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, 2023

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.

 Midland Loan
Services, a Division of PNC Bank, National Association is the special servicer
of the DoubleTree New York Times Square West Leased Fee Mortgage Loan and the
special servicer of the other mortgage loans serviced under the Pooling and
Servicing Agreement and The Grid Mortgage Loan prior to April 24, 2023. 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 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 on and after April 24, 2023. 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 Items 1122(d)(4)(xi) and
1122(d)(4)(xii) of Regulation AB. Therefore, under the principles-based
definition of "servicer" set forth in Item 1101(j) of Regulation AB that looks
to the functions that an entity performs, this vendor is a "servicer" for the
purposes of Item 1122 of Regulation AB. See Compliance and
Disclosure Interpretations, Section 301.01 (Item 1101(j)).

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

 The assessment of compliance with
applicable servicing criteria, accountants' attestation report and servicer
compliance statement of the certificate administrator of The 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 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. Exhibit 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 Midland Loan Services, a Division of PNC Bank,
National Association, as Special Servicer prior to April 24, 2023

 33.3
 K-Star Asset Management LLC, as Special Servicer on
and after April 24, 2023

 33.4
Wilmington Trust, National Association, as Trustee (Omitted. See Explanatory
Notes.)

 33.5
Certificate Administrator

 33.6
Custodian

 33.7
 Pentalpha Surveillance LLC, as Operating Advisor

 33.8
Participant

 33.9
as Servicing Function Participant for the Certificate Administrator

 33.10
as Servicing Function Participant for the Custodian

 33.11
Servicer of the PGH17 Self Storage Portfolio Mortgage Loan (see Exhibit 33.1)

 33.12
National Association, as Special Servicer of the PGH17 Self Storage Portfolio
Mortgage Loan prior to April 24, 2023 (see Exhibit 33.2)

 33.13
the PGH17 Self Storage Portfolio Mortgage Loan on and after April 24, 2023 (see
Exhibit 33.3)

 33.14
Wilmington Trust, National Association, as Trustee of the PGH17 Self Storage
Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

 33.15
Custodian of the PGH17 Self Storage Portfolio Mortgage Loan (see Exhibit 33.6)

 33.16
the PGH17 Self Storage Portfolio Mortgage Loan (see Exhibit 33.7)

 33.17
Participant of the PGH17 Self Storage Portfolio Mortgage Loan (see Exhibit
33.8)

 33.18
as Servicing Function Participant for the Custodian (see Exhibit 33.10)

 33.19
Servicer of the DoubleTree New York Times Square West Leased Fee Mortgage Loan
(see Exhibit 33.1)

 33.20
National Association, as Special Servicer of the DoubleTree New York Times
Square West Leased Fee Mortgage Loan (see Exhibit 33.2)

 33.21
Wilmington Trust, National Association, as Trustee of the DoubleTree New York
Times Square West Leased Fee Mortgage Loan (Omitted. See Explanatory Notes.)

 33.22
Custodian of the DoubleTree New York Times Square West Leased Fee Mortgage Loan
(see Exhibit 33.6)

 33.23
the DoubleTree New York Times Square West Leased Fee Mortgage Loan (see Exhibit
33.7)

 33.24
Participant of the DoubleTree New York Times Square West Leased Fee Mortgage
Loan (see Exhibit 33.8)

 33.25
as Servicing Function Participant for the Custodian (see Exhibit 33.10)

 33.26
Servicer of the 122nd Street Portfolio Mortgage Loan (see Exhibit 33.1)

 33.27
National Association, as Special Servicer of the 122nd Street Portfolio
Mortgage Loan prior to April 24, 2023 (see Exhibit 33.2)

 33.28
the 122nd Street Portfolio Mortgage Loan on and after April 24, 2023 (see
Exhibit 33.3)

 33.29
Wilmington Trust, National Association, as Trustee of the 122nd Street
Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

 33.30
Custodian of the 122nd Street Portfolio Mortgage Loan (see Exhibit 33.6)

 33.31
the 122nd Street Portfolio Mortgage Loan (see Exhibit 33.7)

 33.32
Participant of the 122nd Street Portfolio Mortgage Loan (see Exhibit 33.8)

 33.33
as Servicing Function Participant for the Custodian (see Exhibit 33.10)

 33.34
Servicer of The Grid Mortgage Loan (see Exhibit 33.1)

 33.35
National Association, as Special Servicer of The Grid Mortgage Loan prior to
April 24, 2023 (see Exhibit 33.2)

 33.36
The Grid Mortgage Loan on and after April 24, 2023 (see Exhibit 33.3)

 33.37
Wilmington Trust, National Association, as Trustee of The Grid Mortgage Loan
(Omitted. See Explanatory Notes.)

 33.38
Custodian of The Grid Mortgage Loan (see Exhibit 33.6)

 33.39
The Grid Mortgage Loan (see Exhibit 33.7)

 33.40
Participant of The Grid Mortgage Loan (see Exhibit 33.8)

 33.41
as Servicing Function Participant for the Custodian (see Exhibit 33.10)

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 Midland Loan Services, a Division of PNC Bank,
National Association, as Special Servicer prior to April 24, 2023

 34.3
 K-Star Asset Management LLC, as Special Servicer on
and after April 24, 2023

 34.4
Wilmington Trust, National Association, as Trustee (Omitted. See Explanatory
Notes.)

 34.5
Certificate Administrator

 34.6
Custodian

 34.7
 Pentalpha Surveillance LLC, as Operating Advisor

 34.8
Participant

 34.9
as Servicing Function Participant for the Certificate Administrator

 34.10
as Servicing Function Participant for the Custodian

 34.11
Servicer of the PGH17 Self Storage Portfolio Mortgage Loan (see Exhibit 34.1)

 34.12
National Association, as Special Servicer of the PGH17 Self Storage Portfolio
Mortgage Loan prior to April 24, 2023 (see Exhibit 34.2)

 34.13
the PGH17 Self Storage Portfolio Mortgage Loan on and after April 24, 2023 (see
Exhibit 34.3)

 34.14
Wilmington Trust, National Association, as Trustee of the PGH17 Self Storage
Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

 34.15
Custodian of the PGH17 Self Storage Portfolio Mortgage Loan (see Exhibit 34.6)

 34.16
the PGH17 Self Storage Portfolio Mortgage Loan (see Exhibit 34.7)

 34.17
Participant of the PGH17 Self Storage Portfolio Mortgage Loan (see Exhibit
34.8)

 34.18
as Servicing Function Participant for the Custodian (see Exhibit 34.10)

 34.19
Servicer of the DoubleTree New York Times Square West Leased Fee Mortgage Loan
(see Exhibit 34.1)

 34.20
National Association, as Special Servicer of the DoubleTree New York Times
Square West Leased Fee Mortgage Loan (see Exhibit 34.2)

 34.21
Wilmington Trust, National Association, as Trustee of the DoubleTree New York
Times Square West Leased Fee Mortgage Loan (Omitted. See Explanatory Notes.)

