Custodian of the Bridge Point Rancho Cucamonga Mortgage Loan (see Exhibit
33.4)

 33.35
 BellOak, LLC, as Operating Advisor of the Bridge
Point Rancho Cucamonga Mortgage Loan

 33.36
Participant of the Bridge Point Rancho Cucamonga Mortgage Loan (see Exhibit
33.6)

 33.37
Servicer of the Hilton La Jolla Torrey Pines Mortgage Loan (see Exhibit 33.1)

 33.38
Hilton La Jolla Torrey Pines Mortgage Loan (see Exhibit 33.2)

 33.39
Computershare Trust Company, National Association, as Trustee of the Hilton La
Jolla Torrey Pines Mortgage Loan (Omitted. See Explanatory Notes.)

 33.40
as Custodian of the Hilton La Jolla Torrey Pines Mortgage Loan (see Exhibit
33.4)

 33.41
 Park Bridge Lender Services LLC, as Operating
Advisor of the Hilton La Jolla Torrey Pines Mortgage Loan (see Exhibit 33.29)

 33.42
Participant of the Hilton La Jolla Torrey Pines Mortgage Loan (see Exhibit
33.6)

 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
 LNR Partners, LLC, as Special Servicer

 34.3
as Trustee and Certificate Administrator

 34.4
as Custodian

 34.5
 Pentalpha Surveillance LLC, as Operating Advisor

 34.6
Participant

 34.7
Servicer of the 900 North Michigan Mortgage Loan (see Exhibit 34.1)

 34.8
 LNR Partners, LLC, as Special Servicer of the 900
North Michigan Mortgage Loan (see Exhibit 34.2)

 34.9
Computershare Trust Company, National Association, as Trustee of the 900 North
Michigan Mortgage Loan (Omitted. See Explanatory Notes.)

 34.10
as Custodian of the 900 North Michigan Mortgage Loan (see Exhibit 34.4)

 34.11
the 900 North Michigan Mortgage Loan (see Exhibit 34.5)

 34.12
Participant of the 900 North Michigan Mortgage Loan (see Exhibit 34.6)

 34.13
Servicer of the St. Johns Town Center Mortgage Loan (see Exhibit 34.1)

 34.14
 LNR Partners, LLC, as Special Servicer of the St.
Johns Town Center Mortgage Loan (see Exhibit 34.2)

 34.15
Computershare Trust Company, National Association, as Trustee of the St. Johns
Town Center Mortgage Loan (Omitted. See Explanatory Notes.)

 34.16
as Custodian of the St. Johns Town Center Mortgage Loan (see Exhibit 34.4)

 34.17
the St. Johns Town Center Mortgage Loan (see Exhibit 34.5)

 34.18
Participant of the St. Johns Town Center Mortgage Loan (see Exhibit 34.6)

 34.19
Servicer of the Arizona Grand Resort and Spa Mortgage Loan (see Exhibit 34.1)

 34.20
Arizona Grand Resort and Spa Mortgage Loan (see Exhibit 34.2)

 34.21
Computershare Trust Company, National Association, as Trustee of the Arizona
Grand Resort and Spa Mortgage Loan (Omitted. See Explanatory Notes.)

 34.22
as Custodian of the Arizona Grand Resort and Spa Mortgage Loan (see Exhibit
34.4)

 34.23
the Arizona Grand Resort and Spa Mortgage Loan (see Exhibit 34.5)

 34.24
Participant of the Arizona Grand Resort and Spa Mortgage Loan (see Exhibit
34.6)

 34.25
Servicer of the Dallas Market Center Mortgage Loan (see Exhibit 34.1)

 34.26
 Rialto Capital Advisors, LLC, as Special Servicer
of the Dallas Market Center Mortgage Loan

 34.27
Computershare Trust Company, National Association, as Trustee of the Dallas
Market Center Mortgage Loan (Omitted. See Explanatory Notes.)

