EX-99.1 3 jpmc08c2_200812ex991.htm JP MORGAN CHASE 2008-C2 MONTHLY DISTRIBUTION REPORT - DECEMBER 2008 Unassociated Document
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Reporting Package Table of Contents
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Administrator:
Ann Kelly 312.904.1487
ann.kelly@lasallegts.com
Analyst:
Jamie Mantle 312.992.5850
jamie.mantle@lasallegts.com
Statement Date:
135 S. LaSalle Street, Suite 1625
Chicago, IL 60603
USA
Statements to Certificateholders
Cash Reconciliation Summary
Bond Interest Reconciliation
Bond Interest Reconciliation
Bond Principal Reconciliation
Shortfall Summary Report
Rating Information
SWAP Summary
Asset-Backed Facts ~ 15 Month Loan Status Summary
Asset-Backed Facts ~ 15 Month Loan Payoff/Loss Summary
Page 2-4
Page 5-7
Page 8-9
Page 10-11
Page 12-13
Page 14
Page 15-16
Page 17
Page 18-20
Page 21-23
Historical Collateral Level Payoff Report
Mortgage Loan Characteristics
Delinquent Loan Detail
Loan Level Detail
Specially Serviced (Part I) - Loan Detail
Specially Serviced (Part II) - Servicer Comments
Appraisal Reduction Detail
Page 24
Page 25-27
Page 28
Page 29-32
Page 33
Page 34
Page 35
Page(s)
Information is available for this issue from the following sources
Issue Id:
Monthly Data File
Name:
JPMC08C2
JPMC08C2_200812_3.ZIP
Historical REO Report
Realized Loss Detail
Collateral Realized Loss
Page 36-38
Page 39
Page 40
Parties to the Transaction
800.246.5761
LaSalle Global Trust Services Factor Line
LaSalle Global Trust Services Web Site
Servicer Web Site
www.midlandls.com,www.wellsfargo.com
www.etrustee.net
Depositor: J.P. Morgan Chase Commercial Mortgage Securities Corp.
Master Servicer: Midland Loan Services, Inc./Wells Fargo Bank, N.A.
Mortgage Loan Seller: CIBC Inc./JPMorgan Chase Bank, N.A./PNC Bank, National Association
Rating Agency: Fitch, Inc./Moody's Investors Service, Inc.
Special Servicer: CW Capital Asset Management LLC
Underwriter: CIBC World Markets Corp./JP Morgan Securities Inc/PNC Capital Markets LLC
Closing Date:
8-May-2008
First Payment Date:
12-Jun-2008
Rated Final Payment Date:
12-Feb-2051
Determination Date:
8-Dec-2008
Trust Collection Period
11/6/2008 - 12/8/2008
Modified Loan Detail
Page 41
Page 42
Summary of Loan Maturity Extensions
Page 43
Defeased Loans
Material Breaches Detail
Page 44
Page 45
Other Related Information
Page 1 of 45
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
Class
CUSIP
Original
Opening
Principal
Principal
Negative
Closing
Interest
Interest
Pass-Through
Per $ 1000
Per $ 1000
Per $ 1000
Per $ 1000
Per $ 1000
Per $ 1000
Per $ 1000
Next Rate(3)
WAC:
WAMM:
Current Index:
Next Index:
Payment Date:
Prior Payment:
Next Payment:
Record Date:
6.624475%
1.538750%
1.438750%
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Face Value (1)
Balance
Payment
Adj. or Loss
Amortization
Balance
Payment (2)
Adjustment
Rate
100
Bond Payment
Statement Date:
948.393240725
11.243565567
0.000000000
937.149675158
3.965073944
Fixed
0.00
0.00
0.000000000
5.0170000000%
0.000000000
46632MBQ2
A1
23,396,000.00
263,054.46
0.00
21,925,553.80
92,766.87
22,188,608.26
1000.000000000
0.000000000
0.000000000
1000.000000000
4.879166691
Fixed
0.00
0.00
0.000000000
5.8550000000%
0.000000000
46632MBS8
A2
68,126,000.00
0.00
0.00
68,126,000.00
332,398.11
68,126,000.00
1000.000000000
0.000000000
0.000000000
1000.000000000
5.240000000
Fixed
0.00
0.00
0.000000000
6.2880000000%
0.000000000
46632MBW9
A3
105,514,000.00
0.00
0.00
105,514,000.00
552,893.36
105,514,000.00
1000.000000000
0.000000000
0.000000000
1000.000000000
5.056666657
Fixed
0.00
0.00
0.000000000
6.0680000000%
0.000000000
46632MBY5
A4
354,554,000.00
0.00
0.00
354,554,000.00
1,792,861.39
354,554,000.00
1000.000000000
0.000000000
0.000000000
1000.000000000
4.998333310
Fixed
0.00
0.00
0.000000000
5.9980000000%
0.000000000
A4FL_REG
145,000,000.00
0.00
0.00
145,000,000.00
724,758.33
145,000,000.00
1000.000000000
0.000000000
0.000000000
1000.000000000
5.104166728
6.1250000000%
0.00
0.00
0.000000000
6.1250000000%
0.000000000
46632MCC2
ASB
54,460,000.00
0.00
0.00
54,460,000.00
277,972.92
54,460,000.00
997.936231733
0.406076988
0.000000000
997.530154745
4.988017979
Fixed
0.00
0.00
0.000000000
5.9980000000%
0.000000000
46632MCE8
A1A
65,075,000.00
26,425.46
0.00
64,914,274.82
324,595.27
64,940,700.28
1000.000000000
0.000000000
0.000000000
1000.000000000
5.482745370
6.5792501048%
0.00
0.00
0.000000000
6.5792944139%
0.000000000
46632MCJ7
AM
116,589,000.00
0.00
0.00
116,589,000.00
639,227.80
116,589,000.00
1000.000000000
0.000000000
0.000000000
1000.000000000
5.482745348
6.5792501048%
0.00
0.00
0.000000000
6.5792944139%
0.000000000
46632MCL2
AJ
61,209,000.00
0.00
0.00
61,209,000.00
335,593.36
61,209,000.00
1000.000000000
0.000000000
0.000000000
1000.000000000
5.482745300
6.5792501048%
0.00
0.00
0.000000000
6.5792944139%
0.000000000
46632MAG5/U48185AD1/46632MAH3
B
14,574,000.00
0.00
0.00
14,574,000.00
79,905.53
14,574,000.00
1000.000000000
0.000000000
0.000000000
1000.000000000
5.482745300
6.5792501048%
0.00
0.00
0.000000000
6.5792944139%
0.000000000
46632MAJ9/U48185AE9/46632MAK6
C
14,574,000.00
0.00
0.00
14,574,000.00
79,905.53
14,574,000.00
1000.000000000
0.000000000
0.000000000
1000.000000000
5.482745809
6.5792501048%
0.00
0.00
0.000000000
6.5792944139%
0.000000000
46632MAL4/U48185AF6/46632MAM2
D
10,201,000.00
0.00
0.00
10,201,000.00
55,929.49
10,201,000.00
1000.000000000
0.000000000
0.000000000
1000.000000000
5.482745540
6.5792501048%
0.00
0.00
0.000000000
6.5792944139%
0.000000000
46632MAN0/U48185AG4/46632MAP5
E
10,202,000.00
0.00
0.00
10,202,000.00
55,934.97
10,202,000.00
1000.000000000
0.000000000
0.000000000
1000.000000000
5.482745502
6.5792501048%
0.00
0.00
0.000000000
6.5792944139%
0.000000000
46632MAQ3/U48185AH2/46632MAR1
F
13,116,000.00
0.00
0.00
13,116,000.00
71,911.69
13,116,000.00
1000.000000000
0.000000000
0.000000000
1000.000000000
5.482745518
6.5792501048%
0.00
0.00
0.000000000
6.5792944139%
0.000000000
46632MAS9/U48185AJ8/46632MAT7
G
11,659,000.00
0.00
0.00
11,659,000.00
63,923.33
11,659,000.00
1000.000000000
0.000000000
0.000000000
1000.000000000
5.482745306
6.5792501048%
0.00
0.00
0.000000000
6.5792944139%
0.000000000
46632MAU4/U48185AK5/46632MAV2
H
16,031,000.00
0.00
0.00
16,031,000.00
87,893.89
16,031,000.00
1000.000000000
0.000000000
0.000000000
1000.000000000
5.482745300
6.5792501048%
0.00
0.00
0.000000000
6.5792944139%
0.000000000
46632MAW0/U48185AL3/46632MAX8
J
14,574,000.00
0.00
0.00
14,574,000.00
79,905.53
14,574,000.00
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
Page 2 of 45
Notes: (1) N denotes notional balance not included in total (2) Accrued Interest Plus/Minus Interest Adjustment Minus Deferred Interest equals Interest Payment (3) Estimated. * Denotes Controlling Class
Class
CUSIP
Original
Opening
Principal
Principal
Negative
Closing
Interest
Interest
Pass-Through
Per $ 1000
Per $ 1000
Per $ 1000
Per $ 1000
Per $ 1000
Per $ 1000
Per $ 1000
Next Rate(3)
WAC:
WAMM:
Current Index:
Next Index:
Payment Date:
Prior Payment:
Next Payment:
Record Date:
6.624475%
1.538750%
1.438750%
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Face Value (1)
Balance
Payment
Adj. or Loss
Amortization
Balance
Payment (2)
Adjustment
Rate
100
Bond Payment
Statement Date:
1000.000000000
0.000000000
0.000000000
1000.000000000
5.482745488
6.5792501048%
0.00
0.00
0.000000000
6.5792944139%
0.000000000
46632MAY6/U48185AM1/46632MAZ3
K
14,573,000.00
0.00
0.00
14,573,000.00
79,900.05
14,573,000.00
1000.000000000
0.000000000
0.000000000
1000.000000000
3.586666667
4.3040000000%
0.00
0.00
0.000000000
4.3040000000%
0.000000000
46632MBA7/U48185AN9/46632MBB5
L
8,745,000.00
0.00
0.00
8,745,000.00
31,365.40
8,745,000.00
1000.000000000
0.000000000
0.000000000
1000.000000000
3.586667429
4.3040000000%
0.00
0.00
0.000000000
4.3040000000%
0.000000000
46632MBC3/U48185AP4/46632MBD1
M
4,372,000.00
0.00
0.00
4,372,000.00
15,680.91
4,372,000.00
1000.000000000
0.000000000
0.000000000
1000.000000000
3.586666667
4.3040000000%
0.00
0.00
0.000000000
4.3040000000%
0.000000000
46632MBE9/U48185AQ2/46632MBF6
N
5,829,000.00
0.00
0.00
5,829,000.00
20,906.68
5,829,000.00
1000.000000000
0.000000000
0.000000000
1000.000000000
3.586667429
4.3040000000%
0.00
0.00
0.000000000
4.3040000000%
0.000000000
46632MBG4/U48185AR0/46632MBH2
P
4,372,000.00
0.00
0.00
4,372,000.00
15,680.91
4,372,000.00
1000.000000000
0.000000000
0.000000000
1000.000000000
3.586665523
4.3040000000%
0.00
0.00
0.000000000
4.3040000000%
0.000000000
46632MBJ8/U48185AS8/46632MBK5
Q
2,915,000.00
0.00
0.00
2,915,000.00
10,455.13
2,915,000.00
1000.000000000
0.000000000
0.000000000
1000.000000000
3.586667429
4.3040000000%
0.00
0.00
0.000000000
4.3040000000%
0.000000000
46632MBL3/U48185AT6/46632MBM1