 34.22
Custodian of the DoubleTree New York Times Square West Leased Fee Mortgage Loan
(see Exhibit 34.6)

 34.23
the DoubleTree New York Times Square West Leased Fee Mortgage Loan (see Exhibit
34.7)

 34.24
Participant of the DoubleTree New York Times Square West Leased Fee Mortgage
Loan (see Exhibit 34.8)

 34.25
as Servicing Function Participant for the Custodian (see Exhibit 34.10)

 34.26
Servicer of the 122nd Street Portfolio Mortgage Loan (see Exhibit 34.1)

 34.27
National Association, as Special Servicer of the 122nd Street Portfolio
Mortgage Loan prior to April 24, 2023 (see Exhibit 34.2)

 34.28
the 122nd Street Portfolio Mortgage Loan on and after April 24, 2023 (see
Exhibit 34.3)

 34.29
Wilmington Trust, National Association, as Trustee of the 122nd Street
Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

 34.30
Custodian of the 122nd Street Portfolio Mortgage Loan (see Exhibit 34.6)

 34.31
the 122nd Street Portfolio Mortgage Loan (see Exhibit 34.7)

 34.32
Participant of the 122nd Street Portfolio Mortgage Loan (see Exhibit 34.8)

 34.33
as Servicing Function Participant for the Custodian (see Exhibit 34.10)

 34.34
Servicer of The Grid Mortgage Loan (see Exhibit 34.1)

 34.35
National Association, as Special Servicer of The Grid Mortgage Loan prior to
April 24, 2023 (see Exhibit 34.2)

 34.36
The Grid Mortgage Loan on and after April 24, 2023 (see Exhibit 34.3)

 34.37
Wilmington Trust, National Association, as Trustee of The Grid Mortgage Loan
(Omitted. See Explanatory Notes.)

 34.38
Custodian of The Grid Mortgage Loan (see Exhibit 34.6)

 34.39
The Grid Mortgage Loan (see Exhibit 34.7)

 34.40
Participant of The Grid Mortgage Loan (see Exhibit 34.8)

 34.41
as Servicing Function Participant for the Custodian (see Exhibit 34.10)

Servicer compliance statements.

 35.1
 Wells Fargo Bank, National Association, as Master
Servicer

 35.2 Midland Loan Services, a Division of PNC Bank,
National Association, as Special Servicer prior to April 24, 2023

 35.3
 K-Star Asset Management LLC, as Special Servicer on
and after April 24, 2023

 35.4
Certificate Administrator

 35.5
as Servicing Function Participant for the Certificate Administrator

 35.6
Servicer of the PGH17 Self Storage Portfolio Mortgage Loan (see Exhibit 35.1)

 35.7
National Association, as Special Servicer of the PGH17 Self Storage Portfolio
Mortgage Loan prior to April 24, 2023 (see Exhibit 35.2)

 35.8
the PGH17 Self Storage Portfolio Mortgage Loan on and after April 24, 2023 (see
Exhibit 35.3)

 35.9
Servicer of the DoubleTree New York Times Square West Leased Fee Mortgage Loan
(see Exhibit 35.1)

 35.10
National Association, as Special Servicer of the DoubleTree New York Times
Square West Leased Fee Mortgage Loan (see Exhibit 35.2)

 35.11
Servicer of the 122nd Street Portfolio Mortgage Loan (see Exhibit 35.1)

 35.12
National Association, as Special Servicer of the 122nd Street Portfolio
Mortgage Loan prior to April 24, 2023 (see Exhibit 35.2)

 35.13
the 122nd Street Portfolio Mortgage Loan on and after April 24, 2023 (see
Exhibit 35.3)

 35.14
Servicer of The Grid Mortgage Loan (see Exhibit 35.1)

 35.15
National Association, as Special Servicer of The Grid Mortgage Loan prior to
April 24, 2023 (see Exhibit 35.2)

 35.16
The Grid Mortgage Loan on and after April 24, 2023 (see Exhibit 35.3)

 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 15, 2024


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, 2023

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: 333-257737-10

 Central Index Key Number of the issuing entity:
0001994342

 BBCMS Mortgage Trust 2023-C22

 (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: 0000927971

 Bank of Montreal

 Central Index Key Number of the sponsor: 0001102113

 Bank of America, National
Association

 Central Index Key Number of the sponsor: 0001968416

 Argentic Real Estate Finance 2 LLC

 Central Index Key Number of the sponsor: 0001755531

 Societe Generale Financial
Corporation

 Central Index Key Number of the sponsor: 0001592182

 LMF Commercial, LLC

 Central Index Key Number of the sponsor: 0001089877

 KeyBank National Association

 Central Index Key Number of the sponsor: 0001548405

 Starwood Mortgage Capital 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)

