Attached files
Report of Independent
Registered Public Accounting Firm
We
have examined management's assertion, included in the accompanying
Management's Certification Regarding Compliance with Applicable
Servicing Criteria ("Management's Report"), that Park Bridge Lender
Services LLC (the "Company") complied with the servicing criteria set
forth in Items 1122(d) of the U.S. Securities and Exchange Commission's
Regulation AB as of and for the year ended December 31, 2013, excluding
those criteria noted as not applicable (N/A) within Exhibit A to
Management's Report. The transactions covered by this report are on ly
those transactions processed by the Company in its capacity as trust
advisor or operating advisor for the asset backed securities
transactions (the "Platform"). Reference Exhibit B to Management's
Report for the transactions covered by this examination. 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 engagements established by the
American Institute of Certified Public Accountants, as adopted by the
Public Company Accounting Oversight Board (United States), and,
accordingly, including 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 selected
activities in compliance with the servicing criteria during the
specified period, and performing such other procedures as we considered
necessary under 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 included in the Platform. Further, our examination was not
designed to detect material noncompliance that may have occurred prior
to the period covered by this report and that may have affected the
Company's servicing activities 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 applicable servicing criteria.
In our opinion, management's
assertion that the
Company complied with the aforementioned servicing criteria identified
in Exhibit A with respect to the transactions identified in Exhibit B
to Management's Report as of and for the year ended December 31 , 2013,
for the Platform, is fairly stated in all material aspects.