Morgan Stanley Bank of America Merrill Lynch Trust 2015 C25
12/29/2025 | Press release | Distributed by Public on 12/29/2025 09:03
Asset-Backed Issuer Distribution Report (Form 10-D)
| UNITED STATES | |||||||||
| SECURITIES AND EXCHANGE COMMISSION | |||||||||
| Washington, D.C. 20549 |
| FORM 10-D |
| ASSET-BACKED ISSUER | |||||||||
| DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF | |||||||||
| THE SECURITIES EXCHANGE ACT OF 1934 |
| For the monthly distribution period from | |||||||||
| November 19, 2025 to December 17, 2025 |
| Commission File Number of issuing entity: | 333-201743-02 |
| Central Index Key Number of issuing entity: | 0001653542 |
| Morgan Stanley Bank of America Merrill Lynch Trust 2015-C25 | |||||||||
| (Exact name of issuing entity as specified in its charter) |
| Commission File Number of depositor: | 333-201743 |
| Central Index Key Number of depositor: | 0001005007 |
| Banc of America Merrill Lynch Commercial Mortgage Inc. | |||||||||
| (Exact name of depositor as specified in its charter) |
| Central Index Key Number of sponsor: | 0001102113 | ||||||||
| 0001541557 | |||||||||
| 0001548567 | |||||||||
| 0001682532 | |||||||||
| Bank of America, National Association | |||||||||
| Morgan Stanley Mortgage Capital Holdings LLC | |||||||||
| CIBC Inc. | |||||||||
| Starwood Mortgage Funding III LLC | |||||||||
| (Exact name of sponsor(s) as specified in its charter) |
| Paul E. Kurzeja (980) 386-8509 | |||||||||
| (Name and telephone number, including area code, of the person to contact in connection with this filing) |
| NY | |||||||||
| (State or other jurisdiction of incorporation or organization of the issuing entity) |
| 38-3981653 | |||||||||
| 38-3981654 | |||||||||
| 38-3981655 | |||||||||
| (I.R.S. Employer Identification No.) |
| c/o U.S. Bank National Association | |||||||||
| 190 S. LaSalle Street | |||||||||
| (Address of principal executive offices of issuing entity) |
| 60603 | |||||||||
| (Zip Code) |
| 312-332-7458 | |||||||||
| (Telephone number, including area code) |
| NOT APPLICABLE | |||||||||
| (Former name, former address, if changed since last report) |
| Registered/reporting pursuant to (check one) |
| Name of exchange | |||||||||
| Title of Class | Section 12(b) | Section 12(g) | Section 15(d) | (If Section 12(b)) | |||||
| A-1 | ☐ | ☐ | ☒ | _______ | |||||
| A-2 | ☐ | ☐ | ☒ | _______ | |||||
| A-SB | ☐ | ☐ | ☒ | _______ | |||||
| A-3 | ☐ | ☐ | ☒ | _______ | |||||
| A-4 | ☐ | ☐ | ☒ | _______ | |||||
| A-5 | ☐ | ☐ | ☒ | _______ | |||||
| X-A | ☐ | ☐ | ☒ | _______ | |||||
| X-B | ☐ | ☐ | ☒ | _______ | |||||
| X-D | ☐ | ☐ | ☒ | _______ | |||||
| A-S | ☐ | ☐ | ☒ | _______ | |||||
| B | ☐ | ☐ | ☒ | _______ | |||||
| C | ☐ | ☐ | ☒ | _______ | |||||
| D | ☐ | ☐ | ☒ | _______ | |||||
| Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities and 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 ☒ No ☐ |
| PART I - DISTRIBUTION INFORMATION ITEM | |||||||||
| 1. Distribution and Pool Performance Information. | |||||||||
| On December 17, 2025 a distribution was made to holders of Morgan Stanley Bank of America Merrill Lynch Trust 2015-C25. The monthly report to holders is attached as Exhibit 99.1. | |||||||||
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| No assets securitized by Banc of America Merrill Lynch Commercial Mortgage Inc. and held by Morgan Stanley Bank of America Merrill Lynch Trust 2015-C25 were the subject of a demand to repurchase or replace for breach of the representations and warranties contained in the underlying transaction documents during the monthly distribution period covered by this distribution report on Form 10-D. |
