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GS Mortgage Securities Trust 2014-GC24 10-K2020 FY Annual report

Filed: 19 Mar 21, 9:56am
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8th grade Bad
New words: accepted, additionally, adhere, August, failed, firm, internal, Nomura, notice, oversee, oversight, public, representation, sued, underlying, warranty
Removed: month
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    SEC
    • 10-K Annual report
    • 31 Management certification of annual or quarterly disclosure
    • 33.1 Report on assessment of compliance with servicing criteria for asset-backed issuers
    • 33.2 Report on assessment of compliance with servicing criteria for asset-backed issuers
    • 33.3 Report on assessment of compliance with servicing criteria for asset-backed issuers
    • 33.4 Report on assessment of compliance with servicing criteria for asset-backed issuers
    • 33.5 Report on assessment of compliance with servicing criteria for asset-backed issuers
    • 33.6 Report on assessment of compliance with servicing criteria for asset-backed issuers
    • 34.1 Attestation report on assessment of compliance with servicing criteria for asset-backed securities
    • 34.2 Attestation report on assessment of compliance with servicing criteria for asset-backed securities
    • 34.3 Attestation report on assessment of compliance with servicing criteria for asset-backed securities
    • 34.4 Attestation report on assessment of compliance with servicing criteria for asset-backed securities
    • 34.5 Attestation report on assessment of compliance with servicing criteria for asset-backed securities
    • 34.6 Attestation report on assessment of compliance with servicing criteria for asset-backed securities
    • 35.1 Servicer compliance statement
    • 35.2 Servicer compliance statement
    • 35.3 Servicer compliance statement
    • 35.4 Servicer compliance statement
    GS Mortgage Securities Trust 2014-GC24 similar filings
    • 2021 FY Annual report
    • 2020 FY Annual report
    • 2019 FY Annual report
    • 2018 FY Annual report
    • 2017 FY Annual report (amended)
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    (logo) pwc

     

     

    Report of Independent Registered Public Accounting Firm

     

    To the Board of Directors, The PNC Financial Services Group, Inc.

     

    We have examined management’s assertion, included in the accompanying Management’s Report on Assessment of Compliance with SEC Regulation AB Servicing Criteria, that Midland Loan Services’, a division of PNC Bank, National Association (“Midland” or the “Company”), complied with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission’s Regulation AB for all transactions serviced on the Enterprise! ® Loan Management System (the “Platform”) as of December 31, 2020 and for the year then ended excluding criteria 1122(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), which the Company has determined are not applicable to the servicing activities performed by them with respect to the Platform. Midland’s management is responsible for its assertion and for the Company’s compliance with the applicable servicing criteria. Our responsibility is to express an opinion on management’s assertion about the Company’s compliance with the applicable servicing criteria based on our examination.

     

    As described in management’s assertion, for servicing criteria 1122(d)(1)(i), 1122(d)(2)(ii), 1122(d)(4)(i), 1122(d)(4)(iii), 1122(d)(4)(vi), and 1122(d)(4)(xi), the Company has engaged certain vendors to perform the activities required by these servicing criteria. The Company has determined that these vendors are not considered “servicers” as defined in Item 1101(j) of Regulation AB, and the Company has elected to take responsibility for assessing compliance with the servicing criteria applicable to each vendor as permitted by Compliance and Disclosure Interpretation 200.06 of the SEC Division of Corporation Finance’s interpretations of the rules adopted under Regulation AB and the Securities Act and the Exchange Act (“Interpretation 200.06”). As permitted by Interpretation 200.06, the Company has asserted that it has policies and procedures in place designed to provide reasonable assurance that the vendors’ activities comply in all material respects with the servicing criteria applicable to each vendor. The Company is solely responsible for determining that it meets the SEC requirements to apply Interpretation 200.06 for the vendors and related criteria as described in its assertion, and we performed no procedures with respect to the Company’s determination of its eligibility to use Interpretation 200.06.

     

    Our examination was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether management’s assertion about compliance with the applicable servicing criteria is fairly stated, in all material respects, and, accordingly, included examining, on a test basis, evidence about the Company’s compliance with the applicable servicing criteria and performing such other procedures as we considered necessary in the circumstances. Our examination included testing of selected asset-backed transactions and securities that comprise the Platform, testing of selected servicing activities related to the Platform, and determining whether the Company processed those selected transactions and performed those selected activities in compliance with the applicable servicing criteria. Our procedures were limited to the selected transactions and servicing activities performed by the Company during the period covered by this report. Our procedures were not designed to detect noncompliance arising from errors that may have occurred prior to or subsequent to our tests that may have affected the balances or amounts calculated or reported by the Company during the period covered by this report. We believe that our examination provides, and that the evidence we obtained is sufficient and appropriate to provide, a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company’s compliance with the servicing criteria.

     

    In our opinion, management’s assertion that Midland complied with the aforementioned applicable servicing criteria as of and for the year ended December 31, 2020 for all transactions serviced on the Enterprise! Loan Management System is fairly stated, in all material respects.

     

    /s/ PricewaterhouseCoopers LLP

     

    February 19, 2021

     

     

    PricewaterhouseCoopers LLP, 1100 Walnut Street, Suite 1300, Kansas City, MO 64106

    T: (816) 472 7921, F: (816) 218 1890 www.pwc.com/us

     

     

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