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: 333-172366-08
Central Index Key Number of the issuing entity: 0001580013
Wells Fargo Commercial Mortgage Trust 2013-LC12
(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)
New York |
38-3913692 |
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:
(704) 374-6161
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 Carolina Place Mortgage Loan, which constituted approximately 6.4% of the asset pool of the issuing entity as of its cut-off date, is an asset of the issuing entity and is part of a loan combination that includes the Carolina Place Mortgage Loan and one other pari passu loan, which is not an asset of the issuing entity. The Cumberland Mall Mortgage Loan, which constituted approximately 6.4% of the asset pool of the issuing entity as of its cut-off date, is an asset of the issuing entity and is part of a loan combination that includes the Cumberland Mall Mortgage Loan and one other pari passu loan, which is not an asset of the issuing entity. The 100 & 150 South Wacker Drive Mortgage Loan, which constituted approximately 5.0% of the asset pool of the issuing entity as of its cut-off date, is an asset of the issuing entity and is part of a loan combination that includes the 100 & 150 South Wacker Drive Mortgage Loan and one other pari passu loan, which is not an asset of the issuing entity. These three loan combinations, including, respectively, the Carolina Place Mortgage Loan, the Cumberland Mall Mortgage Loan and the 100 & 150 South Wacker Drive Mortgage Loan, are being serviced and administered pursuant to the Pooling and Servicing Agreement, which is incorporated by reference as Exhibit 4.1 to this Annual Report on Form 10‑K.
The Exhibit Index describes exhibits provided by certain parties (in their capacities indicated on the Exhibit Index) with respect to the White Marsh Mall Mortgage Loan, which constituted approximately 5.7% of the asset pool of the issuing entity as of its cut-off date. The White Marsh Mall Mortgage Loan is an asset of the issuing entity and is part of a loan combination that includes the White Marsh Mall 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 2013-C14 transaction, Commission File Number 333-172366-07 (the “WFRBS 2013-C14 Transaction”). This loan combination, including the White Marsh Mall Mortgage Loan, is being serviced and administered pursuant to the pooling and servicing agreement for the WFRBS 2013-C14 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 for the mortgage loans serviced under the Pooling and Servicing Agreement and the primary servicer and certificate administrator for the White Marsh Mall Mortgage Loan. Thus, Wells Fargo Bank, in the capacities described above, is a “servicer,” as defined in Item 1108(a)(2)(iii) of Regulation AB, with respect to the 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 these capacities 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 the White Marsh Mall Mortgage Loan. Thus, Rialto, in the capacities described above, is a “servicer,” as defined in Item 1108(a)(2)(iii) of Regulation AB, with respect to the 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 these capacities 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 the primary servicer for the White Marsh Mall 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 that 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 acts as trustee of the issuing entity and the White Marsh Mall Mortgage Loan. Pursuant to the Pooling and Servicing Agreement and the pooling and servicing agreement relating to the WFRBS 2013-C14 Transaction, respectively, 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 assessment 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.
No single obligor represents 10% or more of the pool assets held by the issuing entity.
Item 1114(b)(2) of Regulation AB, Significant Enhancement Provider Financial Information.
No entity or group of affiliated entities provides any external credit enhancement or other support for the certificates within this transaction as described under Item 1114(a) of Regulation AB.
Item 1115(b) of Regulation AB, Certain Derivatives Instruments (Financial Information).
No entity or group of affiliated entities provides any derivative instruments or other support for the certificates within this transaction as described under Item 1115 of Regulation AB.
Item 1117 of Regulation AB, Legal Proceedings.