| Morgan Stanley Mortgage Capital Holdings LLC filed its most recent Form ABS-15G under Rule 15Ga-1 under the Securities Exchange Act of 1934 ("Rule 15Ga-1") on November 12, 2025. The CIK number of Morgan Stanley Mortgage Capital Holdings LLC is 0001541557. |
| Bank of America, National Association filed its most recent Form ABS-15G under Rule 15Ga-1 under the Securities Exchange Act of 1934 ("Rule 15Ga-1") on November 12, 2025. The CIK number of Bank of America, National Association is 0001102113. |
| CIBC Inc. filed its most recent Form ABS-15G under Rule 15Ga-1 under the Securities Exchange Act of 1934 ("Rule 15Ga-1") on February 14, 2025. The CIK number of CIBC Inc. is 0001548567. |
| Starwood Mortgage Funding III LLC filed its most recent Form ABS-15G under Rule 15Ga-1 under the Securities Exchange Act of 1934 ("Rule 15Ga-1") on January 23, 2025. The CIK number for Starwood Mortgage Funding III LLC is 0001682532. |
| PART II - OTHER INFORMATION ITEM | |||||||||
| Item 9. Other Information. | |||||||||
| Wells Fargo Bank, N.A. in its capacity as Master Servicer for Morgan Stanley Bank of America Merrill Lynch Trust 2015-C25, affirms the following amounts in the respective accounts: |
| Collection Account Balance | |||||||||
| Prior Distribution Date: November 18, 2025 | $0.00 | ||||||||
| Current Distribution Date: December 17, 2025 | ($166,300.58) | ||||||||
| *REO Account Balance | |||||||||
| Prior Distribution Date: November 18, 2025 | $0.00 | ||||||||
| Current Distribution Date: December 17, 2025 | $0.00 | ||||||||
| *As provided by the Special Servicer |
| U.S. Bank National Association, in its capacity as Certificate Administrator for Morgan Stanley Bank of America Merrill Lynch Trust 2015-C25, affirms the following amounts in the respective accounts: |
| Distribution Account Balance | |||||||||
| Prior Distribution Date: November 18, 2025 | $403.95 | ||||||||
| Current Distribution Date: December 17, 2025 | $383.52 | ||||||||
| Interest Reserve Account Balance | |||||||||
| Prior Distribution Date: November 18, 2025 | $0.00 | ||||||||
| Current Distribution Date: December 17, 2025 | $0.00 | ||||||||
| Excess Liquidation Proceeds Account Balance | |||||||||
| Prior Distribution Date: November 18, 2025 | $0.00 | ||||||||
| Current Distribution Date: December 17, 2025 | $0.00 | ||||||||
| TA Unused Fees Account Balance | |||||||||
| Prior Distribution Date: November 18, 2025 | $0.00 | ||||||||
| Current Distribution Date: December 17, 2025 | $0.00 | ||||||||
| Item 10. Exhibits. | |||||||||
| (a) The following is a list of documents filed as part of this Report on Form 10-D: | |||||||||
| (99.1) Monthly report distributed to holders of Morgan Stanley Bank of America Merrill Lynch Trust 2015-C25, relating to the December 17, 2025 distribution. | |||||||||
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| (b) The exhibits required to be filed by the Registrant pursuant to this form are listed in the Exhibit Index that immediately follows on the signature page hereof. | |||||||||
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| SIGNATURES |
| Pursuant to the requirements 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. |
| Banc of America Merrill Lynch Commercial Mortgage Inc. | |||||||||
| (Depositor) | |||||||||
| Date: December 29, 2025 | /s/ Leland F. Bunch, III | ||||||||
| Name: Leland F. Bunch, III | |||||||||
| Title: President and Chief Executive Officer | |||||||||
| EXHIBIT INDEX |
| Exhibit | Description | ||||||||
| Exhibit 99.1 | Monthly report distributed to holders of Morgan Stanley Bank of America Merrill Lynch Trust 2015-C25, relating to the December 17, 2025 distribution. | ||||||||
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