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
November 1, 2016
Date of Report (Date of Earliest Event Reported)
Central Index Key Number of the issuing entity: 0001617959
COMM 2014-UBS5 Mortgage Trust
(Exact name of issuing entity)
Central Index Key Number of the sponsor: 0001541294
German American Capital Corporation
(Exact name of sponsor as specified in its charter)
Central Index Key Number of the sponsor: 0000040554
General Electric Capital Corporation
(Exact name of sponsor as specified in its charter)
Central Index Key Number of the sponsor: 0001541886
UBS Real Estate Securities Inc.
(Exact name of sponsor as specified in its charter)
Central Index Key Number of the sponsor: 0001558761
Cantor Commercial Real Estate Lending, L.P.
(Exact name of sponsor as specified in its charter)
Central Index Key Number of the sponsor: 0001555524
Jefferies LoanCore LLC
(Exact name of sponsor as specified in its charter)
Central Index Key Number of the sponsor: 0001625508
Pillar Funding LLC
(Exact name of sponsor as specified in its charter)
Central Index Key Number of the registrant: 0001013454
Deutsche Mortgage & Asset Receiving Corporation
(Exact name of registrant as specified in its charter)
Delaware |
|
333-193376-10 |
|
38-3939210 38-3939211 38-7120298 |
(State or other jurisdiction |
|
(Commission |
|
(I.R.S. Employer |
of incorporation of registrant) |
|
File Number of issuing entity) |
|
Identification No. of registrant) |
60 Wall Street
New York, New York
(Address of principal executive offices of registrant)
(212) 250-2500
Registrant’s telephone number, including area code
Former name or former address, if changed since last report: Not Applicable
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the 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 6.02. Change of Servicer or Trustee.
Pursuant to Section 3.22 of the Pooling and Servicing Agreement, dated as of September 1, 2014 (the “COMM 2014-UBS5 PSA”), 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, and the Co-Lender Agreement, dated as of September 23, 2014, by and between UBS Real Estate Securities Inc., as Initial Note A-1 Lender and UBS Real Estate Securities Inc., as Initial Note A-2 Lender, Torchlight Investors, LLC (“Torchlight”), as the Non-Lead Directing Holder and Non-Lead Controlling Class Representative, has the right, at any time prior to the occurrence and continuance of a Control Termination Event (as defined in the COMM 2014-UBS5 PSA) (or if a Control Termination Event has occurred but is no longer continuing), to terminate the existing special servicer with respect to the Harwood Center Loan Combination, with or without cause, and to appoint a successor special servicer under the COMM 2014-UBS5 PSA with respect to the Harwood Center Loan Combination.
Torchlight terminated Rialto Capital Advisors, LLC as special servicer under the COMM 2014-UBS5 PSA with respect to the Harwood Center Loan Combination and appointed Torchlight Loan Services, LLC as the successor special servicer under the COMM 2014-UBS5 PSA with respect to the Harwood Center Loan Combination, effective as of November 1, 2016. Capitalized terms that are used but not defined herein have the respective meanings assigned to them in the COMM 2014-UBS5 PSA.
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.
DEUTSCHE MORTGAGE & ASSET RECEIVING CORPORATION
(Registrant)
Date: November 7, 2016
By: /s/ Natalie Grainger
Name: Natalie Grainger
Title: Director
By: /s/ Matthew Smith
Name: Matthew Smith
Title: Director