 34.28
as Custodian of the Dallas Market Center Mortgage Loan (see Exhibit 34.4)

 34.29
 Park Bridge Lender Services LLC, as Operating
Advisor of the Dallas Market Center Mortgage Loan

 34.30
Participant of the Dallas Market Center Mortgage Loan (see Exhibit 34.6)

 34.31
Servicer of the Bridge Point Rancho Cucamonga Mortgage Loan (see Exhibit 34.1)

 34.32
 Argentic Services Company LP, as Special Servicer
of the Bridge Point Rancho Cucamonga Mortgage Loan

 34.33
Computershare Trust Company, National Association, as Trustee of the Bridge
Point Rancho Cucamonga Mortgage Loan (Omitted. See Explanatory Notes.)

 34.34
as Custodian of the Bridge Point Rancho Cucamonga Mortgage Loan (see Exhibit
34.4)

 34.35
 BellOak, LLC, as Operating Advisor of the Bridge
Point Rancho Cucamonga Mortgage Loan

 34.36
Participant of the Bridge Point Rancho Cucamonga Mortgage Loan (see Exhibit
34.6)

 34.37
Servicer of the Hilton La Jolla Torrey Pines Mortgage Loan (see Exhibit 34.1)

 34.38
Hilton La Jolla Torrey Pines Mortgage Loan (see Exhibit 34.2)

 34.39
Computershare Trust Company, National Association, as Trustee of the Hilton La
Jolla Torrey Pines Mortgage Loan (Omitted. See Explanatory Notes.)

 34.40
as Custodian of the Hilton La Jolla Torrey Pines Mortgage Loan (see Exhibit
34.4)

 34.41
 Park Bridge Lender Services LLC, as Operating
Advisor of the Hilton La Jolla Torrey Pines Mortgage Loan (see Exhibit 34.29)

 34.42
Participant of the Hilton La Jolla Torrey Pines Mortgage Loan (see Exhibit
34.6)

Servicer compliance statements.

 35.1
 Wells Fargo Bank, National Association, as Master
Servicer

 35.2
 LNR Partners, LLC, as Special Servicer

 35.3
as Certificate Administrator

 35.4
Servicer of the 900 North Michigan Mortgage Loan (see Exhibit 35.1)

 35.5
 LNR Partners, LLC, as Special Servicer of the 900
North Michigan Mortgage Loan (see Exhibit 35.2)

 35.6
Servicer of the St. Johns Town Center Mortgage Loan (see Exhibit 35.1)

 35.7
 LNR Partners, LLC, as Special Servicer of the St.
Johns Town Center Mortgage Loan (see Exhibit 35.2)

 35.8
Servicer of the Arizona Grand Resort and Spa Mortgage Loan (see Exhibit 35.1)

 35.9
Arizona Grand Resort and Spa Mortgage Loan (see Exhibit 35.2)

 35.10
Servicer of the Dallas Market Center Mortgage Loan (see Exhibit 35.1)

 35.11
Rialto Capital Advisors, LLC, as Special Servicer of the Dallas Market Center
Mortgage Loan (Omitted. See Explanatory Notes.)

 35.12
Servicer of the Bridge Point Rancho Cucamonga Mortgage Loan (see Exhibit 35.1)

 35.13
Argentic Services Company LP, as Special Servicer of the Bridge Point Rancho
Cucamonga Mortgage Loan (Omitted. See Explanatory Notes.)

 35.14
Servicer of the Hilton La Jolla Torrey Pines Mortgage Loan (see Exhibit 35.1)

 35.15
Hilton La Jolla Torrey Pines Mortgage Loan (see Exhibit 35.2)

 99.1
Loan Purchase Agreement, dated as of August 29, 2024, among Barclays Capital
Real Estate Inc., Barclays Capital Holdings Inc. and Barclays Commercial
Mortgage Securities LLC (filed as Exhibit 99.1 to the registrant's Current
Report on Form 8-K filed on August 12, 2024 under Commission File No.
333-276033-03 and incorporated by reference herein).

