FWP 1 n728_x7.htm FREE WRITING PROSPECTUS

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-206361-05

Subject: ★PRICED★ $1,077.483MM JPMCC 2016-JP3 **PUBLIC CMBS**

JPMCC COMMERCIAL MORTGAGE SECURITIES TRUST 2016-JP3 COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2016-JP3

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***

CLS	RATINGS (MDY/FITCH/KBRA)	SIZE ($MM)	WAL (YR)	CERT C/E	CERT LTV	PRICED	CPN%	YLD%	$PX
A-1	Aaa/AAA/AAA	45.932	2.85	30.000%	39.3%	IS+37	1.4615	1.4455	99.9997
A-2	Aaa/AAA/AAA	97.274	4.96	30.000%	39.3%	IS+60	2.4347	1.7888	102.9999
A-3	Aaa/AAA/AAA	16.726	6.29	30.000%	39.3%	IS+108	2.5229	2.3465	100.9998
A-4	Aaa/AAA/AAA	300.000	9.74	30.000%	39.3%	IS+107	2.6265	2.5120	100.9996
A-5	Aaa/AAA/AAA	342.359	9.86	30.000%	39.3%	IS+108	2.8704	2.5271	102.9995
A-SB	Aaa/AAA/AAA	49.955	7.18	30.000%	39.3%	IS+100	2.7765	2.3163	102.9996
A-S	Aa2/AAA/AAA	118.706	9.93	20.250%	44.8%	IS+135	3.1440	2.7998	102.9999
B	A2/AA-/AA-	56.309	9.96	15.625%	47.4%	IS+160	3.3967	3.0512	102.9993
C	NR/A-/A-	50.222	9.96	11.500%	49.7%	IS+240	WAC-75	3.8512	97.2125

COLLATERAL SUMMARY
CUT-OFF DATE BALANCE:	$1,217,494,697
NUMBER OF LOANS:	52
NUMBER OF PROPERTIES:	62
WA CUT-OFF LTV:	56.2%
WA MATURITY LTV:	50.7%
WA U/W DSCR:	2.12x
WA U/W NOI DEBT YIELD:	10.7%
TOP TEN LOANS %:	49.8%
WA TERM TO MATURITY (MOS):	113
WA REMAINING AMORTIZATION TERM (MOS):	342
WA SEASONING (MOS):	1

LOAN SELLERS:

JPMORGAN CHASE BANK, N.A. (65.7%)

BENEFIT STREET PARTNERS CRE (18.2%)

STARWOOD MORTGAGE FUNDING VI LLC (16.1%)

TOP 5 PROPERTY TYPES:

OFFICE (34.1%), HOTEL (19.0%), MIXED USE (19.0%), RETAIL (12.1%), INDUSTRIAL (8.7%)

TOP 5 STATES:

NY (18.8%), CA (18.7%), TN (8.6%), NJ (7.8%), AZ (6.1%)

MASTER SERVICER:	MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION
SPECIAL SERVICER:	TORCHLIGHT LOAN SERVICES, LLC
OPERATING ADVISOR:	PENTALPHA SURVEILLANCE LLC
ASSET REPRESENTATIONS REVIEWER:	PENTALPHA SURVEILLANCE LLC
DIRECTING CERTIFICATEHOLDER:	TORCHLIGHT INVESTORS, LLC

DOCUMENTS & TIMING
TERM SHEET, ANNEX A:	ATTACHED
PRELIMINARY PROSPECTUS:	ATTACHED
PRICE GUIDANCE:	AVAILABLE
ANTICIPATED PRICING:	PRICED
ANTICIPATED SETTLEMENT:	ON OR ABOUT SEPTEMBER 30, 2016

RECORDED PRESENTATION:	http://www.netroadshow.com Entry code: JPMCCJP3

JPM SPG SYNDICATE CONTACTS
ANDY CHERNA	212-834-4154
JENNIFER KORNBLAU	212-834-4154

JPM CMBS BANKING CONTACT
KUNAL SINGH	212-834-5467
BRAD HORN	212-834-9708
DWAYNE MCNICHOLAS	212-834-9328

JPM CMBS TRADING DESK CONTACT
ANDY TAYLOR	212-834-3111
AVINASH SHARMA	212-834-3111

The issuer 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 issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling (866) 669-7629 or by emailing the ABS Syndicate Desk at abs_synd@jpmorgan.com.

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