Attached files
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, 2015
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: 333-193376-08
Central Index Key Number of the issuing entity: 0001612126
COMM 2014-UBS4 Mortgage Trust
(exact name of the issuing entity as specified in its charter)
Central Index Key Number of the depositor: 0001013454
Deutsche Mortgage & Asset Receiving Corporation
(exact name of the depositor as specified in its charter)
Central Index Key Number of the sponsor: 0001541294
German American Capital Corporation
(exact name of the sponsor as specified in its charter)
Central Index Key Number of the sponsor: 0001541886
UBS Real Estate Securities Inc.
(exact name of the sponsor as specified in its charter)
Central Index Key Number of the sponsor: 0001558761
Cantor Commercial Real Estate Lending, L.P.
(exact name of the sponsor as specified in its charter)
Central Index Key Number of the sponsor: 0001505494
The Bancorp Bank
(exact name of the sponsor as specified in its charter)
Central Index Key Number of the sponsor: 0001089877
KeyBank National Association
(exact name of the sponsor as specified in its charter)
Central Index Key Number of the sponsor: 0001625508
Pillar Funding LLC
(exact name of the sponsor as specified in its charter)
47-1478558
New York 47-1559281
(State or other jurisdiction of 47-6424351
incorporation or organization of (I.R.S. Employer
the issuing entity) Identification Numbers)
c/o Deutsche Bank Trust Company Americas
as Certificate Administrator
1761 East St. Andrew Place
Santa Ana, CA
(Address of principal executive offices of the issuing entity)
92705
(Zip Code)
Registrant's telephone number, including area code:
(212) 250-2500
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 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 Exhibit Index describes exhibits provided by certain parties (in their
capacities indicated on the Exhibit Index) with respect to the State Farm
Portfolio Mortgage Loan, which constituted approximately 9.9% of the asset
pool of the issuing entity as of its cut-off date. The State Farm Portfolio
Mortgage Loan is an asset of the issuing entity and is part of a loan
combination that includes the State Farm Portfolio Mortgage Loan and three
other pari passu loans, which are not assets of the issuing entity. This
loan combination, including the State Farm Portfolio Mortgage Loan, was
serviced under the pooling and servicing agreement relating to the COMM
2014-UBS3 Mortgage Trust transaction, Commission File Number 333-193376-06
prior to the closing of the securitization of a pari passu portion of the
State Farm Portfolio loan combination in the COMM 2014-UBS5 Mortgage Trust
transaction, Commission File Number 333-193376-10 (the "COMM 2014-UBS5
Transaction"). After the closing of the COMM 2014-UBS5 Transaction on
September 23, 2014, this loan combination, including the State Farm
Portfolio Mortgage Loan was, and will continue to be, serviced and
administered pursuant to the pooling and servicing agreement with respect
to the COMM 2014-UBS5 Transaction, which is incorporated by reference as
Exhibit 4.2 to this Annual Report on Form 10-K. Wells Fargo Bank, National
Association, as the master servicer under the pooling and servicing
agreement for the COMM 2014-UBS5 Transaction, is also the primary servicer
of this loan combination. The responsibilities of Wells Fargo Bank,
National Association, as primary servicer of this loan combination, are
subsumed within its responsibilities as master servicer under the pooling
and servicing agreement for the COMM 2014-UBS5 Transaction.
Wilmington Trust, National Association acts as trustee of the mortgage
loans serviced under the Pooling and Servicing Agreement and the State Farm
Portfolio Mortgage Loan. Pursuant to the Pooling and Servicing Agreement
and the pooling and servicing agreement for the COMM 2014-UBS5 Transaction,
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. One or more other
servicers of the mortgage loans serviced under the Pooling and Servicing
Agreement and the State Farm Portfolio Mortgage Loan have delivered one
or more assessments of compliance with respect to Item 1122(d)(2)(iii)
of Regulation AB.
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 primary servicer of the State
Farm Portfolio 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)).