T
4,372,000.00
0.00
0.00
4,372,000.00
15,680.91
4,372,000.00
1000.000000000
0.000000000
0.000000000
1000.000000000
1.514653812
4.3040000000%
0.00
(45,296.35)
(2.072013059)
4.3040000000%
0.000000000
46632MBN9/U48185AU3/46632MBP4
NR
21,861,035.00
0.00
0.00
21,861,035.00
33,111.90
21,861,035.00
998.849215649
0.000000000
0.000000000
998.600925358
0.401823200
0.4824642280%
0.00
0.00
0.000000000
0.4827433741%
0.000000000
N
46632MCG3
X
1,165,893,035.00
0.00
0.00
1,164,261,863.62
468,482.87
1,164,551,343.54
0.000000000
0.000000000
0.000000000
0.000000000
0.000000000
0.00
0.00
0.000000000
N/A
0.000000000
46632MAA8
R
0.00
0.00
0.00
0.00
0.00
0.00
0.000000000
0.000000000
0.000000000
0.000000000
0.000000000
0.00
0.00
0.000000000
N/A
0.000000000
46632MAC4
LR
0.00
0.00
0.00
0.00
0.00
0.00
Total P&I Payment
0.00
(45,296.35)
1,165,893,035.00
1,164,551,343.54
6,629,122.05
Total
1,164,261,863.62
289,479.92
0.00
6,339,642.13
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
Page 3 of 45
Notes: (1) N denotes notional balance not included in total (2) Accrued Interest Plus/Minus Interest Adjustment Minus Deferred Interest equals Interest Payment (3) Estimated. * Denotes Controlling Class
Class
CUSIP
Original
Opening
Principal
Principal
Negative
Closing
Interest
Interest
Pass-Through
Per $ 1000
Per $ 1000
Per $ 1000
Per $ 1000
Per $ 1000
Per $ 1000
Per $ 1000
Next Rate(3)
WAC:
WAMM:
Current Index:
Next Index:
Payment Date:
Prior Payment:
Next Payment:
Record Date:
6.624475%
1.538750%
1.438750%
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Face Value (1)
Balance
Payment
Adj. or Loss
Amortization
Balance
Payment (2)
Adjustment
Rate
100
Grantor Trust
Statement Date:
1000.000000000
0.000000000
0.000000000
1000.000000000
2.532291655
2.9387500000%
0.00
0.00
0.000000000
3.0387500000%
0.000000000
46632MCA6
A4FL
145,000,000.00
0.00
0.00
145,000,000.00
367,182.29
145,000,000.00
Total P&I Payment
0.00
0.00
145,000,000.00
145,000,000.00
367,182.29
Total
145,000,000.00
0.00
0.00
367,182.29
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
Page 4 of 45
Notes: (1) N denotes notional balance not included in total (2) Accrued Interest Plus/Minus Interest Adjustment Minus Deferred Interest equals Interest Payment (3) Estimated. * Denotes Controlling Class
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Statement Date:
Cash Reconciliation Summary
Current Scheduled Interest
Interest Summary
Less Deferred Interest
Plus Gross Advance Interest
Less PPIS Reducing Scheduled Int
5,106,371.46
0.00
0.00
Less ASER Interest Adv Reduction
0.00
Less Other Adjustment
0.00
Total
6,421,540.31
Unscheduled Interest:
Prepayment Penalties
0.00
Yield Maintenance Penalties
0.00
Other Interest Proceeds
0.00
Total
0.00
Less Fee Paid To Servicer
Special Servicing Fees
Interest Due Serv on Advances
Non Recoverable Advances
Misc. Fees & Expenses
Total Unscheduled Fees & Expenses
Total Interest Due Trust
Less Fees & Expenses Paid By/To Trust
Trustee Fee
Fee Strips
Misc. Fees
Interest Reserve Withholding
Plus Interest Reserve Deposit
Total
Principal Summary
Scheduled Principal:
Current Scheduled Principal
Advanced Scheduled Principal
Scheduled Principal
Unscheduled Principal:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds
Total Unscheduled Principal
Remittance Principal
Remittance P&I Due Trust
Remittance P&I Due Certs
Pool Balance Summary
Beginning Pool
Scheduled Principal
Unscheduled Principal
Deferred Interest
Liquidations
Repurchases
Ending Pool
Balance
Count
Principal
Interest
Prior Outstanding
Plus Current Period
Less Recovered
Ending Outstanding
Servicing Fee Summary
Current Servicing Fees
Plus Fees Advanced for PPIS
Less Reduction for PPIS
Plus Delinquent Servicing Fees
Total Servicing Fees
PPIS Summary
Gross PPIS
Reduced by PPIE
Reduced by Shortfalls in Fees
Reduced by Other Amounts
PPIS Reducing Scheduled Interest
PPIS Reducing Servicing Fee
PPIS Due Certificate
0.00
(45,141.67)
0.00
0.00
(154.66)
(45,296.33)
6,341,136.71
(1,494.58)
0.00
0.00
0.00
(1,494.58)
278,132.40
11,347.52
289,479.92
0.00
0.00
0.00
0.00
0.00
0.00
289,479.92
6,630,616.63
1,164,551,343.95
79
289,479.92
0.00
0
0.00
0.00
0
0.00
0
1,164,261,864.03
79
73,337.82
3,651,921.61
11,347.52
1,315,168.85
11,347.52
3,861,040.47
35,107.27
0.00
0.00
7,244.07
42,351.34
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Advance Summary (Advance Made by Servicer)
(35,107.27)
Less Other Interest Not Advanced
0.00
1,315,168.85
Workout Fees
Liquidation Fees
0.00
0.00
Less Non Recovered
(1,106,049.99)
(73,337.82)
0.00
0.00
0.00
Cumulative Prepayment Consideration Received
Prepayment Premiums
Yield Maintenance
Other Interest
6,339,642.13
6,629,122.05
0
Prior Outstanding
Plus Current Period
Less Recovered
Less Non Recovered
Ending Outstanding
Non-P&I Servicing Advance Summary
Amount
0.00
0.00
0.00
0.00
0.00
Total Interest Due Certs
0.00
0.00
0.00
Less Fee Strips Paid by Servicer
Page 5 of 45
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Statement Date:
Cash Reconciliation Summary Loan Group I
Current Scheduled Interest
Interest Summary
Less Deferred Interest
Plus Gross Advance Interest
Less PPIS Reducing Scheduled Int
4,777,534.14
0.00
0.00
Less ASER Interest Adv Reduction
0.00
Less Other Adjustment
0.00
Total
6,068,968.88
Unscheduled Interest:
Prepayment Penalties
0.00
Yield Maintenance Penalties
0.00
Other Interest Proceeds
0.00
Total
0.00
Less Fee Paid To Servicer
Special Servicing Fees
Interest Due Serv on Advances
Non Recoverable Advances
Misc. Fees & Expenses
Total Unscheduled Fees & Expenses
Total Interest Due Trust
Less Fees & Expenses Paid By/To Trust
Trustee Fee
Fee Strips
Misc. Fees
Interest Reserve Withholding
Plus Interest Reserve Deposit
Total
Principal Summary
Scheduled Principal:
Current Scheduled Principal
Advanced Scheduled Principal
Scheduled Principal
Unscheduled Principal:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds
Total Unscheduled Principal
Remittance Principal
Remittance P&I Due Trust
Remittance P&I Due Certs
Pool Balance Summary
Beginning Pool
Scheduled Principal
Unscheduled Principal
Deferred Interest
Liquidations
Repurchases
Ending Pool
Balance
Count
Principal
Interest
Prior Outstanding
Plus Current Period
Less Recovered
Ending Outstanding
Servicing Fee Summary
Current Servicing Fees
Plus Fees Advanced for PPIS
Less Reduction for PPIS
Plus Delinquent Servicing Fees
Total Servicing Fees
PPIS Summary
Gross PPIS
Reduced by PPIE
Reduced by Shortfalls in Fees
Reduced by Other Amounts
PPIS Reducing Scheduled Interest
PPIS Reducing Servicing Fee
PPIS Due Certificate
0.00
(45,141.67)
0.00
0.00
(154.66)
(45,296.33)
5,991,348.44
(1,411.22)
0.00
0.00
0.00
(1,411.22)
257,081.44
5,973.02
263,054.46
0.00
0.00
0.00
0.00
0.00
0.00
263,054.46
6,254,402.90
1,099,609,999.00
69
263,054.46
0.00
0
0.00
0.00
0
0.00
0
1,099,346,944.54
69
60,120.86
3,448,993.77
5,973.02
1,291,434.74
5,973.02
3,837,306.36
32,324.11
0.00
0.00
7,078.68
39,402.79
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Advance Summary (Advance Made by Servicer)
(32,324.11)
Less Other Interest Not Advanced
0.00
1,291,434.74
Workout Fees
Liquidation Fees
0.00
0.00
Less Non Recovered
(903,122.15)
(60,120.86)
0.00
0.00
0.00
Cumulative Prepayment Consideration Received
Prepayment Premiums
Yield Maintenance
Other Interest
5,989,937.22
6,252,991.68
0
Prior Outstanding
Plus Current Period
Less Recovered
Less Non Recovered
Ending Outstanding
Non-P&I Servicing Advance Summary
Amount
0.00
0.00
0.00
0.00
0.00
Total Interest Due Certs
0.00
0.00
0.00
Less Fee Strips Paid by Servicer
Page 6 of 45
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Statement Date:
Cash Reconciliation Summary Loan Group II
Current Scheduled Interest
Interest Summary
Less Deferred Interest
Plus Gross Advance Interest
Less PPIS Reducing Scheduled Int
328,837.32
0.00
0.00
Less ASER Interest Adv Reduction
0.00
Less Other Adjustment
0.00
Total
352,571.43
Unscheduled Interest:
Prepayment Penalties
0.00
Yield Maintenance Penalties
0.00
Other Interest Proceeds
0.00
Total
0.00
Less Fee Paid To Servicer
Special Servicing Fees
Interest Due Serv on Advances
Non Recoverable Advances
Misc. Fees & Expenses
Total Unscheduled Fees & Expenses
Total Interest Due Trust
Less Fees & Expenses Paid By/To Trust
Trustee Fee
Fee Strips
Misc. Fees
Interest Reserve Withholding
Plus Interest Reserve Deposit
Total
Principal Summary
Scheduled Principal:
Current Scheduled Principal
Advanced Scheduled Principal
Scheduled Principal
Unscheduled Principal:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds
Total Unscheduled Principal
Remittance Principal
Remittance P&I Due Trust
Remittance P&I Due Certs
Pool Balance Summary
Beginning Pool
Scheduled Principal
Unscheduled Principal
