Morgan Stanley Bank of America Merrill Lynch Trust 2014-C16 - FORM 10-K - EX-34 - 34.5 SITUS HOLDINGS, LLC AS TRUST ADVISOR - March 31, 2015

Attached files

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EX-33 - 33.6 CORELOGIC COMMERCIAL REAL ESTATE SERVICES, INC., AS SERVICING FUNCTION PARTICIPANT - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1633_6_corl_sfp.htm
EX-33 - 33.3 U.S. BANK NATIONAL ASSOCIATION AS CERTIFICATE ADMINISTRATOR - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1633_3_usba_cac.htm
EX-34 - 34.7 NATIONAL TAX SEARCH, LLC, AS SERVICING FUNCTION PARTICIPANT - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1634_7_nts_sfp.htm
EX-35 - 35.1 WELLS FARGO BANK, NATIONAL ASSOCIATION AS MASTER SERVICER - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1635_1_welf_ms_msc2014c16.htm
EX-34 - 34.2 LNR PARTNERS, LLC AS SPECIAL SERVICER - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1634_2_lnr_ss.htm
EX-31 - 31 RULE 13A-14(D)/15D-14(D) CERTIFICATION - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1631_1_msc2014c16.htm
EX-35 - 35.6 WELLS FARGO BANK, NATIONAL ASSOCIATION AS MASTER SERVICER UNDER THE COMM 2014-UBS3 SECURITIZATION, PURSUANT TO WHICH THE STATE FARM PORTFOLIO MORTGAGE LOAN WAS SERVICED PRIOR TO SEPTEMBER 23, 2014 - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1635_6_welf_ms18_msc2014c16.htm
EX-33 - 33.2 LNR PARTNERS, LLC AS SPECIAL SERVICER - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1633_2_lnr_ss.htm
EX-33 - 33.1 WELLS FARGO BANK, NATIONAL ASSOCIATION AS MASTER SERVICER - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1633_1_welf_ms.htm
EX-33 - 33.7 NATIONAL TAX SEARCH, LLC, AS SERVICING FUNCTION PARTICIPANT - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1633_7_nts_sfp.htm
EX-34 - 34.1 WELLS FARGO BANK, NATIONAL ASSOCIATION AS MASTER SERVICER - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1634_1_welf_ms.htm
EX-33 - 33.5 SITUS HOLDINGS, LLC AS TRUST ADVISOR - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1633_5_situ_ta.htm
EX-34 - 34.6 CORELOGIC COMMERCIAL REAL ESTATE SERVICES, INC., AS SERVICING FUNCTION PARTICIPANT - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1634_6_corl_sfp.htm
EX-34 - 34.3 U.S. BANK NATIONAL ASSOCIATION AS CERTIFICATE ADMINISTRATOR - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1634_3_usba_cac.htm
EX-34 - 34.16 RIALTO CAPITAL ADVISORS, LLC AS SPECIAL SERVICER UNDER THE COMM 2014-UBS5 SECURITIZATION, PURSUANT TO WHICH THE STATE FARM PORTFOLIO MORTGAGE LOAN HAS BEEN SERVICED FROM SEPTEMBER 23, 2014 - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1634_16_rial_ss24.htm
EX-35 - 35.9 WELLS FARGO BANK, NATIONAL ASSOCIATION AS MASTER SERVICER UNDER THE MSBAM 2014-C17 SECURITIZATION, PURSUANT TO WHICH THE MARRIOTT PHILADELPHIA DOWNTOWN MORTGAGE LOAN HAS BEEN SERVICED FROM AUGUST 14, 2014 - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1635_9_welf_ms25_msc2014c16.htm
EX-33 - 33.14 MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION AS SPECIAL SERVICER UNDER THE MSBAM 2014-C15 SECURITIZATION, PURSUANT TO WHICH THE ARUNDEL MILLS & MARKETPLACE MORTGAGE LOAN IS SERVICED - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1633_14_midl_ss15.htm
EX-33 - 33.16 RIALTO CAPITAL ADVISORS, LLC AS SPECIAL SERVICER UNDER THE COMM 2014-UBS5 SECURITIZATION, PURSUANT TO WHICH THE STATE FARM PORTFOLIO MORTGAGE LOAN HAS BEEN SERVICED FROM SEPTEMBER 23, 2014 - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1633_16_rial_ss24.htm
EX-34 - 34.14 MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION AS SPECIAL SERVICER UNDER THE MSBAM 2014-C15 SECURITIZATION, PURSUANT TO WHICH THE ARUNDEL MILLS & MARKETPLACE MORTGAGE LOAN IS SERVICED - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1634_14_midl_ss15.htm
EX-33 - 33.20 WELLS FARGO BANK, NATIONAL ASSOCIATION AS CUSTODIAN UNDER THE MSBAM 2014-C15 SECURITIZATION, PURSUANT TO WHICH THE ARUNDEL MILLS & MARKETPLACE MORTGAGE LOAN IS SERVICED - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1633_20_welf_cus15.htm
EX-35 - 35.2 LNR PARTNERS, LLC AS SPECIAL SERVICER - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1635_2_lnr_ss_msc2014c16.htm
EX-35 - 35.3 U.S. BANK NATIONAL ASSOCIATION AS CERTIFICATE ADMINISTRATOR - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1635_3_usba_cac_msc2014c16.htm
EX-35 - 35.7 WELLS FARGO BANK, NATIONAL ASSOCIATION AS MASTER SERVICER UNDER THE COMM 2014-UBS5 SECURITIZATION, PURSUANT TO WHICH THE STATE FARM PORTFOLIO MORTGAGE LOAN HAS BEEN SERVICED FROM SEPTEMBER 23, 2014 - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1635_7_welf_ms24_msc2014c16.htm
EX-35 - 35.5 WELLS FARGO BANK, NATIONAL ASSOCIATION AS MASTER SERVICER UNDER THE MSBAM 2014-C15 SECURITIZATION, PURSUANT TO WHICH THE ARUNDEL MILLS & MARKETPLACE MORTGAGE LOAN IS SERVICED - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1635_5_welf_ms15_msc2014c16.htm
EX-35 - 35.11 MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION AS SPECIAL SERVICER UNDER THE MSBAM 2014-C15 SECURITIZATION, PURSUANT TO WHICH THE ARUNDEL MILLS & MARKETPLACE MORTGAGE LOAN IS SERVICED - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1635_11_midl_ss15_msc2014c16.htm
EX-35 - 35.16 WELLS FARGO BANK, NATIONAL ASSOCIATION AS CUSTODIAN UNDER THE COMM 2014-UBS3 SECURITIZATION, PURSUANT TO WHICH THE STATE FARM PORTFOLIO MORTGAGE LOAN WAS SERVICED PRIOR TO SEPTEMBER 23, 2014 - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1635_16_welf_cus18_msc2014c16.htm
EX-35 - 35.19 WELLS FARGO BANK, NATIONAL ASSOCIATION AS CUSTODIAN UNDER THE MSBAM 2014-C17 SECURITIZATION, PURSUANT TO WHICH THE MARRIOTT PHILADELPHIA DOWNTOWN MORTGAGE LOAN HAS BEEN SERVICED FROM AUGUST 14, 2014 - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1635_19_welf_cus25_msc2014c16.htm
EX-35 - 35.12 LNR PARTNERS, LLC, AS SPECIAL SERVICER UNDER THE COMM 2014-UBS3 SECURITIZATION, PURSUANT TO WHICH THE STATE FARM PORTFOLIO MORTGAGE LOAN WAS SERVICED PRIOR TO SEPTEMBER 23, 2014 - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1635_12_lnr_ss18_msc2014c16.htm
EX-35 - 35.17 WELLS FARGO BANK, NATIONAL ASSOCIATION AS CUSTODIAN UNDER THE COMM 2014-UBS5 SECURITIZATION, PURSUANT TO WHICH THE STATE FARM PORTFOLIO MORTGAGE LOAN HAS BEEN SERVICED FROM SEPTEMBER 23, 2014 - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1635_17_welf_cus24_msc2014c16.htm
10-K - MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST 2014-C16 FORM 10-K - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C16msc2014c16_10k_32015.htm
EX-34 - 34.20 WELLS FARGO BANK, NATIONAL ASSOCIATION AS CUSTODIAN UNDER THE MSBAM 2014-C15 SECURITIZATION, PURSUANT TO WHICH THE ARUNDEL MILLS & MARKETPLACE MORTGAGE LOAN IS SERVICED - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1634_20_welf_cus15.htm
EX-35 - 35.15 WELLS FARGO BANK, NATIONAL ASSOCIATION AS CUSTODIAN UNDER THE MSBAM 2014-C15 SECURITIZATION, PURSUANT TO WHICH THE ARUNDEL MILLS & MARKETPLACE MORTGAGE LOAN IS SERVICED - Morgan Stanley Bank of America Merrill Lynch Trust 2014-C1635_15_welf_cus15_msc2014c16.htm

