| (logo)   PNC  REAL ESTATE | MIDLAND  LOAN  SERVICES |
|--------------------------------|-------------------------|

 

 

**Reporton Assessment of Compliance with Regulation AB Servicing Criteria**

 

MidlandLoan Services (“Midland”), a division of PNC Bank, NationalAssociation, is responsible for assessing compliance with the applicableservicing criteria set forth in Item 1122 (d) of Regulation AB of theSecurities and Exchange Commission (“Regulation AB”), as set forthin Appendix A.

 

Midlandhas assessed its compliance with the applicable servicing criteria as of andfor the year ended December 31, 2016 (the “Reporting Period”). Inmaking this assessment, Midland used the criteria set forth by the Securitiesand Exchange Commission (“SEC”) in Item 1122(d) of Regulation AB.This report covers all transactions serviced on the *Enterprise!* Loan ManagementSystem (the “Platform”).

 

Midlandengaged certain vendors, which are not servicers as defined in item 1101(j) ofRegulation AB (the “Vendors”), to perform specific, limited or scriptedactivities related to portions of the servicing criteria as set forth inAppendix A.  Midland elects to take responsibility for assessingcompliance with the servicing criteria or portion of the servicing criteriaapplicable to such Vendors’ activities as set forth in Appendix A.Midland has not identified and is not aware of any material instances ofnoncompliance by the Vendors with the applicable servicing criteria as ofDecember 31, 2016 and for the Reporting Period with respect to the Platformtaken as a whole, nor has it identified any material deficiencies in itspolicies and procedures to monitor the compliance by the Vendors with theapplicable servicing criteria as of December 31, 2016 and for the ReportingPeriod with respect to the Platform taken as a whole.

 

Basedon this assessment, Midland believes that, as of and for the year endedDecember 31, 2016, Midland has complied in all material respects with theapplicable servicing criteria set forth in Item 1122(d) of Regulation AB.

 

PricewaterhouseCoopersLLP, an independent registered public accounting firm, has issued anattestation report on Midland’s assessment of compliance with theapplicable servicing criteria as of and for the year ended December 31, 2016.

 

MIDLANDLOAN SERVICES

adivision of PNC Bank, National Association

 

 

/s/Steven W. Smith

StevenW. Smith

ExecutiveVice President

 

/s/Bradley J. Hauger

BradleyJ. Hauger

SeniorVice President 

 

Date:February 17, 2017

 

 

**Memberof The PNC Financial Services Group**

10851Mastin Boulevard • Overland Park, Kansas • 66210 

800-327-8083

www.pnc.com/midland

 

 

**APPENDIXA**

 

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**SERVICING CRITERIA**                                        | **APPLICABLE SERVICING CRITERIA**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
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**Reference** | ** **

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**Criteria**                                                                                                                                                                                                                                                                                                                                                                                                                                                    | ** **

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**Performed Directly by Midland** | **Performed by Vendor(s) for which Midland is the Responsible Party** |
| **General  Servicing Considerations**                                     |
| 1122(d)(1)(i)                                                             | Policies  and procedures are instituted to monitor any performance or other triggers and  events of default in accordance with the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                  | ** **

** **

X | X

(only  with respect to financial performance activities) |
| 1122(d)(1)(ii)                                                            | If  any material servicing activities are outsourced to third parties, policies and  procedures are instituted to monitor the third party’s performance and  compliance with such servicing activities.                                                                                                                                                                                                                                                                                                               | ** **

X |   |
| 1122(d)(1)(iii)                                                           | Any  requirements in the transaction agreements to maintain a back-up servicer for  the pool assets are maintained.                                                                                                                                                                                                                                                                                                                                                                                                         | N/A1 |
| 1122(d)(1)(iv)                                                            | A  fidelity bond and errors and omissions policy is in effect on the party  participating in the servicing function throughout the reporting period in the  amount of coverage required by and otherwise in accordance with the terms the  transaction agreements.                                                                                                                                                                                                                                                          | ** **

** **

X |   |
| 1122(d)(1)(v)                                                             | Aggregation  of information, as applicable, is mathematically accurate and the information  conveyed accurately reflects the information.                                                                                                                                                                                                                                                                                                                                                                                   | ** **

X |   |
| **Cash  Collection and Administration**                                   |
| 1122(d)(2)(i)                                                             | Payments  on pool assets are deposited into the appropriate custodial bank accounts and  related bank clearing accounts no more than two business days following  receipt, or such other number of days specified in the transaction  agreements.                                                                                                                                                                                                                                                                           | ** **

