WELLS FARGO COMMERCIAL MORTGAGE SECURITIES, INC., as Depositor,Pooling and Servicing Agreement • December 8th, 2014 • GS Mortgage Securities Trust 2014-Gc26 • Asset-backed securities • New York
This Pooling and Servicing Agreement (this “Agreement”), is dated and effective as of September 1, 2014, among WELLS FARGO COMMERCIAL MORTGAGE SECURITIES, INC., as Depositor, WELLS FARGO BANK, NATIONAL ASSOCIATION, as General Master Servicer, CWCAPITAL ASSET MANAGEMENT LLC, as General Special Servicer, NCB, FSB, as NCB Master Servicer, NCB, FSB, as NCB Special Servicer, PENTALPHA SURVEILLANCE LLC, as Trust Advisor, WELLS FARGO BANK, NATIONAL ASSOCIATION, as Certificate Administrator, as Tax Administrator and as Custodian, and WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee.
GS MORTGAGE SECURITIES CORPORATION II, PURCHASER and STARWOOD MORTGAGE FUNDING I LLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of December 1, 2014 Series 2014-GC26Mortgage Loan Purchase Agreement • December 8th, 2014 • GS Mortgage Securities Trust 2014-Gc26 • Asset-backed securities • New York
Representation Mortgage Loan Description of Exception Chapter 11 plan that was confirmed by an order entered by the United States Bankruptcy Court for the Central District of California on June 17, 2014. The Loan Documents provide for a proceeds holdback and a liquidity reserve to be held as additional collateral for the Mortgage Loan as well as a loss carve-out to the Mortgagor and the related guarantor covering losses incurred as a result of any amendment of the approved Chapter 11 plan, conversion of the Chapter 11 proceeding or failure of the related guarantor to obtain a non-appealable final decree of the Chapter 11 proceeding. In addition, the Loan Documents provide that the Mortgage Loan will be recourse to the Mortgagor and the related guarantor until certain conditions are met, including but not limited to, the Sponsor’s receipt of a copy of a discharge order and certification that the funds on deposit with the post-confirmation trustee are sufficient to pay administrative cla
GS MORTGAGE SECURITIES CORPORATION II, PURCHASER and CANTOR COMMERCIAL REAL ESTATE LENDING, L.P., SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of December 1, 2014 Series 2014-GC26Mortgage Loan Purchase Agreement • December 8th, 2014 • GS Mortgage Securities Trust 2014-Gc26 • Asset-backed securities • New York
Representation Mortgage Loan Description of Exception Mortgagor reserved the estimated amount for real estate taxes (approximately $14,000). The Loan Documents require the Mortgagor to amend the Condominium Declaration to provide that the Mortgagor be reimbursed by the other unit owners for their pro rata share of the real estate taxes on the land for the condominium regime. (39) Organization of Mortgagor Wilshire Gramercy Plaza (Loan No. 40); Ventura Collection (Loan No. 60); Santa Monica & Vine (Loan No. 66); Florence Plaza (Loan No. 92) The Mortgagors under each of the related Mortgage Loans are Affiliates of each other. (39) Organization of Mortgagor La Quinta SS (Loan No. 58); Double R Self Storage (Loan No. 67) The Mortgagors under each of the related Mortgage Loans are Affiliates of each other.
GS MORTGAGE SECURITIES CORPORATION II, PURCHASER and MC-FIVE MILE COMMERCIAL MORTGAGE FINANCE LLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of December 1, 2014 Series 2014-GC26Mortgage Loan Purchase Agreement • December 8th, 2014 • GS Mortgage Securities Trust 2014-Gc26 • Asset-backed securities • New York
Representation Mortgage Loan Description of Exception in the Loan Documents. (26) Recourse Obligations Bass Pro Outdoor World (Loan No. 15) For so long as the original guarantor remains a guarantor for the Mortgage Loan, or one of the original guarantor’s immediate family members succeeds him as an approved replacement guarantor in accordance with the Loan Documents, the liabilities of the guarantor or such approved replacement guarantor(s) shall not exceed $1,000,000.00. The cap will not apply to the occurrence of a bankruptcy recourse event or to the environmental indemnity, as set forth in the Loan Documents. (31) Single-Purpose Entity Bass Pro Outdoor World (Loan No. 15) A non-consolidation opinion was not delivered at origination with respect to the Mortgage Loan.
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC., Depositor, WELLS FARGO BANK, NATIONAL ASSOCIATION, Master Servicer, MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION, Special Servicer, PARK BRIDGE LENDER SERVICES LLC, Operating...Pooling and Servicing Agreement • December 8th, 2014 • GS Mortgage Securities Trust 2014-Gc26 • Asset-backed securities • New York
Pooling and Servicing Agreement, dated as of October 1, 2014, among Citigroup Commercial Mortgage Securities Inc., as Depositor, Wells Fargo Bank, National Association, as Master Servicer, Midland Loan Services, a Division of PNC Bank, National Association, as Special Servicer, Park Bridge Lender Services LLC, as Operating Advisor, Citibank, N.A., as Certificate Administrator, and Deutsche Bank Trust Company Americas, as Trustee.
GS MORTGAGE SECURITIES CORPORATION II, PURCHASER and CITIGROUP GLOBAL MARKETS REALTY CORP., SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of December 1, 2014 Series 2014-GC26Mortgage Loan Purchase Agreement • December 8th, 2014 • GS Mortgage Securities Trust 2014-Gc26 • Asset-backed securities • New York
Representation Mortgage Loan Description of Exception condominium, and the related condominium documents govern the application of insurance proceeds in the event of a casualty, which net proceeds are held and disbursed by the condominium board. (16) Insurance Dick’s Sporting Goods (Loan No. 44) The terms of the lease with the single tenant at the Mortgaged Property, Dick’s Sporting Goods, govern and control with respect to the disbursement of insurance proceeds provided (i) the lease is in full force and effect; (ii) no default resulting from non-payment by tenant of any amounts due under the lease is continuing; (iii) no default by the Mortgagor under the lease is continuing; (iv) no event (other than a casualty) has occurred which would cause a termination right, right of first refusal or first offer or any other similar right, and/or cause any termination fees to be due under the lease; (v) no event of default or monetary default is continuing for which the Mortgagor has been provi
GS MORTGAGE SECURITIES CORPORATION II,Mortgage Loan Purchase Agreement • December 8th, 2014 • GS Mortgage Securities Trust 2014-Gc26 • Asset-backed securities • New York
least 75% of the coverage (if there are 4 or fewer members of the syndicate) or at least 60% of the coverage (if there are 5 or more members of the syndicate) is with insurers having such ratings (provided that the first layers of coverage are from insurers rated at least “A” by S&P and “A2” by Moody’s (or, if Moody’s does not rate such insurer, at least “A: VIII” by AM Best), and all such insurers are required to have ratings of not less than “BBB+” by S&P and “Baa1” by Moody’s (or, if Moody’s does not rate such insurer, at least “A: VIII” by AM Best). Notwithstanding the foregoing, the borrower may utilize Affiliated FM Insurance Company for so long as such insurer maintains a rating of not less than “Api” by S&P. (16) Insurance Capital Center (Loan No. 14) All policies may be issued by a syndicate of insurers through which at least 75% of the coverage (if there are 4 or fewer members of the syndicate) or at least 60% of the coverage (if there are 5 or more members of the syndicate)
