EX-33.10 11 d672557dex3310.htm EX-33.10 EX-33.10

Exhibit 33.10

 

LOGO

 

   

 

   

AEGON USA Realty Advisors, LLC

   

6300 C Street SW                                  

   

Cedar Rapids, Iowa 52499-5554           

   

P: 319.355.8734                                    

F: 319.355.2314                                    

Report on Assessment of Compliance with Applicable Servicing Criteria Pursuant to Item 1122(d) of

Regulation AB under the Securities Exchange Act of 1934

AEGON USA Realty Advisors, LLC (“AEGON”) as special servicer for the commercial mortgage backed securities transactions:

 

   

LB-UBS Commercial Mortgage Trust 2004-C8

   

WFLD 2014-MONT Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2014–MONT

   

COMM 2013-300P Mortgage Trust, Commercial Mortgage Pass-Through Certificates

   

BAMLL Commercial Mortgage Securities Trust 2013-WBRK, Commercial Mortgage Pass-Through Certificates, Series 2013-WBRK

   

Morgan Stanley Capital I Trust 2013-WLSR Commercial Mortgage Pass-Through Certificates, Series 2013-WLSR

   

Four Times Square Trust, Commercial Mortgage Pass-Through Certificates, Series 2006-4 TS

   

CSMC Trust 2015-GLPA

   

CSMC Trust 2015-GLPB

   

GS Mortgage Securities Corporation Trust 2015-590M

   

BAMLL Commercial Mortgage Securities Trust 2015-ASTR

   

BAMLL Commercial Mortgage Securities Trust 2015-HAUL

   

BAMLL Commercial Mortgage Securities Trust 2015-200P

   

Morgan Stanley Capital I Trust 2013-ALTM Commercial Mortgage Pass-Through Certificates, Series 2013-ALTM

   

Hudson Yards 2016-10HY Mortgage Trust Commercial Mortgage Pass-Through Certificates

   

BBCMS 2016-ETC Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2016-ETC

   

Commercial Mortgage Pass-Through Certificates, Series 2016-ISQR

   

Shops at Crystals Trust 2016-CSTL Commercial Mortgage Pass-Through Certificates, Series 2016-CSTL

   

GS Mortgage Securities Corporation Trust 2016-RENT MZB Commercial Mezzanine Pass-Through Certificates, Series 2016-RENT MZB

   

BANK OF AMERICA MERRILL LYNCH COMMERCIAL MORTGAGE TRUST 2015-UBS7, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2015-UBS7BACM15U7

   

BAMLL Commercial Mortgage Securities Trust 2016-SS1

   

Credit Suisse First Boston Mortgage Securities Corp., Commercial Mortgage Pass-Through Certificates, Series 2015-C3 (Charles River)

   

COMM 2016-667M Mortgage Trust

   

CSMC Trust 2016-MFF

   

CFCRE 2016-C6 Mortgage Trust (Potomac Mills)

   

GS Mortgage Securities Trust 2016-GS4 (225 Bush Street)

   

Hilton USA Trust 2016-HHV

   

VNDO Trust 2016-350P


LOGO

 

   

DBWF 2016-85T Mortgage Trust

   

GS Mortgage Securities Corporation Trust 2017-485L

   

CSMC Trust 2017-HD

   

CSMC Trust 2017-LSTK

   

245 Park Avenue Trust 2017-245P

   

UBS Commercial Mortgage Trust 2017-C1

   

BXP Trust 2017-GM

   

HMH Trust 2017-NSS

   

IMT Trust 2017-APTS

   

CSMC 2017-MOON

   

J.P. Morgan Chase Commercial Mortgage Securities Trust 2017-MAUI

   

MAD Mortgage Trust 2017-330M

   

CGDBB Commercial Mortgage Trust 2017-BIOC

   

BXP Trust 2017-CC

   

BBCMS 2017-DELC Mortgage Trust

   

GS Mortgage Securities Corporation Trust 2017-375H

   

COMM 2017-DLTA Mortgage Trust

   

Great Wolf Trust 2017-WOLF

   

UBS Commercial Mortgage Trust 2017-C4

   

DBUBS 2017-BRBK Mortgage Trust

   

BX Trust 2017-CQHP

   

BAMLL Commercial Mortgage Securities Trust 2017-SCH

   

GS Mortgage Securities Corporation Trust 2017-FARM

   

Wells Fargo Commercial Mortgage Trust 2017-SMP

   

Wells Fargo Commercial Mortgage Trust 2017-HSDB

   

Wells Fargo Commercial Mortgage Trust 2018-BXI, Commercial Mortgage Pass-Through Certificates, Series 2018-BXI

   

Citigroup Commercial Mortgage Trust 2018-TBR, Commercial Mortgage Pass Through Certificates, Series 2018-TBR

   