 38-4279479

 38-4279480

 38-7292541

 (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

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 RTL Retail Portfolio Mortgage Loan, The
Muse & Eden Pointe Mortgage Loan, the Outlet Shoppes at Atlanta Mortgage
Loan, the Regency Retail Portfolio Mortgage Loan and the Knoll Ridge Apartments
Mortgage Loan, which constituted approximately 9.9%, 9.5%, 7.2%, 5.8% and 3.6%,
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 RTL Retail Portfolio Mortgage Loan,
eleven other pari passu loans, which are not assets of the issuing
entity, (b) with respect to The Muse & Eden Pointe Mortgage Loan, one other
 pari passu loan, which is not an asset of the issuing entity, (c) with
respect to the Outlet Shoppes at Atlanta Mortgage Loan, two other pari passu
loans, which are not assets of the issuing entity, (d) with respect to the
Regency Retail Portfolio Mortgage Loan, two other pari passu loans,
which are not assets of the issuing entity and (e) with respect to the Knoll
Ridge Apartments Mortgage Loan, two other pari passu loans, which are
not assets of the issuing entity. These loan combinations, including the RTL
Retail Portfolio Mortgage Loan, The Muse & Eden Pointe Mortgage Loan, the
Outlet Shoppes at Atlanta Mortgage Loan, the Regency Retail Portfolio Mortgage
Loan and the Knoll Ridge Apartments 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 Healthcare Trust MOB Portfolio Mortgage
Loan, which constituted approximately 7.7% of the asset pool of the issuing
entity as of its cut-off date. The Healthcare Trust MOB Portfolio
Mortgage Loan is an asset of the issuing entity and is part of a loan
combination that includes the Healthcare Trust MOB Portfolio Mortgage Loan and
nine other pari passu loans, which are not assets of the issuing entity.
A pari passu portion of the loan combination was securitized in the
BBCMS Mortgage Trust 2023-C20 transaction, Commission File Number 333-257737-08
(the " BBCMS 2023-C20 Transaction "). This loan combination, including the
Healthcare Trust MOB Portfolio Mortgage Loan, is being serviced and
administered pursuant to the pooling and servicing agreement for the BBCMS
2023-C20 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 Skorpios Industrial Mortgage Loan and the
Marriott Philadelphia West Mortgage Loan, which constituted approximately 2.2%
and 0.7%, respectively, of the asset pool of the issuing entity as of its
cut-off date. The Skorpios Industrial Mortgage Loan and the Marriott
Philadelphia West Mortgage Loan are each an asset of the issuing entity and are
each part of a loan combination that includes the Skorpios Industrial Mortgage
Loan and or the Marriott Philadelphia West Mortgage Loan and two other pari
passu loans, which are not assets of the issuing entity. A pari passu
portion of each loan combination was securitized in the BMO 2023-C6 Mortgage
Trust transaction, Commission File Number 333-255934-07 (the " BMO 2023-C6
Transaction "). These loan combinations, including the Skorpios Industrial
Mortgage Loan and the Marriott Philadelphia West Mortgage Loan, are being
serviced and administered pursuant to the pooling and servicing agreement for
the BMO 2023-C6 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 Rhino Retail Portfolio 2 Mortgage Loan,
which constituted approximately 6.6% of the asset pool of the issuing entity as
of its cut-off date. The Rhino Retail Portfolio 2 Mortgage Loan is an
asset of the issuing entity and is part of a loan combination that includes the
Rhino Retail Portfolio 2 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 BBCMS Mortgage Trust 2023-C21
transaction, Commission File Number 333-257737-09 (the " BBCMS 2023-C21
Transaction "). This loan combination, including the Rhino Retail Portfolio
2 Mortgage Loan, is being serviced and administered pursuant to the pooling and
servicing agreement for the BBCMS 2023-C21 Transaction, which is incorporated
by reference as Exhibit 4.4 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 CX – 250 Water Street Mortgage Loan and the
60 Hudson Mortgage Loan, which constituted approximately 7.2% and 5.8%,
respectively, of the asset pool of the issuing entity as of its cut-off
date. The CX – 250 Water Street Mortgage Loan and 60 Hudson 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 CX – 250 Water Street Mortgage Loan,
twenty other pari passu loans, which are not assets of the issuing
entity or (b) with respect to the 60 Hudson Mortgage Loan, eight other pari
passu loans, which are not assets of the issuing entity. The loan
combination, including the CX – 250 Water Street Mortgage Loan, was serviced
under the pooling and servicing agreement for the BANK 2023-BNK45 transaction,
and the loan combination, including the 60 Hudson Mortgage Loan, was serviced
under the Pooling and Servicing Agreement for the issuing entity, prior to the
closing of the securitization of a pari passu portion of the CX – 250
Water Street loan combination and the 60 Hudson loan combination in the MSWF
Commercial Mortgage Trust 2023-2 transaction, Commission File Number
333-257991-09 (the " MSWF 2023-2 Transaction "). After the closing
of the MSWF 2023-2 Transaction on December 21, 2023, these loan combinations,
including the CX – 250 Water Street Mortgage Loan and the 60 Hudson Mortgage
Loan were, and will continue to be, serviced and administered pursuant to the
pooling and servicing agreement with respect to the MSWF 2023-2 Transaction,
which is incorporated by reference as Exhibit 4.5 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 Rhino Retail Portfolio 2 Mortgage Loan and the Marriott Philadelphia West
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.

 Rialto Capital Advisors, LLC is
the special servicer of the mortgage loans serviced under the Pooling and
Servicing Agreement, the Skorpios Industrial Mortgage Loan and the Marriott
Philadelphia West 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.

 Computershare Trust Company,
National Association is the custodian of the mortgage loans serviced under the
Pooling and Servicing Agreement, the Healthcare Trust MOB Portfolio Mortgage
Loan, the CX – 250 Water Street Mortgage Loan, the Rhino Retail Portfolio 2
Mortgage Loan, the 60 Hudson Mortgage Loan, the Skorpios Industrial Mortgage
Loan and the Marriott Philadelphia West Mortgage Loan. As a result,
Computershare Trust Company, 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 Computershare Trust Company,
National Association in the capacities described above are listed in the
Exhibit Index.

 Park Bridge Lender Services LLC is
the operating advisor of the Healthcare Trust MOB Portfolio Mortgage Loan, the
Skorpios Industrial Mortgage Loan and the Marriott Philadelphia West 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.

 Wells Fargo Bank, National
Association is the primary servicer of the CX – 250 Water Street Mortgage Loan
and the 60 Hudson 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.

 Argentic Services Company LP is
the special servicer of the CX – 250 Water Street Mortgage Loan and the 60
Hudson Mortgage Loan. As a result, Argentic Services Company LP 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 Argentic
Services Company LP in the capacities described above are listed in the Exhibit
Index.

 Computershare Trust Company,
National Association acts as trustee of the RTL Retail Portfolio Mortgage Loan,
The Muse & Eden Pointe Mortgage Loan, the Outlet Shoppes at Atlanta
Mortgage Loan, the Regency Retail Portfolio Mortgage Loan, the Knoll Ridge
Apartments Mortgage Loan, the Healthcare Trust MOB Portfolio Mortgage Loan, the
Skorpios Industrial Mortgage Loan, the Marriott Philadelphia West Mortgage
Loan, the Rhino Retail Portfolio 2 Mortgage Loan, the CX – 250 Water Street
Mortgage Loan and the 60 Hudson Mortgage Loan. Pursuant to the Pooling
and Servicing Agreement, the pooling and servicing agreement for the BBCMS
2023-C20 Transaction, the pooling and servicing agreement for the BMO 2023-C6
Transaction, the pooling and servicing agreement for the BBCMS 2023-C21
Transaction and the pooling and servicing agreement for the MSWF 2023-2
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 RTL Retail Portfolio Mortgage Loan, The Muse & Eden Pointe Mortgage
Loan, the Outlet Shoppes at Atlanta Mortgage Loan, the Regency Retail Portfolio
Mortgage Loan, the Knoll Ridge Apartments Mortgage Loan, the Healthcare Trust
MOB Portfolio Mortgage Loan, the Skorpios Industrial Mortgage Loan, the
Marriott Philadelphia West Mortgage Loan, the Rhino Retail Portfolio 2 Mortgage
Loan, the CX – 250 Water Street Mortgage Loan and the 60 Hudson 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 CX – 250 Water Street
Mortgage Loan and the 60 Hudson 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 Items 1122(d)(4)(xi) and 1122(d)(4)(xii) of Regulation AB.
Therefore, under the principles-based definition of "servicer" set forth in Item
1101(j) of Regulation AB that looks to the functions that an entity performs,
this vendor is a "servicer" for the purposes of Item 1122 of Regulation
AB. See Compliance and Disclosure Interpretations, Section 301.01
(Item 1101(j)).

