Monday, 04 March 2013

INITIAL PRICING: JPMorgan Chase Commercial Mortgage Securities Trust, 2013-C10

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Class Amt
$mln
Sub
Level%
Avg
Life (yrs)
Rating
S&P
Rating
Fitch
Rating
Kroll
Pricing
%
Final
Pricing (bp)
Bnch
mark
A-1 63.40 30.00 2.82 AAA AAA AAA 99.9997 +25 swaps
A-2 87.16 30.00 4.84 AAA AAA AAA 102.9997 +55 swaps
A-3 22.45 30.00 6.82 AAA AAA AAA 102.9995 +86 swaps
A-4 185.00 30.00 9.78 AAA AAA AAA 100.9992 +86 swaps
A-5 430.08 30.00 9.87 AAA AAA AAA 102.9997 +88 swaps
A-SB 106.69 30.00 7.33 AAA AAA AAA 102.9999 +80 swaps
A-S 107.06 21.625 9.92 AAA AAA AAA 102.9993 +110 swaps
B 84.69 15.00 9.92 AA- AA- AA- 102.9999 +140 swaps
C 55.93 10.625 9.92 A- A- A- 100.3529 +225 swaps
D 47.94 6.875 9.92 BBB- BBB- BBB- 88.1275 +390 swaps
E 30.36 4.50 9.92 BB BB BB NA NA Treas
F 12.78 3.50 9.92 BB- B B NA NA Treas
NR 44.74 0.00 9.95 NR NR NR NA NA Treas
X-A 1,001.82* NA NA AAA AAA AAA 8.8929 +160 Treas
X-B 276.44* NA NA NR NR AAA NA NA Treas

*Notional amount, interest only

Collateral balance: $1,278.32 million

Bookrunner(s): JPMorgan Securities

Lead Managers: JPMorgan Securities

Co-managers: CIBC World Markets, Morgan Stanley

B-piece Buyer: CPUSI CMBS-B Co-Investment LLC (CBRE Capital Partners)

Master Servicer: Midland Loan Services

Special Servicer: CWCapital Asset Management

Operating Adviser: Park Bridge Lender Services

Certificate Administrator: Wells Fargo Bank

Trustee: Wells Fargo Bank

Originators: JPMorgan Chase Bank (81.1 percent of pool balance), CIBC World Markets (12 percent), Redwood Commercial Mortgage Corp. (6.9 percent)

Number of Loans/Properties: 50/101

Top-10 Concentration: 55 percent

Property Types: Retail (35.2 percent of pool balance), office (33.9 percent), multifamily (10 percent), industrial (7.6 percent), hotel (7.1 percent), manufactured housing (4.8 percent), mixed use (0.8 percent), self storage (0.6 percent)

Underwritten DSCR: 1.79x

Underwritten LTV: 64.9 percent

Underwritten Debt Yield: 10.8 percent

Weighted...


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Additional Info

  • Syndicate to Realpoint: No
  • Subject: CMBS Pricing (PRICE)
  • Deal Name: JPMorgan Chase Commercial Mortgage Securities Trust, 2013-C10
  • Private: Yes
Read 6 times Last modified on Tuesday, 14 May 2013

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