X |   |
| 1122(d)(2)(ii)                                                            | Disbursements  made via wire transfer on behalf of an obligor or to an investor are made  only by authorized personnel.                                                                                                                                                                                                                                                                                                                                                                                                     | X |   |
| 1122(d)(2)(iii)                                                           | Advances  of funds or guarantees regarding collections, cash flows or distributions,  and any interest or other fees charged for such advances, are made, reviewed and  approved as specified in the transaction agreements.                                                                                                                                                                                                                                                                                                | ** **

X |   |
| 1122(d)(2)(iv)                                                            | The  related accounts for the transaction, such as cash reserve accounts or  accounts established as a form of overcollateralization, are separately maintained  (e.g., with respect to commingling of cash) as set forth in the transaction  agreements.                                                                                                                                                                                                                                                                   | ** **

** **

X |   |
| 1122(d)(2)(v)                                                             | Each  custodial account is maintained at a federally insured depository institution  as set forth in the transaction agreements. For purposes of this criterion,  “federally insured depository institution” with respect to a  foreign financial institution means a foreign financial institution that  meets the requirements of Rule 13K-1(b)(1) of the Securities Exchange Act.                                                                                                                            | ** **

** **

X |   |
| 1122(d)(2)(vi)                                                            | Unissued  checks are safeguarded so as to prevent unauthorized access.                                                                                                                                                                                                                                                                                                                                                                                                                                                      | X |   |   |
| 1122(d)(2)(vii)                                                           | Reconciliations  are prepared on a monthly basis for all asset- backed securities related bank  accounts, including custodial accounts and related bank clearing accounts.  These reconciliations:                                                                                                                                                                                                                                                                                                                          |   |   |   |
|                                                                      | (A)  Are mathematically accurate;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | X |   |   |
|                                                                      | (B)  Are prepared within 30 calendar days after the bank statement cutoff date, or  such other number of days specified in the transaction agreements;                                                                                                                                                                                                                                                                                                                                                                      |  

X |   |   |
|                                                                      | (C)  Are reviewed and approved by someone other than the person who prepared the reconciliation;  and                                                                                                                                                                                                                                                                                                                                                                                                                       | X |   |   |
|                                                                      | (D)  Contain explanations for reconciling items. These reconciling items are  resolved within 90 calendar days of their original identification, or such  other number of days specified in the transaction agreements.                                                                                                                                                                                                                                                                                                     |  

X |   |   |
| **Investor  Remittances and Reporting**                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 1122(d)(3)(i)                                                             | Reports  to investors, including those to be filed with the Commission, are maintained  in accordance with the transaction agreements and applicable Commission requirements.  Specifically, such reports:                                                                                                                                                                                                                                                                                                                  |   |   |   |
|                                                                      | (A)  Are prepared in accordance with timeframes and other terms set forth in the  transaction agreements;                                                                                                                                                                                                                                                                                                                                                                                                                   | X |   |   |
|                                                                      | (B)  Provide information calculated in accordance with the terms specified in the  transaction agreements;                                                                                                                                                                                                                                                                                                                                                                                                                  | N/A1 |   |
|                                                                      | (C)  Are filed with the Commission as required by its rules and regulations; and                                                                                                                                                                                                                                                                                                                                                                                                                                            | N/A1 |   |
|                                                                      | (D)  Agree with investor’s or the trustee’s records as to the total  unpaid principal balance and number of pool assets serviced by the servicer.                                                                                                                                                                                                                                                                                                                                                               |  

N/A1 |   |
| 1122(d)(3)(ii)                                                            | Amounts  due to investors are allocated and remitted in accordance with timeframes, distribution  priority and other terms set forth in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                         |  

N/A1 |   |
| 1122(d)(3)(iii)                                                           | Disbursements  made to an investor are posted within two business days to the  servicer’s investor records, or such other number of days specified in  the transaction agreements.                                                                                                                                                                                                                                                                                                                                    |  

N/A1 |   |
| 1122(d)(3)(iv)                                                            | Amounts  remitted to investors per the investor reports agree with cancelled checks,  or other form of payment, or custodial bank statements.                                                                                                                                                                                                                                                                                                                                                                               |  

N/A1 |   |
| **Pool  Asset Administration**                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 1122(d)(4)(i)                                                             | Collateral  or security on pool assets is maintained as required by the transaction  agreements or related mortgage loan documents.                                                                                                                                                                                                                                                                                                                                                                                         |  

 

X | X

(only  with respect to removal from pools and loan assumptions) |   |
| 1122(d)(4)(ii)                                                            | Pool  assets and related documents are safeguarded as required by the transaction  agreements.                                                                                                                                                                                                                                                                                                                                                                                                                              | X |   |   |
| 1122(d)(4)(iii)                                                           | Any  additions, removals or substitutions to the asset pool are made, reviewed and  approved in accordance with any conditions or requirements in the transaction  agreements.                                                                                                                                                                                                                                                                                                                                              |  