Deferred Interest
Liquidations
Repurchases
Ending Pool
Balance
Count
Principal
Interest
Prior Outstanding
Plus Current Period
Less Recovered
Ending Outstanding
Servicing Fee Summary
Current Servicing Fees
Plus Fees Advanced for PPIS
Less Reduction for PPIS
Plus Delinquent Servicing Fees
Total Servicing Fees
PPIS Summary
Gross PPIS
Reduced by PPIE
Reduced by Shortfalls in Fees
Reduced by Other Amounts
PPIS Reducing Scheduled Interest
PPIS Reducing Servicing Fee
PPIS Due Certificate
0.00
0.00
0.00
0.00
0.00
0.00
349,788.27
(83.36)
0.00
0.00
0.00
(83.36)
21,050.96
5,374.50
26,425.46
0.00
0.00
0.00
0.00
0.00
0.00
26,425.46
376,213.73
64,941,344.95
10
26,425.46
0.00
0
0.00
0.00
0
0.00
0
64,914,919.49
10
13,216.96
202,927.84
5,374.50
23,734.11
5,374.50
23,734.11
2,783.16
0.00
0.00
165.39
2,948.55
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Advance Summary (Advance Made by Servicer)
(2,783.16)
Less Other Interest Not Advanced
0.00
23,734.11
Workout Fees
Liquidation Fees
0.00
0.00
Less Non Recovered
(202,927.84)
(13,216.96)
0.00
0.00
0.00
Cumulative Prepayment Consideration Received
Prepayment Premiums
Yield Maintenance
Other Interest
349,704.91
376,130.37
0
Prior Outstanding
Plus Current Period
Less Recovered
Less Non Recovered
Ending Outstanding
Non-P&I Servicing Advance Summary
Amount
0.00
0.00
0.00
0.00
0.00
Total Interest Due Certs
0.00
0.00
0.00
Less Fee Strips Paid by Servicer
Page 7 of 45
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Class
Accrued
Certificate
Interest
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Bond Interest Reconciliation Detail
Total
Interest
Deductions
Accrual
Total
Interest
Additions
Statement Date:
Method
Opening
Balance
Distributable
Certificate
Interest
Interest
Payment
Amount
Current
Period
Shortfall
Recovery
Remaining
Outstanding
Interest
Shorfalls
Credit
Support
Pass-Through
Rate
Days
Original
Current (1)
30/360
5.0170000000%
22,188,608.26
92,766.87
0.00
92,766.87
0.00
A1
0.00
30.00%
30.04%
92,766.87
0.00
30
30/360
5.8550000000%
68,126,000.00
332,398.11
0.00
332,398.11
0.00
A2
0.00
30.00%
30.04%
332,398.11
0.00
30
30/360
6.2880000000%
105,514,000.00
552,893.36
0.00
552,893.36
0.00
A3
0.00
30.00%
30.04%
552,893.36
0.00
30
30/360
6.0680000000%
354,554,000.00
1,792,861.39
0.00
1,792,861.39
0.00
A4
0.00
30.00%
30.04%
1,792,861.39
0.00
30
30/360
6.1250000000%
54,460,000.00
277,972.92
0.00
277,972.92
0.00
ASB
0.00
30.00%
30.04%
277,972.92
0.00
30
30/360
5.9980000000%
64,940,700.28
324,595.27
0.00
324,595.27
0.00
A1A
0.00
30.00%
30.04%
324,595.27
0.00
30
30/360
6.5792944139%
116,589,000.00
639,227.80
0.00
639,227.80
0.00
AM
0.00
20.00%
20.03%
639,227.80
0.00
30
30/360
6.5792944139%
61,209,000.00
335,593.36
0.00
335,593.36
0.00
AJ
0.00
14.75%
14.77%
335,593.36
0.00
30
30/360
6.5792944139%
14,574,000.00
79,905.53
0.00
79,905.53
0.00
B
0.00
13.50%
13.52%
79,905.53
0.00
30
30/360
6.5792944139%
14,574,000.00
79,905.53
0.00
79,905.53
0.00
C
0.00
12.25%
12.27%
79,905.53
0.00
30
30/360
6.5792944139%
10,201,000.00
55,929.49
0.00
55,929.49
0.00
D
0.00
11.38%
11.39%
55,929.49
0.00
30
30/360
6.5792944139%
10,202,000.00
55,934.97
0.00
55,934.97
0.00
E
0.00
10.50%
10.51%
55,934.97
0.00
30
30/360
6.5792944139%
13,116,000.00
71,911.69
0.00
71,911.69
0.00
F
0.00
9.38%
9.39%
71,911.69
0.00
30
30/360
6.5792944139%
11,659,000.00
63,923.33
0.00
63,923.33
0.00
G
0.00
8.38%
8.39%
63,923.33
0.00
30
30/360
6.5792944139%
16,031,000.00
87,893.89
0.00
87,893.89
0.00
H
0.00
7.00%
7.01%
87,893.89
0.00
30
30/360
6.5792944139%
14,574,000.00
79,905.53
0.00
79,905.53
0.00
J
0.00
5.75%
5.76%
79,905.53
0.00
30
30/360
6.5792944139%
14,573,000.00
79,900.05
0.00
79,900.05
0.00
K
0.00
4.50%
4.51%
79,900.05
0.00
30
30/360
4.3040000000%
8,745,000.00
31,365.40
0.00
31,365.40
0.00
L
0.00
3.75%
3.76%
31,365.40
0.00
30
30/360
4.3040000000%
4,372,000.00
15,680.91
0.00
15,680.91
0.00
M
0.00
3.38%
3.38%
15,680.91
0.00
30
30/360
4.3040000000%
5,829,000.00
20,906.68
0.00
20,906.68
0.00
N
0.00
2.88%
2.88%
20,906.68
0.00
30
30/360
4.3040000000%
4,372,000.00
15,680.91
0.00
15,680.91
0.00
P
0.00
2.50%
2.50%
15,680.91
0.00
30
30/360
4.3040000000%
2,915,000.00
10,455.13
0.00
10,455.13
0.00
Q
0.00
2.25%
2.25%
10,455.13
0.00
30
30/360
4.3040000000%
4,372,000.00
15,680.91
0.00
15,680.91
0.00
T
0.00
1.88%
1.88%
15,680.91
0.00
30
30/360
4.3040000000%
21,861,035.00
78,408.25
0.00
86,202.84
-45,296.35
NR
53,090.94
0.00%
0.00%
33,111.90
0.00
30
30/360
0.4827433741%
1,164,551,343.54
468,482.87
0.00
468,482.87
0.00
X
0.00
NA
NA
468,482.87
0.00
30
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
Page 8 of 45
(1) Determined as follows: (A) the ending balance of all the classes less (B) the sum of (i) the ending balance of the class and (ii) the ending balance of all classes which are not subordinate to the class divided by (A).
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Class
Accrued
Certificate
Interest
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Bond Interest Reconciliation Detail
Total
Interest
Deductions
Accrual
Total
Interest
Additions
Statement Date:
Method
Opening
Balance
Distributable
Certificate
Interest
Interest
Payment
Amount
Current
Period
Shortfall
Recovery
Remaining
Outstanding
Interest
Shorfalls
Credit
Support
Pass-Through
Rate
Days
Original
Current (1)
N/A
N/A
0.00
0.00
0.00
0.00
0.00
R
0.00
NA
NA
0.00
0.00
N/A
N/A
0.00
0.00
0.00
0.00
0.00
LR
0.00
NA
NA
0.00
0.00
Act/360
3.0387500000%
145,000,000.00
367,182.29
0.00
367,182.29
0.00
A4FL
0.00
30.00%
30.04%
367,182.29
0.00
30
6,027,362.44
0.00
6,035,157.03
5,982,066.09
-45,296.35
53,090.94
0.00
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
Page 9 of 45
(1) Determined as follows: (A) the ending balance of all the classes less (B) the sum of (i) the ending balance of the class and (ii) the ending balance of all classes which are not subordinate to the class divided by (A).
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Class
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Bond Interest Reconciliation Detail
Deductions
Allocable
PPIS
Deferred &
Accretion
Interest
Additions
Yield
Maintenance
Interest Accrual
on Prior Shortfall
Interest
Loss Expense
Statement Date:
Prior Interest
Shortfall Due
Other
Interest
Proceeds (1)
Prepayment
Premiums
Prior
Interest
Due Date
Current
Interest
Due Date
Interest
Payment
Amount
Distributable
Certificate
Interest
0.00
92,766.87
92,766.87
0.00
1-Nov-2008
1-Dec-2008
0.00
0.00
0.00
0.00
0.00
A1
0.00
0.00
332,398.11
332,398.11
0.00
1-Nov-2008
1-Dec-2008
0.00
0.00
0.00
0.00
0.00
A2
0.00
0.00
552,893.36
552,893.36
0.00
1-Nov-2008
1-Dec-2008
0.00
0.00
0.00
0.00
0.00
A3
0.00
0.00
1,792,861.39
1,792,861.39
0.00
1-Nov-2008
1-Dec-2008
0.00
0.00
0.00
0.00
0.00
A4
0.00
0.00
277,972.92
277,972.92
0.00
1-Nov-2008
1-Dec-2008
0.00
0.00
0.00
0.00
0.00
ASB
0.00
0.00
324,595.27
324,595.27
0.00
1-Nov-2008
1-Dec-2008
0.00
0.00
0.00
0.00
0.00
A1A
0.00
0.00
639,227.80
639,227.80
0.00
1-Nov-2008
1-Dec-2008
0.00
0.00
0.00
0.00
0.00
AM
0.00
0.00
335,593.36
335,593.36
0.00
1-Nov-2008
1-Dec-2008
0.00
0.00
0.00
0.00
0.00
AJ
0.00
0.00
79,905.53
79,905.53
0.00
1-Nov-2008
1-Dec-2008
0.00
0.00
0.00
0.00
0.00
B
0.00
0.00
79,905.53
79,905.53
0.00
1-Nov-2008
1-Dec-2008
0.00
0.00
0.00
0.00
0.00
C
0.00
0.00
55,929.49
55,929.49
0.00
1-Nov-2008
1-Dec-2008
0.00
0.00
0.00
0.00
0.00
D
0.00
0.00
55,934.97
55,934.97
0.00
1-Nov-2008
1-Dec-2008
0.00
0.00
0.00
0.00
0.00
E
0.00
0.00
71,911.69
71,911.69
0.00
1-Nov-2008
1-Dec-2008
0.00
0.00
0.00
0.00
0.00
F
0.00
0.00
63,923.33
63,923.33
0.00
1-Nov-2008
1-Dec-2008
0.00
0.00
0.00
0.00
0.00
G
0.00
0.00
87,893.89
87,893.89
0.00
1-Nov-2008
1-Dec-2008
0.00
0.00
0.00
0.00
0.00
H
0.00
0.00
79,905.53
79,905.53
0.00
1-Nov-2008
1-Dec-2008
0.00
0.00
0.00
0.00
0.00
J
0.00
0.00
79,900.05
79,900.05
0.00
1-Nov-2008
1-Dec-2008
0.00
0.00
0.00
0.00
0.00
K
0.00
0.00
31,365.40
31,365.40
0.00
1-Nov-2008
1-Dec-2008
0.00
0.00
0.00
0.00
0.00
L
0.00
0.00
15,680.91
15,680.91
0.00
1-Nov-2008
1-Dec-2008
0.00
0.00
0.00
0.00
0.00
M
0.00
0.00
20,906.68
20,906.68
0.00
1-Nov-2008
1-Dec-2008
0.00
0.00
0.00
0.00
0.00
N
0.00
0.00
15,680.91
15,680.91
0.00
1-Nov-2008
1-Dec-2008
0.00
0.00
0.00
0.00
0.00
P
0.00
0.00
10,455.13
10,455.13
0.00
1-Nov-2008
1-Dec-2008
0.00
0.00
0.00
0.00
0.00
Q
0.00
0.00
15,680.91
15,680.91
0.00
1-Nov-2008
1-Dec-2008
0.00
0.00
0.00
0.00
0.00
T
0.00
0.00
86,202.84
33,111.90
0.00
1-Nov-2008
1-Dec-2008
0.00
0.00
0.00
7,794.59
0.00
NR
0.00
0.00
468,482.87
468,482.87
0.00
1-Nov-2008
1-Dec-2008
0.00
0.00
0.00
0.00
0.00
X
0.00
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
Page 10 of 45
(1) Other Interest Proceeds are additional interest amounts specifically allocated to the bond(s) and used in determining the Bondholder's Distributable Interest.