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 proceeding involving the
trust or any party related to the trust, other than routine litigation
incidental to the duties of those respective parties, and the following,
with respect to UBS Real Estate Securities Inc., as loan seller, Deutsche
Bank Trust Company Americas, as certificate administrator and custodian,
KeyBank National Association, as primary servicer, and Wells Fargo Bank,
National Association, as certificate administrator and custodian:
UBS Real Estate Securities Inc. ("UBSRES") is currently engaged in
litigation with respect to various legacy residential mortgage-backed
securities transactions. Some litigants are seeking the repurchase of
mortgage loans by UBSRES from certain residential mortgage securitization
trusts, on the basis that the loans are allegedly in breach of contractual
representations and warranties in governing transaction documents. Other
litigants are alleging violations of federal and/or state securities or
common law for alleged misrepresentations and omissions in offering
documents in connection with the issuance and/or distribution of
residential mortgage-backed securities. No assurance can be given that
one or more of the foregoing actions will not result in material
liability to UBSRES.
On June 18, 2014, a group of investors, including funds managed by
Blackrock Advisors, LLC, PIMCO-Advisors, L.P., and others, filed a
derivative action against Deutsche Bank Trust Company Americas ("DBTCA")
and Deutsche Bank National Trust Company ("DBNTC") in New York State
Supreme Court purportedly on behalf of and for the benefit of 544
private-label RMBS trusts asserting claims for alleged violations of the
U.S. Trust Indenture Act of 1939 (TIA), breach of contract, breach of
fiduciary duty and negligence based on DBNTC and DBTCA's alleged failure
to perform their duties as trustees for the trusts. Plaintiffs subsequently
dismissed their state court complaint and filed a derivative and class
action complaint in the U.S. District Court for the Southern District of
New York on behalf of and for the benefit of 564 private-label RMBS
trusts, which substantially overlapped with the trusts at issue in the
state court action. The complaint alleges that the trusts at issue have
suffered total realized collateral losses of U.S. $89.4 billion, but the
complaint does not include a demand for money damages in a sum certain.
DBNTC and DBTCA filed a motion to dismiss, and on January 19, 2016, the
court partially granted the motion on procedural grounds: as to the 500
trusts that are governed by Pooling and Servicing Agreements, the court
declined to exercise jurisdiction. The court did not rule on substantive
defenses asserted in the motion to dismiss as to the 64 trusts formed
under indentures for which it retained jurisdiction. Instead, the court
ordered plaintiffs to file an amended complaint as to those indenture
trusts. On February 23, 2016, plaintiffs filed an amended complaint as to
62 of the 64 indenture trusts included in the original U.S. District Court
complaint. DBNTC and DBTCA will have an opportunity to file new defensive
motions with respect to this amended complaint. It is anticipated that
plaintiffs will, in the near future, file a new state court complaint as
to some or all of the 500 trusts governed by Pooling and Servicing
Agreements which were dismissed from the U.S. District Court action.
On December 30, 2015, IKB International, S.A. and IKB Deutsche
Industriebank A.G. filed a Summons With Notice in New York state
court naming as defendants DBNTC and DBTCA, as trustees of 37 RMBS trusts
(the "IKB Action"). The claims in the IKB Action appear to be
substantively similar to the SDNY Action. The IKB Action is not styled
as a putative class action, but may attempt to bring derivative claims
on behalf of the named RMBS Trusts. DBTCA intends to vigorously defend
the IKB Action.
DBTCA has no pending legal proceedings (including, based on DBTCA's
present evaluation, the litigation disclosed in the foregoing paragraphs)
that would materially affect its ability to perform its duties as
Certificate Administrator and Custodian under the Pooling and Servicing
Agreement for this transaction.
On February 23, 2016, a certificateholder of the J.P. Morgan Chase
Commercial Mortgage Securities Trust, Series 2007-CIBC18 (the "Trust"),
filed suit in the Supreme Court of New York, County of New York, against
KeyBank National Association and Berkadia Commercial Mortgage LLC
(collectively, the "Servicers"). The suit was filed derivatively on
behalf of the Trust. The action was brought in connection with the
Servicers' determination of the fair value of a loan, secured by the
Bryant Park Hotel in New York City, held by the Trust and sold to an
assignee of the Trust's directing certificateholder, pursuant to an
exercise of the fair value option. There can be no assurances as to
the outcome of the action or the possible impact of the litigation on
the Servicers. Both Servicers deny liability, believe that they
performed their obligations in accordance with the terms of the Pooling
and Servicing Agreement applicable to the Trust, and intend to contest
the claims asserted against them.
