** **

**UNITEDSTATES****SECURITIES ANDEXCHANGE COMMISSION** 

**Washington,D.C. 20549**

 

**FORM10-K**

 

(MarkOne)

 

| **☒** | **ANNUALREPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934** |
|-------------|-----------------------------------------------------------------------------------------|

 

**Forthe fiscal year ended December 31, 2019****or**

 

| **☐** | **TRANSITIONREPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934** |
|-------------|---------------------------------------------------------------------------------------------|

 

**Forthe transition period from _____ to _____****Commission file number of the issuing entity: 333-177354-02** 

**CentralIndex Key Number of the issuing entity: 0001552328** 

**UBS-BarclaysCommercial Mortgage Trust 2012-C2** 

**(exactname of the issuing entity as specified in its charter)**

 

**CentralIndex Key Number of the depositor: 0001532799**

**UBSCommercial Mortgage Securitization Corp.** 

**(exactname of the depositor as specified in its charter)**

 

**CentralIndex Key Number of the sponsor: 0001541886** 

**UBSReal Estate Securities Inc.** 

**(exactname of the sponsor as specified in its charter)**

 

**CentralIndex Key Number of the sponsor: 0000312070** 

**BarclaysBank PLC** 

**(exactname of the sponsor as specified in its charter)**

 

**CentralIndex Key Number of the sponsor: 0001682523** 

**StarwoodMortgage Funding II LLC** 

**(exactname of the sponsor as specified in its charter)**

 

**(formerlyknown as Archetype Mortgage Funding II LLC)** 

 

**CentralIndex Key Number of the sponsor: 0001089877** 

**KeyBankNational Association** 

**(exactname of the sponsor as specified in its charter)**

 

| **NewYork****(State or other jurisdiction of****incorporation or organization of**

**theissuing entity)** | **46-0613665**

**46-0621519**

**(I.R.S.Employer**

**IdentificationNumbers)** |
|------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------|

**c/oU.S. Bank National Association** 

**asCertificate Administrator** 

**190S. LaSalle Street** 

**Chicago,IL** 

**(Addressof principal executive offices of the issuing entity)**

 

 

 

**60603** 

**(ZipCode)**

 

**Registrant’stelephone number, including area code:** 

**(212)713-2000**

 

Securitiesregistered pursuant to Section 12(b) of the Act:

 

| Titleof each class | TradingSymbol(s) | Nameof each exchange on which registered |
|--------------------|------------------|------------------------------------------|
| None               |             |                                     |

 

Securitiesregistered pursuant to Section 12(g) of the Act:  None.

 

Indicateby check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.  ☐ Yes ☒No

 

Indicateby check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.  ☐ Yes☒ No

 

Indicateby check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.  ☒ Yes ☐ No

 

Indicateby check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every InteractiveData File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) duringthe preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

 

Notapplicable.

 

Indicateby check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (Section 229.405 of this chapter) is notcontained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statementsincorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.  

 

Notapplicable.

 

Indicateby check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”“smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

| Large                                         accelerated filer | ☐ |                                                                                  | Accelerated                                         filer         | ☐ |
|-----------------------------------------------------------------|---------|---------------------------------------------------------------------------------------|-------------------------------------------------------------------|---------|
|                                                            |    |                                                                                  |                                                              |    |
| Non-accelerated                                         filer   | ☒ | (Do                                         not check if a smaller reporting company) | Smaller                                         reporting company | ☐ |
|                                                            |    |                                                                                  |                                                              |    |
|                                                            |    |                                                                                  | Emerging                                         growth company   | ☐ |

 

Ifan emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

Indicateby check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).  ☐ Yes ☒ No

 

Statethe aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the priceat which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business dayof the registrant’s most recently completed second fiscal quarter.

 

Notapplicable.

 

Indicateby check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of theSecurities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.  ☐ Yes ☐No

 

Notapplicable.

 

Indicatethe number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date.

 

Notapplicable.

 

2 

 

**DOCUMENTSINCORPORATED BY REFERENCE**

 

Listhereunder the following documents if incorporated by reference and the Part of the Form 10-K (e.g., Part I, Part II, etc.) intowhich the document is incorporated: (1) Any annual report to security holders; (2) Any proxy or information statement; and (3)Any prospectus filed pursuant to Rule 424(b) or (c) under the Securities Act of 1933. The listed documents should be clearly describedfor identification purposes (e.g., annual report to security holders for fiscal year ended December 24, 1980).

