Close

Form 10-K Wells Fargo Commercial For: Mar 31

March 31, 2015 8:58 AM EDT

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, 2014

OR

/ /   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____ to_____

 

Commission file number of the issuing entity: 333-172366-04

 

Central Index Key Number of the issuing entity:  0001556601

Wells Fargo Commercial Mortgage Trust 2012-LC5

(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: 0001541468

Ladder Capital Finance LLC

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

 

Central Index Key Number of the sponsor: 0000729153
The Royal Bank of Scotland plc
(exact name of the sponsor as specified in its charter)

 

Central Index Key Number of the sponsor: 0001541615
RBS Financial Products Inc.
(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 3886970
38 3886971
38 3886972
38 7064494
(I.R.S. Employer Identification Numbers)

 

c/o Wells Fargo Bank, National Association
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:
(410) 884‑2000

Securities registered pursuant to Section 12(b) of the Act:  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.  / /Yes /x/ 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.  / /Yes /x/ 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.  /x/Yes  / /No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted 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 and post such files).

Not applicable.

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (Section 229.405) of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10‑K or any amendment to this Form 10‑K.

Not applicable.

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer          / /                                                                                                         Accelerated filer                                      / /

Non-accelerated filer         /x/  (Do not check if a smaller reporting company)                             Smaller reporting company                     / /

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).  / /Yes /x/ 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.

Not applicable.

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.  / /Yes / / No

Not applicable.

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

Not applicable.

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).

Not applicable.

 

 

EXPLANATORY NOTES

The Exhibit Index describes exhibits provided by certain parties (in their capacities indicated on the Exhibit Index) with respect to the 100 Church Street Mortgage Loan, which constituted approximately 6.3% of the asset pool of the issuing entity as of its cut-off date. The 100 Church Street Mortgage Loan is an asset of the issuing entity and is part of a loan combination that includes the 100 Church Street Mortgage Loan and one other pari passu loan, which is not an asset of the issuing entity.  The other pari passu portion of the loan combination was securitized in the WFRBS Commercial Mortgage Trust 2012-C8 transaction, Commission File Number 333-172366-03 (the “WFRBS 2012-C8 Transaction”). This loan combination, including the 100 Church Street Mortgage Loan, is being serviced and administered pursuant to the pooling and servicing agreement for the WFRBS 2012-C8 Transaction, which is incorporated by reference as Exhibit 4.2 to this Annual Report on Form 10-K.

Wells Fargo Bank, National Association (“Wells Fargo Bank”) is the master servicer and certificate administrator of the mortgage loans serviced under the Pooling and Servicing Agreement and the primary servicer and certificate administrator of the 100 Church Street Mortgage Loan. Thus, Wells Fargo Bank is a “servicer,” as defined in Item 1108(a)(2)(iii) of Regulation AB, with respect to these mortgage loans because it is servicing mortgage loans which 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 in the capacities described above are listed in the Exhibit Index.

Rialto Capital Advisors, LLC (“Rialto”) is the special servicer for the mortgage loans serviced under the Pooling and Servicing Agreement and the special servicer of the 100 Church Street Mortgage Loan. Thus, Rialto is a “servicer,” as defined in Item 1108(a)(2)(iii) of Regulation AB, with respect to these mortgage loans because it is servicing mortgage loans which 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 in the capacities described above are listed in the Exhibit Index.

This Annual Report on Form 10-K includes assessments of compliance with applicable servicing criteria and accountants attestation reports from CoreLogic Commercial Real Estate Services, Inc. and National Tax Search, LLC. These entities were engaged by the master servicer and primary servicer with respect to the 100 Church Street 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 services are included within the servicing criteria set forth in Items 1122(d)(4)(xi) and 1122(d)(4)(xii). Therefore, under the principles-based definition of “servicer” set forth in Item 1101(j) that looks to the functions an entity performs, these vendors are servicers for the purposes of Item 1122. See Compliance and Disclosure Interpretations, Section 301.01 (Item 1101(j)).

U.S. Bank National Association acts as trustee of the issuing entity. Pursuant to the Pooling and Servicing Agreement, the trustee is required to provide an assessment of compliance with applicable servicing criteria solely with respect to Item 1122(d)(2)(iii) of Regulation AB (regarding advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements).  However, the trustee is not required to deliver such assessment of compliance with applicable servicing criteria with respect to any reporting period during which there were no servicing criteria applicable to the trustee, as was the case during the reporting period covered by this Annual Report on Form 10-K. As a result, this Annual Report on Form 10-K does not include an assessment of compliance with applicable servicing criteria of the trustee. The assessments of compliance with applicable servicing criteria of the master servicer covers Item 1122(d)(2)(iii) of Regulation AB.

Deutsche Bank Trust Company Americas acts as trustee of the 100 Church Street Mortgage Loan. Pursuant to the pooling and servicing agreement for the WFRBS 2012-C8 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, the trustee is not required to deliver such assessment of compliance with applicable servicing criteria with respect to any reporting period during which there were no servicing criteria applicable to the trustee, as was the case during the reporting period covered by this Annual Report on Form 10-K. As a result, this Annual Report on Form 10-K does not include an assessment of compliance with applicable servicing criteria of the trustee. The assessments of compliance with applicable servicing criteria of the master servicer covers Item 1122(d)(2)(iii) of Regulation AB.

 

 

 

PART I

Item 1.  Business.

Omitted.

Item 1A.  Risk Factors.

Omitted.

Item 1B.  Unresolved Staff Comments.

None.

Item 2.  Properties.

Omitted.

Item 3.  Legal Proceedings.

Omitted.

Item 4.  Mine Safety Disclosures.

Not applicable.

PART II

Item 5.  Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.

Omitted.

Item 6.  Selected Financial Data.

Omitted.

Item 7.  Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Omitted.

Item 7A.  Quantitative and Qualitative Disclosures About Market Risk.

Omitted.

Item 8.  Financial Statements and Supplementary Data.

Omitted.

Item 9.  Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.

Omitted.

Item 9A.  Controls and Procedures.

Omitted.

Item 9B.  Other Information.

None.

PART III

Item 10.  Directors, Executive Officers and Corporate Governance.

Omitted.

Item 11.  Executive Compensation.

Omitted.

Item 12.  Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

Omitted.

Item 13.  Certain Relationships and Related Transactions, and Director Independence.

Omitted.

Item 14.  Principal Accounting Fees and Services.

Omitted.

ADDITIONAL DISCLOSURE ITEMS FOR REGULATION AB

 

 

 

Item 1112(b) of Regulation AB, Significant Obligor Financial Information.

The Westside Pavilion Mortgage Loan (Mortgage Loan Number 1 on Annex A-1 of the prospectus supplement of the registrant relating to the issuing entity filed on September 27, 2012 pursuant to Rule 424(b)(5)), is a significant obligor within the meaning of Item 1101(k)(2) of Regulation AB.  In accordance with Item 1112(b) of Regulation AB, the most recent unaudited net operating income of the significant obligor was $15,801,653.00 for the twelve month period ended December 31, 2014.

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 proceedings involving the Trust and all parties related to such Trust, other than routine litigation incidental to the duties of those respective parties, and the following, with respect to U.S. Bank National Association, as trustee, and Wells Fargo Bank, National Association (“Wells Fargo Bank”), as certificate administrator:

In June 2014, a civil complaint was filed in the Supreme Court of the State of New York, New York County, by a group of institutional investors against U.S. Bank National Association (“U.S. Bank”), in its capacity as trustee or successor trustee (as the case may be) under certain residential mortgage backed securities ("RMBS") trusts. The plaintiffs are investment funds formed by nine investment advisors (AEGON, BlackRock, Brookfield, DZ Bank, Kore, PIMCO, Prudential, Sealink and TIAA) that purport to be bringing suit derivatively on behalf of 841 RMBS trusts that issued $771 billion in original principal amount of securities between 2004 and 2008. According to the plaintiffs, cumulative losses for these RMBS trusts equal $92.4 billion as of the date of the complaint. The complaint is one of six similar complaints filed against RMBS trustees (Deutsche Bank, Citibank, HSBC, Bank of New York Mellon and Wells Fargo Bank) by certain of these plaintiffs. The complaint against U.S. Bank alleges the trustee caused losses to investors as a result of alleged failures by the sponsors, mortgage loan sellers and servicers for these RMBS trusts and asserts causes of action based upon the trustee's purported failure to enforce repurchase obligations of mortgage loan sellers for alleged breaches of representations and warranties concerning loan quality. The complaint also asserts that the trustee failed to notify securityholders of purported events of default allegedly caused by breaches by mortgage loan servicers and that the trustee purportedly failed to abide by appropriate standards of care following events of default. Relief sought includes money damages in an unspecified amount and equitable relief. In November 2014, the plaintiffs sought leave to voluntarily dismiss their original state court complaint and filed a substantially similar complaint in the United States District Court for the Southern District of New York. The federal civil complaint added a class action allegation and a change in the total number of named trusts to 843 RMBS trusts. In December 2014, the plaintiffs’ motion to voluntarily dismiss their original state court complaint was granted. Other cases alleging similar causes of action have previously been filed against U.S. Bank and other trustees by RMBS investors in other transactions.

On June 18, 2014, a group of institutional investors filed a civil complaint in the Supreme Court of the State of New York, New York County, against Wells Fargo Bank, in its capacity as trustee under 276 residential mortgage backed securities ("RMBS") trusts, which was later amended on July 18, 2014, to increase the number of trusts to 284 RMBS trusts. On November 24, 2014, the plaintiffs filed a motion to voluntarily dismiss the state court action without prejudice. That same day, a group of institutional investors filed a civil complaint in the United States District Court for the Southern District of New York against Wells Fargo Bank, alleging claims against the bank in its capacity as trustee for 274 RMBS trusts (the “Complaint”). In December 2014, the plaintiffs’ motion to voluntarily dismiss their original state court action was granted. As with the prior state court action, the Complaint is one of six similar complaints filed contemporaneously against RMBS trustees (Deutsche Bank, Citibank, HSBC, Bank of New York Mellon and US Bank) by a group of institutional investor plaintiffs. The Complaint against Wells Fargo Bank alleges that the trustee caused losses to investors and asserts causes of action based upon, among other things, the trustee's alleged failure to (i) enforce repurchase obligations of mortgage loan sellers for purported breaches of representations and warranties, (ii) notify investors of alleged events of default purportedly caused by breaches by mortgage loan servicers, and (iii) abide by appropriate standards of care following alleged events of default. Relief sought includes money damages in an unspecified amount, reimbursement of expenses, and equitable relief. Other cases alleging similar causes of action have been filed against Wells Fargo Bank and other trustees by RMBS investors in these and other transactions. There can be no assurances as to the outcome of the litigation, or the possible impact of the litigation on the trustee or the RMBS trusts. However, Wells Fargo Bank denies liability and believes that it has performed its obligations under the RMBS trusts in good faith, that its actions were not the cause of any losses to investors, and that it has meritorious defenses, and it intends to contest the plaintiffs’ claims vigorously.

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

The information regarding this Item has been previously provided in a prospectus supplement of the Registrant relating to the issuing entity filed on September 27, 2012 pursuant to Rule 424(b)(5).

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

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

The reports on assessments of compliance with the servicing criteria for asset-backed securities and related attestation reports on such assessments of compliance with respect to the 100 Church Street Mortgage Loan, which is being serviced and administered pursuant to the pooling and servicing agreement for the WFRBS 2012-C8 Transaction, are attached hereto under Item 15 to this Annual Report on Form 10-K.  Attached as Schedule III to the pooling and servicing agreement for the WFRBS 2012-C8 Transaction incorporated by reference as Exhibit 4.2 to this Annual Report on Form 10-K is a chart identifying the entities participating in a servicing function for the WFRBS 2012-C8 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

Part IV

Item 15. Exhibits and Financial Statement Schedules.

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

(1) Not applicable

(2) Not applicable

(3) See below

4.1           Pooling and Servicing Agreement, dated as of September 1, 2012, by and among Wells Fargo Commercial Mortgage Securities, Inc., as depositor, U.S. Bank National Association, as trustee, Wells Fargo Bank, National Association, as certificate administrator, as tax administrator and as custodian, Rialto Capital Advisors, LLC, as special servicer, Wells Fargo Bank, National Association, as master servicer and TriMont Real Estate Advisors, Inc., as trust advisor (filed as Exhibit 4.1 to the registrant’s Current Report on Form 8-K/A filed on October 19, 2012 and incorporated by reference herein).

4.2           Pooling and Servicing Agreement, dated as of August 1, 2012, by and among Wells Fargo Commercial Mortgage Securities, Inc., as depositor, Wells Fargo Bank, National Association, as master servicer, Rialto Capital Advisors, LLC, as special servicer, Wells Fargo Bank, National Association, as certificate administrator, as tax administrator and as custodian, Pentalpha Surveillance LLC, as trust advisor, and Deutsche Bank Trust Company Americas, as trustee (filed as Exhibit 4.1 to the registrant’s Current Report on Form 8-K, filed August 7, 2012 in connection with the WFRBS 2012-C8 Transaction and incorporated by reference herein).

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

 

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

33.1 Wells Fargo Bank, National Association, as Master Servicer

33.2 Rialto Capital Advisors, LLC, as Special Servicer

33.3 Wells Fargo Bank, National Association, as Certificate Administrator

33.4 Wells Fargo Bank, National Association, as Custodian

33.5 TriMont Real Estate Advisors, Inc., as Trust Advisor

33.6 CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant

33.7 National Tax Search, LLC, as Servicing Function Participant

33.8 Wells Fargo Bank, National Association, as Primary Servicer for the 100 Church Street Mortgage Loan (see Exhibit 33.1)

33.9 Rialto Capital Advisors, LLC, as Special Servicer for the 100 Church Street Mortgage Loan (see Exhibit 33.2)

33.10 Wells Fargo Bank, National Association, as Certificate Administrator for the 100 Church Street Mortgage Loan (see Exhibit 33.3)

33.11 Wells Fargo Bank, National Association, as Custodian for the 100 Church Street Mortgage Loan (see Exhibit 33.4)

33.12 Pentalpha Surveillance LLC, as Trust Advisor for the 100 Church Street Mortgage Loan

33.13 CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant for the 100 Church Street Mortgage Loan (see Exhibit 33.6)

33.14 National Tax Search, LLC, as Servicing Function Participant for the 100 Church Street Mortgage Loan (see Exhibit 33.7)

34 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 Rialto Capital Advisors, LLC as Special Servicer

34.3 Wells Fargo Bank, National Association as Certificate Administrator

34.4 Wells Fargo Bank, National Association as Custodian

34.5 TriMont Real Estate Advisors, Inc. as Trust Advisor

34.6 CoreLogic Commercial Real Estate Services, Inc. as Servicing Function Participant

34.7 National Tax Search, LLC as Servicing Function Participant

34.8 Wells Fargo Bank, National Association as Master Servicer for the 100 Church Street Loan Combination (see Exhibit 34.1)

34.9 Rialto Capital Advisors, LLC as Special Servicer for the 100 Church Street Loan Combination (see Exhibit 34.2)

34.10 Wells Fargo Bank, National Association as Certificate Administrator for the 100 Church Street Loan Combination (see Exhibit 34.3)

34.11 Wells Fargo Bank, National Association as Custodian for the 100 Church Street Loan Combination (see Exhibit 34.4)

34.12 Pentalpha Surveillance LLC as Trust Advisor for the 100 Church Street Loan Combination

34.13 CoreLogic Commercial Real Estate Services, Inc. as Servicing Function Participant for the 100 Church Street Loan Combination (see Exhibit 34.6)

34.14 National Tax Search, LLC as Servicing Function Participant for the 100 Church Street Loan Combination (see Exhibit 34.7)

35 Servicer compliance statements.

35.1 Wells Fargo Bank, National Association as Master Servicer

35.2 Rialto Capital Advisors, LLC as Special Servicer

35.3 Wells Fargo Bank, National Association as Certificate Administrator

35.4 Wells Fargo Bank, National Association as Master Servicer for the 100 Church Street Loan Combination (see Exhibit 35.1)

35.5 Rialto Capital Advisors, LLC as Special Servicer for the 100 Church Street Loan Combination

35.6 Wells Fargo Bank, National Association as Certificate Administrator for the 100 Church Street Loan Combination

99.1         Mortgage Loan Purchase Agreement, dated September 19, 2012, between Wells Fargo Bank, National Association and Wells Fargo Commercial Mortgage Securities, Inc. incorporated by reference from Exhibit 99.1 of the issuing entity's Current Report on Form 8-K/A filed with the Commission on October 19, 2012.

99.2         Mortgage Loan Purchase Agreement, dated September 19, 2012, between The Royal Bank of Scotland plc and Wells Fargo Commercial Mortgage Securities, Inc. incorporated by reference from Exhibit 99.2 of the issuing entity's Current Report on Form 8-K/A filed with the Commission on October 19, 2012.

99.3         Mortgage Loan Purchase Agreement, dated September 19, 2012, between Ladder Capital Finance Holdings LLLP and Wells Fargo Commercial Mortgage Securities, Inc. incorporated by reference from Exhibit 99.3 of the issuing entity's Current Report on Form 8-K/A filed with the Commission on October 19, 2012.

99.4         Mortgage Loan Purchase Agreement, dated September 19, 2012, between RBS Financial Products Inc. and Wells Fargo Commercial Mortgage Securities, Inc. incorporated by reference from Exhibit 99.4 of the issuing entity's Current Report on Form 8-K/A filed with the Commission on October 19, 2012.

(b)           The exhibits required to be filed by the registrant pursuant to Item 601 of Regulation S-K are listed above and in the Exhibit Index that immediately follows the signature page hereof.

(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 30, 2015

 

Exhibit Index

Exhibit No.

4.1           Pooling and Servicing Agreement, dated as of September 1, 2012, by and among Wells Fargo Commercial Mortgage Securities, Inc., as depositor, U.S. Bank National Association, as trustee, Wells Fargo Bank, National Association, as certificate administrator, as tax administrator and as custodian, Rialto Capital Advisors, LLC, as special servicer, Wells Fargo Bank, National Association, as master servicer and TriMont Real Estate Advisors, Inc., as trust advisor (filed as Exhibit 4.1 to the registrant’s Current Report on Form 8-K/A filed on October 19, 2012 and incorporated by reference herein).

4.2           Pooling and Servicing Agreement, dated as of August 1, 2012, by and among Wells Fargo Commercial Mortgage Securities, Inc., as depositor, Wells Fargo Bank, National Association, as master servicer, Rialto Capital Advisors, LLC, as special servicer, Wells Fargo Bank, National Association, as certificate administrator, as tax administrator and as custodian, Pentalpha Surveillance LLC, as trust advisor, and Deutsche Bank Trust Company Americas, as trustee (filed as Exhibit 4.1 to the registrant’s Current Report on Form 8-K, filed August 7, 2012 in connection with the WFRBS 2012-C8 Transaction and incorporated by reference herein).

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

 

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

33.1 Wells Fargo Bank, National Association, as Master Servicer

33.2 Rialto Capital Advisors, LLC, as Special Servicer

33.3 Wells Fargo Bank, National Association, as Certificate Administrator

33.4 Wells Fargo Bank, National Association, as Custodian

33.5 TriMont Real Estate Advisors, Inc., as Trust Advisor

33.6 CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant

33.7 National Tax Search, LLC, as Servicing Function Participant

33.8 Wells Fargo Bank, National Association, as Primary Servicer for the 100 Church Street Mortgage Loan (see Exhibit 33.1)

33.9 Rialto Capital Advisors, LLC, as Special Servicer for the 100 Church Street Mortgage Loan (see Exhibit 33.2)

33.10 Wells Fargo Bank, National Association, as Certificate Administrator for the 100 Church Street Mortgage Loan (see Exhibit 33.3)

33.11 Wells Fargo Bank, National Association, as Custodian for the 100 Church Street Mortgage Loan (see Exhibit 33.4)

33.12 Pentalpha Surveillance LLC, as Trust Advisor for the 100 Church Street Mortgage Loan

33.13 CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant for the 100 Church Street Mortgage Loan (see Exhibit 33.6)

33.14 National Tax Search, LLC, as Servicing Function Participant for the 100 Church Street Mortgage Loan (see Exhibit 33.7)

34 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 Rialto Capital Advisors, LLC as Special Servicer

34.3 Wells Fargo Bank, National Association as Certificate Administrator

34.4 Wells Fargo Bank, National Association as Custodian

34.5 TriMont Real Estate Advisors, Inc. as Trust Advisor

34.6 CoreLogic Commercial Real Estate Services, Inc. as Servicing Function Participant

34.7 National Tax Search, LLC as Servicing Function Participant

34.8 Wells Fargo Bank, National Association as Master Servicer for the 100 Church Street Loan Combination (see Exhibit 34.1)

34.9 Rialto Capital Advisors, LLC as Special Servicer for the 100 Church Street Loan Combination (see Exhibit 34.2)

34.10 Wells Fargo Bank, National Association as Certificate Administrator for the 100 Church Street Loan Combination (see Exhibit 34.3)

34.11 Wells Fargo Bank, National Association as Custodian for the 100 Church Street Loan Combination (see Exhibit 34.4)

34.12 Pentalpha Surveillance LLC as Trust Advisor for the 100 Church Street Loan Combination

34.13 CoreLogic Commercial Real Estate Services, Inc. as Servicing Function Participant for the 100 Church Street Loan Combination (see Exhibit 34.6)

34.14 National Tax Search, LLC as Servicing Function Participant for the 100 Church Street Loan Combination (see Exhibit 34.7)

35 Servicer compliance statements.

35.1 Wells Fargo Bank, National Association as Master Servicer

35.2 Rialto Capital Advisors, LLC as Special Servicer

35.3 Wells Fargo Bank, National Association as Certificate Administrator

35.4 Wells Fargo Bank, National Association as Master Servicer for the 100 Church Street Loan Combination (see Exhibit 35.1)

35.5 Rialto Capital Advisors, LLC as Special Servicer for the 100 Church Street Loan Combination

35.6 Wells Fargo Bank, National Association as Certificate Administrator for the 100 Church Street Loan Combination

99.1         Mortgage Loan Purchase Agreement, dated as of September 19, 2012, between Wells Fargo Bank, National Association and Wells Fargo Commercial Mortgage Securities, Inc. (filed as Exhibit 99.1 to the registrant's Current Report on Form 8-K filed on October 19, 2012 and incorporated by reference herein)

99.2         Mortgage Loan Purchase Agreement, dated as of September 19, 2012, between The Royal Bank of Scotland plc and Wells Fargo Commercial Mortgage Securities, Inc. (filed as Exhibit 99.2 to the registrant's Current Report on Form 8-K filed on October 19, 2012 and incorporated by reference herein)

99.3         Mortgage Loan Purchase Agreement, dated as of September 19, 2012, among Ladder Capital Finance LLC, Ladder Capital Finance Holdings LLLP and Wells Fargo Commercial Mortgage Securities, Inc. (filed as Exhibit 99.3 to the registrant's Current Report on Form 8-K filed on October 19, 2012 and incorporated by reference herein)

99.4         Mortgage Loan Purchase Agreement, dated as of September 19, 2012, between RBS Financial Products Inc. and Wells Fargo Commercial Mortgage Securities, Inc. (filed as Exhibit 99.4 to the registrant's Current Report on Form 8-K filed on October 19, 2012 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 and in the Exhibit Index that immediately follows the signature page hereof.

(c)            Not applicable.

 

 

EX‑31
 
Rule 13a-14(d)/15d-14(d) Certification.
 