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Class
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Bond Interest Reconciliation Detail
Deductions
Allocable
PPIS
Deferred &
Accretion
Interest
Additions
Yield
Maintenance
Interest Accrual
on Prior Shortfall
Interest
Loss Expense
Statement Date:
Prior Interest
Shortfall Due
Other
Interest
Proceeds (1)
Prepayment
Premiums
Prior
Interest
Due Date
Current
Interest
Due Date
Interest
Payment
Amount
Distributable
Certificate
Interest
0.00
0.00
0.00
0.00
1-Nov-2008
1-Dec-2008
0.00
0.00
0.00
0.00
0.00
R
0.00
0.00
0.00
0.00
0.00
1-Nov-2008
1-Dec-2008
0.00
0.00
0.00
0.00
0.00
LR
0.00
0.00
367,182.29
367,182.29
0.00
12-Nov-2008
12-Dec-2008
0.00
0.00
0.00
0.00
0.00
A4FL
0.00
0.00
0.00
0.00
0.00
6,035,157.03
5,982,066.09
7,794.59
0.00
0.00
0.00
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
Page 11 of 45
(1) Other Interest Proceeds are additional interest amounts specifically allocated to the bond(s) and used in determining the Bondholder's Distributable Interest.
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Bond Principal Reconciliation
Credit Support
Original
Currentt
Statement Date:
Beginning
Class Balance
Unscheduled
Principal
Payment
Extra
Principal
Payment Amt
Prior
Loss
Reimburs.
Rated
Final
Maturity
Class
Current
Losses
Original
Class Balance
Scheduled
Principal
Payment
Ending
Class Balance
Cumulative
Losses
Interest on
Losses
Additions
Losses
3.00
1.00
A1
30.00%
30.04%
2/12/2051
21,925,553.80
0.00
0.00
22,188,608.26
23,396,000.00
263,054.46
0.00
0.00
0.00
0.00
A2
30.00%
30.04%
2/12/2051
68,126,000.00
0.00
0.00
68,126,000.00
68,126,000.00
0.00
0.00
0.00
0.00
0.00
A3
30.00%
30.04%
2/12/2051
105,514,000.00
0.00
0.00
105,514,000.00
105,514,000.00
0.00
0.00
0.00
0.00
0.00
A4
30.00%
30.04%
2/12/2051
354,554,000.00
0.00
0.00
354,554,000.00
354,554,000.00
0.00
0.00
0.00
0.00
0.00
ASB
30.00%
30.04%
2/12/2051
54,460,000.00
0.00
0.00
54,460,000.00
54,460,000.00
0.00
0.00
0.00
0.00
0.00
A1A
30.00%
30.04%
2/12/2051
64,914,274.82
0.00
0.00
64,940,700.28
65,075,000.00
26,425.46
0.00
0.00
0.00
0.00
AM
20.00%
20.03%
2/12/2051
116,589,000.00
0.00
0.00
116,589,000.00
116,589,000.00
0.00
0.00
0.00
0.00
0.00
AJ
14.75%
14.77%
2/12/2051
61,209,000.00
0.00
0.00
61,209,000.00
61,209,000.00
0.00
0.00
0.00
0.00
0.00
B
13.50%
13.52%
2/12/2051
14,574,000.00
0.00
0.00
14,574,000.00
14,574,000.00
0.00
0.00
0.00
0.00
0.00
C
12.25%
12.27%
2/12/2051
14,574,000.00
0.00
0.00
14,574,000.00
14,574,000.00
0.00
0.00
0.00
0.00
0.00
D
11.38%
11.39%
2/12/2051
10,201,000.00
0.00
0.00
10,201,000.00
10,201,000.00
0.00
0.00
0.00
0.00
0.00
E
10.50%
10.51%
2/12/2051
10,202,000.00
0.00
0.00
10,202,000.00
10,202,000.00
0.00
0.00
0.00
0.00
0.00
F
9.38%
9.39%
2/12/2051
13,116,000.00
0.00
0.00
13,116,000.00
13,116,000.00
0.00
0.00
0.00
0.00
0.00
G
8.38%
8.39%
2/12/2051
11,659,000.00
0.00
0.00
11,659,000.00
11,659,000.00
0.00
0.00
0.00
0.00
0.00
H
7.00%
7.01%
2/12/2051
16,031,000.00
0.00
0.00
16,031,000.00
16,031,000.00
0.00
0.00
0.00
0.00
0.00
J
5.75%
5.76%
2/12/2051
14,574,000.00
0.00
0.00
14,574,000.00
14,574,000.00
0.00
0.00
0.00
0.00
0.00
K
4.50%
4.51%
2/12/2051
14,573,000.00
0.00
0.00
14,573,000.00
14,573,000.00
0.00
0.00
0.00
0.00
0.00
L
3.75%
3.76%
2/12/2051
8,745,000.00
0.00
0.00
8,745,000.00
8,745,000.00
0.00
0.00
0.00
0.00
0.00
M
3.38%
3.38%
2/12/2051
4,372,000.00
0.00
0.00
4,372,000.00
4,372,000.00
0.00
0.00
0.00
0.00
0.00
N
2.88%
2.88%
2/12/2051
5,829,000.00
0.00
0.00
5,829,000.00
5,829,000.00
0.00
0.00
0.00
0.00
0.00
P
2.50%
2.50%
2/12/2051
4,372,000.00
0.00
0.00
4,372,000.00
4,372,000.00
0.00
0.00
0.00
0.00
0.00
Q
2.25%
2.25%
2/12/2051
2,915,000.00
0.00
0.00
2,915,000.00
2,915,000.00
0.00
0.00
0.00
0.00
0.00
T
1.88%
1.88%
2/12/2051
4,372,000.00
0.00
0.00
4,372,000.00
4,372,000.00
0.00
0.00
0.00
0.00
0.00
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
Page 12 of 45
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Bond Principal Reconciliation
Credit Support
Original
Currentt
Statement Date:
Beginning
Class Balance
Unscheduled
Principal
Payment
Extra
Principal
Payment Amt
Prior
Loss
Reimburs.
Rated
Final
Maturity
Class
Current
Losses
Original
Class Balance
Scheduled
Principal
Payment
Ending
Class Balance
Cumulative
Losses
Interest on
Losses
Additions
Losses
3.00
25.00
NR
0.00%
0.00%
2/12/2051
21,861,035.00
0.00
0.00
21,861,035.00
21,861,035.00
0.00
0.00
0.00
0.00
0.00
R
NA
NA
2/12/2051
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
LR
NA
NA
2/12/2051
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
A4FL
30.00%
30.04%
2/12/2051
145,000,000.00
0.00
0.00
145,000,000.00
145,000,000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
289,479.92
0.00
0.00
0.00
1,165,893,035.00
1,164,261,863.62
1,164,551,343.54
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
Page 13 of 45
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Interest Adjustments Summary
Statement Date
0.00
0.00
45,141.67
0.00
Special Servicing Fees
Workout Fees
Liquidation Fees
Legal Fees
0.00
0.00
Misc. Fees & Expenses Paid by/to Servicer
Interest Paid to Servicer on Outstanding Advances
154.66
0.00
ASER Interest Advance Reduction
Interest Not Advanced (Current Period)
Recoup of Prior Advances by Servicer
0.00
0.00
Servicing Fees Paid Servicer on Loans Not Advanced
Misc. Fees & Expenses Paid by Trust
0.00
0.00
0.00
Shortfall Due to Rate Modification
Total Shortfall Allocated to the Bonds
Total Interest Adjustment to the Bonds
45,296.33
Shortfall Allocated to the Bonds:
Excess Allocated to the Bonds:
Other Interest Proceeds Due the Bonds
Yield Maintenance Penalties Due the Bonds
Prepayment Penalties Due the Bonds
Recovered ASER Interest Due the Bonds
Recovered Interest Due the Bonds
Less Total Shortfall Allocated to the Bonds
Total Excess Allocated to the Bonds
0.00
0.00
Total Excess Allocated to the Bonds
(45,296.33)
(45,296.33)
Aggregate Interest Adjustment Allocated to the Bonds
0.00
0.00
0.00
0.00
Prepayment Interest Excess Due the Bonds
0.00
ARD Excess Interest
0.00
0.00
0.00
Net Prepayment Int. Shortfalls Allocated to the Bonds
Other Interest Loss
Interest Income
0.00
Page 14 of 45
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Rating Information
Class
CUSIP
Fitch
Moody's
S&P
Fitch
Moody's
S&P
Original Ratings
Rating Change/Change Date(1)
Statement Date:
A1
46632MBQ2
AAA
Aaa
NR
A2
46632MBS8
AAA
Aaa
NR
A3
46632MBW9
AAA
Aaa
NR
A4
46632MBY5
AAA
Aaa
NR
A4FL_REG
AAA
Aaa
NR
ASB
46632MCC2
AAA
Aaa
NR
A1A
46632MCE8
AAA
Aaa
NR
AM
46632MCJ7
AAA
Aaa
NR
AJ
46632MCL2
AAA
Aaa
NR
B
46632MAG5
AA+
Aa1
NR
C
46632MAJ9
AA
Aa2
NR
D
46632MAL4
AA-
Aa3
NR
E
46632MAN0
A+
A1
NR
F
46632MAQ3
A
A2
NR
G
46632MAS9
A-
A3
NR
H
46632MAU4
BBB+
Baa1
NR
J
46632MAW0
BBB
Baa2
NR
K
46632MAY6
BBB-
Baa3
NR
L
46632MBA7
BB+
Ba1
NR
M
46632MBC3
BB
Ba2
NR
N
46632MBE9
BB-
Ba3
NR
P
46632MBG4
B+
B1
NR
Page 15 of 45
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
NR - Designates that the class was not rated by the rating agency.
(1) Changed ratings provided on this report are based on information provided by the applicable rating agency via electronic transmission. It shall be understood that this transmission will generally have been provided to LaSalle within 30 days of the
payment date listed on this statement. Because ratings may have changed during the 30 day window, or may not be being provided by the rating agency in an electronic format and therefore not being updated on this report, LaSalle recommends that
investors obtain current rating information directly from the rating agency.
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Rating Information
Class
CUSIP
Fitch
Moody's
S&P
Fitch
Moody's
S&P
Original Ratings
Rating Change/Change Date(1)
Statement Date:
Q
46632MBJ8
B
B2
NR
T
46632MBL3
B-
B3
NR
NR
46632MBN9
NR
NR
NR
X
46632MCG3
AAA
Aaa
NR
A4FL
46632MCA6
AAA
Aaa
NR
Page 16 of 45
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
NR - Designates that the class was not rated by the rating agency.
(1) Changed ratings provided on this report are based on information provided by the applicable rating agency via electronic transmission. It shall be understood that this transmission will generally have been provided to LaSalle within 30 days of the
payment date listed on this statement. Because ratings may have changed during the 30 day window, or may not be being provided by the rating agency in an electronic format and therefore not being updated on this report, LaSalle recommends that
investors obtain current rating information directly from the rating agency.