 The
assessments of compliance with applicable servicing criteria, accountants'
attestation reports and servicer compliance statements of the certificate
administrator of the Healthcare Trust MOB Portfolio Mortgage Loan, the Skorpios
Industrial Mortgage Loan, the Marriott Philadelphia West Mortgage Loan, the
Rhino Retail Portfolio 2 Mortgage Loan, the CX – 250 Water Street Mortgage Loan
and the 60 Hudson 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 Rhino Retail Portfolio 2 Mortgage Loan, the
servicer compliance statement of 3650 REIT Loan Servicing LLC as special
servicer of the Rhino Retail Portfolio 2 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.

 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 October 23, 2023 pursuant to Rule 424(b)(2).

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

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).

assessments of compliance with respect to the Healthcare Trust MOB Portfolio
Mortgage Loan, which is being serviced and administered pursuant to the pooling
and servicing agreement for the BBCMS 2023-C20 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 BBCMS 2023-C20 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 BBCMS
2023-C20 Transaction responsible for each applicable servicing criteria set
forth in Item 1122(d).

assessments of compliance with respect to the Skorpios Industrial Mortgage Loan
and the Marriott Philadelphia West Mortgage Loan, which are being serviced and
administered pursuant to the pooling and servicing agreement for the BMO
2023-C6 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
BMO 2023-C6 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 BMO 2023-C6 Transaction responsible for each
applicable servicing criteria set forth in Item 1122(d).

assessments of compliance with respect to the Rhino Retail Portfolio 2 Mortgage
Loan, which is being serviced and administered pursuant to the pooling and
servicing agreement for the BBCMS 2023-C21 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 BBCMS 2023-C21 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 BBCMS
2023-C21 Transaction responsible for each applicable servicing criteria set
forth in Item 1122(d).

assessments of compliance with respect to the CX – 250 Water Street Mortgage
Loan and the 60 Hudson Mortgage Loan, which are being serviced and administered
pursuant to the pooling and servicing agreement for the MSWF 2023-2
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 MSWF
2023-2 Transaction incorporated by reference as Exhibit 4.5 to this Annual
Report on Form 10-K is a chart identifying the entities participating in a
servicing function for the MSWF 2023-2 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. Exhibit, 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
and Servicing Agreement, dated as of November 1, 2023, among Barclays
Commercial Mortgage Securities LLC, as Depositor, Midland Loan Services, a
Division of PNC Bank, National Association, as Master Servicer, Rialto Capital
Advisors, 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
October 23, 2023 under Commission File No. 333-257737-10 and incorporated by
reference herein)

 4.2
and Servicing Agreement, dated as of July 1, 2023, among Barclays Commercial
Mortgage Securities LLC, as Depositor, KeyBank National Association, as Master
Servicer, LNR Partners, LLC, as Special Servicer, KeyBank National Association,
as Ashburn Data Center Special Servicer, Computershare Trust Company, National
Association, as Certificate Administrator and as Trustee, and Park Bridge
Lender Services 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
October 23, 2023 under Commission File No. 333-257737-10 and incorporated by
reference herein)

 4.3
and Servicing Agreement, dated as of August 1, 2023, among BMO Commercial
Mortgage Securities LLC, as Depositor, Midland Loan Services, a Division of PNC
Bank, National Association, as Master Servicer, Rialto Capital Advisors, LLC,
as Special Servicer, Park Bridge Lender Services LLC, as Operating Advisor and
Asset Representations Reviewer, Computershare Trust Company, National
Association, as Certificate Administrator, and Computershare Trust Company,
National Association, as Trustee (filed as Exhibit 4.5 to the registrant's
Current Report on Form 8-K filed on October 23, 2023 under Commission File No.

 4.4
and Servicing Agreement, dated as of October 1, 2023, among Barclays Commercial
Mortgage Securities LLC, as Depositor, Midland Loan Services, a Division of PNC
Bank, National Association, as Master Servicer, 3650 REIT Loan Servicing LLC,
as Special Servicer, Computershare Trust Company, National Association, as
Certificate Administrator and as Trustee, and BellOak, LLC, as Operating
Advisor and as Asset Representations Reviewer (filed as Exhibit 4.4 to the registrant's
Current Report on Form 8-K filed on October 23, 2023 under Commission File No.

 4.5
and Servicing Agreement, dated as of December 1, 2023, among Wells Fargo
Commercial Mortgage Securities, Inc., as Depositor, Wells Fargo Bank, National
Association, as Master 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 and as
Asset Representations Reviewer (filed as Exhibit 4.1 to the registrant's
Current Report on Form 8-K filed on December 22, 2023 under Commission File No.

 4.6
Between Note Holders, dated as of August 30, 2023, by and between Barclays
Capital Real Estate Inc., as Initial Note A-1 Holder, Barclays Capital Real
Estate Inc., as Initial Note A-2 Holder, Barclays Capital Real Estate Inc., as
Initial Note A-3 Holder, Soci t G n rale Financial Corporation, as Initial
Note A-4 Holder, Soci t G n rale Financial Corporation, as Initial Note A-5
Holder, Soci t G n rale Financial Corporation, as Initial Note A-6 Holder,
Soci t G n rale Financial Corporation, as Initial Note A-7 Holder, KeyBank
National Association, as Initial Note A-12 Holder, KeyBank National
Association, as Initial Note A-13 Holder, KeyBank National Association, as
Initial Note A-14 Holder, KeyBank National Association, as Initial Note A-15 Holder,
KeyBank National Association, as Initial Note A-16 Holder, KeyBank National
Association, as Initial Note A-17 Holder, Bank of Montreal, as Initial Note A-8
Holder, Bank of Montreal, as Initial Note A-9 Holder, Bank of Montreal, as
Initial Note A-10 Holder, and Bank of Montreal, as Initial Note A-11 Holder
(filed as Exhibit 4.6 to the registrant's Current Report on Form 8-K filed on
October 23, 2023 under Commission File No. 333-257737-10 and incorporated by
reference herein)

