Attached files

file filename
10-K - COMM 2014-CCRE14 Mortgage Trustcomm2014ccre1410k.htm
EX-35.14 - COMM 2014-CCRE14 Mortgage Trustex3514.htm
EX-35.3 - COMM 2014-CCRE14 Mortgage Trustex353.htm
EX-35.2 - COMM 2014-CCRE14 Mortgage Trustex352.htm
EX-35.1 - COMM 2014-CCRE14 Mortgage Trustex351.htm
EX-34.43 - COMM 2014-CCRE14 Mortgage Trustex3443.htm
EX-34.39 - COMM 2014-CCRE14 Mortgage Trustex3439.htm
EX-34.37 - COMM 2014-CCRE14 Mortgage Trustex3437.htm
EX-34.7 - COMM 2014-CCRE14 Mortgage Trustex347.htm
EX-34.6 - COMM 2014-CCRE14 Mortgage Trustex346.htm
EX-34.5 - COMM 2014-CCRE14 Mortgage Trustex345.htm
EX-34.4 - COMM 2014-CCRE14 Mortgage Trustex344.htm
EX-34.1 - COMM 2014-CCRE14 Mortgage Trustex341.htm
EX-33.43 - COMM 2014-CCRE14 Mortgage Trustex3343.htm
EX-33.39 - COMM 2014-CCRE14 Mortgage Trustex3339.htm
EX-33.37 - COMM 2014-CCRE14 Mortgage Trustex3337.htm
EX-33.7 - COMM 2014-CCRE14 Mortgage Trustex337.htm
EX-33.6 - COMM 2014-CCRE14 Mortgage Trustex336.htm
EX-33.5 - COMM 2014-CCRE14 Mortgage Trustex335.htm
EX-33.4 - COMM 2014-CCRE14 Mortgage Trustex334.htm
EX-33.2 - COMM 2014-CCRE14 Mortgage Trustex332.htm
EX-33.1 - COMM 2014-CCRE14 Mortgage Trustex331.htm
EX-31 - COMM 2014-CCRE14 Mortgage Trustex31.htm

 

 

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

 

Rialto Capital Advisors, LLC.

 

We have examined management of Rialto Capital Advisors, LLC’s assertion, included in the accompanying Management’s Assertion on Compliance with Applicable Regulation AB Servicing Criteria, that Rialto Capital Advisors, LLC, (the “Company”) complied with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission’s Regulation AB for the commercial mortgage loan platform (the “Platform”), excluding criteria in Items 1122 (d)(1)(i11), (d)(2)(ii), (d)(2)(iii), (d)(3)(i.C), (d)(3)(i.D), (d)(3)(ii), (d)(3)(iii), (d)(3)(iv), (d)(4)(v), (d)(4)(ix), (d)(4)(x), (d)(4)(xi), (d)(4)(xii), (d)(4)(xiii), (d)(4)(xiv), and (d)(4)(xv) (the “servicing criteria”), as of and for the year ended December 31, 2019, which management has determined are not applicable to the activities performed by the Company with respect to the Platform. Exhibit 1 to management’s assertion identifies the individual asset-backed transactions defined by management as constituting the Platform. Management is responsible for the Company’s compliance with the servicing criteria and its assertion. Our responsibility is to express an opinion on management’s assertion about the Company’s compliance with the servicing criteria based on our examination.

 

Our examination was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether management’s assertion about compliance with the servicing criteria is fairly stated, in all material respects, and, accordingly, included examining, on a test basis, evidence about the Company’s compliance with the servicing criteria, including tests on a sample basis of the servicing activities related to the Platform, determining whether the Company performed those selected activities in compliance with the servicing criteria during the specified period, and performing such other procedures as we considered necessary in the circumstances. Our procedures were limited to selected servicing activities performed by the Company during the period covered by this report and, accordingly, such samples may not have included servicing activities related to each asset-backed transaction included in the Platform. Further, an examination is not designed to detect noncompliance arising from errors that may have occurred prior to the period specified above that may have affected the balances or amounts calculated or reported by the Company during the period covered by this report. We believe that the evidence we obtained in our examination is sufficient and appropriate to provide a reasonable basis for our opinion.

 

As described in management’s assertion, for servicing criteria Item 1122(d)(1)(ii), the Company has engaged a vendor to perform certain activities required by this servicing criteria. The Company has determined that this vendor is not considered a “servicer” as defined in Item 1101(j) of Regulation AB, and the Company has elected to take responsibility for assessing compliance with the servicing criteria applicable to this vendor as permitted by the SEC’s Compliance and Disclosure Interpretation 200.06, Vendors Engaged by Servicers (“C&DI 200.06”). As permitted by C&DI 200.06, the Company has asserted that it has policies and procedures in place designed to provide reasonable assurance that the vendor’s activities comply in all material respects with the servicing criteria applicable to this vendor. The Company is solely responsible for determining that it meets the SEC requirements to apply C&DI 200.06 for the vendor and related criteria as described in its assertion, and we performed no procedures with respect to the Company’s determination of its eligibility to apply C&DI 200.06.

 

Our examination does not provide a legal determination on the Company’s compliance with the servicing criteria.

 

In our opinion, management’s assertion that the Company complied with the aforementioned servicing criteria as of and for the year ended December 31, 2019, for the commercial mortgage loan platform, is fairly stated, in all material respects.

 

 

 

February 28, 2020

 

 

 

 

 

 

 

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