The registrant knows of no material pending legal proceedings involving the Trust or any party related to such Trust, other than routine litigation incidental to the duties of those respective parties, and the following, with respect to with respect to U.S. Bank National Association, as trustee, and 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) 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 July 30, 2013 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 criterion 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 White Marsh Mall Mortgage Loan, which is being serviced and administered pursuant to the pooling and servicing agreement for the WFRBS 2013-C14 Transaction, are attached 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 4.2 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 criterion 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 July 1, 2013, 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, tax administrator and custodian, U.S. Bank National Association, as trustee, and Park Bridge Lender Services LLC, as trust advisor (filed as Exhibit 4.1 to the registrant’s Current Report on Form 8-K/A filed on October 15, 2013 and incorporated by reference herein)
4.2 Pooling and Servicing Agreement, dated as of June 1, 2013, 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, tax administrator and custodian, U.S. Bank National Association, as trustee, and Pentalpha Surveillance LLC, as trust advisor (filed as Exhibit 99.4 to the registrant’s Current Report on Form 8-K/A filed on October 15, 2013 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 Park Bridge Lender Services LLC, 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 Carolina Place Mortgage Loan (see Exhibit 33.1) |
33.9 Rialto Capital Advisors, LLC, as Special Servicer for the Carolina Place Mortgage Loan (see Exhibit 33.2) |
33.10 Wells Fargo Bank, National Association, as Certificate Administrator for the Carolina Place Mortgage Loan (see Exhibit 33.3) |
33.11 Wells Fargo Bank, National Association, as Custodian for the Carolina Place Mortgage Loan (see Exhibit 33.4) |
33.12 Park Bridge Lender Services LLC, as Trust Advisor for the Carolina Place Mortgage Loan (see Exhibit 33.5) |
33.13 CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant for the Carolina Place Mortgage Loan (see Exhibit 33.6) |
33.14 National Tax Search, LLC, as Servicing Function Participant for the Carolina Place Mortgage Loan (see Exhibit 33.7) |
33.15 Wells Fargo Bank, National Association, as Primary Servicer for the Cumberland Mall Mortgage Loan (see Exhibit 33.1) |
33.16 Rialto Capital Advisors, LLC, as Special Servicer for the Cumberland Mall Mortgage Loan (see Exhibit 33.2) |
33.17 Wells Fargo Bank, National Association, as Certificate Administrator for the Cumberland Mall Mortgage Loan (see Exhibit 33.3) |
33.18 Wells Fargo Bank, National Association, as Custodian for the Cumberland Mall Mortgage Loan (see Exhibit 33.4) |
33.19 Park Bridge Lender Services LLC, as Trust Advisor for the Cumberland Mall Mortgage Loan (see Exhibit 33.5) |
33.20 CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant for the Cumberland Mall Mortgage Loan (see Exhibit 33.6) |
33.21 National Tax Search, LLC, as Servicing Function Participant for the Cumberland Mall Mortgage Loan (see Exhibit 33.7) |
33.22 Wells Fargo Bank, National Association, as Primary Servicer for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 33.1) |
33.23 Rialto Capital Advisors, LLC, as Special Servicer for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 33.2) |
33.24 Wells Fargo Bank, National Association, as Certificate Administrator for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 33.3) |
33.25 Wells Fargo Bank, National Association, as Custodian for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 33.4) |
33.26 Park Bridge Lender Services LLC, as Trust Advisor for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 33.5) |
33.27 CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 33.6) |
33.28 National Tax Search, LLC, as Servicing Function Participant for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 33.7) |
33.29 Wells Fargo Bank, National Association, as Primary Servicer for the White Marsh Mall Mortgage Loan (see Exhibit 33.1) |
33.30 Rialto Capital Advisors, LLC, as Special Servicer for the White Marsh Mall Mortgage Loan (see Exhibit 33.2) |
33.31 Wells Fargo Bank, National Association, as Certificate Administrator for the White Marsh Mall Mortgage Loan (see Exhibit 33.3) |
33.32 Wells Fargo Bank, National Association, as Custodian for the White Marsh Mall Mortgage Loan (see Exhibit 33.4) |
33.33 Pentalpha Surveillance LLC, as Trust Advisor for the White Marsh Mall Mortgage Loan |
33.34 CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant for the White Marsh Mall Mortgage Loan (see Exhibit 33.6) |
33.35 National Tax Search, LLC, as Servicing Function Participant for the White Marsh Mall 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 Park Bridge Lender Services LLC, 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 Primary Servicer for the Carolina Place Mortgage Loan (see Exhibit 34.1) |
34.9 Rialto Capital Advisors, LLC, as Special Servicer for the Carolina Place Mortgage Loan (see Exhibit 34.2) |
34.10 Wells Fargo Bank, National Association, as Certificate Administrator for the Carolina Place Mortgage Loan (see Exhibit 34.3) |