 99.2
Loan Purchase Agreement, dated as of August 29, 2024, between Goldman Sachs
Mortgage Company and Barclays Commercial Mortgage Securities LLC (filed as
Exhibit 99.2 to the registrant's Current Report on Form 8-K filed on August 12,

 99.3
Loan Purchase Agreement, dated as of August 29, 2024, among Societe Generale
Financial Corporation, Soci t G n rale and Barclays Commercial Mortgage
Securities LLC (filed as Exhibit 99.3 to the registrant's Current Report on
Form 8-K filed on August 12, 2024 under Commission File No. 333-276033-03 and

 99.4
Loan Purchase Agreement, dated as of August 29, 2024, between Wells Fargo Bank,
National Association and Barclays Commercial Mortgage Securities LLC (filed as
Exhibit 99.4 to the registrant's Current Report on Form 8-K filed on August 12,

 99.5
Loan Purchase Agreement, dated as of August 29, 2024, between UBS AG, by and
through its branch at 1285 Avenue of the Americas, New York, New York and
Barclays Commercial Mortgage Securities LLC (filed as Exhibit 99.5 to the
registrant's Current Report on Form 8-K filed on August 12, 2024 under
Commission File No. 333-276033-03 and incorporated by reference herein).

 99.6
Loan Purchase Agreement, dated as of August 29, 2024, Zions Bancorporation,
N.A. and Barclays Commercial Mortgage Securities LLC (filed as Exhibit 99.6 to
the registrant's Current Report on Form 8-K filed on August 12, 2024 under
Commission File No. 333-276033-03 and incorporated by reference herein).

 99.7
Loan Purchase Agreement, dated as of August 29, 2024, between German American
Capital Corporation and Barclays Commercial Mortgage Securities LLC (filed as
Exhibit 99.7 to the registrant's Current Report on Form 8-K filed on August 12,

 99.8
Loan Purchase Agreement, dated as of August 29, 2024, between Starwood Mortgage
Capital LLC and Barclays Commercial Mortgage Securities LLC (filed as Exhibit
99.8 to the registrant's Current Report on Form 8-K filed on August 12, 2024
under Commission File No. 333-276033-03 and incorporated by reference herein).

 99.9
Loan Purchase Agreement, dated as of August 29, 2024, among Ladder Capital
Finance LLC, Ladder Capital Corp. and Barclays Commercial Mortgage Securities
LLC (filed as Exhibit 99.9 to the registrant's Current Report on Form 8-K filed
on August 12, 2024 under Commission File No. 333-276033-03 and incorporated by
reference herein).

 99.10
Loan Purchase Agreement, dated as of August 29, 2024, among BSPRT CMBS Finance,
LLC, Franklin BSP Realty Trust, Inc. and Barclays Commercial Mortgage
Securities LLC (filed as Exhibit 99.10 the registrant's Current Report on Form
8-K filed on August 12, 2024 under Commission File No. 333-276033-03 and

 (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.

 Barclays Commercial Mortgage
Securities LLC

(Depositor)

 /s/ Daniel
Schmidt

 Daniel
Schmidt, Chief Executive Officer

 (senior officer in charge of
securitization of the depositor)

 Date: March 13, 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: 333-190246-10

 Central Index Key Number of the issuing entity:
0001622413

 JPMBB Commercial Mortgage
Securities Trust 2014-C25

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

 Central Index Key Number of the depositor: 0001013611

 J.P. Morgan Chase Commercial
Mortgage Securities Corp.

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

 Central Index Key Number of the sponsor: 0000835271

 JPMorgan Chase Bank, National
Association

 Central Index Key Number of the sponsor: 0001541468

 Ladder Capital Finance LLC

 Central Index Key Number of the sponsor: 0000312070

 Barclays Bank PLC

 Central Index Key Number of the sponsor: 0001682523

 Starwood Mortgage Funding II LLC

 Central Index Key Number of the sponsor: 0001567746

 Aspire HEI, Inc. (formerly known as
Redwood Commercial Mortgage Corporation)

 Central Index Key Number of the sponsor: 0001628601

 Column Financial, Inc.