I, Anthony Sfarra, certify that:
1. I have reviewed this report on Form 10-K and all reports on Form 10-D required to be filed in respect of the period covered by this report on Form 10-K of the WFRBS Commercial Mortgage Trust 2012-LC5 (the "Exchange Act periodic reports");
2. Based on my knowledge, the Exchange Act periodic reports, taken as a whole, do not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, all of the distribution, servicing and other information required to be provided under Form 10-D for the period covered by this report is included in the Exchange Act periodic reports;
4. Based on my knowledge and the servicer compliance statements required in this report under Item 1123 of Regulation AB, and except as disclosed in the Exchange Act periodic reports, the servicers have fulfilled their obligations under the servicing agreements in all material respects; and
5. All of the reports on assessment of compliance with servicing criteria for asset-backed securities and their related attestation reports on assessment of compliance with servicing criteria for asset-backed securities required to be included in this report in accordance with Item 1122 of Regulation AB and Exchange Act Rules 13a-18 and 15d-18 have been included as an exhibit to this report, except as otherwise disclosed in this report. Any material instances of noncompliance described in such reports have been disclosed in this report on Form 10-K.
In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties:
Rialto Capital Advisors, LLC, as Special Servicer, U.S. Bank National Association, as Trustee, TriMont Real Estate Advisors, Inc., as Trust Advisor, CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant, National Tax Search, LLC, as Servicing Function Participant, Rialto Capital Advisors, LLC, as Special Servicer of the 100 Church Street Mortgage Loan, Deutsche Bank Trust Company Americas, as Trustee of the 100 Church Street Mortgage Loan, Pentalpha Surveillance LLC, as Trust Advisor of the 100 Church Street mortgage Loan, CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant, and National Tax Search, LLC, as Servicing Function Participant.
Dated: March 30, 2015
 
/s/ Anthony Sfarra
 
Anthony Sfarra
President
(senior officer in charge of securitization of the depositor)
 
EX‑33.1

 

 

 

 

(logo) WELLS

           FARGO

Commercial Mortgage

Servicing

P.O. Box 31388, Oakland, CA 94604

1901 Harrison St., 2nd Floor

Oakland, CA 94612

 

Tel:  800 986 9711

 

 

 

Management’s Assessment

 

Management of Wells Fargo Commercial Mortgage Servicing, a division of Wells Fargo Bank, National Association, (the “Company”) is responsible for assessing compliance with the applicable servicing criteria set forth in Item 1122(d) of Regulation AB of the Securities and Exchange Commission relating to the servicing of commercial loans (the “Platform”), except for servicing criteria 1122(d)(1)(iii), 1122(d)(3)(i)(B-D), 1122(d)(3)(ii-iv), and 1122(d)(4)(xv), which the Company has determined are not applicable to the activities it performs with respect to the Platform, as of and for the year ended December 31, 2014. Appendix A to this letter identifies the commercial mortgage pools and other structures involving the commercial loans constituting the Platform.  Appendix B to this letter identifies the applicable servicing criteria with respect to the Platform. 

 

With respect to servicing criteria 1122(d)(4)(xi) and 1122(d)(4)(xii), the Company performs applicable activities covered by these criteria, with respect to the Platform, except the Company has engaged various vendors to perform certain tax payment activities.  Such vendors have provided separate Regulation AB Item 1122 management assessments and attestations for such activities. 

 

With respect to applicable servicing criterion 1122(d)(4)(iii), there were no activities performed during the year ended December 31, 2014 with respect to the Platform, because there were no occurrences of events that would require the Company to perform such activities.

 

With respect to servicing criteria 1122(d)(1)(i), 1122(d)(3)(i)(A), 1122(d)(4)(i), and 1122(d)(4)(vi), the Company has engaged various vendors to perform the activities required by these servicing criteria. The Company’s management has determined that none of these vendors is considered a “servicer” as defined in Item 1101(j) of Regulation AB, and the Company’s management has elected to take responsibility for assessing compliance with the servicing criteria applicable to each vendor as permitted by the SEC’s Compliance and Disclosure Interpretation (“C&DI”) 200.06, Vendors Engaged by Servicers (C&DI 200.06) (formerly SEC Manual Telephone Interpretation 17.06). The Company has policies and procedures in place designed to provide reasonable assurance that the vendors’ activities comply in all material respects with the servicing criteria applicable to each vendor. The Company’s management is solely responsible for determining that it meets the SEC requirements to apply C&DI 200.06 for the vendors and related criteria.

 

The Company’s management has assessed the Company’s compliance with the applicable servicing criteria as of and for the year ended December 31, 2014. In making this assessment, management used the criteria set forth by the Securities and Exchange Commission in paragraph (d) of Item 1122 of Regulation AB.  Based on such assessment, management believes that, as of and for the year ended December 31, 2014, the Company has complied in all material respects with the servicing criteria set forth in Item 1122(d) of Regulation AB of the Securities and Exchange Commission relating to the servicing of the Platform.

 

KPMG LLP, an independent registered public accounting firm, has issued an attestation report with respect to management’s assessment of compliance with the applicable servicing criteria as of and for the year ended December 31, 2014.  

 

 

March 6, 2015

 

 

 

/s/ Daniel E. Bober

Daniel E. Bober

Executive Vice President,

Commercial Mortgage Servicing

Wells Fargo Bank, National Association

 

 

(logo) Together we’ll go far

 

 


 

 

APPENDIX A

 

COMMERCIAL MORTGAGE POOLS AND OTHER STRUCTURES

 

GOLDMAN SACHS 2005-ROCK

BHMS 2014-ATLS

DOLLAR GENERAL

TIMES SQUARE HOTEL TRUST

BB-UBS 2012-SHOW

DLJ 1999-CG2

BB-UBS 2012-TFT

GSMS 2012-BWTR

GREENWICH CCFC 2003-C2

BB 2013-TYSN

GREENWICH CCFC 2003-C1

COMM 2013-THL

DLJ 1999-CG1

GSMS 2012-SHOP

DLJ 1999-CG3

MS06TOP23

PCMT03PWR1

DLJ 1998-CG1

BSC03PWR2

BSCM06TOP24

BSC05PWR8

MS05TOP19

MSCI06TOP21 (NONPOOLED)

MS06TOP21

BSC04PWR3

BSC04PWR4

BSC05PWR7

MS07TOP25

BSCM04TOP14

BSC04PWR6

BSCM06TOP22

BSCMS05TOP20

BSC04PWR5

BSCM05TOP20 (NONPOOLED)

BA-FUNB 2001-3

BSCM07TOP26

BSC06PWR11

BSC06PWR13

BSC06PWR12

BSC07PWR15

BSC05PWR10

BSC05PWR9

ML 1997-C2

BSC06PWR14

BACM2005-6

MSDW03HQ2

BANC OF AMERICA COMM MTG 2006-1

BANC OF AMERICA COMM MTG 2005-6

BANC OF AMERICA COMM MTG 2006-5

MLMT 2005-CKI1

BANC OF AMERICA COMM MTG 2007-3

BANC OF AMERICA COMM MTG 2006-2

GECMC 2007-C1

GREENWICH CCFC 2007-GG11

JPMC 2003 CIBC6

GECC 2001-3

JPMC 2002 C2

ML-CFC 2006-1

GREENWICH CCFC 2007-GG9

CGCMT 2013-GC17

DBUBS 2011-LC2

DBUBS 2011- LC3

CGCMT 2014-GC21

COMM 2014-CCRE20

COMM 2014-277P

CITIGROUP 2007-C6

MLMT 2006-C2

COMM 2014-CCRE14

COMM 2013-CCRE12

MS03TOP11

GSMS 2013-GC10

CITIGROUP 2013-GCJ11

GSMS 2012-GCJ9

GSMS 2010-C2

GSMS 2011-GC3

JPMC 2003-C1

ML-CFC 2006-2

GREENWICH CCFC 2005-GG5

GSMS 2013-GC13

GSMS 2014-GC18

COMM 2014-UBS5

GRACE 2014-GRCE

GSMS 2012-ALOHA

CITIGROUP 2012-GC8

GSMS 2012-TMSQ

GE 2006 C1

JPMC 2003 ML1

GOLDMAN 2006-GG8

CGCMT 2013-GC15

GECC 2002-3

MLMT06C1

JPM06CIBC15

MS04TOP15

JPM07CIBC19

JPM06CIBC17

GSMSC04GG2

MLCFC06-4

COMM 2013-CCRE6

GOLDMAN 2006-GG6

COMM 2013-CCRE13

COMM 2014-LC17

COMM 2014-LC15

COMM 2014-UB6 PRIMARY ONLY

JPMC 2002 CIBC5

GE 2002 C2

GSMS 2013-GCJ14

CGCMT 2014-GC19

CGCMT 2014-GC25

GECC 2002-1

WFLD 2014-MONT

GSMS 2013-GCJ16

GSMS 2014-GC22

DBCCRE 2014-ARCP

MS05TOP17

MSDW03TOP9

BSCM03TOP12

BAMLL 2013-WBRK

COMM 2013-WWP

BWAY 2013-1515

COMM 2014-CCRE15 PRIMARY

TMSQ 2014-1500

JPMCC 2014-DSTY

JPM08C2

BSCM03TOP10

BSCM04TOP16

GECMC 2004 C2

GSMSC 2010-C1

JPMC 2002 C1

COMM 2012-LC4

UBS 2012-C1

GREENWICH CCFC 2004-GG1

GOLDMAN 2007-GG10

GSMS 2012-GCJ7

CITIGROUP 2013-375P

GSMS 2014-GC26

COMM 2013-CCRE10

UBS-BARCLAYS 2012-C4

COMM 2010-C1

UBS-CITIGROUP 2011-C1

BSCM05TOP18

MS04TOP13

GSMS 2013-KING

UBS-BARCLAYS 2012-C2

GSMS 2011-GC5

GSMS 2013-GCJ12

COMM 2014-UBS3

DBUBS 2011-LC1

COMM 2012-9W57

GMAC 2003-C1

JPM6LDP9

JPM05LDP3

GCCFC 2005-GG3

MSCI 2003-IQ4

1345FB2005

NORTEL NETWORKS TRUST 2001-1

MSC05HQ6

MSCI04HQ3

MS07TOP27 AW34 (NONPOOLED)

MS07TOP27

BSC07PWR18

CD 2007-CD4

MSC 2014-MP

BSC07PWR16

BSC07PWR17

QCMT13QC

GREENWICH CCFC 2002 C1

MS08TOP29

COMM 2014-KYO

BSCM07TOP28

RBSCF 2013-SMV

BEAR 1999-C1

MSCI2007IQ16

DMARC 1998-C1

MSC06HQ10

MSC05HQ7

MSC04HQ4

MSCI06HQ9

MSCI06HQ8

MSC07HQ12

MS01TOP1

MLCFC07-9

MSC07IQ13

MSCI03IQ6

FUNB 2001 C4

FUNB 2001 C2

MERRILL LYNCH 2008-C1

ML-CFC 2007-7

BSC00WF2

MSCI05IQ9

MLCFC07-6

MSD01TP3

MLCFC07-5

MDC02TP7

BSCM02TOP8

BS01TOP2

MLCFC07-8

MSC07IQ14

BSC01TP4

MSC07IQ16

MSC06IQ11

MSCI04IQ7

CITIGROUP 2013-SMP

COMM 2013-SFS

BSC00WF1

MSCI04IQ8

MLMT07C1

MDC01TP5

BSC99WF2

COUNTRYWIDE 2007-MF1

ML-CFC 2007-6

BSC02TP6

MLMT 2002 MW1

LB 1999 C1

LB 1999 C2

SRPT 2014-STAR

LB 1998 C4

SCG 2013-SRP1

COMMUNITY SOUTH BANK PORTFOLIO

JPMC 2005 LDP1

1999-LIFE1

MSC99WF1

MSC98WF2

WACHOVIA 2003-C4

WACHOVIA 2003 C3

CGCMT 2014-388G

BAMLL 2014-IP

WACHOVIA 2002 C1

JPMCC 2007-LDP11

RBSCF 2013-GSP

WACHOVIA 2003-C5

FUNB99C1

MSC 2014-CPT

COMM 2013-FL3

BAMLL 2014-8SPR

AMERICOLD 2010-ART

FUNB 2001 C3

CGWF 2013-RKWH

CGBAM 2013-BREH

BAMLL 2014-ICTS

WACHOVIA 2003-C7

JPMC 2006-LDP7

BAMLL 2014-INLD

MS2000LIFE1

JPMC03LN1

LCCM 2014-909

JPM2006LDP8

BAMLL 2013-DSNY

ONE LINCOLN 2004-C3

JPMC 2005-LDP2

VNO 2012-6AVE

JPMCC 2007-LDP10

JPMC 2001 CIBC3

VDNO 2013-PENN

CSMC 2014-USA

JPM2007LDP12

BBCMS 2014-BXO

BAMLL 2014-520M

COMM 2014-BBG

CGRBS 2013-VNO5TH

LCCM2013GCP

WACHOVIA 2003-C6

COMM 2014-PAT

CGBAM 2014-HD

BLCP 2014-CLRN

ENERGY PLAZA LEASE TRUST 2002

WFCM 2014-TISH

CD 2007-CD5

WACHOVIA 2002 C2

ML 1998-C3

JPMC 2006-LDP9

JPMC 2006 FL2

COMM 2014-FL4

JPMCC 2014-FL5

COMM 2014-FL5

JPMC 2011-PLSD

7 WORLD TRADE CENTER 2012-WTC

FULB 1997 C2

JPMC 2013-ALC

3 WORLD TRADE CENTER 2014

BAMLL 2014 - FL1

BAMLL 2014-INLD MZ B

BACM2007-1

MSDWMC OWNER TRUST 2000-F1

JP MORGAN CB 2003-CIBC7

1166 AVENUE OF AMERICAS 2005-C6

FREMF 2012-K705 - PRIMARY ONLY

FREMF 2013-KS01 PRIMARY

FOUR TIMES SQUARE 2006 - 4TS

FREMF 2014 K39  PRIMARY

FREMF 2014 K37  (PRIMARY)

CSF99C01

COMM07FL14

COMM07FL14 (NONPOOLED)

GOLDMAN 2010-K5 - PRIMARY ONLY

FREMF 2012-K709 - PRIMARY ONLY

FREMF 2011-K14 PRIMARY ONLY

FREMF 2013 KF02 PRIMARY ONLY

FREMF 2013-K24 (PRIMARY ONLY)

CHASE-FUNB 1999-1

FREMF 2014-K38  PRIMARY

FREMF 2013-K502 - PRIMARY ONLY

FREMF 2013-K712 PRIMARY ONLY

FREMF 2014-KX01  (PRIMARY)

FREMF 2012-KF01 PRIMARY ONLY

FREMF 2012-K710 PRIMARY ONLY

FREMF 2011-K10 - PRIMARY ONLY

FREMF 2011 K12 PRIMARY ONLY

FREMF 2014 KF03  (PRIMARY)

FREMF 2012 - K19 PRIMARY ONLY

COMM 2009-K4 PRIMARY

FREMF 2012-K501 - PRIMARY ONLY

FREMF 2012-K22 (PRIMARY ONLY)

LB UBS 2004 C6

WACHOVIA 2007-C33

LB-UBS 2007-C7

WFRBS 2011-C3

WACHOVIA 2006-C29

FREMF 2012-K18 - PRIMARY ONLY

COMM 2012-CCRE1

COMM 2012-CCRE2

FREMF 2013 K32  PRIMARY ONLY

LB UBS 2002 C7

LB-UBS 2003-C3

WACHOVIA 2004-C12

WACHOVIA 2005-C16

FUNB 1999 C4

WACHOVIA 2006-C26

LB UBS 2006-C4

CSCMT 2007-C3

COBALT 2007- C3

MORGAN STANLEY 2007-HQ13

COBALT 2007-C2

LB UBS 2002 C1

CITIGROUP 2005 C3

WACHOVIA 2005-C22

TIAA 2007-C4

LB UBS 2006-C7

IRVINE CORE OFFICE TRUST 2013-IRV

WFCM 2014-LC16

WFRBS 2014-C22

LBUBS05C2

WFRBS 2012-C7

JPMCC 2012-C6

WFRBS 2012-C8

MSBAM 2013-C11

WACHOVIA 2005-C19

LB UBS 2004 C1

CS FIRST BOSTON 1998 C2

CITIGROUP 2006 C5

WACHOVIA 2004 C15

LB UBS 2003 C8

CSCMC 2007-C4

CHASE 2000-3

FREMF 2010-K6 PRIMARY ONLY

FREMF 2011-KAIV PRIMARY ONLY

WACHOVIA 2005 C17

LB-UBS 2005 C7

CSFB 2006-C2

LB-UBS 2006 C3

MSBAM 2014-C15

COMM 2012-CCRE4

GECC 2000-1

WACHOVIA 2007-WHALE 8

CD 2006-CD3

MORGAN STANLEY 2011-C3

FUNB-BA 2001 C1

WACHOVIA 2006-C24

FREMF 2012-K17 PRIMARY AND SPECIAL

WACHOVIA 2003-C8

LB-UBS 2003-C1

LB UBS 2004 C7

LB-UBS 2005 C5

WFRBS 2011-C5

WACHOVIA 2006-C25

WACHOVIA 2007-C34

WFRBS 2013-C14

JPMC 2014-C20

WFRBS 2014-C20

WFRBS 2013-C12

WFCM10C1

WFRBS 2014-LC14

WFRBS 2013-C16

JPMBB 2014-C25

MSBAM 2013-C8

JPMBB 2013-C17

JPMBB 2014-C21

WFRBS 2013-C15

JPMCC 2013-C16

WFRBS 2014-C21

LB-UBS 2003 C5

LB UBS 2004 C4

LB UBS 2005 C1

WACHOVIA 2004 C10

VORNADO DP LLC 2010-VNO

CSCMT 2007-C2

COMM 2012-CCRE3

LB UBS 2001 C3

WACHOVIA 2005-C20

WACHOVIA 2007-C32

WACHOVIA 2007-C31

WACHOVIA 2006-C27

WACHOVIA 2006-C28

CHASE 1999-2

MSBAM 2014-C19

WACHOVIA 2004 C14

WFRBS 2012-C9

WFRBS 2012-C6

WFRBS 2012-C10

WFCM 2013-LC12

WFRBS 2013-C13

JPMBB 2013-C15

WFRBS 2014-C19

WFRBS 2014-C24

LBUBS05C3

WFRBS 2013-UBS1

JPMBB 2014-C24

WFCM 2013-BTC

WFRBS 2013-C11

WFRBS11C4

WFRBS 2013-C18

WFRBS 2014-C23

WFRBS 2014-C25

WFRBS11C2

RBS 2010-MB1

WACHOVIA 2003-C9

WACHOVIA 2004 C11

1166 AVENUE OF THE AMERICAS 2002-C5

CD 2006-CD2

JPMC 2012-CIBX

WFCM 2012-LC5

FREMF 2011-K16 - PRIMARY ONLY

MEZZ CAP 2004-C2

COBALT 2006-C1

MEZZ CAP 2005-C3

MERRILL LYNCH 1998 C2

LB-UBS 2007-C6

MORGAN STANLEY BAML 2012-C6

MSBAM 2014-C14

MSBAM 2013-C12

MSBAM 2014-C17

FREMF 2013-K35 (PRIMARY)

FREMF 2013 K28  (PRIMARY)

CITY CENTER 2011-CCHP

MEZZ CAP 2004-C1

WACHOVIA 2005-C21

LB UBS 2008-C1

FUNB/CHASE 1999 C2

LB UBS 2006-C6

ACRE 2013-FL1

ACRE 2014-FL2

MEZZ CAP 2007-C5

MEZZ CAP 2006-C4

FREMF 2012-K21 - PRIMARY ONLY

FREMF 2012-KP01 PRIMARY ONLY

FREMF 2013-K27

WACHOVIA 2006-C23

LB-UBS 2006 C1

WACHOVIA 2007-C30

FUNB 2000 C2

MSBAM 2014-C16

MSBAM 2014-C18

WFRBS 2013-C17

WFCM 2014-LC18

JPMBB 2014-C23

JPMBB 2014-C22

LB UBS 2000 C5

WACHOVIA 2005-C18

LB UBS 2004 C8

CITIGROUP CMT 2004 C1

FUNB 2000 C1

LB UBS 2002 C2

WACHOVIA 2006-WHALE 7

CITIGROUP 2006-FL2

LB-UBS 2007-C2

NLY 2014-FL1

RESOURCE 2013-CRE1

PFP III 2014-1

RESOURCE 2014-CRE2

MSBAM 2013-C13

FREMF 2010-K7

FREMF 2010-K8

FREMF 2014-KF06  PRIMARY

MERRILL LYNCH 1996 C2

FREMF 2014-K41

FREMF 2011-K13

COMM 2009-K3

FREMF 2010-K9

FREMF 2011-K11

FREMF 2014 K715

FREDDIE MAC 2010 K-SCT

FREMF 2011-K701

FREMF 2011-K702

FREMF 2011-K703

FREMF 2011-K15

FREMF 2014-K717  PRIMARY

FREMF 2013-K26

CMAT 1999 C1

FREMF 2012-K707

FREMF 2014-K714

FREMF 2013-K31

FREMF 2013-K33

FREMF 2012-K711

FREMF 2014-K36

FREMF 2014-K40

FREMF 2014-K716

FREMF 2011-K704

FREMF 2014-KF04

FREMF 2012-K23

FREMF 2013-K25

FREMF 2012-K20

FREMF 2012-K706

FREMF 2013-K34

FREMF 2013 K30 MASTER

FREMF 2013 K29 (MASTER)

FREMF 2014-KF05

FREMF 2014 KS02

FREMF 2013 K713

FREMF 2012-K708

MORGAN STANLEY 2005-HQ5

OBP DEPOSITOR, LLC TRUST 2010-OBP

COMM 2012-MVP

GRAND PACIFIC BUSINESS LOAN TRUST 2005-1

WFCM 2013-120B

2001-CMLB-1

MS2000PRIN

NORTHSTAR 2013-1 (CLO)

BSB06001

CREST 2003-2

CSFB94CFB1

NS 2012-1

UCB07-1

MAIDEN 2008-1

REXFORD INDUSTRIAL FUND V LP WAREHOUSE

SOUND MARK HORIZONS FUND LP WAREHOUSE

RESOURCE CAPITAL CORP. WAREHOUSE

SAS WAREHOUSE 2013 (H2)

PRIME FINANCE PARTNERS I, L.P.

H2 WAREHOUSE 2013

JEMB MADISON AVE LLC (BASIS I - 292 MAD)

BROE WAREHOUSE

SAF FUNDING, LLC

H2 CREDIT PARTNERS WAREHOUSE

YELLOW BRICK REAL ESTATE CAPITAL I, LLC

LOANCORE (JEFFERIES) WAREHOUSE

JLC WAREHOUSE I LLC

JLC WAREHOUSE II  LLC

BICOASTAL (A BLACKSTONE CREDIT FACILITY)

FII F DEBT ACCT PTE LTD

STARWOOD AND CITI REP

STARWOOD & GOLDMAN REPO

BELVEDERE CAPITAL WAREHOUSE

BASIS RE CAPITAL II (REPO)

MODERN BANK, N.A.

LADDER WELLS FARGO REPO

LADDER CAPITAL LLC REPO

LADDER JPM REPO

LADDER DEUTSCHE REPO

RIALTO REPO WITH WF

BANK OF AMERICA WAREHOUSE

RIALTO REPO W/ GS

TUEBOR WAREHOUSE (LADDER)

RIALTO WAREHOUSE 2013

GERMAN AMERICAN CAPITAL CORPORATION WARE

KEARNY CREDIT FACILITY WAREHOUSE

BARCLAYS WAREHOUSE

 

KGS-ALPHA REAL ESTATE

FORTRESS CREDIT CORP WAREHOUSE

ROCKWOOD (375 PARK) WAREHOUSE

OWS I ACQUISITIONS, LLC WH

OWS COF I MASTER WH

OWS CREDIT OPPORTUNITY I WH

ONE WILLIAM STREET CAP MASTER FUND WH

SRE FW MEZZ WAREHOUSE (RIDGMAR MEZZ)

SINGERMAN (RIDGMAR MEZZ LOAN)

NXT CAPITAL FUNDING II, LLC

SPREF WH II WF REPO

STARWOOD & DEUTSCHE REPO

LADDER MET LIFE REPO

PRIME FINANCE PARTNERS III, LP

SILVERPEAK RE FINANCE LLC WAREHOUSE

GERMAN AMERICAN / DEUTSCHE WAREHOUSE

LONESTAR (RELIUS) WAREHOUSE 2013

SPREF WH I LLC (DEUTSCHE REPO)

JLC WAREHOUSE IV LLC (DEUTSCHE REPO)

WACHOVIA GENERAL PARTICIPANT

WACHOVIA GENERAL PARTICIPANT

PRIME FINANCE PARTNERS II, L.P.

RLJ III - FINANCE HOLDINGS, LLC

TRT LENDING REPO WAREHOUSE

STARWOOD PROPERTY MORTGAGE LLC WAREHOUSE

FORTRESS (CF TRANS HOLDCO LLC) WAREHOUSE

TRT LENDING SUBSIDIARY LLC

ACM TRAFFORD V LLC WAREHOUSE

LONE STAR REPO WITH WELLS FARGO

CITIGROUP GLOBAL MARKETS REALTY CORP

CREXUS WAREHOUSE

WASHINGTON SUB, LLC

STARWOOD MORTGAGE CAPITAL WAREHOUSE

ARCHETYPE & BARCLAYS REPO

MC FIVE MILE SPE B LLC (COLUMN REPO)

FIVE MILE WAREHOUSE (GS)

STARWOOD CITI REPO SUB 6

NRFC WAREHOUSE (SOHO HOUSE)

PILLAR FUNDING LLC WAREHOUSE

PRIME REPO WITH U.S. BANK

PRIME REPO WITH METLIFE

UBS WAREHOUSE

CF BRANCH WAREHOUSE

MKP CREDIT MASTER FUND MEZZANINE

WESTIN TIME SQUARE MEZZANINE

WESTIN TIME SQUARE MEZZANINE 2

BLACKSTONE SELECT HOTEL SR MEZZ

NBS REAL ESTATE CAPITAL WAREHOUSE

LONESTAR REPO WITH CB

TEACHERS INSURANCE & ANNUITY ASSOCIATION

STARWOOD PROPERTY MORTGAGE SUB-2, L.L.C.

