EX-33.27 10 bmk21b30_33-27.htm bmk21b30_33-27.htm - Generated by SEC Publisher for SEC Filing

(logo) SitusAMC

 

 

MANAGEMENT'S REPORT ON ASSESSMENT OF COMPLIANCE WITH SEC REGULATION AB SERVICING CRITERIA

 

1.        Situs Holdings, LLC (the “Company”), a wholly-owned subsidiary of SitusAMC Holdings Corporation (“SitusAMC”), is responsible for assessing compliance with the servicing criteria applicable to it under paragraph (d) of Item 1122 of Regulation AB of the Securities and Exchange Commission (“SEC”), as of and for the year ended December 31, 2021 (the “Reporting Period”), as set forth in Appendix A hereto. The transactions covered by this report (collectively referred to as the “Special Servicing Platform” or the “Platform”) include asset-backed transactions and securities. This includes the asset-backed transactions and securities for which Situs Holdings, LLC served in the capacity of special servicer as defined in Appendix B.

 

2.        Except as set forth in paragraph 3 below, the Company used the criteria set forth in paragraph (d) of Item 1122 of Regulation AB to provide an assertion on the Company’s assessment of compliance with the applicable servicing criteria.

 

3.        The criteria listed in the column titled “Inapplicable Servicing Criteria” in Appendix A hereto are inapplicable to the Company based on the activities it performed, directly or through its Vendors, with respect to the Platform for the Reporting Period.

 

4.        During the Reporting Period, there were no payments on asset pools received, nor any payments received where the depository responsibility of Situs Holdings, LLC, as Special Servicer, would require deposits be made to the operating account, therefore the Company did not perform any servicing activities related to criteria 1122(d)(2)(i) as of and for the year ended December 31, 2021.

 

5.        During the Reporting Period, there were no wire disbursements sent or required to be sent, therefore the Company did not perform any servicing activities related to criteria 1122(d)(2)(ii) as of and for the year ended December 31, 2021.

 

6.        During the Reporting Period, there were no additions, removals, or substitutions to the asset pools, therefore the Company did not perform any servicing activities related to criteria 1122(d)(4)(iii) as of and for the year ended December 31, 2021.

 

7.        During the Reporting Period, there were no active assets carrying an escrow balance maintained by Situs Holdings, LLC or escrow disbursements due to be paid by Situs Holdings, LLC therefore the Company did not perform any servicing activities related to criteria 1122(d)(4)(x-xiii) as of and for the year ended December 31, 2021.

 

8.        During the Reporting Period, there were no loans charged off or accounts determined to be uncollectible, therefore the Company did not perform any servicing activities related to criteria 1122(d)(4)(xiv) as of and for the year ended December 31, 2021.

 

9.        With respect to servicing criteria 1122(d)(2)(vii), the Company has engaged various vendors to perform some or all of the activities required by these servicing criteria. Management has determined that these vendors are not considered a “servicer” as defined in Item 1101(j) of Regulation AB, and has elected to take responsibility for assessing compliance with the servicing criteria applicable to each vendor as permitted by the SEC’s Compliance & Disclosure Interpretation 200.06, Vendors Engaged by Servicers (“C&DI 200.06”), formerly Interpretation 17.06 of the SEC Division of Corporation Finance Manual of Publicly Available Telephone Interpretations. As permitted by C&DI 200.06, management asserts 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 criteria applicable to each vendor. Management is not aware of any material deficiencies in such policies and procedures or any material instances of non-compliance of the servicing criteria as relates to the Company by such vendors. Management is solely responsible for determining that it meets the SEC requirements to apply C&DI 200.06 for the vendors and related criteria. 

 

10.     The Company has complied, in all material respects, with the applicable servicing criteria set forth in Item 1122(d) of Regulation AB, as of and the year ended December 31, 2021 with respect to the Platform taken as a whole.

 

11.     Grant Thornton LLP, an independent registered public accounting firm, has issued an attestation report on the Company’s assertion on compliance with the applicable servicing criteria for the Reporting Period.

 

 

Situs Holdings, LLC 

February 28, 2022

 

/s/ Dean M Wheeler

Dean Wheeler, Managing Director, Head of Client Service Delivery –

Servicing, Asset Management & Special Servicing 

 

 

Appendix A – Applicable Servicing Criteria

 

SERVICING CRITERIA

APPLICABLE SERVICING CRITERIA

INAPPLICABLE SERVICING CRITERIA

Reference

Criteria

Performed

Directly by

Situs

Holdings,

LLC

Performed by

Vendor(s) for which Situs

Holdings, LLC

is the

Responsible

Party

Performed by subservicer(s)

or Vendor(s)

for which Situs

Holdings, LLC

is NOT the

Responsible

Party

NOT

performed by

Situs Holdings,

LLC or by subservicer(s)

or Vendor(s) retained by

Situs Holdings,

LLC

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

     

1122(d)(1)(v)

Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information.

