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**Certification Regarding Compliance with ApplicableServicing Criteria**

 

1.       Situs Holdings, LLC (the “Company” or“Situs”), is responsible for assessing compliance with the servicing criteriaapplicable to it under paragraph (d) of item 1122 of Regulation AB, as of andfor the year ended December 31, 2017 (the “Reporting Period”), as set forth inAppendix A hereto. The transactions covered by this report (these transactionscollectively referred to as the “Special Servicing Platform”) includeasset-backed securities transactions for which Situs acted as special servicer,involving commercial mortgage loans.

 

2.       Situs has engaged certain vendors (the“Vendors”) to perform specific, limited or scripted activities for theReporting Period, and Situs has elected to take responsibility for assessingcompliance with the servicing criteria or portion of the servicing criteriaapplicable to such Vendors’ activities as set forth in Appendix A hereto.

 

3.       Except as set forth in paragraph 4 below,Situs used the criteria set forth in paragraph (d) of item 1122 of RegulationAB to assess the compliance with the applicable servicing criteria.

 

4.       The criteria listed in the column titled“Inapplicable Servicing Criteria” on Appendix A hereto are inapplicable toSitus based on the activities it performed, directly or through its Vendors,with respect to the Special Servicing Platform for the Reporting Period.

 

5.       During the reporting period, there were noadditions, removals or substitutions to the applicable asset pools for whichSitus would be required to review, approve, and execute the transaction inaccordance with the transaction agreements, therefore Situs did not perform andservicing activities related to criteria 1122(d)(4)(iii) as of and for theperiod January 1, 2017 through December 31, 2017.

 

6.       During the reporting period, there were nodelinquencies, charge-offs and uncollectible account write-offs for which Situswould be required to recognize and record the transaction in accordance withthe transaction agreements, therefore Situs did not perform any servicingactivities related to criteria 1122(d)(4)(xiv) as of and for the period January1, 2017 through December 31, 2017.

 

7.       With respect to servicing criteria1122(d)(2)(vii), Situs has engaged various vendors to perform the activitiesrequired by this servicing criteria.  Management has determined that thesevendors are not considered a “servicer” as defined in Item 1101(j) ofRegulation AB, and has elected to take responsibility for assessing compliancewith the servicing criteria applicable to each vendor as permitted by the SEC’sCompliance & Disclosure Interpretation 200.06, Vendors Engaged by Servicers(“C&DI 200.06”), formerly Interpretation 17.06 of the SEC Division ofCorporation Finance Manual of Publicly Available Telephone Interpretations. As permitted by C&DI 200.06, management asserts that it has policiesand procedures in place designed to provide reasonable assurance that thevendor’s activities comply in all material respects with the servicing criteriaapplicable to each vendor.  Management is not aware of any materialdeficiencies in such policies and procedures or any material instances ofnon-compliance of the servicing criteria as relates to the Company by suchvendors.  Management is solely responsible for determining that it meetsthe SEC requirements to apply C&DI 200.06 for the vendors and relatedcriteria.

 

8.       Situs has complied, in all materialrespects, with the applicable servicing criteria as of December 31, 2017 andfor the Reporting Period with respect to the Special Servicing Platform takenas a whole.

 