ACCOR MEZZ WAREHOUSE

ALABAMASAVES WAREHOUSE

CANTOR CRE LENDING LP

MACQUARIE WAREHOUSE

GCCP H-1, LLC (GROSSMAN)

MORGAN STANLEY

GACC/DEUTSCHE FLOATING WAREHOUSE

MKP CREDIT MASTER FUND WAREHOUSE

BANCORP BANK WAREHOUSE

ROCKWOOD CAPITAL, LLC (NORTHROCK)

CAPITAL LEASE WAREHOUSE-398 & 526

RAITH WAREHOUSE

BUCHANAN FUND V

BMC MORTGAGES VI

BUCHANAN MORTGAGE CAPITAL

FIVE MILE WAREHOUSE

NRFC II REPO WAREHOUSE

NORTHSTAR-DORAL WAREHOUSE (NRFC)

 

NORTHSTAR-DORAL WAREHOUSE (NSREIT)

NORTHSTAR-CITI REPO WAREHOUSE

NRFC REPO WAREHOUSE

NORTHSTAR (CB LOAN NT-II,LLC)

CB REPO

SQUARE MILE/RAM ACQ, LLC

OWS ABS MASTER FUND II, LP

GOLDMAN SACHS WAREHOUSE

LVS II SPE III LLC (AFFILIATE OF PIMCO)

TOCU II LLC  (PIMCO ENTITY)

GS COMMERCIAL REAL ESTATE WAREHOUSE

PIMCO (GCCU I LLC)

PIMCO (TOCU I LLC)

LIBREMAX WAREHOUSE

ROC DEBT STRATEGY FUND MANAGER LLC

BLACKSTONE (BRE/MWT)

RBS WAREHOUSE

GREENWICH CAPITAL FINANCIAL PRODUCTS INC

JP MORGAN CHASE

PFP II SUB I, LLC

PRIME AND METLIFE REPO

RESOURCE CAPITAL REPO WAREHOUSE

BREDS LOAN CAPITAL REPO WAREHOUSE

BREDS LOAN CAPITAL IV REPO WAREHOUSE

BREDS LOAN CAPITAL II REPO WAREHOUSE

MORGAN STANLEY

NORTHSTAR(NS HEALTHCARELOANHOLDING LLC)

NS RE INCOME OPERATING PARTNESHIP II, LP

NORTHSTAR DB LOAN NT-II  REPO

WFB REPO WITH LVSI

NORTHSTAR (NS HEALTHCARE PT 2) WAREHOUSE

 

NORTHSTAR-DB REPO WAREHOUSE (NSINCOME)

NORTHSTAR-DB REPO WAREHOUSE (NRFC)

CANTOR REPO WITH MET LIFE

PFP III SUB I, LLC

MARATHON STRUCTURED FINANCE FUND LP

MARATHON STRUCTURED FINANCE FUND LP

MARATHON STRUCTURED FINANCE FUND LP

TRIANGLE WAREHOUSE

ONE WEST BANK REPO

 

MEZZ CAP LLC (FKA CBA MEZZ)

MEZZ CAP REIT I, INC

RESOURCES REPO WITH DB

SL GREEN REALTY CORP/GRAMERCY

H2-WF REPO WAREHOUSE

SL GREEN WAREHOUSE

SL GREEN - JPM REPO

DEXIA REAL ESTATE PORTFOLIO

DEXIA REAL ESTATE CAPITAL MARKETS

 

BB&T WAREHOUSE

NORTHSTAR WAREHOUSE

LEHMAN BROTHERS WAREHOUSE

LEHMAN BROTHERS WAREHOUSE

AG MIT CREL (ANGELO GORDON ENTITY) REPO

WEST RIVER WAREHOUSE

VALSTONE WAREHOUSE

WACHOVIA RED - TAX CREDIT

WACHOVIA RED - TAX CREDIT

RIVER MARKET BROE WAREHOUSE

VORNADO REALTY L.P. WAREHOUSE

CD 2007-CD4 COMPANION

LB-UBS 2006 C1 COMPANION

GREENWICH CCFC 2003 C1 (COMPANION)

BSCMS05TOP20 (COMPANION)_LANDESBANK

MS06TOP23 (COMPANION)_LANDESBANK

COBALT 2007- C3 COMPANION

LB UBS 2006-C4 COMPANION

CITIGROUP 2007-C6 (COMPANION)

WACHOVIA 2006-C27 - COMPANION

MSBAM 2013-C12 COMPANION

JPMC 2006-LDP9 COMPANION

GREENWICH CCFC 2007-GG11 COMPANION

MORGAN STANLEY 2007 IQ14

CITIGROUP 2012-GC8 COMPANION

COMM 2014-LC17 COMPANION

GSMS 2013-GC10

COMM 2013-WWP COMPANION

GSMS 2011-GC5 COMPANION

GOLDMAN 2006-GG6 COMPANIONS

GREENWICH CCFC 2007-GG9 COMPANION

CGCMT 2014-GC21 COMPANION

COMM 2014-CCRE14 COMPANION

GSMS 2011-GC3 COMPANION

GSMS 2010-C2 COMPANION

GREENWICH CCFC 05 GG5 (COMPANION)

GSMS 2014-GC18 COMPANION

COMM 2014-UBS5 COMPANION

GOLDMAN 2006-GG8 COMPANIONS

CGCMT 2013-GC15 COMPANION

COMM 2013-CCRE13

COMM 2014-LC15 COMPANION

COMM 2013-CCRE6 COMPANION

GSMSC04GG2 (COMPANION) 1_VARIABLELIFE

CGCMT 2014-GC25  COMPANION

CGCMT 2014-GC19 COMPANION

GSMS 2014-GC22 COMPANION

GSMSC 2010-C1 COMPANION

GOLDMAN 2007-GG10 COMPANION

GSMS 2012-GCJ7 COMPANION

CITIGROUP 2013-375P COMPANION

GSMS 2014-GC26 COMPANION

COMM 2013-CCRE10 COMPANION

COMM 2010-C1 COMPANION

COMM 2014-UBS3 COMPANION

DBUBS 2011-LC1 COMPANION

BSCM07TOP28 (COMPANION) 1_BALDEAGLE

MSC05HQ6 (COMPANION)_PRUDENTIAL

ML-CFC 2007-7 COMPANION

FUNB 2001 C2 B NOTES

BSCM07TOP28 (COMPANION) 2_STARWOOD

MLCFC07-6 (COMPANION)_ASTAR

1345FB2005 (COMPANION)

BSCMS05TOP20 (COMPANION) 2_HARTFORDLIFE

BSCMS05TOP20 (COMPANION) 3_METLIFE

BSCMS05TOP20 (COMPANION) 1_NYLIFE

MSC07HQ12 (COMPANION) 2_DEUTSCHEAG

MSC07HQ12 (COMPANION) 1_CIT

JPMCC 2007-LDP11 COMPANION

JPMC 2006-LDP7 COMPANION

FUNB 2001 C3 B NOTES

CGWF 2013-RKWH COMPANION

JPMCC 2007-LDP10 COMPANION

7 WORLD TRADE CENTER 2012-WTC COMPANION

COMM 2006-FL12 COMPANION

COMM 2013-FL3 COMPANION

BRE SELECT HOTELS MEZZ WAREHOUSE

3 WORLD TRADE CENTER 2014 COMPANION

BAMLL 2014-FL1 COMPANION

CGBAM 2014-HD COMPANION

LEHMAN 2006 LLF-C5C

LEHMAN 2005-LLF C4 (COMPANIONS)

JPMCC 2014-FL5 COMPANION

COMM 2014-FL4 COMPANION

LB UBS 2004 C6 COMPANION

MSBAM 2013-C11 COMPANION

WACHOVIA 2004-C15 COMPANION

 

LB-UBS 2005-C7 COMPANION

WACHOVIA 2007-WHALE 8 NON TRUST

FOUR TIMES SQUARE 2006 - 4TS COMPANION

COMM07FL14 (COMPANION) 2_SOCIETE GENERAL

WACHOVIA 2007-C31 COMPANION

WACHOVIA 2007-C32 COMPANION

COBALT 2007-C2 COMPANION

WACHOVIA 2007-C34 COMPANION

MSBAM 2013-C8 COMPANION

JPM 2012-CIBX COMPANION

LB UBS 2004 C8 COMPANION

WACHOVIA 2006-C29 COMPANION

WACHOVIA 2006-C24 (COMPANION)

LEHMAN-UBS 2005 C5 COMPANION

WACHOVIA 2006-C25 (COMPANION)

WACHOVIA 2005-C20 (COMPANION)

WACHOVIA 2007-C30 COMPANION

WACHOVIA 2007-C33 COMPANION

WFCM 2013-LC12 COMPANION

MORGAN STANLEY 2007-HQ13 COMPANION

LB UBS 2006-C7 COMPANION

WFRBS 2014-C22 COMPANION

MSBAM 2014-C15  COMPANION

LB-UBS 2006-C3 COMPANION

JPMC 2014-C20 COMPANION

WFRBS 2014-C20 COMPANION

WFRBS 2014-LC14 COMPANION

WFRBS 2013-C16 COMPANION

JPMBB 2013-C17 COMPANION

WFRBS 2013-C15 COMPANION

JPMCC 2013-C16 COMPANION

JPMBB 2014 - C21 COMPANION

WACHOVIA 2004-C10 (COMPANION)

LB UBS 2005 C1 COMPANION

LBUBS05C3 (COMPANION) 1_SORINRE

LBUBS05C3 (COMPANION) 4_QUADRANTFUND

LBUBS05C3 (SENIOR MEZZ) 5_BAYERISCHE

LBUBS05C3 (SENIOR MEZZ) 4_AIBDEBT

LBUBS05C3 (SENIOR MEZZ) 3_LRP

LBUBS05C3 (SENIOR MEZZ) 2_ING

LBUBS05C3 (SENIOR MEZZ) 1_METLIFE

WFRBS 2013-C11 COMPANION

WFRBS11C2 (PARTICIPATION)_WEST RIVER

MSBAM 2014-C19  COMPANION

JPMBB 2013-C15 COMPANION

WFRBS 2014-C19 COMPANION

WFRBS 2013-UBS1 COMPANION

WFRBS 2014-C25  COMPANION

WFRBS 2014-C23 COMPANION

RBS 2010-MB1 COMPANION

WACHOVIA 2004-C11 (COMPANION)

LB-UBS 2007-C6 (COMPANION)

CITY CENTER 2011-CCHP COMPANION

MSBAM 2014-C14 COMPANION

MSBAM 2014-C17  COMPANION

WACHOVIA 2005-C21 (COMPANION)

LB-UBS 2006-C6 COMPANION

MSBAM 2014-C16 COMPANION

MSBAM 2014-C18 COMPANION

WFRBS 2013 - C17 COMPANION

WFCM 2014- LC18  COMPANION

JPMBB 2014-C22  COMPANION

LB UBS 2007-C2 COMPANION

WACHOVIA 2006 WHALE 7 NON TRUST

CITIGROUP 2006-FL2 COMPANION

JPMC 2005-LDP2 COMPANIONS

MORGAN GUARANTY TRUST CO. OF NY

STRATEGIC LAND JOINT VENTURE 2

MLFT 2006-1 (COMPANION)_CAPTRUST

VERTICAL CRE CDO 2006-1_ROYAL HOLIDAY

CONCORD REAL ESTATE CDO 2006-1 (CERRITOS

CRESS 2008-1 CDO_PLAZAELSEGUNDO

CBA-MEZZANINE CAPITAL FINANCE

MLCFC07-5 (COMPANION)_LEXINGTON

ALL STATE_PPG (PARTICIPATION)

WFRBS11C4 (COMPANION)_LIBERTYLIFE

WFCM10C1 (PARTICIPATION)_BASIS

NORTHSTAR CDO VIII

NORTHSTAR CDO IX PRIMARY (MEMORIAL MALL)

NEWCASTLE CDO IX

CONCORD REAL ESTATE CDO 2006-1

MARATHON REAL ESTATE CDO 2006-1

CAPLEASE CDO 2005-1

RESOURCE REAL ESTATE FUNDING CDO 2006-1

WACHOVIA CRE CDO 2006-1

RESOURCE REF CDO 2007-1

CAPITAL SOURCE RELT 2006-A

NORTHSTAR CDO IV LTD

NORTHSTAR CDO VI

SUNTRUST BANK_KINGPLAZA (PARTICIPATION)

PEOPLE'S UNITED BANK_COLE MT AND PPG

FMBT12FBLU

JPMC07FL1

HMAC99PH1

WB05WHALE6

GCCFC04FL2

GCCFC03C2C

LB06LLFC5

DDR09DDR1

COMM06FL12

CSFB06TFL2

CSF7C2

CSFB97C1

MSD00LIFE2

1998-WF1

1997-WF1

GCCFC06FL4

LBUBS2001C2

LBUBS2000C3

GECC 2001-1

COMM12FL2

LBUBS03C7

LBUBS2002C4

GECC 2003-C2

FUNB2002C1

WB06C28C

CHASE 2000-2

CGBAM13BREH

BSC00WF1

COMM11FL1

MS2000LIFE1

CGCMT14GC25C

 


 

 

APPENDIX B

 

APPLICABLE SERVICING CRITERIA WITH RESPECT TO COMMERCIAL LOANS

 

(THE PLATFORM)

 

Servicing Criteria

Applicable
Servicing Criteria

INAPPLICABLE
Servicing
Criteria

Reference

Criteria

Performed

Directly
by
the Company

Performed by
Vendor(s) for which the Company is  the Responsible Party

Performed by vendor(s) for which the Company is NOT the Responsible Party

NOT performed by the Company or by subservicer(s) or vendor(s) retained by the Company

 

General Servicing Considerations

 

 

 

 

1122(d)(1)(i)

Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements.

X

X

 

 

1122(d)(1)(ii)

If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities.

X

 

 

 

1122(d)(1)(iii)

Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained.

 

 

 

X

1122(d)(1)(iv)

A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements.

X

 

 

 

 

Cash Collection and Administration

 

 

 

 

1122(d)(2)(i)

Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements.

X

 

 

 

1122(d)(2)(ii)

Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.

X

 

 

 

1122(d)(2)(iii)

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.

X

 

 

 

1122(d)(2)(iv)

The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements.

X

 

 

 

1122(d)(2)(v)

Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act.

X

 

 

 

1122(d)(2)(vi)

Unissued checks are safeguarded so as to prevent unauthorized access.

X

 

 

 

1122(d)(2)(vii)

Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements.

X

 

 

 

 

Investor Remittances and Reporting

 

 

 

 

1122(d)(3)(i) (A)

Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements;

X

X

 

 

1122(d)(3)(i)(B)

(B) provide information calculated in accordance with the terms specified in the transaction agreements;

 

 

 

X

1122(d)(3)(i)(C)

(C) are filed with the Commission as required by its rules and regulations;

 

 

 

X

1122(d)(3)(i)(D)

(D) agree with investors’ or  the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the Servicer.

 

 

 

X

1122(d)(3)(ii)

Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements.

 

 

 

X

1122(d)(3)(iii)

Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreement

 

 

 

X

1122(d)(3)(iv)

Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements.

 

 

 

X

 

Pool Asset Administration

 

 

 

 

1122(d)(4)(i)

Collateral or security on pool assets is maintained as required by the transaction agreement or related mortgage loan documents.

X

X

 

 

1122(d)(4)(ii)

Pool assets and related documents are safeguarded as required by the transaction agreement.

X

 

 

 

1122(d)(4)(iii)

Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements.

X(1)

 

 

 

1122(d)(4)(iv)

Payments on pool assets, including any payoffs, made in accordance with the related [pool asset] documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage loan documents.

X

 

 

 

1122(d)(4)(v)

The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance.

X

 

 

 

1122(d)(4)(vi)

Changes with respect to the terms or status of an obligor's pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents.

X

X

 

 

1122(d)(4)(vii)

Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements.

X

 

 

 

1122(d)(4)(viii)

Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment).

X

 

 

 

1122(d)(4)(ix)

Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related mortgage loan documents.

X

 

 

 

1122(d)(4)(x)(A)

Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements

X

 

 

 

1122(d)(4)(x)(B)

(B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws;

X

 

 

 

1122(d)(4)(x)(C)

(C) such funds are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction agreements.

X

 

 

 

1122(d)(4)(xi)

Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the Servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements.

X

 

X (2)

 

1122(d)(4)(xii)

Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the Servicer’s funds and not charged to the obligor, unless the late payment was due to the obligor’s error or omission.

X

 

X(2)

 

1122(d)(4)(xiii)

Disbursements made on behalf of an obligor are posted within two business days to the obligor’s records maintained by the Servicer, or such other number of days specified in the transaction agreements.

X

 

 

 

1122(d)(4)(xiv)

Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.

X

 

 

 

1122(d)(4)(xv)

Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements.

 

 

 

X

 

(1)     There were no activities performed during the year ended December 31, 2014 with respect to the Platform, because there were no occurrences of events that would require the Company to perform such activities.

(2)     The vendors, CoreLogic, Inc.  and National Tax Search, LLC, provided separate Reg. AB 1122(d) attestations for their tax payment activities as they relate to criteria 1122(d) (4) (xi) and  (xii).

 

 

 

 

 

EX‑33.2

 

 

 

Management’s Assertion on Compliance with Applicable

Regulation AB Servicing Criteria

 

 

1.            Rialto Capital Advisors, LLC (“Rialto”), the Special Servicer in the agreements listed on Exhibit 1 (the “Pooling and Servicing Agreements”), is responsible for assessing compliance with the servicing criteria applicable to it under paragraph (d) of Item 1122 of Regulation AB, for the period from January 1, 2014, up to and including December 31, 2014, or applicable shorter period there within, (the “Reporting Period”), as set forth in Appendix A hereto.  The transactions covered by this report include the transactions listed on Exhibit 1 that are commercial mortgage-asset backed securities transactions for which Rialto acted as Special Servicer on or after January 1, 2014, or for the Applicable Certification Period as listed on Exhibit 1 (the "Platform"), and were registered after January 1, 2006, with the Securities and Exchange Commission pursuant to the Securities Act of 1933.

 

2.            Rialto has engaged certain vendors (the “Vendors”) to perform specific, limited, or scripted activities, and Rialto elects to take responsibility for assessing compliance with the servicing criteria, or portion of the servicing criteria, applicable to such Vendors’ activities as set forth in Appendix A hereto. Rialto has determined  its Vendors are not “servicers” as defined in Item 1101 (j) of Regulation AB and asserts that it has policies and procedures in place to provide reasonable assurance that the Vendors’ activities comply, in all material respects, with the servicing criteria applicable to each vendor;

 

3.            Except as set forth in paragraph 4 below, Rialto used the criteria set forth in paragraph (d) of Item 1122 of Regulation AB to assess the compliance with the applicable servicing criteria;

 

4.            The criteria listed in the column titled “Inapplicable Servicing Criteria” on Appendix A hereto are inapplicable to Rialto based on the activities it performs, directly or through its Vendors, with respect to the Platform;

 

5.            Rialto has complied, in all material respects, with the applicable servicing criteria as of December 31, 2014, and for the Reporting Period with respect to the Platform taken as a whole.

 

6.            Rialto has not identified and is not aware of any material instance of noncompliance by the Vendors with the applicable servicing criteria as of December 31, 2014, and for the Reporting Period with respect to the Platform taken as a whole;

 

7.            Rialto has not identified any material deficiency in its policies and procedures to monitor the compliance by the Vendors with the applicable servicing criteria as of December 31, 2014, and for the Reporting Period with respect to the Platform taken as a whole; and

 

8.            NDB Accountants & Consultants, LLP, a registered public accounting firm, has issued an attestation report on Rialto’s assessment of compliance with the applicable servicing criteria for the Reporting Period.

 

Date:

March 5, 2015

Name:

Adam Singer

Title:

Managing Director

Signature:

/s/ Adam Singer

 

Exhibit 1

Pooling and Servicing Agreements

Applicable Certification Period

WFRBS 2012-C8

January 1, 2014, to December 31, 2014

FDIC 2012-C1

January 1, 2014, to December 31, 2014

WFCM 2012-LC5

January 1, 2014, to December 31, 2014

UBS-Barclays 2012-C3

January 1, 2014, to December 31, 2014

UBS-Barclays 2012-C4

January 1, 2014, to December 31, 2014

GSMS 2012-GCJ9

January 1, 2014, to December 31, 2014

JPMCC 2012-LC9

January 1, 2014, to December 31, 2014

COMM 2013-LC6

January 1, 2014, to December 31, 2014

WFRBS 2013-C12

January 1, 2014, to December 31, 2014

UBS-Barclays 2013-C6

January 1, 2014, to December 31, 2014

GSMS 2013-GCJ12

January 1, 2014, to December 31, 2014

WFRBS 2013-C14

January 1, 2014, to December 31, 2014

WFRBS 2011-C5

January 1, 2014, to December 31, 2014

WFCM 2013-LC12

January 1, 2014, to December 31, 2014

WFRBS 2011-C2

January 1, 2014, to December 31, 2014

WFRBS 2011-C3

January 1, 2014, to December 31, 2014

WFRBS 2011-C4

January 1, 2014, to December 31, 2014

UBS-Citigroup 2011-C1

January 1, 2014, to December 31, 2014

UBS 2012-C1

January 1, 2014, to December 31, 2014

WFRBS 2012-C6

January 1, 2014, to December 31, 2014

GSMS 2011-GC3

January 1, 2014, to December 31, 2014

COMM 2013-LC13

January 1, 2014, to December 31, 2014

WFRBS 2013-C16

January 1, 2014, to December 31, 2014

GSMS 2013-GCJ16

January 1, 2014, to December 31, 2014

WFRBS 2013-C17

January 1, 2014, to December 31, 2014

GSMS 2012-GC6

January 1, 2014, to December 31, 2014

MSBAM 2013-C13

January 1, 2014, to December 31, 2014

COMM 2014-CCRE14

January 22, 2014, to December 31, 2014

MSBAM 2014-C14

February 14, 2014, to December 31, 2014

WFRBS 2014-LC14

February 20, 2014, to December 31, 2014

COMM 2014-LC15

March 25, 2014, to December 31, 2014

WFRBS 2014-C20

May 13, 2014, to December 31, 2014

COMM 2014-CCRE18

June 27, 2014, to December 31, 2014

CGCMT 2014-GC23

August 7, 2014, to December 31, 2014

MSBAM 2014-C17

August 14, 2014, to December 31, 2014

COMM 2014-UBS5

September 23, 2014, to December 31, 2014

MSBAM 2014-C18

September 29, 2014, to December 31, 2014

COMM 2012-CCRE4

October 6, 2014, to December 31, 2014

COMM 2012-LC4

October 6, 2014, to December 31, 2014

WFRBS 2014-C24

November 18, 2014, to December 31, 2014

JPMBB 2014-C25

November 24, 2014, to December 31, 2014

LCCM 2014-909

June 23, 2014, to December 31, 2014

MLMI 1998-C3

June 19, 2014, to December 31, 2014

Carefree Portfolio Trust 2014-CARE MZ A

November 26, 2014 to December 31, 2014

WFCM 2014-LC18

December 30, 2014, to December 31, 2014

 


 

APPENDIX A

SERVICING CRITERIA

 

 

Reference

Criteria

Performed by Servicer

Inapplicable
Servicing Criteria

 

General Servicing Considerations

 

 

1122(d)(1)(i)

Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements.

X

 

1122(d)(1)(ii)

If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities.

 

X

 

1122(d)(1)(iii)

Any requirements in the transaction agreements to maintain a back-up servicer for the [pool assets] are maintained.

 

X

1122(d)(1)(iv)

A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements.

 

X

 

 

 

Cash Collection and Administration

 

 

1122(d)(2)(i)

Payments on [pool assets] are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements.

X1

 

 

1122(d)(2)(ii)

Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.

X

 

 

1122(d)(2)(iii)

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.

X

 

 

1122(d)(2)(iv)

The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements.

X

 

1122(d)(2)(v)

Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act.

X

 

1122(d)(2)(vi)

Unissued checks are safeguarded so as to prevent unauthorized access.

X

 

1122(d)(2)(vii)

Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements.

 

 

 

 

 

X

 

 

Investor Remittances and Reporting

 

 

1122(d)(3)(i)

Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of [pool assets] serviced by the Servicer.

X2

 

1122(d)(3)(ii)

Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements.

 

X

1122(d)(3)(iii)

Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements.

 

X

1122(d)(3)(iv)

Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements.

