Morgan Stanley Bank of America Merrill Lynch Trust 2012-C5 - FORM 10-K - EX-34 - 34.2 MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION AS SPECIAL SERVICER - March 31, 2015

Attached files

file filename
EX-31 - 31 RULE 13A-14(D)/15D-14(D) CERTIFICATION - Morgan Stanley Bank of America Merrill Lynch Trust 2012-C531_1_msc2012c5.htm
EX-33 - 33.1 KEYBANK NATIONAL ASSOCIATION AS MASTER SERVICER - Morgan Stanley Bank of America Merrill Lynch Trust 2012-C533_1_keyb_ms.htm
EX-34 - 34.5 U.S. BANK NATIONAL ASSOCIATION AS CERTIFICATE ADMINISTRATOR - Morgan Stanley Bank of America Merrill Lynch Trust 2012-C534_5_usba_ca.htm
EX-34 - 34.6 WELLS FARGO BANK, NATIONAL ASSOCIATION AS CUSTODIAN - Morgan Stanley Bank of America Merrill Lynch Trust 2012-C534_6_welf_cus.htm
EX-35 - 35.2 MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION AS SPECIAL SERVICER - Morgan Stanley Bank of America Merrill Lynch Trust 2012-C535_2_midl_ss_msc2012c5.htm
EX-35 - 35.1 KEYBANK NATIONAL ASSOCIATION AS MASTER SERVICER - Morgan Stanley Bank of America Merrill Lynch Trust 2012-C535_1_keyb_ms_msc2012c5.htm
EX-33 - 33.4 SITUS HOLDINGS, LLC AS TRUST ADVISOR - Morgan Stanley Bank of America Merrill Lynch Trust 2012-C533_4_situ_ta.htm
EX-34 - 34.4 SITUS HOLDINGS, LLC AS TRUST ADVISOR - Morgan Stanley Bank of America Merrill Lynch Trust 2012-C534_4_situ_ta.htm
EX-35 - 35.4 U.S. BANK NATIONAL ASSOCIATION AS CERTIFICATE ADMINISTRATOR - Morgan Stanley Bank of America Merrill Lynch Trust 2012-C535_4_usba_ca_msc2012c5.htm
EX-34 - 33.6 WELLS FARGO BANK, NATIONAL ASSOCIATION AS CUSTODIAN - Morgan Stanley Bank of America Merrill Lynch Trust 2012-C533_6_welf_cus.htm
EX-33 - 33.7 BERKADIA COMMERCIAL MORTGAGE LLC AS SERVICING FUNCTION PARTICIPANT - Morgan Stanley Bank of America Merrill Lynch Trust 2012-C533_7_berk_sfp.htm
EX-33 - 33.5 U.S. BANK NATIONAL ASSOCIATION AS CERTIFICATE ADMINISTRATOR - Morgan Stanley Bank of America Merrill Lynch Trust 2012-C533_5_usba_ca.htm
EX-35 - 35.5 WELLS FARGO BANK, NATIONAL ASSOCIATION AS CUSTODIAN - Morgan Stanley Bank of America Merrill Lynch Trust 2012-C535_5_welf_cus_msc2012c5.htm
EX-33 - 33.2 MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION AS SPECIAL SERVICER - Morgan Stanley Bank of America Merrill Lynch Trust 2012-C533_2_midl_ss.htm
EX-34 - 34.1 KEYBANK NATIONAL ASSOCIATION AS MASTER SERVICER - Morgan Stanley Bank of America Merrill Lynch Trust 2012-C534_1_keyb_ms.htm
EX-34 - 34.7 BERKADIA COMMERCIAL MORTGAGE LLC AS SERVICING FUNCTION PARTICIPANT - Morgan Stanley Bank of America Merrill Lynch Trust 2012-C534_7_berk_sfp.htm
10-K - MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST 2012-C5 FORM 10-K - Morgan Stanley Bank of America Merrill Lynch Trust 2012-C5msc2012c5_10k_32015.htm

pwc
Report of Independent Registered Public Accounting Firm
To the Board of Directors, PNC Financial Services Group, Inc.:
We have examined management's assertion, included in the accompanying Report on Assessment of
Compliance with Regulation AB Servicing Criteria, that Midland Loan Services, a division of PNC Bank,
National Association ("Midland" or the "Company") complied with the servicing criteria set forth in Item
1122(d) of the Securities and Exchange Commission's Regulation AB for the commercial mortgage-backed
securities transactions (the "Platform"), as of December 31, 2014 and for the year then ended, excluding
criteria 1122(d)(1)(iii), 1122(d)(3)(i)(B), 1122(d)(3)(i)(C), 1122(d)(3)(i)(D), 1122(d)(3)(ii), 1122(d)(3)(iii),
1122(d)(3)(iv), and 1122(d)(4)(xv), which the Company has determined are not 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
asset-backed transactions and securities that comprise the Platform, testing of 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 applicable servicing criteria. 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 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 Midland 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/
PricewaterhouseCoopers LLP
February 25, 2015
PricewaterhouseCoopers LLP, 1100 Walnut Street, Suite 1300, Kansas City, MO 64106
T: (816) 472 7921, F: (816) 218 1890 www.pwc.com/us