 New York

 (State or other jurisdiction of

 incorporation or organization of

 the issuing entity)

 38-3943078

 38-3943079

 38-3943080

 38-7120335

 (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) 834-5467

 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 Hilton Houston Post Oak Mortgage Loan and the
Florida Multifamily Portfolio Mortgage Loan, which constituted approximately
3.8% and 3.0%, respectively, of the asset pool of the issuing entity as of its
cut-off date, are each an asset of the issuing entity and is part of a loan
combination that includes the Hilton Houston Post Oak Mortgage Loan and the
Florida Multifamily Portfolio Mortgage Loan, and one other pari passu
loan, which are not assets of the issuing entity. These loan combination,
including the Hilton Houston Post Oak Mortgage Loan and the Florida Multifamily
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 Wilton Commercial Portfolio Mortgage Loan,
which constituted approximately 2.8% of the asset pool of the issuing entity as
of its cut-off date. The Wilton Commercial Portfolio Mortgage Loan is an
asset of the issuing entity and is part of a loan combination that includes the
Wilton Commercial Portfolio Mortgage Loan and one other pari passu loan,
which is not an asset of the issuing entity. The other pari passu
portion of the loan combination was securitized in the COMM 2014-LC17 Mortgage
Trust transaction, Commission File Number 333-193376-11 (the " COMM 2014-LC17
Transaction "). This loan combination, including the Wilton Commercial
Portfolio Mortgage Loan, is being serviced and administered pursuant to the
pooling and servicing agreement for the COMM 2014-LC17 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 Grapevine Mills Mortgage Loan, which
constituted approximately 6.2% of the asset pool of the issuing entity as of its
cut-off date. The Grapevine Mills Mortgage Loan is an asset of the
issuing entity and is part of a loan combination that includes the Grapevine
Mills Mortgage Loan and four other pari passu loans, which are not
assets of the issuing entity. A pari passu portion of the loan
combination was securitized in the JPMBB Commercial Mortgage Securities Trust
2014-C23 transaction, Commission File Number 333-190246-08 (the " JPMBB
2014-C23 Transaction "). This loan combination, including the Grapevine
Mills Mortgage Loan, is being serviced and administered pursuant to the pooling
and servicing agreement for the JPMBB 2014-C23 Transaction, which is
incorporated by reference as Exhibit 4.3 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 Grapevine Mills Mortgage Loan and the Wilton Commercial
Portfolio 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 Grapevine Mills Mortgage Loan and the Wilton
Commercial Portfolio 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.

 Rialto Capital Advisors, LLC is
the special servicer of the mortgage loans serviced under the Pooling and
Servicing Agreement and the Grapevine Mills 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.

 LNR Partners, LLC is an affiliate
of Starwood Mortgage Funding II LLC, one of the sponsors. Therefore, the
Depositor included in this Annual Report on Form 10-K a servicer compliance
statement for LNR Partners, LLC pursuant to Item 1123. Because LNR
Partners, LLC is servicing less than 5% of the pool assets, an assessment of
compliance with applicable servicing criteria and an accountants' attestation
report pursuant to Item 1122 of Regulation AB are not required by Regulation
AB. As the attestation made in the servicer compliance statement required
by Item 1123 relates to a review of the servicing activities of LNR Partners,
LLC under the applicable servicing agreement, and that review was conducted in
conjunction with the servicer's preparation of its assessment of compliance
with applicable servicing criteria, that assessment of compliance with
applicable servicing criteria and the accompanying accountants' attestation
report are included in this Annual Report on Form 10-K for the sake of
completeness.

 Wilmington Trust, National
Association acts as trustee of the mortgage loans serviced under the
Pooling and Servicing Agreement, the Wilton Commercial Portfolio Mortgage Loan
and the Grapevine Mills Mortgage Loan. Pursuant to the Pooling and Servicing
Agreement, the pooling and servicing agreement for the COMM 2014-LC17
Transaction and the pooling and servicing agreement for the JPMBB 2014-C23
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,
the Wilton Commercial Portfolio Mortgage Loan and the Grapevine Mills Mortgage
Loan have delivered one or more assessments of compliance with respect to Item
1122(d)(2)(iii) of Regulation AB.