 

X

 

Pool Asset Administration

 

 

1122(d)(4)(i)

Collateral or security on [pool assets] is maintained as required by the transaction agreements or related mortgage loan documents.

X

 

1122(d)(4)(ii)

[pool asset] and related documents are safeguarded as required by the transaction agreements

X

 

1122(d)(4)(iii)

Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements.

X

 

1122(d)(4)(iv)

Payments on [pool assets], including any payoffs, made in accordance with the related [pool asset] documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related [pool asset] documents.

 

X3

1122(d)(4)(v)

The Servicer’s records regarding the [pool assets] agree with the Servicer’s records with respect to an obligor’s unpaid principal balance.

 

X

1122(d)(4)(vi)

Changes with respect to the terms or status of an obligor's [pool assets] (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents.

X

 

1122(d)(4)(vii)

Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements.

 

 

X

 

1122(d)(4)(viii)

Records documenting collection efforts are maintained during the period a [pool asset] is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent [pool assets] including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment).

 

 

 

 

X

 

1122(d)(4)(ix)

Adjustments to interest rates or rates of return for [pool assets] with variable rates are computed based on the related [pool asset] documents.

 

X

1122(d)(4)(x)

Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s [pool asset] documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable [pool asset] documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related [pool assets], or such other number of days specified in the transaction agreements.

 

X

1122(d)(4)(xi)

Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the Servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements.

 

X

1122(d)(4)(xii)

Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the Servicer’s funds and not charged to the obligor, unless the late payment was due to the obligor’s error or omission.

 

X

1122(d)(4)(xiii)

Disbursements made on behalf of an obligor are posted within two business days to the obligor’s records maintained by the Servicer, or such other number of days specified in the transaction agreements.

 

X

1122(d)(4)(xiv)

Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.

 

 

X4

 

1122(d)(4)(xv)

Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements.

 

X

 

1)

Rialto Capital Advisors, LLC performs the activities pertaining to these criteria, except for specific, limited activities performed by its third party property managers relating to REO Property, if any.  Rialto has elected to take responsibility for assessing compliance with these servicing criteria with respect to the activities of its third party property managers.

 

2)

Only items (A) and (B) of the Servicing Criteria are applicable to Rialto Capital Advisors, LLC as special servicer.  Items (C) and (D) are inapplicable as the responsibility for filing reports with the Commission and agreeing totals to the Servicer records rests with the Trustee and/or Certificate Administrator, as applicable.

 

 

3)

Primary responsibility for processing borrower payments rests with the Master Servicer, however, Rialto Capital Advisors, LLC may from time to time receive payments on an exception basis which are forwarded to the Master Servicer in accordance with such criterion.

 

4)

Rialto Capital Advisors, LLC provides the applicable Master Servicer relating to each deal with the final recovery determination and data utilized to complete IRS Form 1099C on loans with charge-offs, however, the ultimate responsibility for adjusting the loan record,  reporting to the IRS, and delivering 1099C Forms to the borrower rests with the Master Servicer.


Management's Assertion on Compliance

 

 

 

EX‑33.3

 

(logo) WELLS
          FARGO

Corporate Trust Services
MAC R1204-010
9062 Old Annapolis Road

Columbia, MD 21045

 

Tel:  410 884 2000

Fax: 410 715 2380

 

 

 

ASSESSMENT OF COMPLIANCE WITH THE APPLICABLE SERVICING CRITERIA

 

 

The management (“Management”) of the Corporate Trust Services division of Wells Fargo Bank, National Association (the “Company”) is responsible for assessing the Company’s compliance with the applicable servicing criteria set forth in Item 1122(d) of Regulation AB of the Securities and Exchange Commission.  Management has determined that the servicing criteria are applicable in regards to the servicing platform for the period as follows:

 

Period:  As of and for the twelve months ended December 31, 2014 (the “Period”).

 

Platform:  The platform consists of commercial mortgage-backed securities (“CMBS”) transactions backed by pools of commercial mortgage loans and/or backed by CMBS for which the Company provides trustee, securities administration and/or paying agent services and where some or all of the offered securities for such CMBS transactions were either (a) publicly-issued pursuant to a registration statement delivered under the Securities Act of 1933, or (b) privately-issued pursuant to an exemption from registration where the Company has an obligation under the transaction agreements to deliver an assessment of compliance with the applicable servicing criteria under Item 1122(d) of Regulation AB; provided however that, the platform excludes any transactions (i) where the offered securities were issued, sponsored or guaranteed by any agency or instrumentality of the U.S. government or any government sponsored entity, and (ii) where the offered securities were issued pursuant to a transaction that closed prior to January 1, 2006 and for which the Company outsources all material servicing activities (as defined by Regulation AB) (the “CMBS Platform”).  Appendix A identifies the individual transactions defined by Management as constituting the CMBS Platform for the Period.

 

Applicable Servicing Criteria:  All servicing criteria set forth in Item 1122(d), to the extent required in the related transaction agreements,  in regards to the activities performed by the Company, except for the following servicing criteria:  1122(d)(4)(ii), 1122(d)(4)(iv), 1122(d)(4)(v), 1122(d)(4)(vi), 1122(d)(4)(vii), 1122(d)(4)(viii), 1122(d)(4)(ix), 1122(d)(4)(x), 1122(d)(4)(xi), 1122(d)(4)(xii), 1122(d)(4)(xiii) and 1122(d)(4)(xiv), which Management has determined are not applicable to the activities the Company performed with respect to the CMBS Platform for the Period (the “Applicable Servicing Criteria”). 

 

Third parties classified as vendors:  With respect to servicing criterion 1122(d)(4)(i), the Company has engaged a vendor to handle certain Uniform Commercial Code filing functions required by the servicing criterion.  Management has determined that this vendor is not considered a “servicer” as defined in Item 1101(j) of Regulation AB, and Management elects to take responsibility for assessing compliance with the portion of the servicing criterion applicable to this vendor as permitted by the SEC’s Compliance and Disclosure Interpretation, Section 200.06, Vendors Engaged by Servicers (formerly SEC Manual Telephone Interpretation 17.06) (“C&DI, 200.06”).  The Company has policies and procedures in place designed to provide reasonable assurance that the vendor’s activities comply in all material respects with the servicing criterion applicable to the vendor.  Management is solely responsible for determining that the Company meets the SEC requirements to apply C&DI, 200.06 for the vendor and related criterion.

 

With respect to the CMBS Platform and the Period, Management provides the following assessment of the Company’s compliance with respect to the Applicable Servicing Criteria:

1.     Management is responsible for assessing the Company’s compliance with the Applicable Servicing Criteria.

2.     Management has assessed the Company’s compliance with the Applicable Servicing Criteria, including the servicing criterion for which compliance is determined based on C&DI, 200.06, as described above.  In performing this assessment, Management used the criteria set forth by the Securities and Exchange Commission in paragraph (d) of Item 1122 of Regulation AB. 

3.     With respect to applicable servicing criteria 1122(d)(2)(iii) and 1122(d)(4)(iii), Management has determined that there were no activities performed during the Period with respect to the CMBS Platform, because there were no occurrences of events that would require the Company to perform such activities.

 

4.     Based on such assessment for the Period, the Company has complied, in all material respects with the Applicable Servicing Criteria. 

KPMG LLP, an independent registered public accounting firm, has issued an attestation report with respect to Management’s assessment of the Company’s compliance with the Applicable Servicing Criteria for the Period.

 

WELLS FARGO BANK, National Association

 

By:             /s/ David J. Ward

                David J. Ward

 

Title:        Senior Vice President

 

Dated:     February 25, 2015

 

 

Wells Fargo Bank, N.A.

(logo) Together we’ll go far

 



 


CMBS Platform Transactions

BAC 2000-1

BAC 2000-2A

BAC 2001-1

BAC 2001-3

BAC 2002-PB2

BAC 2003-2

BAC 2004-1

BAC 2004-3

BAC 2004-5

BAC 2005-1

BAC 2005-4

BAC 2006-3

BAC 2006-4

BAC 2006-6

BAC 2007-2

BAC 2007-3

BAC 2007-4

BAC 2007-5

BACM 2008-1

BACM 2008-LS1

BALL 2005-MIB1

BANC OF AMER 2006-1

BEAR 2000-WF2

BEAR 2001-TOP2

BEAR 2001-TOP4

BEAR 2002-PBW1

BEAR 2002-TOP6

BEAR 2002-TOP8

BEAR 2003-PWR2

BEAR 2003-TOP10

BEAR 2003-TOP12

BEAR 2004-PWR3

BEAR 2004-PWR4

BEAR 2004-PWR5

BEAR 2004-PWR6

BEAR 2004-TOP14

BEAR 2004-TOP16

BEAR 2005-AFR1

BEAR 2005-PWR10

BEAR 2005-PWR7

BEAR 2005-PWR8

BEAR 2005-PWR9

BEAR 2005-TOP18

BEAR 2005-TOP20

BEAR 2006-PWR11

BEAR 2006-PWR12

BEAR 2006-PWR13

BEAR 2006-PWR14

BEAR 2006-TOP22

BEAR 2006-TOP24

BEAR 2007-PWR15

BEAR 2007-PWR16

BEAR 2007-PWR17

BEAR 2007-PWR18

BEAR 2007-TOP26

BEAR 2007-TOP28

BSC 1999-WF2

BSC 2000-WF1

CCMT 2004-C2

CCMT 2008-C7

CD 2006-CD2

COBALT 2006-C1

COBALT 2007-C2

COBALT 2007-C3

COM 1998-C02

COMM12-CCRE1

COMM12-CCRE2

COMM12-CCRE4

COMM12-CCRE5

COMM13-CCRE7

COMM13-LC6

COMM 2000-1

COMM 2003-LNB1

COMM 2004-LNB2

COMM 2004-LNB3

COMM 2004-LNB4

COMM 2005-C6

COMM 2005-LP5

COMM 2006-C7

COMM 2006 -C8

COMM 2007-C9

COMM2011-FL1

COMM 2012-FL2

COMM2013-CCRE10

COMM2013-CCRE12

COMM2014-CCRE15

COMM2014-CCRE16

COMM2014-CCRE18

COMM2014-CCRE19

COMM2014-CCRE20

COMM2014-CCRE21

COMM2014-LC15

COMM2014-LC17

COMM2014-UBS3

COMM2014-UBS5

COMM2014-UBS6

CSF 1997-C02

CSF 1999-C01

CSF 2000-C01

CSFB 2001-CF2

CSFB 2001-CK1

CSFB 2001-CK3

CSFB 2001-CK6

CSFB 2001-CKN5

CSFB 2001-CP4

CSFB 2002-CKN2

CSFB 2002-CKP1

CSFB 2002-CKS4

CSFB 2002-CP5

CSFB 2003-C3

CSFB-2003-C4

CSFB 2003-C5

CSFB 2003-CK2

CSFB 2003-CPN1

CSFB 2004-C1

CSFB 2004-C2

CSFB 2004-C3

CSFB 2004-C4

CSFB 2004-C5

CSFB 2005-C1

CSFB 2005-C2

CSFB 2005-C3

CSFB 2005-C4

CSFB 2005-C5

CSFB 2005-C6

CSFB 2006-C1

CSFB 2006-C2

CSFB 2006-C3

CSFB 2006-C4

CSFB 2006-C5

CSFB 2007-C1

CSFB 2007-C2

CSFB 2007-C3

CSFB 2007-C4

CSFB 2007-C5

CSFB 2008-C1

DBUBS 11-LC3

DLJ 1998-CF1

DLJ 1998-CF2

DLJ 1998-CG1

DLJ 1999-CG1

DLJ 1999-CG2

DLJ 1999-CG3

DLJ 2000-CF1

DLJ 2000-CKP1

FDIC 2012-C1

FIRST UNION 2000-C2

FIRST UNION 2001-C1

FIRST UNION 2001-C2

FIRST UNION 2001-C4

FLB 1998-C02

FUCM 2000-C1

FUN 1999-C01

FUN 1999-C02

FUN 1999-C04

GE 2002-1

GE 2005-C2

GE 2005-C4

GE CAP 2002-3

GE CAP 2003-C1

GE CAP 2004-C1

GE CAP 2004-C3

GECMC 2007-C1

GMAC 2001-C1

GMAC 2002-C1

GMAC 2002-C3 A

GMAC 2003-C2

GMAC 2004-C1

GMAC 2004-C3

GMAC 2006-C1

GMC 1999-C01

GMC 1999-C03

GMC 2000-C02

GS 2003-C1

GS 2005-GG4

GS 2006-GG6

GS 2006-GG8

GS 2007-GG10

GSMS2013-CJ14

GSMS 2013-GCJ12

GSMS2014-GC18

GSMS2014-GC20

GSMS2014-GC22

GSMS2014-GC24

GSMSC 12-GC6

GSMSC 12GCJ7

GSMSC 2013-GC10

JPM 2000-C9

JPM 2002-C3

JPM 2002-CIBC4

JPM 2002-CIBC5

JPM 2013-C12

JPM2013-C13

JPM2013-C14

JPM2013-C15

JPM2013-C16

JPM2014-C18

JPM2014-C19

JPM2014-C20

JPM2014-C21

JPM2014-C22

JPM2014-C23

JPM2014-C24

JPM2014-C26

JPMB2014-C25

JPMC 12-CIBX

JPMC 12-LC9

JPMC 12-PHH

JPMC 13-LC11

JPMC 2011-C5

JPMC 2012-C6

JPMC 2012-C8

JPMC 2013-C10

JPMC2013-C17

JPM CHAS 2004-CIBC10

JPM CHAS 2005-CIBC11

JPM CHAS 2005-CIBC13

JPM CHAS 2006-CIBC16

JPM CHAS 2007-CIBC18

JPM CHAS 2007-CIBC20

JPM CHASE 2003-C1

JPM CHASE 2003-PM1

JPM CHASE 2004-C1

JPM CHASE 2004-C2

JPM CHASE 2004-C3

JPM CHASE 2004-CIBC8

JPM CHASE 2004-LN2

JPM CHASE 2005-LDP3

JPM CHASE 2005-LDP4

JPM CHASE 2006-LDP6

JPM CHASE 2006-LDP9

JPM CHASE 2007-C1

JPM CHASE 2007-LDP10

JP MORGAN 2001-C1

JP MORGAN 2001-CIBC2

JP MORGAN 2001-CIBC3

JP MORGAN 2006-FL2

JP MORGAN 2007-FL1

LBC 1999-C01

LB-UBS 2004-C2

LB-UBS 2004-C4

MDC 2000-LF1

ML 2004-MKB1

ML 2005-MCP1

MLC 1998-C02

MLC 1998-CTA

MLC 1999-C01

ML-CFC 2006-3

ML-CFC 2007-5

ML-CFC 2007-9

MLMT 2005-LC1

MLMT 2007-C1

MORGAN 2006-TOP21

MS 2006-TOP23

MS 2007-TOP25

MS 2007-TOP27

MSBAM 12-C6

MSBAM 13-C8

MSBAM 13-C9

MSBAM14-C19

MSBAM 2013-C10

MSBAM2013-C11

MSBAM2013-C12

MSBAM2013-C13

MSBAM2014-C14

MSBAM2014-C15

MSC 2001-IQ

MSC  2001-PPM

MSC  2001-TOP1

MSC  2001-TOP3

MSC  2001-TOP5

MSC  2002-HQ

MSC  2002-TOP7

MSC 2003-HQ2

MSC  2003-IQ4

MSC  2003-IQ6

MSC  2003-TOP11

MSC  2003-TOP9

MSC  2004-HQ4

MSC  2004-IQ8

MSC  2004-TOP13

MSC  2004-TOP15

MSC  2005-HQ5

MSC  2005-HQ6

MSC  2005-IQ10

MSC  2005-TOP 17

MSC  2005-TOP 19

MSC 2006-HQ10

MSC 2006-IQ12

MSC 2007-HQ11

MSC 2007-HQ13

MSCC 11-C3

MSCC 12-C4

MSCI 2007-HQ12

MSCI 2007-IQ15

MSCI 2007-IQ16

MSCI 2008-TOP29

MSMC 1998-WF2

MSMC 1999-FN1

MSMC 1999-WF1

NFC 1999-1

PNC 2001-C1

PSSFC 2003-PWR1

RBSCF2013-GSP

SALOMON 00-C3

SALOMON 2001-C1

SALOMON 2001-C2

SALOMON 2002-KEY2

SASCO TIAA 2007-C4

SBMSVII 2000-C1

SBMSVII 2000-C2

WACHOVIA 2006-C23

WACHOVIA 2006-C25

WACHOVIA 2006-C26

WACHOVIA 2006-C27

WACHOVIA 2006-C28

WACHOVIA 2006-C29

WACHOVIA 2007-30

WACHOVIA 2007-C31

WACHOVIA 2007-C32

WACHOVIA 2007-C33

WACHOVIA 2007-C34

WACM 2002-C1

WACM 2002-C2

WACM 2003-C3

WACM 2003-C5

WACM 2003-C6

WACM 2003-C8

WACM 2004-C10

WACM 2004-C11

WACM 2004-C15

WACM 2005-C16

WACM 2005-C17

WACM 2005-C19

WACM 2005-C21

WACM 2005-C22

WFCM 12-LC5

WFCM2014-LC16

WFCM2014-LC18

WFCMT 2013-LC12

WFRBS 11-C5

WFRBS 12-C10

WFRBS 12-C6

WFRBS 12-C7

WFRBS 12-C8

WFRBS 12-C9

WFRBS 13-C11

WFRBS 13-C12

WFRBS 13-C13

WFRBS 13-C14

WFRBS2013-C15

WFRBS2013-C16

WFRBS2013-C17

WFRBS2013-C18

WFRBS2013-UBS1

WFRBS2014-C19

WFRBS2014-C20

WFRBS2014-C21

WFRBS2014-C22

WFRBS2014-C23

WFRBS2014-C24

WFRBS2014-C25

WFRBS2014-LC14


 

 

 

 

EX‑33.4

 

 

 

(logo) WELLS
           FARGO

Wells Fargo Bank, N.A.
Document Custody
1015 10th Avenue Southeast

Minneapolis, MN 55414

 

 

ASSESSMENT OF COMPLIANCE WITH THE APPLICABLE SERVICING CRITERIA

 

The management (“Management”) of the Corporate Trust Services division of Wells Fargo Bank, National Association (the “Company”) is responsible for assessing the Company’s compliance with the applicable servicing criteria set forth in Item 1122(d) of Regulation AB of the Securities and Exchange Commission.  Management has determined that the servicing criteria are applicable in regards to the servicing platform for the period as follows:

 

Period:  As of and for the twelve months ended December 31, 2014 (the “Period”).

 

Platform:  The  platform  consists of residential mortgage-backed securities (“RMBS”) transactions backed by pools of residential mortgage loans and commercial mortgage-backed securities (“CMBS”) transactions backed by pools of commercial mortgage loans, in each case for which the Company provides document custody services and where the RMBS and CMBS transactions were either (a) publicly-issued pursuant to a registration statement under the Securities Act of 1933 on or after January 1, 2006, or (b) privately-issued pursuant to an exemption from registration on or after January 1, 2006 where the Company has an obligation under the transaction agreements to deliver an assessment of compliance with the applicable servicing criteria under Item 1122(d) of Regulation AB; provided however that, the platform excludes any transactions where the offered securities were issued, sponsored and/or guaranteed by any agency or instrumentality of the U.S. government or any government sponsored entity, other than certain securitizations of residential mortgage loan transactions issued, sponsored and/or guaranteed by the Federal Deposit Insurance Company (the “Document Custody Platform”).  Appendix A identifies the individual transactions defined by Management as constituting the Document Custody Platform for the Period.

 

Applicable Servicing Criteria:  Management has determined that the servicing criteria set forth in Item 1122(d)(1)(ii), 1122(d)(1)(iv), 1122(d)(4)(i), 1122(d)(4)(ii) and 1122(d)(4)(iii) are applicable to the activities performed by the Company with respect to the Document Custody Platform for the Period; provided however that, with respect to the Document Custody Platform, servicing criterion 1122(d)(4)(iii) is applicable only as it relates to the Company’s obligation to review and maintain the required loan documents related to any additions, removals or substitutions in accordance with the transaction agreements (the “Applicable Servicing Criteria”).  Management has determined that all other servicing criteria set forth in Item 1122(d) are not applicable to the Document Custody Platform.

 

With respect to the Document Custody Platform and the Period, Management provides the following assessment of the Company’s compliance with respect to the Applicable Servicing Criteria:

 

1.  Management is responsible for assessing the Company’s compliance with the Applicable Servicing Criteria.

 

2.  Management has assessed the Company’s compliance with the Applicable Servicing Criteria.  In performing this assessment, Management used the criteria set forth by the Securities and Exchange Commission in paragraph (d) of Item 1122 of Regulation AB.

 

3.  With respect to applicable servicing criteria 1122(d)(1)(ii) and 1122(d)(4)(iii), Management has determined that there were no activities performed during the Period with respect to the Document Custody Platform, because there were no occurrences of events that would require the Company to perform such activities.

 

4.  Based on such assessment for the Period, the Company has complied, in all material respects with the Applicable Servicing Criteria.

 

KPMG LLP, an independent registered public accounting firm, has issued an attestation report with respect to Management’s assessment of the Company’s compliance with the Applicable Servicing Criteria for the Period.