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 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

   

 

122(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 §240.13k-1(b)(1) of this chapter.

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: (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.

X1

X1

 

 

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 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 mortgage loans (e.g., loan modifications or re-aging's) 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, foreclosure 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) See following: (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 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 this Regulation AB, is maintained as set forth in the transaction agreements.

     

X

 

 

1 Servicing activities associated with criterion 1122(d)(2)(vii) are performed by Situs Holdings, LLC and a third party vendor for which Situs Holdings, LLC is the responsible party.

 

2 For criterion 1122(d) (3)(i)(B-D), Situs Holdings, LLC did not perform the activity described in this criterion for the Reporting Period as these components of 1122(d)(3)(i) are inapplicable to the functions performed by Situs Holdings, LLC. No assertion on compliance, therefore, is necessary.

 

 

APPENDIX B – The Platform

 

Situs Holdings, LLC was named as the Special Servicer for all portfolios listed below. However, there was only activity requiring Situs Holdings, LLC to perform the role as Special Servicer for the portfolios designated with a “X” throughout the period 1/1/2021 – 12/31/2021.

 

 

Portfolio

Servicing Agreement Date

Special Servicing activity required as of and for the year ended December 31, 2021

AFHT 2019-FAIR

October 15, 2019

X

ACREC 2021-FL1

October 15, 2021

 

BACM 2015-UBS7

September 1, 2015

 

BACM 2017-BNK3

February 1, 2017

 

BAMLL 2013-WBRK

April 1, 2013

 

BAMLL 2015-200P

April 23, 2015

 

BAMLL 2015-ASTR

August 18, 2015

 

BAMLL 2015-HAUL

August 13, 2015

 

BAMLL 2016-SS1

February 17, 2016

 

BAMLL 2017-SCH

December 15, 2017

 

BAMLL 2018-PARK

September 12, 2018

 

BAMLL 2019-BPR

December 17, 2019

 

BAMLL 2020-JGDN

November 16, 2020

 

BANC OF CA 2019-Q010

July 1, 2019

 

BANK 2018-BNK12

May 1, 2018

 

BANK 2019-BNK17

April 1, 2019

X

BANK 2019-BNK18

May 1, 2019

X

BBCMS 2016-ETC

August 1, 2016

 

BBCMS 2017-DELC

August 29, 2017

 

BCP 2021-330N

June 29, 2021

 

BPCRE 2021-FL1

March 4, 2021

X

BFLD 2019-DPLO

October 9, 2019

 

BFLD 2020-EYP

October 7, 2020

 

BGME 2021-VR

April 21, 2021

 

BLOX 2021-BLOX

August 31, 2021

 

BMARK 2020-IG1

February 1, 2020

X

BMARK 2020-IG2

May 1, 2020

X

BMARK 2020-IG3

May 1, 2020

 

BMARK 2021-B23

February 1, 2021

 

BMARK 2021-B25

April 1, 2021

 

BMARK 2021-B26

May 1, 2021

 

BPCRE 2021-FL1

March 4, 2021

X

BPR 2021-KEN

February 25, 2021

 

BSPDF 2021-FL1

October 15, 2021

 

BSPRT 2018-FL3

April 5, 2018

 

BSPRT 2018-FL4

October 12, 2018

 

BSPRT 2019-FL5

May 30, 2019

 

BWAY 2019-1633

December 20, 2019

 

BX 2018-BILT

May 24, 2018

 

BX 2018-BIOA

March 9, 2018

 

BX 2018-EXCL

October 15, 2018

 

BX 2018-GW

May 22, 2018

 

BX 2019-CALM

December 12, 2019

 

BX 2019-OC11

December 1, 2019

 

BX 2019-RP

June 27, 2019

 

BX 2019-XL

October 9, 2019

 

BX 2020-VIVA

May 5, 2020

 

BX 2021-21M

November 8, 2021

 

BX 2021-ARIA

October 28, 2021

 

BX 2021-PAC

November 2, 2021

 

BX 2021-VINO

May 27, 2021

 

BX 2021-VOLT

September 9, 2021

 

BXHPP 2021-FILM

August 26, 2021

 

BXP 2021-601L

December 29, 2021

 

CAF 2016-1

May 1, 2016

X

CAF 2016-2

November 15, 2016

X

CAF 2018-1

June 9, 2018

X

CAF 2019-1

April 9, 2019

X

CAF 2019-2

July 9, 2019

X

CAF 2019-3

November 9, 2019

X

CAF 2020-1

March 9, 2020

X

CAF 2020-2

May 9, 2020

X

CAF 2020-3

September 9, 2020

 

