Docoh
Loading...

JPMCC Commercial Mortgage Securities Trust 2017-JP5

Filed: 6 Mar 17, 7:00pm

  FREE WRITING PROSPECTUS
  FILED PURSUANT TO RULE 433
  REGISTRATION FILE NO.: 333-206361-08

 

-----Original Message-----

Sent:  Tuesday, March 07, 2017 2:51 PM

Subject:  ★PRICING DETAILS★ $944.1MM JPMCC 2017-JP5 **PUBLIC CMBS**

 

JPMCC COMMERCIAL MORTGAGE SECURITIES TRUST 2017-JP5 COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2017-JP5

 

SOLE BOOKRUNNER:J.P. MORGAN SECURITIES LLC
LEAD MANAGER:J.P. MORGAN SECURITIES LLC
CO-MANAGERS:DREXEL HAMILTON, LLC, ACADEMY SECURITIES, INC.
RATING AGENCIES:MOODY'S/FITCH/KBRA
OFFERING TYPE:SEC-REGISTERED

 

***OFFERED CERTIFICATES - PUBLIC***

CLSRATINGS
(M/F/K)
SIZE
($MM)
WAL
(YR)
CERT
C/E
SPREADYLDCPN$PX
A-1Aaa/AAA/AAA43.9302.7630.000%IS+252.06442.086099.9999
A-2Aaa/AAA/AAA82.8284.7930.000%IS+452.56003.2397102.9998
A-3Aaa/AAA/AAA38.0006.7130.000%IS+903.17603.3422100.9998
A-4Aaa/AAA/AAA135.0009.6330.000%IS+903.34223.4569100.9993
A-5Aaa/AAA/AAA396.3069.7730.000%IS+923.36883.7232103.0000
A-SBAaa/AAA/AAA69.0237.3430.000%IS+773.08883.5489102.9998
A-SAa2/AAA/AAA71.0449.8623.500%IS+1073.52303.8756102.9994
BA1/AA-/AA+51.9179.8818.750%IS+1273.72384.0774102.9998
CNR/A-/A56.0159.8813.625%IS+1804.25384.054497.6336

 

COLLATERAL SUMMARY 
CUT-OFF DATE BALANCE:$1,092,982,047
NUMBER OF LOANS:43
NUMBER OF PROPERTIES:59
WA CUT-OFF LTV:59.1%
WA MATURITY LTV:52.5%
WA U/W DSCR:1.97x
WA U/W NOI DEBT YIELD:11.7%
TOP TEN LOANS %:56.6%
WA TERM TO MATURITY (MOS):112
WA REMAINING AMORTIZATION TERM (MOS):354
WA SEASONING (MOS):2
 
LOAN SELLERS:
JPMORGAN CHASE BANK, N.A.  (84.6%)
STARWOOD MORTGAGE FUNDING VI LLC  (15.4%)
RISK RETENTION:  AN ELIGIBLE HORIZONTAL RESIDUAL INTEREST EQUAL TO 5% OF FAIR MARKET VALUE WILL BE RETAINED BY LNR SECURITIES HOLDINGS, LLC
 
TOP 5 PROPERTY TYPES:
OFFICE (38.1%), RETAIL (19.3%), HOTEL (19.0%), MIXED USE (10.7%), INDUSTRIAL (9.2%), MULTIFAMILY (3.4%), MANUFACTURED HOUSING (0.3%)
 
TOP 5 STATES:
CA (20.3%), TX (16.5%), HI (11.0%), FL (8.6%), GA (7.0%)
 
MASTER SERVICER:MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION
SPECIAL SERVICER:LNR PARTNERS, LLC
OPERATING ADVISOR:PENTALPHA SURVEILLANCE LLC
ASSET REPRESENTATIONS REVIEWER:PENTALPHA SURVEILLANCE LLC
DIRECTING CERTIFICATEHOLDER:LNR SECURITIES HOLDINGS, LLC
  
DOCUMENTS & TIMING 
TERM SHEET, ANNEX A:ATTACHED
PRELIMINARY PROSPECTUS:AVAILABLE (UNDER SEPARATE COVER DUE TO FILE SIZE)
  