34.11 Wells Fargo Bank, National Association, as Custodian for the Carolina Place Mortgage Loan (see Exhibit 34.4) |
34.12 Park Bridge Lender Services LLC, as Trust Advisor for the Carolina Place Mortgage Loan (see Exhibit 34.5) |
34.13 CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant for the Carolina Place Mortgage Loan (see Exhibit 34.6) |
34.14 National Tax Search, LLC, as Servicing Function Participant for the Carolina Place Mortgage Loan (see Exhibit 34.7) |
34.15 Wells Fargo Bank, National Association, as Primary Servicer for the Cumberland Mall Mortgage Loan (see Exhibit 34.1) |
34.16 Rialto Capital Advisors, LLC, as Special Servicer for the Cumberland Mall Mortgage Loan (see Exhibit 34.2) |
34.17 Wells Fargo Bank, National Association, as Certificate Administrator for the Cumberland Mall Mortgage Loan (see Exhibit 34.3) |
34.18 Wells Fargo Bank, National Association, as Custodian for the Cumberland Mall Mortgage Loan (see Exhibit 34.4) |
34.19 Park Bridge Lender Services LLC, as Trust Advisor for the Cumberland Mall Mortgage Loan (see Exhibit 34.5) |
34.20 CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant for the Cumberland Mall Mortgage Loan (see Exhibit 34.6) |
34.21 National Tax Search, LLC, as Servicing Function Participant for the Cumberland Mall Mortgage Loan (see Exhibit 34.7) |
34.22 Wells Fargo Bank, National Association, as Primary Servicer for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 34.1) |
34.23 Rialto Capital Advisors, LLC, as Special Servicer for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 34.2) |
34.24 Wells Fargo Bank, National Association, as Certificate Administrator for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 34.3) |
34.25 Wells Fargo Bank, National Association, as Custodian for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 34.4) |
34.26 Park Bridge Lender Services LLC, as Trust Advisor for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 34.5) |
34.27 CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 34.6) |
34.28 National Tax Search, LLC, as Servicing Function Participant for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 34.7) |
34.29 Wells Fargo Bank, National Association, as Primary Servicer for the White Marsh Mall Mortgage Loan (see Exhibit 34.1) |
34.30 Rialto Capital Advisors, LLC, as Special Servicer for the White Marsh Mall Mortgage Loan (see Exhibit 34.2) |
34.31 Wells Fargo Bank, National Association, as Certificate Administrator for the White Marsh Mall Mortgage Loan (see Exhibit 34.3) |
34.32 Wells Fargo Bank, National Association, as Custodian for the White Marsh Mall Mortgage Loan (see Exhibit 34.4) |
34.33 Pentalpha Surveillance LLC, as Trust Advisor for the White Marsh Mall Mortgage Loan |
34.34 CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant for the White Marsh Mall Mortgage Loan (see Exhibit 34.6) |
34.35 National Tax Search, LLC, as Servicing Function Participant for the White Marsh Mall Mortgage Loan (see Exhibit 34.7) |
35 Servicer compliance statement.
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 Primary Servicer for the Carolina Place Mortgage Loan (see Exhibit 35.1) |
35.5 Rialto Capital Advisors, LLC, as Special Servicer for the Carolina Place Mortgage Loan (see Exhibit 35.2) |
35.6 Wells Fargo Bank, National Association, as Certificate Administrator for the Carolina Place Mortgage Loan (see Exhibit 35.3) |
35.7 Wells Fargo Bank, National Association, as Primary Servicer for the Cumberland Mall Mortgage Loan (see Exhibit 35.1) |
35.8 Rialto Capital Advisors, LLC, as Special Servicer for the Cumberland Mall Mortgage Loan (see Exhibit 35.2) |
35.9 Wells Fargo Bank, National Association, as Certificate Administrator for the Cumberland Mall Mortgage Loan (see Exhibit 35.3) |
35.10 Wells Fargo Bank, National Association, as Primary Servicer for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 35.1) |
35.11 Rialto Capital Advisors, LLC, as Special Servicer for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 35.2) |
35.12 Wells Fargo Bank, National Association, as Certificate Administrator for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 35.3) |
35.13 Wells Fargo Bank, National Association, as Primary Servicer for the White Marsh Mall Mortgage Loan |
35.14 Rialto Capital Advisors, LLC, as Special Servicer for the White Marsh Mall Mortgage Loan |
35.15 Wells Fargo Bank, National Association, as Certificate Administrator for the White Marsh Mall Mortgage Loan |
99.1 Mortgage Loan Purchase Agreement, dated as of July 17, 2013, among Ladder Capital Finance LLC, Ladder Capital Finance Holdings LLLP, and Wells Fargo Commercial Mortgage Securities, Inc. (filed as Exhibit 99.1 to the registrant's Current Report on Form 8-K/A filed on October 15, 2013 and incorporated by reference herein)
99.2 Mortgage Loan Purchase Agreement, dated as of July 17, 2013, 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/A filed on October 15, 2013 and incorporated by reference herein)
99.3 Mortgage Loan Purchase Agreement, dated as of July 17, 2013, between Wells Fargo Bank, National Association and Wells Fargo Commercial Mortgage Securities, Inc. (filed as Exhibit 99.3 to the registrant's Current Report on Form 8-K/A filed on October 15, 2013 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.