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, N.A., 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 (the "District
Court") 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 (collectively, the "Additional
Complaints") alleging similar causes of action have been filed against
Wells Fargo Bank and other trustees in the same court by RMBS investors in
these and other transactions, and these cases have been consolidated
before the same judge. On January 19, 2016, an order was entered in
connection with the Complaint in which the District Court declined to
exercise jurisdiction over 261 trusts at issue in the Complaint; the
District Court also allowed Plaintiffs to file amended complaints if they
so chose, and three amended complaints have been filed. 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 31, 2014 pursuant to Rule 424(b)(5).
Item 1122 of Regulation AB, Compliance with Applicable Servicing Criteria.
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 mortgage loans are attached hereto under
Item 15 to this Annual Report on Form 10-K. Attached as Schedule II 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 criteria 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 State Farm Portfolio
Mortgage Loan, which is being serviced and administered pursuant to
the pooling and servicing agreement for the COMM 2014-UBS5 Transaction,
are attached hereto under Item 15 to this Annual Report on Form 10-K.
Attached as Schedule II to the pooling and servicing agreement for the
COMM 2014-UBS5 Transaction 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 COMM 2014-UBS5 Transaction
responsible for each applicable servicing criteria 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, 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, 2014, by and
among Deutsche Mortgage & Asset Receiving Corporation, as Depositor,
Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer, Midland Loan Services, a Division of PNC Bank,
National Association, as Special Servicer, Wilmington Trust,
National Association, as Trustee, Deutsche Bank Trust Company
Americas, as Certificate Administrator, Paying Agent and Custodian,
and Park Bridge Lender Services LLC, as Operating Advisor (filed as
Exhibit 4.1 to the registrant's Current Report on Form 8-K/A filed
on October 23, 2014 under Commission File No. 333-193376-08 and
incorporated by reference herein).
4.2 Pooling and Servicing Agreement, dated as of September 1, 2014, by
and among Deutsche Mortgage & Asset Receiving Corporation, as
Depositor, Wells Fargo Bank, National Association, as Master
Servicer, Rialto Capital Advisors, LLC, as Special Servicer,
Wilmington Trust, National Association, as Trustee, Wells Fargo
Bank, National Association, as Certificate Administrator, Paying
Agent and Custodian, and Situs Holdings, LLC, as Operating Advisor
(filed as Exhibit 99.1 to the registrant's Current Report on Form
8-K filed on October 24, 2014 under Commission File No. 333-193376-08
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 Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer
33.2 Midland Loan Services, a Division of PNC Bank, National Association,
as Special Servicer (see Exhibit 33.1)
33.3 Deutsche Bank Trust Company Americas, as Certificate Administrator and
Custodian
33.4 Park Bridge Lender Services LLC, as Operating Advisor
33.5 KeyBank National Association, as Primary Servicer
33.6 Berkeley Point Capital LLC, as Primary Servicer
33.7 Wells Fargo Bank, National Association, as Primary Servicer of the
State Farm Portfolio Mortgage Loan
33.8 Rialto Capital Advisors, LLC, as Special Servicer of the State Farm
Portfolio Mortgage Loan
33.9 Wells Fargo Bank, National Association, as Certificate Administrator
of the State Farm Portfolio Mortgage Loan
33.10 Wells Fargo Bank, National Association, as Custodian of the State
Farm Portfolio Mortgage Loan
33.11 Situs Holdings, LLC, as Operating Advisor of the State Farm Portfolio
Mortgage Loan
33.12 CoreLogic Commercial Real Estate Services, Inc., as Servicing Function
Participant of the State Farm Portfolio Mortgage Loan
33.13 National Tax Search, LLC, as Servicing Function Participant of the
State Farm Portfolio Mortgage Loan
34 Attestation reports on assessment of compliance with servicing criteria
for asset-backed securities.
