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

 

 

I, Leah Nivison, certify that:

 

1. I have reviewed this report on Form 10-K and all reports onForm 10-D required to be filed in respect of the period covered by this report onForm 10-K of the Benchmark 2021-B25 Mortgage Trust (the "Exchange Actperiodic reports");

 

2. Based on my knowledge, the Exchange Act periodic reports, takenas a whole, do not contain any untrue statement of a material fact or omit tostate a material fact necessary to make the statements made, in light of thecircumstances under which such statements were made, not misleading withrespect to the period covered by this report;

 

3. Based on my knowledge, all of the distribution, servicing andother information required to be provided under Form 10-D for the periodcovered by this report is included in the Exchange Act periodic reports;

 

4. Based on my knowledge and the servicer compliance statementsrequired in this report under Item 1123 of Regulation AB, and except asdisclosed in the Exchange Act periodic reports, the servicers have fulfilledtheir obligations under the servicing agreements in all material respects; and

 

5. All of the reports on assessment of compliance with servicingcriteria for asset-backed securities and their related attestation reports onassessment of compliance with servicing criteria for asset-backed securitiesrequired to be included in this report in accordance with Item 1122 ofRegulation AB and Exchange Act Rules 13a-18 and 15d-18 have been included as anexhibit to this report, except as otherwise disclosed in this report. Anymaterial instances of noncompliance described in such reports have beendisclosed in this report on Form 10-K.

 

In giving 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 on and after November 1, 2021, Computershare Trust Company,National Association, as Servicing Function Participant for the Custodian onand after November 1, 2021, Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer for the Phillips Point Mortgage Loan,CWCapital Asset Management LLC, as Special Servicer for the Phillips PointMortgage Loan, Wilmington Trust, National Association, as Trustee for thePhillips Point Mortgage Loan, Citibank, N.A., as Custodian for the PhillipsPoint Mortgage Loan, Park Bridge Lender Services LLC, as Operating Advisor forthe Phillips Point Mortgage Loan, U.S. Bank National Association, as ServicingFunction Participant for the Phillips Point Mortgage Loan, Midland LoanServices, a Division of PNC Bank, National Association, as Primary Servicer forthe JW Marriott Nashville Mortgage Loan, CWCapital Asset Management LLC, asSpecial Servicer for the JW Marriott Nashville Mortgage Loan, Wilmington Trust,National Association, as Trustee for the JW Marriott Nashville Mortgage Loan,Citibank, N.A., as Custodian for the JW Marriott Nashville Mortgage Loan, ParkBridge Lender Services LLC, as Operating Advisor for the JW Marriott NashvilleMortgage Loan, U.S. Bank National Association, as Servicing FunctionParticipant for the JW Marriott Nashville Mortgage Loan, Midland Loan Services,a Division of PNC Bank, National Association, as Primary Servicer for TheGalleria Office Towers Mortgage Loan, Greystone Servicing Company LLC, asSpecial Servicer for The Galleria Office Towers Mortgage Loan, Wells FargoBank, National Association, as Trustee for The Galleria Office Towers MortgageLoan, Wells Fargo Bank, National Association, as Custodian for The GalleriaOffice Towers Mortgage Loan, Park Bridge Lender Services LLC, as OperatingAdvisor for The Galleria Office Towers Mortgage Loan, Computershare TrustCompany, National Association, as Servicing Function Participant for theCustodian for The Galleria Office Towers Mortgage Loan on and afterNovember 1, 2021, Midland Loan Services, a Division of PNC Bank, NationalAssociation, as Primary Servicer for the 30 Hudson Yards 67 Mortgage Loan,Greystone Servicing Company LLC, as Special Servicer for the 30 Hudson Yards 67Mortgage Loan, Wells Fargo Bank, National Association, as Trustee for the 30Hudson Yards 67 Mortgage Loan, Wells Fargo Bank, National Association, asCustodian for the 30 Hudson Yards 67 Mortgage Loan, Park Bridge Lender ServicesLLC, as Operating Advisor for the 30 Hudson Yards 67 Mortgage Loan,Computershare Trust Company, National Association, as Servicing FunctionParticipant for the Custodian for the 30 Hudson Yards 67 Mortgage Loan on andafter November 1, 2021, Midland Loan Services, a Division of PNC Bank,National Association, as Primary Servicer for the U.S. Industrial Portfolio VIMortgage Loan, Greystone Servicing Company LLC, as Special Servicer for theU.S. Industrial Portfolio VI Mortgage Loan, Wells Fargo Bank, NationalAssociation, as Trustee for the U.S. Industrial Portfolio VI Mortgage Loan,Wells Fargo Bank, National Association, as Custodian for the U.S. IndustrialPortfolio VI Mortgage Loan, Park Bridge Lender Services LLC, as OperatingAdvisor for the U.S. Industrial Portfolio VI Mortgage Loan, Computershare TrustCompany, National Association, as Servicing Function Participant for theCustodian for the U.S. Industrial Portfolio VI Mortgage Loan on and afterNovember 1, 2021, Midland Loan Services, a Division of PNC Bank, NationalAssociation, as Primary Servicer for the Boca Office Portfolio Mortgage Loan,Greystone Servicing Company LLC, as Special Servicer for the Boca OfficePortfolio Mortgage Loan, Wells Fargo Bank, National Association, as Trustee forthe Boca Office Portfolio Mortgage Loan, Wells Fargo Bank, NationalAssociation, as Custodian for the Boca Office Portfolio Mortgage Loan, ParkBridge Lender Services LLC, as Operating Advisor for the Boca Office PortfolioMortgage Loan, Computershare Trust Company, National Association, as ServicingFunction Participant for the Custodian for the Boca Office Portfolio MortgageLoan on and after November 1, 2021, 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 on and after November 1,2021, KeyBank National Association, as Primary Servicer for the 909 ThirdAvenue Mortgage Loan, KeyBank National Association, as Special Servicer for the909 Third Avenue Mortgage Loan, Wilmington Trust, National Association, asTrustee for the 909 Third Avenue Mortgage Loan, Citibank, N.A., as Custodianfor the 909 Third Avenue Mortgage Loan, U.S. Bank National Association, asServicing Function Participant for the 909 Third Avenue Mortgage Loan, KeyBankNational Association, as Primary Servicer for the Burlingame Point MortgageLoan, Situs Holdings, LLC, as Special Servicer for the Burlingame PointMortgage Loan, Wells Fargo Bank, National Association, as Trustee for theBurlingame Point Mortgage Loan, Wells Fargo Bank, National Association, asCustodian for the Burlingame Point Mortgage Loan, Pentalpha Surveillance LLC,as Operating Advisor for the Burlingame Point Mortgage Loan, and ComputershareTrust Company, National Association, as Servicing Function Participant for theCustodian for the Burlingame Point Mortgage Loan on and after November 1,2021.

 

 

 

Dated:March 14,2022

 

 

/s/ Leah Nivison

Leah Nivison

Chief Executive Officer

(seniorofficer in charge of securitization of the depositor)