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 July 1, 2013, 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, tax administrator and custodian, U.S. Bank National Association, as trustee, and Park Bridge Lender Services LLC, as trust advisor (filed as Exhibit 4.1 to the registrant’s Current Report on Form 8-K/A filed on October 15, 2013 and incorporated by reference herein)
4.2 Pooling and Servicing Agreement, dated as of June 1, 2013, 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, tax administrator and custodian, U.S. Bank National Association, as trustee, and Pentalpha Surveillance LLC, as trust advisor (filed as Exhibit 99.4 to the registrant’s Current Report on Form 8-K/A filed on October 15, 2013 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 Park Bridge Lender Services LLC, 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 Carolina Place Mortgage Loan (see Exhibit 33.1) |
33.9 Rialto Capital Advisors, LLC, as Special Servicer for the Carolina Place Mortgage Loan (see Exhibit 33.2) |
33.10 Wells Fargo Bank, National Association, as Certificate Administrator for the Carolina Place Mortgage Loan (see Exhibit 33.3) |
33.11 Wells Fargo Bank, National Association, as Custodian for the Carolina Place Mortgage Loan (see Exhibit 33.4) |
33.12 Park Bridge Lender Services LLC, as Trust Advisor for the Carolina Place Mortgage Loan (see Exhibit 33.5) |
33.13 CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant for the Carolina Place Mortgage Loan (see Exhibit 33.6) |
33.14 National Tax Search, LLC, as Servicing Function Participant for the Carolina Place Mortgage Loan (see Exhibit 33.7) |
33.15 Wells Fargo Bank, National Association, as Primary Servicer for the Cumberland Mall Mortgage Loan (see Exhibit 33.1) |
33.16 Rialto Capital Advisors, LLC, as Special Servicer for the Cumberland Mall Mortgage Loan (see Exhibit 33.2) |
33.17 Wells Fargo Bank, National Association, as Certificate Administrator for the Cumberland Mall Mortgage Loan (see Exhibit 33.3) |
33.18 Wells Fargo Bank, National Association, as Custodian for the Cumberland Mall Mortgage Loan (see Exhibit 33.4) |
33.19 Park Bridge Lender Services LLC, as Trust Advisor for the Cumberland Mall Mortgage Loan (see Exhibit 33.5) |
33.20 CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant for the Cumberland Mall Mortgage Loan (see Exhibit 33.6) |
33.21 National Tax Search, LLC, as Servicing Function Participant for the Cumberland Mall Mortgage Loan (see Exhibit 33.7) |
33.22 Wells Fargo Bank, National Association, as Primary Servicer for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 33.1) |
33.23 Rialto Capital Advisors, LLC, as Special Servicer for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 33.2) |
33.24 Wells Fargo Bank, National Association, as Certificate Administrator for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 33.3) |
33.25 Wells Fargo Bank, National Association, as Custodian for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 33.4) |
33.26 Park Bridge Lender Services LLC, as Trust Advisor for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 33.5) |
33.27 CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 33.6) |
33.28 National Tax Search, LLC, as Servicing Function Participant for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 33.7) |
33.29 Wells Fargo Bank, National Association, as Primary Servicer for the White Marsh Mall Mortgage Loan (see Exhibit 33.1) |
33.30 Rialto Capital Advisors, LLC, as Special Servicer for the White Marsh Mall Mortgage Loan (see Exhibit 33.2) |
33.31 Wells Fargo Bank, National Association, as Certificate Administrator for the White Marsh Mall Mortgage Loan (see Exhibit 33.3) |
33.32 Wells Fargo Bank, National Association, as Custodian for the White Marsh Mall Mortgage Loan (see Exhibit 33.4) |
33.33 Pentalpha Surveillance LLC, as Trust Advisor for the White Marsh Mall Mortgage Loan |
33.34 CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant for the White Marsh Mall Mortgage Loan (see Exhibit 33.6) |
33.35 National Tax Search, LLC, as Servicing Function Participant for the White Marsh Mall 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 Park Bridge Lender Services LLC, 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 Primary Servicer for the Carolina Place Mortgage Loan (see Exhibit 34.1) |
34.9 Rialto Capital Advisors, LLC, as Special Servicer for the Carolina Place Mortgage Loan (see Exhibit 34.2) |
34.10 Wells Fargo Bank, National Association, as Certificate Administrator for the Carolina Place Mortgage Loan (see Exhibit 34.3) |
34.11 Wells Fargo Bank, National Association, as Custodian for the Carolina Place Mortgage Loan (see Exhibit 34.4) |
34.12 Park Bridge Lender Services LLC, as Trust Advisor for the Carolina Place Mortgage Loan (see Exhibit 34.5) |
34.13 CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant for the Carolina Place Mortgage Loan (see Exhibit 34.6) |