 

WELLS FARGO BANK, National Association

 

By:           /s/ Shari L. Gillund

                Shari L. Gillund

 

Title:           Senior Vice President

 

Dated:        February 25, 2015

 


 

Appendix A to the Company’s Assessment of Compliance with the Applicable Servicing Criteria

 

 


Document Custody Platform Transactions

ABFC 2006-HE1

ABFC 2006-OPT1

ABFC 2006-OPT2

ABFC 2006-OPT3

ABFC 2007-WMC1

ABSC2006-HE3

ABSC2006-HE5

ACE 2006-ASAP1

ACE 2006-ASAP2

ACE 2006-ASAP3

ACE 2006-ASAP4

ACE 2006-ASAP5

ACE 2006-ASAP6

ACE 2006-ASL1

ACE 2006-CW1

ACE 2006-FM1

ACE 2006-FM2

ACE 2006-HE1

ACE 2006-HE2

ACE 2006-HE3

ACE 2006-HE4

ACE 2006-OP1

ACE 2006-OP2

ACE 2006-SD1

ACE 2006-SD2

ACE 2006-SD3

ACE 2006-SL1

ACE 2006-SL2

ACE 2006-SL3

ACE 2006-SL4

ACE 2007-ASAP1

ACE 2007 ASAP2

ACE 2007-ASL1

ACE 2007-D1

ACE 2007-HE1

ACE 2007-HE2

ACE 2007-HE3

ACE 2007-HE4

ACE 2007-HE5

ACE 2007-SL1

ACE 2007-SL2

ACE 2007-WM1

ACE 2007-WM2

ARMT 2006-2

ARMT 2006-3

BAC 2006-3

BAC 2006-4

BAC 2006-6

BAC 2007-2

BAC 2007-3

BAC 2007-4

BAC 2007-5

BACM 2008-1

BACM 2008-LS1

BAFC 2006-B

BAFC 2006-C

BAFC 2006-E

BANC OF AMER 2006-1

BARCBCAP2007AA1

BARCBCAP2007AA2

BARCBCAP2007AA3

BARCBCAP2007AA4

BARCBCAP2007AB1

BARCSABR2006FR4

BARCSABR2006WM4

BARCSABR2007BR2

BARCSABR2007BR3

BARCSABR2007-HE1

BCAP 2006-AA1

BCAP 2006-AA2

BCAP 2007-AA5

BEARBSMF2006SL1

BEARBSMF2006SL2

BEARBSMF2006SL3

BEARBSMF2006SL4

BEARBSMF2006SL5

BEARBSMF2006SL6

BEARBSMF2007SL1

BEARBSMF2007SL2

BEARBSSLT20071

BEARPRIME20062

BEARPRIME20071

BEARPRIME20072

BEARPRIME20073

BEARSACO200610

BEARSACO20062

BEARSACO20063

BEARSACO20064

BEARSACO20065

BEARSACO20066

BEARSACO20067

BEARSACO20069

BEARSACO20072

BOAALT 2006-2

BOAALT 2006-3

BOAALT 2006-4

BOAALT 2006-5

BOAALT 2006-6

BOAALT 2006-7

BOAALT 2006-8

BOAALT 2006-9

BOAALT 2007-1

BOAALT 2007-2

BOALT 2006-1

BOAMS 2006-1

BOAMS 2006-2

BOAMS 2006-3

BOAMS 2006-A

BOAMS 2006-B

BOAMS 2007-1

BOAMS 2007-2

BOAMS 2007-3

BOAMS 2007-4

BSAAT 2007-01

BSABS 2006-2

BSABS 2006-3

BSABS 2006-4

BSABS 2006-AC1

BSABS 2006-AC2

BSABS 2006-AC3

BSABS 2006-AC4

BSABS 2006-AC5

BSABS 2006-IM1

BSABS 2006-SD1

BSABS 2006-SD2

BSABS 2006-SD3

BSABS 2006-SD4

BSABS 2006-ST1

BSABS 2007-1

BSABS 2007-2

BSABS 2007-AC1

BSABS 2007-AC2

BSABS 2007-AC3

BSABS 2007-AC4

BSABS 2007-AC5

BSABS 2007-AC6

BSABS 2007-SD1

BSABS 2007-SD2

BSABS 2007-SD3

BSALTA 2006-1

BSALTA 2006-2

BSALTA 2006-3

BSALTA 2006-4

BSALTA 2006-5

BSALTA 2006-6

BSALTA 2006-7

BSALTA 2006-8

BSALTA 2007-1

BSALTA 2007-2

BSALTA 2007-3

BSART 2006-1

BSART 2006-2

BSART 2006-4

BSART 2007-1

BSART 2007-2

BSART 2007-4

BSART 2007-5

BSMF 2006-AC1

BSMF 2006-AR1

BSMF 2006-AR2

BSMF 2006-AR3

BSMF 2006-AR4

BSMF 2006-AR5

BSMF 2007-AR1

BSMF 2007-AR2

BSMF 2007-AR3

BSMF 2007-AR4

BSMF 2007-AR5

CARRINGTON 2006-FRE1

CARRINGTON 2006-FRE2

CARRINGTON 2006-OPT1

CARRINGTON 2006-RFC1

CARRINGTON 2007-FRE1

CARRINGTON 2007-RFC1

CCMT 2006-C5

CCMT 2007-C6

CCMT 2008-C7

CD 2006-CD2

CD 2007-CD4

CD 2007-CD5

CITICMLTI2006HE3

CITICMLTI2007AR4

CITICMLTI2007AR5

CITICMLTI2007AR8

CITICMLTI2007WFHE2

CITICMLTI2007WFHE3

CITICMLTI2007WFHE4

COBALT 2006-C1

COBALT 2007-C2

COBALT 2007-C3

COMM12-CCRE1

COMM12-CCRE2

COMM12-CCRE4

COMM12-CCRE5

COMM13-CCRE7

COMM13-LC6

COMM 2006-C7

COMM 2007-C9

COMM2011-FL1

COMM 2012-FL2

COMM2013-CCRE10

COMM2013-CCRE12

COMM2014-CCRE15

COMM2014-CCRE16

COMM2014-CCRE18

COMM2014-CCRE19

COMM2014-CCRE20

COMM2014-CCRE21

COMM2014-LC15

COMM2014-LC17

COMM2014-UBS3

COMM2014-UBS5

COMM2014-UBS6

CSAB 2006-1

CSAB 2006-2

CSAB 2006-3

CSAB 2006-4

CSAB 2007-1

CSFB 2006-C1

CSFB 2006-C2

CSFB 2006-C3

CSFB 2006-C4

CSFB 2006-C5

CSFB 2007-C1

CSFB 2007-C2

CSFB 2007-C3

CSFB 2007-C4

CSFB 2007-C5

CSFB 2008-C1

CSMC 2006-1

CSMC 2006-2

CSMC 2006-3

CSMC 2006-4

CSMC 2006-7

CSMC 2006-8

CSMC 2006-9

CSMC 2007-1

CSMC 2007-2

CSMC 2007-3

CSMC 2007-4

CSMC 2007-5

CSMC 2007-6

CSMC 2007-7

DBALT 2006-AB1

DBALT 2006-AB2

DBALT 2006-AB3

DBALT 2006-AB4

DBALT 2006-AF1

DBALT 2006-AR1

DBALT 2006-AR2

DBALT 2006-AR3

DBALT 2006-AR4

DBALT 2006-AR5

DBALT 2006-AR6

DBALT 2006-OA1

DBALT 2007-1

DBALT 2007-2

DBALT 2007-3

DBALT 2007-AB1

DBALT 2007-AR1

DBALT 2007-AR2

DBALT 2007-AR3

DBALT 2007-BAR1

DBALT 2007-OA1

DBALT 2007-OA2

DBALT 2007-OA3

DBALT 2007-OA4

DBALT 2007-OA5

DBALT 2007-RAMP1

DBUBS 11-LC3

DBWAACE2006GP1

DLJWABSCRFC2007HE1

EBLMT 2013-1

EBMLT 2013-2

FASC2006-FF16

FASC2006-FF8

FF 2006-FF1

FF 2006-FFH1

FFML 2006-FF11

FFML 2006-FF5

FFML 2006-FF7

FFML 2006-FF9

FIELDSTONE 2006-1

FIELDSTONE 2006-2

FIELDSTONE 2006-3

FIELDSTONE 2007-1

FREMONT 2006-A

FREMONT 2006-B P1

FREMONT 2006-B P2

FREMONT 2006-C

FREMONT 2006-D

FREMONT 2006-E

GCMISV2006-OPT1 

GCMISV2006-OPT2

GCMISV2006-OPT3

GCMISV2006-OPT4

GCMISV2006-OPT5

GCMISV2007-WMC1

GECMC 2007-C1

GMAC 2006-C1

GRNPT 2006-AR1

GRNPT 2006-AR2

GRNPT 2006-AR3

GS 2006-GG6

GS 2006-GG8

GS 2007-GG10

GSAA 2006-10

GSAA 2006-14

GSAA 2006-16

GSAA 2006-18

GSAA 2006-8

GSAA 2007-10

GSAA 2007-4

GSAA 2007-5

GSAA 2007-6

GSAA 2007-7

GSAA 2007-8

GSAA 2007-9

GSMC2006-12

GSMC20066

GSMC2006S3

GSMCGSR2007HEL1

GSMS2013-CJ14

GSMS 2013-GCJ12

GSMS2014-GC18

GSMS2014-GC20

GSMS2014-GC22

GSMS2014-GC24

GSMSC 12-GC6

GSMSC 12GCJ7

GSMSC 2013-GC10

GSR 2006-5F

GSR 2006-AR1

GSR 2006-AR2

GSR 2007-AR1

GSR 2007-AR2

HALO 2007-2

HALO 2007-AR2

HARBORVIEW 2007-2

HARBORVIEW 2007-4

HARBORVIEW 2007-7

HASCO 2006-HE1

HASCO 2006-OPT1

HASCO  2006-OPT2

HASCO 2006-OPT3

HASCO 2006-OPT4

HASCO 2006-WMC1

HASCO 2007-HE1

HASCO 2007-HE2

HASCO 2007-NC1

HASCO 2007-WF1

HEAT 2006-1

HEAT2006-3

HEAT 2006-4

HEAT2006-5

HEAT 2006-6

HEAT2006-7

HEAT2006-8

HEAT2007-1

HEAT2007-2

HEAT2007-3

HELT2007-FRE1

HEMT20061

HEMT20063

HEMT20064

HSBAHALO2006-2

HSBAHALO2007-1

HSBAHALO2007-AR1

HSBAHALO2007-WF1

HSBAHASCO2006HE2

HSBAHASCO2007-OPT

JPM 2013-C12

JPM2013-C13

JPM2013-C14

JPM2013-C15

JPM2013-C16

JPM2014-C18

JPM2014-C19

JPM2014-C20

JPM2014-C21

JPM2014-C22

JPM2014-C23

JPM2014-C24

JPM2014-C26

JPMB2014-C25

JPMC 12-CIBX

JPMC 12-LC9

JPMC 13-LC11

JPMC 2011-C5

JPMC 2012-C6

JPMC 2012-C8

JPMC 2013-C10

JPMC2013-C17

JPM CHAS 2006-CIBC16

JPM CHAS 2007-CIBC18

JPM CHAS 2007-CIBC20

JPM CHASE 2006-LDP6

JPM CHASE 2007-C1

JPM CHASE 2007-LDP10

JP MORGAN 2006-FL2

JPMORGAN 2006-LDP7

JP MORGAN 2007-FL1

LEHMLMT20062

LEHMLMT20064

LEHMLMT20068

LEHMLMT20072

LEHMLMT20076

LEHMLMT20077

LEHMLMT20078

LEHMLXS20061

LEHMLXS200610N

LEHMLXS200611

LEHMLXS200612N

LEHMLXS200613

LEHMLXS200615

LEHMLXS200617

LEHMLXS200618N

LEHMLXS200619

LEHMLXS200620

LEHMLXS20063

LEHMLXS20065

LEHMLXS20067

LEHMLXS20068

LEHMLXS20071

LEHMLXS200711

LEHMLXS200712N

LEHMLXS200714H

LEHMLXS200715N

LEHMLXS20072N

LEHMLXS20073

LEHMLXS20074N

LEHMLXS20076

LEHMLXS20078H

LEHMLXS20079

LEHMSARM200611

LEHMSARM200612

LEHMSARM200710

LEHMSARM20075

LEHMSARM20077

LEHMSARM20078

LEHMSASCO063H

LEHMSASCO2007BC2

LEHMSASCO2007BC4

LMT 2006-5

LMT 2006-7

LMT 2007-10

LMT 2007-4

LMT 2007-5

LMT 2007-9

LMT 2008-2

LUMINENT 06-3

LUMINENT 2006-2

LUMINENT 2006-4

LUMINENT 2006-5

LUMINENT 2006-6

LUMINENT 2006-7

LUMINENT 2007-1

LUMINENT 2007-2

MABS 2006-AB1

MABS 2006-FRE1

MABS 2006-HE1

MABS 2006-HE2

MABS 2006-HE3

MABS 2006-HE4

MABS 2006-HE5

MABS 2006-WMC1

MABS 2006-WMC2

MABS 2006-WMC3

MABS 2006-WMC4

MABS 2007-HE1

MABS 2007-HE2

MABS 2007-WMC1

MALT 2006-1

MALT 2006-2

MALT 2006-3

MALT 2007-1

MALT 2007-HF1

MANA 2007-A1

MANA 2007-A2

MANA 2007-A3

MANA 2007-AF1 (I)

MANA 2007-AF1 (II)

MANA 2007-F1

MANA 2007-OAR1

MANA 2007-OAR2

MANA 2007-OAR3

MANA 2007-OAR4

MANA 2007-OAR5

MARM 2006-2

MARM 2006-OA1

MARM 2006-OA2

MARM 2007-1

MARM 2007-2

MARM 2007-3

MARM 2007-HF1

MARM 2007-HF2

MASL 2006-1

MASTR 2006-1

MASTR 2006-2

MASTR 2006-3

MASTR 2007-1

MLCC 2006-1

MLCC 2006-2

MLCC 2006-3

MLCC 2007-1

MLCC 2007-2

MLCC 2007-3

MLMBS 2007-1

MLMBS 2007-2

MLMBS 2007-3

MLMI 2006-A1

MLMI 2006-A2

MLMI 2006-A3

MLMI 2006-A4

MLMI 2006-AF1

MLMI 2006-AF2 (I)

MLMI 2006-AF2 (II)

MLMI 2006-F1

MLMI2006FM1

MLMI 2006-HE1

MLMI2006HE2

MLMI2006HE3

MLMI 2006-OPT1

MLMI2006RM1

MLMI2006SL1

MLMI2006SL2

MLMI 2006-WMC1

MLMI2006WMC2

MLMI2007HE2

MORG2012C5

MORG2013C7

MRGN2006HE3

MRGN2006HE4

MRGN2006HE5

MRGN2006HE6

MRGN2006HE7

MRGN20071

MRGN2007HE2

MRGN2007HE3

MSAC 2006-HE1

MSAC 2006-HE2

MSAC 2006-HE8

MSAC 2006-WMC1

MSAC 2006-WMC2

MSAC 2007-HE5

MSAC 2007-HE6

MSAC 2007-HE7

MSBAM 12-C6

MSBAM 13-C8

MSBAM 13-C9

MSBAM14-C19

MSBAM 2013-C10

MSBAM2013-C11

MSBAM2013-C12

MSBAM2013-C13

MSBAM2014-C14

MSBAM2014-C15

MSBAM2014C17

MSC 2006-IQ12

MSC 2007-HQ11

MSC 2007-HQ13

MSCC 11-C3

MSCC 12-C4

MSCC HELOC 2007-1

MSCI 2007-IQ15

MSM 2006-11

MSM 2006-3AR

MSM 2006-5AR

MSM 2006-6AR

MSM 2006-7

MSM 2006-8AR

MSM 2007-12

MSM 2007-13

MSM 2007-14AR

MSSTI 2007-1

NAAC 2006-AF1

NAAC 2006-AF2

NAAC 2006-AP1

NAAC 2006-AR1

NAAC 2006-AR2

NAAC 2006-AR3

NAAC 2006-AR4

NAAC 2006-WF1

NAAC 2007-1

NAAC 2007-2

NAAC 2007-3

NCMT 2008-1

NEWCASTLE 2007-1

NHEL 2006-AF1

NHEL 2006-FM1

NHEL 2006-FM2

NHEL 2006-HE1

NHEL 2006-HE2

NHEL 2006-HE3

NHEL 2006-WF1

NHEL 2007-1

NHEL 2007-2

NHEL 2007-3

NRPMT2013-1

OPTION ONE 2006-1

OPTION ONE 2006-2

OPTION ONE 2006-3

OPTION ONE 2007-1

OPTION ONE 2007-2

OPTION ONE 2007-3

OPTION ONE 2007-4

OPTION ONE 2007-5

OPTION ONE 2007-6

OPTION ONE 2007-CP1

OPTION ONE 2007-FXD1

OPTION ONE 2007-FXD2

OPTION ONE 2007-HL1

OWNIT 2006-2

PC 2006-1

PHH 2008-CIM1

PHH 2008-CIM2

PHHAM 2007-1

PHHAM 2007-2

PHHAM 2007-3

PRIME 2006-1

PRIME 2006-CL1

RBSCF2013-GSP

RBSGC 2007-B

RENAISSANCE 2006-1

RENAISSANCE 2006-2

RENAISSANCE 2006-3

RENAISSANCE 2006-4

RENAISSANCE 2007-1

RENAISSANCE 2007-2

RENAISSANCE 2007-3

RFCO2006EFC1

RFCO2006EFC2

RFCO2006EMX1

RFCO2006EMX2

RFCO2006EMX3

RFCO2006EMX4

RFCO2006EMX5

RFCO2006EMX6

RFCO2006EMX7

RFCO2006EMX8

RFCO2006EMX9

RFCO2006HI1

RFCO2006HI2

RFCO2006HI3

RFCO2006HI4

RFCO2006HI5

RFCO2006HSA1

RFCO2006HSA2

RFCO2006HSA3

RFCO2006HSA4

RFCO2006HSA5

RFCO2006KS1

RFCO2006KS2

RFCO2006KS3

RFCO2006KS4

RFCO2006KS5

RFCO2006KS6

RFCO2006KS7

RFCO2006KS8

RFCO2006KS9

RFCO2006NC1

RFCO2006NC2

RFCO2006NC3

RFCO2006QA1

RFCO2006QA10

RFCO2006QA11

RFCO2006QA2

RFCO2006QA3

RFCO2006QA4

RFCO2006QA5

RFCO2006QA6

RFCO2006QA7

RFCO2006QA8

RFCO2006QA9

RFCO2006QH1

RFCO2006QO1

RFCO2006QO10

RFCO2006QO2

RFCO2006QO3

RFCO2006QO4

RFCO2006QO5

RFCO2006QO6

RFCO2006QO7

RFCO2006QO8

RFCO2006QO9

RFCO2006QS1

RFCO2006QS10

RFCO2006QS11

RFCO2006QS12

RFCO2006QS13

RFCO2006QS14

RFCO2006QS15

RFCO2006QS16

RFCO2006QS17

RFCO2006QS18

RFCO2006QS2

RFCO2006QS3

RFCO2006QS4

RFCO2006QS5

RFCO2006QS6

RFCO2006QS7

RFCO2006QS8

RFCO2006QS9

RFCO2006RS1

RFCO2006RS2

RFCO2006RS3

RFCO2006RS4

RFCO2006RS5

RFCO2006RS6

RFCO2006RZ1

RFCO2006RZ2

RFCO2006RZ3

RFCO2006RZ4

RFCO2006RZ5

RFCO2006S1

RFCO2006S10

RFCO2006S11

RFCO2006S12

RFCO2006S2

RFCO2006S3

RFCO2006S4

RFCO2006S5

RFCO2006S6

RFCO2006S7

RFCO2006S8

RFCO2006S9

RFCO2006SA1

RFCO2006SA2

RFCO2006SA3

RFCO2006SA4

RFCO2006SP1

RFCO2006SP2

RFCO2006SP3

RFCO2006SP4

RFCO2007EMX1

RFCO2007HI1

RFCO2007HSA1

RFCO2007HSA2

RFCO2007HSA3

RFCO2007KS1

RFCO2007KS2

RFCO2007KS3

RFCO2007KS4

RFCO2007QA1

RFCO2007QA2

RFCO2007QA3

RFCO2007QA4

RFCO2007QA5

RFCO2007QH1

RFCO2007QH2

RFCO2007QH3

RFCO2007QH4

RFCO2007QH5

RFCO2007QH6

RFCO2007QH7

RFCO2007QH8

RFCO2007QH9

RFCO2007QO1

RFCO2007QO2

RFCO2007QO3

RFCO2007QO4

RFCO2007QO5

RFCO2007QS1

RFCO2007QS10

RFCO2007QS11

RFCO2007QS2

RFCO2007QS3

RFCO2007QS4

RFCO2007QS5

RFCO2007QS6

RFCO2007QS7

RFCO2007QS8

RFCO2007QS9

RFCO2007RS1

RFCO2007RS2

RFCO2007RZ1

RFCO2007S1

RFCO2007S2

RFCO2007S3

RFCO2007S4

RFCO2007S5

RFCO2007S6

RFCO2007S7

RFCO2007S8

RFCO2007S9

RFCO2007SA1

RFCO2007SA2

RFCO2007SA3

RFCO2007SA4

RFCO2007SP1

RFCO2007SP2

RFCO2007SP3

SABR 2006-FR1

SABR 2006-FR2

SABR 2006-FR3

SABR 2006-HE1

SABR 2006-HE2

SABR 2006-NC1

SABR 2006-OP1

SABR 2006-WM1

SABR 2006-WM2

SABR2006-WM3

SACO 2007-1

SAIL 2006-1

SAIL 2006-2

SAIL 2006-3

SAIL 2006-4

SAMI II 2006-AR1

SAMI II 2006-AR2

SAMI II 2006-AR3

SAMI II 2006-AR4

SAMI II 2006-AR5

SAMI II 2006-AR8

SAMI II 2007-AR1

SAMI II 2007-AR2

SAMI II 2007-AR3

SAMI II 2007-AR4

SAMI II 2007-AR5

SAMI II 2007-AR6

SAMI II 2007-AR7

SARM 2006-1

SARM 2006-2

SARM 2006-3

SARM 2006-4

SARM 2006-5

SARM 2006-6

SARM 2006-7

SARM 2006-8

SARM 2007-11

SARM 2007-3

SARM 2007-4

SARM 2007-6

SARM 2007-9

SASCO 2006-BC1

SASCO 2006-BC2

SASCO 2006-BC3

SASCO 2006-BC5

SASCO 2006-BC6

SASCO 2006-OPT1

SASCO 2006-WF1

SASCO 2006-WF2

SASCO 2006-WF3

SASCO 2007-BC1

SASCO 2007-BC3

SASCO 2007-WF1

SASCO 2007-WF2

SASCO TIAA 2007-C4

SEMT 2011-1

SEMT 2011-2

SEMT 2012-1

SEMT 2012-2

SEMT 2012-3

SEMT 2012-4

SEMT 2012-5

SEMT 2012-6

SEMT 2013-1

SEMT 2013-2

SEMT 2013-3

SEMT 2013-4

SEMT 2013-5

SEMT 2013-6

SEMT 2013-7

SEQUOIA 10H1

SEQUOIA 2006-1

SEQUOIA 2007-1

SEQUOIA 2007-2

SEQUOIA 2007-3

SEQUOIA 2007-4

SGMS 2006-FRE1

SGMS 2006-FRE2

SGMS 2006-OPT2

SMTS2013-10

SMTS2013-11

SMTS2013-12

SMTS2013-8

SMTS2013-9

SMTS2014-1

SMTS2014-2

SMTS2014-3

SMTS2014-4

SQALT 2006-1

STARM 2007-2

STARM 2007-3

SV 2007-OPT1

SV 2007-OPT2

SV 2007-OPT3

SV 2007-OPT4

SV 2007-OPT5

WACHOVIA 2006-C23

WACHOVIA 2006-C25

WACHOVIA 2006-C26

WACHOVIA 2006-C27

WACHOVIA 2006-C28

WACHOVIA 2006-C29

WACHOVIA 2007-30

WACHOVIA 2007-C31

WACHOVIA 2007-C32

WACHOVIA 2007-C33

WACHOVIA 2007-C34

WFALT 2007-PA1

WFALT 2007-PA2

WFALT 2007-PA3

WFALT 2007-PA4

WFALT 2007-PA5

WFALT 2007-PA6

WFCM 12-LC5

WFCM2014-LC16

WFCM2014-LC18

WFCMT 2013-LC12

WFHET 2006-1

WFHET 2006-2

WFHET 2006-3

WFHET 2007-1

WFHET 2007-2

WFHM 2007-M04

WFMBS 06-AR1

WFMBS 06-AR2

WFMBS 06-AR3

WFMBS 06-AR4

WFMBS 06-AR5

WFMBS 06-AR6

WFMBS 06-AR7

WFMBS 06-AR8

WFMBS 2006-1

WFMBS 2006-10

WFMBS 2006-11

WFMBS 2006-12

WFMBS 2006-13

WFMBS 2006-14

WFMBS 2006-15

WFMBS 2006-16

WFMBS 2006-17

WFMBS 2006-18

WFMBS 2006-19

WFMBS 2006-2

WFMBS 2006-20

WFMBS 2006-3

WFMBS 2006-4

WFMBS 2006-5

WFMBS 2006-6

WFMBS 2006-7

WFMBS 2006-8

WFMBS 2006-9

WFMBS 2006-AR1

WFMBS 2006-AR11

WFMBS 2006-AR12

WFMBS 2006-AR13

WFMBS 2006-AR14

WFMBS 2006-AR15

WFMBS 2006-AR16

WFMBS 2006-AR17

WFMBS 2006-AR18

WFMBS 2006-AR19

WFMBS 2007-1

WFMBS 2007-10

WFMBS 2007-11

WFMBS 2007-12

WFMBS 2007-13

WFMBS 2007-14

WFMBS 2007-15

WFMBS 2007-16

WFMBS 2007-17

WFMBS 2007-2

WFMBS 2007-3

WFMBS 2007-4

WFMBS 2007-5

WFMBS 2007-6

WFMBS 2007-7

WFMBS 2007-8

WFMBS 2007-9

WFMBS 2007-AR10

WFMBS 2007-AR3

WFMBS 2007-AR4

WFMBS 2007-AR5

WFMBS 2007-AR6

WFMBS 2007-AR7

WFMBS 2007-AR8

WFMBS 2007-AR9

WFMBS 2008-1

WFMBS 2008-AR1

WFMBS 2008-AR2

WFRBS 11-C5

WFRBS 12-C10

WFRBS 12-C6

WFRBS 12-C7

WFRBS 12-C8

WFRBS 12-C9

WFRBS 13-C11

WFRBS 13-C12

WFRBS 13-C13

WFRBS 13-C14

WFRBS2013-C15

WFRBS2013-C16

WFRBS2013-C17

WFRBS2013-C18

WFRBS2013-UBS1

WFRBS2014-C19

WFRBS2014-C20

WFRBS2014-C21

WFRBS2014-C22

WFRBS2014-C23

WFRBS2014-C24

WFRBS2014-C25

WFRBS2014-LC14

WMCMWMC20061


 

 

 

EX‑33.5

 

 

 

 

(logo) TRIMONT

REAL ESTATE ADVISORS

 

 

Management’s Certification Regarding Compliance with Applicable Servicing Criteria

 

 

Trimont Real Estate Advisors, Inc. (the “Asserting Party”) is responsible for assessing compliance as of and for the year ended December 31, 2014 (the “Reporting Period”) with the applicable servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission’s Regulation AB as set forth in Exhibit A hereto (the “Applicable Servicing Criteria”). The transactions covered by this report are only those transactions processed by the Asserting Party in its capacity as trust, senior trust or operating advisor for the asset backed securities transactions listed in Exhibit B hereto (the “Platform”).

 

The Asserting Party has used the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission’s Regulation AB to assess its compliance with the Applicable Servicing Criteria for the Reporting Period and has concluded that the Asserting Party has complied, in all material respects, with the Applicable Servicing Criteria as of December 31, 2014 and for the Reporting Period with respect to the Platform.