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Other Related Information
Statement Date:
Float Payer:
Fixed Payer:
SWAP Contract
SWAP Contract
Notional
Amount
Received
Amount
Paid
Yield Maintenance
Prepayment Premiums
Paid
Shortfall
Amount
SWAP Calculations
Rate
Amount
Class A4-FL
Class A4-FL
145,000,000.00
145,000,000.00
5.99800%
3.03875%
724,758.33
367,182.29
0.00
357,576.04
0.00
0.00
Page 17 of 45
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Asset-Backed Facts ~ 15 Month Historical Loan Status Summary
Distribution
Date
Delinq 1 Month
Delinq 2 Months
Delinq 3+ Months
Foreclosure
REO
Modifications
Specially Serviced
Bankruptcy
# Balance
# Balance
# Balance
# Balance
# Balance
# Balance
# Balance
# Balance
Delinquency Aging Categories
Special Event Categories (1)
Statement Date:
0.00%
0.00%
2.53%
19.69%
0
0.00%
0.00
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
2.53%
19.69%
12/12/2008
0
0.00
2
229,200,000.00
0
0.00
0
0.00
0
0.00
2
229,200,000.00
0
0.00
2.53%
19.68%
0.00%
0.00%
0
0.00%
0.00
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
11/12/2008
2
229,200,000.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0.00%
0.00%
0.00%
0.00%
0
0.00%
0.00
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
10/14/2008
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0.00%
0.00%
0.00%
0.00%
0
0.00%
0.00
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
9/12/2008
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0.00%
0.00%
0.00%
0.00%
0
0.00%
0.00
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
8/12/2008
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0.00%
0.00%
0.00%
0.00%
0
0.00%
0.00
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
7/14/2008
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0.00%
0.00%
0.00%
0.00%
0
0.00%
0.00
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
6/12/2008
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
(1) Note: Modification, Specially Serviced & Bankruptcy Totals are Included in the Appropriate Delinquency Aging Category
Page 18 of 45
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Asset-Backed Facts ~ 15 Month Historical Loan Status Summary
Distribution
Date
Delinq 1 Month
Delinq 2 Months
Delinq 3+ Months
Foreclosure
REO
Modifications
Specially Serviced
Bankruptcy
# Balance
# Balance
# Balance
# Balance
# Balance
# Balance
# Balance
# Balance
Delinquency Aging Categories
Special Event Categories (1)
Statement Date:
Loan Group I
0.00%
0.00%
2.90%
20.85%
0
0.00%
0.00
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
2.90%
20.85%
12/12/2008
0
0.00
2
229,200,000.00
0
0.00
0
0.00
0
0.00
2
229,200,000.00
0
0.00
2.90%
20.84%
0.00%
0.00%
0
0.00%
0.00
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
11/12/2008
2
229,200,000.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0.00%
0.00%
0.00%
0.00%
0
0.00%
0.00
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
10/14/2008
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0.00%
0.00%
0.00%
0.00%
0
0.00%
0.00
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
9/12/2008
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0.00%
0.00%
0.00%
0.00%
0
0.00%
0.00
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
8/12/2008
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0.00%
0.00%
0.00%
0.00%
0
0.00%
0.00
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
7/14/2008
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0.00%
0.00%
0.00%
0.00%
0
0.00%
0.00
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
6/12/2008
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
(1) Note: Modification, Specially Serviced & Bankruptcy Totals are Included in the Appropriate Delinquency Aging Category
Page 19 of 45
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Asset-Backed Facts ~ 15 Month Historical Loan Status Summary
Distribution
Date
Delinq 1 Month
Delinq 2 Months
Delinq 3+ Months
Foreclosure
REO
Modifications
Specially Serviced
Bankruptcy
# Balance
# Balance
# Balance
# Balance
# Balance
# Balance
# Balance
# Balance
Delinquency Aging Categories
Special Event Categories (1)
Statement Date:
Loan Group II
0.00%
0.00%
0.00%
0.00%
0
0.00%
0.00
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
12/12/2008
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0.00%
0.00%
0.00%
0.00%
0
0.00%
0.00
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
11/12/2008
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0.00%
0.00%
0.00%
0.00%
0
0.00%
0.00
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
10/14/2008
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0.00%
0.00%
0.00%
0.00%
0
0.00%
0.00
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
9/12/2008
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0.00%
0.00%
0.00%
0.00%
0
0.00%
0.00
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
8/12/2008
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0.00%
0.00%
0.00%
0.00%
0
0.00%
0.00
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
7/14/2008
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0.00%
0.00%
0.00%
0.00%
0
0.00%
0.00
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
6/12/2008
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
(1) Note: Modification, Specially Serviced & Bankruptcy Totals are Included in the Appropriate Delinquency Aging Category
Page 20 of 45
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary
Distribution
Date
Ending Pool (1)
Payoffs (2)
Penalties
Appraisal Reduct. (2)
Liquidations (2)
Realized Losses (2)
Remaining Term
Curr Weighted Avg.
# Balance
# Balance
# Amount
# Balance
# Balance
# Amount
Life
Coupon Remit
Statement Date:
Amort
Series 2008-C2
12-Dec-08
79
100.00%
1,164,261,864
99.86%
0.00%
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
100
355
6.62%
6.58%
0
0
0
0
12-Nov-08
79
100.00%
1,164,551,344
99.88%
0.00%
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
101
356
6.85%
6.80%
0
0
0
0
14-Oct-08
79
100.00%
1,164,760,472
99.90%
0.00%
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
102
356
6.62%
6.58%
0
0
0
0
12-Sep-08
79
100.00%
1,165,021,663
99.93%
0.00%
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
103
356
6.85%
6.80%
0
0
0
0
12-Aug-08
79
100.00%
1,165,228,036
99.94%
0.00%
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
104
357
6.85%
6.80%
0
0
0
0
14-Jul-08
79
100.00%
1,165,433,201
99.96%
0.00%
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
105
357
6.62%
6.58%
0
0
0
0
12-Jun-08
79
100.00%
1,165,690,580
99.98%
0.00%
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
106
357
6.85%
6.80%
0
0
0
0
(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.
Page 21 of 45
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary
Distribution
Date
Ending Pool (1)
Payoffs (2)
Penalties
Appraisal Reduct. (2)
Liquidations (2)
Realized Losses (2)
Remaining Term
Curr Weighted Avg.
# Balance
# Balance
# Amount
# Balance
# Balance
# Amount
Life
Coupon Remit
Statement Date:
Loan Group I
Amort
Series 2008-C2
12-Dec-08
69
87.34%
1,099,346,945
94.29%
0.00%
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
100
355
6.63%
6.59%
0
0
0
0
12-Nov-08
69
87.34%
1,099,609,999
94.31%
0.00%
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
101
356
6.85%
6.81%
0
0
0
0
14-Oct-08
69
87.34%
1,099,798,212
94.33%
0.00%
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
102
356
6.63%
6.59%
0
0
0
0
12-Sep-08
69
87.34%
1,100,033,241
94.35%
0.00%
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
103
356
6.85%
6.81%
0
0
0
0
12-Aug-08
69
87.34%
1,100,218,968
94.37%
0.00%
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
104
357
6.85%
6.81%
0
0
0
0
14-Jul-08
69
87.34%
1,100,403,607
94.38%
0.00%
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
105
357
6.63%
6.59%
0
0
0
0
12-Jun-08
69
87.34%
1,100,635,196
94.40%
0.00%
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
106
357
6.85%
6.81%
0
0
0
0
(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.
Page 22 of 45
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary
Distribution
Date
Ending Pool (1)
Payoffs (2)
Penalties
Appraisal Reduct. (2)
Liquidations (2)
Realized Losses (2)
Remaining Term
Curr Weighted Avg.
# Balance
# Balance
# Amount
# Balance
# Balance
# Amount
Life
Coupon Remit
Statement Date:
Loan Group II
Amort
Series 2008-C2
12-Dec-08
10
12.66%
64,914,919
5.57%
0.00%
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
102
355
6.52%
6.46%
0
0
0
0
12-Nov-08
10
12.66%
64,941,345
5.57%
0.00%
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
103
355
6.74%
6.68%
0
0
0
0
14-Oct-08
10
12.66%
64,962,260
5.57%
0.00%
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
104
356
6.52%
6.46%
0
0
0
0
12-Sep-08
10
12.66%
64,988,423
5.57%
0.00%
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
105
356
6.74%
6.68%
0
0
0
0
12-Aug-08
10
12.66%
65,009,068
5.58%
0.00%
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
106
357
6.74%
6.68%
0
0
0
0
14-Jul-08
10
12.66%
65,029,595
5.58%
0.00%
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
107
357
6.52%
6.46%
0
0
0
0
12-Jun-08
10
12.66%
65,055,384
5.58%
0.00%
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
0
0.00%
108
358
6.74%
6.68%
0
0
0
0
(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.