34.14 National Tax Search, LLC, as Servicing Function Participant for the Carolina Place Mortgage Loan (see Exhibit 34.7) |
34.15 Wells Fargo Bank, National Association, as Primary Servicer for the Cumberland Mall Mortgage Loan (see Exhibit 34.1) |
34.16 Rialto Capital Advisors, LLC, as Special Servicer for the Cumberland Mall Mortgage Loan (see Exhibit 34.2) |
34.17 Wells Fargo Bank, National Association, as Certificate Administrator for the Cumberland Mall Mortgage Loan (see Exhibit 34.3) |
34.18 Wells Fargo Bank, National Association, as Custodian for the Cumberland Mall Mortgage Loan (see Exhibit 34.4) |
34.19 Park Bridge Lender Services LLC, as Trust Advisor for the Cumberland Mall Mortgage Loan (see Exhibit 34.5) |
34.20 CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant for the Cumberland Mall Mortgage Loan (see Exhibit 34.6) |
34.21 National Tax Search, LLC, as Servicing Function Participant for the Cumberland Mall Mortgage Loan (see Exhibit 34.7) |
34.22 Wells Fargo Bank, National Association, as Primary Servicer for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 34.1) |
34.23 Rialto Capital Advisors, LLC, as Special Servicer for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 34.2) |
34.24 Wells Fargo Bank, National Association, as Certificate Administrator for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 34.3) |
34.25 Wells Fargo Bank, National Association, as Custodian for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 34.4) |
34.26 Park Bridge Lender Services LLC, as Trust Advisor for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 34.5) |
34.27 CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 34.6) |
34.28 National Tax Search, LLC, as Servicing Function Participant for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 34.7) |
34.29 Wells Fargo Bank, National Association, as Primary Servicer for the White Marsh Mall Mortgage Loan (see Exhibit 34.1) |
34.30 Rialto Capital Advisors, LLC, as Special Servicer for the White Marsh Mall Mortgage Loan (see Exhibit 34.2) |
34.31 Wells Fargo Bank, National Association, as Certificate Administrator for the White Marsh Mall Mortgage Loan (see Exhibit 34.3) |
34.32 Wells Fargo Bank, National Association, as Custodian for the White Marsh Mall Mortgage Loan (see Exhibit 34.4) |
34.33 Pentalpha Surveillance LLC, as Trust Advisor for the White Marsh Mall Mortgage Loan |
34.34 CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant for the White Marsh Mall Mortgage Loan (see Exhibit 34.6) |
34.35 National Tax Search, LLC, as Servicing Function Participant for the White Marsh Mall Mortgage Loan (see Exhibit 34.7) |
35 Servicer compliance statement.
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 Primary Servicer for the Carolina Place Mortgage Loan (see Exhibit 35.1) |
35.5 Rialto Capital Advisors, LLC, as Special Servicer for the Carolina Place Mortgage Loan (see Exhibit 35.2) |
35.6 Wells Fargo Bank, National Association, as Certificate Administrator for the Carolina Place Mortgage Loan (see Exhibit 35.3) |
35.7 Wells Fargo Bank, National Association, as Primary Servicer for the Cumberland Mall Mortgage Loan (see Exhibit 35.1) |
35.8 Rialto Capital Advisors, LLC, as Special Servicer for the Cumberland Mall Mortgage Loan (see Exhibit 35.2) |
35.9 Wells Fargo Bank, National Association, as Certificate Administrator for the Cumberland Mall Mortgage Loan (see Exhibit 35.3) |
35.10 Wells Fargo Bank, National Association, as Primary Servicer for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 35.1) |
35.11 Rialto Capital Advisors, LLC, as Special Servicer for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 35.2) |
35.12 Wells Fargo Bank, National Association, as Certificate Administrator for the 100 & 150 South Wacker Drive Mortgage Loan (see Exhibit 35.3) |
35.13 Wells Fargo Bank, National Association, as Primary Servicer for the White Marsh Mall Mortgage Loan |
35.14 Rialto Capital Advisors, LLC, as Special Servicer for the White Marsh Mall Mortgage Loan |
35.15 Wells Fargo Bank, National Association, as Certificate Administrator for the White Marsh Mall Mortgage Loan |
99.1 Mortgage Loan Purchase Agreement, dated as of July 17, 2013, among Ladder Capital Finance LLC, Ladder Capital Finance Holdings LLLP, and Wells Fargo Commercial Mortgage Securities, Inc. (filed as Exhibit 99.1 to the registrant's Current Report on Form 8-K/A filed on October 15, 2013 and incorporated by reference herein)
99.2 Mortgage Loan Purchase Agreement, dated as of July 17, 2013, 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/A filed on October 15, 2013 and incorporated by reference herein)
99.3 Mortgage Loan Purchase Agreement, dated as of July 17, 2013, between Wells Fargo Bank, National Association and Wells Fargo Commercial Mortgage Securities, Inc. (filed as Exhibit 99.3 to the registrant's Current Report on Form 8-K/A filed on October 15, 2013 and incorporated by reference herein)
Rule 13a-14(d)/15d-14(d) Certifications.
