Attached files

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10-K - COMM 2014-LC15 Mortgage Trustccc14l15_10k-2017.htm
EX-35.18 - COMM 2014-LC15 Mortgage Trustccc14l15_35-18.htm
EX-35.14 - COMM 2014-LC15 Mortgage Trustccc14l15_35-14.htm
EX-35.13 - COMM 2014-LC15 Mortgage Trustccc14l15_35-13.htm
EX-35.12 - COMM 2014-LC15 Mortgage Trustccc14l15_35-12.htm
EX-35.11 - COMM 2014-LC15 Mortgage Trustccc14l15_35-11.htm
EX-35.10 - COMM 2014-LC15 Mortgage Trustccc14l15_35-10.htm
EX-35.3 - COMM 2014-LC15 Mortgage Trustccc14l15_35-3.htm
EX-35.2 - COMM 2014-LC15 Mortgage Trustccc14l15_35-2.htm
EX-35.1 - COMM 2014-LC15 Mortgage Trustccc14l15_35-1.htm
EX-34.41 - COMM 2014-LC15 Mortgage Trustccc14l15_34-41.htm
EX-34.40 - COMM 2014-LC15 Mortgage Trustccc14l15_34-40.htm
EX-34.29 - COMM 2014-LC15 Mortgage Trustccc14l15_34-29.htm
EX-34.28 - COMM 2014-LC15 Mortgage Trustccc14l15_34-28.htm
EX-34.8 - COMM 2014-LC15 Mortgage Trustccc14l15_34-8.htm
EX-34.7 - COMM 2014-LC15 Mortgage Trustccc14l15_34-7.htm
EX-34.6 - COMM 2014-LC15 Mortgage Trustccc14l15_34-6.htm
EX-34.5 - COMM 2014-LC15 Mortgage Trustccc14l15_34-5.htm
EX-34.4 - COMM 2014-LC15 Mortgage Trustccc14l15_34-4.htm
EX-34.2 - COMM 2014-LC15 Mortgage Trustccc14l15_34-2.htm
EX-34.1 - COMM 2014-LC15 Mortgage Trustccc14l15_34-1.htm
EX-33.41 - COMM 2014-LC15 Mortgage Trustccc14l15_33-41.htm
EX-33.40 - COMM 2014-LC15 Mortgage Trustccc14l15_33-40.htm
EX-33.29 - COMM 2014-LC15 Mortgage Trustccc14l15_33-29.htm
EX-33.28 - COMM 2014-LC15 Mortgage Trustccc14l15_33-28.htm
EX-33.8 - COMM 2014-LC15 Mortgage Trustccc14l15_33-8.htm
EX-33.7 - COMM 2014-LC15 Mortgage Trustccc14l15_33-7.htm
EX-33.5 - COMM 2014-LC15 Mortgage Trustccc14l15_33-5.htm
EX-33.4 - COMM 2014-LC15 Mortgage Trustccc14l15_33-4.htm
EX-33.2 - COMM 2014-LC15 Mortgage Trustccc14l15_33-2.htm
EX-33.1 - COMM 2014-LC15 Mortgage Trustccc14l15_33-1.htm
EX-31 - COMM 2014-LC15 Mortgage Trustccc14l15_31.htm

(logo) Situs ®

 

 

Certification Regarding Compliance with Applicable Servicing Criteria

 

 

1.        Situs Holdings, LLC (the “Company” or “Situs”), is responsible for assessing compliance with the servicing criteria applicable to it in Item 1117, 1119, 1122(d)(3)(i) and 1122(d)(4)(vii) of Regulation AB, as of and for the year ended December 31, 2017 (the “Reporting Period”), as set forth in Appendix A hereto.  The transactions covered by this report include transactions in which Situs acted in the capacity of Operating or Trust Advisor, as listed in Appendix B;

 

2.        Situs used the criteria set forth in Item 1122(d)(3)(i) and Item 1122(d)(4)(vii) of Regulation AB (defined in Appendix A) to assess the compliance with the applicable servicing criteria;

 

3.        Pursuant to Item 1117 of Regulation AB (defined in Appendix A), the Company has determined that there are no pending legal proceedings or proceedings by governmental authorities against the Company that are material to security owners of the transactions as listed in Appendix B;

 

4.        Pursuant to Item 1119 of Regulation AB (defined in Appendix A), the Company has determined that there are no affiliate relationships, as defined in paragraph 230.405 of Item 1119, that currently exist, or existed within the past two years, between Situs Holdings, LLC and any of the named Servicers, Special Servicers, Trustees, or Originators included in the transactions as listed in Appendix B;

 

5.        During the reporting period, there were twelve (12) loans within the transactions listed in Appendix B referred to Special Servicing; however, there were no loss mitigation or recovery actions initiated, conducted, or concluded during the reporting period that would require action as the Operating Advisor. Therefore, Situs did not perform any Operating or Trust Advisor activities related to Item 1122(d)(4)(vii) of Regulation AB;

 

6.        Situs has complied in all material aspects, with the applicable servicing criteria as of December 31, 2017 and for the Reporting Period with respect to the transactions listed in Appendix B taken as a whole;

 

7.        RSM US LLP, an independent registered public accounting firm, has issued an attestation report on Situs’ assessment of compliance with the applicable servicing criteria for the Reporting Period.