 

Grant Thornton LLP, an independent registered public accounting firm, has issued an attestation report on the assessment of compliance with the Applicable Servicing Criteria as of December 31, 2014 and for the Reporting Period as set forth in this assertion.

 

 

Trimont Real Estate Advisors, Inc.

March 1, 2015

 

/s/ Ernest J. Davis

Ernest J. Davis

Managing Director


 

 

Exhibit A

Regulation AB Criteria

D

B

U

B

S

 

2

0

1

1

-

L

C

3

W

F

R

B

S

 

2

0

1

1

-

C

5

M

S

C

 

2

0

1

1

-

C

3

C

F

C

R

E

 

2

0

1

1

-

C

2

U

B

S

 

C

C

M

T

-

2

0

1

1

G

S

M

S

 

2

0

1

2

-

G

C

6

U

B

S

 

2

0

1

2

-

C

1

J

P

M

C

C

 

2

0

1

2

-

C

I

B

X

W

F

R

B

S

 

2

0

1

2

-

C

7

W

F

R

B

S

 

2

0

1

2

-

L

C

5

W

F

R

B

S

 

2

0

1

3

-

C

9

U

B

S

 

2

0

1

2

-

C

4

G

S

M

S

 

2

0

1

3

-

G

C

1

0

W

F

R

B

S

 

2

0

1

3

-

C

1

1

M

S

B

A

M

 

2

0

1

3

-

C

9

W

F

R

B

S

 

2

0

1

3

-

C

1

3

G

S

M

S

 

2

0

1

3

-

G

C

1

3

W

F

R

B

S

 

2

0

1

3

-

C

1

5

M

S

B

A

M

 

2

0

1

3

-

C

1

2

W

F

R

B

S

 

2

0

1

3

-

C

1

7

W

F

R

B

S

 

2

0

1

4

-

L

C

1

4

W

F

R

B

S

 

2

0

1

4

-

C

1

9

G

S

M

S

 

2

0

1

4

-

G

C

2

0

W

F

R

B

S

 

2

0

1

4

-

C

2

1

C

G

C

M

T

 

2

0

1

4

 

G

C

2

3

W

F

R

B

S

 

2

0

1

4

-

C

2

3

 

W

F

R

B

S

 

2

0

1

4

-

C

2

5

Section

Description

Criteria

Applicable Criteria

General Servicing Considerations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(d)(1)(i)

Policies and Procedures

Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreement.

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

  

N/A2

  

N/A2

   

N/A2 

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

(d)(1)(ii)

Policies and Procedures (vendors)

If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party's performance and compliance with such servicing activities.

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

  

N/A2

  

N/A2

   

N/A2 

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

(d)(1)(iii)

Back-up Servicer

Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained.

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

  

N/A2

  

N/A2

   

N/A2 

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

(d)(1)(iv)

Fidelity Bond

A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreement.

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

  

N/A2

  

N/A2

   

N/A2 

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

Cash Collection and Administration

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(d)(2)(i)

2 Days to deposit Payments into Custodial Accounts

Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days of receipt, or such other number of days specified in the transaction agreements.

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

  

N/A2

  

N/A2

   

N/A2 

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

(d)(2)(ii)

Wire Transfers

Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

  

N/A2

  

N/A2

   

N/A2 

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

(d)(2)(iii)

Advances

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.

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

  

N/A2

  

N/A2

   

N/A2 

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

(d)(2)(iv)

Commingling

The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of over collateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements.

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

  

N/A2

  

N/A2

   

N/A2 

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

(d)(2)(v)

Federally Insured Institution

Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, "federally insured depository institution" with respect to a foreign financial institution means a foreign financial institution that meets the requirements of §240.13k-1(b)(1) of this chapter.  I.3 Each custodial account shall be maintained at a federally insured depository institution in trust for the applicable investor.

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

  

N/A2

  

N/A2

   

N/A2 

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

(d)(2)(vi)

Unissued Checks

Unissued checks are safeguarded so as to prevent unauthorized access.

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

  

N/A2

  

N/A2

   

N/A2 

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

(d)(2)(vii)

Reconciliations

Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts.  These reconciliations:  (a) are mathematically accurate; (b) are prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (c) are reviewed and approved by someone other than the person who prepared the reconciliation; and (d) contain explanations for reconciling items.  These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements. 

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

  

N/A2

  

N/A2

   

N/A2 

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

Investor Remittance and Reporting

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(d)(3)(i)

Reports to the Investor

Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements.  Specifically, such reports:
(a) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (b) provide information calculated in accordance with the terms specified in the transaction agreements; (c) are filed with the Commission as required by its rules and regulations; and (d) agree with investors' or the trustee's records as to the total unpaid principal balance and number of pool assets serviced by the servicer.

 

X1 

  

X1

  

X1

  

X1

  

X1

 

X1

  

X1

  

X1

  

X1

 

X1

  

X1

  

X1

  

X1

  

X1

  

X1

  

X1

 

X1

  

X1

  

X1

  

X1

 

X1

 

X1

 

X1

 

X1

 

X1

 

X1

 

X1

(d)(3)(ii)

Investor Remittance

Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements.

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

  

N/A2

  

N/A2

   

N/A2 

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

(d)(3)(iii)

Investor's Records

Disbursements made to an investor are posted within two business days to the servicer's investor records, or such other number of days specified in the transaction agreements.

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

  

N/A2

  

N/A2

   

N/A2 

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

(d)(3)(iv)

Remittance and Bank Statements

Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements.

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

  

N/A2

  

N/A2

   

N/A2 

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

Pool Asset Administration

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(d)(4)(i)

Collateral/ Security on Pool Assets

Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents.

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

  

N/A2

  

N/A2

   

N/A2 

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

(d)(4)(ii)

Safeguard Pool Assets

Pool assets and related documents are safeguarded as required by the transaction agreements.

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

  

N/A2

  

N/A2

   

N/A2 

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

(d)(4)(iii)

Changes to the Pool Assets

Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements.

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

  

N/A2

  

N/A2

   

N/A2 

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

(d)(4)(iv)

Obligor's Payment Record

Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the applicable servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g. escrow) in accordance with the related pool asset documents.

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

  

N/A2

  

N/A2

   

N/A2 

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

(d)(4)(v)

Pool Asset Records Match UPB

The servicer’s records regarding the pool assets agree with the servicer's records with respect to an obligor's unpaid principal balance.

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

  

N/A2

  

N/A2

   

N/A2 

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

(d)(4)(vi)

Loan Modifications

Changes with respect to the terms or status of an obligor's pool asset (e.g. loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents.

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

  

N/A2

  

N/A2

   

N/A2 

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

(d)(4)(vii)

Loss Mitigation Actions

Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreement.

 

X1 

  

X1

  

X1

  

X1

  

X1

 

X1

  

X1

  

X1

  

X1

 

X1

  

X1

  

X1

  

X1

  

X1

  

X1

  

X1

 

X1

  

X1

  

X1

  

X1

 

X1

 

X1

 

X1

 

X1

 

X1

 

X1

 

X1

(d)(4)(viii)

Collection Efforts Documented

Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements.  Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment).

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

  

N/A2

  

N/A2

   

N/A2 

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

(d)(4)(ix)

ARMs

Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents.

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

  

N/A2

  

N/A2

   

N/A2 

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

(d)(4)(x)

Escrow Funds

Regarding any funds held in trust for an obligor such funds are (a) analyzed, in accordance with the obligor's pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (b) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (c)returned to the obligor within 30 calendar days of full repayment of the related pool asset, or such other number of days specified in the transaction agreements.

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

  

N/A2

  

N/A2

   

N/A2 

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

(d)(4)(xi)

Timely Payments

Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements.

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

  

N/A2

  

N/A2

   

N/A2 

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

(d)(4)(xii)

Late Payment Penalties

Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the Servicer's funds and not charged to the obligor, unless the late payment was due to the obligor's error or omission.

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

  

N/A2

  

N/A2

   

N/A2 

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

(d)(4)(xiii)

Obligor's Records

Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the servicer, or such other number of days specified in the transaction agreements.

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

  

N/A2

  

N/A2

   

N/A2 

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

(d)(4)(xiv)

Delinquencies, Charge-offs, and Other Uncollectible Accounts

Delinquencies, Charge-offs, and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

  

N/A2

  

N/A2

   

N/A2 

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

(d)(4)(xv)

Any External Enhancement

Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of this Regulation AB, is maintained as set forth in the transaction agreements.

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

  

N/A2

  

N/A2

   

N/A2 

  

N/A2

  

N/A2

  

N/A2

  

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

N/A2

 

Legend:

 

1 This criteria is applicable for the securitization; however, per the terms of the transaction documents no trust/operating advisor actions were required.

 

2 With respect to Applicable Servicing Criteria cells in Exhibit A that are denoted with an "N/A2", the criteria was not in scope for the transaction.

 

 

 

 


Exhibit B

Name

Transaction

Period of Service

DBUBS 2011-LC3

Commercial Mortgage Pass-Through Certificates, DBUBS 2011-LC3 pursuant to the Pooling and Servicing Agreement dated August 1, 2011

January 1, 2014 - December 31, 2014

WFRBS 2011-C5

Commercial Mortgage Pass-Through Certificates, WFRBS 2011-C5 pursuant to the Pooling and Servicing Agreement dated November 1, 2011

January 1, 2014 - December 31, 2014

MSC 2011-C3

Commercial Mortgage Pass-Through Certificates, MSC 2011-C3 pursuant to the Pooling and Servicing Agreement dated October 1, 2011

January 1, 2014 - December 31, 2014

CFCRE 2011-C2

Commercial Mortgage Pass-Through Certificates, CFCRE 2011-C2 pursuant to the Pooling and Servicing Agreement dated December 11, 2011

January 1, 2014 - December 31, 2014

UBS CCMT-2011

Commercial Mortgage Pass-Through Certificates, UBS CCMT-2011 pursuant to the Pooling and Servicing Agreement dated December 1, 2011

January 1, 2014 - December 31, 2014

GSMS 2012-GC6

Commercial Mortgage Pass-Through Certificates, Series 2012-GC6 pursuant to the Pooling and Servicing Agreement dated February 1, 2012

January 1, 2014 - December 31, 2014

UBS 2012-C1

Commercial Mortgage Pass-Through Certificates, Series 2012-C1 pursuant to the Pooling and Servicing Agreement dated May 1, 2012

January 1, 2014 - December 31, 2014

JPMCC 2012 - CIBX

Commercial Mortgage Pass-Through Certificates, Series 2012-CIBX pursuant to the Pooling and Servicing Agreement dated June 1, 2012

January 1, 2014 - December 31, 2014

WFRBS 2012-C7

Commercial Mortgage Pass-Through Certificates, Series 2012-C7 pursuant to the Pooling and Servicing Agreement dated June 1, 2012

January 1, 2014 - December 31, 2014

WFCM 2012-LC5

Commercial Mortgage Pass-Through Certificates, Series 2012-LC5 pursuant to the Pooling and Servicing Agreement dated September 1, 2012

January 1, 2014 - December 31, 2014

WFRBS 2012-C9

Commercial Mortgage Pass-Through Certificates, Series 2012-C9 pursuant to the Pooling and Servicing Agreement dated October 1, 2012

January 1, 2014 - December 31, 2014

UBS 2012-C4

Commercial Mortgage Pass-Through Certificates, Series 2012-C4 pursuant to the Pooling and Servicing Agreement dated December 1, 2012

January 1, 2014 - December 31, 2014

GSMS 2013-GC10

Commercial Mortgage Pass-Through Certificates, Series 2013-GC10 pursuant to the Pooling and Servicing Agreement dated February 1, 2013

January 1, 2014 - December 31, 2014

WFRBS 2013-C11

Commercial Mortgage Pass-Through Certificates, Series 2013-C11 pursuant to the Pooling and Servicing Agreement dated February 1, 2013

January 1, 2014 - December 31, 2014

MSBAM 2013-C9

Commercial Mortgage Pass-Through Certificates, Series 2013-C9 pursuant to the Pooling and Servicing Agreement dated May 1, 2013

January 1, 2014 - December 31, 2014

WFRBS 2013-C13

Commercial Mortgage Pass-Through Certificates, Series 2013-C13 pursuant to the Pooling and Servicing Agreement dated May 1, 2013

January 1, 2014 - December 31, 2014

GSMS 2013-GC13

Commercial Mortgage Pass-Through Certificates, Series 2013-GC13 pursuant to the Pooling and Servicing Agreement dated July 1, 2013

January 1, 2014 - December 31, 2014

WFRBS 2013-C15

Commercial Mortgage Pass-Through Certificates, Series 2013-C15 pursuant to the Pooling and Servicing Agreement dated August 1, 2013

January 1, 2014 - December 31, 2014

MSBAM 2013-C12

Commercial Mortgage Pass-Through Certificates, Series 2013-C12 pursuant to the Pooling and Servicing Agreement dated October 1, 2013

January 1, 2014 - December 31, 2014

WFRBS 2013-C17

Commercial Mortgage Pass-Through Certificates, Series 2013-C17 pursuant to the Pooling and Servicing Agreement dated August 1, 2013

January 1, 2014 - December 31, 2014

WFRBS 2014-LC14

Commercial Mortgage Pass-Through Certificates, Series 2014-LC14 pursuant to the Pooling and Servicing Agreement dated February 1, 2014

February 1, 2014 - December 31, 2014

WFRBS 2014-C19

Commercial Mortgage Pass-Through Certificates, Series 2014-C19 pursuant to the Pooling and Servicing Agreement dated March 1, 2014

March 1, 2014 - December 31, 2014

GSMS 2014-GC20

Commercial Mortgage Pass-Through Certificates, Series 2014-GC20 pursuant to the Pooling and Servicing Agreement dated April 1, 2014

April 1, 2014 - December 31, 2014

WFRBS 2014-C21

Commercial Mortgage Pass-Through Certificates, Series 2014-C21 pursuant to the Pooling and Servicing Agreement dated August 1, 2014

August 1, 2014 - December 31, 2014

CGCMT 2014-GC23

Commercial Mortgage Pass-Through Certificates, Series 2014-GC23 pursuant to the Pooling and Servicing Agreement dated August 1, 2014

August 1, 2014 - December 31, 2014

WFRBS 2014-C23

Commercial Mortgage Pass-Through Certificates, Series 2014-C23 pursuant to the Pooling and Servicing Agreement dated September 1, 2014

September 1, 2014 - December 31, 2014

WFRBS 2014-C25

Commercial Mortgage Pass-Through Certificates, Series 2014-C25 pursuant to the Pooling and Servicing Agreement dated December 1, 2014

December 1, 2014 - December 31, 2014

 

 

 

EX‑33.6

 

 

 

 

(logo) CoreLogic

1 CoreLogic Dr.

Westlake, TX 76262

 

 

 

REPORT ON ASSESSMENT OF COMPLIANCE

 

CoreLogic Commercial Real Estate Services, Inc. (the “Asserting Party”), an indirect subsidiary of CoreLogic, Inc, is responsible for assessing compliance as of December 31, 2014, and for the period from January 1, 2014 through December 31, 2014 (the “Reporting Period”) with the applicable servicing criteria set forth in Title 17, Sections 229 as identified in Appendix A (the “Applicable Servicing Criteria”). The servicing activities covered by this report include all loans for commercial mortgage loan outsourcing customers for which the Asserting Party served as the commercial tax service provider (the “'Platform”).

 

The Asserting Party has assessed its compliance with the Applicable Servicing Criteria for the Reporting Period and has concluded that the Asserting Party has complied, in all material respects, with the Applicable Servicing Criteria as of December 31, 2014, and for the Reporting Period with respect to the Platform taken as a whole.

 

PricewaterhouseCoopers LLP, an independent registered public accounting firm, has issued an attestation report on the assessment of compliance with the Applicable Servicing Criteria as of December 31, 2014, and for the Reporting Period.

 

 

CORELOGIC COMMERCIAL REAL ESTATE SERVICES, INC.

 

 

/s/ Vicki Chenault

Vicki Chenault,

Senior Vice President

February 11, 2015

 


 

APPENDIX A

 

SERVICING CRITERIA for TITLE 17, SECTION 229

REFERENCE

CRITERIA

Applicable

Servicing

Criteria

Inapplicable

Servicing

Criteria

 

GENERAL SERVICING CONSIDERATIONS

 

 

1122(d)(1)(i)

Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements.

 

X

1122(d)(1)(ii)

If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party's performance and compliance with such servicing activities.

 

X

1122(d)(1)(iii)

Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained.

 

X

1122(d)(1)(iv)

A fidelity bond and errors and omissions policy is in effect on the party participating in

the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements.

X

 

 

CASH COLLECTION AND ADMINISTRATION

 

 

1122(d)(2)(i)

Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements.

 

X

1122(d)(2)(ii)

Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.

X(i)

 

1122(d)(2)(iii)

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.

 

X

1122(d)(2)(iv)

The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of over collateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements.

 

X

1122(d)(2)(v)

Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13-k-1(b)(1) of the Securities Exchange Act.

X

 

1122(d)(2)(vi)

Unissued checks are safeguarded so as to prevent unauthorized access.

X

 

1122(d)(2)(vii)

Reconciliations are prepared on a monthly basis for all assetbacked securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements.

X

 

 

INVESTOR REMITTANCES AND REPORTING

 

 

1122(d)(3)(i)

Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors' or the trustee's records as to the total unpaid principal balance and number of mortgage loans serviced by the Servicer.

 

X

1122(d)(3)(ii)

Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements.

 

X

1122(d)(3)(iii)

Disbursements made to an investor are posted within two business days to the Servicer's investor records, or such other number of days specified in the transaction agreements.

 

X

1122(d)(3)(iv)

Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements.

 

X

 

POOL ASSET ADMINISTRATION

 

 

1122(d)(4)(i)

Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents.

 

X

1122(d)(4)(ii)

Mortgage loan and related documents are safeguarded as required by the transaction agreements.

 

X

1122(d)(4)(iii)

Any additions, removals or substitutions to the asset pool are made, reviewed and approved in the accordance with any conditions or requirements in the transaction agreements.

 

X

1122(d)(4)(iv)

Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage loan documents.

 

X

1122(d)(4)(v)

The Servicer's records regarding the mortgage loans agree with the Servicer's records with respect to an obligor's unpaid principal balance.

 

X

1122(d)(4)(vi)

Changes with respect to the terms or status of an obligor's mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents.

 

X

1122(d)(4)(vii)

Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements.

 

X

1122(d)(4)(viii)

Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment).

 

X

1122(d)(4)(ix)

Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents.

 

 

1122(d)(4)(x)

Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction agreements.

 

X

1122(d)(4)(xi)

Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements.

X

 

1122(d)(4)(xii)

Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer's funds and not charged to the obligor, unless the late payment was due to the obligor's error or omission.

X

 

1122(d)(4)(xiii)

Disbursements made on behalf of an obligor are posted within two business days to the obligor's records maintained by the servicer, or such other number of days specified in the transaction agreement.

X(ii)

 

1122(d)(4)(xiv)

Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.

 

X

1122(d)(4)(xv)

Any external enhancement or other support, identified In Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements.

 

X

 

(i) - All wires issued by CoreLogic from client custodial accounts are made by authorized CoreLogic personnel.

 

(ii) - In certain instances Corelogic has the responsibility for posting disbursements related to tax payments made on behalf of an obligor to the obligor's records maintained by the servicer within two business days, or such other number of days specified by the contract with the servicer. In other instances, Corelogic is not responsible for posting disbursements related to tax payments made on behalf of an obligor to the obligor's records maintained by the servicer. In such instances, Corelogic provides information regarding disbursements related to tax payments made on behalf of an obligor to the servicers within two business days, or such other number of days specified by the contract with the servicer.

 


 

 

 

EX‑33.7

 

 

 

 

(logo) NTS NATIONAL

TAX SEARCH, LLC

303 E Wacker Drive, Suite 900

Chicago, IL 60601

(312) 233-6440

 

 

 

 

REPORT ON ASSESSMENT OF COMPLIANCE WITH APPLICABLE SECURITIES AND

EXCHANGE COMMISSION'S REGULATION AB SERVICING CRITERIA

 

 

For the calendar year ending December 31, 2014, National Tax Search, LLC has been a Tax Service

Vendor for Wells Fargo Bank (the "Servicer").

 

National Tax Search, LLC ("NTS") is responsible for assessing compliance as of December 31, 2014 and for the period from January 1, 2014 through December 31, 2014 (the "Reporting Period") with the servicing criteria set forth in Title 17, Section 229.1122(d) of the Code of Federal Regulations (the "CFR"). NTS has used the servicing criteria communicated to NTS by the Servicer to assess compliance with the applicable servicing criteria. Only servicing criteria 1122 (d)(1)(ii), 1122 (d)l(iv), 1122 (d)2(ii), 1122 (d)2(v), 1122(d)2(vi), 1122 (d)2(vii), 1122(d)(4)(xi), and 1122(d)(4)(xii) (the "Applicable Servicing Criteria") are applicable to the activities NTS performs with respect to the transactions covered by this report. NTS has determined that the remaining servicing criteria set forth in Item 1122 (d) of the SEC Regulation AB are not applicable to the activities it performs with respect to the transactions covered by this report. The transactions covered by this report include all tax payments made on behalf of the Servicer using NTS's TaxQ system (the "Platform Transactions").

 

NTS, as a vendor, has assessed its compliance with the Applicable Servicing Criteria for the Reporting Period and has concluded that the NTS has complied, in all material respects, with the Applicable Servicing Criteria as of December 31, 2014 and for the Reporting Period with respect to the Platform Transactions taken as a whole.

 

Plante & Moran, PLLC, an independent registered public accounting firm, has issued an attestation report on the assessment of compliance with the Applicable Servicing Criteria as of December 31, 2014 and for the Reporting Period as set forth in this assertion.

 

National Tax Search, LLC, as Vendor to Servicer

 

/s/ Lori Eshoo

Lori D. Eshoo, President/CEO

January 12, 2015

 

EX‑33.12

 

 

 

(logo) PENTALPHA SURVEILLANCE

 

 

March 4, 2015

 

 

Management’s Report on Assessment of 2014 Compliance by Pentalpha

Surveillance, LLC With Applicable Regulation AB Servicing Criteria

 

 

Pentalpha Surveillance, LLC (the Asserting Party) is responsible for assessing its compliance, as of and for the year ended December 31, 2014, with the servicing criteria set forth in Title 17, Section 229.1122(d) of the Code of Federal Regulations.

 

The assessment concerns the Asserting Party’s servicing efforts for its servicing “Platform,” which consists of its servicing activities encompassed by contractual obligations to perform Regulation AB reporting (see the Exhibit for a list of the Asserting Party’s Platform of required reporting by the servicing agreements).

 

The Asserting Party has assessed its compliance with the applicable servicing criteria as of and for the year ended December 31, 2014. The Asserting Party used the criteria in Paragraph (d) of Section 1122 of Regulation AB (17 C.F.R. 229.1122) to assess its compliance.

 

Based on such assessment, the Asserting Party believes that as of and for the year ended December 31, 2014, the Asserting Party has complied in all material respects with the servicing criteria set forth in Item 1122(d) of Regulation AB relating to its operational advisor role in the servicing of the Platform, except for servicing criteria 1122(d)(1)(i-iv), 1122(d)(2)(i-vii), 1122(d)(3)(i)(C-D) 1122(d)(3)(ii-iv), 1122(d)(4)(i-vi) and 1122(d)(4)(viii-xv), which the Asserting Party has determined as being inapplicable to the activities it performs with respect to the Platform being serviced (the “applicable servicing criteria”).

 

McGladrey LLP, an independent registered public accounting firm, has issued an attestation report on the assessment of compliance with the applicable servicing criteria for the reporting period as set forth in this assertion.

 

 


 

 

Appendix A

 

 

Regulation AB Reference

Servicing Criterion

 

 

1122(d)(1)(i)

Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements.

 

 

Applicability/Compliance:

Not applicable.

 

 

 

 

1122(d)(1)(ii)

If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities.

 

 

Applicability/Compliance:

Not applicable.

 

 

 

 

1122(d)(1)(iii)

Any requirements in the transaction agreements to maintain a backup servicer for the pool assets are maintained.

 

 

Applicability/Compliance:

Not applicable.

 

 

 

 

1122(d)(1)(iv)

A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements.

 

 

Applicability/Compliance:

Not applicable.

 

 

 

 

1122(d)(2)(i)

Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days of receipt, or such other number of days specified in the transaction agreements.

 

 

Applicability/Compliance:

Not applicable.

 

 

 

 

1122(d)(2)(ii)

Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.

 

 

Applicability/Compliance:

Not applicable.

 

 

 

 

1122(d)(2)(iii)

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.

 

 

Applicability/Compliance:

Not applicable.

 

 

1122(d)(2)(iv)

The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements.

 

 

Applicability/Compliance:

Not applicable.

