JP Morgan Chase Commercial Mortgage Securities Corp.
05/18/2026 | Press release | Distributed by Public on 05/18/2026 12:29
Free Writing Prospectus (Form FWP)
| FREE WRITING PROSPECTUS | ||
| FILED PURSUANT TO RULE 433 | ||
| REGISTRATION FILE NO.: 333-280318-05 | ||
| From: | Spg Syndicate Jpm (JP MORGAN SECURITIES) |
| Sent: | Monday, May 18, 2026 1:14 PM |
| Subject: | ★NEW ISSUE ANNOUNCEMENT★ $648.862MM JPMF1 2026-FX1 ***PUBLIC CMBS*** |
PRELIMINARY PROSPECTUS ATTACHED JPMF1 MULTIFAMILY MORTGAGE TRUST 2026-FX1 COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2026-FX1 J. P. MORGAN SECURITIES LLC, AS LEAD MANAGER AND SOLE BOOKRUNNER, AND J. P. MORGAN CHASE COMMERCIAL MORTGAGE
PRELIMINARY PROSPECTUS ATTACHED
JPMF1 MULTIFAMILY MORTGAGE TRUST 2026-FX1 COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2026-FX1
J.P. MORGAN SECURITIES LLC, AS LEAD MANAGER AND SOLE BOOKRUNNER, AND J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., AS DEPOSITOR (COLLECTIVELY, “JPM”), ARE PLEASED TO PRESENT MF1 CAPITAL LLC’S (“MF1”) INAUGURAL FIXED-RATE MULTIFAMILY CONDUIT OFFERING, JPMF1 MULTIFAMILY MORTGAGE TRUST 2026-FX1 (“JPMF1 2026-FX1”). THE TRANSACTION WILL FEATURE 17 FIVE-YEAR, FIXED-RATE LOANS, WITH AN AGGREGATE PRINCIPAL BALANCE OF APPROXIMATELY $734.2 MILLION AS OF THE CUT-OFF DATE. THE UNDERLYING COLLATERAL CONSISTS OF 24 STABILIZED MULTIFAMILY PROPERTIES, SPANNING 12 STATES. MF1 ORIGINATED EACH OF THE MORTGAGE LOANS TO BE CONTRIBUTED TO THE SECURITIZATION THROUGH AN AFFILIATE, MF1 REIT III FR TRS LLC.
| LEAD MANAGER AND SOLE BOOKRUNNER : | J.P. MORGAN SECURITIES LLC |
| CO-MANAGERS : | ATLAS SP SECURITIES, A DIVISION OF APOLLO GLOBAL SECURITIES, LLC, GOLDMAN SACHS & CO. LLC and SANTANDER US CAPITAL MARKETS LLC |
| LOAN SELLER : | MF1 REIT III FR TRS LLC |
| RATING AGENCIES : | FITCH/MDBRS |
| OFFERING TYPE : | SEC-REGISTERED |
| *** OFFERED CERTIFICATES - PUBLIC *** | ||||||||
| CLS | RATINGS (F/MDBRS) | SIZE ($MM) | WAL (YR) | CERT P.WIN | CERT C/E LTV | CERT DEBT | NOI YLD | IPTS |
| A-2 | AAA/AAA | *** | *** | *** | 21.750% | 53.0% | 10.5% | LCF-2bps |
| A-3 | AAA/AAA | *** | *** | *** | 21.750% | 53.0% | 10.5% | J+78a |
| B | AA-/AA(high) | $42.217 | 4.85 | 58–58 | 16.000% | 56.9% | 9.8% | J+140a |
| C | A-/A(high) | $32.122 | 4.89 | 58–59 | 11.625% | 59.8% | 9.3% | J+175a |
| CLS | *** RANGE OF EXPECTED BALANCE ($MM) | EXPECTED WALS (YR) | EXPECTED P. WIN |
| A-2 | $0.000 – $250.000 | NAP – 4.32 | NAP / 44-54 |
| A-3 | $324.523 – $574.523 | 4.66 – 4.51 | 54-58 / 44-58 |
| PROPERTY TYPE : | MULTIFAMILY (100%) |
| TOP 5 STATES : | NJ (20.9%), NY (14.6%), NC (9.1%), LA (9.1%), IL (8.2%) |
| COLLATERAL SUMMARY | |
| CUT-OFF DATE BALANCE : | $734,215,000 |
| NUMBER OF LOANS : | 17 |
| NUMBER OF PROPERTIES : | 24 |
| WA CUT-OFF LTV : | 67.7% |
| WA MATURITY LTV : | 67.7% |
| WA U/W NCF DSCR : | 1.37x |
| WA U/W NOI DEBT YIELD : | 8.2% |
| TOP TEN LOANS % : | 71.0 % |
| WA REMAINING TERM TO MATURITY (MOS) : | 55 |
| WA REMAINING AMORTIZATION TERM (MOS) : | NAP |
| WA SEASONING (MOS) : | 5 |
| US RISK RETENTION : | MF1 REIT III FR TRS LLC WILL ACT AS THE “RETAINING SPONSOR”, AND IS EXPECTED TO SATISFY ITS RISK RETENTION REQUIREMENT INITIALLY THROUGH THE PURCHASE BY ITS “MAJORITY-OWNED AFFILIATE”, WHICH IS EXPECTED TO BE MF1 REIT III FR RETENTION HOLDER LLC, A DELAWARE LIMITED LIABILITY COMPANY, OF THE CLASS G-RR, CLASS H-RR AND CLASS J-RR CERTIFICATES |
| THE HORIZONTAL RISK RETENTION CERTIFICATES WILL CONSTITUTE AN “ELIGIBLE HORIZONTAL RESIDUAL INTEREST” (AS SUCH TERM IS DEFINED IN THE CREDIT RISK RETENTION RULES). | |
| 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 : | MF1 LOAN SERVICES LLC |
| OPERATING ADVISOR : | PENTALPHA SURVEILLANCE LLC |
| ASSET REPRESENTATIONS REVIEWER : | PENTALPHA SURVEILLANCE LLC |
| DIRECTING CERTIFICATEHOLDER : | MF1 REIT III FR RETENTION HOLDER LLC (OR AN AFFILIATE) |
| DOCUMENTS & TIMING | |
| TERM SHEET & ANNEX A : | ATTACHED |
| PRELIMINARY PROSPECTUS : | ATTACHED |
| PRICE GUIDANCE : | WEEK OF MAY 18, 2026 |
| ANTICIPATED PRICING : | ON OR ABOUT May 21, 2026 |
| ANTICIPATED SETTLEMENT : | ON OR ABOUT JUNE 10, 2026 |
JPM CMBS BANKING CONTACTS
KUNAL SINGH 212-834-5467
JOHN MILLER 212-272-8363
HARRIS RENDELSTEIN 212-834-6737
RANDY GOLDSTEIN 212-270-2188
AVINASH SHARMA 212-834-3111
BRIAN CAREY 212-834-3111
DERRICK FETZER 212-834-3111
JPM SPG SYNDICATE CONTACTS
JENNIFER KORNBLAU 212-834-4154
MORGAN ROACH 212-834-4154
JACQUELINE LARET 212-834-4154
MICHAEL CASH 212-834-4154
MARIE SARAFIAN 212-834-4154
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about
the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling 800-408-1016 or by emailing
the ABS Syndicate Desk at [email protected].
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JP Morgan Chase Commercial Mortgage Securities Corp. published this content on May 18, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on May 18, 2026 at 18:29 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]