CAF 2020-4

December 9, 2020

X

CAF 2020-P1

November 19, 2020

 

CAF 2021-1

April 9, 2021

X

CAF 2021-2

July 9, 2021

 

CAF 2021-3

October 9, 2021

 

CAMB 2021-CX2

November 9, 2021

 

CD 2017-CD5

August 1, 2017

X

CFCRE 2016-C6

November 1, 2016

 

CFCRE 2018-TAN

February 6, 2018

X

CGCMT 2017-P8

September 1, 2017

X

CGCMT 2018-TBR

January 9, 2018

 

CGCMT 2020-420K

November 6, 2020

 

CGCMT 2021-PRM2

October 9, 2021

 

CITIBANK 2020-Q012

August 1, 2020

 

COLD 2020-ICE5

October 29, 2020

 

COMM 2013-300P

August 1, 2013

 

COMM 2013-CCRE7

April 1, 2013

X

COMM 2016-667M

October 6, 2016

 

COMM 2018-HOME

June 1, 2018

 

COMM 2019-521F

June 20, 2019

 

COMM 2019-WCM

October 30, 2019

 

COMM 2020-CX

November 5, 2020

 

COMM 2020-SBX

December 30, 2020

 

COMM 2021-2400

December 15, 2021

 

CSAIL 2015-C1

March 1, 2015

 

CSAIL 2015-C3

August 1, 2015

 

CSAIL 2017-C8

June 1, 2017

X

CSAIL 2017-CX10

November 1, 2017

X

CSAIL 2017-CX9

September 1, 2017

X

CSAIL 2019-C16

June 1, 2019

X

CSAIL 2019-C17

September 1, 2019

X

CSMC 2006-C1

March 1, 2006

X

CSMC 2017-CALI

November 6, 2017

X

CSMC 2017-LSTK

May 1, 2017

X

CSMC 2017-MOON

July 6, 2017

 

CSMC 2019-ICE4

June 5, 2019

 

CSMC 2019-UVIL

December 6, 2019

 

CSMC 2021-BHAR

November 23, 2021

 

DAFC 2017-AMO

June 20, 2017

 

DBGS 2018-BIOD

June 26, 2018

 

DBGS 2019-1735

April 6, 2019

 

DBJPM 2017-C6

June 1, 2017

X

DBUBS 2017-BRBK

October 1, 2017

 

DBWF 2016-85T

December 21, 2016

 

DBWF 2018-AMXP

May 1, 2018

 

DOLP 2021-NYC

April 20, 2021

 

ESA 2021-ESH

July 8, 2021

 

FIRST FOUNDATION 2018-Q007

September 1, 2018

X

FIRST FOUNDATION 2019-Q011

September 1, 2019

X

FIRST FOUNDATION 2020-Q013

September 1, 2020

 

FIRST FOUNDATION 2021-Q016

September 1, 2021

 

FIRST REPUBLIC 2018-Q008

December 1, 2018

 

FMBT 2019-FBLU

December 6, 2019

 

FREMF 2017-K67

September 1, 2017

 

FRESB 2015-SB8

November 1, 2015

 

FRESB 2016-SB19

July 1, 2016

X

FRESB 2019-SB60

March 1, 2019

X

GACM 2019-FL1

June 6, 2019

 

GACM 2020-FL2

June 5, 2020

 

GCT 2021-GCT

February 5, 2021

 

GRACE 2020-GRCE

November 18, 2020

 

GREAT WOLF 2019-WOLF

December 30, 2019

 

GSMS 2017-375H

September 6, 2017

 

GSMS 2017-485L

February 6, 2017

 

GSMS 2017-FARM

December 29, 2017

 

GSMS 2017-STAY

August 15, 2017

 

GSMS 2019-70P

October 23, 2019

 

HAMLET 2020-CRE1

May 1, 2020

X

HBST 2015-HBS

November 1, 2015

X

HFX 2017-1

March 30, 2020

X

HONO 2021-LULU

October 15, 2021

 

HY 2016-10HY

August 6, 2016

 

HY 2019-30HY

July 6, 2019

 

IMT 2017-APTS

July 9, 2017

 

IPT 2018-INDP

June 11, 2018

 

JAX 2019-LIC

November 15, 2019

 

JPMCC 2017-245P

May 30, 2017

X

JPMCC 2017-C7

October 1, 2017

X

JPMCC 2017-JP6

June 1, 2017

X

JPMCC 2017-JP7

July 1, 2017

X

JPMCC 2018-AON

June 29, 2018

 