 

Notapplicable.

 

 

3 

 

 

**EXPLANATORYNOTE**

 

ThisAnnual Report on Form 10-K includes assessments of compliance with applicable servicing criteria and accountants’ attestationreports from CoreLogic Commercial Real Estate Services, Inc. and National Tax Search, LLC.  These entities were engaged bythe master servicer under the Pooling and Servicing Agreement to remit tax payments received from the escrow accounts of borrowersto local taxing authorities, to report tax amounts due, to verify tax parcel information, and to verify non-escrow tax payments.These servicing functions are included within the servicing criteria set forth in Items 1122(d)(4)(xi) and 1122(d)(4)(xii) ofRegulation AB.  Therefore, under the principles-based definition of “servicer” set forth in Item 1101(j) of RegulationAB that looks to the functions that an entity performs, these vendors are “servicers” for the purposes of Item 1122of Regulation AB.  *See* Compliance and Disclosure Interpretations, Section 301.01 (Item 1101(j)).

 

**PARTI**

 

**Item1.  Business.**

 

Omitted.

 

**Item1A.  Risk Factors.**

 

Omitted.

 

**Item1B.  Unresolved Staff Comments.**

 

None.

 

**Item2.  Properties.**

 

Omitted.

 

**Item3.  Legal Proceedings.**

 

Omitted.

 

**Item4.  Mine Safety Disclosures.**

 

Notapplicable.

 

**PARTII**

 

**Item5.  Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.**

 

Omitted.

 

**Item6.  Selected Financial Data.**

 

Omitted.

 

**Item7.  Management’s Discussion and Analysis of Financial Condition and Results of Operations.**

 

Omitted.

 

**Item7A.  Quantitative and Qualitative Disclosures About Market Risk.**

 

Omitted.

 

**Item8.  Financial Statements and Supplementary Data.**

 

Omitted.

 

4 

 

**Item9.  Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.**

 

Omitted.

 

**Item9A.  Controls and Procedures.**

 

Omitted.

 

**Item9B.  Other Information.**

 

None.

 

**PARTIII**

 

**Item10.  Directors, Executive Officers and Corporate Governance.**

 

Omitted.

 

**Item11.  Executive Compensation.**

 

Omitted.

 

**Item12.  Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.**

 

Omitted.

 

**Item13.  Certain Relationships and Related Transactions, and Director Independence.**

 

Omitted.

 

**Item14.  Principal Accounting Fees and Services.**

 

Omitted.

 

**ADDITIONALDISCLOSURE ITEMS FOR REGULATION AB**

 

**Item1112(b) of Regulation AB, Significant Obligor Financial Information.**

 

Nosingle obligor represents 10% or more of the pool assets held by the issuing entity.

 

**Item1114(b)(2) of Regulation AB, Significant Enhancement Provider Financial Information.**

 

Noentity or group of affiliated entities provides any external credit enhancement or other support for the certificates within thistransaction as described under Item 1114(a) of Regulation AB.

 

**Item1115(b) of Regulation AB, Certain Derivatives Instruments (Financial Information).**

 

Noentity or group of affiliated entities provides any derivative instruments or other support for the certificates within this transactionas described under Item 1115 of Regulation AB.

 

**Item1117 of Regulation AB, Legal Proceedings.**

 

Theregistrant knows of no material pending legal proceeding involving the trust or any party related to the trust, other than routinelitigation incidental to the duties of those respective parties.

 

**Item1119 of Regulation AB, Affiliations and Certain Relationships and Related Transactions.**

 

Theinformation regarding this Item has been previously provided in a prospectus supplement of the Registrant relating to the issuingentity filed on July 16, 2012 pursuant to Rule 424(b)(5).

 

5 

 

**Item1122 of Regulation AB, Compliance with Applicable Servicing Criteria.**

 

Thereports on assessments of compliance with the servicing criteria for asset-backed securities and related attestation reports onsuch assessments of compliance with respect to the mortgage loans are attached hereto under Item 15 to this Annual Report on Form10-K. Attached as Schedule II to the Pooling and Servicing Agreement incorporated by reference as Exhibit 4 to this Annual Reporton Form 10-K is a chart identifying the entities participating in a servicing function for the transaction responsible for eachapplicable servicing criteria set forth in Item 1122(d).

 

**Item1123 of Regulation AB, Servicer Compliance Statement.**

 

Theservicer compliance statements are attached as Exhibits to this Annual Report on Form 10-K.