 

 

 

 

1122(d)(2)(v)

Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of §240.13k-1(b)(1) of this chapter.

 

 

Applicability/Compliance:

Not applicable.

 

 

 

 

1122(d)(2)(vi)

Unissued checks are safeguarded so as to prevent unauthorized access.

 

 

Applicability/Compliance:

Not applicable.

 

 

 

 

1122(d)(2)(vii)

Reconciliations are prepared on a monthly basis for all asset-backed securities-related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations: (A) are mathematically accurate; (B) are prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) are reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements.

 

 

Applicability/Compliance:

Not applicable.

 

 

 

 

1122(d)(3)(i)(A)

Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports are prepared in accordance with time frames and other terms set forth in the transaction agreements.

 

 

Applicability/Compliance:

Applicable.

 

 

 

 

 

 

 

 

 

 

1122(d)(3)(i)(B)

Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports provide information calculated in accordance with the terms specified in the transaction agreements.

 

 

Applicability/Compliance:

Applicable.

 

 

 

 

1122(d)(3)(i)(C)

Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports are filed with the Commission as required by its rules and regulations.

 

 

Applicability/Compliance:

Not Applicable.

 

 

 

 

1122(d)(3)(i)(D)

Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the servicer.

 

 

Applicability/Compliance:

Not Applicable.

 

 

 

 

1122(d)(3)(ii)

Amounts due to investors are allocated and remitted in accordance with time frames, distribution priority and other terms set forth in the transaction agreements.

 

 

Applicability/Compliance:

Not applicable.

 

 

 

 

1122(d)(3)(iii)

Disbursements made to an investor are posted within two business days to the servicer’s investor records, or such other number of days specified in the transaction agreements.

 

 

Applicability/Compliance:

Not applicable.

 

 

 

 

1122(d)(3)(iv)

Amounts remitted to investors per the investor reports agree with canceled checks, or other form of payment, or custodial bank statements.

 

 

Applicability/Compliance:

Not applicable.

 

 

 

 

1122(d)(4)(i)

Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents.

 

 

Applicability/Compliance:

Not applicable.

 

 

 

 

1122(d)(4)(ii)

Pool assets and related documents are safeguarded as required by the transaction agreements.

 

 

Applicability/Compliance:

Not applicable.

 

 

 

 

1122(d)(4)(iii)

Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements.

 

 

Applicability/Compliance:

Not applicable.

 

 

 

 

1122(d)(4)(iv)

Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the applicable servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e g., escrow) in accordance with the related pool asset documents.

 

 

Applicability/Compliance:

Not applicable.

 

 

 

 

1122(d)(4)(v)

The servicer’s records regarding the pool assets agree with the servicer’s records with respect to an obligor’s unpaid principal balance.

 

 

Applicability/Compliance:

Not applicable.

 

 

 

 

1122(d)(4)(vi)

Changes with respect to the terms or status of an obligor’s pool asset (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents.

 

 

Applicability/Compliance:

Not applicable.

 

 

1122(d)(4)(vii)

Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the time frames or other requirements established by the transaction agreements.

 

 

Applicability/Compliance:

Applicable.

 

 

 

 

1122(d)(4)(viii)

Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment).

 

 

Applicability/Compliance:

Not applicable.

 

 

 

 

1122(d)(4)(ix)

Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents.

 

 

Applicability/Compliance:

Not applicable.

 

 

 

 

1122(d)(4)(x)

Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds were returned to the obligor within 30 calendar days of full repayment of the related pool asset, or such other number of days specified in the transaction agreements.

 

 

Applicability/Compliance:

Not applicable.

 

 

 

 

1122(d)(4)(xi)

Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements.

 

 

Applicability/Compliance:

Not applicable.

 

 

 

 

1122(d)(4)(xii)

Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer’s funds and not charged to the obligor, unless the late payment was due to the obligor’s error or omission.

 

 

Applicability/Compliance:

Not applicable.

 

 

1122(d)(4)(xiii)

Disbursements made on behalf of an obligor are posted within two business days to the obligor’s records maintained by the servicer, or such other number of days specified in the transaction agreements.

 

 

Applicability/Compliance:

Not applicable.

 

 

 

 

1122(d)(4)(xiv)

Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.

 

 

Applicability/Compliance:

Not applicable.

 

 

 

 

1122(d)(4)(xv)

Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements.

 

 

Applicability/Compliance:

Not applicable.

 

 

 

 

March 4, 2015

 

/s/ James Callahan

James Callahan, Executive Director

 

 

/s/ Don Simon

Don Simon, Chief Operating Officer

 

 



 

Appendix B

 

 

Issuer

 

Platform and Public Name of Securitization

 

 

Master Servicer

 

 

 

UBS Commercial Mortgage Securitization Corp.

UBS-Barclays Commercial Mortgage Trust 2012-C2, Commercial Mortgage Pass-Through Certificates, Series 2012-C2

Wells Fargo Bank, National Association

 

 

 

Wells Fargo Commercial Mortgage Securities, Inc.

Commercial Mortgage Pass-Through Certificates, Series 2012-C8

Wells Fargo Bank, National Association

 

 

 

J.P. Morgan Chase Commercial Mortgage Securities Corp.

J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-C8 Commercial Mortgage Pass-Through Certificates, Series 2012-C-8

Keycorp Real Estate Capital Markets, Inc.

 

 

 

GS Mortgage Securities Corporation II

Commercial Mortgage Pass-Through Certificates, Series 2012-GCJ9

Wells Fargo Bank, National Association

 

 

 

Wells Fargo Commercial Mortgage Securities, Inc.

Commercial Mortgage Pass-Through Certificates, Series 2012-C10

Wells Fargo Bank, National Association

 

 

 

J.P. Morgan Chase Commercial Mortgage Securities Corp.

J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-LC9 Commercial Mortgage Pass-Through Certificates, Series 2012-LC9

Midland Loan Services, a division of PNC Bank, National Association

 

 


 

 

 

 

 

 

Issuer

Platform and Public Name of Securitization

 

Master Servicer

 

 

 

Wells Fargo Commercial Mortgage Securities, Inc.

Commercial Mortgage Pass-Through Certificates, Series 2013-C12

Wells Fargo Bank, National Association

 

 

 

Citigroup Commercial Mortgage Securities, Inc.

Commercial Mortgage Pass-Through Certificates, Series 2013-GCJ11

Wells Fargo Bank, National Association

 

 

 

Wells Fargo Commercial Mortgage Securities, Inc.

Commercial Mortgage Pass-Through Certificates, Series 2013-C14

Wells Fargo Bank, National Association

 

 

 

J.P. Morgan Chase Commercial Mortgage Securities, Corp.

J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-LC11 Commercial Mortgage Pass-Through Certificates, Series 2013-LC11

Midland Loan Services, a division of PNC Bank, National Association

 

 

 

J.P. Morgan Chase Commercial Mortgage Securities, Corp.

JPMBB Commercial Mortgage Securities Trust 2013-C12 Commercial Mortgage Pass-Through Certificates, Series 2013-C12

Midland Loan Services, a division of PNC Bank, National Association

 

 

 

J.P. Morgan Chase Commercial Mortgage Securities, Corp.

J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C13 Commercial Mortgage Pass-Through Certificates, Series 2013-C13

Midland Loan Services, a division of PNC Bank, National Association

 

 

 

J.P. Morgan Chase Commercial Mortgage Securities, Corp.

JPMBB Commercial Mortgage Securities Trust 2013-C14 Commercial Mortgage Pass-Through Certificates, Series 2013-C14

Midland Loan Services, a division of PNC Bank, National Association

 

 

 

GS Mortgage Securities Corporation II

Commercial Mortgage Pass-Through Certificates, Series 2013-GCJ14

Wells Fargo Bank, National Association

 

 

 

Wells Fargo Commercial Mortgage Securities, Inc.

Commercial Mortgage Pass-Through Certificates, Series 2013-C16

Wells Fargo Bank, National Association

 

 

 

J.P. Morgan Chase Commercial Mortgage Securities, Corp.

JPMBB Commercial Mortgage Securities Trust 2013-C15 Commercial Mortgage Pass-Through Certificates, Series 2013-C15

Wells Fargo Bank, National Association

 

 

 

 

 


 

 

 

Issuer

 

Platform and Public Name of Securitization

 

 

Master Servicer

 

 

 

J.P. Morgan Chase Commercial Mortgage Securities, Corp.

J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C16 Commercial Mortgage Pass-Through Certificates, Series 2013-C16

Wells Fargo Bank, National Association

 

 

 

Citigroup Commercial Mortgage Securities, Inc.

Commercial Mortgage Pass-Through Certificates, Series 2013-GC17

Wells Fargo Bank, National Association

 

 

 

J.P. Morgan Chase Commercial Mortgage Securities, Corp.

JPMBB Commercial Mortgage Securities Trust 2013-C17 Commercial Mortgage Pass-Through Certificates, Series 2013-C17

Wells Fargo Bank, National Association

 

 

 

Wells Fargo Commercial Mortgage Securities, Inc.

Commercial Mortgage Pass-Through Certificates, Series 2013-C18

Wells Fargo Bank, National Association

 

 

J.P. Morgan Chase Commercial Mortgage Securities, Corp.

JPMBB Commercial Mortgage Securities Trust 2014-C18 Commercial Mortgage Pass-Through Certificates, Series 2014-C18

 

Midland Loan Services, a division of PNC Bank, National Association

 

 

Wells Fargo Commercial Mortgage Securities, Inc.

Commercial Mortgage Pass-Through Certificates, Series 2014-C20

Wells Fargo Bank, National Association

 

 

J.P. Morgan Chase Commercial Mortgage Securities, Corp.

JPMBB Commercial Mortgage Securities Trust 2014-C19 Commercial Mortgage Pass-Through Certificates, Series 2014-C19

 

KeyBank, National Association

 

 

J.P. Morgan Chase Commercial Mortgage Securities, Corp.

JPMCC Commercial Mortgage Securities Trust 2014-C20 Commercial Mortgage Pass-Through Certificates, Series 2014-C20

 

Wells Fargo Bank, National Association

 

 

GS Mortgage Securities Corporation II

Commercial Mortgage Pass-Through Certificates, Series 2014-GC22

Wells Fargo Bank, National Association

 

 

 

J.P. Morgan Chase Commercial Mortgage Securities, Corp.

JPMBB Commercial Mortgage Securities Trust 2014-C21 Commercial Mortgage Pass-Through Certificates, Series 2014-C21

Wells Fargo Bank, National Association

 

 

 


 

 

 

Issuer

 

Platform and Public Name of Securitization

 

 

Master Servicer

 

 

 

J.P. Morgan Chase Commercial Mortgage Securities, Corp.

JPMBB Commercial Mortgage Securities Trust 2014-C22 Commercial Mortgage Pass-Through Certificates, Series 2014-C22

 

Wells Fargo Bank, National Association

 

 

J.P. Morgan Chase Commercial Mortgage Securities, Corp.

JPMBB Commercial Mortgage Securities Trust 2014-C23 Commercial Mortgage Pass-Through Certificates, Series 2014-C23

 

Wells Fargo Bank, National Association

 

 

J.P. Morgan Chase Commercial Mortgage Securities, Corp.

JPMBB Commercial Mortgage Securities Trust 2014-C24 Commercial Mortgage Pass-Through Certificates, Series 2014-C24

 

Wells Fargo Bank, National Association

 

 

J.P. Morgan Chase Commercial Mortgage Securities, Corp.

JPMBB Commercial Mortgage Securities Trust 2014-C25 Commercial Mortgage Pass-Through Certificates, Series 2014-C25

 

Wells Fargo Bank, National Association

 

 

J.P. Morgan Chase Commercial Mortgage Securities, Corp.

JPMBB Commercial Mortgage Securities Trust 2014-C26 Commercial Mortgage Pass-Through Certificates, Series 2014-C26

 

Midland Loan Services, a division of PNC Bank, National Association

 

Wells Fargo Commercial Mortgage Securities, Inc.

Commercial Mortgage Pass-Through Certificates, Series 2014-C22

Wells Fargo Bank, National Association

 

 

Wells Fargo Commercial Mortgage Securities, Inc.

Commercial Mortgage Pass-Through Certificates, Series 2014-C24

Wells Fargo Bank, National Association

 

 

GS Mortgage Securities Corporation II

Commercial Mortgage Pass-Through Certificates, Series 2014-GC26

Wells Fargo Bank, National Association

 

Deutsche Mortgage & Asset Receiving Corporation

Commercial Mortgage Pass-Through Certificates, Series 2014-UBS6

KeyBank, National Association

 

Morgan Stanley Capital I Inc.

Commercial Mortgage Pass-Through Certificates, Series 2014-C17

Wells Fargo Bank, National Association

 

 

 

EX‑34.1

 

 

 

(logo) KPMG

                                                KPMG LLP

                                                Suite 1400

                                                55 Second Street

                                                San Francisco, CA 94105

 

 

 

 

Report of Independent Registered Public Accounting Firm 

 

 

 

The Board of Directors

Wells Fargo Board, National Association:

 

 

We have examined   management’s assessment, included in the accompanying   Management’s Assessment, that Wells Fargo Commercial  Mortgage Servicing, a division of Wells Fargo Bank, National Association, (the   "Company") complied  with  the  servicing  criteria  set forth  in  Item  1122(d)  of  the  Securities  and Exchange Commission's Regulation AB for the servicing of commercial  loans (the "Platform"), except for servicing criteria 1122(d)(1)(iii), 1122(d)(3)(i)(B-D), 1122(d)(3)(ii-iv), and 1122(d)(4)(xv), which the Company has determined  are not applicable to the activities it performs with respect to the Platform, as of and  for  the  year  ended   December   31,  2014.  The  Company   has  determined   that  servicing   criteria 1122(d)(4)(xi) and 1122(d)(4)(xii) are applicable to the activities the Company performs with respect to the Platform,  except  for certain  tax payment  activities  which the Company  has engaged  various  vendors to perform,  With respect  to applicable  servicing  criterion  1122(d)(4)(iii),  the Company  has determined that there were no activities performed  during the year ended December 31, 2014 with respect to the Platform, because there were no occurrences of events that would require the Company to perform such activities. Appendix A to the accompanying Management's Assessment identifies the commercial mortgage pools and other structures involving the commercial loans defined by management as constituting the Platform. Management is responsible for the Company’s compliance with the servicing criteria. Our responsibility is to express an opinion on management’s assessment about the Company's compliance based on our examination.

 

Our  examination  was  conducted  in  accordance  with the  standards  of  the  Public  Company   Accounting Oversight  Board (United  States) and, accordingly, included examining,  on a test basis, evidence about the Company's compliance  with the servicing criteria specified above and performing such other procedures as we considered necessary in the circumstances. Our examination included testing selected asset-backed transactions and securities that comprise the Platform, testing selected servicing activities related to the Platform, and determining whether the Company processed those selected transactions and performed those selected activities in compliance with the servicing criteria. Furthermore, our procedures were limited to the selected transactions and servicing activities performed by the Company during the period covered by this report. Our procedures were not designed to determine whether errors may have occurred either prior to or subsequent to our tests that may have affected the balances or amounts calculated or reported by the Company during the period covered  by this report for the selected transactions or any other transactions.  We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with the servicing criteria.

 

As  described   in  the   accompanying    Management's  Assessment,   for  servicing criteria 1122(d)( l )( i ), 1122(d)(3)(i)(A), 1122(d)(4)(i), and 1122(d)(4)(vi),  the Company has engaged various vendors to perform the activities required  by these servicing criteria. The Company has determined that none of these vendors is considered a "servicer" as defined in Item 1101 ( j) of Regulation AB, and the Company has elected to take responsibility for assessing compliance with the servicing criteria applicable to each vendor as permitted by the SEC’s Compliance and Disclosure Interpretation ("C&DI'') 200.06, Vendors Engaged by Servicers (C&DI 200.06) (formerly SEC Manual Telephone Interpretation 17.06). As permitted by C&DI 200.06, the Company has asserted that it has policies and procedures in place designed to provide reasonable assurance that the  vendors'  activities  comply in all material respects with the servicing  criteria applicable  to each vendor.  The Company is solely  responsible  for determining  that it meets the SEC requirements  to apply C&DI 200.06  for  the  vendors  and related  criteria  as  described  in its  assertion,  and  we  performed   no procedures with respect to the Company's eligibility to apply C&DI 200.06.

 

  In our opinion,   management's assessment that the Company complied  with the aforementioned   servicing criteria,  including servicing  criteria 1122(d)(l)(i), 1122(d)(3)(i)(A), 1122(d)(4)(i), and 1122(d)(4)(vi),   for which compliance is determined  based on C&DI 200.06 as described above, as of and for the year ended December 31,2014 is fairly stated, in all material respects.

 

/s/ KPMG LLP

 

 

San Francisco, California

March 6, 2015

 

KPMG LLC is a Delaware limited liability partnership,

the U.S. member firm of KPMG International Cooperative

(“KPMG International”), a Swiss entity.

 

 

 

EX‑34.2

 

 

(logo) NDB LLP

Accountants & Consultants

 

 

 

Report of Independent Registered Public Accounting Firm

 

 

Senior Management

Rialto Capital Advisors, LLC

 

We have examined Management’s Assertion, included in the accompanying Management’s Assertion on Compliance with Applicable Regulation AB Servicing Criteria (“Management Assertion”), that Rialto Capital Advisors, LLC (“Rialto”), complied with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission’s (SEC) Regulation AB with respect to the commercial mortgage loan platform (“Regulation AB Platform”) as defined in the Management Assertion related to the below-named Commercial Mortgage-Asset Backed Securities Transactions, except for any instances of material non-compliance described therein, as of December 31, 2014, and for the reporting period of January 1, 2014, to December 31, 2014, or the applicable shorter period there within, excluding criteria 1122 (d)(1)(iii), (d)(3)(ii), (d)(3)(iii), (d)(3)(iv), (d)(4)(iv), (d)(4)(v), (d)(4)(ix), (d)(4)(x) (d)(4)(xi), (d)(4)(xii), (d)(4)(xiii), (d)(4)(xiv), and (d)(4)(xv), which management has determined are not applicable to the activities performed by Rialto with respect to the platform.

 

 

Pooling and Servicing Agreements

Applicable Certification Period

WFRBS 2012-C8

January 1, 2014, to December 31, 2014

FDIC 2012-C1

January 1, 2014, to December 31, 2014

WFCM 2012-LC5

January 1, 2014, to December 31, 2014

UBS-Barclays 2012-C3

January 1, 2014, to December 31, 2014

UBS-Barclays 2012-C4

January 1, 2014, to December 31, 2014

GSMS 2012-GCJ9

January 1, 2014, to December 31, 2014

JPMCC 2012-LC9

January 1, 2014, to December 31, 2014

COMM 2013-LC6

January 1, 2014, to December 31, 2014

WFRBS 2013-C12

January 1, 2014, to December 31, 2014

UBS-Barclays 2013-C6

January 1, 2014, to December 31, 2014

GSMS 2013-GCJ12

January 1, 2014, to December 31, 2014

WFRBS 2013-C14

January 1, 2014, to December 31, 2014

WFRBS 2011-C5

January 1, 2014, to December 31, 2014

WFCM 2013-LC12

January 1, 2014, to December 31, 2014

WFRBS 2011-C2

January 1, 2014, to December 31, 2014

WFRBS 2011-C3

January 1, 2014, to December 31, 2014

WFRBS 2011-C4

January 1, 2014, to December 31, 2014

UBS-Citigroup 2011-C1

January 1, 2014, to December 31, 2014

UBS 2012-C1

January 1, 2014, to December 31, 2014

WFRBS 2012-C6

January 1, 2014, to December 31, 2014

GSMS 2011-GC3

January 1, 2014, to December 31, 2014

COMM 2013-LC13

January 1, 2014, to December 31, 2014

WFRBS 2013-C16

January 1, 2014, to December 31, 2014

GSMS 2013-GCJ16

January 1, 2014, to December 31, 2014

WFRBS 2013-C17

January 1, 2014, to December 31, 2014

GSMS 2012-GC6

January 1, 2014, to December 31, 2014

MSBAM 2013-C13

January 1, 2014, to December 31, 2014

COMM 2014-CCRE14

January 22, 2014, to December 31, 2014

MSBAM 2014-C14

February 14, 2014, to December 31, 2014

WFRBS 2014-LC14

February 20, 2014, to December 31, 2014

COMM 2014-LC15

March 25, 2014, to December 31, 2014

WFRBS 2014-C20

May 13, 2014, to December 31, 2014

COMM 2014-CCRE18

June 27, 2014, to December 31, 2014

CGCMT 2014-GC23

August 7, 2014, to December 31, 2014

MSBAM 2014-C17

August 14, 2014, to December 31, 2014

COMM 2014-UBS5

September 23, 2014, to December 31, 2014

MSBAM 2014-C18

September 29, 2014, to December 31, 2014

COMM 2012-CCRE4

October 6, 2014, to December 31, 2014

COMM 2012-LC4

October 6, 2014, to December 31, 2014

WFRBS 2014-C24

November 18, 2014, to December 31, 2014

JPMBB 2014-C25

November 24, 2014, to December 31, 2014

LCCM 2014-909

June 23, 2014, to December 31, 2014

MLMI 1998-C3

June 19, 2014, to December 31, 2014

Carefree Portfolio Trust 2014-CARE MZ A

November 26, 2014, to December 31, 2014

WFCM 2014-LC18

December 30, 2014, to December 31, 2014

 

 

Management is responsible for Rialto’s compliance with the servicing criteria. Our responsibility is to express an opinion on Management’s Assertion about Rialto’s compliance with the relevant servicing criteria based on our examination.

 

Our examination was conducted in accordance with standards of the Public Company Accounting Oversight Board (PCAOB) (United States) and, accordingly, included examining on a test basis, evidence about Rialto’s compliance with the servicing criteria and performing such other procedures as we considered necessary in the circumstances. Our examination included a selection of samples of transactions and compliance activities related to the platform during the examination period and determining whether Rialto processed those transactions and performed those activities in compliance with the relevant servicing criteria. Our testing of selected transactions and compliance activities was limited to calculations, reports, and activities performed by Rialto during the period covered by this report. Our procedures did not include determining whether errors may have occurred prior to our tests that may have affected the balances or amounts calculated or reported by Rialto during the period covered by this report for the selected transactions or any other transaction. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on Rialto’s compliance with the servicing criteria.

 

In our opinion, Management’s Assertion that Rialto complied with the relevant servicing criteria related to the aforementioned Commercial Mortgage-Asset Backed Securities Transactions, backed by the mortgage collateral pledged under such Commercial Mortgage-Asset Backed Securities Transactions, as of December 31, 2014, and the aforementioned reporting period then ended, is fairly stated, in all material respects.

 

 

/s/ NDB Accountants & Consultants, LLP

Atlanta, Georgia.

March 5, 2015.

 

 

NDB, A PCAOB Registered CPA Firm

 

 

EX‑34.3

 

 

 

(logo) KPMG

 

KPMG LLP

Aon Center

Suite 5500

200 East Randolph Drive

Chicago, IL 60601-6436

 

 

 

Report of Independent Registered Public Accounting Firm

 

 

The Board of Directors

The Corporate Trust Services division of Wells Fargo Bank, National Association:

We have examined management’s assessment, included in the accompanying Assessment of Compliance with the Applicable Servicing Criteria, that the Corporate Trust Services division of Wells Fargo Bank, National Association (the “Company”) complied with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission’s Regulation AB for commercial mortgage-backed securities (“CMBS”) transactions backed by pools of commercial mortgage loans and/or backed by CMBS for which the Company provides trustee, securities administration and/or paying agent services and where some or all of the offered securities for such CMBS transactions were either (a) publicly-issued pursuant to a registration statement delivered under the Securities Act of 1933, or (b) privately-issued pursuant to an exemption from registration where the Company has an obligation under the transaction agreements to deliver an assessment of compliance with the applicable servicing criteria under Item 1122(d) of Regulation AB; provided however that, the platform excludes any transactions (i) where the offered securities were issued, sponsored or guaranteed by any agency or instrumentality of the U.S. government or any government sponsored entity, and (ii) where the offered securities were issued pursuant to a transaction that closed prior to January 1, 2006 and for which the Company outsources all material servicing activities (as defined by Regulation AB) (the “CMBS Platform”) to the extent required in the related transaction agreements, in regards to the activities performed by the Company, except for the following servicing criteria:  1122(d)(4)(ii), 1122(d)(4)(iv), 1122(d)(4)(v), 1122(d)(4)(vi), 1122(d)(4)(vii), 1122(d)(4)(viii), 1122(d)(4)(ix), 1122(d)(4)(x), 1122(d)(4)(xi), 1122(d)(4)(xii), 1122(d)(4)(xiii) and 1122(d)(4)(xiv), which management has determined are not applicable to the activities the Company performed with respect to the CMBS Platform as of and for the twelve months ended December 31, 2014 (the “Applicable Servicing Criteria”).  With respect to applicable servicing criteria 1122(d)(2)(iii) and 1122(d)(4)(iii), management has determined that there were no activities performed during the twelve months ended December 31, 2014 with respect to the CMBS Platform, because there were no occurrences of events that would require the Company to perform such activities.  Appendix A to the Assessment of Compliance with the Applicable Servicing Criteria identifies the individual transactions defined by management as constituting the CMBS Platform.  Management is responsible for the Company’s compliance with the servicing criteria. Our responsibility is to express an opinion on management’s assessment about the Company’s compliance based on our examination.

