J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C10 - FORM 10-K - EX-33.5 - March 23, 2016

Attached files

file filename
EX-31 - J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C10jpc13c10_31.htm
EX-35.1 - J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C10jpc13c10_35-1.htm
EX-33.1 - J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C10jpc13c10_33-1.htm
EX-34.5 - J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C10jpc13c10_34-5.htm
EX-33.4 - J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C10jpc13c10_33-4.htm
EX-33.2 - J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C10jpc13c10_33-2.htm
EX-33.3 - J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C10jpc13c10_33-3.htm
EX-35.2 - J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C10jpc13c10_35-2.htm
EX-34.3 - J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C10jpc13c10_34-3.htm
EX-34.1 - J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C10jpc13c10_34-1.htm
EX-35.3 - J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C10jpc13c10_35-3.htm
EX-34.4 - J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C10jpc13c10_34-4.htm
EX-35.5 - J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C10jpc13c10_35-5.htm
EX-34.2 - J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C10jpc13c10_34-2.htm
10-K - J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C10jpc13c10_10k-2015.htm
EX‑33.5



 
 
(logo) PARK BRIDGE LENDER SERVICES LLC
 
February 15, 2016
  
RE:          Management’s Report on Assessment of 2015 Compliance by
Park Bridge Lender Services LLC with Regulation AB Servicing Criteria
  
Park Bridge Lender Services LLC (the “Asserting Party”) is responsible for assessing its compliance, as of and for the period ended December 31, 2015, with the servicing criteria set forth in Title 17, Section 229.1122(d) of the Code of Federal Regulations.
 
The transactions covered by this assertion are those transactions processed by the Asserting Party in its capacity as trust or operating advisor for the asset-backed securities transactions listed in Exhibit A hereto (the “Platform”).
 
The Asserting Party is responsible for assessing its compliance with the servicing criteria applicable to it. The Asserting Party used the criteria in paragraph (d) of Section 1122 of Regulation AB (17 C.F.R. 229.1122) to assess its compliance.  The full outline of the Asserting Party’s contractually applicable servicing criteria under various securitization pooling and servicing agreements can be found in Exhibit B attached hereto.
 
Based on its assessment, the Asserting Party believes that, as of and for the periods the contractual obligations existed in calendar year ending December 31, 2015, the Asserting Party has complied in all material respects with the servicing criteria set forth in Item 1122(d) of Regulation AB relating to its trust or operating advisor role with respect to the Platform, except for servicing criteria 1122(d)(1)(i-v), 1122(d)(2)(i-vii), 1122(d)(3)(ii-iv), 1122(d)(4)(i-vi) and 1122(d)(4)(viii-xv), which the Asserting Party has determined as being inapplicable to the activities it performs with respect the Platform (the “Applicable Servicing Criteria”).
 
Curcio& Cohen CPAs, PC, an independent registered public accounting firm, has issued an attestation report on the assessment of compliance with the Applicable Servicing Criteria for the reporting period as set forth in this assertion.
 
 
Signed:
  
/s/ David M. Rodgers
David M. Rodgers
Principal
 
  
41 WATCHUNG PLAZA, SUITE 250, MONTCLAIR, NJ  07042
WWW.PARKBRIDGEFINANCIAL.COM
 
 

Exhibit A

 

 

Asserting Party's 2015 Servicing Platform

 

 

Applicable Certification Period

 

Securitization Transaction

Start Date

 

End Date

 

COMM 2012-LC4

 

January 01, 2015

to

December 31, 2015

 

COMM 2012-CCRE2

 

January 01, 2015

to

December 31, 2015

 

UBS-B 2012-C3

 

January 01, 2015

to

December 31, 2015

 

COMM 2012-CCRE4

 

January 01, 2015

to

December 31, 2015

 

COMM 2012-CCRE5

 

January 01, 2015

to

December 31, 2015

 

COMM 2013-LC6

 

January 01, 2015

to

December 31, 2015

 

COMM 2013-CCRE6

 

January 01, 2015

to

December 31, 2015

 

JPMCC 2013-C10

 

January 01, 2015

to

December 31, 2015

 

COMM 2013-CCRE7

 

January 01, 2015

to

December 31, 2015

 

UBSBB 2013-C6

 

January 01, 2015

to

December 31, 2015

 

COMM 2013-CCRE8

 

January 01, 2015

to

December 31, 2015

 

MSBAM 2013-C10

 

January 01, 2015

to

December 31, 2015

 

COMM 2013-CCRE9

 

January 01, 2015

to

December 31, 2015

 

WFCM 2013-LC12

 

January 01, 2015

to

December 31, 2015

 

COMM 2013-CCRE10

 

January 01, 2015

to

December 31, 2015

 

COMM 2013-LC13

 

January 01, 2015

to

December 31, 2015

 

COMM 2013-CCRE11

 

January 01, 2015

to

December 31, 2015

 

COMM 2013-CCRE12

 

January 01, 2015

to

December 31, 2015

 

WFRBS 2013-UBS1

 

January 01, 2015

to

December 31, 2015

 

GSMS 2014-GC18

 

January 01, 2015

to

December 31, 2015

 

COMM 2014-CCRE14

 

January 01, 2015

to

December 31, 2015

 

MSBAM 2014-C14

 

January 01, 2015

to

December 31, 2015

 

