FREE WRITING PROSPECTUS
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FILED PURSUANT TO RULE 433
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REGISTRATION FILE NO.: 333-190246-11
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JOINT BOOKRUNNERS:
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J.P. MORGAN SECURITIES LLC, BARCLAYS CAPITAL INC., CREDIT SUISSE SECURITIES (USA) LLC
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CO-LEAD MANAGERS:
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J.P. MORGAN SECURITIES LLC, BARCLAYS CAPITAL INC. CREDIT SUISSE SECURITIES (USA) LLC
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CO-MANAGER:
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DREXEL HAMILTON, LLC
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RATING AGENCIES:
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MOODY'S/DBRS/KBRA
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OFFERING TYPE:
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SEC-REGISTERED
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RATINGS
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SIZE
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WAL
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CERT
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CERT
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CL
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(MDY/DBRS/KBRA)
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($MM)
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(YRS)
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C/E
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LTV
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PXD
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YLD%
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CPN%
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$PX
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A1
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Aaa/AAA/AAA
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59.050
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3.02
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30.000%
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47.0%
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S+40
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1.5803
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1.5962
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99.9998
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A2
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Aaa/AAA/AAA
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211.650
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4.89
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30.000%
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47.0%
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S+70
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2.3544
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3.0185
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102.9996
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A3
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Aaa/AAA/AAA
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300.000
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9.77
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***NOT AVAILABLE***
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A4
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Aaa/AAA/AAA
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337.579
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9.89
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30.000%
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47.0%
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S+95
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3.1458
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3.4943
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102.9994
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ASB
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Aaa/AAA/AAA
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106.446
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7.30
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***NOT AVAILABLE***
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AS
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Aa1/AAA/AAA
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94.224
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9.96
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23.500%
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51.4%
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S+125
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3.4508
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3.7996
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102.9994
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B
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Aa3/AA/AA
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67.045
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9.96
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18.875%
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54.5%
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S+140
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3.6008
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3.9508
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102.9998
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C
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A3/A(h)/A
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48.924
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9.96
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15.500%
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56.8%
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S+210
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4.3008
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WAC
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101.4842
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COLLATERAL SUMMARY
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CUT-OFF DATE BALANCE:
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$1,449,606,872
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NUMBER OF LOANS:
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69
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NUMBER OF PROPERTIES:
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93
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WA CUT-OFF LTV:
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67.2%
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WA MATURITY LTV:
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58.9%
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WA U/W DSCR:
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1.69x
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WA U/W NOI DEBT YIELD:
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10.3%
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TOP TEN LOANS %:
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37.6%
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WA TERM TO MATURITY (MOS):
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110
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WA AMORTIZATION TERM (MOS):
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354
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WA SEASONING (MOS):
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1
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LOAN SELLERS:
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JPMORGAN CHASE BANK, N.A. (36.9% of IPB)
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COLUMN FINANCIAL, INC. (21.0% of IPB)
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BARCLAYS BANK PLC (18.9% of IPB)
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REDWOOD COMMERCIAL MORTGAGE CORPORATION (10.9% of IPB)
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GENERAL ELECTRIC CAPITAL CORPORATION (7.1% of IPB)
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RAIT FUNDING, LLC (5.1% of IPB)
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TOP 5 PROPERTY TYPES:
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OFFICE (43.5%), MULTIFAMILY (16.8%), HOTEL (16.3%),
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RETAIL (15.6%), INDUSTRIAL (3.4%)
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TOP 5 STATES:
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FL (15.8%), NY (11.5%), TX (9.1%), MA (6.3%), GA (6.1%)
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MASTER SERVICER:
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MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NA
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SPECIAL SERVICER:
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MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NA
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SENIOR TRUST ADVISOR:
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PENTALPHA SURVEILLANCE LLC
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DIRECTING CERTIFICATEHOLDER:
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BLACKROCK REALTY ADVISORS, INC.
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TERM SHEET, ANNEX A:
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AVAILABLE
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FWP:
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AVAILABLE
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ANTICIPATED SETTLEMENT:
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ON OR ABOUT DECEMBER 29, 2014
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JPM SYNDICATE
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BARCLAYS SYNDICATE
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CS SYNDICATE
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212-834-4154
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212-412-5780
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212-325-8539
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ANDY CHERNA
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BRIAN WIELE
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CRAIG LEONARD
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MICK WIEDRICK
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KENNY ROSENBERG
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ROGER TEDESCO
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JENNIFER KORNBLAU
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MARK LACERENZA
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KARI ZHANG
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JPM CMBS BANKING
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BARCLAYS CMBS BANKING
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CS CMBS BANKING
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KUNAL SINGH 212-834-5467
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DAN VINSON 212-528-8224
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CHUCK LEE 212-538-1807
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JPM CMBS TRADING
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BARCLAYS CMBS TRADING
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CS CMBS TRADING
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ANDY TAYLOR 212-834-3813
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MAX BAKER 212-528-7970
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CHRIS CALLAHAN 212-325-4240
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