 This Annual Report on Form 10-K
includes assessments of compliance with applicable servicing criteria and
accountants' attestation reports from CoreLogic Solutions, LLC. This
entity was engaged by the master servicer under the Pooling and Servicing
Agreement and the primary servicer of the Wilton Commercial Portfolio Mortgage
Loan and the Grapevine Mills Mortgage Loan to remit tax payments received from
the escrow accounts of borrowers to local taxing authorities, to report tax
amounts due, to verify tax parcel information, and to verify non-escrow tax
payments. 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 Wilton Commercial Portfolio Mortgage Loan and the
Grapevine Mills 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 Wilton Commercial Portfolio Mortgage Loan,
the report on assessment of compliance with servicing criteria and attestation
report on assessment of compliance with servicing criteria of Park Bridge
Lender Services LLC as operating advisor of the Wilton Commercial Portfolio
Mortgage Loan, listed on the Exhibit Index are omitted from this Annual Report
on Form 10-K as they are not required to be included on this Annual Report on
Form 10-K per Instruction 3 to Item 1122 of Regulation AB because it is a party
performing activities that address servicing criteria relating to 5% or less of
the assets of the issuing entity.

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

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

 The reports on assessments of compliance with the servicing
criteria for asset-backed securities and related attestation reports on such
assessments of compliance with respect to the mortgage loans are attached
hereto under Item 15 to this Annual Report on Form 10-K. Attached as 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 Wilton Commercial Portfolio
Mortgage Loan, which is being serviced and administered pursuant to the pooling
and servicing agreement for the COMM 2014-LC17 Transaction, are attached hereto
under Item 15 to this Annual Report on Form 10-K. Attached as Schedule II to
the pooling and servicing agreement for the COMM 2014-LC17 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
COMM 2014-LC17 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 Grapevine Mills Mortgage Loan,
which is being serviced and administered pursuant to the pooling and servicing
agreement for the JPMBB 2014-C23 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 JPMBB 2014-C23 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 JPMBB
2014-C23 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 November 1,
2014, by and among J.P. Morgan Chase Commercial Mortgage Securities Corp., as
Depositor, Wells Fargo Bank, National Association, as Master Servicer, Rialto
Capital Advisors, LLC, as Special Servicer, Wells Fargo Bank, National
Association, as Certificate Administrator, Wilmington Trust, National
Association, as Trustee, and Pentalpha Surveillance LLC, as Senior Trust
Advisor (filed as Exhibit 4.1 to the registrant's Current Report on Form 8-K
filed on November 24, 2014 under Commission File No. 333-190246-10 and
incorporated by reference herein).

 4.2
 Pooling and Servicing Agreement, dated as of September 1,
2014, by and among Deutsche Mortgage & Asset Receiving Corporation, as
Depositor, Wells Fargo Bank, National Association, as Master Servicer,
Certificate Administrator, Paying Agent, and Custodian, LNR Partners, LLC, as
Special Servicer, Wilmington Trust, National Association, as Trustee and Park
Bridge Lender Services LLC, as Operating Advisor (filed as Exhibit 4.3 to the
registrant's Current Report on Form 8-K filed on November 24, 2014 under Commission
File No. 333-190246-10 and incorporated by reference herein).

 4.3
 Pooling and Servicing Agreement, dated as of September 1,
2014, by and among J.P. Morgan Chase Commercial Mortgage Securities Corp., as
Depositor, Wells Fargo Bank, National Association, as Master Servicer,
CWCapital Asset Management LLC, as Special Servicer, Wells Fargo Bank, National
Association, as Certificate Administrator, Wilmington Trust, National
Association, as Trustee, and Pentalpha Surveillance LLC, as Senior Trust
Advisor (filed as Exhibit 4.2 to the registrant's Current Report on Form 8-K filed
on November 24, 2014 under Commission File No. 333-190246-10 and incorporated
by reference herein).

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

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

 33.1
 Wells Fargo Bank, National Association, as Master
Servicer

 33.2

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

 33.4
Certificate Administrator

 33.5
Custodian

 33.6

 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 Hilton Houston Post Oak Mortgage Loan (see Exhibit 33.1)

 33.11
of the Hilton Houston Post Oak Mortgage Loan (see Exhibit 33.2)

 33.12
Wilmington Trust, National Association, as Trustee of the Hilton Houston Post
Oak Mortgage Loan (Omitted. See Explanatory Notes.)

