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EX-99.1 - POOLING AND SERVICING AGREEMENT, DATED AS OF AUGUST 1, 2014 - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C16exh_99-1.htm
 
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

 
FORM 8-K
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the
 
Securities Exchange Act of 1934
 
Date of report (Date of earliest event reported):  August 14, 2014
 
Morgan Stanley Bank of America Merrill Lynch Trust 2014-C16
(Exact name of issuing entity)
 
Morgan Stanley Capital I Inc.
(Exact name of registrant as specified in its charter)
 
Morgan Stanley Mortgage Capital Holdings LLC
Bank of America, National Association
CIBC Inc.
(Exact names of sponsors as specified in their charters)
 
Delaware 333-180779-09 13-3291626
(State or Other Jurisdiction
of Incorporation)
(Commission File
Number)
(IRS Employer
Identification No.)
 
1585 Broadway New York, New York 10036
(Address of Principal Executive Offices)   (Zip Code)
 
Registrants telephone number, including area code:    (212) 761-4000  
 
Not applicable
(Former name or former address, if changed since last report.)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any following provisions:
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
 

 
 
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
Item 8.01. Other Events.
 
On June 18, 2014, a series of mortgage pass-through certificates, entitled Commercial Mortgage Pass-Through Certificates, Series 2014-C16 (the “Certificates”), were issued by Morgan Stanley Bank of America Merrill Lynch Trust 2014-C16, a New York common law trust (the “Issuing Entity”), pursuant to a Pooling and Servicing Agreement, dated as of June 1, 2014 (the “Pooling and Servicing Agreement”), between Morgan Stanley Capital I Inc., as depositor, Wells Fargo Bank, National Association, as master servicer, LNR Partners, LLC, as special servicer, Situs Holdings, LLC, as trust advisor, and U.S. Bank National Association, as trustee, certificate administrator, custodian, certificate registrar and authenticating agent.
 
The mortgage loan secured by the mortgaged property identified as “Marriott Philadelphia Downtown” on Schedule II to the Pooling and Servicing Agreement (the “Marriott Philadelphia Downtown Mortgage Loan”), which is an asset of the Issuing Entity, is part of a pari passu loan combination (the “Marriott Philadelphia Downtown Pari Passu Loan Combination”) that includes the Marriott Philadelphia Downtown Mortgage Loan and one other pari passu loan, which is not an asset of the Issuing Entity (the “Marriott Philadelphia Downtown Pari Passu Companion Loan”).  The Pooling and Servicing Agreement provides that the Marriott Philadelphia Downtown Pari Passu Loan Combination is to be serviced and administered (i) until the securitization of the controlling portion of the Marriott Philadelphia Downtown Pari Passu Companion Loan, under the Pooling and Servicing Agreement entered into in connection with the Morgan Stanley Bank of America Merrill Lynch Trust 2014-C15 securitization transaction, and (ii) from and after the securitization of the controlling portion of the Marriott Philadelphia Downtown Pari Passu Companion Loan, under the pooling and servicing agreement entered into in connection with that securitization.
 
The controlling portion of the Marriott Philadelphia Downtown Pari Passu Companion Loan was securitized on August 14, 2014.  Consequently, the Marriott Philadelphia Downtown Pari Passu Loan Combination, including the Marriott Philadelphia Downtown Mortgage Loan, is being serviced and administered under the pooling and servicing agreement, dated as of August 1, 2014 (the “MSBAM 2014-C17 Pooling and Servicing Agreement”), between Morgan Stanley Capital I Inc., as depositor, Wells Fargo Bank, National Association, as master servicer, Rialto Capital Advisors, LLC, as special servicer, Wells Fargo Bank, National Association, as custodian, Pentalpha Surveillance LLC, as trust advisor, and Citibank, N.A., as trustee, certificate administrator, certificate registrar and authenticating agent, relating to the Morgan Stanley Bank of America Merrill Lynch Trust 2014-C17 securitization transaction into which the controlling portion of the Marriott Philadelphia Downtown Pari Passu Companion Loan was deposited.  The MSBAM 2014-C17 Pooling and Servicing Agreement is attached hereto as Exhibit 99.1.
 
Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS
 
(d)           Exhibits:
 
 
99.1
Pooling and Servicing Agreement, dated as of August 1, 2014, between Morgan Stanley Capital I Inc., as depositor, Wells Fargo Bank, National Association, as master servicer, Rialto Capital Advisors, LLC, as special
 
 
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servicer, Wells Fargo Bank, National Association, as custodian, Pentalpha Surveillance LLC, as trust advisor, and Citibank, N.A., as trustee, certificate administrator, certificate registrar and authenticating agent.
 
 
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SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
Morgan Stanley Capital I Inc.
     
  By: /s/ Stephen Holmes
  Name: Stephen Holmes
  Title: Vice President
 
Date:  August 21, 2014
 
 
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EXHIBIT INDEX
 
Exhibit Number
 
Description
 
     
99.1
 
Pooling and Servicing Agreement, dated as of August 1, 2014, between Morgan Stanley Capital I Inc., as depositor, Wells Fargo Bank, National Association, as master servicer, Rialto Capital Advisors, LLC, as special servicer, Wells Fargo Bank, National Association, as custodian, Pentalpha Surveillance LLC, as trust advisor, and Citibank, N.A., as trustee, certificate administrator, certificate registrar and authenticating agent.
 
 
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