9.       RSM US LLP, as independent registered publicaccounting firm, has issued an attestation report on Situs’ assessment ofcompliance 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**                 | **ApplicaBle servicing  criteria**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | **Inapplicable servicing  criteria** |
|----------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------|
| **Reference**                          | **Criteria**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | **Performed Directly by Situs**      | **Performed by Vendor(s) for which Situs is the Responsible  Party** | **Performed by subservicer(s) or vendor(s) for which  Situs is NOT the Responsible Party** | **NOT performed by Situs or by subservicer(s) or  vendor(s) retained by Situs** |
| **General Servicing Considerations**   |
| 1122(d)(1)(i)                          | Policies and procedures are instituted to monitor any  performance or other triggers and events of default in accordance with the  transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | **X**                                |   |   |   |
| 1122(d)(1)(ii)                         | If any material servicing activities are outsourced to  third parties, policies and procedures are instituted to monitor the third  party’s performance and compliance with such servicing activities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | **X**                                |   |   |   |
| 1122(d)(1)(iii)                        | Any requirements in the transaction agreements to maintain  a back-up servicer for the pool assets are maintained.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                 |   |   | **X** |
| 1122(d)(1)(iv)                         | A fidelity bond and errors and omissions policy is in  effect on the party participating in the servicing function throughout the  reporting period in the amount of coverage required by and otherwise in  accordance with the terms of the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                   | **X**                                |   |   |   |
| 1122(d)(1)(v)                          | Requires an assessment of the conveyance and mathematical  accuracy of data that is aggregated by one party and then provided to a  servicing party.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | **X**                                | ** ** | ** ** | ** ** |
| **Cash Collection and Administration** |
| 1122(d)(2)(i)                          | Payments on pool assets are deposited into the appropriate  custodial bank accounts and related bank clearing accounts no more than two  business days of receipt, or such other number of days specified in the  transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | **X**                                |   |   |   |
| 1122(d)(2)(ii)                         | Disbursements made via wire transfer on behalf of an  obligor or to an investor are made only by authorized personnel.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | **X**                                |   |   |   |
| 1122(d)(2)(iii)                        | Advances of funds or guarantees regarding collections,  cash flows or distributions, and any interest or other fees charged for such  advances, are made, reviewed and approved as specified in the transaction  agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | **X**                                |   |   |   |
| 1122(d)(2)(iv)                         | The related accounts for the transaction, such as cash  reserve accounts or accounts established as a form of over collateralization,  are separately maintained (e.g., with respect to commingling of cash) as set  forth in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                              | **X**                                |   |   |   |
| 1122(d)(2)(v)                          | Each custodial account is maintained at a federally insured  depository institution as set forth in the transaction agreements. For  purposes of this criterion, "federally insured depository  institution" with respect to a foreign financial institution means a  foreign financial institution that meets the requirements of §240.13k-1(b)  (1) of this chapter.                                                                                                                                                                                                                                                                                                                                  | **X**                                |   |   |   |
| 1122(d)(2)(vi)                         | Unissued checks are safeguarded so as to prevent  unauthorized access.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | **X**                                |   |   |   |
| 1122(d)(2)(vii)                        | Reconciliations are prepared on a monthly basis for all  asset-backed securities related bank accounts, including custodial accounts  and related bank clearing accounts. These reconciliations: (A) Are  mathematically accurate; (B) Are prepared within 30 calendar days after the  bank statement cutoff date, or such other number of days specified in the transaction  agreements; (C) Are reviewed and approved by someone other than the person  who prepared the reconciliation; and (D) Contain explanations for reconciling  items. These reconciling items are resolved within 90 calendar days of their  original identification, or such other number of days specified in the  transaction agreements. | **X**                                | **X** |   |   |
| **Investor Remittance and Reporting**  |
| 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.                                           | **X1**                               |   |   |   |
| 1122(d)(3)(ii)                         | Amounts due to investors are allocated and remitted in  accordance with timeframes, distribution priority and other terms set forth  in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                 |   |   | **X** |
| 1122(d)(3)(iii)                        | Disbursements made to an investor are posted within two  business days to the servicer’s investor records, or such other number of  days specified in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                 |   |   | **X** |
| 1122(d)(3)(iv)                         | Amounts remitted to investors per the investor reports  agree with cancelled checks, or other form of payment, or custodial bank  statements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                                 |   |   | **X** |
| **Pool Asset Administration**          |
| 1122(d)(4)(i)                          | Collateral or security on pool assets is maintained as  required by the transaction agreements or related pool asset documents.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | **X**                                |   |   |   |
