JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST 2014-C26 COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2014-C26
JOINT BOOKRUNNERS: J.P. MORGAN SECURITIES LLC, BARCLAYS CAPITAL INC.,
CREDIT SUISSE SECURITIES (USA) LLC
CO-LEAD MANAGERS: J.P. MORGAN SECURITIES LLC, BARCLAYS CAPITAL INC.
CREDIT SUISSE SECURITIES (USA) LLC
CO-MANAGER: DREXEL HAMILTON, LLC
RATING AGENCIES: MOODY'S/DBRS/KBRA
OFFERING TYPE: SEC-REGISTERED
***OFFERED CERTIFICATES - PUBLIC***
| |
RATINGS
|
SIZE
|
WAL
|
CERT
|
CERT
|
|
|
|
|
|
CL
|
(MDY/DBRS/KBRA)
|
($MM)
|
(YRS)
|
C/E
|
LTV
|
PXD
|
YLD%
|
CPN%
|
$PX
|
|
A1
|
Aaa/AAA/AAA
|
59.050
|
3.02
|
30.000%
|
47.0%
|
S+40
|
1.5803
|
1.5962
|
99.9998
|
|
A2
|
Aaa/AAA/AAA
|
211.650
|
4.89
|
30.000%
|
47.0%
|
S+70
|
2.3544
|
3.0185
|
102.9996
|
|
A3
|
Aaa/AAA/AAA
|
300.000
|
9.77
|
30.000%
|
47.0%
|
S+93
|
3.1176
|
3.2312
|
100.9999
|
|
A4
|
Aaa/AAA/AAA
|
337.579
|
9.89
|
30.000%
|
47.0%
|
S+95
|
3.1458
|
3.4943
|
102.9994
|
|
ASB
|
Aaa/AAA/AAA
|
106.446
|
7.30
|
***NOT AVAILABLE***
|
|
|
|
|
AS
|
Aa1/AAA/AAA
|
94.224
|
9.96
|
23.500%
|
51.4%
|
S+125
|
3.4508
|
3.7996
|
102.9994
|
|
B
|
Aa3/AA/AA
|
67.045
|
9.96
|
18.875%
|
54.5%
|
S+140
|
3.6008
|
3.9508
|
102.9998
|
|
C
|
A3/A(h)/A
|
48.924
|
9.96
|
15.500%
|
56.8%
|
S+210
|
4.3008
|
WAC
|
101.4842
|
COLLATERAL SUMMARY
|
CUT-OFF DATE BALANCE:
|
$1,449,606,872
|
|
NUMBER OF LOANS:
|
69
|
|
NUMBER OF PROPERTIES:
|
93
|
|
WA CUT-OFF LTV:
|
67.2%
|
|
WA MATURITY LTV:
|
58.9%
|
|
WA U/W DSCR:
|
1.69x
|
|
WA U/W NOI DEBT YIELD:
|
10.3%
|
|
TOP TEN LOANS %:
|
37.6%
|
|
WA TERM TO MATURITY (MOS):
|
110
|
|
WA AMORTIZATION TERM (MOS):
|
354
|
|
WA SEASONING (MOS):
|
1
|
LOAN SELLERS: JPMORGAN CHASE BANK, N.A. (36.9% of IPB)
COLUMN FINANCIAL, INC. (21.0% of IPB)
BARCLAYS BANK PLC (18.9% of IPB)
REDWOOD COMMERCIAL MORTGAGE CORPORATION (10.9% of IPB)
GENERAL ELECTRIC CAPITAL CORPORATION (7.1% of IPB)
RAIT FUNDING, LLC (5.1% of IPB)
TOP 5 PROPERTY TYPES: OFFICE (43.5%), MULTIFAMILY (16.8%), HOTEL (16.3%),
RETAIL (15.6%), INDUSTRIAL (3.4%)
TOP 5 STATES: FL (15.8%), NY (11.5%), TX (9.1%), MA (6.3%), GA (6.1%)
MASTER SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NA
SPECIAL SERVICER: MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NA
SENIOR TRUST ADVISOR: PENTALPHA SURVEILLANCE LLC
DIRECTING CERTIFICATEHOLDER: BLACKROCK REALTY ADVISORS, INC.
DOCUMENTS & TIMING
TERM SHEET, ANNEX A: AVAILABLE
FWP: AVAILABLE
ANTICIPATED SETTLEMENT: ON OR ABOUT DECEMBER 29, 2014
JPM SYNDICATE BARCLAYS SYNDICATE CS SYNDICATE
212-834-4154 212-412-5780 212-325-8539
ANDY CHERNA BRIAN WIELE CRAIG LEONARD
MICK WIEDRICK KENNY ROSENBERG ROGER TEDESCO
JENNIFER KORNBLAU MARK LACERENZA KARI ZHANG
JPM CMBS BANKING BARCLAYS CMBS BANKING CS CMBS BANKING
KUNAL SINGH 212-834-5467 DAN VINSON 212-528-8224 CHUCK LEE 212-538-1807
JPM CMBS TRADING BARCLAYS CMBS TRADING CS CMBS TRADING
ANDY TAYLOR 212-834-3813 MAX BAKER 212-528-7970 CHRIS CALLAHAN 212-325-4240
--------------------------------------------------------------------------------
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