Page 23 of 45
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Historical Collateral Level Payoff Report
Disclosure
Control #
Payoff
Period
Initial
Balance
Type
Payoff
Amount
Penalty
Amount
Prepayment
Date
Maturity
Date
Property
Type
Geographic
Location
Statement Date:
Cumulative
Current
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
Page 24 of 45
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Mortgage Loan Characteristics
Series 2008-C2
Commercial Mortgage Pass Through Certificates
28-Nov-08
12-Jan-09
12-Nov-08
12-Dec-08
12-Dec-08
Record Date:
Next Payment:
Prior Payment:
Payment Date:
Statement Date:
Distribution of Mortgage Interest Rates
Distribution of Principal Balances
Distribution of Remaining Term (Balloon)
Distribution of Remaining Term (Fully Amortizing)
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
Page 25 of 45
Current Scheduled
Balance
# of
Loans
Scheduled
Balance
% of
Balance
Weighted Average
Term Coupon PFY DSCR
11
24,086,840
2.07
107
6.59
0.00
%
0
to
3,000,000
%
30
136,056,277
11.69
107
6.67
0.04
%
3,000,000
to
6,000,000
%
9
63,269,380
5.43
101
6.88
0.00
%
6,000,000
to
9,000,000
%
6
63,527,812
5.46
98
6.79
0.00
%
9,000,000
to
12,000,000
%
3
42,391,718
3.64
89
7.25
0.00
%
12,000,000
to
15,000,000
%
2
32,424,172
2.78
111
6.69
0.00
%
15,000,000
to
18,000,000
%
1
19,380,000
1.66
109
6.79
0.00
%
18,000,000
to
21,000,000
%
2
42,800,000
3.68
109
6.78
0.00
%
21,000,000
to
24,000,000
%
3
77,626,205
6.67
108
6.88
0.00
%
24,000,000
to
27,000,000
%
2
55,217,460
4.74
109
6.78
0.00
%
27,000,000
to
30,000,000
%
2
63,300,000
5.44
109
6.33
0.00
%
30,000,000
to
33,000,000
%
0
0
0.00
0
0.00
0.00
%
33,000,000
to
36,000,000
%
2
76,812,000
6.60
108
6.97
0.69
%
36,000,000
to
39,000,000
%
1
42,000,000
3.61
101
6.01
0.00
%
39,000,000
to
42,000,000
%
2
86,170,000
7.40
76
6.26
0.00
%
42,000,000
to
45,000,000
%
0
0
0.00
0
0.00
0.00
%
45,000,000
to
48,000,000
%
0
0
0.00
0
0.00
0.00
%
48,000,000
to
51,000,000
%
0
0
0.00
0
0.00
0.00
%
51,000,000
to
54,000,000
%
0
0
0.00
0
0.00
0.00
%
54,000,000
to
57,000,000
%
3
339,200,000
29.13
95
6.48
0.00
%
57,000,000
&
Above
%
125,200,000
1,433,390
1,164,261,864
79
100.00
%
Average Schedule Balance
Maximum Schedule Balance
Minimum Schedule Balance
14,737,492
Current Mortgage
Interest Rate
# of
Loans
Scheduled
Balance
% of
Balance
Weighted Average
Term Coupon PFY DSCR
5
74,410,154
6.39
75
5.97
0.00
%
5.000%
%
to
6.000%
6
89,064,874
7.65
105
6.09
0.00
%
6.001%
%
to
6.250%
13
358,415,654
30.78
95
6.35
0.00
%
6.251%
%
to
6.500%
19
187,697,358
16.12
108
6.61
0.31
%
6.501%
%
to
6.750%
20
260,046,015
22.34
109
6.88
0.00
%
6.751%
%
to
7.000%
9
107,054,673
9.20
91
7.15
0.00
%
7.001%
%
to
7.250%
5
69,589,664
5.98
110
7.31
0.00
%
7.251%
%
to
7.500%
0
0
0.00
0
0.00
0.00
%
7.501%
%
to
7.750%
1
14,000,000
1.20
111
8.00
0.00
%
7.751%
%
to
8.000%
0
0
0.00
0
0.00
0.00
%
8.001%
%
to
8.250%
0
0
0.00
0
0.00
0.00
%
8.251%
%
to
8.500%
1
3,983,472
0.34
51
8.71
0.00
%
8.501%
%
to
8.750%
0
0
0.00
0
0.00
0.00
%
8.751%
%
&
Above
79
1,164,261,864
Minimum Mortgage Interest Rate
Maximum Mortgage Interest Rate
100.00
%
5.780%
8.707%
Fully Amortizing
Mortgage Loans
# of
Loans
Scheduled
Balance
% of
Balance
Weighted Average
Term Coupon PFY DSCR
0
0
0.00
0
0.00
0.00
%
%
to
0
50
0
0
0.00
0
0.00
0.00
%
%
to
51
100
0
0
0.00
0
0.00
0.00
%
%
to
101
150
0
0
0.00
0
0.00
0.00
%
%
&
151
Above
0
0
0.00
%
Balloon
Mortgage Loans
# of
Loans
Scheduled
Balance
% of
Balance
Weighted Average
Term Coupon PFY DSCR
5
80,532,859
6.92
47
6.58
0.00
%
%
0
to
60
73
1,078,772,546
92.66
104
6.63
0.05
%
%
61
to
120
1
4,956,460
0.43
159
5.78
0.00
%
%
121
to
180
0
0
0.00
0
0.00
0.00
%
%
181
to
240
0
0
0.00
0
0.00
0.00
%
%
241
to
300
0
0
0.00
0
0.00
0.00
%
%
301
to
360
0
0
0.00
0
0.00
0.00
%
%
361
&
Above
159
46
79
1,164,261,864
Minimum Remaining Term
Maximum Remaining Term
%
100.00
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Mortgage Loan Characteristics
Series 2008-C2
Commercial Mortgage Pass Through Certificates
28-Nov-08
12-Jan-09
12-Nov-08
12-Dec-08
12-Dec-08
Record Date:
Next Payment:
Prior Payment:
Payment Date:
Statement Date:
Geographic Distribution
Distribution of DSCR (PFY)
Distribution of DSCR (Cutoff)
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
Page 26 of 45
Debt Service
Coverage Ratio
# of
Loans
Scheduled
Balance
% of
Balance
WAMM WAC PFY DSCR
0
0
0.00
0
0.00
0.00
%
%
1.000 1.200
2
43,149,025
3.71
108
6.67
1.35
%
%
1.201 1.400
0
0
0.00
0
0.00
0.00
%
%
1.401 1.600
0
0
0.00
0
0.00
0.00
%
%
1.601 1.800
0
0
0.00
0
0.00
0.00
%
%
1.801 2.000
0
0
0.00
0
0.00
0.00
%
%
2.001 2.200
0
0
0.00
0
0.00
0.00
%
%
2.201 2.400
0
0
0.00
0
0.00
0.00
%
%
2.401 2.600
0
0
0.00
0
0.00
0.00
%
%
2.601 2.800
0
0
0.00
0
0.00
0.00
%
%
2.801 3.000
0
0
0.00
0
0.00
0.00
%
%
3.001 3.200
0
0
0.00
0
0.00
0.00
%
%
3.201 3.400
0
0
0.00
0
0.00
0.00
%
%
3.401 3.600
0
0
0.00
0
0.00
0.00
%
%
3.601 3.800
0
0
0.00
0
0.00
0.00
%
%
3.801 & Above
77
1,121,112,839
96.29
100
6.62
0.00
%
%
Unknown
1.360
1.300
79
1,164,261,864
100.00
%
Minimum DSCR
Maximum DSCR
Debt Service
Coverage Ratio
# of
Loans
Scheduled
Balance
% of
Balance
WAMM WAC PFY DSCR
41
768,841,013
66.04
101
6.60
0.08
%
%
1.000 1.225
27
276,404,576
23.74
96
6.84
0.00
%
%
1.226 1.450
4
56,906,953
4.89
98
6.28
0.00
%
%
1.451 1.675
5
26,152,863
2.25
106
6.58
0.00
%
%
1.676 1.900
0
0
0.00
0
0.00
0.00
%
%
1.901 2.125
0
0
0.00
0
0.00
0.00
%
%
2.126 2.350
0
0
0.00
0
0.00
0.00
%
%
2.351 2.575
0
0
0.00
0
0.00
0.00
%
%
2.576 2.800
1
31,000,000
2.66
109
6.19
0.00
%
%
2.801 3.025
0
0
0.00
0
0.00
0.00
%
%
3.026 3.250
0
0
0.00
0
0.00
0.00
%
%
3.251 3.475
0
0
0.00
0
0.00
0.00
%
%
3.476 3.700
1
4,956,460
0.43
159
5.78
0.00
%
%
3.701 & Above
3.760
1.100
79
1,164,261,864
100.00
Minimum DSCR
Maximum DSCR
%
Geographic
Location
# of
Loans
Scheduled
Balance
% of
Balance
WAMM WAC PFY DSCR
California
4
247,166,822
21.23
89
6.33
0.00
%
%
Multiple States
3
139,271,739
11.96
109
6.88
0.00
%
%
Pennsylvania
6
96,060,961
8.25
106
7.03
0.55
%
%
Wisconsin
4
91,926,730
7.90
110
6.91
0.00
%
%
Maryland
4
62,142,816
5.34
109
6.63
0.00
%
%
Massachusetts
2
48,353,695
4.15
51
5.99
0.00
%
%
Texas
5
47,404,270
4.07
92
6.57
0.00
%
%
New Jersey
4
43,827,903
3.76
108
6.76
0.00
%
%
Nevada
1
42,250,000
3.63
107
6.52
0.00
%
%
Washington
1
42,000,000
3.61
101
6.01
0.00
%
%
Georgia
3
35,171,402
3.02
107
6.64
0.00
%
%
Ohio
5
34,638,705
2.98
96
7.24
0.00
%
%
Florida
5
31,293,564
2.69
86
7.03
0.00
%
%
District of Columbia
1
27,594,394
2.37
107
6.37
0.00
%
%
Oregon
3
26,685,000
2.29
108
6.61
0.00
%
%
New York
5
26,238,398
2.25
116
6.43
0.00
%
%
Louisiana
1
21,500,000
1.85
109
6.59
0.00
%
%
Alabama
3
20,668,942
1.78
109
6.58
0.27
%
%
Missouri
4
20,037,242
1.72
108
6.91
0.00
%
%
North Carolina
1
7,176,475
0.62
107
6.87
0.00
%
%
Montana
1
6,200,000
0.53
109
6.12
0.00
%
%
Iowa
2
5,860,126
0.50
104
6.71
0.00
%
%
Minnesota
1
5,802,227
0.50
105
6.64
0.00
%
%
Tennessee
2
5,729,035
0.49
108
6.82
0.00
%
%
West Virginia
1
5,531,466
0.48
107
6.37
0.00
%
%
Arizona
1
4,680,000
0.40
109
6.71
0.00
%
%
New Mexico
1
4,204,069
0.36
111
7.27
0.00
%
%
Indiana
1
4,150,000
0.36
105
6.64
0.00
%
%
South Carolina
1
3,175,000
0.27
105
6.68
0.00
%
%
Illinois
1
3,039,136
0.26
105
6.46
0.00
%
%
Arkansas
1
2,452,000
0.21
108
6.39
0.00
%
%
Virginia
1
2,029,747
0.17
110
7.46
0.00
%
%
100.00
1,164,261,864
79
%
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Mortgage Loan Characteristics
Series 2008-C2
Commercial Mortgage Pass Through Certificates
28-Nov-08
12-Jan-09
12-Nov-08
12-Dec-08
12-Dec-08
Record Date:
Next Payment:
Prior Payment:
Payment Date:
Statement Date:
Distribution of Loan Seasoning
Distribution of Property Types
Distribution of Year Loans Maturing
Distribution of Amortization Type
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
Page 27 of 45
Property Types
# of
Loans
Scheduled
Balance
% of
Balance
WAMM WAC PFY DSCR
Retail
26
412,453,852
35.43
95
6.50
0.13
%
%
Office
13
308,254,611
26.48
97
6.38
0.00
%
%
Lodging
12
244,732,581
21.02
109
7.00
0.00
%
%
Multifamily
10
64,914,919
5.58
102
6.52
0.00
%
%
Mixed Use
4
35,874,968
3.08
108
6.83
0.00
%
%
Industrial
8
35,482,685
3.05
101
6.89
0.16
%
%
Various
1
25,075,000
2.15
109
6.98
0.00
%
%
Self Storage
4
23,473,246
2.02
109
6.43
0.00
%
%
Other
1
14,000,000
1.20
111
8.00
0.00
%
%
1,164,261,864
79
100.00
%
Amortization Type
# of
Loans
Scheduled
Balance
% of
Balance
WAMM WAC PFY DSCR
Amortizing Balloon
43
278,177,470
23.89
103
6.92
0.02
%
%
IO Maturity Balloon
4
120,095,000
10.32
83
6.07
0.00
%
%
IO/Amortizing/Balloon
32
765,989,394
65.79
102
6.60
0.07
%
%
1,164,261,864
79
100.00
%
Number of Months
# of
Loans
Scheduled
Balance
% of
Balance
WAMM WAC PFY DSCR
18
226,223,297
19.43
105
0.00
%
%
6.82
0
to
10
61
938,038,567
80.57
99
0.06
%
%
6.58
11
to
20
0
0
0.00
0
0.00
%
%
0.00
21
to
30
0
0
0.00
0
0.00
%
%
0.00
31
to
40
0
0
0.00
0
0.00
%
%
0.00
41
to
50
0
0
0.00
0
0.00
%
%
0.00
51
to
60
0
0
0.00
0
0.00
%
%
0.00
61
to
70
0
0
0.00
0
0.00
%
%
0.00
71
to
80
0
0
0.00
0
0.00
%
%
0.00
81
to
90
0
0
0.00
0
0.00
%
%
0.00
91
to
100
0
0
0.00
0
0.00
%
%
0.00
101
or
More
79
1,164,261,864
100.00
%
Year
# of
Loans
Scheduled
Balance
% of
Balance
WAMM WAC PFY DSCR
0
0
0.00
0
0.00
0.00
%
%
Prior to Current Year
0
0
0.00
0
0.00
0.00
%
%
2008
0
0
0.00
0
0.00
0.00
%
%
2009
0
0
0.00
0
0.00
0.00
%
%
2010
0
0
0.00
0
0.00
0.00
%
%
2011
2
55,307,669
4.75
46
6.21
0.00
%
%
2012
3
25,225,190
2.17
49
7.39
0.00
%
%
2013
1
110,000,000
9.45
70
6.25
0.00
%
%
2014
0
0
0.00
0
0.00
0.00
%
%
2015
0
0
0.00
0
0.00
0.00
%
%
2016
40
466,868,696
40.10
105
6.47
0.11
%
%
2017
32
501,903,849
43.11
109
6.87
0.01
%
%
2018
1
4,956,460
0.43
159
5.78
0.00
%
%
2019 & Greater
100.00
1,164,261,864
79
%
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Delinquent Loan Detail
Disclosure
Control #
Paid
Thru
Date
Current P&I
Advance
Outstanding
P&I
Advances**
Out. Property
Protection
Advances
Loan Status
Code (1)
Special
Servicer
Transfer Date
Foreclosure
Date
Bankruptcy
Date
REO
Date
Statement Date:
1-Sep-08
660,221.34
2,002,671.40
0.00
4-Nov-08
2
1
1-Sep-08
591,846.67
1,795,268.23
0.00
22-Oct-08
2
3
1-Nov-08
29,108.61
29,108.61
0.00
B
50
1-Nov-08
31,664.82
31,664.82
0.00
B
53
1-Nov-08
13,674.93
13,674.93
0.00
A
78
1,326,516.37
3,872,387.99
Total
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
Page 28 of 45
A. In Grace Period
1. Delinq. 1 month
2. Delinq. 2 months
3. Delinquent 3 + months
4. Performing Matured Balloon
** Outstanding P&I Advances include the current period P&I Advances and may include Servicer Advances.
B. Late Payment but < 1 month delinq.
5. Non Performing Matured Balloon
(1) :Legend :
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Loan Level Detail
Disclosure
Control #
Group
Property
Type
Maturity
Date
PFY
DSCR
Operating
Statement
Date
Geo.