| 1122(d)(4)(ii)                         | Pool assets and related documents are safeguarded as  required by the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | **X**                                |   |   |   |
| 1122(d)(4)(iii)                        | Any additions, removals or substitutions to the asset pool  are made, reviewed and approved in accordance with any conditions or  requirements in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | **X**                                |   |   |   |
| 1122(d)(4)(iv)                         | Payments on pool assets, including any payoffs, made in  accordance with the related pool asset documents are posted to the applicable  servicer's obligor records maintained no more than two business days after  receipt, or such other number of days specified in the transaction  agreements, and allocated to principal, interest or other items (e.g.,  escrow) in accordance with the related pool asset documents.                                                                                                                                                                                                                                                                                           |                                 |   |   | **X** |
| 1122(d)(4)(v)                          | The servicer's records regarding the pool assets agree  with the servicer's records with respect to an obligor's unpaid principal  balance.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                 |   |   | **X** |
| 1122(d)(4)(vi)                         | Changes with respect to the terms or status of an  obligor's mortgage loans (e.g., loan modifications or re-aging's) are made,  reviewed and approved by authorized personnel in accordance with the  transaction agreements and related pool asset documents.                                                                                                                                                                                                                                                                                                                                                                                                                                                         | **X**                                |   |   |   |
| 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.                                                                                                                                                                                                                                                                                                                                                                                                             | **X**                                |   |   |   |
| 1122(d)(4)(viii)                       | Records documenting collection efforts are maintained  during the period a pool asset is delinquent in accordance with the  transaction agreements. Such records are maintained on at least a monthly  basis, or such other period specified in the transaction agreements, and  describe the entity's activities in monitoring delinquent pool assets  including, for example, phone calls, letters and payment rescheduling plans in  cases where delinquency is deemed temporary (e.g., illness or unemployment).                                                                                                                                                                                                   | **X**                                |   |   |   |
| 1122(d)(4)(ix)                         | Adjustments to interest rates or rates of return for pool  assets with variable rates are computed based on the related pool asset  documents.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                 |   |   | **X** |
| 1122(d)(4)(x)                          | Regarding any funds held in trust for an obligor (such as  escrow accounts) See following: (A) Such funds are analyzed, in accordance  with the obligor's pool asset documents, on at least an annual basis, or such  other period specified in the transaction agreements; (B) Interest on such  funds is paid, or credited, to obligors in accordance with applicable pool  asset documents and state laws; and (C) Such funds are returned to the  obligor within 30 calendar days of full repayment of the related pool asset,  or such other number of days specified in the transaction agreements.                                                                                                              | **X**                                |   |   |   |
| 1122(d)(4)(xi)                         | Payments made on behalf of an obligor (such as tax or  insurance payments) are made on or before the related penalty or expiration  dates, as indicated on the appropriate bills or notices for such payments,  provided that such support has been received by the servicer at least 30  calendar days prior to these dates, or such other number of days specified in  the transaction agreements.                                                                                                                                                                                                                                                                                                                   | **X**                                |   |   |   |
| 1122(d)(4)(xii)                        | Any late payment penalties in connection with any payment  to be made on behalf of an obligor are paid from the servicer’s funds and not  charged to the obligor, unless the late payment was due to the obligor’s  error or omission.                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | **X**                                |   |   |   |
| 1122(d)(4)(xiii)                       | Disbursements made on behalf of an obligor are posted  within two business days to the obligor’s records maintained by the servicer,  or such other number of days specified in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | **X**                                |   |   |   |
| 1122(d)(4)(xiv)                        | Delinquencies, charge-offs and uncollectible accounts are  recognized and recorded in accordance with the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | **X**                                |   |   |   |
| 1122(d)(4)(xv)                         | Any external enhancement or other support, identified in  Item 1114(a) (1) through (3) or Item 1115 of this Regulation AB, is  maintained as set forth in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                 |   |   | **X** |

 

 

1 Forcriteria 1122(d)(3)(i),parts B through D are not applicable to the servicing activities performed bySitus as Special Servicer.