 4.7
 Co-Lender
Agreement, dated as of October 4, 2023, by and between Argentic Real Estate
Finance 2 LLC, as Initial Note A-1-1 Holder, Argentic Real Estate Finance 2
LLC, as Initial Note A-1-2 Holder, Argentic Real Estate Finance 2 LLC, as
Initial Note A-1-3 Holder, Barclays Capital Real Estate Inc., as Initial Note
A-2-1 Holder, and Barclays Capital Real Estate Inc., as Initial Note A-2-2
Holder (filed as Exhibit 4.7 to the registrant's Current Report on Form 8-K
filed on October 23, 2023 under Commission File No. 333-257737-10 and
incorporated by reference herein)

 4.8
Between Note Holders, dated as of May 24, 2023, by and between Barclays Capital
Real Estate Inc., as Initial Note A-1 Holder, Barclays Capital Real Estate Inc.,
as Initial Note A-2 Holder, Barclays Capital Real Estate Inc., as Initial Note
A-3 Holder, Barclays Capital Real Estate Inc., as Initial Note A-4 Holder,
Barclays Capital Real Estate Inc., as Initial Note A-5 Holder, Barclays Capital
Real Estate Inc., as Initial Note A-6 Holder, Soci t G n rale Financial
Corporation, as Initial Note A-7 Holder, Soci t G n rale Financial
Corporation, as Initial Note A-8 Holder, Soci t G n rale Financial
Corporation, as Initial Note A-9 Holder, Soci t G n rale Financial
Corporation, as Initial Note A-10 Holder, Soci t G n rale Financial
Corporation, as Initial Note A-11 Holder, KeyBank National Association, as
Initial Note A-12 Holder, KeyBank National Association, as Initial Note A-13
Holder, and KeyBank National Association, as Initial Note A-14 Holder (filed as
Exhibit 4.8 to the registrant's Current Report on Form 8-K filed on October 23,
2023 under Commission File No. 333-257737-10 and incorporated by reference

 4.9
Between Note Holders, dated as of January 27, 2023, by and between Bank of
America, National Association, as Initial Note A-1 Holder, Bank of America,
National Association, as Initial Note A-2 Holder, Bank of America, National
Association, as Initial Note A-3 Holder, Bank of America, National Association,
as Initial Note A-4 Holder, Bank of America, National Association, as Initial Note
A-5 Holder, Bank of America, National Association, as Initial Note A-6 Holder,
Bank of America, National Association, as Initial Note A-7 Holder, Bank of
America, National Association, as Initial Note A-8 Holder, Wells Fargo Bank,
National Association, as Initial Note A-9 Holder, Wells Fargo Bank, National
Association, as Initial Note A-10 Holder, Wells Fargo Bank, National
Association, as Initial Note A-11 Holder, Wells Fargo Bank, National
Association, as Initial Note A-12 Holder, Wells Fargo Bank, National
Association, as Initial Note A-13 Holder, Wells Fargo Bank, National
Association, as Initial Note A-14 Holder, Wells Fargo Bank, National
Association, as Initial Note A-15 Holder, Wells Fargo Bank, National
Association, as Initial Note A-16 Holder, Goldman Sachs Bank USA, as Initial
Note A-17 Holder, Goldman Sachs Bank USA, as Initial Note A-18 Holder, 3650
Real Estate Investment Trust 2 LLC, as Initial Note A-19 Holder, and 3650 Real
Estate Investment Trust 2 LLC, as Initial Note A-20 Holder (filed as Exhibit
4.9 to the registrant's Current Report on Form 8-K filed on October 23, 2023
under Commission File No. 333-257737-10 and incorporated by reference herein)

 4.10
Between Note Holders, dated as of October 3, 2023, by and between Barclays
Capital Real Estate Inc., as Initial Note A-1 Holder, Barclays Capital Real
Estate Inc., as Initial Note A-2 Holder, and Goldman Sachs Bank USA, as Initial
Note A-3 Holder (filed as Exhibit 4.10 to the registrant's Current Report on
Form 8-K filed on October 23, 2023 under Commission File No. 333-257737-10 and
incorporated by reference herein)

 4.11
Between Note Holders, dated as of July 28, 2023, by and between Barclays
Capital Real Estate Inc., as Initial Note A-1 Holder, Barclays Capital Real
Estate Inc., as Initial Note A-2 Holder, Barclays Capital Real Estate Inc., as
Initial Note A-3 Holder, Barclays Capital Real Estate Inc., as Initial Note A-4
Holder, Bank of America, N.A., as Initial Note A-5 Holder, and Bank of America,
N.A., as Initial Note A-6 Holder (filed as Exhibit 4.11 to the registrant's
Current Report on Form 8-K filed on October 23, 2023 under Commission File No.

 4.12
Between Note Holders, dated as of September 19, 2023 by and between Morgan
Stanley Bank, N.A., as Initial Note A-1 Holder, Morgan Stanley Bank, N.A., as
Initial Note A-2 Holder, Morgan Stanley Bank, N.A., as Initial Note A-3 Holder,
Morgan Stanley Bank, N.A., as Initial Note A-4 Holder, Morgan Stanley Bank,
N.A., as Initial Note A-5 Holder, Morgan Stanley Bank, N.A., as Initial Note A-6
Holder, Morgan Stanley Bank, N.A., as Initial Note A-7 Holder, Morgan Stanley
Bank, N.A., as Initial Note A-8 Holder, Morgan Stanley Bank, N.A., as Initial
Note A-9 Holder, Morgan Stanley Bank, N.A., as Initial Note A-10 Holder, and
Morgan Stanley Mortgage Capital Holdings LLC, as Initial Agent (filed as
Exhibit 4.12 to the registrant's Current Report on Form 8-K filed on October
23, 2023 under Commission File No. 333-257737-10 and incorporated by reference

 4.13
 Co-Lender
Agreement, dated as of October 1, 2023, by and between Bank of Montreal, as
Initial Note A-1 Holder, Bank of Montreal, as Initial Note A-2 Holder, Bank of
Montreal, as Initial Note A-3 Holder, Bank of Montreal, as Initial Note A-4
Holder, and Bank of Montreal, as Initial Note A-5 Holder (filed as Exhibit 4.13
to the registrant's Current Report on Form 8-K filed on October 23, 2023 under

 4.14
 Co-Lender
Agreement, dated as of October 1, 2023, by and between Bank of Montreal, as
Initial Note A-1 Holder, Bank of Montreal, as Initial Note A-2 Holder, and Bank
of Montreal, as Initial Note A-3 Holder (filed as Exhibit 4.14 to the
registrant's Current Report on Form 8-K filed on October 23, 2023 under