Location
Ending
Principal
Balance
Note
Rate
Scheduled
P&I
Prepayment
Amount
Prepayment
Date
Loan
Status
Code (1)
Statement Date:
CA
6.37%
1-Aug-17
JPMC8C21
Retail
0.00
125,200,000
664,395
2
1
CA
6.25%
1-Oct-14
JPMC8C21
Retail
0.00
110,000,000
573,054
2
XX
6.86%
1-Jan-18
JPMC8C21
Lodging
0.00
104,000,000
594,447
2
3
MA
6.00%
1-Oct-12
JPMC8C21
Office
0.00
43,920,000
219,600
4
NV
6.52%
1-Nov-17
JPMC8C21
Office
0.00
42,250,000
229,611
5
WA
6.01%
1-May-17
JPMC8C21
Office
0.00
42,000,000
210,350
6
31-Dec-07
PA
6.68%
1-Dec-17
JPMC8C21
Retail
1.36
38,812,000
216,053
7
PA
7.27%
1-Jan-18
JPMC8C21
Lodging
0.00
38,000,000
230,217
8
WI
6.46%
1-Jan-18
JPMC8C21
Office
0.00
32,300,000
173,882
9
MD
6.19%
1-Jan-18
JPMC8C21
Office
0.00
31,000,000
159,883
10
WI
7.19%
1-Feb-18
JPMC8C21
Lodging
0.00
27,623,066
188,767
11
DC
6.37%
1-Nov-17
JPMC8C21
Office
0.00
27,594,394
172,224
12
WI
7.19%
1-Feb-18
JPMC8C21
Lodging
0.00
26,651,205
182,125
13
GA
6.45%
1-Oct-17
JPMC8C21
Office
0.00
25,900,000
139,213
14
XX
6.98%
1-Jan-18
JPMC8C21
Various
0.00
25,075,000
145,769
15
LA
6.59%
1-Jan-18
JPMC8C21
Office
0.00
21,500,000
117,988
16
NJ
6.97%
1-Jan-18
JPMC8C21
Office
0.00
21,300,000
123,735
17
OR
6.79%
1-Jan-18
JPMC8C21
Mixed Use
0.00
19,380,000
109,659
18
MD
7.37%
1-May-18
JPMC8C21
Retail
0.00
16,424,172
113,905
19
TX
6.00%
1-Jan-18
JPMC8C22
Multifamily
0.00
16,000,000
80,000
20
NJ
6.55%
1-Nov-17
JPMC8C21
Retail
0.00
14,600,000
79,692
21
OH
8.00%
1-Mar-18
JPMC8C21
Other
0.00
14,000,000
93,333
22
TX
7.22%
1-Jan-13
JPMC8C21
Retail
0.00
13,791,718
94,568
23
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
Page 29 of 45
* NOI and DSCR, if available and reportable under the terms of the trust agreement, are based on information obtained from the related borrower, and no other party to the agreement shall be held liable for the accuracy or methodology used to determine such figures.
(1) Legend:
A. In Grace Period
B. Late Payment but < 1 month delinq
1. Delinquent 1 month
2. Delinquent 2 months
3. Delinquent 3+ months
4. Performing Matured Balloon
5. Non Performing Matured Ballon
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Loan Level Detail
Disclosure
Control #
Group
Property
Type
Maturity
Date
PFY
DSCR
Operating
Statement
Date
Geo.
Location
Ending
Principal
Balance
Note
Rate
Scheduled
P&I
Prepayment
Amount
Prepayment
Date
Loan
Status
Code (1)
Statement Date:
FL
7.03%
1-Nov-12
JPMC8C22
Multifamily
0.00
11,387,669
76,742
24
TX
6.60%
1-Mar-18
JPMC8C22
Multifamily
0.00
11,375,000
62,563
25
NY
6.91%
1-Oct-17
JPMC8C21
Retail
0.00
11,000,000
63,342
26
XX
6.90%
1-Jan-18
JPMC8C21
Retail
0.00
10,196,739
67,730
28
AL
6.48%
1-Feb-18
JPMC8C21
Self Storage
0.00
10,250,000
55,350
29
PA
6.80%
1-Jan-18
JPMC8C21
Industrial
0.00
9,318,404
61,290
30
FL
7.37%
1-Jan-18
JPMC8C21
Lodging
0.00
8,931,676
62,130
31
MD
7.06%
1-Oct-17
JPMC8C21
Mixed Use
0.00
8,150,000
47,949
32
OH
7.01%
1-Jan-13
JPMC8C21
Office
0.00
7,450,000
43,520
33
NC
6.87%
1-Nov-17
JPMC8C21
Lodging
0.00
7,176,475
47,598
34
MD
6.34%
1-Oct-17
JPMC8C21
Lodging
0.00
6,568,644
41,348
35
CA
6.81%
1-Jun-18
JPMC8C21
Retail
0.00
6,513,372
42,732
36
GA
7.25%
1-Dec-17
JPMC8C21
Lodging
0.00
6,197,296
42,636
37
MT
6.12%
1-Jan-18
JPMC8C21
Retail
0.00
6,200,000
31,620
38
AL
6.78%
1-Oct-17
JPMC8C21
Lodging
0.00
6,081,917
40,012
39
MN
6.64%
1-Sep-17
JPMC8C21
Lodging
0.00
5,802,227
37,677
40
MO
6.95%
1-Jan-18
JPMC8C22
Multifamily
0.00
5,627,359
37,550
41
WV
6.37%
1-Nov-17
JPMC8C21
Retail
0.00
5,531,466
34,887
42
MO
6.76%
1-Dec-17
JPMC8C21
Lodging
0.00
5,500,000
30,983
43
CA
6.52%
1-Nov-17
JPMC8C21
Retail
0.00
5,453,450
34,925
44
OH
6.46%
1-Sep-17
JPMC8C21
Industrial
0.00
5,392,015
37,009
45
WI
6.74%
1-Jan-18
JPMC8C21
Retail
0.00
5,352,459
34,988
46
OH
6.67%
1-Nov-17
JPMC8C21
Industrial
0.00
5,200,000
28,916
47
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
Page 30 of 45
* NOI and DSCR, if available and reportable under the terms of the trust agreement, are based on information obtained from the related borrower, and no other party to the agreement shall be held liable for the accuracy or methodology used to determine such figures.
(1) Legend:
A. In Grace Period
B. Late Payment but < 1 month delinq
1. Delinquent 1 month
2. Delinquent 2 months
3. Delinquent 3+ months
4. Performing Matured Balloon
5. Non Performing Matured Ballon
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Loan Level Detail
Disclosure
Control #
Group
Property
Type
Maturity
Date
PFY
DSCR
Operating
Statement
Date
Geo.
Location
Ending
Principal
Balance
Note
Rate
Scheduled
P&I
Prepayment
Amount
Prepayment
Date
Loan
Status
Code (1)
Statement Date:
NJ
6.81%
1-Feb-18
JPMC8C21
Mixed Use
0.00
5,158,599
33,936
48
OR
5.84%
1-Aug-17
JPMC8C21
Retail
0.00
5,100,000
24,820
49
NY
5.78%
1-Mar-22
JPMC8C22
Multifamily
0.00
4,956,460
29,274
B
50
NY
6.10%
1-Dec-17
JPMC8C21
Retail
0.00
4,895,494
29,997
51
FL
6.72%
1-Nov-17
JPMC8C21
Retail
0.00
4,848,577
31,684
52
MO
6.99%
1-Sep-17
JPMC8C21
Office
0.00
4,745,141
31,902
B
53
AZ
6.71%
1-Jan-18
JPMC8C21
Self Storage
0.00
4,680,000
26,151
54
MA
5.85%
1-Sep-17
JPMC8C21
Self Storage
0.00
4,433,695
26,547
55
31-Dec-07
AL
6.53%
1-Jan-18
JPMC8C21
Industrial
1.30
4,337,025
39,285
56
TN
6.84%
1-Nov-17
JPMC8C21
Retail
0.00
4,295,646
28,396
57
NM
7.27%
1-Mar-18
JPMC8C21
Office
0.00
4,204,069
28,913
58
MO
6.95%
1-Jan-18
JPMC8C22
Multifamily
0.00
4,164,742
27,791
59
IN
6.64%
1-Sep-17
JPMC8C22
Multifamily
0.00
4,150,000
22,963
60
TX
6.64%
1-Dec-17
JPMC8C21
Self Storage
0.00
4,109,552
26,614
61
FL
6.66%
1-Nov-17
JPMC8C21
Office
0.00
4,091,008
26,573
62
PA
8.71%
1-Mar-13
JPMC8C21
Industrial
0.00
3,983,472
31,345
63
IA
6.90%
1-Sep-17
JPMC8C21
Retail
0.00
3,800,126
25,323
64
PA
7.08%
1-Jan-18
JPMC8C21
Retail
0.00
3,769,086
25,486
65
NY
6.52%
1-Aug-17
JPMC8C21
Mixed Use
0.00
3,186,370
20,458
66
SC
6.68%
1-Sep-17
JPMC8C21
Retail
0.00
3,175,000
17,674
67
GA
6.97%
1-Jan-18
JPMC8C21
Retail
0.00
3,074,106
20,557
68
IL
6.46%
1-Sep-17
JPMC8C21
Industrial
0.00
3,039,136
20,860
69
NJ
6.12%
1-Dec-17
JPMC8C21
Retail
0.00
2,769,305
17,004
70
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
Page 31 of 45
* NOI and DSCR, if available and reportable under the terms of the trust agreement, are based on information obtained from the related borrower, and no other party to the agreement shall be held liable for the accuracy or methodology used to determine such figures.
(1) Legend:
A. In Grace Period
B. Late Payment but < 1 month delinq
1. Delinquent 1 month
2. Delinquent 2 months
3. Delinquent 3+ months
4. Performing Matured Balloon
5. Non Performing Matured Ballon
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Loan Level Detail
Disclosure
Control #
Group
Property
Type
Maturity
Date
PFY
DSCR
Operating
Statement
Date
Geo.
