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JP Morgan Chase Commercial Mortgage Securities

Filed: 3 Jun 15, 8:00pm

 

  FREE WRITING PROSPECTUS
  FILED PURSUANT TO RULE 433
  REGISTRATION FILE NO.: 333-190246-14
   

 

 

The Information in this free writing prospectus is not complete and may be amended prior to the time of sale. This free writing prospectus is not an offer to sell these securities and it is not a solicitation of an offer to buy these securities in any jurisdiction where the offer or sale is not permitted.

THIS FREE WRITING PROSPECTUS, DATED JUNE 4, 2015, MAY BE AMENDED OR COMPLETED PRIOR TO TIME OF SALE

STATEMENT REGARDING THIS FREE WRITING PROSPECTUS

The depositor has filed a registration statement (including a prospectus) with the SEC (SEC File No. 333-190246) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor or any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling (866) 400-7834 or by emailing cmbs-prospectus@jpmorgan.com.

SUPPLEMENT TO FREE WRITING PROSPECTUS DATED MAY 29, 2015

$829,501,000 (Approximate)

 

JPMBB Commercial Mortgage Securities Trust 2015-C29

Issuing Entity

 

J.P. Morgan Chase Commercial Mortgage Securities Corp.

Depositor

 

JPMorgan Chase Bank, National Association

Barclays Bank PLC

RAIT Funding, LLC

Redwood Commercial Mortgage Corporation

Starwood Mortgage Funding II LLC

 

Sponsors and Mortgage Loan Sellers

Commercial Mortgage Pass-Through Certificates, Series 2015-C29  

 

 

 

 

 

 

 

J.P. Morgan

Co-Lead Manager and Joint Bookrunner

 

Barclays

Co-Lead Manager and Joint Bookrunner

   
 

Drexel Hamilton

Co-Manager

 

 

 
 

The information in this Supplement to Free Writing Prospectus (this “Supplement”) clarifies, updates and/or modifies the information contained in the free writing prospectus, dated May 29, 2015, as supplemented by that certain supplement to free writing prospectus, dated June 3, 2015 (the “Free Writing Prospectus”), and the structural and collateral term sheet, dated May 29, 2015 (the “Term Sheet” and, together with the Free Writing Prospectus, the “Transaction Free Writing Prospectus”). Capitalized terms used in this Supplement but not defined in this Supplement will have the meanings ascribed to them in the Free Writing Prospectus. In all other respects, except as modified below, the Free Writing Prospectus remains unmodified.

 

Collateral Update:

(1)With respect to “Annex A-1—Certain Characteristics of the Mortgage Loans and Mortgaged Properties”, the information in the following column headings with respect to the mortgage loan identified as “400 Poydras” is deleted and replaced with the following:

 

Current
Balance ($)

Interest
Rate %

Net
Mortgage Rate %

Monthly
Debt Service ($)

Annual Debt
Service ($)

Maturity
Date
Balance ($)

Maturity
LTV %

UW NOI
DSCR

UW NCF
DSCR

55,759,0184.483764.47159282,697.943,392,375.2845,176,40658.9%1.831.59

Structural Updates:

(1)The Initial Certificate Balance or Notional Amount of the following classes of Certificates will be increased or reduced to the following:

 

Class

Initial Class Certificate Balance or
Notional Amount

A-1$48,951,000
A-4$223,062,000
A-SB$69,138,000
X-A$753,136,000
A-S$63,992,000
EC$162,441,000
D$52,916,000
F$11,076,000
NR$47,993,856
X-D$52,916,000
X-F$11,076,000
X-NR$47,993,856

 

(2)With respect to the heading entitled “Description of the Certificates— Exchanges of Exchangeable Certificates and Class EC Certificates— Exchanges”, the “Exchange Proportion” is replaced in its entirety with the following:

 

Class A-S39.39399535831470%
Class B33.33333333333330%
Class C27.27267130835200%
Class EC100.00000000000000%

 

 