Natixis Commercial Mortgage Securities Trust 2018-ALXA, Commercial Mortgage Pass-Through Certificates, Series 2018-ALXA

   

UBSCM 2018-NYCH Mortgage Trust Commercial Mortgage Pass-Through Certificates

   

BX Commercial Mortgage Trust 2018-BIOA, Commercial Mortgage Pass-Through Certificates, Series 2018-BIOA

   

Commercial Mortgage Pass Through Certificates Series 2018-C9

   

Commercial Mortgage Pass-Through Certificates Series 2018-BNK12

   

DBWF 2018-AMXP Mortgage Trust Commercial Mortgage Pass-Through Certificates

   

BX Trust 2018-GW, Commercial Mortgage Pass-Through Certificates, Series 2018-GW

   

BX Trust 2018-BILT, Commercial Mortgage Pass-Through Certificates, Series 2018-BILT

   

COMM 2018-HOME Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2018-HOME

   

DBGS 2018-BIOD Mortgage Trust Commercial Mortgage Pass-Through Certificates

   

Independence Plaza Trust 2018-INDP Commercial Mortgage Pass-Through Certificates, Series 2018-INDP

   

J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-AON Commercial Mortgage Pass-Through Certificates, Series 2018-AON

   

Commercial Mortgage Pass Through Certificates Series 2018-FL1

   

Wells Fargo Commercial Mortgage Trust 2018-1745, Commercial Mortgage Pass-Through Certificates, Series 2018-1745

   

Wells Fargo Commercial Mortgage Trust 2018-AUS, Commercial Mortgage Pass-Through Certificates, Series 2018-AUS


LOGO

 

   

Morgan Stanley Capital I Trust 2018-SUN Commercial Mortgage Pass-Through Certificates, Series 2018-SUN

   

J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-PHH, Commercial Mortgage Pass-Through Certificates, Series 2018-PHH

   

BAMLL Commercial Mortgage Securities Trust 2018-PARK

   

STWD 2018-URB Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2018-URB

   

BX Trust 2018-EXCL, Commercial Mortgage Pass-Through Certificates, Series 2018-EXCL

   

BX Commercial Mortgage Trust 2018-IND, Commercial Mortgage Pass Through Certificates, Series 2018-IND

(the “Platform”) hereby provides the following report on its assessment of compliance with the applicable servicing criteria pursuant paragraph (d) of Item 1122 of Regulation AB applicable to it and as described on Appendix A hereto.

 

  1.

AEGON is responsible for assessing its compliance with the servicing criteria applicable to it under paragraph (d) of Item 1122 of Regulation AB, as of and for the 12-month period ending December 31, 2018 (the “Reporting Period”) as noted on the accompanying Appendix A;

 

  2.

Except as set forth in paragraph 3 below, AEGON used the criteria set forth in paragraph (d) of Item 1122 of Regulation AB to assess its compliance with the applicable servicing criteria;

 

  3.

The criteria listed as “N/A” in the column titled “Performed Directly by AEGON” on Appendix A hereto are inapplicable to AEGON based on the activities it performs with respect to the Platform;

 

  4.

AEGON has complied, in all material respects, with the applicable servicing criteria as of December 31, 2018 and for the Reporting Period with respect to the Platform taken as a whole;

 

  5.

PricewaterhouseCoopers LLP, a registered public accounting firm, has issued an attestation report on AEGON’s assessment of compliance with the applicable servicing criteria for the Reporting period.

 

AEGON USA Realty Advisors, LLC  

LOGO

 

 
Lara Osterhaus  
Senior Vice President  
February 28, 2019  


LOGO

Appendix A – Servicing Criteria Applicable to AEGON

 

    

SERVICING CRITERIA

  

APPLICABLE

SERVICING CRITERIA

Reference

  

Criteria

  

Performed Directly by

AEGON

   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.    XB

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.    XB

1122(d)(1)(iii)

   Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained.    N/AA

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.    XB
   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.    XB

1122(d)(2)(ii)

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

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.    XB

 

A 

AEGON has determined servicing criteria 1122(d)(1)(iii), 1122(d)(3)(i), 1122(d)(3)(ii), 1122(d)(3)(iii), 1122(d)(3)(iv), 1122(d)(4)(v), 1122(d)(4)(ix), 1122(d)(4)(x), 1122(d)(4)(xi), 1122(d)(4)(xii), 1122(d)(4)(xiii), 1122(d)(4)(xiv) and 1122(d)(4)(xv) to be inapplicable to the activities AEGON performs with respect to the Platform.

B 

This servicing activity was not performed during the Reporting Period as there were no loans serviced on the Platform that would trigger the applicability of this criteria.


LOGO

Appendix A (cont.)

