EX-33.3 5 ccc16c28_33-3.htm ccc16c28_33-3.htm - Generated by SEC Publisher for SEC Filing

 

 

(logo) CW

Corporate Headquarters

New York

Dallas

 

 

 

 

 

900 19th ST NW, 8th Floor

400 Madison Ave, Ste 6AB

5215 N O’Connor Blvd. Ste 350

 

Washington, DC 20006

New York, NY 10017

Irving, TX 75039

 

202 715 9500

645 253 8800

214 438 6300

 

 

February 25, 2026

 

Management’s Assertion on Compliance with Regulation AB Criteria

 

   Re:       Assessment of Compliance for services provided pursuant to the Pooling and Servicing Agreements entered into by CWCapital Asset Management LLC as of December 31, 2025 and for the period from January 1, 2025 through December 31, 2025.

 

CWCapital Asset Management LLC (“CWCAM”) is responsible for assessing compliance with applicable servicing criteria set forth in Item 1122 (d) of Regulation AB of the Securities and Exchange Commission  as of December 31, 2025 and for the period from January 1, 2025 through December 31, 2025, as listed on Appendix A (“Applicable Servicing Criteria”).

 

CWCAM has assessed its compliance with the applicable servicing criteria as of December 31, 2025 and for the period from January 1, 2025 to December 31, 2025 (the “Reporting Period”).  In making this assessment, management used the criteria set forth by the Securities and Exchange Commission in paragraph (d) of Item 1122 of Regulation AB, excluding the criteria set forth in Item 1122 (d)(1)(iii), (d)(3)(i)(B), (d)(3)(i)(C), (d)(3)(i)(D), (d)(3)(ii), (d)(3)(iii), (d)(3)(iv), (d)(4)(v), (d)(4)(ix), (d)(4)(x), (d)(4)(xi), (d)(4)(xii), (d)(4)(xiii), (d)(4)(xiv), and (d)(4)(xv) of Regulation AB, which CWCAM has concluded are not applicable to the activities it performs (collectively, the “Not Applicable Criteria”). With respect to applicable servicing criteria (d)(1)(ii), (d)(2)(vi), (d)(4)(i), (d)(4)(iii), and (d)(4)(iv), CWCAM has determined that there were no occurrences of events that would require CWCAM to perform such activities. The transactions covered by this report include the securities transactions that were issued on or after January 1, 2005 for which CWCAM acted as the special servicer listed in Appendix B (the “Platform”).

 

Based on such assessment, management believes, as of December 31, 2025 and for the Reporting Period, the following:

 

1) CWCAM has determined that the Not Applicable Criteria are in fact not applicable to the activities it performs with respect to the Platform.

2) CWCAM has complied in all material respects with the Applicable Servicing Criteria set forth in Item 1122.

 

CohnReznick LLP, an independent registered public accounting firm, has issued an attestation report on CWCAM’s management’s assessment of compliance with the Applicable Servicing Criteria as of December 31, 2025 and for the period from January 1, 2025 through December 31, 2025.

 

 

CWCapital Asset Management LLC

 

By: /s/ David B. Iannarone

Date: February 25, 2026

David B. Iannarone

 

Chief Executive Officer

 

 

 

By: /s/ Bruce Cunningham

Date: February 25, 2026

Bruce Cunningham

 

Chief Financial Officer

 

 

 

(logo) CW R REALINSIGHT R MARKETPLACE

 

 

Appendix A

 

Applicable Servicing Criteria

 

 

 

Relevant Servicing Criteria

 

Reference

Criteria

CWCAM

 

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.

Applicable

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.

Applicable

1122(d)(1)(iii)

Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained.

Not Applicable

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 of the transaction agreements.

Applicable

1122(d)(1)(v)

Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information.

Applicable

 

Cash Collection and Administration

 

1122(d)(2)(i)

Payments on mortgage loans 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.

Applicable

1122(d)(2)(ii)

Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.

Applicable

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.

Applicable

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.

Applicable

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.

Applicable

1122(d)(2)(vi)

Unissued checks are safeguarded so as to prevent unauthorized access.

Applicable

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; (B) are prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) are reviewed and approved by someone other than the person who prepared the reconciliation; and (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.

Applicable

 

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; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of mortgage loans serviced by the Servicer.

(A)   Applicable

(B)   Not Applicable

(C)   Not Applicable

(D)   Not Applicable

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.

Not Applicable

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.

Not Applicable

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.

Not Applicable

 

Pool Asset Administration

 

1122(d)(4)(i)

Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents.

Applicable

1122(d)(4)(ii)

Mortgage loan and related documents are safeguarded as required by the transaction agreements.

Applicable

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.

Applicable

1122(d)(4)(iv)

Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan 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 mortgage loan documents.