34.1 Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer
34.2 Midland Loan Services, a Division of PNC Bank, National Association,
as Special Servicer (see Exhibit 34.1)
34.3 Deutsche Bank Trust Company Americas, as Certificate Administrator and
Custodian
34.4 Park Bridge Lender Services LLC, as Operating Advisor
34.5 KeyBank National Association, as Primary Servicer
34.6 Berkeley Point Capital LLC, as Primary Servicer
34.7 Wells Fargo Bank, National Association, as Primary Servicer of the
State Farm Portfolio Mortgage Loan
34.8 Rialto Capital Advisors, LLC, as Special Servicer of the State Farm
Portfolio Mortgage Loan
34.9 Wells Fargo Bank, National Association, as Certificate Administrator
of the State Farm Portfolio Mortgage Loan
34.10 Wells Fargo Bank, National Association, as Custodian of the State
Farm Portfolio Mortgage Loan
34.11 Situs Holdings, LLC, as Operating Advisor of the State Farm
Portfolio Mortgage Loan
34.12 CoreLogic Commercial Real Estate Services, Inc., as Servicing Function
Participant of the State Farm Portfolio Mortgage Loan
34.13 National Tax Search, LLC, as Servicing Function Participant of the
State Farm Portfolio Mortgage Loan
35 Servicer compliance statements.
35.1 Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer
35.2 Midland Loan Services, a Division of PNC Bank, National Association,
as Special Servicer (see Exhibit 35.1)
35.3 Deutsche Bank Trust Company Americas, as Certificate Administrator
35.4 KeyBank National Association, as Primary Servicer
35.5 Berkeley Point Capital LLC, as Primary Servicer
99.1 Mortgage Loan Purchase Agreement, dated as of July 23, 2014, between
Deutsche Mortgage & Asset Receiving Corporation and German American
Capital Corporation (filed as Exhibit 99.2 to the registrant's
Current Report on Form 8-K/A filed on October 23, 2014 under
Commission File No. 333-193376-08 and incorporated by reference
herein)
99.2 Mortgage Loan Purchase Agreement, dated as of July 23, 2014, between
Deutsche Mortgage & Asset Receiving Corporation and UBS Real Estate
Securities Inc. (filed as Exhibit 99.1 to the registrant's Current
Report on Form 8-K/A filed on October 23, 2014 under Commission File
No. 333-193376-08 and incorporated by reference herein)
99.3 Mortgage Loan Purchase Agreement, dated as of July 23, 2014, between
Deutsche Mortgage & Asset Receiving Corporation and Cantor Commercial
Real Estate Lending, L.P. (filed as Exhibit 99.3 to the registrant's
Current Report on Form 8-K/A filed on October 23, 2014 under
Commission File No. 333-193376-08 and incorporated by reference
herein)
99.4 Mortgage Loan Purchase Agreement, dated as of July 23, 2014, between
Deutsche Mortgage & Asset Receiving Corporation and The Bancorp Bank
(filed as Exhibit 99.4 to the registrant's Current Report on Form
8-K/A filed on October 23, 2014 under Commission File
No. 333-193376-08 and incorporated by reference herein)
99.5 Mortgage Loan Purchase Agreement, dated as of July 23, 2014, between
Deutsche Mortgage & Asset Receiving Corporation and KeyBank National
Association (filed as Exhibit 99.5 to the registrant's Current
Report on Form 8-K/A filed on October 23, 2014 under Commission File
No. 333-193376-08and incorporated by reference herein)
99.6 Mortgage Loan Purchase Agreement, dated as of July 23, 2014, among
Deutsche Mortgage & Asset Receiving Corporation, Pillar Funding LLC
and Pillar Capital Partners I LLC (filed as Exhibit 99.6 to the
registrant's Current Report on Form 8-K/A filed on October 23, 2014
under Commission File No. 333-193376-08 and incorporated by reference
herein)
99.7 Primary Servicing Agreement, dated as of July 1, 2014, between
Midland Loan Services, a Division of PNC Bank, National Association
and KeyBank National Association (filed as Exhibit 99.8 to the
registrant's Current Report on Form 8-K filed on July 31, 2014
under Commission File No. 333-193376-08 and incorporated by
reference herein)
99.8 Primary Servicing Agreement, dated as of July 1, 2014, between
Midland Loan Services, a Division of PNC Bank, National Association
and Berkeley Point Capital LLC (filed as Exhibit 99.9 to the
registrant's Current Report on Form 8-K filed on July 31, 2014
under Commission File No. 333-193376-08 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.