 4.15
Between Noteholders, dated as of August 1, 2023, is by and among KeyBank
National Association, as Initial Note A-1 Holder, KeyBank National Association,
as Initial Note A-2 Holder, Argentic Real Estate Finance 2 LLC, as Initial Note
A-3 Holder, and Argentic Real Estate Finance 2 LLC, as Initial Note A-4 Holder
(filed as Exhibit 4.15 to the registrant's Current Report on Form 8-K filed on
October 23, 2023 under Commission File No. 333-257737-10 and incorporated by
reference herein)

 4.16
 Co-Lender
Agreement, dated as of June 30, 2023, by and between Wells Fargo Bank, National
Association, as Initial Note A-1 Holder, and Wells Fargo Bank, National
Association, as Initial Note A-2 Holder (filed as Exhibit 4.16 to the
registrant's Current Report on Form 8-K filed on October 23, 2023 under

 4.17
 Primary
Servicing Agreement, dated as of November 1, 2023, between Midland Loan
Services, a Division of PNC Bank, National Association, as Master Servicer, and
KeyBank National Association, as Primary Servicer (filed as Exhibit 4.17 to the
registrant's Current Report on Form 8-K filed on October 23, 2023 under

 4.18
 Primary
Servicing Agreement, dated as of August 1, 2023, between Midland Loan Services,
a Division of PNC Bank, National Association, as Master Servicer, and KeyBank
National Association, as Primary Servicer (filed as Exhibit 4.1 to the
registrant's Current Report on Form 8-K filed on December 22, 2023 under

 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
as Trustee and Certificate Administrator

 33.4
as Custodian

 33.5
 Pentalpha Surveillance LLC, as Operating Advisor

 33.6

 33.7
National Association, as Primary Servicer of the RTL Retail Portfolio Mortgage
Loan (see Exhibit 33.1)

 33.8
of the RTL Retail Portfolio Mortgage Loan (see Exhibit 33.2)

 33.9
Computershare Trust Company, National Association, as Trustee of the RTL Retail
Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

 33.10
as Custodian of the RTL Retail Portfolio Mortgage Loan (see Exhibit 33.4)

 33.11
the RTL Retail Portfolio Mortgage Loan (see Exhibit 33.5)

 33.12
National Association, as Primary Servicer of The Muse & Eden Pointe

 33.13
of The Muse & Eden Pointe Mortgage Loan (see Exhibit 33.2)

 33.14
Computershare Trust Company, National Association, as Trustee of The Muse &
Eden Pointe Mortgage Loan (Omitted. See Explanatory Notes.)

 33.15
as Custodian of The Muse & Eden Pointe Mortgage Loan (see Exhibit 33.4)

 33.16
The Muse & Eden Pointe Mortgage Loan (see Exhibit 33.5)

 33.17
National Association, as Primary Servicer of the Outlet Shoppes at Atlanta

 33.18
of the Outlet Shoppes at Atlanta Mortgage Loan (see Exhibit 33.2)

 33.19
Computershare Trust Company, National Association, as Trustee of the Outlet
Shoppes at Atlanta Mortgage Loan (Omitted. See Explanatory Notes.)

 33.20
as Custodian of the Outlet Shoppes at Atlanta Mortgage Loan (see Exhibit 33.4)

 33.21
the Outlet Shoppes at Atlanta Mortgage Loan (see Exhibit 33.5)

 33.22
National Association, as Primary Servicer of the Regency Retail Portfolio

 33.23
of the Regency Retail Portfolio Mortgage Loan (see Exhibit 33.2)

 33.24
Computershare Trust Company, National Association, as Trustee of the Regency
Retail Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

 33.25
as Custodian of the Regency Retail Portfolio Mortgage Loan (see Exhibit 33.4)

 33.26
the Regency Retail Portfolio Mortgage Loan (see Exhibit 33.5)

 33.27
National Association, as Primary Servicer of the Knoll Ridge Apartments

 33.28
of the Knoll Ridge Apartments Mortgage Loan (see Exhibit 33.2)

 33.29
Computershare Trust Company, National Association, as Trustee of the Knoll
Ridge Apartments Mortgage Loan (Omitted. See Explanatory Notes.)

 33.30
as Custodian of the Knoll Ridge Apartments Mortgage Loan (see Exhibit 33.4)

 33.31
the Knoll Ridge Apartments Mortgage Loan (see Exhibit 33.5)

 33.32
of the Healthcare Trust MOB Portfolio Mortgage Loan (see Exhibit 33.6)

 33.33
 LNR Partners, LLC, as Special Servicer of the Healthcare
Trust MOB Portfolio Mortgage Loan

 33.34
Computershare Trust Company, National Association, as Trustee of the Healthcare
Trust MOB Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

 33.35
as Custodian of the Healthcare Trust MOB Portfolio Mortgage Loan (see Exhibit
33.4)

 33.36
Advisor of the Healthcare Trust MOB Portfolio Mortgage Loan

 33.37
of the Skorpios Industrial Mortgage Loan (see Exhibit 33.6)

 33.38
of the Skorpios Industrial Mortgage Loan (see Exhibit 33.2)

 33.39
Computershare Trust Company, National Association, as Trustee of the Skorpios
Industrial Mortgage Loan (Omitted. See Explanatory Notes.)

 33.40
as Custodian of the Skorpios Industrial Mortgage Loan (see Exhibit 33.4)

 33.41
Advisor of the Skorpios Industrial Mortgage Loan (see Exhibit 33.36)

 33.42
National Association, as Primary Servicer of the Marriott Philadelphia West

 33.43
of the Marriott Philadelphia West Mortgage Loan (see Exhibit 33.2)

 33.44
Computershare Trust Company, National Association, as Trustee of the Marriott
Philadelphia West Mortgage Loan (Omitted. See Explanatory Notes.)

 33.45
as Custodian of the Marriott Philadelphia West Mortgage Loan (see Exhibit 33.4)

 33.46
Advisor of the Marriott Philadelphia West Mortgage Loan (see Exhibit 33.36)

 33.47
National Association, as Primary Servicer of the Rhino Retail Portfolio 2

 33.48
 3650 REIT Loan Servicing LLC, as Special Servicer
of the Rhino Retail Portfolio 2 Mortgage Loan

 33.49
Computershare Trust Company, National Association, as Trustee of the Rhino
Retail Portfolio 2 Mortgage Loan (Omitted. See Explanatory Notes.)