Applicable

1122(d)(4)(v)

The Servicer’s records regarding the mortgage loans agree with the Servicer’s records with respect to an obligor’s unpaid principal balance.

 Not Applicable

1122(d)(4)(vi)

Changes with respect to the terms or status of an obligor’s mortgage loans (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.

Applicable

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.

Applicable

1122(d)(4)(viii)

Records documenting collection efforts are maintained during the period a mortgage loan 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 mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment).

Applicable

1122(d)(4)(ix)

Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents.

Not Applicable

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 mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction agreements.

Not Applicable

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.

Not Applicable

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.

Not Applicable

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.

Not Applicable

1122(d)(4)(xiv)

Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.

Not Applicable

1122(d)(4)(xv)

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

Not Applicable

 

 

Appendix B

Platform

 

AHPT 2024-ATRM

 

       COMM 2015-CCRE26

MHP 2021-STOR

AHPT 2025-ATRM

 

       COMM 2016-CCRE28

MLCFC 2006-1

Aventura 2018-AVM

 

COMM 2016-DC2

MLCFC 2007-5

BAHA 2024-MAR

 

COMM 2019-GC44

MLMT 2006-C1

BANC 2019-CRE5

 

COMM 2022-HC

MOFT 2020-ABC

BANK 2020-BNK25

 

CORE 2019-CORE

MSBAM 2013-C12

BANK 2020-BNK27

 

CPTS 2019-CPT

MSBAM 2015-C27

BANK 2021-BNK37

 

CSAIL 2017-CX10

MSC 2013-ALTM

BANK 2022-BNK40

 

CSAIL 2017-C8

MSC 2019-PLND

BANK5 2023-5YR1

 

CSMC 2014-USA

MSC 2021-ILP

BANK5 2023-5YR2

 

DBJPM 2020-C9

MSC 2024-BPR2

BBCMS 2025-C35

 

DBUBS 2011-LC3

MSCI 2016-UBS9

BENCHMARK 2018-B4

 

DCOT 2019-MTC

NRTH 2025-Park

BENCHMARK 2018-B8

 

DROP 2021-FILE

NOHT 2019-HNLA

BENCHMARK 2021-B23

 

ELMCL 2024-GTWY

ONE 2021-PARK

BHMS 2018-ATLS

 

EQUS 2021-EQAZ

OPG 2021-PORT

BLP 2023-IND

 

GSMS 2014-GC22

PKHL 2021-MF

BMARK 2018-B2

 

GSMS 2015-GC32

SDR 2024-DSNY

BMARK 2019-B12

 

GSMS 2020-GC45

SMR 2022-IND

BMARK 2021-B30

 

GSMS 2021-STAR

SREIT 2021-FLWR

BMARK 2025-B41

 

HGI 2022-FL3

SREIT 2021-MFP

BMO 2022-C1

 

HILT 2016-HHV

SREIT 2021-PALM

BMO 2024-5C5

 

HTL CMT 2024-T53

  Texas 2025-TWR

BPR 2021-NRD

 

Hudson Yards 2019-55HY

VNDO 2016-350P

BPR 2022-SSP

 

INFN 2025-1

WBCMT 2006-C23

BSCMS 2007-PWR18

 

JPMBB 2013-C15

WBCMT 2006-C28

BSCMS 2007-TOP26

 

JPMBB 2014-C26

WBHT 2019-WBM

BSTN 2025-HUB

 

JPMBB 2015-C33

WFCM 2016-C35

BX 2017-CQHP

 

JPMC 2006-CIBC17

WFCM 2016-NXS6

BX 2024-PALM

 

JPMCC 2013-C10

  WFCM 2018-1745

BX 2025-BI03

 

JPMCC 2014-DSTY

WFCM 2019-JWDR

CF 2019-CF1

 

JPMCC 2017-JP7

WFCM 2021-C61

CFCRE 2016-C3

 

JPMCC 2018-ASH8

WFCM 2024-SVEN

CGCMT 2016-P4

 

JPMCC 2019-ICON UES

  WFCM 2025-B33 RP

CGCMT 2016-P6

 

JPMCC 2020-NNN

  WFCM 2025-5C7

CGCMT 2020-GC46

 

JPMCC 2021-MHC

  WFCM 2025-HI

COBALT 2007-C2

 

JPMDB 2017-C5

WFRBS 2013-C11

COMM 2013-CCRE11

 

LBA 2024-BOLT

WFRBS 2013-C15

COMM 2014-CCRE20

 

LBUBS 2006-C6

WFRBS 2014-C23

COMM 2014-UBS5

 

MHC 2021-MHC

WFRBS 2014-C25

  COMM 2015-CCRE25

 

  MHC 2021-MHC2