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 | Interest | Net | Monthly | Annual Debt | Maturity | Maturity | UW NOI | UW NCF |
55,759,018 | 4.48376 | 4.47159 | 282,697.94 | 3,392,375.28 | 45,176,406 | 58.9% | 1.83 | 1.59 |
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 |
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 | $47,993,856 |
(2) | With respect to the heading entitled “Description of the Certificates— Exchanges of Exchangeable Certificates and Class EC Certificates— Exchanges”, the “Exchange Proportion” is replaced in its entirety with the following: |
Class A-S | 39.39399535831470% |
Class B | 33.33333333333330% |
Class C | 27.27267130835200% |
Class EC | 100.00000000000000% |
2 |
(3) | In Annex E of the Free Writing Prospectus, the Class A-SB Planned Principal Balance Schedule is deleted in its entirety and replaced with the following: |
Distribution Date | Balance($) | 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 |