Our examination was conducted in accordance with the attestation standards of the Public Company Accounting Oversight Board (United States)and, accordingly, included examining, on a test basis, evidence about the Company’s compliance with the servicing criteria specified above and performing such other procedures as we considered necessary in the circumstances.  Our examination included testing selected asset-backed transactions and securities that comprise the CMBS Platform, testing selected servicing activities related to the CMBS Platform, and determining whether the Company processed those selected transactions and performed those selected activities in compliance with the servicing criteria.  Furthermore, our procedures were limited to the selected transactions and servicing activities performed by the Company during the period covered by this report.  Our procedures were not designed to determine whether errors may have occurred either prior to or subsequent to our tests that may have affected the balances or amounts calculated or reported by the Company during the period covered by this report for the selected transactions or any other transactions. We believe that our examination provides a reasonable basis for our opinion.  Our examination does not provide a legal determination on the Company’s compliance with the servicing criteria.

 

As described in the accompanying Assessment of Compliance with the Applicable Servicing Criteria, for servicing criterion 1122(d)(4)(i), the Company has engaged a vendor to perform the activities required by this servicing criterion. The Company has determined that this vendor is not considered a “servicer” as defined in Item 1101(j) of Regulation AB, and the Company has elected to take responsibility for assessing compliance with the servicing criterion applicable to this vendor as permitted by the SEC’s Compliance and Disclosure Interpretation (“C&DI”) 200.06, Vendors Engaged by Servicers (C&DI 200.06) (formerly SEC Manual Telephone Interpretation 17.06).  As permitted by C&DI 200.06, the Company has asserted that it has policies and procedures in place designed to provide reasonable assurance that the vendor’s activities comply in all material respects with the servicing criterion applicable to the vendor.  The Company is solely responsible for determining that it meets the SEC requirements to apply C&DI 200.06 for the vendor and related criterion as described in management’s Assessment of Compliance with the Applicable Servicing Criteria, and we performed no procedures with respect to the Company’s eligibility to apply C&DI 200.06.

In our opinion, management’s assessment that the Company complied with the aforementioned servicing criteria as of and for the twelve months ended December 31, 2014 is fairly stated, in all material respects.

 

/s/ KPMG LLP

 

Chicago, Illinois
February 25, 2015

 

 

KPMG LLP is a Delaware limited liability partnership, the U.S. member firm of KPMG International Cooperative (“KPMG International”), a Swiss entity.

 

 

 

 

 

EX‑34.4

 

 

 

(logo) KPMG

 

KPMG LLP

Aon Center

Suite 5500

200 East Randolph Drive

Chicago, IL 60601-6436

 

 

 

Report of Independent Registered Public Accounting Firm

 

 

The Board of Directors

The Corporate Trust Services division of Wells Fargo Bank, National Association:

 

We have examined management’s assessment, included in the accompanying Assessment of Compliance with the Applicable Servicing Criteria, that the Corporate Trust Services division of Wells Fargo Bank, National Association (the “Company”) complied with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission’s Regulation AB for residential mortgage‑backed securities (“RMBS”) transactions backed by pools of residential mortgage loans and commercial mortgage‑backed securities (“CMBS”) transactions backed by pools of commercial mortgage loans, in each case for which the Company provides document custody services and where the RMBS and CMBS transactions were either (a) publicly‑issued pursuant to a registration statement under the Securities Act of 1933 on or after January 1, 2006, or (b) privately‑issued pursuant to an exemption from registration on or after January 1, 2006 where the Company has an obligation under the transaction agreements to deliver an assessment of compliance with the applicable servicing criteria under Item 1122(d) of Regulation AB; provided however that, the platform excludes any transactions where the offered securities were issued, sponsored and/or guaranteed by any agency or instrumentality of the U.S. government or any government sponsored entity, other than certain securitizations of residential mortgage loan transactions issued, sponsored and/or guaranteed by the Federal Deposit Insurance Company (the “Document Custody Platform”) as of and for the twelve months ended December 31, 2014. Management has determined that the servicing criteria set forth in Item 1122(d)(1)(ii), 1122(d)(1)(iv), 1122(d)(4)(i), 1122(d)(4)(ii) and 1122(d)(4)(iii) are applicable to the activities performed by the Company with respect to the Document Custody Platform as of and for the twelve months ended December 31, 2014; provided however that, with respect to the Document Custody Platform, servicing criterion 1122(d)(4)(iii) is applicable only as it relates to the Company’s obligation to review and maintain the required loan documents related to any additions, removals or substitutions in accordance with the transaction agreements (the “Applicable Servicing Criteria”), as of and for the twelve months ended December 31, 2014. Management has determined that all other servicing criteria set forth in Item 1122(d) are not applicable to the Document Custody Platform. With respect to applicable servicing criteria 1122(d)(1)(ii) and 1122(d)(4)(iii), management has determined that there were no activities performed during the twelve months ended December 31, 2014 with respect to the Document Custody Platform, because there were no occurrences of events that would require the Company to perform such activities. Appendix A to the Assessment of Compliance with the Applicable Servicing Criteria identifies the individual transactions defined by management as constituting the Document Custody Platform. Management is responsible for the Company’s compliance with the servicing criteria. Our responsibility is to express an opinion on management’s assessment about the Company’s compliance based on our examination.

 

Our examination was conducted in accordance with the attestation standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about the Company’s compliance with the servicing criteria specified above and performing such other procedures as we considered necessary in the circumstances. Our examination included testing selected asset‑backed transactions and securities that comprise the Document Custody Platform, testing selected servicing activities related to the Document Custody Platform, and determining whether the Company processed those selected transactions and performed those selected activities in compliance with the servicing criteria. Furthermore, our procedures were limited to the selected transactions and servicing activities performed by the Company during the period covered by this report. Our procedures were not designed to determine whether errors may have occurred either prior to or subsequent to our tests that may have affected the balances or amounts calculated or reported by the Company during the period covered by this report for the selected transactions or any other transactions. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company’s compliance with the servicing criteria.

 

In our opinion, management’s assessment that the Company complied with the aforementioned servicing criteria as of and for the twelve months ended December 31, 2014 is fairly stated, in all material respects.

 

 

/s/ KPMG LLP

 

Chicago, Illinois
February 25, 2015

 

 

KPMG LLP is a Delaware limited liability partnership, the U.S. member firm of KPMG International Cooperative (“KPMG International”), a Swiss entity.

 

 

 

EX‑34.5

 

 

(logo) Grant Thornton

Audit • Tax • Advisory

 

Grant Thornton LLP

201 South College Street

Suite 2500

Charlotte, NC 28244

 

T 704.632.3500

 

 

 

 

Report of Independent Registered Public Accounting Firm

 

Board of Directors

Trimont Real Estate Advisors, Inc.

 

 

 

We have examined management’s assertion, included in the accompanying Management’s Certification Regarding Compliance with Applicable Servicing Criteria (“Management’s Report”), that Trimont Real Estate Advisors, Inc. (the “Company”) complied with the servicing criteria set forth in Item 1122(d) of the U.S. Securities and Exchange Commission’s Regulation AB as of and for the year ended December 31, 2014, except for those criteria noted as not applicable (N/A) within Exhibit A. The transactions covered by this report are only those transactions processed by the Company in its capacity as trust, senior trust or operating advisor for the asset backed securities transactions (the “Platform”). Reference Exhibit B for the transactions covered by this examination. Management is responsible for the Company’s compliance with the applicable servicing criteria. Our responsibility is to express an opinion on management’s assertion about the Company’s compliance with the applicable servicing criteria for the Platform based on our examination.

 

Our examination was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about the Company’s compliance with the applicable servicing criteria for the Platform and performing such other procedures as we considered necessary in the circumstances. Our examination included testing selected asset-backed transactions and securities constituting the Platform and evaluating whether the Company performed servicing activities related to those transactions and securities in compliance with the applicable servicing criteria for the period covered by this report. Accordingly, our testing may not have included servicing activities related to each asset-backed transaction or security constituting the Platform. Further, our examination was not designed to detect material noncompliance that may have occurred prior to the period covered by this report and that may have affected the Company’s servicing activities during the period covered by this report. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company’s compliance with the applicable servicing criteria.

 

In our opinion, management’s assertion that Trimont Real Estate Advisors, Inc. complied with the applicable servicing criteria identified in Exhibit A and Exhibit B as of and for the year ended December 31, 2014 for the Platform is fairly stated, in all material respects. 

 

Charlotte, North Carolina

/s/ Grant Thornton LLP

March 1, 2015

 

 

 

 

EX‑34.6

 

 

 

 

 

(logo) pwc

 

 

 

 

 

 

 

Report of Independent Registered Public Accounting Firm

 

 

To the Board of Directors and shareholders of CoreLogic, Inc.:

 

We have examined management's assertion, included in the accompanying Report on Assessment of Compliance, that CoreLogic Commercial Real Estate Services, Inc. (the "Company"), an indirect subsidiary of CoreLogic, Inc. complied with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission's Regulation AB for all loans for commercial mortgage loan outsourcing customers for which the Company served as the commercial tax service provider (the "Platform"), as of December 31, 2014 and for the year then ended, only including 1122(d)(1)(iv), 1122(d)(2)(ii), 1122(d)(2)(v), 1122(d)(2)(vi), 1122(d)(2)(vii), 1122(d)(4)(xi), 1122(d)(4)(xii) and 1122(d)(4)(xiii), which the Company has determined are applicable to the servicing activities performed by it with respect to the Platform. Management is responsible for the Company's compliance with the servicing criteria. Our responsibility is to express an opinion on management's assertion based on our examination.

 

Our examination was conducted in accordance with attestation standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about the Company's compliance with the applicable servicing criteria and performing such other procedures as we considered necessary in the circumstances. Our examination included testing of selected servicing activities related to the Platform, and determining whether the Company performed those selected activities in compliance with the applicable servicing criteria. Our procedures were limited to the selected servicing activities performed by the Company during the period covered by this report. Our procedures were not designed to detect noncompliance arising from errors that may have occurred prior to or subsequent to our tests that may have affected the balances or amounts calculated or reported by the Company during the period covered by this report. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with the servicing criteria.

 

In our opinion, management's assertion that the Company complied with the aforementioned applicable servicing criteria as of and for the year ended December 31, 2014 for all loans for commercial mortgage loan outsourcing customers for which the Company served as the commercial tax service provider is fairly stated, in all material respects.

 

 

/s/ PricewaterhouseCoopers LLP

February 11, 2015

 

 

 

 

 

PricewaterhouseCoopers LLP, 2001 Ross Avenue, Suite 1800, Dallas, TX 75201-2997

T: (214) 999 1400, F: (214)754 7991, www.pwc.com/us

 

 

EX‑34.7

 

 

 

 

(logo) plante

moran

Plante & Moran, PLLC

10 South Riverside Plaza

9th Floor

Chicago, IL 60606

Tel: 312.207.1040

Fax: 312.207.1066

plantemoran.com

 

 

 

Report of Independent Registered Public Accounting Firm

 

 

 

To the Board of Directors

National Tax Search, LLC

 

We have examined National Tax Search's compliance with Securities and Exchange Commission's Regulation AB Servicing Criteria, set forth in Item 1122(d) of the Security and Exchange Commission's Regulation AB for the National Tax Search TaxQ system (the "Platform") as of and for the year ended December 31, 2014. The Company has determined that only certain servicing criteria, 1122(d)(l)(ii), 1122(d)1(iv), 1122(d)2(ii), 1122(d)2(v), 1122(d)2(vi), 1122(d)2(vii), 1122(d)(4)(xi), and 1122(d)(4)(xii), are applicable to the activities performed by it with respect to the Platform covered by this report. The Company has determined that the remaining servicing criteria set forth in Item 1122(d) of the SEC Regulation AB are not applicable to the activities performed by it with respect to the Platform covered by this report.

 

Management is responsible for the Company's compliance with those servicing criteria. Our responsibility is to express an opinion on management's assertion about the Company's compliance with the servicing criteria based on our examination. Our examination was conducted in accordance with standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about the Company's compliance with the applicable servicing criteria and performing such other procedures as we considered necessary in the circumstances. Our examination included a selection of a sample of transactions and compliance activities related to the Platform during the examination period and determining whether the Company processed those transactions and performed those activities in compliance with the servicing criteria.  Our testing of selected transactions and compliance activities was limited to calculations, reports, and activities performed by the Company during the period covered by this report. Our procedures did not include determining whether errors may have occurred prior to our tests that may have affected the balances or amounts calculated or reported by the Company during the period covered by this report for the selected transactions or any other transactions. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with the servicing criteria.

 

In our opinion, management's assertion that the Company complied with the aforementioned servicing criteria as of and for the year ended December 31, 2014 for the Platform is fairly stated in all material respects.

 

 

 

/s/ Plante & Moran, PLLC

 

 

Chicago, IL

January 12, 2015

 

 

(logo) Praxity

Member

Global Alliance of

Independent Firms

 

 

 

 

 

EX‑34.12

 

 

 

 

McGladrey LLP

 

 

(logo) McGladrey

 

 

 

 

Report of Independent Registered Public Accounting Firm

 

 

To the Board of Directors

Pentalpha Surveillance, LLC

 

 

We have examined management's assertion, included in the accompanying Management's Report on Assessment of 2014 Compliance with Applicable Regulation AB Servicing Criteria (Management's Assertion), that Pentalpha Surveillance, LLC (the Company) complied with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission's (SEC) Regulation AB for services by the Company that are encompassed by contractual obligations to perform Regulation AB reporting (the Platform), including only those asset-backed securities transactions defined below, as of and for the year ended December 31, 2014, excluding the following criteria set forth in Items 1122(d)(1)(i-iv), 1122(d)(2)(i-vii), 1122(d)(3)(i)(C-D), 1122(d)(3)(ii-iv), 1122(d)(4)(i-vi) and 1122(d)(4)(viii-xv), which management has determined are not applicable to the activities performed by the Company with respect to the Platform covered by this report. The Appendix B to management's assertion identifies the individual asset-backed transactions defined by management as constituting the Platform. Management is responsible for the Company's compliance with the applicable servicing criteria. Our responsibility is to express an opinion on management's assertion about the Company's compliance with the applicable servicing criteria based on our examination.

 

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants, as adopted by the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about the Company's compliance with the applicable servicing criteria, including tests on a sample basis of the servicing activities related to the Platform, determining whether the Company performed those activities in compliance with the servicing criteria during the specified period and performing such other procedures as we considered necessary in the circumstances. Our procedures were limited to selected servicing activities performed by the Company during the period covered by this report and, accordingly, such samples may not have included servicing activities related to each asset-backed transaction in the Platform. Further, an examination is not designed to detect noncompliance arising from errors that may have occurred prior to the period specified above that may have affected the balances or amounts calculated or reported by the Company during the period covered by this report. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with the servicing criteria.

 

In our opinion, management's assertion that Pentalpha Surveillance, LLC complied with the aforementioned applicable servicing criteria as of and for the year ended December 31, 2014 for the Platform is fairly stated, in all material respects.

 

/s/ McGladrey LLP

 

Irvine, California

March 4, 2015

 

 

Member of the RSM International network of Independent accounting, tax and consulting firms.

 

 

EX‑35.1

 

 

 

 

 

 

(logo) WELLS
           FARGO

Commercial Mortgage Servicing

D1086-120, 12th Floor

550 South Tryon Street

Charlotte, NC 28202

1-800-326-1334

 

 

 

ANNUAL STATEMENT OF COMPLIANCE

 

 

 

 

ANNUAL STATEMENT OF COMPLIANCE

 

Reference is hereby made to that certain Pooling and Servicing Agreement dated dated as of September 1, 2012, by and among Wells Fargo Commercial Mortgage Securities, Inc., as Depositor, Wells Fargo Bank, National Association, as Master Servicer, Certificate Administrator, Tax Administrator and Custodian, Rialto Capital Advisors, LLC, as Special Servicer, Trimont Real Estate Advisors, Inc., as Trust  Advisor  and  U.S.  Bank National Association,  as  Trustee,  with respect to Commercial Mortgage Pass-Through Certificates Series 2012-LC5 (the "Agreement"). Capitalized terms used herein not otherwise defined shall have the meanings assigned in the Agreement.

 

Pursuant to Section 11.12 of this Agreement, I, Daniel Bober, Executive Vice President of

Commercial Mortgage Services do hereby certify that:

 

1.         A review of the activities of the Master Servicer during the period from January 1,

2014 through December 31, 2014 (the “Reporting Period”), and of its performance per the Agreement during such period has been made under my supervision, and

 

2.      To the best of my knowledge, based on such review, the Master Servicer, has fulfilled all of its obligations under the Agreement in all material respects throughout the Reporting Period.

 

 

 

 

 

IN WITNESS WHEREOF, the undersigned has executed this Certificate as of the 6th day of March 2015.

 

 

 

 

 

 

\s\ Daniel Bober

Daniel Bober

Executive Vice President

Wells Fargo Bank

 

 

 

 

EX‑35.2

 

 

 

(logo) Rialto

CAPITAL

 

 

 

 

                               

 

 

2014 Annual Statement of Servicer Compliance (Item 1123)

 

Pooling and Servicing Agreement (the “Pooling and Servicing Agreement”) dated as of  September 1, 2012 by and among Wells Fargo Commercial Mortgage Securities, Inc. as Depositor, Wells Fargo Bank, National Association as Master Servicer, Rialto Capital Advisors, LLC as Special Servicer, TriMont Real Estate Advisors, Inc. as Trust Advisor, Wells Fargo Bank, National Association as Certificate Administrator, as Tax Administrator and as Custodian and U.S. Bank National Association as Trustee relating to the WFRBS Commercial Mortgage Trust 2012-LC5, Commercial Mortgage Pass-Through Certificates, Series 2012-LC5  (WFRBS 2012-LC5)

           

 

The undersigned, a duly authorized officer of Rialto Capital Advisors, LLC, as special servicer (the “Special Servicer”) herein certifies to the following:

 

1.       All servicing activities and performance of such servicing activities under the Pooling and Servicing Agreement are performed on behalf of the Special Servicer.

 

2.       A review of the servicing activities and performance by the Special Servicer for the period of January 1, 2014 to December 31, 2014 (the “Reporting Period”) in accordance with the Pooling and Servicing Agreement has been conducted under my supervision.

 

3.       To the best of my knowledge, based on such review, the Special Servicer has fulfilled all of its obligations under the terms of the Pooling and Servicing Agreement, in all material respects for the Reporting Period and if there has been a failure to fulfill any such obligations in any material respect, each failure and the nature and status thereof has been specifically identified herein.

 

 

 

 

Certified by:  /s/  Adam Singer                                                                                Date:  March 5, 2015

       Adam Singer, Managing Director

 

         

 

 

 

EX‑35.3

 

 

(logo) WELLS
           FARGO

Corporate Trust Services
MAC R1204-010
9062 Old Annapolis Road

Columbia, MD 21045

 

Tel:  410 884 2000

Fax: 410 715 2380

 

 

 

 

Wells Fargo Commercial Mortgage Securities, Inc.

c/oWells Fargo Securities,  LLC

375 Park Avenue 2nd floor

J0127-023

New York, New York 10152-023

 

 

 

 

RE: Annual Statement of Compliance for Wells Fargo Commercial Mortgage

Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2012-LC5

 

 

Per the Pooling and Servicing Agreement dated as of September 1, 2012 (the "Agreement"),  the undersigned, a duly authorized officer of Wells Fargo Bank, N.A., as Certificate Administrator ("Wells Fargo"), hereby certifies as follows as of and for the year ending  December 31, 2014 (the "Reporting  Period"):

 

(a) A review of Wells Fargo's activities during the Reporting Period and of its performance under the Agreement has been made under such officer's supervision; and

 

(b) To the best of such officer's knowledge, based on such review, Wells Fargo has fulfilled all of its obligations under the Agreement in all material respects throughout the Reporting Period.

 

 

 

 

February 26, 2015

 

/s/  Brian Smith

BRIAN SMITH

Vice President

 

 

 

Wells Fargo Bank, N.A.

 

 

 

EX‑35.5

 

 

 

(logo) Rialto

CAPITAL

 

 

 

 

 

 

2014 Annual Statement of Servicer Compliance (Item 1123)

 

                Pooling and Servicing Agreement (the “Pooling and Servicing Agreement”) dated as of August 1, 2012 by and among Wells Fargo Commercial Mortgage Securities, Inc., as Depositor,  Wells Fargo Bank, National Association as Master Servicer,  Wells Fargo Bank, National Association as Certificate Administrator, as Tax Administrator and as Custodian, and Deutsche Bank Trust Company Americas, as Trustee, and Pentalpha Surveillance LLC as Trust Advisor, relating to the WFRBS Commercial Mortgage Trust 2012-C8, Commercial Mortgage Pass-Through Certificates, Series 2012-C8 (WFRBS 2012-C8)

 

 

The undersigned, a duly authorized officer of Rialto Capital Advisors, LLC, as special servicer (the “Special Servicer”) herein certifies to the following:

 

1.        All servicing activities and performance of such servicing activities under the Pooling and Servicing Agreement are performed on behalf of the Special Servicer.

 

2.        A review of the servicing activities and performance by the Special Servicer for the period of January 1, 2014 to December 31, 2014 (the “Reporting Period”) in accordance with the Pooling and Servicing Agreement has been conducted under my supervision.

 

3.        To the best of my knowledge, based on such review, the Special Servicer has fulfilled all of its obligations under the terms of the Pooling and Servicing Agreement, in all material respects for the Reporting Period and if there has been a failure to fulfill any such obligations in any material respect, each failure and the nature and status thereof has been specifically identified herein.

 

 

 

Certified by:  /s/  Adam Singer                                                                                Date:  March 5, 2015

       Adam Singer, Managing Director

 

 

 

 

EX‑35.6

 

 

 

 

 

(logo) WELLS  

           FARGO

Corporate Trust Services

 

MAC R1204-010

9062 Old Annapolis Rd

Columbia, MD 21045

 

Tel: 410 884-2000

Fax: 410 715 2380

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wells Fargo Commercial Mortgage Securities, Inc.

375 Park Avenue, 2nd Floor

New York, New York 10152-023

 

RE:  Annual Statement of Compliance

 

The undersigned, a duly authorized officer of Wells Fargo Bank, N.A., as Certificate Administrator for the

100 Church Street Pari Passu Companion Loan (in such capacities, "Wells Fargo"), hereby certifies as follows as of and for the year ending December 31, 2014 (the "reporting period"):

 

(a)  A review of Wells Fargo's activities during the reporting period and of its performance under the applicable servicing agreement(s) listed on Schedule A hereto (the "Servicing Agreement(s)") has been made under my supervision; and

 

(b)  To the best of my knowledge, based on such review, Wells Fargo has fulfilled all of its obligations under the Servicing Agreement(s) in all material respects throughout the reporting period, except as noted on Schedule B.

 

 

 

March 4, 2015

 

/s/  Brian Smith

Brian Smith

Vice President

 

 

 

 

 

To: Wells Fargo Commercial Mortgage Securities, Inc.

 

 

Schedule A

 

 

List of Servicing Agreement(s) and Series

 

 

1.        Pooling and Servicing Agreement dated as of September 1, 2012, by and among WELLS FARGO COMMERCIAL MORTGAGE  SECURITIES, INC., as Depositor, WELLS FARGO BANK, NATIONAL ASSOCIATION, as Master Servicer, RIALTO CAPITAL ADVISORS, LLC, as Special Servicer, TRIMONT REAL ESTATE ADVISORS, INC., as Trust Advisor, U.S. BANK NATIONAL ASSOCIATION as Trustee, and Wells Fargo Bank, N.A. as Certificate Administrator, Paying Agent and Custodian relating to the Series WFCM 2012-LC5 Commercial  Mortgage Pass­ Through Certificates relating to the 100 Church Street Pari Passu Companion Loan, a pari passu portion of which is included in the Series WFRBS 2012-CB Commercial Mortgage Pass-Through Certificates transaction.

 

 

 

To:  Wells Fargo Commercial Mortgage Securities, Inc.

Schedule B

 

 

Material Non-Compliance with Servicing Obligations

 

Not Applicable

 

 

 

 

 



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

SEC Filings

Related Entities

Wells Fargo