Deutsche Mortgage & Asset Receiving Corporation
(Depositor)
/s/ Helaine M. Kaplan
Helaine M. Kaplan, President
(senior officer in charge of securitization of the depositor)
Date: March 24, 2016
/s/ Matt Smith
Matt Smith, Director
Date: March 24, 2016
EXHIBIT INDEX
Exhibit No.
4.1 Pooling and Servicing Agreement, dated as of July 1, 2014, by and
among Deutsche Mortgage & Asset Receiving Corporation, as Depositor,
Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer, Midland Loan Services, a Division of PNC Bank,
National Association, as Special Servicer, Wilmington Trust,
National Association, as Trustee, Deutsche Bank Trust Company
Americas, as Certificate Administrator, Paying Agent and Custodian,
and Park Bridge Lender Services LLC, as Operating Advisor (filed as
Exhibit 4.1 to the registrant's Current Report on Form 8-K/A filed
on October 23, 2014 under Commission File No. 333-193376-08 and
incorporated by reference herein).
4.2 Pooling and Servicing Agreement, dated as of September 1, 2014, by
and among Deutsche Mortgage & Asset Receiving Corporation, as
Depositor, Wells Fargo Bank, National Association, as Master
Servicer, Rialto Capital Advisors, LLC, as Special Servicer,
Wilmington Trust, National Association, as Trustee, Wells Fargo
Bank, National Association, as Certificate Administrator, Paying
Agent and Custodian, and Situs Holdings, LLC, as Operating Advisor
(filed as Exhibit 99.1 to the registrant's Current Report on Form
8-K filed on October 24, 2014 under Commission File No. 333-193376-08
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 Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer
33.2 Midland Loan Services, a Division of PNC Bank, National Association,
as Special Servicer (see Exhibit 33.1)
33.3 Deutsche Bank Trust Company Americas, as Certificate Administrator and
Custodian
33.4 Park Bridge Lender Services LLC, as Operating Advisor
33.5 KeyBank National Association, as Primary Servicer
33.6 Berkeley Point Capital LLC, as Primary Servicer
33.7 Wells Fargo Bank, National Association, as Primary Servicer of the
State Farm Portfolio Mortgage Loan
33.8 Rialto Capital Advisors, LLC, as Special Servicer of the State Farm
Portfolio Mortgage Loan
33.9 Wells Fargo Bank, National Association, as Certificate Administrator
of the State Farm Portfolio Mortgage Loan
33.10 Wells Fargo Bank, National Association, as Custodian of the State
Farm Portfolio Mortgage Loan
33.11 Situs Holdings, LLC, as Operating Advisor of the State Farm Portfolio
Mortgage Loan
33.12 CoreLogic Commercial Real Estate Services, Inc., as Servicing Function
Participant of the State Farm Portfolio Mortgage Loan
33.13 National Tax Search, LLC, as Servicing Function Participant of the
State Farm Portfolio Mortgage Loan
34 Attestation reports on assessment of compliance with servicing criteria
for asset-backed securities.