 33.50
as Custodian of the Rhino Retail Portfolio 2 Mortgage Loan (see Exhibit 33.4)

 33.51
 BellOak, LLC, as Operating Advisor of the Rhino
Retail Portfolio 2 Mortgage Loan

 33.52
Servicer of the CX – 250 Water Street Mortgage Loan

 33.53
of the CX – 250 Water Street Mortgage Loan

 33.54
Computershare Trust Company, National Association, as Trustee of the CX – 250
Water Street Mortgage Loan (Omitted. See Explanatory Notes.)

 33.55
as Custodian of the CX – 250 Water Street Mortgage Loan (see Exhibit 33.4)

 33.56
 BellOak, LLC, as Operating Advisor of the CX – 250
Water Street Mortgage Loan (see Exhibit 33.51)

 33.57
 CoreLogic Solutions, LLC, as Servicing Function
Participant of the CX – 250 Water Street Mortgage Loan

 33.58
Servicer of the 60 Hudson Mortgage Loan (see Exhibit 33.52)

 33.59
of the 60 Hudson Mortgage Loan (see Exhibit 33.53)

 33.60
Computershare Trust Company, National Association, as Trustee of the 60 Hudson
Mortgage Loan (Omitted. See Explanatory Notes.)

 33.61
as Custodian of the 60 Hudson Mortgage Loan (see Exhibit 33.4)

 33.62
 BellOak, LLC, as Operating Advisor of the 60
Hudson Mortgage Loan (see Exhibit 33.51)

 33.63
 CoreLogic Solutions, LLC, as Servicing Function
Participant of the 60 Hudson Mortgage Loan (see Exhibit 33.57)

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

 34.1
National Association, as Master Servicer

 34.2

 34.3
 Computershare Trust Company, National Association, as
Trustee and Certificate Administrator

 34.4
as Custodian

 34.5
 Pentalpha Surveillance LLC, as Operating Advisor

 34.6

 34.7
National Association, as Primary Servicer of the RTL Retail Portfolio Mortgage
Loan (see Exhibit 34.1)

 34.8
of the RTL Retail Portfolio Mortgage Loan (see Exhibit 34.2)

 34.9
Computershare Trust Company, National Association, as Trustee of the RTL Retail
Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

 34.10
as Custodian of the RTL Retail Portfolio Mortgage Loan (see Exhibit 34.4)

 34.11
the RTL Retail Portfolio Mortgage Loan (see Exhibit 34.5)

 34.12
National Association, as Primary Servicer of The Muse & Eden Pointe

 34.13
of The Muse & Eden Pointe Mortgage Loan (see Exhibit 34.2)

 34.14
Computershare Trust Company, National Association, as Trustee of The Muse &
Eden Pointe Mortgage Loan (Omitted. See Explanatory Notes.)

 34.15
as Custodian of The Muse & Eden Pointe Mortgage Loan (see Exhibit 34.4)

 34.16
The Muse & Eden Pointe Mortgage Loan (see Exhibit 34.5)

 34.17
National Association, as Primary Servicer of the Outlet Shoppes at Atlanta

 34.18
of the Outlet Shoppes at Atlanta Mortgage Loan (see Exhibit 34.2)

 34.19
Computershare Trust Company, National Association, as Trustee of the Outlet
Shoppes at Atlanta Mortgage Loan (Omitted. See Explanatory Notes.)

 34.20
as Custodian of the Outlet Shoppes at Atlanta Mortgage Loan (see Exhibit 34.4)

 34.21
the Outlet Shoppes at Atlanta Mortgage Loan (see Exhibit 34.5)

 34.22
National Association, as Primary Servicer of the Regency Retail Portfolio

 34.23
of the Regency Retail Portfolio Mortgage Loan (see Exhibit 34.2)

 34.24
Computershare Trust Company, National Association, as Trustee of the Regency
Retail Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

 34.25
as Custodian of the Regency Retail Portfolio Mortgage Loan (see Exhibit 34.4)

 34.26
the Regency Retail Portfolio Mortgage Loan (see Exhibit 34.5)

 34.27
National Association, as Primary Servicer of the Knoll Ridge Apartments

 34.28
of the Knoll Ridge Apartments Mortgage Loan (see Exhibit 34.2)

 34.29
Computershare Trust Company, National Association, as Trustee of the Knoll
Ridge Apartments Mortgage Loan (Omitted. See Explanatory Notes.)

 34.30
as Custodian of the Knoll Ridge Apartments Mortgage Loan (see Exhibit 34.4)

 34.31
the Knoll Ridge Apartments Mortgage Loan (see Exhibit 34.5)

 34.32
of the Healthcare Trust MOB Portfolio Mortgage Loan (see Exhibit 34.6)

 34.33
 LNR Partners, LLC, as Special Servicer of the
Healthcare Trust MOB Portfolio Mortgage Loan

 34.34
Computershare Trust Company, National Association, as Trustee of the Healthcare
Trust MOB Portfolio Mortgage Loan (Omitted. See Explanatory Notes.)

 34.35
as Custodian of the Healthcare Trust MOB Portfolio Mortgage Loan (see Exhibit
34.4)

 34.36
Advisor of the Healthcare Trust MOB Portfolio Mortgage Loan

 34.37
of the Skorpios Industrial Mortgage Loan (see Exhibit 34.6)

 34.38
of the Skorpios Industrial Mortgage Loan (see Exhibit 34.2)

 34.39
Computershare Trust Company, National Association, as Trustee of the Skorpios
Industrial Mortgage Loan (Omitted. See Explanatory Notes.)

 34.40
as Custodian of the Skorpios Industrial Mortgage Loan (see Exhibit 34.4)

 34.41
Advisor of the Skorpios Industrial Mortgage Loan (see Exhibit 34.36)

 34.42
National Association, as Primary Servicer of the Marriott Philadelphia West

 34.43
of the Marriott Philadelphia West Mortgage Loan (see Exhibit 34.2)

 34.44
Computershare Trust Company, National Association, as Trustee of the Marriott
Philadelphia West Mortgage Loan (Omitted. See Explanatory Notes.)

 34.45
as Custodian of the Marriott Philadelphia West Mortgage Loan (see Exhibit 34.4)

 34.46
Advisor of the Marriott Philadelphia West Mortgage Loan (see Exhibit 34.36)

 34.47
National Association, as Primary Servicer of the Rhino Retail Portfolio 2

 34.48
 3650 REIT Loan Servicing LLC, as Special Servicer
of the Rhino Retail Portfolio 2 Mortgage Loan

 34.49
Computershare Trust Company, National Association, as Trustee of the Rhino
Retail Portfolio 2 Mortgage Loan (Omitted. See Explanatory Notes.)