JPMCC 2018-BCON

February 1, 2018

 

JPMCC 2018-PHH

August 7, 2018

X

JPMCC 2018-PTC

May 16, 2018

 

JPMCC 2019-ICON

April 1, 2019

X

JPMCC 2019-MFP

July 18, 2019

 

JPMCC 2019-OSB

June 13, 2019

 

JPMCC 2019-COR5

June 1, 2019

X

JPMCC 2020-LOOP

February 5, 2020

X

JPMCC 2021-1MEM

October 14, 2021

 

JPMCC 2021-2NU

January 29, 2021

 

JPMCC 2021-410T

March 12, 2021

 

KNDL 2019-KNSQ

May 30, 2019

 

LCCM 2021-FL2

July 13, 2021

 

LCCM 2021-FL3

December 2, 2021

 

LIFE 2021-BMR

March 30, 2021

 

LNCR 2018-CRE1

June 5, 2018

X

LNCR 2019-CRE2

May 30, 2019

 

LNCR 2019-CRE3

May 30, 2019

 

LNCR 2021-CRE4

February 5, 2021

 

LNCR 2021-CRE5

June 3, 2021

 

LNCR 2021-CRE6

November 4, 2021

 

LUTHER BURBANK 2017-Q004

September 1, 2017

 

LUXE 2021-TRIP

October 19, 2021

 

MANHATTAN WEST 2020-1MW

August 28, 2020

 

MBRT 2019-MARG

May 30, 2019

 

MBRT 2019-MBR

December 19, 2019

 

MERCHANTS BANK 2021-Q015

May 1, 2021

 

MERIT 2020-HILL

August 31, 2020

 

MEZZ CAP 2006-C4

December 1, 2006

X

MFTII 2019-B3B4

July 11, 2019

 

MKT 2020-525M

February 26, 2020

 

MSC 2011-C2

June 1, 2011

X

MSC 2018-SUN

August 2, 2018

X

MSC 2019-H7

July 1, 2019

 

MSC 2019-L3

November 1, 2019

 

MSCI 2013-ALTM

March 1, 2013

 

MTK 2021-GRNY

December 15, 2021

 

NCMS 2018-ALXA

February 23, 2018

 

NCMS 2018-FL1

July 6, 2018

 

NCMS 2019-LVL

April 23, 2019

 

NCMS 2019-NEMA

March 29, 2019

 

NYO 2021-1290

November 16, 2021

 

OPUS BANK 2016-Q003

December 1, 2016

 

PATH 2021-1

August 13, 2021

 

PFP 2021-7

March 25, 2021

 

PFP 2021-8

September 30, 2021

 

PRIMA 2013-III

September 30, 2013

 

PRIMA 2015-IV

March 17, 2015

 

PRIMA 2016-VI

December 16, 2016

 

PRIMA 2019-1S

August 23, 2019

 

PRIMA 2019-RK1

June 27, 2019

 

PRIMA 2019-VII

October 22, 2019

 

PRIMA 2020-VIII

July 15, 2020

 

PRIMA 2021-IX

February 26, 2021

 

PRIMA 2021-X

November 16, 2021

 

SCMT 2020-SBC9

June 30, 2020

 

SELKIRK 1

December 13, 2013

 

SELKIRK 3

September 26, 2014

 

SFO 2021-555

May 10, 2021

 

SGCMS 2019-787E

February 20, 2019

 

SGCMS 2019-PREZ

September 6, 2019

 

SGCP 2019-FL2

June 5, 2019

X

SGCP 2021-FL3

September 27, 2021

 

SHOPS 2016-CSTL

July 20, 2016

 

SLG 2021-OVA

June 24, 2021

 

SLIDE 2018-1 FUN

September 28, 2018

X

TRTX 2018-FL2

November 29, 2018

 

TRTX 2019-FL3

October 25, 2019

 

TRTX 2021-FL4

March 31, 2021

 

UBS 2017-C2

August 1, 2017

X

UBS 2017-C3

August 1, 2017

X

UBS 2017-C4

October 1, 2017

X

UBS 2018-C9

March 1, 2018

 

UBS 2018-NYCH

February 26, 2018

X

UBS 2019-C16

April 1, 2019

X

VASA 2021-VASA

April 15, 2021

 

VLS 2020-LAB

November 6, 2020

 

WFCM 2017-C38

July 1, 2017

X

WFCM 2017-C39

August 1, 2017

X

WFCM 2019-C50

May 1, 2019

X

WFCM 2021-FCMT

May 14, 2021

 

WFCM 2021-SAVE

February 17, 2021

 

WFLD 2014-MONT

August 1, 2014

 

WWPT 2017-WWP

November 10, 2017