Attached files

file filename
EX-31 - WFRBS Commercial Mortgage Trust 2014-C25wcm14c25_31.htm
EX-34.3 - WFRBS Commercial Mortgage Trust 2014-C25wcm14c25_34-3.htm
EX-35.4 - WFRBS Commercial Mortgage Trust 2014-C25wcm14c25_35-4.htm
EX-35.2 - WFRBS Commercial Mortgage Trust 2014-C25wcm14c25_35-2.htm
EX-33.6 - WFRBS Commercial Mortgage Trust 2014-C25wcm14c25_33-6.htm
EX-34.5 - WFRBS Commercial Mortgage Trust 2014-C25wcm14c25_34-5.htm
EX-33.1 - WFRBS Commercial Mortgage Trust 2014-C25wcm14c25_33-1.htm
EX-34.6 - WFRBS Commercial Mortgage Trust 2014-C25wcm14c25_34-6.htm
EX-33.7 - WFRBS Commercial Mortgage Trust 2014-C25wcm14c25_33-7.htm
EX-34.8 - WFRBS Commercial Mortgage Trust 2014-C25wcm14c25_34-8.htm
EX-34.7 - WFRBS Commercial Mortgage Trust 2014-C25wcm14c25_34-7.htm
EX-35.1 - WFRBS Commercial Mortgage Trust 2014-C25wcm14c25_35-1.htm
EX-33.5 - WFRBS Commercial Mortgage Trust 2014-C25wcm14c25_33-5.htm
EX-33.4 - WFRBS Commercial Mortgage Trust 2014-C25wcm14c25_33-4.htm
EX-33.8 - WFRBS Commercial Mortgage Trust 2014-C25wcm14c25_33-8.htm
EX-34.1 - WFRBS Commercial Mortgage Trust 2014-C25wcm14c25_34-1.htm
EX-33.3 - WFRBS Commercial Mortgage Trust 2014-C25wcm14c25_33-3.htm
EX-34.4 - WFRBS Commercial Mortgage Trust 2014-C25wcm14c25_34-4.htm
EX-33.2 - WFRBS Commercial Mortgage Trust 2014-C25wcm14c25_33-2.htm
EX-35.3 - WFRBS Commercial Mortgage Trust 2014-C25wcm14c25_35-3.htm
EX-35.13 - WFRBS Commercial Mortgage Trust 2014-C25wcm14c25_35-13.htm
EX-34.27 - WFRBS Commercial Mortgage Trust 2014-C25wcm14c25_34-27.htm
EX-35.12 - WFRBS Commercial Mortgage Trust 2014-C25wcm14c25_35-12.htm
10-K - WFRBS Commercial Mortgage Trust 2014-C25wcm14c25_10k-2014.htm
EX-33.24 - WFRBS Commercial Mortgage Trust 2014-C25wcm14c25_33-24.htm
EX-34.24 - WFRBS Commercial Mortgage Trust 2014-C25wcm14c25_34-24.htm
EX-35.11 - WFRBS Commercial Mortgage Trust 2014-C25wcm14c25_35-11.htm
EX-33.27 - WFRBS Commercial Mortgage Trust 2014-C25wcm14c25_33-27.htm
EX‑34.2

 

(logo) KPMG

 

KPMG LLP

1676 International Drive

McLean, VA 22102

 

 

 

 

 

Report of Independent Registered Public Accounting Firm 

 

 

 

The Members of

CWCapital Asset Management LLC:

 

We have examined CWCapital Asset Management LLC's (the Company) compliance with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission's Regulation AB for all commercial mortgage-backed securitization transactions publicly issued pursuant to a registration statement under the Securities Act of 1933 on or after January 1, 2006 wherein the Company provides special servicer activities (the Platform), except for servicing 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), 1122( d)(4)(v), 1122(d)(4)(ix), 1122(d)(4)(x), 1122(d)(4)(xi), 1122(d)(4)(xii), 1122(d)(4)(xiii), 1122(d)(4)(xiv), 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 twelve months ended December 31, 2014. With respect to the applicable servicing criteria 1122(d)(1)(ii), 1122(d)(2)(vi), 1122(d)(4)(i), 1122(d)(4)(iii), and 1122(d)(4)(iv), the Company has determined that there were no activities performed during the twelve months 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 Management's Report on Assessment of Compliance with Regulation AB Servicing Criteria identifies the individual asset-backed transactions and securities 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 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 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.

 

 

Our examination disclosed the following material noncompliance with servicing criterion 1122(d)(l)(i), as applicable to the Company during the twelve months ended December 31, 2014:

 

·         With respect to compliance with servicing criterion 1122(d)(l)(i), the Company's policies and procedures were not properly instituted to monitor loan performance or other triggers and events of defaults in accordance with the transaction agreements.

 

In our opinion, except for the material noncompliance described above, the Company complied, in all material respects, with the aforementioned servicing criteria as of and for the twelve months ended December 31, 2014.

 

We do not express an opinion or any form of assurance on Schedule B, Management's Discussion of the Material Noncompliance, included in Management's Report on Assessment of Compliance with Regulation AB Servicing Criteria.

 

 

/s/ KPMG LLP

 

McLean, Virginia

March 4, 2015

 

 

 

 

 

KPMG LLC is a Delaware limited liability partnership,

the U.S. member firm of KPMG International Cooperative

(“KPMG International”), a Swiss entity.