 34.50
as Custodian of the Rhino Retail Portfolio 2 Mortgage Loan (see Exhibit 34.4)

 34.51
 BellOak, LLC, as Operating Advisor of the Rhino
Retail Portfolio 2 Mortgage Loan

 34.52
Servicer of the CX – 250 Water Street Mortgage Loan

 34.53
of the CX – 250 Water Street Mortgage Loan

 34.54
Computershare Trust Company, National Association, as Trustee of the CX – 250
Water Street Mortgage Loan (Omitted. See Explanatory Notes.)

 34.55
as Custodian of the CX – 250 Water Street Mortgage Loan (see Exhibit 34.4)

 34.56
 BellOak, LLC, as Operating Advisor of the CX – 250
Water Street Mortgage Loan (see Exhibit 34.51)

 34.57
 CoreLogic Solutions, LLC, as Servicing Function
Participant of the CX – 250 Water Street Mortgage Loan

 34.58
Servicer of the 60 Hudson Mortgage Loan (see Exhibit 34.52)

 34.59
of the 60 Hudson Mortgage Loan (see Exhibit 34.53)

 34.60
Computershare Trust Company, National Association, as Trustee of the 60 Hudson
Mortgage Loan (Omitted. See Explanatory Notes.)

 34.61
as Custodian of the 60 Hudson Mortgage Loan (see Exhibit 34.4)

 34.62
 BellOak, LLC, as Operating Advisor of the 60
Hudson Mortgage Loan (see Exhibit 34.51)

 34.63
 CoreLogic Solutions, LLC, as Servicing Function
Participant of the 60 Hudson Mortgage Loan (see Exhibit 34.57)

Servicer compliance statements.

 35.1
National Association, as Master Servicer

 35.2

 35.3
as Certificate Administrator

 35.4

 35.5
 Midland Loan Services, a Division of PNC Bank, National
Association, as Primary Servicer of the RTL Retail Portfolio Mortgage Loan (see
Exhibit 35.1)

 35.6
of the RTL Retail Portfolio Mortgage Loan (see Exhibit 35.2)

 35.7
National Association, as Primary Servicer of The Muse & Eden Pointe

 35.8
of The Muse & Eden Pointe Mortgage Loan (see Exhibit 35.2)

 35.9
National Association, as Primary Servicer of the Outlet Shoppes at Atlanta

 35.10
of the Outlet Shoppes at Atlanta Mortgage Loan (see Exhibit 35.2)

 35.11
National Association, as Primary Servicer of the Regency Retail Portfolio

 35.12
of the Regency Retail Portfolio Mortgage Loan (see Exhibit 35.2)

 35.13
National Association, as Primary Servicer of the Knoll Ridge Apartments

 35.14
of the Knoll Ridge Apartments Mortgage Loan (see Exhibit 35.2)

 35.15
of the Healthcare Trust MOB Portfolio Mortgage Loan (see Exhibit 35.4)

 35.16
 LNR Partners, LLC, as Special Servicer of the
Healthcare Trust MOB Portfolio Mortgage Loan

 35.17
of the Skorpios Industrial Mortgage Loan (see Exhibit 35.4)

 35.18
of the Skorpios Industrial Mortgage Loan (see Exhibit 35.2)

 35.19
National Association, as Primary Servicer of the Marriott Philadelphia West

 35.20
of the Marriott Philadelphia West Mortgage Loan (see Exhibit 35.2)

 35.21
National Association, as Primary Servicer of the Rhino Retail Portfolio 2

 35.22
3650 REIT Loan Servicing LLC, as Special Servicer of the Rhino Retail Portfolio
2 Mortgage Loan (Omitted. See Explanatory Notes.)

 35.23
Servicer of the CX – 250 Water Street Mortgage Loan

 35.24
of the CX – 250 Water Street Mortgage Loan

 35.25
Servicer of the 60 Hudson Mortgage Loan (see Exhibit 35.23)

 35.26 Argentic Services Company LP, as Special Servicer of
the 60 Hudson Mortgage Loan (see Exhibit 35.24)

 99.1
Loan Purchase Agreement, dated as of November 9, 2023, 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 October 23, 2023 under Commission File No.

 99.2
Loan Purchase Agreement, dated as of November 9, 2023, between Bank of Montreal
and Barclays Commercial Mortgage Securities LLC (filed as Exhibit 99.2 to the
registrant's Current Report on Form 8-K filed on October 23, 2023 under

 99.3
Loan Purchase Agreement, dated as of November 9, 2023, between Bank of America,
National Association and Barclays Commercial Mortgage Securities LLC (filed as
Exhibit 99.3 to the registrant's Current Report on Form 8-K filed on October
23, 2023 under Commission File No. 333-257737-10 and incorporated by reference

 99.4
Loan Purchase Agreement, dated as of November 9, 2023, between Argentic Real
Estate Finance 2 LLC and Barclays Commercial Mortgage Securities LLC (filed as
Exhibit 99.4 to the registrant's Current Report on Form 8-K filed on October
23, 2023 under Commission File No. 333-257737-10 and incorporated by reference

 99.5
Loan Purchase Agreement, dated as of November 9, 2023, among Societe Generale
Financial Corporation, Soci t G n rale and Barclays Commercial Mortgage
Securities LLC (filed as Exhibit 99.5 to the registrant's Current Report on
Form 8-K filed on October 23, 2023 under Commission File No. 333-257737-10 and
incorporated by reference herein)

 99.6
Loan Purchase Agreement, dated as of November 9, 2023, between LMF Commercial,
LLC and Barclays Commercial Mortgage Securities LLC (filed as Exhibit 99.6 to
the registrant's Current Report on Form 8-K filed on October 23, 2023 under

 99.7
Loan Purchase Agreement, dated as of November 9, 2023, between KeyBank National
Association and Barclays Commercial Mortgage Securities LLC (filed as Exhibit
99.7 to the registrant's Current Report on Form 8-K filed on October 23, 2023
under Commission File No. 333-257737-10 and incorporated by reference herein)

 99.8
Loan Purchase Agreement, dated as of November 9, 2023, 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 October
23, 2023 under Commission File No. 333-257737-10 and incorporated by reference

 99.9
Loan Purchase Agreement, dated as of November 9, 2023, among BSPRT CMBS
Finance, LLC, Franklin BSP Realty Trust, Inc. and Barclays Commercial Mortgage
Securities LLC (filed as Exhibit 99.9 to the registrant's Current Report on
Form 8-K filed on October 23, 2023 under Commission File No. 333-257737-10 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.

 Barclays Commercial Mortgage
Securities LLC

(Depositor)

 /s/ Daniel
Vinson

 Daniel
Vinson, Chief Executive Officer

 (senior officer in charge of
securitization of the depositor)

 Date: March 15, 2024