 

    

SERVICING CRITERIA

  

APPLICABLE
SERVICING CRITERIA

Reference

  

Criteria

  

Performed Directly by
AEGON

   Cash Collection and Administration (continued)   

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.    XB

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.    XB

1122(d)(2)(vi)

   Unissued checks are safeguarded so as to prevent unauthorized access.    XB

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:    XB
  

(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.

  

 

A 

AEGON has determined servicing criteria 1122(d)(1)(iii), 1122(d)(3)(i), 1122(d)(3)(ii), 1122(d)(3)(iii), 1122(d)(3)(iv), 1122(d)(4)(v), 1122(d)(4)(ix), 1122(d)(4)(x), 1122(d)(4)(xi), 1122(d)(4)(xii), 1122(d)(4)(xiii), 1122(d)(4)(xiv) and 1122(d)(4)(xv) to be inapplicable to the activities AEGON performs with respect to the Platform.

B 

This servicing activity was not performed during the Reporting Period as there were no loans serviced on the Platform that would trigger the applicability of this criteria.


LOGO

Appendix A (cont.)

 

    

SERVICING CRITERIA

  

APPLICABLE
SERVICING CRITERIA

Reference

  

Criteria

  

Performed Directly by
AEGON

   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:    N/AA
  

(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 investor’s or the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the servicer.

  

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/AA

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/AA

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/AA
   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.    XB

1122(d)(4)(ii)

   Pool assets and related documents are safeguarded as required by the transaction agreements.    XB

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.    XB

 

A 

AEGON has determined servicing criteria 1122(d)(1)(iii), 1122(d)(3)(i), 1122(d)(3)(ii), 1122(d)(3)(iii), 1122(d)(3)(iv), 1122(d)(4)(v), 1122(d)(4)(ix), 1122(d)(4)(x), 1122(d)(4)(xi), 1122(d)(4)(xii), 1122(d)(4)(xiii), 1122(d)(4)(xiv) and 1122(d)(4)(xv) to be inapplicable to the activities AEGON performs with respect to the Platform.

B 

This servicing activity was not performed during the Reporting Period as there were no loans serviced on the Platform that would trigger the applicability of this criteria.


LOGO

Appendix A (cont.)

 

    

SERVICING CRITERIA

  

APPLICABLE
SERVICING CRITERIA

Reference

  

Criteria

  

Performed Directly by
AEGON

   Pool Asset Administration   

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.    XB

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.    N/AA

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.    XB

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.    XB

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).    XB

 

A 

AEGON has determined servicing criteria 1122(d)(1)(iii), 1122(d)(3)(i), 1122(d)(3)(ii), 1122(d)(3)(iii), 1122(d)(3)(iv), 1122(d)(4)(v), 1122(d)(4)(ix), 1122(d)(4)(x), 1122(d)(4)(xi), 1122(d)(4)(xii), 1122(d)(4)(xiii), 1122(d)(4)(xiv) and 1122(d)(4)(xv) to be inapplicable to the activities AEGON performs with respect to the Platform.

B 

This servicing activity was not performed during the Reporting Period as there were no loans serviced on the Platform that would trigger the applicability of this criteria.


LOGO

Appendix A (cont.)

 

    

SERVICING CRITERIA

  

APPLICABLE
SERVICING CRITERIA

Reference

  

Criteria

  

Performed Directly by
AEGON

   Pool Asset Administration (continued)   

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.    N/AA

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;

  
  

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

   N/AA
  

(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.

  

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.    N/AA

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.    N/AA

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.    N/AA

1122(d)(4)(xiv)

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

 

A 

AEGON has determined servicing criteria 1122(d)(1)(iii), 1122(d)(3)(i), 1122(d)(3)(ii), 1122(d)(3)(iii), 1122(d)(3)(iv), 1122(d)(4)(v), 1122(d)(4)(ix), 1122(d)(4)(x), 1122(d)(4)(xi), 1122(d)(4)(xii), 1122(d)(4)(xiii), 1122(d)(4)(xiv) and 1122(d)(4)(xv) to be inapplicable to the activities AEGON performs with respect to the Platform.


LOGO

Appendix A (cont.)

 

    

SERVICING CRITERIA

  

APPLICABLE

SERVICING CRITERIA

Reference

  

Criteria

  

Performed Directly by
AEGON

   Pool Asset Administration (continued)   

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/AA

 

A 

AEGON has determined servicing criteria 1122(d)(1)(iii), 1122(d)(3)(i), 1122(d)(3)(ii), 1122(d)(3)(iii), 1122(d)(3)(iv),

 

1122(d)(4)(v), 1122(d)(4)(ix), 1122(d)(4)(x), 1122(d)(4)(xi), 1122(d)(4)(xii), 1122(d)(4)(xiii), 1122(d)(4)(xiv) and 1122(d)(4)(xv) to be inapplicable to the activities AEGON performs with respect to the Platform.