 33.13
Custodian of the Hilton Houston Post Oak Mortgage Loan (see Exhibit 33.5)

 33.14
of the Hilton Houston Post Oak Mortgage Loan (see Exhibit 33.6)

 33.15
Participant of the Hilton Houston Post Oak Mortgage Loan (see Exhibit 33.7)

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

 33.17
Servicer of the Florida Multifamily Portfolio Mortgage Loan (see Exhibit 33.1)

 33.18
of the Florida Multifamily Portfolio Mortgage Loan (see Exhibit 33.2)

 33.19
Wilmington Trust, National Association, as Trustee of the Florida Multifamily

 33.20
Custodian of the Florida Multifamily Portfolio Mortgage Loan (see Exhibit 33.5)

 33.21
of the Florida Multifamily Portfolio Mortgage Loan (see Exhibit 33.6)

 33.22
Participant of the Florida Multifamily Portfolio Mortgage Loan (see Exhibit
33.7)

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

 33.24
Servicer of the Wilton Commercial Portfolio Mortgage Loan (see Exhibit 33.1)

 33.25
 LNR Partners, LLC, as Special Servicer of the
Wilton Commercial Portfolio Mortgage Loan

 33.26
Wilmington Trust, National Association, as Trustee of the Wilton Commercial

 33.27
Custodian of the Wilton Commercial Portfolio Mortgage Loan (see Exhibit 33.5)

 33.28
Park Bridge Lender Services LLC, as Operating Advisor of the Wilton Commercial

 33.29
Participant of the Wilton Commercial 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 Grapevine Mills Mortgage Loan (see Exhibit 33.1)

 33.32
of the Grapevine Mills Mortgage Loan (see Exhibit 33.2)

 33.33
Wilmington Trust, National Association, as Trustee of the Grapevine Mills
Mortgage Loan (Omitted. See Explanatory Notes.)

 33.34
Custodian of the Grapevine Mills Mortgage Loan (see Exhibit 33.5)

 33.35
of the Grapevine Mills Mortgage Loan (see Exhibit 33.6)

 33.36
Participant of the Grapevine Mills 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

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

 34.4
Certificate Administrator

 34.5
Custodian

 34.6

 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 Hilton Houston Post Oak Mortgage Loan (see Exhibit 34.1)

 34.11
of the Hilton Houston Post Oak Mortgage Loan (see Exhibit 34.2)

 34.12
Wilmington Trust, National Association, as Trustee of the Hilton Houston Post
Oak Mortgage Loan (Omitted. See Explanatory Notes.)

 34.13
Custodian of the Hilton Houston Post Oak Mortgage Loan (see Exhibit 34.5)

 34.14
of the Hilton Houston Post Oak Mortgage Loan (see Exhibit 34.6)

 34.15
Participant of the Hilton Houston Post Oak Mortgage Loan (see Exhibit 34.7)

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

 34.17
Servicer of the Florida Multifamily Portfolio Mortgage Loan (see Exhibit 34.1)

 34.18
of the Florida Multifamily Portfolio Mortgage Loan (see Exhibit 34.2)

 34.19
Wilmington Trust, National Association, as Trustee of the Florida Multifamily

 34.20
Custodian of the Florida Multifamily Portfolio Mortgage Loan (see Exhibit 34.5)

 34.21
of the Florida Multifamily Portfolio Mortgage Loan (see Exhibit 34.6)

 34.22
Participant of the Florida Multifamily Portfolio Mortgage Loan (see Exhibit
34.7)

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

 34.24
Servicer of the Wilton Commercial Portfolio Mortgage Loan (see Exhibit 34.1)

 34.25
 LNR Partners, LLC, as Special Servicer of the
Wilton Commercial Portfolio Mortgage Loan

 34.26
Wilmington Trust, National Association, as Trustee of the Wilton Commercial

 34.27
Custodian of the Wilton Commercial Portfolio Mortgage Loan (see Exhibit 34.5)

 34.28
Park Bridge Lender Services LLC, as Operating Advisor of the Wilton Commercial

 34.29
Participant of the Wilton Commercial 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 Grapevine Mills Mortgage Loan (see Exhibit 34.1)

 34.32
of the Grapevine Mills Mortgage Loan (see Exhibit 34.2)

 34.33
Wilmington Trust, National Association, as Trustee of the Grapevine Mills
Mortgage Loan (Omitted. See Explanatory Notes.)