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 2013-LC12 (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, Park Bridge Lender Services LLC, 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 for the White Marsh Mall Mortgage Loan, U.S. Bank National Association, as Trustee for the White Marsh Mall Mortgage Loan, Pentalpha Surveillance LLC, as Trust Advisor for the White Marsh Mall Mortgage Loan, CoreLogic Commercial Real Estate Services, Inc., as Servicing Function Participant for the White Marsh Mall Mortgage Loan, and National Tax Search, LLC, as Servicing Function Participant for the White Marsh Mall Mortgage Loan
Dated: March 30, 2015
/s/ Anthony Sfarra
Anthony Sfarra, President
(senior officer in charge of securitization of the depositor)
(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 |
INAPPLICABLE |
|||
Reference |
Criteria |
Performed Directly |
Performed by |
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). |
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 |
||
|
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
(logo) WELLS |
Corporate Trust Services 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 |
(logo) WELLS |
Wells Fargo Bank, N.A. 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 |
(logo) PARK BRIDGE LENDER SERVICES LLC
February 20, 2015
RE: Management’s Report on Assessment of 2014 Compliance by
Park Bridge Lender Services LLC with Regulation AB Servicing Criteria
Park Bridge Lender Services LLC (the “Asserting Party”) is responsible for assessing its compliance, as of and for the period ended December 31, 2014, with the servicing criteria set forth in Title 17, Section 229.1122(d) of the Code of Federal Regulations.
The transactions covered by this assertion are those transactions processed by the Asserting Party in its capacity as trust or operating advisor for the asset-backed securities transactions listed in Exhibit A hereto (the “Platform”).
The Asserting Party is responsible for assessing its compliance with the servicing criteria applicable to it. 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. The full outline of the Asserting Party’s contractually applicable servicing criteria under various securitization pooling and servicing agreements can be found in Exhibit B attached hereto.
Based on its assessment, the Asserting Party believes that, as of and for the periods the contractual obligations existed in calendar year ending 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 trust or operating advisor role with respect to the Platform, except for servicing criteria 1122(d)(1)(i-iv), 1122(d)(2)(i-vii), 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 (the “applicable servicing criteria”).
Curcio, Wieselthier & Cohen CPA’s, PC, 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.
Signed:
/s/ David M. Rodgers
David M. Rodgers
Principal
560 LEXINGTON AVENUE, 17TH FLOOR, NEW YORK, NY 10022
WWW.PARKBRIDGEFINANCIAL.COM
Asserting Party's 2014 Servicing Platform |
||||
Applicable Certification Period |
||||
Securitization Transaction |
Start Date |
|
End Date |
|
COMM 2012-LC4 |
|
January 01, 2014 |
to |
December 31, 2014 |
COMM 2012-CCRE2 |
January 01, 2014 |
to |
December 31, 2014 |
|
UBS-B 2012-C3 |
|
January 01, 2014 |
to |
December 31, 2014 |
COMM 2012-CCRE4 |
January 01, 2014 |
to |
December 31, 2014 |
|
COMM 2012-CCRE5 |
January 01, 2014 |
to |
December 31, 2014 |
|
COMM 2013-LC6 |
|
January 01, 2014 |
to |
December 31, 2014 |
COMM 2013-CCRE6 |
January 01, 2014 |
to |
December 31, 2014 |
|
JPMCC 2013-C10 |
|
January 01, 2014 |
to |
December 31, 2014 |
COMM 2013-CCRE7 |
January 01, 2014 |
to |
December 31, 2014 |
|
UBSBB 2013-C6 |
|
January 01, 2014 |
to |
December 31, 2014 |
COMM 2013-CCRE8 |
January 01, 2014 |
to |
December 31, 2014 |
|
MSBAM 2013-C10 |
|
January 01, 2014 |
to |
December 31, 2014 |
COMM 2013-CCRE9 |
January 01, 2014 |
to |
December 31, 2014 |
|
WFCM 2013-LC12 |
|
January 01, 2014 |
to |
December 31, 2014 |
COMM 2013-CCRE10 |
January 01, 2014 |
to |
December 31, 2014 |
|
COMM 2013-LC13 |
|
January 01, 2014 |
to |
December 31, 2014 |
COMM 2013-CCRE11 |
January 01, 2014 |
to |
December 31, 2014 |
|
COMM 2013-CCRE12 |
January 01, 2014 |
to |
December 31, 2014 |
|
WFRBS 2013-UBS1 |
|
January 01, 2014 |
to |
December 31, 2014 |
GSMS 2014-GC18 |
|
February 03, 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 |
COMM 2014-CCRE15 |
February 19, 2014 |
to |
December 31, 2014 |
|
COMM 2014-UBS2 |
|
March 18, 2014 |
to |
December 31, 2014 |
COMM 2014-CCRE16 |
April 09, 2014 |
to |
December 31, 2014 |
|
COMM 2014-CCRE17 |
May 13, 2014 |
to |
December 31, 2014 |
|
CGCMT 2014-GC21 |
May 22, 2014 |
to |
December 31, 2014 |
|
COMM 2014-UBS3 |
|
June 04, 2014 |
to |
December 31, 2014 |
COMM 2014-UBS4 |
|
July 31, 2014 |
to |
December 31, 2014 |
COMM 2014-CCRE19 |
August 21, 2014 |
to |
December 31, 2014 |
|
COMM 2014-LC17 |
|
September 29, 2014 |
to |
December 31, 2014 |
MSBAM 2014-C18 |
|
September 30, 2014 |
to |
December 31, 2014 |
CGCMT 2014-GC25 |
October 24, 2014 |
to |
December 31, 2014 |
|
COMM 2014-CCRE20 |
October 30, 2014 |
to |
December 31, 2014 |
|
COMM 2014-CCRE21 |
December 19, 2014 |
to |
December 31, 2014 |
|
MSBAM 2014-C19 |
|