 

 

Situs Holdings, LLC

February 28, 2018

 

By: /s/ George Wisniewski

George Wisniewski

Executive Managing Director

 

 

APPENDIX A to Management’s Assertion

 

 

SERVICING CRITERIA

Reference

Criteria

Item 1117

Describe briefly any legal proceedings pending against the sponsor, depositor, trustee, issuing entity, servicer contemplated by Item 1108(a)(3) of this Regulation AB, originator contemplated by Item 1110(b) of this Regulation AB, or other party contemplated by Item 1100(d)(1) of this Regulation AB, or of which any property of the foregoing is the subject, that is material to security holders. Include similar information as to any such proceedings known to be contemplated by governmental authorities.

Item 1119

(a) Describe if so, and how, the sponsor, depositor or issuing entity is an affiliate (as defined in §230.405 of this chapter) of any of the following parties as well as, to the extent known and material, if so, and how, any of
the following parties are affiliates of any of the other following parties:
(1) Servicer contemplated by Item 1108(a)(3) of this Regulation AB.
(2) Trustee.
(3) Originator contemplated by Item 1110 of this Regulation AB.
(4) Significant obligor contemplated by Item 1112 of this Regulation AB.
(5) Enhancement or support provider contemplated by Items 1114 or 1115 of this Regulation AB.
(6) Any other material parties related to the asset-backed securities contemplated by Item 1100(d)(1) of this Regulation AB.
(b) Describe whether there is, and if so the general character of, any business relationship, agreement, arrangement, transaction or understanding that is entered into outside the ordinary course of business or is on terms other than would be obtained in on arm's length transaction with an unrelated third party,  apart  from the asset-backed securities transaction, between the sponsor, depositor or issuing entity and any of the parties in paragraphs
(a)(1) through (a)(6) of this section, or any affiliates of such parties, that currently exists or that existed during the past two years and that is material to an Investor's understanding of the asset-backed securities.

(c) Notwithstanding paragraph (b) of this section, describe, to the extent material, any specific relationships involving or relating to the asset-backed securities transaction or the pool assets, including the material terms and approximate dollar amount involved, between the sponsor, depositor or issuing entity and any of the parties in paragraphs (a)(1) through (a)(6) of this section, or any affiliates of such parties, that currently exists or that existed during the past two years.

Item 1122(d)(3)(i)

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: (A) Are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) Provide information calculated in accordance with the terms specified in the transaction agreements; (C) Are filed with the Commission as required by its rules and regulations; and (D) Agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the servicer.

Item 1122(d)(4)(vii)

Loss mitigation or recovery actions (e.g. forbearance plans, modifications and deeds in lieu of foreclosure, foreclosure and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the a transaction agreements.

 

 

Appendix B

 

 

Portfolio

Agreement Date

CGCMT 2012GC8

September 1, 2012

CGCMT 2013GC15

September 1, 2013

CGCMT 2014GC19

March 1, 2014

CGCMT 2015SSHP

March 9, 2015

CGCMT 2015GC29

April 1, 2015

CGCMT 2015GC33

September 1, 2015

COMM 2012CCRE3

October 1, 2012

COMM 2013CCRE13

December 1, 2013

COMM 2014CCRE18

June 1, 2014

COMM 2014LC15

March 1, 2014

COMM 2014UBS5

September 1, 2014

FORT CRE 20161

August 31, 2016

GSMS 2012GCJ7

June 1, 2012

GSMS 2013GCJ12

May 1, 2013

GSMS 2013GCJ16

November 1, 2013

GSMS 2014GC24

September 1, 2014

GSMS 2015GS1

November 1, 2015

MSBAM 2012C5

July 1, 2012

MSBAM 2012C6

October 1, 2012

MSBAM 2013C7

January 1, 2013

MSBAM 2013C8

February 1, 2013

MSBAM 2013C11

August 1, 2013

MSBAM 2013C13

December 1, 2013

MSBAM 2014C15

April 1, 2014

MSBAM 2014C16

June 1, 2014

MSBAM 2015C21

February 1, 2015

MSBAM 2015C27

November 1, 2015

MSCI 2015UBS8

December 1, 2015

UBSBB 2013C5

February 1, 2013

WFCM 2014LC16

June 1, 2014

RAIT 2015FL4

May 22, 2015