FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-258342-02 | ||
From: Spg Syndicate Jpm (JP MORGAN SECURITIES) <sjpm2@bloomberg.net>
Sent: Wednesday, August 10, 2022 2:17 PM
Subject: ★CLASS XA LAUNCH★ $630.182MM BMARK 2022-B36 PUBLIC CMBS
Categories: EXTERNAL SENDER – Review for phishing. Report if suspicious. For help visit go/phish
★LAUNCH★ BMARK 2022-B36 - XA - PUBLIC CMBS
JOINT BOOKRUNNERS & CO-LEAD MANAGERS : | J.P. MORGAN SECURITIES LLC, DEUTSCHE BANK SECURITIES INC., GOLDMAN SACHS & CO. LLC. AND CITIGROUP GLOBAL MARKETS INC. |
RATING AGENCIES : | MOODY’S/FITCH/DBRS |
OFFERING TYPE : | SEC-REGISTERED |
Class | Moody’s/Fitch/KBRA | Size($mm) | WAL | Approx Proceeds | LAUNCH* |
XA | NR/AAA/AAA | 565.731 | 8.58 | ~$29.9mm | J+300 |
* PRICING SPEED IS 100 CPY
COLLATERAL SUMMARY | |
CUT-OFF DATE BALANCE : | $753,806,375 |
NUMBER OF LOANS : | 31 |
NUMBER OF PROPERTIES : | 69 |
WA CUT-OFF LTV : | 51.9% |
WA MATURITY LTV : | 51.8% |
WA U/W NCF DSCR : | 2.07x |
WA U/W NOI DEBT YIELD : | 11.1% |
TOP TEN LOANS % : | 67.8% |
WA TERM TO MATURITY (MOS) : | 110 |
WA REMAINING AMORTIZATION TERM (MOS) : | 293 |
WA SEASONING (MOS) : | 1 |
TOP 5 PROPERTY TYPES : | OFFICE (32.6%), RETAIL (16.9%), MIXED USE(15.6%), SELF STORAGE(13.6%), INDUSTRIAL (10.3%) |
TOP 5 STATES : | NY (27.6%), VA (14.3%), CA (13.9%), MI (7.5%), FL (6.8%) |
LOAN SELLERS : | JPMORGAN CHASE BANK, N.A. (18.1%), CITI REAL ESTATE FUNDING INC. (37.6%), GERMAN AMERICAN CAPITAL CORPORATION (23.8%) and GOLDMAN SACHS MORTGAGE COMPANY (20.4%) |
U.S. RISK RETENTION : | AN ELIGIBLE VERTICAL RESIDUAL INTEREST WILL BE RETAINED BY JPMORGAN CHASE BANK, NATIONAL ASSOCIATION AND DBR INVESTMENTS CO. LIMITED. |
EU RISK RETENTION : | THE TRANSACTION IS NOT STRUCTURED TO SATISFY THE EU RISK RETENTION AND DUE DILIGENCE REQUIREMENTS |
MASTER SERVICER : | MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION |
SPECIAL SERVICER : | MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION |
OPERATING ADVISOR : | PARK BRIDGE LENDER SERVICES LLC. |
ASSET REPRESENTATIONS REVIEWER : | PARK BRIDGE LENDER SERVICES LLC. |
DIRECTING CERTIFICATEHOLDER : | KKR REAL ESTATE CREDIT OPPORTUNITY PARTNERS II L.P. |
TIMING | |
ANTICIPATED PRICING : | ~2:30 PM ET TODAY, AUGUST 10, 2022 |
ANTICIPATED SETTLEMENT : | ON OR ABOUT AUGUST 23, 2022 |
JPM SPG SYNDICATE CONTACTS JENNIFER KORNBLAU 212-834-4154
MORGAN ROACH 212-834-4154
JACQUELINE LARET 212-834-4154
KRISTEN ROSSI 212-834-4154
MICHAEL CASH 212-834-4154
JPM CMBS BANKING CONTACTS KUNAL SINGH 212-834-5467
HARRIS RENDELSTEIN 212-834-6737
JPM CMBS TRADING DESK CONTACTS AVINASH SHARMA 212-834-3111
BRIAN CAREY 212-834-3111
DERRICK FETZER 212-834-3111
DEUTSCHE BANK TRADING DESK CONTACT RYAN HORVATH 212-250-5149
DAN PENN 212-250-5149
CITIGROUP SYNDICATE DESK CONTACTS RAUL OROZCO 212-723-1295
MATT PERRY 212-723-1295
GOLDMAN SACHS CMBS BANKING CONTACTS LEAH NIVISON 212-357-2702
SCOTT EPPERSON 212-934-2882
JUSTIN PETERSON 212-902-4283
GOLDMAN SACHS SYNDICATE CONTACTS SCOTT WALTER 212-357-8910
GOLDMAN SACHS CAPITAL MARKETS CONTACTS MARK ROMANCZUK 212-902-0290
NITIN JAGGA 212-855-9035
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