December 19, 2014 |
to |
December 31, 2014 |
WFCM 2014-LC18 |
|
December 30, 2014 |
to |
December 31, 2014 |
Exhibit B
Regulation AB Section 229.1122(d) Servicing Criteria
Regulation AB Reference |
Servicing Criterion |
Performed by Park Bridge1 |
Not Applicable to Park Bridge2 |
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 backup 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 |
1122(d)(2)(i) |
Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts within no more than two business days of 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 Section 240.13k-1 (b)(1) of this chapter. |
|
X |
1122(d)(2)(vi) |
Unissued checks were 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: (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. |
|
X |
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. |
X |
|
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. |
X |
|
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. |
X3 |
X4 |
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 mortgage loans serviced by the servicer. |
X3 |
X4 |
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. |
|
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 canceled checks, or other form of payment, or custodial bank statements. |
|
X |
1122(d)(4)(i) |
Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents. |
|
X |
1122(d)(4)(ii) |
Pool assets 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 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. |
|
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 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. |
|
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 time frames 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 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. |
|
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. |
|
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 The criteria in the column “Performed by Park Bridge” and marked with an “X” is applicable for the Transactions unless otherwise noted; however, there were no specially serviced loans under the related Transactions during the reporting period. Therefore, no trust/operating advisor actions were required.
2 The criteria in the column “Not Applicable to Park Bridge” and marked with an “X” was not within the scope of the Asserting Party’s duties in the Transactions.
3 Applicable only to the Transactions listed in Table 2 below.
4 Not applicable to Transactions other than the Transactions identified in Note 3 above.
Table 2
COMM 2012-LC4 |
COMM 2012 CCRE2 |
COMM 2012 CCRE4 |
COMM 2012-CCRE5 |
COMM 2013-CCRE7 |
COMM 2013-CCRE9 |
COMM 2013-LC6 |
COMM 2013-LC13 |
COMM 2013-CCRE11 |
(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. |
(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
(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 |
(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. |
(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
(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. |
(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. |
(logo) CURCIO
WIESELTHIER
+COHEN
CERTIFIED PUBLIC ACCOUNTANTS PC 7 PENN PLAZA, SUITE 1500 NEW YORK NY 10001
TEL: 212 557-9800 • FAX: 212 557-9819 • website: www.cwccpafirm.com
Report of Independent Registered Public Accounting Firm
Managing Member
Park Bridge Lender Services LLC
New York, NY
We have examined management’s assertion, included in the accompanying Management’s Report on Assessment of 2014 Compliance by Park Bridge Lender Services LLC with Regulation AB Servicing Criteria (“Management’s Report”), that Park Bridge Lender Services LLC (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, excluding those criteria noted as not applicable (N/A) within Exhibit B to Management’s Report. The transactions covered by this report are only those transactions processed by the Company in its capacity as trust advisor or operating advisor for the asset backed securities transactions (the “Platform”) identified in Management’s Report. Reference Exhibit A to Management’s Report 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 based on our examination.
Our examination was conducted in accordance with attestation standards of the Public Company Accounting Oversight Board (United States) and, accordingly, including 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 a selected sample of the servicing activities related to the Platform, determining whether the Company performed those selected activities in compliance with the applicable servicing criteria during the specified period. Our procedures were limited to the selected transactions and servicing activities performed by the Company during the period covered by this report. Our examination was not designed to detect material noncompliance arising from errors that may have occurred prior to or subsequent to our tests, 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 the Company complied with the aforementioned applicable servicing criteria identified in Exhibit B to Management’s Report with respect to the transactions identified in Exhibit A to Management’s Report as of and for the year ended December 31, 2014, for the Platform, is fairly stated in all material aspects.
