# CERTIFICATION

 

Re:       **Morgan StanleyCapital I Trust 2021-L5, Commercial Mortgage Pass-Through Certificates, Series2021-L5**(the “Transaction”), issued pursuant to the Pooling andServicing Agreement dated as of May 1, 2021 (the “Pooling and ServicingAgreement”), executed in connection with the Transaction (capitalized termsused but not defined herein have the meanings set forth in the Pooling andServicing Agreement).

                                   __________________________________________

 

           I, Jane Lam, certify that:

 

           1.         I have reviewed this reporton Form 10-K and all reports on Form 10-D required to be filed in respect ofthe period covered by this report on Form 10-K of Morgan Stanley Capital ITrust 2021-L5 (the “Exchange Act periodic reports”);

 

           2.         Based on my knowledge, theExchange Act periodic reports, taken as a whole, do not contain any untruestatement of a material fact or omit to state a material fact necessary to makethe statements made, in light of the circumstances under which such statementswere made, not misleading with respect to the period covered by this report; 

 

           3.         Based on my knowledge, allof the distribution, servicing and other information required to be providedunder Form 10-D for the period covered by this report is included in theExchange Act periodic reports; 

 

           4.         Based on my knowledge andthe servicer compliance statement(s) required in this report under Item 1123 ofRegulation AB, and except as disclosed in the Exchange Act periodic reports,the servicer(s) have fulfilled their obligations under the servicingagreement(s) in all material respects; and

 

           5.         All of the reports onassessment of compliance with servicing criteria for asset-backed securitiesand their related attestation reports on assessment of compliance withservicing criteria for asset-backed securities required to be included in thisreport in accordance with Item 1122 of Regulation AB and Exchange Act Rules13a-18 and 15d-18 have been included as an exhibit to this report, except asotherwise disclosed in this report.  Any material instances ofnoncompliance described in such reports have been disclosed in this report onForm 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 (from 11/1/21 to 12/31/21)

·        Wells Fargo Bank, National Association, asCustodian

·        Computershare Trust Company, NationalAssociation, as Servicing Function Participant for the Custodian (from 11/1/21to 12/31/21)

·        KeyBank National Association, as MasterServicer

·        LNR Partners, LLC, as Special Servicer

·        Pentalpha Surveillance LLC, as OperatingAdvisor

·        KeyBank National Association, as Master Servicerunder the BX 2020-VIVA securitization, pursuant to which the following mortgageloans were serviced by such party: MGM Grand & Mandalay Bay 

·        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 (from5/11/21 to 12/31/21), Appletree Business Park (from 5/11/21 to 12/31/21) 

·        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 5/11/21 to12/31/21)

·        Wells Fargo Bank, National Association, asCustodian under the GSMS 2020-GSA2 securitization, pursuant to which the followingmortgage loans were serviced by such party: Signature Office Portfolio (from5/11/21 to 12/31/21), Appletree Business Park (from 5/11/21 to 12/31/21) 

·        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 11/1/21 to 12/31/21), AppletreeBusiness Park (from 11/1/21 to 12/31/21) 

·        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 5/11/21 to12/31/21) 

·        Computershare Trust Company, NationalAssociation, as Servicing Function Participant under the MSC 2020-L4securitization, pursuant to which the following mortgage loans were serviced bysuch party: McCarthy Ranch (from 11/1/21 to 12/31/21)

 

 

 

Date: March 30, 2022

 

 

By /s/ Jane Lam

     Name: Jane Lam

     Title: President