2
 

 

(3)In Annex E of the Free Writing Prospectus, the Class A-SB Planned Principal Balance Schedule is deleted in its entirety and replaced with the following:

 

Distribution Date Balance($) Distribution Date Balance($)
7/2015 69,138,000.00 4/2020 69,137,291.45
8/2015 69,138,000.00 5/2020 67,948,517.92
9/2015 69,138,000.00 6/2020 66,861,523.91
10/2015 69,138,000.00 7/2020 65,679,118.33
11/2015 69,138,000.00 8/2020 64,569,163.04
12/2015 69,138,000.00 9/2020 63,455,163.58
1/2016 69,138,000.00 10/2020 62,260,744.12
2/2016 69,138,000.00 11/2020 61,138,330.58
3/2016 69,138,000.00 12/2020 59,935,738.69
4/2016 69,138,000.00 1/2021 58,804,850.43
5/2016 69,138,000.00 2/2021 57,669,841.47
6/2016 69,138,000.00 3/2021 56,303,654.25
7/2016 69,138,000.00 4/2021 55,159,522.12
8/2016 69,138,000.00 5/2021 53,935,835.40
9/2016 69,138,000.00 6/2021 52,783,072.00
10/2016 69,138,000.00 7/2021 51,551,001.90
11/2016 69,138,000.00 8/2021 50,389,545.03
12/2016 69,138,000.00 9/2021 49,223,855.68
1/2017 69,138,000.00 10/2021 47,979,230.86
2/2017 69,138,000.00 11/2021 46,804,754.89
3/2017 69,138,000.00 12/2021 45,551,595.79
4/2017 69,138,000.00 1/2022 44,368,269.86
5/2017 69,138,000.00 2/2022 43,180,631.50
6/2017 69,138,000.00 3/2022 41,766,734.24
7/2017 69,138,000.00 4/2022 40,569,605.83
8/2017 69,138,000.00 5/2022 39,294,444.86
9/2017 69,138,000.00 6/2022 38,088,303.20
10/2017 69,138,000.00 7/2022 36,804,387.83
11/2017 69,138,000.00 8/2022 35,589,167.93
12/2017 69,138,000.00 9/2022 34,369,518.97
1/2018 69,138,000.00 10/2022 33,072,484.23
2/2018 69,138,000.00 11/2022 31,843,659.69
3/2018 69,138,000.00 12/2022 30,537,712.88
4/2018 69,138,000.00 1/2023 29,299,646.61
5/2018 69,138,000.00 2/2023 28,057,067.74
6/2018 69,138,000.00 3/2023 26,593,365.33
7/2018 69,138,000.00 4/2023 25,340,913.38
8/2018 69,138,000.00 5/2023 24,012,017.71
9/2018 69,138,000.00 6/2023 22,750,153.68
10/2018 69,138,000.00 7/2023 21,412,116.23
11/2018 69,138,000.00 8/2023 20,140,772.27
12/2018 69,138,000.00 9/2023 18,864,794.00
1/2019 69,138,000.00 10/2023 17,513,047.66
2/2019 69,138,000.00 11/2023 16,227,487.72
3/2019 69,138,000.00 12/2023 14,866,434.89
4/2019 69,138,000.00 1/2024 13,571,224.20
5/2019 69,138,000.00 2/2024 12,271,291.92
6/2019 69,138,000.00 3/2024 10,825,938.25
7/2019 69,138,000.00 4/2024 9,515,992.29
8/2019 69,138,000.00 5/2024 8,131,253.77
9/2019 69,138,000.00 6/2024 6,811,481.24
10/2019 69,138,000.00 7/2024 5,417,198.35
11/2019 69,138,000.00 8/2024 4,087,528.40
12/2019 69,138,000.00 9/2024 2,753,010.82
1/2020 69,138,000.00 10/2024 1,344,406.34
2/2020 69,138,000.00 11/2024 and thereafter 0.00
3/2020 69,138,000.00    

 

E-1