34.1 Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer
34.2 Midland Loan Services, a Division of PNC Bank, National Association,
as Special Servicer (see Exhibit 34.1)
34.3 Deutsche Bank Trust Company Americas, as Certificate Administrator and
Custodian
34.4 Park Bridge Lender Services LLC, as Operating Advisor
34.5 KeyBank National Association, as Primary Servicer
34.6 Berkeley Point Capital LLC, as Primary Servicer
34.7 Wells Fargo Bank, National Association, as Primary Servicer of the
State Farm Portfolio Mortgage Loan
34.8 Rialto Capital Advisors, LLC, as Special Servicer of the State Farm
Portfolio Mortgage Loan
34.9 Wells Fargo Bank, National Association, as Certificate Administrator
of the State Farm Portfolio Mortgage Loan
34.10 Wells Fargo Bank, National Association, as Custodian of the State
Farm Portfolio Mortgage Loan
34.11 Situs Holdings, LLC, as Operating Advisor of the State Farm
Portfolio Mortgage Loan
34.12 CoreLogic Commercial Real Estate Services, Inc., as Servicing Function
Participant of the State Farm Portfolio Mortgage Loan
34.13 National Tax Search, LLC, as Servicing Function Participant of the
State Farm Portfolio Mortgage Loan
35 Servicer compliance statements.
35.1 Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer
35.2 Midland Loan Services, a Division of PNC Bank, National Association,
as Special Servicer (see Exhibit 35.1)
35.3 Deutsche Bank Trust Company Americas, as Certificate Administrator
35.4 KeyBank National Association, as Primary Servicer
35.5 Berkeley Point Capital LLC, as Primary Servicer
99.1 Mortgage Loan Purchase Agreement, dated as of July 23, 2014, between
Deutsche Mortgage & Asset Receiving Corporation and German American
Capital Corporation (filed as Exhibit 99.2 to the registrant's
Current Report on Form 8-K/A filed on October 23, 2014 under
Commission File No. 333-193376-08 and incorporated by reference
herein)
99.2 Mortgage Loan Purchase Agreement, dated as of July 23, 2014, between
Deutsche Mortgage & Asset Receiving Corporation and UBS Real Estate
Securities Inc. (filed as Exhibit 99.1 to the registrant's Current
Report on Form 8-K/A filed on October 23, 2014 under Commission File
No. 333-193376-08 and incorporated by reference herein)
99.3 Mortgage Loan Purchase Agreement, dated as of July 23, 2014, between
Deutsche Mortgage & Asset Receiving Corporation and Cantor Commercial
Real Estate Lending, L.P. (filed as Exhibit 99.3 to the registrant's
Current Report on Form 8-K/A filed on October 23, 2014 under
Commission File No. 333-193376-08 and incorporated by reference
herein)
99.4 Mortgage Loan Purchase Agreement, dated as of July 23, 2014, between
Deutsche Mortgage & Asset Receiving Corporation and The Bancorp Bank
(filed as Exhibit 99.4 to the registrant's Current Report on Form
8-K/A filed on October 23, 2014 under Commission File
No. 333-193376-08 and incorporated by reference herein)
99.5 Mortgage Loan Purchase Agreement, dated as of July 23, 2014, between
Deutsche Mortgage & Asset Receiving Corporation and KeyBank National
Association (filed as Exhibit 99.5 to the registrant's Current
Report on Form 8-K/A filed on October 23, 2014 under Commission File
No. 333-193376-08and incorporated by reference herein)
99.6 Mortgage Loan Purchase Agreement, dated as of July 23, 2014, among
Deutsche Mortgage & Asset Receiving Corporation, Pillar Funding LLC
and Pillar Capital Partners I LLC (filed as Exhibit 99.6 to the
registrant's Current Report on Form 8-K/A filed on October 23, 2014
under Commission File No. 333-193376-08 and incorporated by reference
herein)
99.7 Primary Servicing Agreement, dated as of July 1, 2014, between
Midland Loan Services, a Division of PNC Bank, National Association
and KeyBank National Association (filed as Exhibit 99.8 to the
registrant's Current Report on Form 8-K filed on July 31, 2014
under Commission File No. 333-193376-08 and incorporated by
reference herein)
99.8 Primary Servicing Agreement, dated as of July 1, 2014, between
Midland Loan Services, a Division of PNC Bank, National Association
and Berkeley Point Capital LLC (filed as Exhibit 99.9 to the
registrant's Current Report on Form 8-K filed on July 31, 2014
under Commission
