# CERTIFICATION

 

Re:          **Morgan Stanley Capital I Trust 2021-L5, Commercial Mortgage Pass-ThroughCertificates, Series 2021-L5**(the “Transaction”), issued pursuant tothe Pooling and Servicing Agreement dated as of May 1, 2021 (the “Poolingand Servicing Agreement”), executed in connection with the Transaction(capitalized terms used but not defined herein have the meanings set forth inthe Pooling and Servicing Agreement).

                                               __________________________________________

 

               I, Jane Lam, certify that:

 

               1.             Ihave reviewed this report on Form 10-K and all reports on Form 10-D required tobe filed in respect of the period covered by this report on Form 10-K of MorganStanley Capital I Trust 2021-L5 (the “Exchange Act periodic reports”);

 

               2.            Based on my knowledge, the Exchange Act periodic reports, taken as a whole, donot contain any untrue statement of a material fact or omit to state a materialfact necessary to make the statements made, in light of the circumstances underwhich such statements were made, not misleading with respect to the periodcovered by this report; 

 

               3.            Based on my knowledge, all of the distribution, servicing and other informationrequired to be provided under Form 10-D for the period covered by this reportis included in the Exchange Act periodic reports; 

 

               4.            Based on my knowledge and the servicer compliance statement(s) required in thisreport under Item 1123 of Regulation AB, and except as disclosed in theExchange Act periodic reports, the servicer(s) have fulfilled their obligationsunder the servicing agreement(s) in all material respects; and

 

               5.             Allof the reports on assessment of compliance with servicing criteria forasset-backed securities and their related attestation reports on assessment ofcompliance with servicing criteria for asset-backed securities required to beincluded in this report in accordance with Item 1122 of Regulation AB andExchange Act Rules 13a-18 and 15d-18 have been included as an exhibit to thisreport, except as otherwise disclosed in this report.  Any materialinstances of noncompliance described in such reports have been disclosed inthis report on Form 10-K.  

 

               In giving the certifications above, I have reasonably relied on informationprovided to me by the following unaffiliated parties:

 

·        Wells Fargo Bank, National Association, asTrustee

·        Wells Fargo Bank, National Association, asCertificate Administrator

·        Computershare Trust Company, NationalAssociation, as Servicing Function Participant for the CertificateAdministrator 

·        Wells Fargo Bank, National Association, asCustodian

·        Computershare Trust Company, NationalAssociation, as Servicing Function Participant for the Custodian 

·        KeyBank National Association, as MasterServicer

·        LNR Partners, LLC, as Special Servicer

·        Pentalpha Surveillance LLC, as OperatingAdvisor

·        KeyBank National Association, as MasterServicer under the BX 2020-VIVA securitization, pursuant to which the followingmortgage loans were serviced by such party: MGM Grand & Mandalay Bay (from1/1/23 to 12/31/23)

·        LNR Partners, LLC, as Special Servicerunder the GSMS 2020-GSA2 securitization, pursuant to which the followingmortgage loans were serviced by such party: Signature Office Portfolio (from1/1/23 to 12/31/23), Appletree Business Park (from 1/1/23 to 12/31/23) 

·        Argentic Services Company LP, as SpecialServicer under the MSC 2020-L4 securitization, pursuant to which the followingmortgage loans were serviced by such party: McCarthy Ranch (from 1/1/23 to12/31/23)

·        Wells Fargo Bank, National Association, asCustodian under the GSMS 2020-GSA2 securitization, pursuant to which thefollowing mortgage loans were serviced by such party: Signature OfficePortfolio (from 1/1/23 to 12/31/23), Appletree Business Park (from 1/1/23 to12/31/23) 

·        Computershare Trust Company, NationalAssociation, as Servicing Function Participant under the GSMS 2020-GSA2securitization, pursuant to which the following mortgage loans were serviced bysuch party: Signature Office Portfolio (from 1/1/23 to 12/31/23), AppletreeBusiness Park (from 1/1/23 to 12/31/23)

·        Wells Fargo Bank, National Association, asCustodian under the MSC 2020-L4 securitization, pursuant to which the followingmortgage loans were serviced by such party: McCarthy Ranch (from 1/1/23 to12/31/23) 

·        Computershare Trust Company, National Association,as Servicing Function Participant under the MSC 2020-L4 securitization,pursuant to which the following mortgage loans were serviced by such party:McCarthy Ranch (from 1/1/23 to 12/31/23) 

 

 

Date:  March 28, 2024

 

 

By /s/ Jane Lam

Name: Jane Lam

Title: President