 34.34
Custodian of the Grapevine Mills Mortgage Loan (see Exhibit 34.5)

 34.35
of the Grapevine Mills Mortgage Loan (see Exhibit 34.6)

 34.36
Participant of the Grapevine Mills 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

 35.3
Certificate Administrator

 35.4
as Servicing Function Participant for the Certificate Administrator

 35.5
Servicer of the Hilton Houston Post Oak Mortgage Loan (see Exhibit 35.1)

 35.6
of the Hilton Houston Post Oak Mortgage Loan (see Exhibit 35.2)

 35.7
Servicer of the Florida Multifamily Portfolio Mortgage Loan (see Exhibit 35.1)

 35.8
of the Florida Multifamily Portfolio Mortgage Loan (see Exhibit 35.2)

 35.9
Servicer of the Wilton Commercial Portfolio Mortgage Loan (see Exhibit 35.1)

 35.10
 LNR Partners, LLC, as Special Servicer of the
Wilton Commercial Portfolio Mortgage Loan

 35.11
Servicer of the Grapevine Mills Mortgage Loan (see Exhibit 35.1)

 35.12
of the Grapevine Mills Mortgage Loan (see Exhibit 35.2)

 99.1 Mortgage Loan Purchase Agreement, dated as of November
24, 2014, between J.P. Morgan Chase Commercial Mortgage Securities Corp. and
JPMorgan Chase Bank, National Association (filed as Exhibit 99.1 to the
registrant's Current Report on Form 8-K filed on November 24, 2014 under
Commission File No. 333-190246-10 and incorporated by reference herein)

 99.2 Mortgage Loan Purchase Agreement, dated as of November
24, 2014, among J.P. Morgan Chase Commercial Mortgage Securities Corp., Ladder
Capital Finance LLC and Ladder Capital Finance Holdings LLLP (filed as Exhibit
99.2 to the registrant's Current Report on Form 8-K filed on November 24, 2014
under Commission File No. 333-190246-10 and incorporated by reference herein)

 99.3 Mortgage Loan Purchase Agreement, dated as of November
24, 2014, between J.P. Morgan Chase Commercial Mortgage Securities Corp. and
Barclays Bank PLC (filed as Exhibit 99.3 to the registrant's Current Report on
Form 8-K filed on November 24, 2014 under Commission File No. 333-190246-10 and
incorporated by reference herein)

 99.4 Mortgage Loan Purchase Agreement, dated as of November
24, 2014, among J.P. Morgan Chase Commercial Mortgage Securities Corp.,
Starwood Mortgage Funding II LLC and Starwood Mortgage Capital LLC (filed as
Exhibit 99.4 to the registrant's Current Report on Form 8-K filed on November
24, 2014 under Commission File No. 333-190246-10 and incorporated by reference
herein)

 99.5 Mortgage Loan Purchase Agreement, dated as of November
24, 2014, among J.P. Morgan Chase Commercial Mortgage Securities Corp., Redwood
Commercial Mortgage Corporation and Redwood Trust, Inc. (filed as Exhibit 99.5
to the registrant's Current Report on Form 8-K filed on November 24, 2014 under
Commission File No. 333-190246-10 and incorporated by reference herein)

 99.6 Mortgage Loan Purchase Agreement, dated as of November
24, 2014, between J.P. Morgan Chase Commercial Mortgage Securities Corp. and
Column Financial, Inc. (filed as Exhibit 99.6 to the registrant's Current
Report on Form 8-K filed on November 24, 2014 under Commission File No.
333-190246-10 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.

 J.P. Morgan Chase Commercial
Mortgage Securities Corp.

(Depositor)

 /s/ Kunal K. Singh

 Kunal K.
Singh, President and Chief Executive Officer

 (senior officer in charge of
securitization of the depositor)

 Date: March 13, 2025