 

**PARTIV**

 

**Item15. Exhibits, Financial Statement Schedules**

 

(a)The following is a list of documents filed as part of this Annual Report on Form 10-K:

 

|   | (1) | Notapplicable |
|--------|-----|---------------|

 

|   | (2) | Notapplicable |
|--------|-----|---------------|

 

|   | (3) | Seebelow |
|--------|-----|----------|

 

| 4
Pooling and Servicing Agreement, dated as of July 1, 2012, by and among UBS Commercial Mortgage Securitization Corp., as Depositor, Wells Fargo Bank, National Association, as Master Servicer, CWCapital Asset Management LLC, as Special Servicer, Pentalpha Surveillance LLC, as Operating Advisor, and U.S. Bank National Association, as Trustee, Certificate Administrator, Paying Agent and Custodian (filed as Exhibit 4 to the registrant’s Current Report on Form 8-K filed on July 17, 2012 under Commission File No. 333-177354-02 and incorporated by reference herein).
 
31Rule    13a-14(d)/15d-14(d) Certifications.  33Reports    on assessment of compliance with servicing criteria for asset-backed securities.  33.1Wells    Fargo Bank, National Association, as Master Servicer  33.2CWCapital    Asset Management LLC, as Special Servicer  33.3U.S.    Bank National Association, as Trustee, Certificate Administrator and Custodian  33.4Pentalpha    Surveillance LLC, as Operating Advisor  33.5CoreLogic    Commercial Real Estate Services, Inc., as Servicing Function Participant  33.6National    Tax Search, LLC, as Servicing Function Participant  34Attestation    reports on assessment of compliance with servicing criteria for asset-backed securities.  34.1Wells    Fargo Bank, National Association, as Master Servicer  34.2CWCapital    Asset Management LLC, as Special Servicer  34.3U.S.    Bank National Association, as Trustee, Certificate Administrator and Custodian  34.4Pentalpha    Surveillance LLC, as Operating Advisor  34.5CoreLogic    Commercial Real Estate Services, Inc., as Servicing Function Participant  34.6National    Tax Search, LLC, as Servicing Function Participant  35Servicer    compliance statements.  35.1Wells    Fargo Bank, National Association, as Master Servicer  35.2CWCapital    Asset Management LLC, as Special Servicer  35.3U.S.    Bank National Association, as Certificate Administrator
 

6 

 

99.1
MortgageLoan Purchase Agreement, dated as of July 17, 2012, among UBS Real Estate Securities Inc., UBS Commercial Mortgage SecuritizationCorp. and Barclays Bank PLC (filed as Exhibit 99.1 to the registrant’s Current Report on Form 8-K filed on July 17, 2012 under Commission File No. 333-177354-02 and incorporated by reference herein)
 

99.2
Mortgage Loan Purchase Agreement, dated as of July 17, 2012, between Barclays Bank, PLC and UBS Commercial Mortgage Securitization Corp. (filedas Exhibit 99.2 to the registrant’s Current Report on Form 8-K filed on July 17, 2012 under Commission File No. 333-177354-02and incorporated by reference herein)
 

99.3
Mortgage Loan Purchase Agreement, dated as of July 17, 2012, between Archetype Mortgage Funding II LLC and UBS Commercial Mortgage Securitization Corp. (filedas Exhibit 99.3 to the registrant’s Current Report on Form 8-K filed on July 17, 2012 under Commission File No. 333-177354-02and incorporated by reference herein)
 

99.4
Mortgage Loan Purchase Agreement, dated as of July 17, 2012, between KeyBank National Association and UBS Commercial Mortgage Securitization Corp. (filedas Exhibit 99.4 to the registrant’s Current Report on Form 8-K filed on July 17, 2012 under Commission File No. 333-177354-02and incorporated by reference herein)
 

(b)  The exhibits required to be filed by the Registrant pursuant to Item 601 of Regulation S-K are listed above.

 

(c)   Not Applicable.

 

7 

 

**SIGNATURES**

 

Pursuantto the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this reportto be signed on its behalf by the undersigned, thereunto duly authorized.

 

UBSCommercial Mortgage Securitization Corp.(Depositor)

 

/s/Nicholas Galeone

 

NicholasGaleone, President

 

(seniorofficer in charge of securitization of the depositor)

 

 

Date:March 25, 2020

 

/s/David Schell

 

DavidSchell, Managing Director

 

 

Date:March 25, 2020

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