/s/ Curcio, Wieselthier & Cohen, C.P.A.’S, P.C.
Curcio, Wieselthier & Cohen, C.P.A.’S, P.C.
New York, NY
February 20, 2015
MEMBER OF THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
(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
(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
|
|
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.
(logo) WELLS |
Commercial Mortgage Servicing D1086-120, 12th Floor 55 0 South Tryon Street Charlotte, NC 28202 1-800-326-1334 |
ANNUAL STATEMENT OF COMPLIANCE
Reference is hereby made to that certain Trust and Servicing Agreement dated as of July 1, 2013, 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, PARK BRIDGE LENDER SERVICES LLC, as Trust Advisor, WELLS FARGO BANK, NATIONAL ASSOCIATION as Certificate Administrator, as Tax Administrator, and Custodian, and U.S. BANK NATIONAL ASSOCIATION, as Trustee, with respect to Commercial Mortgage Pass-Through Certificates Series 2013-LC12 (the "Agreement"). Capitalized terms used herein not otherwise defined shall have the meanings assigned in the Agreement.
Pursuant to Section 10.12 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 Servicer during the period from June 1, 2014 through December 31, 2014 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 Servicer, has fulfilled all of its obligations under this 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
(logo) Rialto CAPITAL |
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2014 Annual Statement of Servicer Compliance (Item 1123)
Pooling and Servicing Agreement (the “Pooling and Servicing Agreement”) dated as of July 1, 2013 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, Park Bridge Lender Services, LLC, as Trust Advisor and U.S. Bank National Association as Trustee relating to the Wells Fargo Commercial Mortgage Trust 2013-LC12, Commercial Mortgage Pass-Through Certificates, Series 2013-LC12 (WFCM 2013-LC12)
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
(logo) WELLS |
Corporate Trust Services Columbia, MD 21045
Tel: 410 884 2000 Fax: 410 715 2380 |
Wells Fargo Commercial Mortgage Securities, Inc.
c/o Wells 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 Trust
2013-LC12, Commercial Mortgage Pass-Through Certificates, Series 2013-LC12
Per the Pooling and Servicing Agreement dated as of July 1, 2013 (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. |
(logo) WELLS |
Commercial Mortgage Servicing D1086-120, 12th Floor 55 0 South Tryon Street Charlotte, NC 28202 1-800-326-1334 |
ANNUAL STATEMENT OF COMPLIANCE
Reference is hereby made to that certain Pooling and Servicing Agreement dated as of June 1, 2013, 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 Service r, PENTALPHA SURVEILLANCE LLC, 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, with respect to Commercial Mortgage Pass-Through Certificates WFRBS Series 2013- C14 (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 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 Servicer, has fulfilled all of its obligations under this 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
Wells Fargo Bank, N.A. |
(logo) Together we’ll go far |
(logo) Rialto CAPITAL |
|
2014 Annual Statement of Servicer Compliance (Item 1123)
Pooling and Servicing Agreement (the “Pooling and Servicing Agreement”) dated as of June 1, 2013 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 U.S. Bank National Association as Trustee relating to the WFRBS Commercial Mortgage Trust 2013-C14, Commercial Mortgage Pass-Through Certificates, Series 2013-C14 (WFRBS 2013-C14)
The undersigned, a duly authorized officer of Rialto Capital Advisors, LLC, as special servicer (the “Special Servicer”) herein certifies to the following:
4. All servicing activities and performance of such servicing activities under the Pooling and Servicing Agreement are performed on behalf of the Special Servicer.
5. 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.
6. 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
(logo) WELLS |
Corporate Trust Services Columbia, MD 21045
Tel: 410 884 2000 Fax: 410 715 2380 |
Wells Fargo Commercial Mortgage Securities, Inc.
c/o Wells Fargo Securities, LLC
375 Park Avenue 2nd floor
J0127-023
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 (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 3, 2015
/s/ Brian Smith
BRIAN SMITH
Vice President
To: Wells Fargo Commercial Mortgage Securities, Inc.
Schedule A
List of Servicing Agreement(s) and Series
Pooling and Servicing Agreement dated as of June 1, 2013, 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 Service r, PENTALPHA SURVEILLANCE LLC, 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, with respect to Commercial Mortgage Pass-Through Certificates WFRBS Series 2013- C14 relating to the White Marsh Mall Loan combination, a pari passu portion of which is included in the Series WFRBS 2013-LC12 Commercial Mortgage Pass-Through Certificates transaction.
To: Wells Fargo Commercial Mortgage Securities, Inc.
Schedule B
Material Non-Compliance with Servicing Obligations
Not Applicable