Location
Ending
Principal
Balance
Note
Rate
Scheduled
P&I
Prepayment
Amount
Prepayment
Date
Loan
Status
Code (1)
Statement Date:
OH
6.60%
1-Nov-17
JPMC8C22
Multifamily
0.00
2,596,690
16,765
71
AR
6.39%
1-Dec-17
JPMC8C22
Multifamily
0.00
2,452,000
13,057
72
NY
6.11%
1-Aug-17
JPMC8C21
Lodging
0.00
2,200,075
14,648
73
OR
6.78%
1-Dec-17
JPMC8C22
Multifamily
0.00
2,205,000
12,458
74
PA
6.70%
1-Nov-17
JPMC8C21
Industrial
0.00
2,178,000
12,161
75
TX
6.41%
1-Sep-17
JPMC8C21
Retail
0.00
2,128,000
11,367
76
IA
6.36%
1-Jul-17
JPMC8C21
Retail
0.00
2,060,000
10,918
77
FL
7.08%
1-Feb-18
JPMC8C21
Industrial
0.00
2,034,634
13,743
A
78
VA
7.46%
1-Feb-18
JPMC8C21
Retail
0.00
2,029,747
14,234
79
TN
6.77%
1-Feb-18
JPMC8C21
Retail
0.00
1,433,390
9,391
80
1,164,261,864
6,718,264
0
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
Page 32 of 45
* NOI and DSCR, if available and reportable under the terms of the trust agreement, are based on information obtained from the related borrower, and no other party to the agreement shall be held liable for the accuracy or methodology used to determine such figures.
(1) Legend:
A. In Grace Period
B. Late Payment but < 1 month delinq
1. Delinquent 1 month
2. Delinquent 2 months
3. Delinquent 3+ months
4. Performing Matured Balloon
5. Non Performing Matured Ballon
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Specially Serviced (Part I) ~ Loan Detail (End of Period)
Disclosure
Control #
Servicing
Xfer Date
Balance
Maturity
Date
Remaining
Property
Type
Geo.
Location
NOI
DSCR
NOI
Date
Schedule
Actual
Life
Amort.
Statement Date:
Loan
Status
Code(1)
Note Rate
4-Nov-08
125,200,000
104
360
CA
6.37%
1-Aug-17
Retail
125,200,000
2
1
22-Oct-08
104,000,000
109
360
XX
6.86%
1-Jan-18
Lodging
104,000,000
2
3
229,200,000
229,200,000
2
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
Page 33 of 45
(1) Legend:
A. P&I Adv - in Grace Period
B. P&I Adv - < one month delinq
1. P&I Adv - delinquent 1 month
2. P&I Adv - delinquent 2 months
3. P&I Adv - delinquent 3+ months
4. Mat. Balloon/Assumed P&I
5. Non Performing Mat. Balloon
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Specially Serviced Loan Detail (Part II) ~ Servicer Comments (End of Period)
Disclosure
Control #
Resolution
Strategy
Comments
Statement Date:
Other/TBD
12/8/08-The loan transferred to Special Servicing on November 4, 2008 due to an imminent default. The property is a 345,847SF
lifestyle/entertainment retail center built in 2006/2007. The 2Q08 financials show a DSCR of 1.23x with occupancy at 93%. The borrower
sent a letter on 10/20/2008 to the Master Servicer claiming financial hardship due to the serious downturn in the economy and slower growth
of the neighborhood residential real estate market. Many tenants have asked for a rent reduction, and many of those tenants have kickout
provisions in their leases that could be triggered in the next year. The sponsors are working on a plan to renegotiate the leases, retain their
tenants and improve sales volume, and are seeking a restructure of the debt obligation. Counsel has been retained and the special servicer will
follow a dual track of workout and foreclosure.
1
Other/TBD
11/16/08 Loan transferred to Special Servicing on 10/22/08 due to Servicer determination of Imminent Default. Borrower defaulted on the
payment on these loans for October 1, 2008. Collateral is the 487 room Westin La Paloma in Tucson, Arizona with a 27 hole Jack Nicklaus
Signature golf course, and a spa; and the 412 room oceanfront Westin Hilton Head, in Hilton Head, South Carolina. There are two pari-passu
1st liens of $105,000,000 (Note A-1), which is in JP Morgan 2007 C1, and $104,000,000 (Note A-2) which is in JP Morgan 2008 C2.
Capmark is the lead-master and Midland the lead-special on the Note A-1, for which Blackrock is the Directing Holder. Midland is the
non-lead master and CW is the non-lead special on the Note A-2, for which CW is the non-lead Directing Holder. Newmark Realty Capital is
the primary servicer on both loans.
3
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
Page 34 of 45
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Appraisal Reduction Detail
Disclosure
Control#
Appraisal
Red. Date
Scheduled
Balance
ASER
Note
Rate
Maturity
Date
Property
Type
Geographic
Location
Appraisal
Value Date
DSCR
Statement Date:
Remaining Term
Life
AR
Amount
Current P&I
Advance
Page 35 of 45
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Historical Collateral Level REO Report
Property
Type
Statement Date:
State
Book Value
Scheduled
Balance
Recent
Appraisal
Value
Appraisal
Reduction
Amount
Date
Liquidated
Liquidation
Proceeds
Liquidation
Expenses
Realized
Loss
Disclosure
Control #
REO
Date
City
Appraisal
Date
Other
Revenue
Recovered
Type
(*)
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
Page 36 of 45
(*) Legend: (1) Paid in Full, (2) Final Recovery Made, (3) Permitted Purchase (4) Final Recovery of REO, (5) Permitted purchase of REO
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Historical Collateral Level REO Report
Property
Type
Statement Date:
State
Book Value
Scheduled
Balance
Recent
Appraisal
Value
Appraisal
Reduction
Amount
Date
Liquidated
Liquidation
Proceeds
Liquidation
Expenses
Realized
Loss
Disclosure
Control #
REO
Date
City
Appraisal
Date
Other
Revenue
Recovered
Type
(*)
Loan Group I
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
Page 37 of 45
(*) Legend: (1) Paid in Full, (2) Final Recovery Made, (3) Permitted Purchase (4) Final Recovery of REO, (5) Permitted purchase of REO
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Historical Collateral Level REO Report
Property
Type
Statement Date:
State
Book Value
Scheduled
Balance
Recent
Appraisal
Value
Appraisal
Reduction
Amount
Date
Liquidated
Liquidation
Proceeds
Liquidation
Expenses
Realized
Loss
Disclosure
Control #
REO
Date
City
Appraisal
Date
Other
Revenue
Recovered
Type
(*)
Loan Group II
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
Page 38 of 45
(*) Legend: (1) Paid in Full, (2) Final Recovery Made, (3) Permitted Purchase (4) Final Recovery of REO, (5) Permitted purchase of REO
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Realized Loss Detail
Period
Disclosure
Control #
Appraisal
Date
Appraisal
Value
Beginning
Scheduled
Balance
Gross
Proceeds
Gross Proceeds
as a % of
Sched. Balance
Aggregate
Liquidation
Expenses *
Net
Liquidation
Proceeds
Net Proceeds
as a % of
Sched. Balance
Realized
Loss
Statement Date:
Current Total
Cumulative
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
Page 39 of 45
* Aggregate liquidation expenses also include outstanding P&I advances and unpaid servicing fees, unpaid trustee fees, etc..
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Bond/Collateral Realized Loss Reconciliation
Statement Date:
Prospectus
ID
Period
Aggregate
Realized Loss
on Loans
Prior Realized
Loss Applied to
Certificates
Amounts Covered by
Overcollateralization
and other Credit
Support
Additional
(Recoveries)/
Expenses applied to
Realized Losses
Current Realized Loss
Applied to
Certificates*
Recoveries of
Realized Losses
paid as Cash
(Recoveries)/
Realized Loss
Applied to
Certificate Interest
Modification
Adjustments/Appraisal
Reduction Adjustment
Interest
(Shortages)/
Excesses applied
to Realized
Losses
Beginning
Balance of the
Loan at
Liquidation
A
B
C
D
E
Cumulative
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
*In the Initial Period the Current Realized Loss Applied to Certificates will equal Aggregate Realized Loss on Loans - B - C - D + E instead of A - C - D + E
Description of Fields
A
B
C
D
E
Prior Realized Loss Applied to Certificates
Reduction to Realized Loss applied to bonds (could represent OC, insurance policies, reserve accounts, etc)
Adjustments that are based on principal haircut or future interest foregone due to modification
Realized Loss Adjustments, Supplemental Recoveries or Expenses on a previously liquidated loan
Amounts classified by the Master as interest adjustments from general collections on a loan with a Realized Loss
Page 40 of 45
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Modified Loan Detail
Disclosure
Control #
Modification
Date
Cutoff
Maturity
Date
Modification
Description
Modified
Maturity
Date
Statement Date:
Ending
Principal
Balance
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
Page 41 of 45
Modified Loan Detail includes loans whose terms, fees, penalties or payments have been waived or extended.
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Maturity Extension Summary
Statement Date:
Loans which have had their Maturity Dates extended
Stated Principal Balance outstanding:
Weighted Average Extension Period:
Loans in the process of having their Maturity Dates extended
Stated Principal Balance outstanding:
Weighted Average Anticipated Extension Period:
Loans in the process of having their Maturity Dates further extended
Stated Principal Balance Outstanding:
Weighted Average Extension Period:
Loans paid-off that did experience Maturity Date extensions
Cutoff Principal Balance:
Weighted Average Extension Period:
0
0.00
0
0.00
Number of Loans:
0
Number of Loans:
0
0
0.00
0
Number of Loans:
Number of Loans:
0
0.00
0
Loans paid-off that did not experience Maturity Date extensions
Number of Loans:
Cutoff Principal Balance:
0
0.00
Page 42 of 45
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Defeased Loans
Statement Date:
Disclosure
Control #
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
Page 43 of 45
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Material Breaches and Material Document Defect Detail
Disclosure
Control #
Material Breach and Material Document Defect
Description
Material
Breach
Date
Statement Date:
Ending
Principal
Balance
Material
Breach
Status
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation
Page 44 of 45
Material breaches of pool asset representation or warranties or transaction covenants.
J.P. Morgan Chase Commercial Mortgage Securities Corp.
Payment Date:
Prior Payment:
Next Payment:
Record Date:
12-Dec-08
12-Dec-08
12-Nov-08
12-Jan-09
28-Nov-08
Commercial Mortgage Pass Through Certificates
Series 2008-C2
Other Related Information
Statement Date:
Additional Interest Paid to Floating Rate Certificates:
Mortgage Loan Event of Default or Event of Default Status:
Additional Principal Paid to Floating Rate Certificates:
Default Status
Rating Agency Trigger Event:
Swap Default Status:
Floating Rate Certificate Interest Shortfall :
Floating Rate Certificate Principal Shortfall :
Amount Received
Amount Paid
Shortfall
Payment by Swap Counterparty as a Termination Payment:
Payment to any Successor Interest Rate Swap Counterparty to Acquire
a Replacement Interest Rate Swap Agreement:
Collateral Posted in Connection with any Rating Agency Trigger Event:
0.00
None
None
None
None
0.00
0.00
0.00
0.00
0.00
0.00
357,576.04
0.00
0.00
0.00
Class A4FL Yield Maintenance Premiums paid to the SWAP Counterparty
Swap Contract A4FL
Class A4FL Distribution Conversion
Page 45 of 45
10-Dec-2008 - 15:27 (EE34-EE94) (c) 2008 Bank Of America Corporation