X | X

(only  with respect to removal from pools) |   |
| 1122(d)(4)(iv)                                                            | Payments  on pool assets, including any payoffs, made in accordance with the related pool  asset documents are posted to the servicer’s obligor records maintained  no more than two business days after receipt, or such other number of days  specified in the transaction agreements, and allocated to principal, interest  or other items (e.g., escrow) in accordance with the related pool asset  documents.                                                                                                    |  

 

X |   |   |
| 1122(d)(4)(v)                                                             | The  servicer’s records regarding the pool assets agree with the  servicer’s records with respect to an obligor’s unpaid principal  balance.                                                                                                                                                                                                                                                                                                                                                              |  

X |   |   |
| 1122(d)(4)(vi)                                                            | Changes  with respect to the terms or status of an obligor’s pool asset (e.g.,  loan modifications or re-agings) are made, reviewed and approved by  authorized personnel in accordance with the transaction agreements and  related pool asset documents.                                                                                                                                                                                                                                                            |  

X | X

(only  with respect to loan assumptions) |   |
| 1122(d)(4)(vii)                                                           | Loss  mitigation or recovery actions (e.g., forbearance plans, modifications and  deeds in lieu of foreclosure, foreclosures and repossessions, as applicable)  are initiated, conducted and concluded in accordance with the timeframes or  other requirements established by the transaction agreements.                                                                                                                                                                                                                  |  

 

X |   |   |
| 1122(d)(4)(viii)                                                          | Records  documenting collection efforts are maintained during the period a pool asset is  delinquent in accordance with the transaction agreements. Such records are  maintained on at least a monthly basis, or such other period specified in the  transaction agreements, and describe the entity’s activities in  monitoring delinquent pool assets including, for example, phone calls,  letters and payment rescheduling plans in cases where delinquency is deemed  temporary (e.g., illness or unemployment). |  

 

 

X |   |   |
| 1122(d)(4)(ix)                                                            | Adjustments  to interest rates or rates of return for pool assets with variable rates are  computed based on the related pool asset documents.                                                                                                                                                                                                                                                                                                                                                                              |  

X |   |   |
| 1122(d)(4)(x)                                                             | Regarding  any funds held in trust for an obligor (such as escrow accounts):                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |
|                                                                      | (A)  Such funds are analyzed, in accordance with the obligor’s pool asset  documents, on at least an annual basis, or such other period specified in the  transaction agreements;                                                                                                                                                                                                                                                                                                                                     |  

X |   |   |
|                                                                      | (B)  Interest on such funds is paid, or credited, to obligors in accordance with  applicable pool asset documents and state laws; and                                                                                                                                                                                                                                                                                                                                                                                       |  

X |   |   |
|                                                                      | (C)  Such funds are returned to the obligor within 30 calendar days of full repayment  of the related pool asset, or such other number of days specified in the  transaction agreements.                                                                                                                                                                                                                                                                                                                                    |  

X |   |   |
| 1122(d)(4)(xi)                                                            | Payments  made on behalf of an obligor (such as tax or insurance payments) are made on  or before the related penalty or expiration dates, as indicated on the  appropriate bills or notices for such payments, provided that such support  has been received by the servicer at least 30 calendar days prior to these  dates, or such other number of days specified in the transaction agreements.                                                                                                                        |  

 

X |  

X

(with  respect to insurance and tax related activities) |   |
| 1122(d)(4)(xii)                                                           | Any  late payment penalties in connection with any payment to be made on behalf of  an obligor are paid from the servicer’s funds and not charged to the  obligor, unless the late payment was due to the obligor’s error or  omission.                                                                                                                                                                                                                                                                         |  

X |   |   |
| 1122(d)(4)(xiii)                                                          | Disbursements  made on behalf of an obligor are posted within two business days to the  obligor’s records maintained by the servicer, or such other number of  days specified in the transaction agreements.                                                                                                                                                                                                                                                                                                          |  

X |   |   |
| 1122(d)(4)(xiv)                                                           | Delinquencies,  charge-offs and uncollectible accounts are recognized and recorded in accordance  with the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                          |  

X |   |   |
| 1122(d)(4)(xv)                                                            | Any  external enhancement or other support, identified in Item 1114(a)(1) through  (3) or Item 1115 of this Regulation AB, is maintained as set forth in the transaction  agreements.                                                                                                                                                                                                                                                                                                                                       |  

N/A1 |   |
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1 Midland has determined servicing criteria1122(d)(1)(iii), 1122(d)(3)(i)(B), 1122(d)(3)(i)(C), 1122(d)(3)(i)(D), 1122(d)(3)(ii),1122(d)(3)(iii), 1122(d)(3)(iv), and 1122(d)(4)(xv) to be inapplicable to theactivities Midland performs with respect to the Platform.