EX-31Rule 13a-14(d)/15d-14(d) Certifications.

 

 

I,Scott Epperson, 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 theBenchmark 2021-B25 Mortgage Trust (the "Exchange Act periodicreports");

 

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 statements required in thisreport under Item 1123 of Regulation AB, and except as disclosed in theExchange Act periodic reports, the servicers have fulfilled their obligationsunder the servicing agreements 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 material instances ofnoncompliance described in such reports have been disclosed in this report onForm 10-K.

 

Ingiving the certifications above, I have reasonably relied oninformation provided to me by the following unaffiliated parties:

 

 Midland Loan Services, a Division of PNC Bank, NationalAssociation, as Master Servicer, Rialto Capital Advisors, LLC, as GeneralSpecial Servicer, Situs Holdings, LLC, as Amazon Seattle Special Servicer,Wells Fargo Bank, National Association, as Trustee and CertificateAdministrator, Wells Fargo Bank, National Association, as Custodian, PentalphaSurveillance LLC, as Operating Advisor, Computershare Trust Company, NationalAssociation, as Servicing Function Participant for the CertificateAdministrator, Computershare Trust Company, National Association, as ServicingFunction Participant for the Custodian, Midland Loan Services, a Division ofPNC Bank, National Association, as Primary Servicer for the Phillips PointMortgage Loan, CWCapital Asset Management LLC, as Special Servicer for thePhillips Point Mortgage Loan, Wilmington Trust, National Association, asTrustee for the Phillips Point Mortgage Loan, Citibank, N.A., as Custodian forthe Phillips Point Mortgage Loan, Park Bridge Lender Services LLC, as OperatingAdvisor for the Phillips Point Mortgage Loan, U.S. Bank National Association,as Servicing Function Participant for the Phillips Point Mortgage Loan, MidlandLoan Services, a Division of PNC Bank, National Association, as PrimaryServicer for the JW Marriott Nashville Mortgage Loan, CWCapital AssetManagement LLC, as Special Servicer for the JW Marriott Nashville MortgageLoan, Wilmington Trust, National Association, as Trustee for the JW MarriottNashville Mortgage Loan, Citibank, N.A., as Custodian for the JW MarriottNashville Mortgage Loan, Park Bridge Lender Services LLC, as Operating Advisorfor the JW Marriott Nashville Mortgage Loan, U.S. Bank National Association, asServicing Function Participant for the JW Marriott Nashville Mortgage Loan,Midland Loan Services, a Division of PNC Bank, National Association, as PrimaryServicer for The Galleria Office Towers Mortgage Loan, Greystone ServicingCompany LLC, as Special Servicer for The Galleria Office Towers Mortgage Loan,Wells Fargo Bank, National Association, as Trustee for The Galleria OfficeTowers Mortgage Loan, Wells Fargo Bank, National Association, as Custodian forThe Galleria Office Towers Mortgage Loan, Park Bridge Lender Services LLC, asOperating Advisor for The Galleria Office Towers Mortgage Loan, ComputershareTrust Company, National Association, as Servicing Function Participant for theCustodian for The Galleria Office Towers Mortgage Loan, Midland Loan Services,a Division of PNC Bank, National Association, as Primary Servicer for the 30Hudson Yards 67 Mortgage Loan, Greystone Servicing Company LLC, as SpecialServicer for the 30 Hudson Yards 67 Mortgage Loan, Wells Fargo Bank, NationalAssociation, as Trustee for the 30 Hudson Yards 67 Mortgage Loan, Wells FargoBank, National Association, as Custodian for the 30 Hudson Yards 67 MortgageLoan, Park Bridge Lender Services LLC, as Operating Advisor for the 30 HudsonYards 67 Mortgage Loan, Computershare Trust Company, National Association, asServicing Function Participant for the Custodian for the 30 Hudson Yards 67Mortgage Loan, Midland Loan Services, a Division of PNC Bank, NationalAssociation, as Primary Servicer for the U.S. Industrial Portfolio VI MortgageLoan, Greystone Servicing Company LLC, as Special Servicer for the U.S.Industrial Portfolio VI Mortgage Loan, Wells Fargo Bank, National Association,as Trustee for the U.S. Industrial Portfolio VI Mortgage Loan, Wells FargoBank, National Association, as Custodian for the U.S. Industrial Portfolio VIMortgage Loan, Park Bridge Lender Services LLC, as Operating Advisor for theU.S. Industrial Portfolio VI Mortgage Loan, Computershare Trust Company,National Association, as Servicing Function Participant for the Custodian forthe U.S. Industrial Portfolio VI Mortgage Loan, Midland Loan Services, aDivision of PNC Bank, National Association, as Primary Servicer for the BocaOffice Portfolio Mortgage Loan, Greystone Servicing Company LLC, as SpecialServicer for the Boca Office Portfolio Mortgage Loan, Wells Fargo Bank,National Association, as Trustee for the Boca Office Portfolio Mortgage Loan,Wells Fargo Bank, National Association, as Custodian for the Boca OfficePortfolio Mortgage Loan, Park Bridge Lender Services LLC, as Operating Advisorfor the Boca Office Portfolio Mortgage Loan, Computershare Trust Company,National Association, as Servicing Function Participant for the Custodian forthe Boca Office Portfolio Mortgage Loan, Midland Loan Services, a Division ofPNC Bank, National Association, as Primary Servicer for the 141 LivingstonMortgage Loan, Greystone Servicing Company LLC, as Special Servicer for the 141Livingston Mortgage Loan, Wells Fargo Bank, National Association, as Trusteefor the 141 Livingston Mortgage Loan, Wells Fargo Bank, National Association,as Custodian for the 141 Livingston Mortgage Loan, Park Bridge Lender ServicesLLC, as Operating Advisor for the 141 Livingston Mortgage Loan, ComputershareTrust Company, National Association, as Servicing Function Participant for theCustodian for the 141 Livingston Mortgage Loan, KeyBank National Association,as Primary Servicer for the 909 Third Avenue Mortgage Loan, KeyBank NationalAssociation, as Special Servicer for the 909 Third Avenue Mortgage Loan,Wilmington Trust, National Association, as Trustee for the 909 Third AvenueMortgage Loan, Citibank, N.A., as Custodian for the 909 Third Avenue MortgageLoan, U.S. Bank National Association, as Servicing Function Participant for the909 Third Avenue Mortgage Loan, KeyBank National Association, as PrimaryServicer for the Burlingame Point Mortgage Loan, Situs Holdings, LLC, asSpecial Servicer for the Burlingame Point Mortgage Loan, Wells Fargo Bank,National Association, as Trustee for the Burlingame Point Mortgage Loan, WellsFargo Bank, National Association, as Custodian for the Burlingame PointMortgage Loan, Pentalpha Surveillance LLC, as Operating Advisor for theBurlingame Point Mortgage Loan, and Computershare Trust Company, NationalAssociation, as Servicing Function Participant for the Custodian for theBurlingame Point Mortgage Loan.

 

 

 

Dated: March 18, 2024

 

 

/s/Scott Epperson

ScottEpperson

ChiefExecutive Officer

(seniorofficer in charge of securitization of the depositor)