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Grant Thornton
Grant Thornton LLP
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Report of Independent Registered Public Accounting Firm
Board of Directors and Shareholders
Situs Holdings LLC
We have examined management's assertion, included in the accompanying Certification Regarding
Compliance with Applicable Servicing Criteria ("Management's Assertion"), that Situs Holdings, LLC (the
"Company") complied with servicing criteria set forth in 1117, 1119, and Items 1122(d)(3)(i) and
1122(d)(4)(vii) of the U.S. Securities and Exchange Commission's Regulation AB included in Appendix A as
of December 31, 2014 and for the period January 1, 2014 through December 31, 2014, with respect to the
Company's Operating or Trust Advisor Services performed over the deals listed in Appendix B (the
"Platform"). Management is responsible for the Company's compliance with the applicable servicing criteria.
Our responsibility is to express an opinion on management's assertion about the Company's compliance with
the applicable servicing criteria for the Platform based on our examination.
Our examination was conducted in accordance with the standards of the Public Company Accounting
Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about
the Company's compliance with the applicable servicing criteria for the Services and performing such other
procedures as we considered necessary in the circumstances. Our examination was not designed to detect
material noncompliance that may have occurred prior to the period covered by this report and that may have
affected the Company's activities with respect to the Platform during the period covered by this report. We
believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a
legal determination on the Company's compliance with the applicable servicing criteria.
In our opinion, management's assertion that Situs Holdings, LLC complied with the aforementioned
minimum servicing standards as of December 31, 2014 and for the period January 1, 2014 through
December 31, 2014, for the Services is fairly stated, in all material respects.
/s/ Grant Thornton LLP
Dallas, Texas
February 27, 2015