COMM 2014-CCRE15

 

January 01, 2015

to

December 31, 2015

 

COMM 2014-UBS2

 

January 01, 2015

to

December 31, 2015

 

COMM 2014-CCRE16

 

January 01, 2015

to

December 31, 2015

 

CGCMT 2014-GC21

 

January 01, 2015

to

December 31, 2015

 

COMM 2014-CCRE17

 

January 01, 2015

to

December 31, 2015

 

COMM 2014-UBS3

 

January 01, 2015

to

December 31, 2015

 

COMM 2014-UBS4

 

January 01, 2015

to

December 31, 2015

 

COMM 2014-CCRE19

 

January 01, 2015

to

December 31, 2015

 

COMM 2014-LC17

 

January 01, 2015

to

December 31, 2015

 

MSBAM 2014-C18

 

January 01, 2015

to

December 31, 2015

 

CGCMT 2014-GC25

 

January 01, 2015

to

December 31, 2015

 

COMM 2014-CCRE20

 

January 01, 2015

to

December 31, 2015

 

COMM 2014-CCRE21

 

January 01, 2015

to

December 31, 2015

 

MSBAM 2014-C19

 

January 01, 2015

to

December 31, 2015

 

WFCM 2014-LC18

 

January 01, 2015

to

December 31, 2015

 

  CGCMT 2015-GC27

 

February 09, 2015

to

December 31, 2015

 

  COMM 2015-LC19

 

February 04, 2015

to

December 31, 2015

 

  MSBAM 2015-C20

 

January 29, 2015

to

December 31, 2015

 

  COMM 2015-DC1

 

March 04, 2015

to

December 31, 2015

 

  CSAIL 2015-C1

 

March 20, 2015

to

December 31, 2015

 

  COMM 2015-CCRE22

 

March 25, 2015

to

December 31, 2015

 

  MSBAM 2015-C22

 

April 22, 2015

to

December 31, 2015

 

  CSAIL 2015-C2

 

May 20, 2015

to

December 31, 2015

 

  COMM 2015-LC21

 

June 18, 2015

to

December 31, 2015

 

  MSC 2015-MS1

 

July 08, 2015

to

December 31, 2015

 

  COMM 2015-PC1

 

July 14, 2015

to

December 31, 2015

 

  GSMS 2015-GC32

 

July 31, 2015

to

December 31, 2015

 

  MSBAM 2015-C24

 

August 05, 2015

to

December 31, 2015

 

  COMM 2015-CCRE24

 

August 06, 2015

to

December 31, 2015

 

  CGCMT 2015-P1

 

August 19, 2015

to

December 31, 2015

 

  WFCM 2015-LC22

 

September 29, 2015

to

December 31, 2015

 

  COMM 2015-CCRE26

 

October 08, 2015

to

December 31, 2015

 

  COMM 2015-CCRE27

 

October 29, 2015

to

December 31, 2015

 

  MSBAM 2015-C26

 

November 12, 2015

to

December 31, 2015

 

  COMM 2015-LC23

 

November 17, 2015

to

December 31, 2015

 

  CGCMT 2015-GC35

 

December 08, 2015

to

December 31, 2015

 


                                                                                

Exhibit B

 

 

Regulation AB Section 229.1122(d) Servicing Criteria

 

Regulation
AB Reference


Servicing Criterion

Performed by Park Bridge1

Not Applicable to Park Bridge2

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 backup servicer for the mortgage loans 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

1122(d)(2)(i)

Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts within 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

1122(d)(2)(iv)

The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, 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 Section 240.13k-1 (b)(1) of this chapter.

 


X

1122(d)(2)(vi)

Unissued checks were 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.

 


X

1122(d)(3)(i)(A)

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 are prepared in accordance with time frames and other terms set forth in the transaction agreements.


X

 

1122(d)(3)(i)(B)

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 provide information calculated in accordance with the terms specified in the transaction agreements.


X

 

1122(d)(3)(i)(C)

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 are filed with the Commission as required by its rules and regulations.


X3


X4

1122(d)(3)(i)(D)

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 agree with investors’ or the trustee's records as to the total unpaid principal balance and number of mortgage loans serviced by the servicer.


X3


X4

1122(d)(3)(ii)

Amounts due to investors are allocated and remitted in accordance with time frames, 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 canceled checks, or other form of payment, or custodial bank statements.

 


X

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 pool asset (e.g., loan modifications or re-agings) 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, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the time frames 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): (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 were 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 Regulation AB, is maintained as set forth in the transaction agreements.

 


X


1    The criteria in the column “Performed by Park Bridge” and marked with an “X” is applicable for the Transactions unless otherwise noted; however, there were no specially serviced loans under the related Transactions during the reporting period.  Therefore, no trust/operating advisor actions were required.
2    The criteria in the column “Not Applicable to Park Bridge” and marked with an “X” was not within the scope of the Asserting Party’s duties in the Transactions.
3    Applicable only to the Transactions listed in Table 2 below.
4    Not applicable to Transactions other than the Transactions identified in Note 3 above.
 
Table 2
 

COMM 2012-LC4

COMM 2012-CCRE2

COMM 2012-CCRE4

COMM 2012-CCRE5

COMM 2013-CCRE7

COMM 2013-CCRE9

COMM 2013-LC6

COMM 2013-LC13

COMM 2013-CCRE11