ANTICIPATED PRICING:PRICED
ANTICIPATED SETTLEMENT:ON OR ABOUT MARCH 29, 2017
  
ROADSHOW 
MINNEAPOLIS, LUNCH:THUR 3/2 @ 12:00pm CST, Marquette Hotel
HARTFORD, BREAKFAST:FRI 3/3 @ 8:15am EST, Hartford Marriott Downtown
BOSTON, LUNCH:FRI 3/3 @ 12.00pm EST, Boston Harbor Hotel
  
RECORDED PRESENTATION:http://www.netroadshow.com
ENTRY CODE:TO BE PROVIDED
  
JPM SPG SYNDICATE CONTACTS 
ANDY CHERNA212-834-4154
ANUSHA JOLY212-834-4154
JENNIFER KORNBLAU212-834-4154
MAGGIE D'ARCY212-834-4154
  
JPM CMBS BANKING CONTACT 
KUNAL SINGH212-834-9708
BRAD HORN212-834-9328
JOHN MILLER212-272-8363
  
JPM CMBS TRADING DESK CONTACT 
ANDY TAYLOR212-834-3111
AVINASH SHARMA212-834-3111
BRIAN CAREY212-834-3111

 

The depositor has filed a registration statement (including a prospectus) with the SEC 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, the issuing trust 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, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-866-400-7834 or emailing the ABS Syndicate Desk at abs_synd@jpmorgan.com.

 

Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.

 

IRS CIRCULAR 230 NOTICE: THE INFORMATION PROVIDED HEREIN IS NOT INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING U.S. FEDERAL, STATE OR LOCAL TAX PENALTIES. THE INFORMATION PROVIDED HEREIN IS WRITTEN AND PROVIDED BY J.P. MORGAN SECURITIES LLC IN CONNECTION WITH THE PROMOTION OR MARKETING OF THE TRANSACTIONS OR MATTERS ADDRESSED HEREIN. INVESTORS SHOULD SEEK ADVICE BASED ON THEIR PARTICULAR CIRCUMSTANCES FROM AN INDEPENDENT TAX ADVISOR.

 

This announcement (which includes the attached PDF files) shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities referenced in this announcement in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of any such state or other jurisdiction.

 

The distribution of materials relating to the offering, and the transactions contemplated by the offering, may be restricted by law in certain jurisdictions. If materials relating to the offering come into your possession, you are required by the issuer to inform yourself of and to observe all of these restrictions. The materials relating to the offering do not constitute, and may not be used in connection with, an offer or solicitation in any place where offers or solicitations are not permitted by law. If a jurisdiction requires that the offering be made by a licensed broker or dealer and the underwriters or any affiliate of the underwriters is a licensed broker or dealer in that jurisdiction, the offering shall be deemed to be made by the underwriters or such affiliate on behalf of the Issuer in this jurisdiction.

 

THIS ANNOUNCEMENT IS NOT TO BE FORWARDED OR DISTRIBUTED TO ANY OTHER PERSON AND IS NOT TO BE REPRODUCED IN ANY MANNER WHATSOEVER. ANY FURTHER FORWARDING, DISTRIBUTION OR REPRODUCTION OF THIS ANNOUNCEMENT IN WHOLE OR IN PART IS UNAUTHORIZED. FAILURE TO COMPLY WITH THIS DIRECTIVE MAY RESULT IN A VIOLATION OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED.

 

Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to notice of its acceptance. An indication of interest in response to this announcement will involve no obligation or commitment of any kind.

 

You should not reply to this announcement. Any reply e-mail communications, including those you generate by using the “Reply” function on your e-mail software, will be ignored or rejected.

 

-------------------------------------------------------------------------------

This message is confidential and subject to terms at www.jpmorgan.com/emaildisclaimer including on confidentiality, legal privilege, viruses and monitoring of electronic messages. If you are not the intended recipient, please delete this message and notify the sender immediately. Any unauthorized use is strictly prohibited.

 

Any message from Sales and Trading is subject to terms at www.jpmorgan.com/salesandtradingdisclaimer, is a "solicitation" only as that term is used within CFTC Rule 1.71 and 23.605, and where it is an "investment recommendation" as that term is defined in MAR visit www.jpmm.com/#mardisclosures.

 

For J.P. Morgan Research disclosures, visit www.jpmm.com/research/disclosures.