Attached files
(Management's
Assertion), that Pentalpha Surveillance, LLC (the Company) complied
with the servicing
by the
Company that are encompassed by contractual obligations to perform
Regulation AB reporting (the
Platform), including only those asset-backed securities transactions defined below, as of and for the year
ended December 31, 2013, excluding the following criteria set forth in Items 1122(d)(1)(i-iv),
1122(d)(2)(i-vii), 1122(d)(3)(ii-iv), 1122(d)(4)(i-vi) and 1122(d)(4)(viii-xv), which management has
determined are not applicable to the activities performed by the Company with respect to the Platform
covered by this report. The Exhibit to management's assertion identifies the individual asset-backed
transactions defined by management as constituting the Platform. Management is responsible 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.
Our examination was conducted in accordance with attestation standards established by the American
Institute of Certified Public Accountants, as adopted by the Public Company Accounting Oversight Board
(United States) and, accordingly, included examining, on a test basis, evidence about the Company’s compliance with the applicable servicing criteria, including tests on a sample basis of the servicing activities related to the Platform, determining whether the Company performed those activities in compliance with the servicing criteria during the specified period and performing such other procedures as we considered necessary in the circumstances. Our procedures were limited to selected servicing activities performed by the Company during the period covered by this report and, accordingly, such samples may not have included servicing activities related to each asset-backed transaction in the Platform. Further, an examination is not designed to detect noncompliance arising from errors that may have occurred prior to the period specified above 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 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 Pentalpha Surveillance, LLC complied with the aforementioned applicable servicing criteria as of and for the year ended December 31, 2013 for the Platform, is fairly stated, in all material respects.
Platform), including only those asset-backed securities transactions defined below, as of and for the year
ended December 31, 2013, excluding the following criteria set forth in Items 1122(d)(1)(i-iv),
1122(d)(2)(i-vii), 1122(d)(3)(ii-iv), 1122(d)(4)(i-vi) and 1122(d)(4)(viii-xv), which management has
determined are not applicable to the activities performed by the Company with respect to the Platform
covered by this report. The Exhibit to management's assertion identifies the individual asset-backed
transactions defined by management as constituting the Platform. Management is responsible 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.
Our examination was conducted in accordance with attestation standards established by the American
Institute of Certified Public Accountants, as adopted by the Public Company Accounting Oversight Board
(United States) and, accordingly, included examining, on a test basis, evidence about the Company’s compliance with the applicable servicing criteria, including tests on a sample basis of the servicing activities related to the Platform, determining whether the Company performed those activities in compliance with the servicing criteria during the specified period and performing such other procedures as we considered necessary in the circumstances. Our procedures were limited to selected servicing activities performed by the Company during the period covered by this report and, accordingly, such samples may not have included servicing activities related to each asset-backed transaction in the Platform. Further, an examination is not designed to detect noncompliance arising from errors that may have occurred prior to the period specified above 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 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 Pentalpha Surveillance, LLC complied with the aforementioned applicable servicing criteria as of and for the year ended December 31, 2013 for the Platform, is fairly stated, in all material respects.