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Report of Independent Registered Public Accounting Firm



Board of Managers

Berkadia Commercial Mortgage LLC



We have examined management’s assertion,
included in the accompanying Report on Assessment of Compliance with SEC Regulation AB Servicing Criteria as Primary Servicer (“Management’s
Report”), that Berkadia Commercial Mortgage LLC (the “Company”) complied with the servicing criteria set forth
in Item 1122(d) of the U.S. Securities and Exchange Commission’s Regulation AB for the Primary Servicing Platform (the “Platform”)
as of and for the year ended December 31, 2016, excluding criteria 1122(d)(1)(iii), (3)(i)(C), (4)(ii), (4)(vii), and (4)(xv),
which management has determined are not applicable to the activities performed by the Company with respect to the Platform. The
Platform consists of the publicly issued asset-backed transactions and securities for which the Company is named as Primary Servicer
of commercial mortgage loans. Management is responsible for the Company’s compliance with the 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 Platform and performing
such other procedures as we considered necessary in the circumstances. Our examination included testing selected asset-backed transactions
and securities constituting the Platform and evaluating whether the Company performed servicing activities related to those transactions
and securities in compliance with the applicable servicing criteria for the period covered by this report. Accordingly, our testing
may not have included servicing activities related to each asset-backed transaction or security constituting the Platform. Further,
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 servicing activities 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.



As described in Management’s Report,
the Company engaged various vendors to perform servicing activities with respect to criteria 1122(d)(4)(i) and (4)(xi) through
(4)(xiii). The Company determined that each vendor is not considered a “servicer,” as that term is defined in Item
1101(j) of Regulation AB, and therefore, the Company is assuming responsibility for compliance with such servicing criteria applicable
to each vendor’s servicing activities. In accordance with Regulation AB and its related interpretations, the requirement
for management to assess compliance with the servicing criteria applicable to a vendor’s activities is satisfied if the Company
has instituted policies and





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procedures to monitor whether such vendor’s activities comply in all material respects with such
criteria. Compliance with the applicable servicing criteria is achieved if those policies and procedures are designed to provide
reasonable assurance that such vendor’s activities comply with such criteria and those policies and procedures are operating
effectively for the period covered by Management’s Report. Our examination does not provide a legal determination of whether
a vendor is or is not considered a servicer and, therefore, on whether the Company, in Management’s Report, is eligible to
elect to take responsibility for assessing compliance with the servicing criteria applicable to each vendor’s servicing activities.



In our opinion, management’s assertion
that Berkadia Commercial Mortgage LLC complied with the aforementioned applicable servicing criteria as of and for the year ended
December 31, 2016 for the Primary Servicing Platform is fairly stated, in all material respects.



/s/ Grant Thornton LLP



Philadelphia, Pennsylvania

February 15, 2017